Rosen Law Files Class Action Alleging BlackRock TCP Capital Misstated Valuations and NAV

Allegations Target TCP Capital’s Valuation and NAV Practices

Rosen Law Firm files a class action on behalf of purchasers of BlackRock TCP Capital Corp. securities, alleging the business development company misleads investors about the valuation of its credit investments and the quality of its portfolio. The complaint, filed on Feb. 16, 2026, covers purchases between Nov. 6, 2024 and Jan. 23, 2026 and asserts defendants make materially false or misleading statements and omit adverse facts about the firm’s business, operations and prospects.

Central to the suit are claims that TCP Capital does not timely or appropriately value investments and that portfolio‑restructuring efforts fail to resolve challenged credits or improve overall portfolio quality. Rosen contends these practices lead to understated unrealized losses and an overstated net asset value (NAV), rendering public assurances about financial condition and performance misleading. The complaint seeks to hold company directors and officers accountable for disclosures that investors relied upon when buying securities during the class period.

The litigation highlights governance and valuation issues that commonly confront nonbank lenders and business development companies, which rely on fair-value estimates and internal credit workouts to report NAV to investors. Rosen Law says the suit will pursue recovery on behalf of the class, arguing that accurate valuation and transparent reporting are critical to investor protections given the opaque nature of private credit and special‑situation portfolios.

Lead Plaintiff Deadline and How Investors Join

Investors who purchased TCP Capital securities during the specified class period may move for lead plaintiff status by Apr. 6, 2026. Interested parties can submit claims or obtain more information through Rosen’s online form, by calling 866‑767‑3653, or emailing [email protected].

Rosen Law’s Experience and Contingency Terms

Rosen Law promotes a securities practice with numerous high‑profile recoveries and says it advances costs on a contingency fee basis, meaning eligible investors could pursue claims without out‑of‑pocket legal fees. The firm urges investors to consider counsel with experience leading complex securities actions as the case proceeds.