U.S. Prosecutors Review Valuation Practices at BlackRock Private-Credit Fund
Federal prosecutors are examining valuation practices at BlackRock TCP Capital Corp. after the private-credit fund surprised investors with a sharp write-down of its loan portfolio earlier this year. The U.S. Department of Justice investigation has included questioning of executives. The scrutiny was reported by multiple outlets on May 16, 2026.
Financial TimesU.S. federal prosecutors are scrutinising BlackRock TCP Capital Corp. and examining valuation practices at the firm, according to reports on Saturday. Wall Street’s top cops are looking into the practices at BlackRock TCP Capital Corp.
As part of a broader probe into a BlackRock private-credit fund. U.S. DOJ. Part of the BlackRock private credit fund investigation has involved bringing in executives for questioning.
Federal prosecutors are probing a BlackRock private-credit fund that surprised investors with a sharp write-down of its loan portfolio earlier this year, according to people familiar with the matter.
U.S. President. The current date is 2026-05-16. 's prominent role in private credit markets. Prosecutors have not publicly detailed the scope or potential violations under review. Executives summoned for questioning have not been identified in available reporting.
Key Facts
Story Timeline
2 events- 2026-05-16
Multiple outlets report that U.S. federal prosecutors are scrutinising BlackRock TCP Capital Corp. and that the U.S. DOJ is investigating valuations at a BlackRock private credit fund, including executive questioning.
3 sourcesFinancial Times · disclosetv · Wall Street Journal - 2026 (earlier this year)
BlackRock private-credit fund surprised investors with a sharp write-down of its loan portfolio.
1 sourceWall Street Journal
Potential Impact
- 01
Possible further executive interviews or requests for internal documents.
- 02
Increased regulatory scrutiny on private credit valuation methods across the industry.
- 03
Potential reputational effects on BlackRock TCP Capital Corp. and its parent.
Transparency Panel
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