On August 31, 2026, Philip Tseng resigned from his positions as a Director, Chair of the Board of Directors (the “Board”), Chief Executive Officer (“CEO”), and Co-Chief Investment Officer of BlackRock TCP Capital Corp. (the “Company”), BlackRock Private Credit Fund (“BDEBT”) and BlackRock Direct Lending Corp. (“BDLC”), each effective as of the close of business on August 31, 2026, to pursue other business opportunities outside of BlackRock, Inc., and entered into an agreement regarding the terms and timing of his separation from BlackRock, Inc. Mr. Tseng’s resignation is not the result of any disagreement with the Company, BDEBT, BDLC, or with BlackRock, Inc. Mr. Tseng will continue to serve as an employee of BlackRock, Inc. until October 1, 2026 in order to ensure the smooth transition of his responsibilities.
On September 2, 2026, the Board appointed Jason Mehring as a Director, Chair of the Board, and CEO of the Company, with the appointments each effective as of September 2, 2026. Mr. Mehring will serve in these positions until his resignation or removal by the Board. Mr. Mehring was also appointed to serve as Trustee/Director, Chair of the Board, and CEO of BDEBT and BDLC, each effective as of September 2, 2026.
Effective as of September 2, 2026, the Board appointed Dan Worrell to the position of President of the Company, moving from his previous position of Co-Chief Investment Officer. Mr. Worrell was also appointed to the position of President, from his previous position of Co-Chief Investment Officer, for each of BDEBT and BDLC, each effective as of September 2, 2026.Effective as of September 2, 2026, the Board appointed Dan Worrell to the position of President of the Company, moving from his previous position of Co-Chief Investment Officer. Mr. Worrell was also appointed to the position of President, from his previous position of Co-Chief Investment Officer, for each of BDEBT and BDLC, each effective as of September 2, 2026.
