BlackRock Capital Investment Corp
blackrockbkcc.comNo Longer Reporting
The company has not filed an annual or quarterly report since its FY2023 10-K, filed Mar 5, 2024. Its latest SEC filing is a 15-12G from Mar 28, 2024.
10-K for FY2023, filed Mar 5, 2024
The sections below describe the company as of the FY2023 annual report.
What Did They Do?
Provides debt and equity capital to middle-market companies, primarily through senior debt securities and loans, with a portfolio that may also include junior and unsecured debt.
10-K for FY2023, filed Mar 5, 2024The Company’s investment objective is to generate both current income and capital appreciation through debt and equity investments. We…View ↗
Our investment objective is to generate both current income and capital appreciation through our debt and equity investments. We invest…View ↗
Although most of our new investments are in senior secured loans to primarily U.S. private middle-market companies, our investment…View ↗
How Did They Make Money?
Earns interest and dividend income on investments when amounts are considered collectible. Upfront and exit fees are spread across a debt investment’s life; certain amendment, prepayment and broken-deal commitment fees are earned as they arise.
10-K for FY2023, filed Mar 5, 2024Interest and dividend income, including income paid in kind, is recorded on an accrual basis, when such amounts are considered collectible.…View ↗
$36.6M
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10-K for FY2023, filed Mar 5, 2024
$36.6M ↗
Who Were Their Customers?
Middle-market companies receive debt and equity capital, primarily through loans. The advisor finds investment opportunities through financial institutions, private equity firms, and relationships with company owners and managers.
10-K for FY2023, filed Mar 5, 2024The Company’s investment objective is to generate both current income and capital appreciation through debt and equity investments. We…View ↗
Proven transaction sourcing strategy. Since the inception of operations, we have sourced and reviewed more than 7,200 potential investments…View ↗
Although most of our new investments are in senior secured loans to primarily U.S. private middle-market companies, our investment…View ↗
Did Revenues Turn Into Profits?
Yes. It kept 72 cents of every revenue dollar as net income in FY2023.
10-K for FY2023, filed Mar 5, 2024
10-K for FY2023, filed Mar 5, 2024
$26.2MView ↗
How Were They Changing?
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Mar 18, 2024
TCPC completed its merger with BlackRock Capital Investment
The company merged into TCPC’s subsidiary, its separate existence ended, and Nasdaq trading was halted.
Sources
8-K, filed Mar 18, 2024
On March 18, 2024, BlackRock TCP Capital Corp., a Delaware corporation (“TCPC”), completed its previously announced acquisition of…View ↗
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