BlackRock TCP Capital, a direct lending services provider, agreed to merge with BlackRock Capital Investment, a business development company. Financial terms were not disclosed. “This transaction continues our commitment to build a best-in-class platform that offers clients products and solutions to capitalize on the expanding opportunities in private debt. Over the past 20 years, BlackRock has built leading private debt capabilities to help our clients achieve their investment objectives by aligning our proven investment excellence with long-term market opportunities. This merger is a strategic next step in the growth and evolution of our business development company platform, which is an important part of our Global Private Debt business,” James Keenan, BlackRock Capital Investment Interim CEO.
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