Phil Tseng, chief executive officer of BlackRock TCP Capital Corp, is preparing to leave the asset manager following a period of losses at the listed private credit vehicle, according to a report by Bloomberg.
Tseng is reportedly remaining with the firm for now, while the timing and terms of his departure have not yet been finalised.
BlackRock TCP Capital Corp, also known as TCPC, is a publicly traded business development company focused on private credit loans. The vehicle has come under pressu...
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