Class action filed against BlackRock TCP Capital over alleged NAV overstatement and portfolio valuation issues.

The Portnoy Law Firm has announced a class action lawsuit on behalf of investors in BlackRock TCP Capital Corp. who bought securities between November 6, 2024, and January 23, 2026. The lawsuit alleges that BlackRock TCP misrepresented the valuation of its investments and understated unrealized losses, leading to an overstated net asset value (NAV). Key disclosures in February 2025 and January 2026 revealed significant declines in NAV and increased non-accrual portfolio companies, causing sharp drops in the stock price. Investors have until April 6, 2026, to file lead plaintiff motions to pursue claims for losses.