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(iLobby) (Canada) First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 2.88% Cash + 3.38% PIK Total Coupon 10.41% Maturity 9/30/20302025-09-300001370755Debt Investments Healthcare Providers and Services PHC Buyer, LLC (Patriot Home Care) First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 6.00% Total Coupon 10.20% Maturity 5/4/20282025-09-300001370755us-gaap:FairValueInputsLevel3Membertcpc:BankDebtMembersrt:WeightedAverageMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:IncomeApproachValuationTechniqueMember2024-12-310001370755Debt Investments Diversified Consumer Services Infinite Commerce Holdings LLC (Razor) 2nd Lien 3B Term Loan Ref Fixed Floor 0.00% Spread 15.00% PIK Total Coupon 15.00% Maturity 12/20/20292025-09-300001370755Debt Investments Insurance EBS Parent Holdings Inc. (The Difference Card) First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.00% Total Coupon 9.00% Maturity 7/1/20322025-09-3000013707552025-04-012025-06-300001370755tcpc:SBADebenturesMembertcpc:TwoThousandAndTwentyOneSeptemberTwentyTwoMember2024-12-310001370755tcpc:UtilidataIncMembertcpc:SeriesATwoPreferredStockMember2024-01-012024-12-310001370755us-gaap:BaseRateMembertcpc:MergerSubFacilityMembersrt:MaximumMember2025-09-300001370755Equity Securities Construction & Engineering Homerenew Buyer (Renovo)Inc. Class A Preferred Units2025-09-300001370755tcpc:SEPEigerBidCoLtdBeqomSwitzerlandMember2025-01-012025-09-300001370755us-gaap:FairValueInputsLevel3Membertcpc:IndependentThirdPartyValuationMemberus-gaap:EquitySecuritiesMember2025-09-300001370755Debt Investments Internet Software and Services Bynder Bidco, Inc. (Netherlands) First Lien Term Loan A Ref SOFR(S) Floor 1.00% Spread 6.00% Total Coupon 10.14% Maturity 1/26/20292025-09-300001370755tcpc:WharfStreetRatingAcquisitionLLCKBRAOneMember2025-01-012025-09-300001370755Debt Investments Construction and Engineering LJ Avalon Holdings, LLC (Ardurra) First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 5.00% Total Coupon 9.53% Maturity 2/1/20302024-12-310001370755tcpc:DouglasHoldingsIncDocupaceOneMember2025-09-300001370755tcpc:ITServicesMemberus-gaap:DebtSecuritiesMember2024-12-310001370755us-gaap:InvestmentAffiliatedIssuerControlledMember2025-07-012025-09-300001370755tcpc:G-3ApolloAcquisitionCorpApprissRetailMember2025-01-012025-09-300001370755Controlled Affiliates, 36th Street Capital Partners Holdings, LLC, Senior Note, 12%, due 11/30/252024-01-012024-12-3100013707552024-04-012024-06-300001370755Debt Investments Textiles, Apparel and Luxury Goods PSEB, LLC (Eddie Bauer) First Lien Incremental Term Loan Ref SOFR(S) Floor 1.00% Spread 6.75% Total Coupon 11.49% Maturity 12/30/20262024-12-310001370755Debt Investments Commercial Services & Supplies Modigent, LLC (Pueblo) First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 0.75% Spread 6.50% Total Coupon 10.83% Maturity 8/23/20282024-12-310001370755Non-Controlled Affiliates, SellerX Preferred Non Convertible Shares Series Z2025-09-300001370755tcpc:G-3ApolloAcquisitionCorpApprissRetailOneMember2025-01-012025-09-300001370755tcpc:AnnualPercentageRateAPRMemberus-gaap:UnsecuredDebtMembertcpc:TwoThousandTwentyFourNotesMember2019-08-232019-08-230001370755us-gaap:FairValueInputsLevel3Membertcpc:MeasurementInputImpliedVolatilityMembersrt:MinimumMemberus-gaap:ValuationTechniqueOptionPricingModelMemberus-gaap:EquitySecuritiesMember2024-12-310001370755Debt Investments Diversified Financial Services Accuserve Solutions, Inc. First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 5.25% Total Coupon 9.48% Maturity 3/15/20302025-09-300001370755us-gaap:FairValueInputsLevel3Membertcpc:BankDebtMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:IncomeApproachValuationTechniqueMember2024-12-310001370755Debt Investments Hotels, Restaurants and Leisure OCM Luxembourg Baccarat BidCo S.À R.L. (Interblock) (Slovenia) Second Lien Term Loan Ref SOFR(Q) Floor 2.00% Spread 6.25% Total Coupon 10.69% Maturity 6/3/20272024-12-310001370755us-gaap:FinancialServicesSectorMemberus-gaap:EquitySecuritiesMember2025-09-300001370755Equity Securities Internet Software and Services Domo, Inc. Warrants to Purchase Class B Common Stock Expiration 2/17/20282025-09-300001370755Debt Investments Software Zendesk Inc. Sr Secured Revolver Ref SOFR(Q) Floor 0.75% Spread 5.00% Total Coupon 9.33% Maturity 11/22/20282024-12-310001370755tcpc:IntegrateComIncMember2025-01-012025-09-300001370755tcpc:TwoThousandTwentySixNotesMemberus-gaap:UnsecuredDebtMember2021-08-270001370755Debt Investments Health Care Technology ESO Solutions, Inc. Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 6.75% Total Coupon 10.95% Maturity 5/3/20272025-09-300001370755Debt Investments Construction and Engineering Vortex Companies, LLC First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 5.00% Total Coupon 9.16% Maturity 9/4/2029 One2025-09-300001370755Debt Investments Insurance IT Parent, LLC First Lien Term Loan Ref SOFR(A) Floor 1.00% Spread 6.35% Total Coupon 10.60% Maturity 10/1/20262024-12-310001370755Debt Investments Internet Software and Services Spartan Bidco Pty Ltd (StarRez) (Australia). Sr Secured Revolver SOFR(M) Floor 0.75% Spread 6.90% Total Coupon 11.25% Maturity 1/24/20282024-12-310001370755tcpc:IndependentThirdPartyValuationMemberus-gaap:FairValueInputsLevel3Membertcpc:BankDebtMember2025-09-300001370755Equity Securities Internet Software and Services InMobi, Inc. (Singapore) Warrants to Purchase Common Stock Expiration 8/15/20272025-09-300001370755tcpc:S2025Q2DividendsMember2025-06-162025-06-160001370755us-gaap:FairValueInputsLevel3Membertcpc:BankDebtMemberus-gaap:MeasurementInputEbitdaMultipleMembersrt:MaximumMembertcpc:ValuationTechniqueMarketComparableCompaniesMember2024-12-310001370755tcpc:VortexCompaniesLlcOneMember2024-12-310001370755Debt Investments Building Products Trulite Holding Corp. First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 6.00% Total Coupon 10.59% Maturity 2/22/20302024-12-310001370755Debt Investments Professional Services ICIMS, Inc. First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.75% Total Coupon 10.07% Maturity 8/18/20282025-09-300001370755tcpc:BonterraLlcFkaCyberGrantsHoldingsLlcMember2024-12-310001370755Debt Investments Diversified Financial Services Rialto Management Group, LLC First Lien Term Loan Ref SOFR(M) Floor 0.75% Spread 5.00% Total Coupon 9.16% Maturity 12/5/20302025-09-300001370755Debt Investments Diversified Consumer Services Infinite Commerce Holdings LLC (Razor) 2nd Lien 2B Term Loan Ref Fixed Floor 0.00% Spread 15.00% PIK Total Coupon 15.00% Maturity 12/20/20292025-09-300001370755us-gaap:FairValueInputsLevel3Membertcpc:ValuationDesigneeMember2023-12-310001370755us-gaap:FairValueInputsLevel3Membertcpc:BankDebtMembersrt:WeightedAverageMembertcpc:MeasurementInputImpliedVolatilityMemberus-gaap:ValuationTechniqueOptionPricingModelMember2024-12-310001370755tcpc:AccordionPartnersLlcMember2025-09-300001370755us-gaap:RetailSectorMemberus-gaap:DebtSecuritiesMember2025-09-300001370755us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMembertcpc:MergerSubFacilityMembersrt:MaximumMember2025-09-300001370755Debt Investments Internet Software and Services Pluralsight, Inc. First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 12.01% PIK Total Coupon 12.01% Maturity 8/22/20292024-12-310001370755tcpc:WarrantsToPurchaseCommonStockMembertcpc:GlassPointIncMember2025-01-012025-09-300001370755Debt Investments Diversified Financial Services SitusAMC Holdings Corporation First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.60% Total Coupon 9.93% Maturity 11/30/20272024-12-310001370755tcpc:OperatingFacilityMember2021-06-232022-03-010001370755Debt Investments Insurance Integrity Marketing Acquisition, LLC First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.00% Total Coupon 9.51% Maturity 8/25/20282024-12-310001370755us-gaap:FairValueInputsLevel3Membertcpc:BankDebtMembertcpc:ValuationDesigneeMember2025-06-300001370755Equity Securities Energy Equipment and Services GlassPoint, Inc. Warrants to Purchase Common Stock Expiration 9/12/20292024-01-012024-12-310001370755tcpc:JFAcquisitionLLCJFPetroleumMember2025-01-012025-09-300001370755us-gaap:EquitySecuritiesMembertcpc:ElectricUtilitiesMember2024-12-310001370755Debt Investments Professional Services Huckabee Acquisition, LLC (MOREgroup) First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 5.25% Total Coupon 9.31% Maturity 1/16/20302025-09-300001370755Equity Securities Internet Software and Service Fishbowl, Inc. Common Membership Units2025-09-300001370755Debt Investments Healthcare Providers and Services RecordXTechnologies, LLC (Ontellus) First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 5.25% Total Coupon 9.58% Maturity 5/20/20302024-12-310001370755Debt Investments Software Nvest, Inc. (SigFig) First Lien Term Loan Ref SOFR(S) Floor 1.00% Spread 7.50% Total Coupon 11.78% Maturity 9/15/20262025-09-300001370755us-gaap:PreferredStockMembertcpc:INHBuyerIncIMAHealthOneMember2024-01-012024-12-310001370755us-gaap:FairValueInputsLevel3Membertcpc:MeasurementInputBookValueMultiplesMembersrt:WeightedAverageMemberus-gaap:EquitySecuritiesMembertcpc:ValuationTechniqueMarketComparableCompaniesMember2024-12-310001370755us-gaap:PreferredStockMembertcpc:KellermeyerBergensonsServicesLLCMember2024-01-012024-12-310001370755Non-Controlled Affiliates, Hylan Global LLC, Parent Common Units2025-01-012025-09-300001370755us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMembertcpc:MergerSubFacilityMember2025-01-012025-09-300001370755tcpc:ZendeskIncOneMember2024-12-310001370755tcpc:EmeraldTechnologiesUSAcquisitionCoIncMember2025-01-012025-09-300001370755Debt Investments Aerospace & Defense Skydio, Inc First Lien Delayed Draw Term Loan A Ref SOFR(M) Floor 2.50% Spread 2.75% + 2.75 PIK Total Coupon 9.82% Maturity 12/4/20292025-09-300001370755Debt Investments IT Services Intercept Bidco, Inc. First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 6.00% Total Coupon 10.47% Maturity 6/3/20302024-12-310001370755Equity Securities Electric Utilities Utilidata, Inc. Series A-2 Preferred Stock2025-09-300001370755us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMembertcpc:OperatingFacilityMembersrt:MaximumMember2023-06-150001370755Controlled Affiliates, Fishbowl INC., Common Membership Units2025-01-012025-09-300001370755tcpc:TwoThousandTwentyTwoConvertibleNotesMember2020-12-310001370755tcpc:DeeplSeOneMember2025-09-300001370755tcpc:StonebridgeCompaniesLLCMember2025-09-300001370755Debt Investments Hotels, Restaurants and Leisure Stonebridge Companies, LLC First Lien Term Loan Ref SOFR(M) Floor 0.75% Spread 5.00% Total Coupon 9.16% Maturity 5/16/20312025-09-300001370755tcpc:SoundCloudLtdMembertcpc:WarrantsToPurchasePreferredStockMember2024-01-012024-12-310001370755Debt Investments Internet Software and Services Domo, Inc. First Lien PIK Term Loan Ref Fixed Floor 0.00% Spread 9.50% PIK Total Coupon 9.50% Maturity 8/19/20282025-09-300001370755Debt Investments Professional Service JobandTalent USA, Inc. (United Kingdom) First Lien Delayed Draw Term Loan (5.0% Exit Fee) Ref SOFR(M) Floor 1.00% Spread 7.00% PIK Total Coupon 11.16% Maturity 10/13/2028 Two2025-09-300001370755tcpc:HuckabeeAcquisitionLLCMoregroupMember2025-09-300001370755us-gaap:FinancialServicesSectorMemberus-gaap:EquitySecuritiesMember2024-12-310001370755Debt Investments Software Fusion Risk Management, Inc. First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 3.00% Cash + 3.25% PIK Total Coupon 11.08% Maturity 5/22/20292024-12-310001370755Debt Investments Software Elastic Path Software, Inc. (Canada) First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 1.00% Spread 7.76% Total Coupon 11.96% Maturity 1/6/20262025-09-300001370755tcpc:VortexCompaniesLlcOneMember2025-09-300001370755Debt Investments Automobiles ALCV Purchaser, Inc. (AutoLenders) Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 7.01% Total Coupon 11.01% Maturity 2/25/20262025-09-300001370755tcpc:BynderBidcoIncNetherlandsMember2025-01-012025-09-300001370755Debt Investments Paper and Forest Products FSK Pallet Holding Corp. (Kamps) First Lien Term Loan Ref SOFR(Q) Floor 1.25% Spread 6.65% Total Coupon 10.98% Maturity 12/23/20262025-09-300001370755Debt Investments Internet Software and Services Persado, Inc. First Lien Term Loan (6.575% Exit Fee) SOFR(M) Floor 1.80% Spread 7.50% Total Coupon 12.05% Maturity 6/10/20272024-12-310001370755Controlled Affiliates, AutoAlert, LLC, Senior Secured 1st Lien Term Loan, SOFR + 5.4%, 1% SOFR Floor, PIK toggle, due 3/31/282024-01-012024-12-310001370755Debt Investments Media NEP Group, Inc. et al First Lien Term Loan (2.0% Exit Fee) Ref SOFR(M) Floor 1.00% Spread 3.36% Cash + 1.50% PIK Total Coupon 9.22% Maturity 8/19/20262024-12-310001370755Equity Securities Media SoundCloud, Ltd. (United Kingdom) Warrants to Purchase Preferred Stock Expiration 4/29/20252024-12-310001370755tcpc:FundingFacilityIIMember2023-02-280001370755Debt Investments Software Bonterra LLC (fka CyberGrants Holdings, LLC) First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 7.00% Total Coupon 11.43% Maturity 9/8/20272024-12-310001370755srt:MinimumMembertcpc:PubliclyTradedCompanyMember2024-12-310001370755Controlled Affiliates, Kawa Solar Holdings Limited, Ordinary Shares2025-01-012025-09-300001370755us-gaap:InterestRateSwapMember2024-07-012024-09-300001370755us-gaap:FairValueInputsLevel3Membertcpc:ValuationDesigneeMembertcpc:OtherCorporateDebtMember2024-06-300001370755tcpc:WorldremitGroupLimitedMembertcpc:WarrantsToPurchaseSeriesEStockMember2025-01-012025-09-300001370755Controlled Affiliates, Gordon Brothers Finance Company, Unsecured Term Loan, SOFR +11%, 1% SOFR Floor, due 10/31/20212025-01-012025-09-300001370755Equity Securities Chemicals AGY Equity, LLC Class B Preferred Stock2025-09-300001370755Debt Investments Professional Service JobandTalent USA, Inc. 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First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 1.00% Spread 5.25% Total Coupon 10.03% Maturity 3/15/20302024-12-310001370755Equity Securities Diversified Consumer Services Infinite Commerce Holdings LLC (Razor) Series A Preferred Units2025-09-300001370755tcpc:SBADebenturesMember2022-12-310001370755us-gaap:FairValueInputsLevel3Membertcpc:BankDebtMemberus-gaap:MeasurementInputEbitdaMultipleMembertcpc:ValuationTechniqueMarketComparableCompaniesMember2024-12-310001370755Controlled Affiliates, AutoAlert, LLC, Senior Secured 2nd Lien Term Loan, SOFR + 9.4%, 1% SOFR Floor, PIK toggle, due 3/31/292024-01-012024-12-310001370755us-gaap:CommonStockMember2024-03-3100013707552025-06-300001370755Debt Investments Road and Rail Motive Technologies, Inc. (Keep Trucking) First Lien Incremental Term Loan 1 (1.0% Exit Fee) Ref SOFR(M) Floor 1.00% Spread 7.36% Total Coupon 11.53% Maturity 4/8/20272025-09-300001370755Non-Controlled Affiliates, HomeRenew Buyer,INC, Senior Secured Super Priority Term Loan, SOFR + 9.5%, 2.5% SOFR Floor, due 4/14/302024-12-310001370755tcpc:S2025Q2DividendsMember2025-06-302025-06-300001370755Debt Investments Internet Software and Services Fishbowl, Inc. First Lien Term Loan (7.5% Exit Fee) Ref SOFR(Q) Floor 1.00% Spread 5.26% PIK Total Coupon 9.26% Maturity 5/27/20272025-09-300001370755Non-Controlled Affiliates, Vingil Holding 2 S. à r.l. (SellerX) Common Shares2024-12-310001370755us-gaap:FairValueInputsLevel3Membertcpc:ValuationDesigneeMembertcpc:BankDebtMember2025-09-300001370755Non-Controlled Affiliates, TVG-Edmentum Holdings, LLC, Series C-2 Preferred Units2025-09-300001370755us-gaap:ShareBasedCompensationAwardTrancheTwoMembertcpc:TwoThousandTwentyFiveNotesMember2024-12-310001370755Debt Investments Software Logicmonitor, Inc Sr Secured Revolver Ref SOFR(Q) Floor 0.75% Spread 5.50% Total Coupon 9.99% Maturity 11/19/20312024-12-310001370755tcpc:BynderBidcoIncNetherlandsMember2025-09-3000013707552020-12-310001370755Debt Investments IT Services Avalara, Inc. Sr Secured Revolver Ref SOFR(Q) Floor 0.75% Spread 6.25% Total Coupon 10.58% Maturity 10/19/20282024-12-310001370755tcpc:SBADebenturesMember2021-12-310001370755us-gaap:ContainerAndPackagingSectorMemberus-gaap:DebtSecuritiesMember2025-09-300001370755Equity Securities Diversified Consumer Services SellerX Germany GMBH & Co. KG (Germany) Common Shares2025-09-300001370755tcpc:WarrantsToPurchaseSeriesDPreferredStockMembertcpc:QuoraIncMember2024-01-012024-12-310001370755tcpc:ApplauseAppQualityIncMember2025-09-300001370755Debt Investments Specialty Retail Hanna Andersson, LLC First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 6.35% Total Coupon 10.66% Maturity 7/2/20262025-09-300001370755tcpc:PlaypowerIncMember2025-01-012025-09-300001370755us-gaap:EquitySecuritiesMembertcpc:SoftwareMember2025-09-300001370755Debt Investments Media Streamland Media Midco LLC First Out Term Loan Ref SOFR(Q) Floor 1.00% Spread 1.00% Cash + 4.50% PIK Total Coupon 9.76% Maturity 3/31/20292025-09-300001370755Controlled Affiliates, Fishbowl INC., Common Membership Units2025-09-300001370755Debt Investments Internet Software and Services e-Discovery Acquireco, LLC (Reveal) First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 6.00% Total Coupon 10.20% Maturity 8/23/20292025-09-300001370755tcpc:TwoThousandTwentySixNotesMember2024-12-310001370755us-gaap:FairValueInputsLevel3Membersrt:MinimumMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:EquitySecuritiesMembertcpc:ValuationTechniqueMarketComparableCompaniesMember2024-12-310001370755Controlled Affiliates, Kawa Solar Holdings Limited, Ordinary Shares2024-01-012024-12-310001370755Debt Investments Textiles, Apparel and Luxury Goods James Perse Enterprises, Inc. First Lien Term Loan Ref SOFR(A) Floor 1.00% Spread 6.25% Total Coupon 10.31% Maturity 9/8/20272025-09-300001370755tcpc:GreyOrangeInternationalIncMembertcpc:WarrantsToPurchaseCommonStockMember2024-01-012024-12-310001370755Equity Securities Capital Markets Pico Quantitative Trading Holdings, LLC Warrants to Purchase Membership Units Expiration 2/7/20302025-01-012025-09-300001370755tcpc:TwoThousandTwentySixNotesMemberus-gaap:UnsecuredDebtMember2022-01-012022-12-310001370755Debt Investments Professional Service Lighthouse Parent Holdings, Inc (Aperture) Sr Secured Revolve Ref SOFR(Q) Floor 0.75% Spread 5.00% Total Coupon 9.26% Maturity 12/20/20312025-09-300001370755us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputRevenueMultipleMembersrt:MaximumMemberus-gaap:EquitySecuritiesMembertcpc:ValuationTechniqueMarketComparableCompaniesMember2025-09-300001370755srt:MinimumMembertcpc:SBADebenturesMember2024-01-012024-12-310001370755tcpc:SBADebenturesMembertcpc:TwoThousandAndEighteenSeptemberNineteenMember2025-09-300001370755Debt Investments Software G-3 Apollo Acquisition Corp (Appriss Retail) First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 1.00% Spread 5.00% Total Coupon 9.07% Maturity 3/10/20312025-09-300001370755tcpc:ZendeskIncOneMember2025-01-012025-09-300001370755us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMembertcpc:FundingFacilityIIMember2023-02-280001370755Non-Controlled Affiliates, HomeRenew Buyer,INC, Senior Secured Priority Term Loan, SOFR + 7.00%, 2.5% SOFR Floor, due 4/14/302024-12-310001370755us-gaap:InvestmentUnaffiliatedIssuerMember2024-07-012024-09-300001370755Equity Securities Diversified Financial Services Worldremit Group Limited (United Kingdom) Series X Shares2024-12-310001370755Controlled Affiliates, Gordon Brothers Finance Company, Common Stock2024-12-310001370755Non-Controlled Affiliates, Homerenew Buyer, Inc. (Renovo), Class B-1 Preferred Units2025-01-012025-09-300001370755tcpc:O2024Q3DividendsMember2024-08-070001370755tcpc:PicoQuantitativeTradingHoldingsLLCMembertcpc:WarrantsToPurchaseMembershipUnitsMember2024-01-012024-12-310001370755us-gaap:RetainedEarningsMember2024-04-012024-06-300001370755us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputExpectedTermMember2025-01-012025-09-300001370755Equity Securities Internet Software and Services Foursquare Labs, Inc. Warrants to Purchase Series E Preferred Stock Expiration 5/4/20272025-09-300001370755us-gaap:FairValueInputsLevel3Membertcpc:ValuationDesigneeMemberus-gaap:EquitySecuritiesMember2025-06-300001370755Debt Investments Construction and Engineering Homerenew Buyer, Inc. (Renovo) First Lien Term Loan Ref SOFR(M) Floor 2.50% Spread 11.10% PIK Total Coupon 15.44% Maturity 3/13/20252024-12-310001370755us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMembertcpc:FundingFacilityIIMember2024-12-310001370755us-gaap:FairValueInputsLevel3Membertcpc:BankDebtMembersrt:MinimumMemberus-gaap:MeasurementInputEbitdaMultipleMembertcpc:ValuationTechniqueMarketComparableCompaniesMember2025-09-300001370755Equity Securities Diversified Consumer Services SellerX Germany GMBH & Co. KG (Germany) Warrants to Purchase Preferred New Super Senior Shares Expiration 7/25/20302024-12-310001370755tcpc:TwoThousandTwentyTwoNotesMember2020-12-310001370755Equity Securities Internet Software and Services InMobi, Inc. (Singapore) Warrants to Purchase Series E Preferred Stock Expiration 12/18/20252025-09-300001370755tcpc:OperatingFacilityMember2020-12-310001370755tcpc:OneMonthContractsMemberus-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember2024-08-012024-08-010001370755tcpc:IntegrateComIncMember2024-12-310001370755tcpc:AccordionPartnersLlcOneMember2025-01-012025-09-300001370755srt:MaximumMemberus-gaap:InvestmentAffiliatedIssuerNoncontrolledMember2025-09-300001370755Debt Investments Software Aras Corporation First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 5.25% Total Coupon 9.58% Maturity 4/13/20292024-12-310001370755tcpc:OperatingFacilityMember2018-12-310001370755Equity Securities Internet Software and Services SnapLogic, Inc. Warrants to Purchase Series Preferred Stock Expiration 3/19/20282025-09-300001370755us-gaap:InvestmentAffiliatedIssuerControlledMembersrt:MaximumMember2024-12-310001370755Controlled Affiliates, AutoAlert, LLC, Senior Secured 1st Lien Term Loan, SOFR + 5.4%, 1% SOFR Floor, PIK toggle, due 3/31/282023-12-310001370755tcpc:O2025Q3DividendsMember2025-08-072025-08-070001370755tcpc:DouglasHoldingsIncDocupaceThreeMember2025-01-012025-09-300001370755Debt Investments Internet Software and Services Bynder Bidco ,B.V. (Netherlands) Sr Secured Revolver B Ref SOFR(Q) Floor 1.00% Spread 6.00% Total Coupon 10.62% Maturity 1/26/20292024-12-310001370755tcpc:InterceptBidcoIncMember2024-12-310001370755Debt Investments Software GTY Technology Holdings Inc. First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 0.75% Spread 2.50% Cash + 4.125% PIK Total Coupon 10.63% Maturity 7/9/20292025-09-300001370755Equity Securities Software Grey Orange International Inc. Warrants to Purchase Common Stock Expiration 5/6/20322024-01-012024-12-310001370755Debt Investments Software Bluefin Holding, LLC (Allvue) First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 6.25% Total Coupon 10.64% Maturity 9/12/20292024-12-310001370755us-gaap:ConsumerSectorMemberus-gaap:EquitySecuritiesMember2024-12-310001370755tcpc:ZendeskIncMember2025-09-300001370755srt:MinimumMember2019-02-082025-03-310001370755tcpc:SBADebenturesMembertcpc:TwoThousandAndSeventeenSeptemberTwentyMember2025-01-012025-09-300001370755tcpc:TwoThousandTwentyTwoNotesMember2018-12-310001370755Controlled Affiliates, Anacomp, Inc., Class A Common Stock2024-12-310001370755Controlled Affiliates, Fishbowl INC., Common Membership Units2024-12-310001370755us-gaap:FairValueInputsLevel3Membertcpc:MeasurementInputBookValueMultiplesMembersrt:MaximumMemberus-gaap:EquitySecuritiesMembertcpc:ValuationTechniqueMarketComparableCompaniesMember2024-12-310001370755tcpc:PaperAndForestProductsMemberus-gaap:DebtSecuritiesMember2025-09-300001370755Controlled Affiliates, Conventional Lending TCP Holdings, LLC, Membership Units2024-12-310001370755srt:MaximumMemberus-gaap:InvestmentAffiliatedIssuerNoncontrolledMember2024-12-310001370755Debt Investments Internet Software and Services Astra Acquisition Corp. (Anthology) Second Lien Term Loan Ref Prime Floor 0.75% Spread 9.88% Total Coupon 17.13% Maturity 10/25/20292025-09-300001370755tcpc:TwoThousandTwentyFourNotesMember2019-12-310001370755us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMembertcpc:MergerSubFacilityMembersrt:MaximumMember2024-12-310001370755Debt Investments Health Care Technology Appriss Health, LLC (PatientPing) First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 4.85% Total Coupon 9.02% Maturity 5/6/20272025-09-300001370755Debt Investments Diversified Consumer Services Thras.io, LLC First Out Term Loan Ref SOFR(Q) Floor 1.00% Spread 10.26% PIK Total Coupon 14.55% Maturity 6/18/20292024-12-310001370755Debt Investments Construction and Engineering Titan Home Improvement, LLC (Renuity) First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 4.75% Total Coupon 8.95% Maturity 5/31/20302025-09-300001370755Equity Securities Internet Software and Services Domo, Inc. Warrants to Purchase Common Stock Expiration 2/17/20282024-01-012024-12-310001370755tcpc:FundingFacilityIIMember2025-09-300001370755Non-Controlled Affiliates, TVG-Edmentum Holdings, LLC, Series B-2 Common Units2024-12-310001370755Debt Investments Professional Services ICIMS, Inc. First Lien Incremental Term Loan Ref SOFR(Q) Floor 0.75% Spread 6.25% Total Coupon 10.57% Maturity 8/18/20282025-09-300001370755Debt Investments Software Kaseya, Inc. First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.50% Total Coupon 10.09% Maturity 6/25/20292024-12-310001370755Debt Investments Specialty Retail Calceus Acquisition, Inc. (Cole Haan) First Lien Term Loan Ref SOFR(Q) Floor 2.00% Spread 6.75% Total Coupon 11.08% Maturity 8/15/20282024-12-310001370755Debt Investments Internet Software and Services Pluralsight, Inc. First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 7.50% PIK Total Coupon 11.70% Maturity 8/22/20292025-09-300001370755srt:MaximumMember2024-12-310001370755us-gaap:FairValueInputsLevel3Membertcpc:MeasurementInputBookValueMultiplesMembertcpc:OtherCorporateDebtMembertcpc:ValuationTechniqueMarketComparableCompaniesMember2024-12-310001370755srt:AffiliatedEntityMember2024-12-310001370755Debt Investments Hotels, Restaurants and Leisure Stonebridge Companies, LLC Sr Secured Revolver Ref SOFR(Q) Floor 0.75% Spread 5.00% Total Coupon 9.34% Maturity 5/16/20302025-09-300001370755us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember2025-09-300001370755us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMembertcpc:MeasurementInputImpliedVolatilityMemberus-gaap:ValuationTechniqueOptionPricingModelMemberus-gaap:EquitySecuritiesMember2024-12-3100013707552019-02-080001370755Debt Investments IT Services Idera, Inc. Second Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 6.75% Total Coupon 11.47% Maturity 2/4/20292024-12-310001370755Debt Investments Aerospace & Defense Skydio, Inc First Lien Delayed Draw Term Loan B Ref SOFR(M) Floor 2.50% Spread 2.75% Cash + 2.75% PIK Total Coupon 10.02% Maturity 12/4/20292024-12-310001370755Non-Controlled Affiliates, SellerX Germany GMBH, Senior Secured First Lien Tranche A1 Term Loan, SOFR + 9%, 2% SOFR Floor, due 12/31/282025-09-300001370755tcpc:SellerXGermanyGmbhAndCoKgMember2025-01-012025-09-300001370755tcpc:ExpressWashAcquisitionCompanyLLCMember2025-09-300001370755Debt Investments Diversified Consumer Services SellerX Germany GmbH (Germany) Sr Secured Revolver Ref SOFR(Q) Floor 0.00% Spread 5.00% Total Coupon 9.57% Maturity 10/28/20262024-12-310001370755Debt Investments Machinery Sonny’s Enterprises, LLC Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 5.65% Total Coupon 9.64% Maturity 8/5/20272025-09-300001370755tcpc:FundingFacilityIIMember2021-12-310001370755tcpc:TitanHomeImprovementLlcRenuityMember2025-01-012025-09-300001370755Debt Investments Insurance Integrity Marketing Acquisition, LLC First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.00% Total Coupon 9.20% Maturity 8/25/20282025-09-300001370755Debt Investments IT Services Serrano Parent, LLC (Sumo Logic) First Lien Term Loan Ref SOFR(S) Floor 1.00% Spread 6.50% Total Coupon 10.71% Maturity 5/12/20302025-09-3000013707552025-03-310001370755tcpc:MBSParentLLCMembersrt:PartnershipInterestMember2025-01-012025-09-300001370755Debt Investments Construction and Engineering Homerenew Buyer, Inc. (Renovo) First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 0.00% Spread 9.65% PIK Total Coupon 13.65% Maturity 4/14/20302025-09-300001370755Debt Investments IT Services Serrano Parent, LLC (Sumo Logic) Sr Secured Revolver Ref SOFR(S) Floor 1.00% Spread 6.50% Total Coupon 10.71% Maturity 5/12/20302025-09-300001370755Equity Securities Diversified Consumer Services TVG-Edmentum Holdings, LLC Series C-2 Preferred Units Ref Fixed Total Coupon 15.00%2024-12-310001370755us-gaap:FairValueInputsLevel1Memberus-gaap:EquitySecuritiesMember2024-12-310001370755us-gaap:RetainedEarningsMember2025-07-012025-09-300001370755Equity Securities Diversified Consumer Services Infinite Commerce Holdings LLC (Razor) Series A-3 Preferred Units2025-09-300001370755Debt Investments Software GTY Technology Holdings Inc. Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 2.58% Cash + 4.30% PIK Total Coupon 11.21% Maturity 7/9/20292024-12-310001370755us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMemberus-gaap:EquitySecuritiesMembersrt:MaximumMembertcpc:MeasurementInputEBITDARevenueMultipleMember2024-12-310001370755Equity Securities Internet Software and Services Domo, Inc. Warrants to Purchase Class B Common Stock Expiration 2/17/20282024-01-012024-12-310001370755Debt Investments Software Bonterra LLC (fka CyberGrants Holdings, LLC) First Lien Incremental Term Loan Ref SOFR(Q) Floor 0.75% Spread 7.75% PIK Total Coupon 12.08% Maturity 9/27/20272024-12-310001370755Equity Securities Pharmaceuticals Inotiv, Inc. Common Stock2024-12-310001370755Equity Securities Diversified Financial Services Gordon Brothers Finance Company Preferred Stock Ref Fixed Total Coupon 13.50%2025-09-300001370755Debt Investments Specialty Retail Hanna Andersson, LLC First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 6.35% Total Coupon 10.71% Maturity 7/2/20262024-12-3100013707552025-09-300001370755Controlled Affiliates, Gordon Brothers Finance Company, Preferred Stock2025-01-012025-09-300001370755tcpc:TwoThousandTwentyFiveNotesMemberus-gaap:UnsecuredDebtMemberus-gaap:ShareBasedCompensationAwardTrancheOneMember2024-03-182024-03-180001370755tcpc:TwoThousandTwentyFiveNotesMemberus-gaap:UnsecuredDebtMembertcpc:BlackrockCapitalInvestmentCorporationMember2025-07-312025-07-310001370755Debt Investments Construction and Engineering Homerenew Buyer, Inc. (Renovo) First Lien Term Loan Ref SOFR(M) Floor 2.50% Spread 9.10% PIK Total Coupon 13.54% Maturity 3/13/20252024-12-310001370755Debt Investments Diversified Financial Services 36th Street Capital Partners Holdings, LLC Senior Note Ref Fixed Floor 12.00% Spread 0.00% Total Coupon 12.00% Maturity 11/30/20252025-09-300001370755Equity Securities Diversified Consumer Services SellerX Germany GMBH & Co. KG (Germany) Warrants to Purchase Preferred New Super Senior Shares Expiration 7/25/20302024-01-012024-12-310001370755tcpc:PluralsightIncMember2025-09-300001370755Debt Investments Insurance Peter C. Foy & Associates Insurance Services, LLC (PCF Insurance) First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.50% Total Coupon 9.83% Maturity 11/1/20282024-12-310001370755Debt Investments Media NEP Group, Inc. et al Second Lien Term Loan Ref SOFR(M) Spread 7.00% Total Coupon 11.47% Maturity 10/19/20262024-12-310001370755tcpc:IndependentThirdPartyValuationMemberus-gaap:FairValueInputsLevel3Member2025-01-012025-09-300001370755Debt Investments Life Sciences Tools & Services Alcami Corporation First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 7.15% Total Coupon 11.35% Maturity 12/21/20282025-09-300001370755us-gaap:CommonStockMember2024-01-012024-03-310001370755Equity Securities Diversified Financial Services Gordon Brothers Finance Company Common Stock2025-09-300001370755us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMembertcpc:BankDebtMemberus-gaap:MeasurementInputEbitdaMultipleMembertcpc:ValuationTechniqueMarketComparableCompaniesMember2025-09-300001370755Debt Investments Health Care Technology ESO Solutions, Inc. 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Warrants to Purchase Series E Preferred Stock Expiration 5/4/20272024-12-310001370755Controlled Affiliates, Gordon Brothers Finance Company, Common Stock2025-01-012025-09-300001370755Debt Investments Diversified Financial Services SitusAMC Holdings Corporation First Lien Term Loan B Ref SOFR(Q) Floor 0.75% Spread 5.60% Total Coupon 9.93% Maturity 6/28/20252024-12-310001370755us-gaap:FairValueInputsLevel1Member2024-12-310001370755tcpc:WarrantsToPurchaseSeriesDPreferredStockMembertcpc:ResearchGateCorporationMember2024-01-012024-12-310001370755tcpc:CrewlineBuyerIncMember2024-12-310001370755Debt Investments Software Zendesk Inc. First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.00% Total Coupon 9.00% Maturity 11/22/20282025-09-300001370755us-gaap:FairValueInputsLevel3Membertcpc:ValuationDesigneeMembertcpc:OtherCorporateDebtMember2023-12-310001370755Equity Securities Diversified Financial Services Worldremit Group Limited (United Kingdom) Warrants to Purchase Series D Stock Expiration 2/11/20312025-01-012025-09-300001370755Debt Investments Electrical Equipment Griffon Bidco Inc Sr Secured Revolver Ref SOFR(Q) Floor 0.75% Spread 5.00% Total Coupon 9.00% Maturity 07/31/20312025-09-300001370755Non-Controlled Affiliates, TVG-Edmentum Holdings, LLC, Series B-1 Common Units2024-12-310001370755tcpc:WarrantsToPurchaseSeriesEPreferredStockMembertcpc:FoursquareLabsIncMember2024-01-012024-12-310001370755tcpc:O2024Q1DividendsMember2024-02-292024-02-290001370755Equity Securities Capital Markets Pico Quantitative Trading Holdings, LLC Warrants to Purchase Membership Units Expiration 2/7/20302024-01-012024-12-310001370755us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:EquitySecuritiesMembertcpc:ValuationTechniqueMarketComparableCompaniesMember2025-09-300001370755HomeRenew Buyer,INC, Senior Secured First Lien Term Loan, SOFR + 6.5%, 2.5% SOFR Floor, due 4/14/302024-12-310001370755us-gaap:FairValueInputsLevel3Membertcpc:BankDebtMembertcpc:ValuationDesigneeMember2025-09-300001370755Debt Investments Diversified Financial Services 36th Street Capital Partners Holdings, LLC Senior Note Ref Fixed(Q) Spread 12.00% Total Coupon 12.00% Maturity 11/30/20252024-12-310001370755us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:IncomeApproachValuationTechniqueMemberus-gaap:EquitySecuritiesMember2025-09-300001370755us-gaap:FairValueInputsLevel3Membertcpc:IndependentThirdPartyValuationMembertcpc:BankDebtMember2025-09-300001370755us-gaap:FairValueInputsLevel3Membertcpc:ValuationDesigneeMember2024-01-012024-09-300001370755tcpc:HPSLLCMember2025-01-012025-09-300001370755us-gaap:PreferredStockMembertcpc:BlackbirdPurchaserIncOhioTransmissionCorpMember2024-01-012024-12-310001370755tcpc:WarrantsToPurchaseClassAUnitsMembertcpc:SuitedConnectorLLCSucoInvestorsLPMember2025-01-012025-09-300001370755Debt Investments Software JOBVITE, Inc. (Employ, Inc.) First Lien Last Out Term Loan Ref SOFR(Q) Floor 0.75% Spread 7.50% Total Coupon 11.73% Maturity 8/5/20282025-09-300001370755Debt Investments Internet Software and Services Oranje Holdco, Inc. (KnowBe4) First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 7.75% Total Coupon 12.32% Maturity 2/1/20292024-12-310001370755Equity Securities Household Durables Stitch Holdings, L.P. Limited Partnership/Limited Liability Company Interests2024-12-310001370755tcpc:WarrantsToPurchaseSeriesDPreferredStockMembertcpc:TradeshiftIncMember2024-01-012024-12-310001370755Debt Investments Software Thunder Purchaser, Inc. (Vector Solutions) First Lien Incremental Term Loan Ref SOFR(Q) Floor 1.00% Spread 5.40% Total Coupon 9.40% Maturity 6/30/20282025-09-300001370755us-gaap:UnsecuredDebtMembertcpc:TwoThousandTwentyFourNotesMember2024-01-012024-09-300001370755Debt Investments Semiconductors and Semiconductor Equipment Emerald Technologies (U.S.) AcquisitionCo, Inc. 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(Netherlands) Sr Secured Revolver A Ref SOFR(S) Floor 1.00% Spread 6.00% Total Coupon 10.14% Maturity 1/26/20292025-09-300001370755Debt Investments Electric Utilities Kawa Solar Holdings Limited (Conergy) (Cayman Islands) Revolving Credit Facility Ref Fixed Maturity 6/30/20252024-12-310001370755Debt Investments Professional Services ICIMS, Inc. 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(KnowBe4) Sr Secured Revolve Ref SOFR(Q) Floor 1.00% Spread 7.75% Total Coupon 12.32% Maturity 2/1/20292024-12-310001370755Debt Investments Road and Rail Motive Technologies, Inc. (Keep Trucking) First Lien Incremental Term Loan 2 (1.0% Exit Fee) Ref SOFR(M) Floor 1.00% Spread 7.36% Total Coupon 11.53% Maturity 4/8/20272025-09-300001370755tcpc:TwoThousandTwentyFourNotesMember2020-12-310001370755us-gaap:RetainedEarningsMember2025-06-300001370755tcpc:IndependentThirdPartyValuationMemberus-gaap:FairValueInputsLevel3Memberus-gaap:EquitySecuritiesMember2025-07-012025-09-300001370755Debt Investments Internet Software and Services Magenta Buyer, LLC (McAfee) Second Lien Second Out Term Loan Ref SOFR(Q) Floor 0.75% Spread 1.76% Cash + 6.25% PIK Total Coupon 12.60% Maturity 7/27/20282024-12-310001370755Equity Securities Internet Software and Services Domo, Inc. 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Class A Common Stock2024-12-310001370755Equity Securities Media Quora, Inc. Warrants to Purchase Series D Preferred Stock Expiration 4/11/20292024-12-310001370755us-gaap:FairValueInputsLevel3Membertcpc:MeasurementInputImpliedVolatilityMemberus-gaap:ValuationTechniqueOptionPricingModelMemberus-gaap:EquitySecuritiesMembersrt:MaximumMember2025-09-300001370755tcpc:ChronicleParentLLCMember2025-09-300001370755Debt Investments Health Care Technology Mpulse Mobile Inc. First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 4.75% Total Coupon 8.75% Maturity 8/26/20322025-09-300001370755tcpc:ArasCorporationMember2024-12-310001370755tcpc:PicoQuantitativeTradingHoldingsLLCMembertcpc:WarrantsToPurchaseMembershipUnitsMember2025-01-012025-09-300001370755tcpc:DouglasHoldingsIncDocupaceThreeMember2025-09-3000013707552023-03-310001370755Debt Investments Building Products Trulite Holding Corp. First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 6.00% Total Coupon 10.29% Maturity 3/1/20302025-09-300001370755tcpc:TwoThousandTwentyFiveNotesMemberus-gaap:UnsecuredDebtMember2025-01-012025-09-300001370755us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMemberus-gaap:EquitySecuritiesMembersrt:MaximumMemberus-gaap:MeasurementInputExpectedTermMember2025-01-012025-09-300001370755srt:MinimumMembertcpc:SBADebenturesMember2025-01-012025-09-300001370755tcpc:MBSParentLLCMembersrt:PartnershipInterestMember2024-01-012024-12-310001370755tcpc:InfiniteCommerceHoldingsLLCRazorMembertcpc:CommonUnitsMember2025-01-012025-09-300001370755tcpc:DeemedInvestmentMembersrt:MinimumMember2024-12-310001370755Controlled Affiliates, Kawa Solar Holdings Limited, Series B Preferred Shares2025-09-300001370755Debt Investments Real Estate Management and Development Greystone Select Company II, LLC (Passco) First Lien Term Loan Ref SOFR(M) Floor 1.50% Spread 6.61% Total Coupon 10.78% Maturity 3/21/20272025-09-300001370755tcpc:SBADebenturesMembertcpc:TwoThousandAndEighteenMarchTwentyOneMember2025-01-012025-09-300001370755tcpc:OtherCorporateDebtMember2024-12-310001370755Equity Securities Internet Software and Services Domo, Inc. Warrants to Purchase Class B Common Stock Expiration 2/17/2028 One2025-09-300001370755us-gaap:AerospaceSectorMemberus-gaap:DebtSecuritiesMember2024-12-310001370755Debt Investments Internet Software and Services Acquia, Inc. First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 6.15% Total Coupon 10.43% Maturity 11/1/20262025-09-300001370755us-gaap:FairValueInputsLevel3Membertcpc:MeasurementInputBookValueMultiplesMembertcpc:BankDebtMembertcpc:ValuationTechniqueMarketComparableCompaniesMember2025-09-300001370755us-gaap:FairValueInputsLevel3Membertcpc:ValuationDesigneeMembertcpc:OtherCorporateDebtMember2024-12-310001370755Debt Investments Capital Markets PMA Parent Holdings, LLC First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.25% Total Coupon 9.58% Maturity 1/31/20312024-12-310001370755srt:MinimumMember2019-02-080001370755Debt Investments Diversified Telecommunication Services Aventiv Technologies, Inc. (Securus) Second Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 1.26% Cash + 8.05% PIK Total Coupon 13.92% Maturity 10/31/20252024-12-310001370755tcpc:AmeriLifeHoldingsLLCMember2024-12-310001370755tcpc:ModigentLLCPuebloOneMember2024-12-310001370755tcpc:DeeplSeOneMember2025-01-012025-09-300001370755us-gaap:DebtInstrumentRedemptionPeriodThreeMemberus-gaap:UnsecuredDebtMember2024-03-182024-03-1800013707552022-12-310001370755Debt Investments Communications Equipment Plate Newco 1 Limited (Avanti) (United Kingdom) Subordinated E2 Term Loan Ref Fixed Spread 12.50% PIK Total Coupon 12.50% Maturity 6/30/20252024-12-310001370755tcpc:SBADebenturesMember2017-12-310001370755Debt Investments IT Services Xactly Corporation First Lien Incremental Term Loan Ref SOFR(Q) Floor 1.00% Spread 6.35% Total Coupon 10.86% Maturity 7/31/20272024-12-310001370755us-gaap:CommercialAndIndustrialSectorMemberus-gaap:EquitySecuritiesMember2025-09-300001370755us-gaap:FairValueInputsLevel3Membertcpc:MeasurementInputBookValueMultiplesMembersrt:WeightedAverageMembertcpc:OtherCorporateDebtMembertcpc:ValuationTechniqueMarketComparableCompaniesMember2024-12-310001370755Equity Securities Diversified Consumer Services MXP Prime Platform GmbH (SellerX) (Germany) Warrants to Purchase Common Stock Expiration 7/25/20302024-01-012024-12-310001370755tcpc:SBADebenturesMembertcpc:TwoThousandAndEighteenMarchTwentyOneMember2024-12-310001370755Debt Investments Diversified Financial Services GC Champion Acquisition LLC (Numerix) First Lien Delayed Draw Term Loan Ref SOFR(S) Floor 1.00% Spread 5.00% Total Coupon 9.22% Maturity 8/21/20282025-09-300001370755tcpc:TwoThousandTwentyTwoConvertibleNotesMember2019-12-310001370755Debt Investments Construction and Engineering PlayPower, Inc Sr Secured Revolver Ref SOFR(Q) Floor 0.75% Spread 5.25% Total Coupon 9.55% Maturity 8/28/20302025-09-300001370755Debt Investments Consumer Finance Money Transfer Acquisition Inc. First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 8.35% Total Coupon 12.92% Maturity 12/14/20272024-12-310001370755Debt Investments Construction and Engineering Titan Home Improvement, LLC (Renuity) First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 1.00% Spread 4.75% Total Coupon 8.95% Maturity 5/31/20302025-09-300001370755Controlled Affiliates, Kawa Solar Holdings Limited, Revolving Credit Facility, 0%, due 12/31/212023-12-310001370755srt:MinimumMember2025-09-300001370755Debt Investments Internet and Catalog Retail Syndigo, LLC First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.00% Total Coupon 9.17% Maturity 9/2/20322025-09-300001370755Debt Investments Textiles, Apparel and Luxury Goods James Perse Enterprises, Inc. First Lien Term Loan Ref SOFR(A) Floor 1.00% Spread 6.25% Total Coupon 10.31% Maturity 9/8/2027 One2025-09-300001370755us-gaap:FairValueInputsLevel3Membertcpc:ValuationDesigneeMemberus-gaap:EquitySecuritiesMember2025-09-300001370755Equity Securities Media MBS Parent, LLC Limited Partnership/Limited Liability Company Interests2024-12-310001370755us-gaap:FairValueInputsLevel3Membertcpc:IndependentThirdPartyValuationMember2024-09-300001370755tcpc:S2025Q1DividendsMember2025-03-172025-03-170001370755Equity Securities Internet Software and Services InMobi, Inc. (Singapore) Warrants to Purchase Series E Preferred Stock Expiration 10/3/20282024-12-310001370755tcpc:OperatingFacilityMembersrt:MinimumMembertcpc:LondonInterbankOfferedRateMember2021-06-220001370755tcpc:ICIMSIncMember2025-09-300001370755Debt Investments IT Services Serrano Parent, LLC (Sumo Logic) Sr Secured Revolver Ref SOFR(S) Floor 1.00% Spread 6.50% Total Coupon 10.92% Maturity 5/13/20302024-12-310001370755Debt Investments Internet Software and Services Bynder Bidco, Inc. (Netherlands) Sr Secured Revolver A Ref SOFR(Q) Floor 1.00% Spread 6.00% Total Coupon 10.62% Maturity 1/26/20292024-12-310001370755tcpc:AccuserveSolutionsIncMember2025-01-012025-09-300001370755tcpc:SparkBuyerLLCSPARKSTONEOneMember2025-09-300001370755tcpc:BynderBidcoIncNetherlandsMember2024-12-310001370755tcpc:MROParentCorporationOneMember2025-09-300001370755us-gaap:MediaContentMemberus-gaap:EquitySecuritiesMember2025-09-300001370755Debt Investments Capital Markets Wharf Street Rating Acquisition, LLC (KBRA) Sr Secured Revolver Ref SOFR(M) Floor 0.75% Spread 4.75% Total Coupon 8.91% Maturity 9/16/20322025-09-300001370755Debt Investments Life Sciences Tools & Services DNAnexus, Inc First Lien First Lien Term Loan Ref SOFR(M) Floor 3.00% Spread 5.25% Total Coupon 9.62% Maturity 12/20/20292024-12-310001370755Equity Securities Software Tradeshift, Inc. Warrants to Purchase Series D Preferred Stock Expiration 3/6/20272024-12-310001370755tcpc:RazorUsLpMembertcpc:ClassAPreferredUnitsMember2024-01-012024-12-310001370755us-gaap:FairValueInputsLevel3Membertcpc:ValuationDesigneeMember2024-09-300001370755Controlled Affiliates, AutoAlert, LLC, Senior Secured 1st Lien Term Loan, SOFR + 5.4%, 1% SOFR Floor, PIK toggle, due 3/31/282024-12-310001370755Equity Securities Diversified Consumer Services SellerX Germany GMBH & Co. KG (Germany) Warrants to Purchase Common Stock Expiration 7/25/20302024-12-310001370755Debt Investments IT Services Crewline Buyer, Inc. (New Relic) Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 6.75% Total Coupon 11.35% Maturity 11/8/20302024-12-310001370755Controlled Affiliates, Fishbowl, Inc., Senior Secured 1st Lien Term Loan, SOFR + 5%, 1% SOFR Floor, 7.50% EOT, due 05/27/20272025-01-012025-09-300001370755us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputRevenueMultipleMemberus-gaap:EquitySecuritiesMembertcpc:ValuationTechniqueMarketComparableCompaniesMember2025-09-300001370755us-gaap:FairValueInputsLevel3Membertcpc:ValuationTechniqueMarketQuotationsMembertcpc:BankDebtMembertcpc:MeasurementInputIndicativeBidAskQuotesMember2025-09-300001370755Debt Investments Internet Software and Services Sailpoint Technologies Holdings, Inc. First Lien Term Loan SOFR(Q) Floor 0.75% Spread 6.00% Total Coupon 10.52% Maturity 8/16/20292024-12-310001370755Controlled Affiliates, AutoAlert, LLC, Senior Secured 2nd Lien Term Loan, SOFR + 9.4%, 1% SOFR Floor, PIK toggle, due 3/31/292025-09-300001370755tcpc:SBADebenturesMembertcpc:TwoThousandAndSixteenMarchTwentyThreeMember2025-09-300001370755Controlled Affiliates, Kawa Solar Holdings Limited, Series B Preferred Shares2025-01-012025-09-300001370755us-gaap:FairValueInputsLevel3Membertcpc:ValuationDesigneeMember2025-07-012025-09-300001370755tcpc:GtyTechnologyHoldingsIncOneMember2025-01-012025-09-300001370755Controlled Affiliates, Conergy Asia Holdings Limited, Ordinary Shares2025-09-300001370755Debt Investments Professional Services JobandTalent USA, Inc. (United Kingdom) First Lien Term Loan (3.0% Exit Fee) Ref SOFR(M) Floor 1.00% Spread 8.86% Total Coupon 13.22% Maturity 8/17/20252024-12-310001370755Debt Investments Commercial Services & Supplies Modigent, LLC (Pueblo) First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.00% Total Coupon 9.00% Maturity 8/23/20282025-09-300001370755Equity Securities Construction & Engineering Hylan Global LLC Common Stock2025-09-300001370755Debt Investments Internet Software and Services ResearchGate GmBH (Germany) First Lien Term Loan (4.0% Exit Fee) EURIBOR(M) Spread 8.55% Total Coupon 11.49% Maturity 10/30/20252024-12-310001370755Debt Investments Software Elastic Path Software, Inc. (Canada) First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 1.00% Spread 7.76% Total Coupon 12.28% Maturity 1/6/20262024-12-3100013707552024-07-012024-09-300001370755Equity Securities Electric Utilities Kawa Solar Holdings Limited (Conergy) (Cayman Islands) Ordinary Shares2025-09-300001370755Debt Investments Software GTY Technology Holdings Inc. First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 2.50% Cash + 4.125% PIK Total Coupon 10.63% Maturity 7/9/20292025-09-300001370755tcpc:IntegrateComIncMember2025-09-300001370755Controlled Affiliates, Kawa Solar Holdings Limited, Ordinary Shares2023-12-310001370755Non-Controlled Affiliates, Hylan Intermediate Holdings II LLC, Senior Secured 1st Lien Term Loan, SOFR + 8%, 1% SOFR Floor, due 2/22/262024-01-012024-12-310001370755tcpc:FundingFacilityIIMember2024-12-310001370755Debt Investments Software Fusion Risk Management, Inc. First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 6.00% Total Coupon 10.20% Maturity 5/22/20292025-09-300001370755us-gaap:FairValueInputsLevel3Membertcpc:BankDebtMembersrt:MinimumMemberus-gaap:MeasurementInputEbitdaMultipleMembertcpc:ValuationTechniqueMarketComparableCompaniesMember2024-12-310001370755tcpc:TwoThousandTwentySixNotesMemberus-gaap:UnsecuredDebtMember2024-01-012024-09-300001370755tcpc:KellermeyerBergensonsServicesLLCMemberus-gaap:CommonStockMember2025-01-012025-09-300001370755Debt Investments Diversified Financial Services Accordion Partners LLC First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.00% Total Coupon 9.12% Maturity 11/15/20312025-09-300001370755Debt Investments Software Zilliant Incorporated First Lien Term Loan (0.5% Exit Fee) Ref SOFR(M) Floor 0.75% Spread 2.10% Cash + 5.00% PIK Total Coupon 11.26% Maturity 12/21/20272025-09-300001370755Equity Securities Diversified Consumer Services Razor US LP Class A Preferred Units Ref Fixed Total Coupon 3.00%2024-12-310001370755Debt Investments Professional Services Lighthouse Parent Holdings, Inc (Aperture) Sr Secured Revolver Ref SOFR(M) Floor 0.75% Spread 5.00% Total Coupon 9.37% Maturity 12/20/20312024-12-310001370755us-gaap:FairValueInputsLevel3Membertcpc:BankDebtMembersrt:MinimumMemberus-gaap:ValuationTechniqueOptionPricingModelMembertcpc:MeasurementInputEBITDARevenueMultipleMember2024-12-3100013707552025-01-012025-06-300001370755Debt Investments Diversified Financial Services Accordion Partners LLC First Lien Delayed Draw Term Loan A Ref SOFR(Q) Floor 0.75% Spread 5.25% Total Coupon 9.58% Maturity 11/15/20312024-12-310001370755Controlled Affiliates, AA Acquisition Aggregator, LLC, Ordinary Shares2025-09-300001370755tcpc:ExpressWashAcquisitionCompanyLLCMember2025-01-012025-09-300001370755Controlled Affiliates, 36th Street Capital Partners Holdings, LLC, Senior Note, 12%, due 11/30/252025-01-012025-09-300001370755tcpc:SBADebenturesMember2023-12-310001370755Equity Securities Internet Software and Services InMobi, Inc. (Singapore) Warrants to Purchase Common Stock Expiration 8/15/20272025-01-012025-09-300001370755tcpc:SBADebenturesMembertcpc:TwoThousandAndSixteenMarchTwentyThreeMember2024-12-310001370755Controlled Affiliates, Conventional Lending TCP Holdings, LLC, Membership Units2024-01-012024-12-310001370755Equity Securities Professional Services Anacomp, Inc. Class A Common Stock2025-09-300001370755Debt Investments Professional Service Lighthouse Parent Holdings, Inc (Aperture) First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 4.75% Total Coupon 9.07% Maturity 12/20/20312025-09-300001370755tcpc:LighthouseParentHoldingsIncApertureMember2025-09-300001370755us-gaap:FairValueInputsLevel3Membertcpc:MeasurementInputBookValueMultiplesMember2025-01-012025-09-300001370755us-gaap:FairValueInputsLevel3Membertcpc:IndependentThirdPartyValuationMember2024-12-310001370755tcpc:SerranoParentLlcSumoLogicMember2024-12-310001370755Equity Securities Paper and Forest Products 48forty Intermediate Holdings, Inc. Common Stock2024-12-310001370755Debt Investments Software Douglas Holdings, Inc (Docupace) First Lien PIK Delayed Draw Term Loan Ref SOFR(Q) Floor 1.00% Spread 5.75% Cash + 0.38% PIK Total Coupon 10.45% Maturity 8/27/20302024-12-310001370755tcpc:AGYEquityLLCMembertcpc:ClassCCommonUnitsMember2024-01-012024-12-310001370755tcpc:TwoThousandTwentySixNotesMember2024-01-012024-12-310001370755tcpc:IglooParentHoldingsLLCMembertcpc:CommonUnitsMember2025-01-012025-09-300001370755us-gaap:FairValueInputsLevel1Membertcpc:BankDebtMember2025-09-300001370755us-gaap:InterestRateSwapMember2025-01-012025-09-300001370755Equity Securities Internet Software and Services SnapLogic, Inc. Warrants to Purchase Series Preferred Stock Expiration 3/19/20282024-01-012024-12-310001370755tcpc:BlackrockCapitalInvestmentCorporationMembersrt:MaximumMember2019-02-080001370755Debt Investments Construction and Engineering LJ Avalon Holdings, LLC (Ardurra) First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 1.00% Spread 4.50% Total Coupon 8.67% Maturity 2/1/20302025-09-300001370755Debt Investments Machinery Sonny’s Enterprises, LLC Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 5.60% Total Coupon 10.05% Maturity 8/5/20272024-12-310001370755Debt Investments Software SEP Eiger BidCo Ltd. (Beqom) (Switzerland) First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 3.00%Cash + 3.50% PIK Total Coupon 11.02% Maturity 5/9/20282024-12-310001370755tcpc:TwoThousandTwentyFourNotesMember2023-12-310001370755tcpc:SonnySEnterprisesLLCMember2025-01-012025-09-300001370755us-gaap:RetainedEarningsMember2024-12-310001370755Equity Securities Diversified Financial Services Worldremit Group Limited (United Kingdom) Warrants to Purchase Series E Stock Expiration 8/17/20312025-09-300001370755Equity Securities Electric Utilities Utilidata, Inc. Series A-1 Preferred Stock2024-12-310001370755Equity Securities Electric Utilities Utilidata, Inc. Series A-1 Preferred Stock2025-09-300001370755Debt Investments Internet Software and Services Astra Acquisition Corp. (Anthology) Second Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 9.14% Total Coupon 13.47% Maturity 10/25/20292024-12-310001370755tcpc:OranjeHoldcoIncKnowbe4IncMember2025-01-012025-09-300001370755tcpc:FundingFacilityIMember2018-12-310001370755us-gaap:FairValueInputsLevel3Membertcpc:BankDebtMembertcpc:ValuationDesigneeMember2024-01-012024-09-300001370755Debt Investments IT Services Madison Logic Holdings, Inc. First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 5.59% Cash + 1.51% PIK Total Coupon 11.84% Maturity 12/29/20282024-12-310001370755Non-Controlled Affiliates, SellerX Preferred Non Convertible Shares Series Z2025-01-012025-09-300001370755tcpc:DiscoParentIncDuckCreekTechnologiesMember2025-01-012025-09-300001370755us-gaap:ShareBasedCompensationAwardTrancheTwoMembertcpc:TwoThousandTwentyFiveNotesMemberus-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberus-gaap:UnsecuredDebtMember2024-03-180001370755tcpc:S2025Q3DividendsMember2025-09-302025-09-300001370755Debt Investments Life Sciences Tools & Services DNAnexus, Inc First Lien Delayed Draw Term Loan Ref SOFR(M) Floor 3.00% Spread 5.25% Total Coupon 9.62% Maturity 12/20/20292024-12-310001370755us-gaap:FairValueInputsLevel3Membertcpc:IndependentThirdPartyValuationMembertcpc:OtherCorporateDebtMember2024-12-310001370755us-gaap:FairValueInputsLevel3Membertcpc:ValuationDesigneeMemberus-gaap:EquitySecuritiesMember2024-09-300001370755Debt Investments Internet Software and Services Bynder Bidco B.V. (Netherlands) First Lien Term Loan B Ref SOFR(S) Floor 1.00% Spread 6.00% Total Coupon 10.14% Maturity 1/26/20292025-09-300001370755Debt Investments Containers & Packaging PVHC Holding Corp. First Lien Term Loan Ref SOFR(Q) Floor 2.50% Spread 5.65% Cash + 0.75% PIK Total Coupon 10.39% Maturity 2/17/20272025-09-300001370755Non-Controlled Affiliates, Iracore International Holdings, Inc., Senior Secured 1st Lien Term Loan, SOFR + 9%, 1% SOFR Floor, due 4/12/262024-01-012024-12-310001370755tcpc:SellerXGermanyGmbHCoKgGermanyMember2025-01-012025-09-3000013707552023-07-012023-09-300001370755tcpc:HoneyIntermediateIncIlobbyCanadaMember2024-12-310001370755tcpc:SBADebenturesMembertcpc:TwoThousandAndFifteenMarchTwentyFiveMember2024-01-012024-12-310001370755Equity Securities Software Grey Orange International Inc. Warrants to Purchase Common Stock Expiration 5/6/20322025-01-012025-09-300001370755Equity Securities Commercial Services & Supplies Kellermeyer Bergensons Services, LLC Preferred Stock2025-09-300001370755Debt Investments Software Douglas Holdings, Inc (Docupace) First Lien Delayed Draw Term Loan B Ref SOFR(Q) Floor 1.00% Spread 6.13% Total Coupon 10.13% Maturity 8/27/20302025-09-300001370755tcpc:SerranoParentLlcSumoLogicMember2025-01-012025-09-300001370755Debt Investments Oil, Gas and Consumable Fuels Palmdale Oil Company, LLC First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 6.75% Total Coupon 11.23% Maturity 10/2/20292024-12-3100013707552024-01-012024-12-310001370755Debt Investments Textiles, Apparel and Luxury Goods PSEB, LLC (Eddie Bauer) First Lien Incremental Term Loan Ref SOFR(Q) Floor 1.00% Spread 6.65% Total Coupon 10.85% Maturity 12/30/20262025-09-300001370755Equity Securities Diversified Consumer Services Razor Group GmbH (Germany) Warrants to Purchase Preferred Series A1 Shares Expiration 4/28/20282024-12-310001370755Debt Investments Software Integrate.com, Inc. First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 4.65% Cash + 2.25% PIK Total Coupon 11.23% Maturity 12/17/20272024-12-310001370755tcpc:CompanyRepurchasePlanMember2015-02-240001370755Non-Controlled Affiliates, Hylan Novellus LLC, Class A Units2024-01-012024-12-310001370755Debt Investments Internet Software and Services Magenta Buyer, LLC (McAfee) Second Lien Third Out Term Loan Ref SOFR(Q) Floor 0.75% Spread 1.76% Cash + 5.50% PIK Total Coupon 11.85% Maturity 7/27/20282024-12-310001370755Debt Investments Construction and Engineering Homerenew Buyer, Inc. (Renovo) First Lien Delayed Draw Term Loan Ref SOFR(M) Floor 1.00% Spread 8.60% PIK Total Coupon 12.96% Maturity 11/23/20272024-12-310001370755Debt Investments Construction and Engineering Hylan Intermediate Holding II, LLC First Lien Term Loan Ref SOFR(M) Floor 2.00% Spread 6.25% Total Coupon 10.80% Maturity 4/5/20292024-12-310001370755Controlled Affiliates, 36th Street Capital Partners Holdings, LLC, Senior Note, 12%, due 11/30/252025-09-300001370755us-gaap:RetainedEarningsMember2024-09-300001370755Debt Investments Diversified Financial Services Rialto Management Group, LLC Sr Secured Revolver Ref SOFR(M) Floor 0.75% Spread 5.00% Total Coupon 9.53% Maturity 12/5/20302024-12-310001370755tcpc:ICIMSIncMember2025-01-012025-09-300001370755Equity Securities Software Grey Orange International Inc. Warrants to Purchase Common Stock Expiration 5/6/20322025-09-300001370755Debt Investments Software SEP Eiger BidCo Ltd. (Beqom) (Switzerland) First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 3.00% Cash+3.50 PIK Total Coupon 10.73% Maturity 5/9/20282025-09-300001370755us-gaap:AdditionalPaidInCapitalMember2025-03-310001370755Debt Investments Software Bonterra LLC (fka CyberGrants Holdings, LLC) Sr Secured Revolver Ref SOFR(Q) Floor 0.75% Spread 7.00% Total Coupon 11.33% Maturity 9/8/20272024-12-310001370755tcpc:WarrantsToPurchasePreferredSeriesA1SharesMembertcpc:RazorGroupGmbHMember2024-01-012024-12-310001370755Equity Securities Diversified Consumer Services TVG-Edmentum Holdings, LLC Series C-2 Common Units Ref Fixed Total Coupon 15.00%2025-09-300001370755Equity Securities Commercial Services & Supplies Kellermeyer Bergensons Services, LLC Common Stock2025-09-300001370755us-gaap:AutomotiveSectorMemberus-gaap:DebtSecuritiesMember2024-12-310001370755us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMembertcpc:ThreeMonthContractsMember2024-08-012024-08-010001370755tcpc:CleverDevicesLtdMember2025-09-300001370755Debt Investments Consumer Finance Freedom Financial Network Funding, LLC First Lien Delayed Draw Term Loan Ref SOFR(S) Floor 1.00% Spread 9.25% Total Coupon 13.66% Maturity 9/21/20272024-12-3100013707552017-12-310001370755us-gaap:DebtSecuritiesMembertcpc:SoftwareMember2025-09-300001370755Debt Investments Health Care Technology Appriss Health, LLC (PatientPing) Sr Secured Revolver Ref SOFR(M) Floor 1.00% Spread 4.90% Total Coupon 9.22% Maturity 5/6/20272025-09-300001370755tcpc:SemiconductorsAndSemiconductorEquipmentMemberus-gaap:DebtSecuritiesMember2025-09-300001370755tcpc:TwoThousandTwentyFiveNotesMemberus-gaap:UnsecuredDebtMember2024-03-182024-03-180001370755tcpc:GriffonBidcoIncMember2025-01-012025-09-300001370755Debt Investments Health Care Technology CareATC, Inc. First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 7.35% Total Coupon 11.70% Maturity 3/14/20262024-12-310001370755tcpc:PluralsightIncOneMember2025-01-012025-09-300001370755Non-Controlled Affiliates, Hylan Intermediate Holdings II LLC, Senior Secured 1st Lien Incremental Term Loan, SOFR + 6.25%, 2% SOFR Floor, due 4/5/292023-12-310001370755Debt Investments Software Clever Devices Ltd. First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 6.00% Total Coupon 10.66% Maturity 6/12/20302024-12-310001370755Equity Securities Internet Software and Services InMobi, Inc. (Singapore) Warrants to Purchase Series E Preferred Stock Expiration 12/18/20252025-01-012025-09-300001370755tcpc:BlackrockCapitalInvestmentCorporationMembersrt:MaximumMember2024-03-180001370755tcpc:SellerXGermanyGmbhAndCoKgOneMember2025-09-300001370755tcpc:SpartanBidcoPtyLtdStarRezAustraliaOneMember2025-09-300001370755Debt Investments IT Services Crewline Buyer, Inc. (New Relic) Sr Secured Revolver Ref SOFR(M) Floor 1.00% Spread 6.75% Total Coupon 11.08% Maturity 11/8/20302025-09-300001370755Debt Investments Software FirstUp, Inc First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 6.75% Total Coupon 10.75% Maturity 7/13/20272025-09-300001370755tcpc:FundingFacilityIIMember2022-12-310001370755Debt Investments Internet Software and Services Suited Connector, LLC Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 6.20% Cash + 1.00% PIK Total Coupon 11.63% Maturity 12/1/20272024-12-310001370755us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMemberus-gaap:EquitySecuritiesMembertcpc:MeasurementInputEBITDARevenueMultipleMember2024-12-310001370755tcpc:CrewlineBuyerIncMember2025-01-012025-09-300001370755tcpc:ALCVPurchaserIncMember2025-09-300001370755tcpc:TwoThousandTwentyTwoNotesMember2024-12-310001370755Debt Investments Diversified Financial Services Libra Solutions Intermediate Holdco, LLC et al (fka Oasis Financial, LLC) Second Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 8.62% Total Coupon 12.97% Maturity 7/5/20262024-12-310001370755tcpc:S2025Q4DividendsMemberus-gaap:SubsequentEventMember2025-11-062025-11-060001370755Equity Securities Pharmaceuticals Inotiv, Inc. Common Stock2025-09-300001370755Debt Investments Life Sciences Tools & Services DNAnexus, Inc First Lien Delayed Draw Term Loan Ref SOFR(M) Floor 3.00% Spread 5.25% Total Coupon 9.39% Maturity 12/18/20292025-09-300001370755us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMembertcpc:MergerSubFacilityMembersrt:MinimumMember2025-09-300001370755Debt Investments Software Zendesk Inc. Sr Secured Revolver Ref SOFR(Q) Floor 0.75% Spread 5.00% Total Coupon 9.32% Maturity 11/22/20282025-09-300001370755Non-Controlled Affiliates, HomeRenew Buyer,INC, Senior Secured Priority Term Loan, SOFR + 7.00%, 2.5% SOFR Floor, due 4/14/302025-01-012025-09-300001370755Debt Investments Diversified Financial Services Accordion Partners LLC First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.00% Total Coupon 9.00% Maturity 11/15/20312025-09-300001370755us-gaap:AdditionalPaidInCapitalMember2024-01-012024-03-310001370755us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:MaximumMemberus-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputExpectedTermMember2024-01-012024-12-310001370755tcpc:TwoThousandTwentySixNotesMember2021-12-310001370755Debt Investments Construction and Engineering Vortex Companies, LLC First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 5.00% Total Coupon 9.16% Maturity 9/4/2029 Two2025-09-300001370755Debt Investments Diversified Financial Services Accordion Partners LLC Sr Secured Revolver Ref SOFR(Q) Floor 0.75% Spread 5.25% Total Coupon 9.55% Maturity 11/15/20312025-09-300001370755tcpc:SBADebenturesMembersrt:MaximumMember2025-01-012025-09-300001370755tcpc:AlphasenseIncMember2025-01-012025-09-300001370755Debt Investments Internet Software and Services Fishbowl, Inc. First Lien Term Loan (7.5% Exit Fee) Ref SOFR(Q) Floor 1.00% Spread 2.63% Cash + 2.63% PIK Total Coupon 9.59% Maturity 5/27/20272024-12-310001370755tcpc:OperatingFacilityMembersrt:MinimumMember2021-06-222021-06-220001370755tcpc:EDiscoveryAcquireCoLlcMember2025-09-300001370755tcpc:FidelisSVCLLCMembertcpc:PreferredUnit-CMember2025-01-012025-09-300001370755tcpc:IndependentThirdPartyValuationMemberus-gaap:FairValueInputsLevel3Membertcpc:BankDebtMember2025-01-012025-09-300001370755Debt Investments Commercial Services & Supplies Thermostat Purchaser III, Inc. (Reedy Industries) Second Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 7.40% Total Coupon 11.60% Maturity 8/31/20292025-09-300001370755tcpc:FundingFacilityIIMembertcpc:AccordionMember2024-12-310001370755Debt Investments Textiles, Apparel and Luxury Goods James Perse Enterprises, Inc. Sr Secured Revolver Ref SOFR(A) Floor 1.00% Spread 6.25% Total Coupon 10.34% Maturity 9/8/20272024-12-310001370755tcpc:OperatingFacilityMember2023-12-310001370755Debt Investments Construction and Engineering Brown & Settle, Inc. Sr Secured Revolver Ref SOFR(S) Floor 1.00% Spread 6.50% Total Coupon 10.51% Maturity 5/16/20302025-09-300001370755us-gaap:InvestmentAffiliatedIssuerNoncontrolledMember2025-07-012025-09-300001370755Debt Investments Internet Software and Services Gympass US, LLC First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 3.25% Cash +3.25% PIK Total Coupon 10.78% Maturity 8/29/20292025-09-300001370755tcpc:OperatingFacilityMember2017-12-310001370755Debt Investments Diversified Consumer Services Razor Group Holdings II, Inc. (Germany) First Lien C Term Loan Ref Fixed Spread 3.50% Cash + 3.50% PIK Total Coupon 7.00% Maturity 9/30/20282024-12-310001370755Debt Investments Software Honey Intermediate, Inc. (iLobby) (Canada) Sr Secured Revolver Ref SOFR(M) Floor 1.00% Spread 2.88% Cash + 3.38% PIK Total Coupon 10.61% Maturity 9/26/20302024-12-310001370755tcpc:XactlyCorporationMember2025-09-300001370755tcpc:OperatingFacilityMembersrt:MaximumMember2021-06-222021-06-220001370755Debt Investments Internet Software and Services Persado, Inc. First Lien Term Loan (6.575% Exit Fee) Ref SOFR(M) Floor 1.80% Spread 7.50% Total Coupon 11.78% Maturity 6/10/20272025-09-300001370755tcpc:TheDifferenceCardProjectPurpleMember2025-01-012025-09-300001370755Debt Investments Software Zilliant Incorporated Sr Secured Revolver Ref SOFR(M) Floor 0.75% Spread 2.00% Cash + 5.00% PIK Total Coupon 11.36% Maturity 12/21/20272024-12-310001370755Debt Investments Diversified Financial Services Libra Solutions Intermediate Holdco, LLC et al (fka Oasis Financial, LLC) Second Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 8.62% Total Coupon 12.78% Maturity 1/5/20262025-09-300001370755us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:ValuationTechniqueOptionPricingModelMemberus-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputExpectedTermMember2024-01-012024-12-310001370755tcpc:TextilesApparelAndLuxuryGoodsMemberus-gaap:DebtSecuritiesMember2025-09-300001370755us-gaap:FairValueInputsLevel3Membertcpc:BankDebtMemberus-gaap:MeasurementInputEbitdaMultipleMembersrt:MaximumMembertcpc:ValuationTechniqueMarketComparableCompaniesMember2025-09-300001370755us-gaap:RetainedEarningsMember2024-06-300001370755us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:ValuationTechniqueOptionPricingModelMemberus-gaap:EquitySecuritiesMembertcpc:MeasurementInputEBITDARevenueMultipleMember2025-09-300001370755Debt Investments Capital Markets Pico Quantitative Trading, LLC First Lien Term Loan Ref SOFR(Q) Floor 1.50% Spread 7.51% Total Coupon 11.83% Maturity 2/8/20272025-09-300001370755tcpc:AlpineAcquisitionCorpIIMember2024-12-310001370755tcpc:TwoThousandNineteenConvertibleNotesMember2021-12-310001370755Debt Investments Real Estate Management and Development Community Merger Sub Debt LLC (CINC Systems) Sr Secured Revolver Ref SOFR(M) Floor 0.75% Spread 5.25% Total Coupon 9.58% Maturity 1/18/20302025-09-300001370755tcpc:ApplauseAppQualityIncMember2025-01-012025-09-300001370755tcpc:SBADebenturesMembertcpc:TwoThousandAndTwentyOneSeptemberTwentyTwoMember2025-01-012025-09-300001370755tcpc:PluralsightIncMember2024-12-310001370755tcpc:WorldremitGroupLimitedMembertcpc:SeriesXSharesMember2024-01-012024-12-310001370755Debt Investments Software Honey Intermediate, Inc. (iLobby) (Canada) First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 2.88% Cash + 3.38% PIK Total Coupon 10.61% Maturity 9/26/20302024-12-310001370755us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMembertcpc:OperatingFacilityMember2024-12-310001370755us-gaap:FairValueInputsLevel3Membertcpc:IndependentThirdPartyValuationMembertcpc:OtherCorporateDebtMember2024-12-310001370755us-gaap:FairValueInputsLevel3Membertcpc:BankDebtMembersrt:MinimumMemberus-gaap:ValuationTechniqueOptionPricingModelMemberus-gaap:MeasurementInputExpectedTermMember2024-01-012024-12-310001370755tcpc:IndependentThirdPartyValuationMemberus-gaap:FairValueInputsLevel3Member2024-07-012024-09-300001370755us-gaap:DebtSecuritiesMemberus-gaap:InsuranceSectorMember2025-09-300001370755us-gaap:ConsumerSectorMemberus-gaap:DebtSecuritiesMember2024-12-310001370755us-gaap:BaseRateMembertcpc:MergerSubFacilityMembersrt:MaximumMember2024-12-310001370755us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember2024-12-310001370755us-gaap:MediaContentMemberus-gaap:DebtSecuritiesMember2025-09-300001370755tcpc:TwoThousandTwentyFourNotesMember2025-09-3000013707552024-10-012024-12-310001370755us-gaap:FairValueInputsLevel3Member2025-09-300001370755Debt Investments Diversified Consumer Services Thras.io, LLC First Out Term Loan Ref SOFR(Q) Floor 1.00% Spread 10.26% PIK Total Coupon 14.58% Maturity 6/18/20292025-09-300001370755Debt Investments Diversified Financial Services GC Champion Acquisition LLC (Numerix) First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 5.25% Total Coupon 9.87% Maturity 8/21/20282024-12-310001370755us-gaap:AutomotiveSectorMemberus-gaap:DebtSecuritiesMember2025-09-300001370755Debt Investments Health Care Technology Gainwell Acquisition Corp. Second Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 8.10% Total Coupon 12.39% Maturity 10/2/20282025-09-300001370755us-gaap:UnsecuredDebtMembertcpc:TwoThousandTwentyFourNotesMember2020-10-022020-10-020001370755Debt Investments Media Streamland Media Midco LLC First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 1.00% Spread 5.76% Total Coupon 9.82% Maturity 3/31/20292025-09-300001370755Non-Controlled Affiliates, SellerX Germany GMBH, Senior Secured First Lien Revolver, SOFR + 5%, 2% SOFR Floor, due 6/18/292025-01-012025-09-300001370755tcpc:SBADebenturesMembertcpc:TwoThousandAndSeventeenSeptemberTwentyMember2024-12-310001370755Debt Investments Automobiles AutoAlert, LLC First Lien Incremental Term Loan Ref SOFR(Q) Floor 1.00% Spread 5.40% Total Coupon 9.99% Maturity 3/31/20282024-12-310001370755Non-Controlled Affiliates, TVG-Edmentum Holdings, LLC, Series C-2 Preferred Units2024-12-310001370755Equity Securities Media Quora, Inc. Warrants to Purchase Series D Preferred Stock Expiration 4/11/20292024-01-012024-12-310001370755Debt Investments Life Sciences Tools & Services Alcami Corporation First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 7.15% Total Coupon 11.66% Maturity 12/21/20282024-12-310001370755Debt Investments Paper and Forest Products Alpine Acquisition Corp II (48Forty) First Lien Incremental Term Loan Ref SOFR(Q) Floor 1.00% Spread 6.15% Total Coupon 10.32% Maturity 11/30/20292025-09-300001370755tcpc:FundingFacilityIIMembertcpc:AccordionMember2025-09-300001370755tcpc:O2024Q3DividendsMember2024-08-072024-08-070001370755Equity Securities IT Services Fidelis (SVC), LLC Preferred Unit-C2025-09-300001370755us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:ValuationTechniqueOptionPricingModelMemberus-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputExpectedTermMember2025-01-012025-09-300001370755tcpc:LogicmonitorIncMember2025-09-300001370755tcpc:TwoThousandNineteenConvertibleNotesMember2020-12-310001370755tcpc:GriffonBidcoIncOneMember2025-01-012025-09-300001370755tcpc:MadisonLogicHoldingsIncMember2025-01-012025-09-300001370755Debt Investments Software Bluefin Holding, LLC (Allvue) First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 4.50% Total Coupon 8.56% Maturity 9/12/20292025-09-300001370755tcpc:AlpineAcquisitionCorpIIMember2025-09-300001370755tcpc:SpartanBidcoPtyLtdStarrezAustraliaMember2025-01-012025-09-300001370755tcpc:WharfStreetRatingAcquisitionLlcKbraMember2025-01-012025-09-300001370755Debt Investments Internet Software and Services Acquia, Inc. First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 7.15% Total Coupon 11.73% Maturity 11/1/20252024-12-310001370755Debt Investments Health Care Technology CareATC, Inc. Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 7.35% Total Coupon 11.70% Maturity 3/14/20262024-12-310001370755tcpc:SparkBuyerLLCSPARKSTONEOneMember2024-12-310001370755Debt Investments Construction and Engineering PlayPower, Inc First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.25% Total Coupon 9.58% Maturity 8/28/20302024-12-310001370755Debt Investments Specialty Retail Calceus Acquisition, Inc. (Cole Haan) First Lien Term Loan Ref SOFR(Q) Floor 2.00% Spread 6.50% Total Coupon 10.50% Maturity 8/15/20282025-09-300001370755tcpc:AlpineAcquisitionCorpIIMember2025-01-012025-09-300001370755Debt Investments Internet Software and Services Domo, Inc. First Lien PIK Term Loan Ref Fixed (M) Spread 9.50% PIK Total Coupon 9.50% Maturity 8/19/20282024-12-310001370755Non-Controlled Affiliates, Iracore Investments Holdings, Inc., Class A Common Stock2024-01-012024-12-310001370755tcpc:CareATCIncMember2024-12-310001370755Debt Investments Paper and Forest Products FSK Pallet Holding Corp. (Kamps) First Lien Term Loan Ref SOFR(Q) Floor 1.25% Spread 6.65% Total Coupon 11.33% Maturity 12/23/20262024-12-310001370755tcpc:MpulseMobileIncMember2025-09-300001370755Non-Controlled Affiliates, Hylan Intermediate Holdings II LLC, 2nd Lien Term Loan, SOFR + 10%, 1% SOFR Floor, due 3/11/20272024-01-012024-12-310001370755us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMembertcpc:FundingFacilityIIMember2025-09-300001370755Debt Investments Media Terraboost Media Operating Company, LLC First Lien Term Loan Ref SOFR (Q) Floor 0.00% Spread 6.65% Cash +1.31% PIK Total Coupon 11.95% Maturity 8/23/20262025-09-300001370755Non-Controlled Affiliates, Homerenew Buyer, Inc. (Renovo), Class B-1 Preferred Units2024-12-310001370755tcpc:SpartanBidcoPtyLtdStarRezAustraliaOneMember2025-01-012025-09-300001370755tcpc:SellerXGermanyGmbhAndCoKgOneMember2025-01-012025-09-300001370755Debt Investments Diversified Consumer Services Infinite Commerce Holdings LLC (Razor) 2nd Lien 2A Term Loan Ref Fixed Floor 0.00% Spread 15.00% PIK Total Coupon 15.00% Maturity 12/20/20292025-09-300001370755tcpc:MadisonLogicHoldingsIncMember2024-12-310001370755Equity Securities Software Tradeshift, Inc. Warrants to Purchase Series D Preferred Stock Expiration 3/6/20272024-01-012024-12-310001370755us-gaap:FairValueInputsLevel3Membertcpc:MeasurementInputBookValueMultiplesMembersrt:MinimumMemberus-gaap:EquitySecuritiesMembertcpc:ValuationTechniqueMarketComparableCompaniesMember2025-09-300001370755Non-Controlled Affiliates, TVG-Edmentum Holdings, LLC, Series B-2 Common Units2024-01-012024-12-310001370755Debt Investments Software Zendesk Inc. First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.00% Total Coupon 9.00% Maturity 11/22/20282025-09-300001370755us-gaap:FairValueInputsLevel3Membertcpc:ValuationDesigneeMemberus-gaap:EquitySecuritiesMember2025-07-012025-09-300001370755Debt Investments Construction and Engineering RBS Buyer Inc. 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(Renovo) First Lien Term Loan Ref SOFR(Q) Floor 0.00% Spread 9.65% Total Coupon 13.88% Maturity 4/14/20302025-09-300001370755Debt Investments Life Sciences Tools & Services DNAnexus, Inc First Lien Term Loan Ref SOFR(M) Floor 3.00% Spread 5.25% Total Coupon 9.39% Maturity 12/20/20292025-09-300001370755tcpc:BrownAndSettleIncMember2025-01-012025-09-300001370755tcpc:ZendeskIncOneMember2025-09-300001370755Equity Securities Internet Software and Services Domo, Inc. 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(SellerX) Common Shares2025-09-300001370755tcpc:BlackrockCapitalInvestmentCorporationMember2024-01-012024-12-310001370755Debt Investments Internet Software and Services Magenta Buyer, LLC (McAfee) First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 6.25% Total Coupon 10.56% Maturity 7/27/20282025-09-300001370755us-gaap:AdditionalPaidInCapitalMember2025-06-300001370755us-gaap:FairValueInputsLevel3Membertcpc:ValuationDesigneeMember2024-12-310001370755Debt Investments Software SEP Eiger BidCo Ltd. 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(SigFig) First Lien Term Loan Ref SOFR(S) Floor 1.00% Spread 7.50% Total Coupon 12.50% Maturity 9/15/20252024-12-310001370755Debt Investments Diversified Consumer Services Fusion Holding Corp. (Finalsite) First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 6.25% Total Coupon 10.58% Maturity 9/14/20292024-12-310001370755tcpc:AGYEquityLLCMembertcpc:ClassAPreferredUnitsMember2025-01-012025-09-300001370755Controlled Affiliates, 36th Street Capital Partners Holdings, LLC, Membership Units2025-09-300001370755Debt Investments Health Care Technology Gainwell Acquisition Corp. Second Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 8.10% Total Coupon 12.68% Maturity 10/2/20282024-12-310001370755srt:MinimumMemberus-gaap:InvestmentAffiliatedIssuerNoncontrolledMember2024-12-310001370755tcpc:SpartanBidcoPtyLtdStarrezAustraliaMember2024-12-310001370755tcpc:SyndigoLLCMember2025-09-300001370755tcpc:FusionHoldingCorpFinalsiteMember2025-09-300001370755tcpc:TwoThousandTwentyNineNotesMember2024-01-012024-12-310001370755Debt Investments IT Services Crewline Buyer, Inc. (New Relic) First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 6.75% Total Coupon 11.35% Maturity 11/8/20302024-12-310001370755Debt Investments Internet Software and Services Acquia, Inc. Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 6.15% Total Coupon 10.45% Maturity 11/1/20252025-09-300001370755Non-Controlled Affiliates, Hylan Intermediate Holdings II LLC, Senior Secured 1st Lien Term Loan, SOFR + 8%, 1% SOFR Floor, due 2/22/262023-12-310001370755tcpc:BlackrockCapitalInvestmentCorporationMembersrt:MinimumMember2019-02-080001370755Debt Investments IT Services Madison Logic Holdings, Inc. Sr Secured Revolver Ref SOFR(M) Floor 1.00% Spread 4.73% Cash+2.37 PIK Total Coupon 11.33% Maturity 12/30/20272025-09-300001370755Debt Investments Software Bonterra LLC (fka CyberGrants Holdings, LLC) First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 7.00% Total Coupon 11.33% Maturity 9/8/20272024-12-310001370755tcpc:O2024Q1ADividendsMember2024-03-152024-03-150001370755tcpc:InMobiIncOneMembertcpc:WarrantsToPurchaseSeriesEPreferredStockMember2024-01-012024-12-310001370755Equity Securities Internet Software and Services SuCo Investors, LP (Suited Connector) Warrants to Purchase Class A Units Expiration 03/06/20332025-09-300001370755tcpc:ModigentLLCPuebloMember2025-09-300001370755Debt Investments Healthcare Providers and Services PHC Buyer, LLC (Patriot Home Care) First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 6.00% Total Coupon 10.51% Maturity 5/4/20282024-12-310001370755tcpc:AccordionPartnersLlcMember2025-01-012025-09-300001370755Debt Investments Internet Software and Services Pluralsight, Inc. First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 3.00% Cash + 1.50% PIK Total Coupon 8.70% Maturity 8/22/20292025-09-300001370755tcpc:O2025Q1DividendsMember2025-02-2700013707552018-12-310001370755Debt Investments Insurance Integrity Marketing Acquisition, LLC Sr Secured Revolver Ref SOFR(Q) Floor 0.75% Spread 5.00% Total Coupon 9.51% Maturity 8/25/20282024-12-310001370755tcpc:HuckabeeAcquisitionLLCMoregroupMember2024-12-310001370755Interest Rate Swap Company Receives Fixed 2.633% Company Pays Floating 1 Day SOFR Counterparty CME Maturity Date 6/9/2025 Payment Frequency Annual2024-12-310001370755tcpc:FundingFacilityIIMember2023-12-310001370755tcpc:TheDifferenceCardProjectPurpleOneMember2025-09-300001370755tcpc:SEPRaptorAcquisitionIncMember2025-01-012025-09-300001370755tcpc:AcquiaIncMember2025-01-012025-09-300001370755Equity Securities Internet Software and Services InMobi, Inc. (Singapore) Warrants to Purchase Series E Preferred Stock Expiration 10/3/20282024-01-012024-12-310001370755Debt Investments Professional Services ICIMS, Inc. Sr Secured Revolver Ref SOFR(Q) Floor 0.75% Spread 5.75% Total Coupon 10.34% Maturity 8/18/20282024-12-310001370755Debt Investments Software Douglas Holdings, Inc (Docupace) Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 6.13% Total Coupon 10.13% Maturity 8/27/20302025-09-300001370755Debt Investments Electrical Equipment Spark Buyer, LLC (Sparkstone) First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.25% Total Coupon 9.44% Maturity 10/15/20312025-09-300001370755Equity Securities Energy Equipment and Services GlassPoint, Inc. Warrants to Purchase Common Stock Expiration 9/12/20292024-12-310001370755tcpc:KellermeyerBergensonsServicesLLCMemberus-gaap:CommonStockMember2024-01-012024-12-310001370755Debt Investments Textiles, Apparel and Luxury Goods James Perse Enterprises, Inc. Sr Secured Revolver Ref SOFR(A) Floor 1.00% Spread 6.25% Total Coupon 10.51% Maturity 9/8/20272025-09-300001370755tcpc:InMobiIncMembertcpc:WarrantsToPurchaseSeriesEPreferredStockMember2024-01-012024-12-310001370755us-gaap:AdditionalPaidInCapitalMember2024-12-310001370755Debt Investments Construction and Engineering Homerenew Buyer, Inc. (Renovo) First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 9.10% PIK Total Coupon 13.44% Maturity 11/23/20272024-12-310001370755Controlled Affiliates, Kawa Solar Holdings Limited, Revolving Credit Facility, 0%, due 12/31/212024-01-012024-12-310001370755us-gaap:AdditionalPaidInCapitalMember2023-12-310001370755Debt Investments IT Services Serrano Parent, LLC (Sumo Logic) First Lien Term Loan Ref SOFR(S) Floor 1.00% Spread 6.50% Total Coupon 10.92% Maturity 5/13/20302024-12-310001370755Debt Investments Construction and Engineering JF Acquisition, LLC (JF Petroleum) First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 1.00% Spread 5.75% Total Coupon 9.89% Maturity 6/18/20302025-09-300001370755tcpc:TwoThousandTwentySixNotesMember2023-12-310001370755tcpc:ABRBorrowingsMembertcpc:MergerSubFacilityMembersrt:MaximumMember2024-03-180001370755tcpc:OperatingFacilityMembertcpc:AccordionMember2024-12-310001370755tcpc:FundingFacilityIMember2021-12-310001370755tcpc:DeeplSeMember2025-01-012025-09-300001370755tcpc:AccuserveSolutionsIncMember2025-09-300001370755Controlled Affiliates, Conventional Lending TCP Holdings, LLC, Membership Units2023-12-310001370755Equity Securities Internet Software and Services InMobi, Inc. (Singapore) Warrants to Purchase Common Stock Expiration 8/15/20272024-12-310001370755tcpc:IntegrityMarketingAcquisitionLLCMember2024-12-310001370755tcpc:TwoThousandTwentyFiveNotesMemberus-gaap:UnsecuredDebtMember2024-01-012024-09-300001370755Controlled Affiliates, AA Acquisition Aggregator, LLC, Ordinary Shares2024-12-3100013707552019-02-082025-03-310001370755Debt Investments Internet Software and Services Suited Connector, LLC First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 6.20% Cash + 2.00% PIK Total Coupon 12.72% Maturity 12/1/20272024-12-310001370755tcpc:MROParentCorporationMember2025-09-300001370755Controlled Affiliates, Kawa Solar Holdings Limited, Ordinary Shares2024-12-310001370755Debt Investments Professional Services Huckabee Acquisition, LLC (MOREgroup) Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 5.25% Total Coupon 9.58% Maturity 1/16/20302024-12-310001370755tcpc:FundingFacilityIMember2024-12-310001370755tcpc:FundingFacilityIMember2019-12-310001370755Debt Investments Professional Services Lighthouse Parent Holdings, Inc (Aperture) First Lien Delayed Draw Term Loan Ref SOFR(M) Floor 0.75% Spread 5.00% Total Coupon 9.37% Maturity 12/20/20312024-12-310001370755Debt Investments Media NEP Group, Inc. et al Second Lien Term Loan Ref SOFR(Q) Floor 0.00% Spread 7.26% Total Coupon 11.46% Maturity 10/19/20262025-09-300001370755us-gaap:FairValueInputsLevel3Membersrt:MinimumMemberus-gaap:ValuationTechniqueOptionPricingModelMemberus-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputExpectedTermMember2024-01-012024-12-310001370755tcpc:DNAnexusIncMember2024-12-310001370755Debt Investments Software Clever Devices Ltd. Sr Secured Revolver Ref SOFR(M) Floor 1.00% Spread 6.00% Total Coupon 10.16% Maturity 6/12/20302025-09-300001370755us-gaap:EquitySecuritiesMember2024-12-310001370755tcpc:BluefinHoldingLlcAllvueMember2024-12-310001370755us-gaap:FinancialServicesSectorMemberus-gaap:DebtSecuritiesMember2025-09-300001370755tcpc:SparkBuyerLLCSPARKSTONEOneMember2025-01-012025-09-300001370755tcpc:FortyIntermediateHoldingsIncMemberus-gaap:CommonStockMember2024-01-012024-12-310001370755tcpc:QuoraIncMembertcpc:WarrantsToPurchaseSeriesDPreferredStockMember2025-01-012025-09-300001370755Controlled Affiliates, Anacomp, Inc., Class A Common Stock2023-12-310001370755us-gaap:UnsecuredDebtMembertcpc:TwoThousandTwentyFourNotesMember2020-10-020001370755Debt Investments Diversified Financial Services GC Champion Acquisition LLC (Numerix) First Lien Term Loan Ref SOFR(S) Floor 1.00% Spread 5.00% Total Coupon 9.22% Maturity 8/21/20282025-09-300001370755tcpc:DouglasHoldingsIncDocupaceMember2025-01-012025-09-300001370755tcpc:GtyTechnologyHoldingsIncOneMember2024-12-310001370755Debt Investments IT Services Madison Logic Holdings, Inc. Sr Secured Revolver Ref SOFR(S) Floor 1.00% Spread 7.50% Total Coupon 11.84% Maturity 12/30/20272024-12-310001370755us-gaap:EquitySecuritiesMembertcpc:ElectricUtilitiesMember2025-09-300001370755Debt Investments Software Trintech, Inc. Sr Secured Revolver Ref SOFR(M) Floor 1.00% Spread 5.50% Total Coupon 9.66% Maturity 7/25/20292025-09-300001370755Debt Investments Professional Services Huckabee Acquisition, LLC (MOREgroup) Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 5.25% Total Coupon 9.57% Maturity 1/16/20302025-09-300001370755us-gaap:FairValueInputsLevel3Membertcpc:IndependentThirdPartyValuationMemberus-gaap:EquitySecuritiesMember2024-12-310001370755Debt Investments Internet Software and Services Magenta Buyer, LLC (McAfee) First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 6.25% Total Coupon 10.84% Maturity 7/27/20282024-12-310001370755tcpc:TwoThousandTwentyFourNotesMember2021-12-310001370755tcpc:TwoThousandTwentyFiveNotesMember2025-01-012025-09-300001370755tcpc:DouglasHoldingsIncDocupaceTwoMember2025-01-012025-09-300001370755tcpc:LeisureProductsMemberus-gaap:DebtSecuritiesMember2024-12-310001370755us-gaap:FairValueInputsLevel3Membertcpc:IndependentThirdPartyValuationMemberus-gaap:EquitySecuritiesMember2025-06-300001370755Debt Investments Software SEP Raptor Acquisition, Inc. (Loopio) (Canada) First Lien Term Loan Ref SOFR(S) Floor 1.00% Spread 5.50% Total Coupon 9.93% Maturity 3/31/20272024-12-310001370755tcpc:O2024Q2DividendsMember2024-06-142024-06-140001370755us-gaap:FairValueInputsLevel3Membertcpc:IndependentThirdPartyValuationMembertcpc:BankDebtMember2025-06-300001370755Non-Controlled Affiliates, SellerX Germany GMBH, Senior Secured First Lien Tranche A1 Term Loan, SOFR + 9%, 2% SOFR Floor, due 12/31/282025-01-012025-09-300001370755Debt Investments Media TL Voltron Purchaser, LLC (GES) First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 5.25% Total Coupon 9.61% Maturity 12/31/20302024-12-310001370755Controlled Affiliates, Fishbowl, Inc., Senior Secured 1st Lien Term Loan, SOFR + 5%, 1% SOFR Floor, 7.50% EOT, due 05/27/20272024-01-012024-12-310001370755Debt Investments Software Logicmonitor, Inc First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.50% Total Coupon 9.81% Maturity 11/19/20312025-09-300001370755Debt Investments Diversified Financial Services Rialto Management Group, LLC First Lien Term Loan Ref SOFR(M) Floor 0.75% Spread 5.00% Total Coupon 9.53% Maturity 12/5/20302024-12-310001370755us-gaap:FairValueInputsLevel3Membertcpc:BankDebtMembertcpc:ValuationDesigneeMember2024-06-300001370755Debt Investments Communications Equipment Plate Newco 1 Limited (Avanti) (United Kingdom) Subordinated E1 Term Loan Ref Fixed Spread 12.50% PIK Total Coupon 12.50% Maturity 6/30/20252024-12-310001370755Debt Investments Automobiles AutoAlert, LLC Second Lien Incremental Term Loan Ref SOFR(Q) Floor 1.00% Spread 9.40%PIK Total Coupon 13.99% Maturity 3/31/20292024-12-310001370755tcpc:TwoThousandTwentyFourNotesMember2022-12-310001370755Equity Securities Software Grey Orange International Inc. Warrants to Purchase Common Stock Expiration 5/6/20322024-12-310001370755Debt Investments Health Care Technology Appriss Health, LLC (PatientPing) Sr Secured Revolver Ref SOFR(S) Floor 1.00% Spread 7.25% Total Coupon 12.08% Maturity 5/6/20272024-12-310001370755tcpc:TwoThousandTwentyTwoNotesMember2023-12-310001370755Debt Investments Health Care Technology MRO Parent Corporation Sr Secured Revolver Ref SOFR(Q) Floor 0.75% Spread 4.75% Total Coupon 9.08% Maturity 6/9/20322025-09-300001370755Debt Investments IT Services Idera, Inc. Second Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 6.75% Total Coupon 11.20% Maturity 2/4/20292025-09-300001370755us-gaap:FairValueInputsLevel3Membertcpc:ValuationDesigneeMemberus-gaap:EquitySecuritiesMember2025-01-012025-09-300001370755Controlled Affiliates, Gordon Brothers Finance Company, Unsecured Term Loan, SOFR +11%, 1% SOFR Floor, due 10/31/20212025-09-300001370755Debt Investments Life Sciences Tools & Services Alcami Corporation First Lien Delayed Draw Term Loan Ref SOFR(M) Floor 1.00% Spread 7.10% Total Coupon 11.24% Maturity 12/21/20282025-09-300001370755tcpc:AccuserveSolutionsIncMember2024-12-310001370755Debt Investments Software GTY Technology Holdings Inc. First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 1.00% Spread 2.58% Cash + 4.30% PIK Total Coupon 11.21% Maturity 7/9/20292024-12-310001370755Debt Investments Commercial Services & Supplies Thermostat Purchaser III, Inc. (Reedy Industries) Second Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 7.10% Total Coupon 11.91% Maturity 8/31/20292024-12-310001370755tcpc:SailpointTechnologiesHoldingsIncMember2024-12-310001370755tcpc:LogicmonitorIncMember2024-12-310001370755tcpc:ZendeskIncMember2025-01-012025-09-300001370755tcpc:PluralsightIncMemberus-gaap:CommonStockMember2024-01-012024-12-310001370755Debt Investments Professional Services Lighthouse Parent Holdings, Inc (Aperture) First Lien Term Loan Ref SOFR(M) Floor 0.75% Spread 5.00% Total Coupon 9.37% Maturity 12/20/20312024-12-310001370755Debt Investments Healthcare Providers and Services PHC Buyer, LLC (Patriot Home Care) First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 0.75% Spread 6.00% Total Coupon 10.51% Maturity 5/4/20282024-12-310001370755tcpc:DiscoParentIncDuckCreekTechnologiesMember2024-12-310001370755tcpc:HuckabeeAcquisitionLLCMoregroupMember2025-01-012025-09-300001370755us-gaap:InvestmentAffiliatedIssuerNoncontrolledMember2024-07-012024-09-300001370755Equity Securities Road and Rail Motive Technologies, Inc (Keep Trucking) Warrants to Purchase Common Stock2025-09-300001370755tcpc:GtyTechnologyHoldingsIncMember2025-01-012025-09-300001370755Debt Investments Software Trintech, Inc. Sr Secured Revolver Ref SOFR(M) Floor 1.00% Spread 5.50% Total Coupon 9.86% Maturity 7/25/20292024-12-310001370755tcpc:ConsumerFinanceMemberus-gaap:DebtSecuritiesMember2025-09-300001370755tcpc:TwoThousandTwentyNineNotesMember2024-12-310001370755Equity Securities Diversified Consumer Services SellerX Germany GMBH & Co. 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Sr Secured Revolver Ref SOFR(Q) Floor 1.50% Spread 6.00% Total Coupon 10.33% Maturity 10/24/20292024-12-310001370755Equity Securities Paper and Forest Products 48forty Intermediate Holdings, Inc. Common Stock2025-09-300001370755us-gaap:FairValueInputsLevel2Membertcpc:BankDebtMember2025-09-300001370755tcpc:RBSBuyerIncOneMember2025-01-012025-09-300001370755Debt Investments Software Thunder Purchaser, Inc. (Vector Solutions) First Lien Incremental Term Loan Ref SOFR(Q) Floor 1.00% Spread 5.25% Total Coupon 9.58% Maturity 6/30/20282024-12-310001370755Equity Securities Household Durables Igloo Parent Holdings LLC (InMoment) Common Units2025-09-300001370755Debt Investments Software Douglas Holdings, Inc (Docupace) First Lien Delayed Draw Term Loan A Ref SOFR(Q) Floor 1.00% Spread 5.75% Cash + 0.38% PIK Total Coupon 10.45% Maturity 8/27/20302024-12-310001370755Debt Investments Software Cart.Com, Inc. First Lien Term Loan (2.5% Exit Fee) Ref SOFR(M) Floor 1.50% Spread 7.75% Total Coupon 12.11% Maturity 5/22/20292024-12-310001370755Debt Investments Software Zilliant Incorporated First Lien Term Loan (0.25% Exit Fee) Ref SOFR(M) Floor 0.75% Spread 2.00% Cash + 5.00% PIK Total Coupon 11.36% Maturity 12/21/20272024-12-310001370755us-gaap:FairValueInputsLevel3Membertcpc:BankDebtMemberus-gaap:MeasurementInputRevenueMultipleMembersrt:MaximumMembertcpc:ValuationTechniqueMarketComparableCompaniesMember2025-09-300001370755tcpc:SBADebenturesMembertcpc:TwoThousandAndFifteenMarchTwentyFiveMember2024-12-310001370755tcpc:TwoThousandTwentyNineNotesMember2024-12-310001370755Debt Investments Internet Software and Services Pluralsight, Inc. 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First Lien Term Loan Ref SOFR(Q) Floor 1.50% Spread 6.00% Total Coupon 10.33% Maturity 10/24/20292024-12-310001370755tcpc:ArasCorporationMember2025-09-300001370755Debt Investments Construction and Engineering Vortex Companies, LLC First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 5.00% Total Coupon 9.36% Maturity 9/4/20292024-12-310001370755Debt Investments Paper and Forest Products Alpine Acquisition Corp II (48Forty) First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 1.00% Cash + 5.33% PIK Total Coupon 10.65% Maturity 11/30/20262024-12-310001370755tcpc:BlackrockCapitalInvestmentCorporationMember2024-03-170001370755Non-Controlled Affiliates, Hylan Intermediate Holdings II LLC, Senior Secured 1st Lien Incremental Term Loan, SOFR + 6.25%, 2% SOFR Floor, due 4/5/292024-12-310001370755Debt Investments Insurance AmeriLife Holdings, LLC Sr Secured Revolver Ref SOFR(Q) Floor 0.75% Spread 5.00% Total Coupon 9.17% Maturity 8/31/20282025-09-300001370755Debt Investments Software Disco Parent, Inc. (Duck Creek Technologies) Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 7.50% Total Coupon 12.01% Maturity 3/30/20292024-12-310001370755tcpc:SonnySEnterprisesLLCMember2025-09-300001370755tcpc:TwoThousandTwentySixNotesMemberus-gaap:UnsecuredDebtMember2021-02-092021-02-090001370755us-gaap:FairValueInputsLevel2Membertcpc:BankDebtMember2024-12-310001370755us-gaap:FairValueInputsLevel3Membertcpc:BankDebtMembertcpc:MeasurementInputIndicativeBidAskQuotesMembertcpc:ValuationTechniqueTransactionApproachMember2025-09-300001370755us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberus-gaap:ShareBasedCompensationAwardTrancheTwoMembertcpc:TwoThousandTwentyFiveNotesMember2024-12-310001370755tcpc:IntegrityMarketingAcquisitionLLCMember2025-09-300001370755Debt Investments Software Clever Devices Ltd. First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 6.00% Total Coupon 10.16% Maturity 6/12/20302025-09-300001370755Debt Investments IT Services Xactly Corporation First Lien Incremental Term Loan Ref SOFR(Q) Floor 1.00% Spread 6.35% Total Coupon 10.55% Maturity 7/31/20272025-09-300001370755Equity Securities Electric Utilities Kawa Solar Holdings Limited (Conergy) (Cayman Islands) Ordinary Shares2024-12-310001370755Debt Investments Containers & Packaging BW Holding, Inc. (Brook & Whittle) First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 9.25% Total Coupon 13.48% Maturity 3/14/20292025-09-300001370755Debt Investments Diversified Consumer Services SellerX Germany GmbH (Germany) First Lien A1 Term Loan Ref SOFR(Q) Floor 2.00% Spread 4.50% Cash + 4.50% PIK Total Coupon 14.33% Maturity 5/23/20262024-12-310001370755us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:MaximumMemberus-gaap:EquitySecuritiesMembertcpc:MeasurementInputEBITDARevenueMultipleMember2025-09-300001370755tcpc:FusionHoldingCorpFinalsiteMember2024-12-310001370755Controlled Affiliates, Gordon Brothers Finance Company, Common Stock2025-09-300001370755Equity Securities Diversified Financial Services Conventional Lending TCP Holdings, LLC Membership Units2024-12-310001370755us-gaap:InvestmentAffiliatedIssuerControlledMembersrt:MaximumMember2025-09-3000013707552023-06-300001370755tcpc:DouglasHoldingsIncDocupaceTwoMember2025-09-300001370755tcpc:SBADebenturesMembertcpc:TwoThousandAndEighteenSeptemberNineteenMember2024-01-012024-12-310001370755tcpc:SeriesTwoThousandTwentyTwoASeniorNotesMemberus-gaap:ShareBasedCompensationAwardTrancheTwoMemberus-gaap:UnsecuredDebtMembertcpc:BlackrockCapitalInvestmentCorporationMember2024-03-180001370755Debt Investments Automobiles ABC Technologies Inc. (TI Automotive) (Canada) First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.88% Total Coupon 10.22% Maturity 8/22/20312025-09-300001370755Debt Investments Software Logicmonitor, Inc Sr Secured Revolver Ref SOFR(Q) Floor 0.75% Spread 5.50% Total Coupon 9.78% Maturity 11/19/20312025-09-300001370755tcpc:PMAParentHoldingsLLCMember2024-12-310001370755us-gaap:InterestRateSwapMember2024-01-012024-09-300001370755Debt Investments Software Cart.Com, Inc. First Lien Term Loan (2.5% Exit Fee) Ref SOFR(M) Floor 1.50% Spread 7.75% Total Coupon 11.91% Maturity 5/30/20292025-09-300001370755Controlled Affiliates, Conergy Asia & ME Pte. Ltd., 1st Lien Term Loan, 0%, due 12/31/212025-01-012025-09-300001370755tcpc:O2024Q1DividendsMember2024-03-142024-03-140001370755tcpc:G-3ApolloAcquisitionCorpApprissRetailMember2025-09-300001370755Debt Investments Road and Rail Motive Technologies, Inc. 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First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 5.25% Total Coupon 9.42% Maturity 6/30/20302025-09-300001370755tcpc:SkydioIncMember2024-12-310001370755Equity Securities Diversified Financial Services Worldremit Group Limited (United Kingdom) Warrants to Purchase Series E Stock Expiration 8/17/20312024-01-012024-12-310001370755tcpc:OperatingFacilityMembertcpc:LondonInterbankOfferedRateMembersrt:MaximumMember2021-06-220001370755tcpc:MergerSubFacilityMember2024-03-180001370755Debt Investments Software Integrate.com, Inc. First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 4.65% Cash + 2.25% PIK Total Coupon 10.90% Maturity 12/17/20272025-09-300001370755Non-Controlled Affiliates, Homerenew Buyer, Inc. (Renovo), Class A Preferred Units2025-09-300001370755Controlled Affiliates, Anacomp, Inc., Class A Common Stock2025-01-012025-09-300001370755us-gaap:RetainedEarningsMember2024-07-012024-09-300001370755tcpc:SumupHoldingsLuxembourgSARLLuxembourgMember2025-09-300001370755Debt Investments Diversified Consumer Services SellerX Germany GMBH & Co. KG (Germany) Sr Secured Revolver Ref SOFR(Q) Floor 0.00% Spread 5.00% Total Coupon 9.00% Maturity 6/18/20292025-09-300001370755Debt Investments Automobiles AutoAlert, LLC Second Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 9.40% PIK Total Coupon 13.69% Maturity 3/31/20292025-09-300001370755us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:EquitySecuritiesMembertcpc:ValuationTechniqueMarketComparableCompaniesMember2024-12-310001370755tcpc:TwoThousandTwentyNineNotesMember2025-01-012025-09-300001370755Debt Investments Hotels, Restaurants and Leisure OCM Luxembourg Baccarat BidCo S.À R.L. (Interblock) (Slovenia) First Lien Term Loan Ref SOFR(Q) Floor 2.00% Spread 6.25% Total Coupon 10.38% Maturity 6/3/20272025-09-300001370755tcpc:LighthouseParentHoldingsIncApertureOneMember2024-12-310001370755Debt Investments Machinery Sonny’s Enterprises, LLC First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 1.00% Spread 5.65% Total Coupon 9.88% Maturity 8/5/20282025-09-300001370755tcpc:O2025Q2DividendsMember2025-05-082025-05-080001370755tcpc:BynderBidcoBVNetherlandsOneMember2024-12-310001370755Controlled Affiliates, AA Acquisition Aggregator, LLC, Ordinary Shares2024-01-012024-12-310001370755Debt Investments Diversified Financial Services Callodine Commercial Finance, LLC First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 11.26% Total Coupon 15.59% Maturity 11/3/20252024-12-310001370755us-gaap:PreferredStockMembertcpc:KellermeyerBergensonsServicesLLCMember2025-01-012025-09-300001370755Debt Investments Construction and Engineering RBS Buyer Inc. 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First Lien Delayed Draw Term Loan Ref SOFR(S) Floor 1.00% Spread 5.25% Total Coupon 9.42% Maturity 6/30/20302025-09-300001370755us-gaap:FairValueInputsLevel3Membertcpc:MeasurementInputBookValueMultiplesMembersrt:MinimumMemberus-gaap:EquitySecuritiesMembertcpc:ValuationTechniqueMarketComparableCompaniesMember2024-12-310001370755Debt Investments Software GTY Technology Holdings Inc. First Lien Incremental Delayed Draw Term Loan Ref SOFR(Q) Floor 0.75% Spread 2.67% Cash + 4.55% PIK Total Coupon 11.68% Maturity 7/9/20292024-12-310001370755tcpc:OperatingFacilityMember2025-01-012025-09-300001370755Debt Investments Leisure Products Blue Star Sports Holdings, Inc. First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 1.00% Spread 5.90% Cash + 3.50% PIK Total Coupon 13.92% Maturity 6/15/20262024-12-310001370755Debt Investments Construction and Engineering Titan Home Improvement, LLC (Renuity) First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 1.00% Spread 5.75% Total Coupon 10.26% Maturity 5/31/20302024-12-310001370755tcpc:StonebridgeCompaniesLLCOneMember2025-09-300001370755tcpc:TwoThousandTwentySixNotesMember2024-12-310001370755tcpc:SparkBuyerLLCSPARKSTONEMember2025-01-012025-09-300001370755Debt Investments Capital Markets PMA Parent Holdings, LLC First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 4.75% Total Coupon 8.75% Maturity 1/31/20312025-09-300001370755tcpc:PlaypowerIncMember2024-12-310001370755Debt Investments Diversified Consumer Services Fusion Holding Corp. 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Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 7.35% Total Coupon 11.66% Maturity 3/14/20262025-09-300001370755Debt Investments Commercial Services & Supplies Modigent, LLC (Pueblo) First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 6.50% Total Coupon 10.83% Maturity 8/23/20282024-12-310001370755tcpc:CommonUnitsMembertcpc:ThrasIoLLCMember2025-01-012025-09-300001370755us-gaap:FairValueInputsLevel3Membertcpc:IndependentThirdPartyValuationMembertcpc:OtherCorporateDebtMember2024-01-012024-09-300001370755tcpc:JFAcquisitionLLCJFPetroleumMember2025-09-300001370755Equity Securities Diversified Financial Services Worldremit Group Limited (United Kingdom) Warrants to Purchase Series D Stock Expiration 2/11/20312024-12-310001370755Debt Investments Professional Services Applause App Quality, Inc. First Lien Term Loan Ref SOFR(Q) Floor 1.50% Spread 5.75% Total Coupon 9.76% Maturity 10/24/20292025-09-300001370755tcpc:RoadAndRailMemberus-gaap:DebtSecuritiesMember2025-09-300001370755tcpc:S2025Q1DividendsMember2025-02-272025-02-270001370755Equity Securities Internet Software and Services SuCo Investors, LP (Suited Connector) Warrants to Purchase Class A Units Expiration 03/06/20332024-12-310001370755Debt Investments Communications Equipment Plate Newco 1 Limited (Avanti) (United Kingdom) Subordinated G Term Loan Ref Fixed Spread 12.50% PIK Total Coupon 12.50% Maturity 6/30/20252024-12-310001370755Debt Investments Construction and Engineering Vortex Companies, LLC Sr Secured Revolver Ref Prime Floor 1.00% Spread 4.00% Total Coupon 11.25% Maturity 9/4/20292025-09-300001370755Controlled Affiliates, Anacomp, Inc., Class A Common Stock2024-01-012024-12-310001370755tcpc:ZilliantIncorporatedMember2024-12-310001370755tcpc:IndependentThirdPartyValuationMemberus-gaap:FairValueInputsLevel3Membertcpc:OtherCorporateDebtMember2024-09-300001370755tcpc:OcmLuxembourgBaccaratBidcoSARLInterblockSloveniaMember2024-12-310001370755Debt Investments Internet Software and Services InMoment, Inc. 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KG, Senior Secured First Lien Revolver, SOFR + 5.00%, 0% SOFR Floor, due 10/28/262024-12-310001370755tcpc:PubliclyTradedCompanyMember2025-09-300001370755tcpc:WarrantsToPurchaseSeriesDPreferredStockMembertcpc:TradeshiftIncMember2025-01-012025-09-300001370755Debt Investments Electrical Equipment Spark Buyer, LLC (Sparkstone) Sr Secured Revolver Ref SOFR(Q) Floor 0.75% Spread 5.25% Total Coupon 9.24% Maturity 10/15/20312025-09-300001370755tcpc:VortexCompaniesLlcOneMember2025-01-012025-09-300001370755tcpc:InfiniteCommerceHoldingsLLCRazorMembertcpc:SeriesA-3PreferredUnitsMember2025-01-012025-09-300001370755tcpc:SBADebenturesMember2018-12-310001370755Debt Investments Software JOBVITE, Inc. (Employ, Inc.) 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(Singapore) Warrants to Purchase Series E Preferred Stock Expiration 10/3/20282025-01-012025-09-300001370755tcpc:TwoThousandAndNineteenSeptemberTwentyFiveMembertcpc:SBADebenturesMember2024-12-310001370755us-gaap:FairValueInputsLevel1Membertcpc:OtherCorporateDebtMember2024-12-310001370755tcpc:SerranoParentLlcSumoLogicMember2025-09-300001370755Debt Investments Software FirstUp, Inc First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 6.75% Total Coupon 10.75% Maturity 7/13/2027 One2025-09-300001370755Debt Investments Health Care Technology Appriss Health, LLC (PatientPing) First Lien Term Loan Ref SOFR(S) Floor 1.00% Spread 7.25% Total Coupon 12.08% Maturity 5/6/20272024-12-310001370755Non-Controlled Affiliates, Hylan Intermediate Holdings II LLC, 2nd Lien Term Loan, SOFR + 10%, 1% SOFR Floor, due 3/11/20272023-12-310001370755tcpc:AGYEquityLLCMembertcpc:ClassCCommonUnitsMember2025-01-012025-09-300001370755tcpc:KaseyaIncOneMember2025-01-012025-09-300001370755tcpc:LuckyUsBuyercoLlcGlobalPaymentsMember2024-12-310001370755tcpc:ESOSolutionsIncMember2025-01-012025-09-300001370755us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:EquitySecuritiesMembertcpc:ValuationTechniqueMarketComparableCompaniesMember2024-12-310001370755us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:ValuationTechniqueOptionPricingModelMemberus-gaap:EquitySecuritiesMembertcpc:MeasurementInputEBITDARevenueMultipleMember2024-12-310001370755Debt Investments Road and Rail Motive Technologies, Inc. (Keep Trucking) First Lien Incremental Term Loan 3 (1.0% Exit Fee) Ref SOFR(M) Floor 1.00% Spread 7.36% Total Coupon 11.53% Maturity 4/8/20272025-09-300001370755us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMembertcpc:MeasurementInputImpliedVolatilityMemberus-gaap:ValuationTechniqueOptionPricingModelMemberus-gaap:EquitySecuritiesMember2025-09-300001370755tcpc:AmeriLifeHoldingsLLCMember2025-01-012025-09-300001370755tcpc:BrownAndSettleIncMember2025-09-3000013707552023-09-300001370755us-gaap:FairValueInputsLevel3Member2024-12-310001370755us-gaap:DebtSecuritiesMemberus-gaap:InsuranceSectorMember2024-12-310001370755us-gaap:FairValueInputsLevel3Membertcpc:ValuationDesigneeMemberus-gaap:EquitySecuritiesMember2024-01-012024-09-300001370755tcpc:TwoThousandTwentyTwoNotesMember2025-09-300001370755Debt Investments Electrical Equipment Spark Buyer, LLC (Sparkstone) First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.25% Total Coupon 9.44% Maturity 10/15/20312025-09-300001370755Equity Securities Internet Software and Services InMobi, Inc. (Singapore) Warrants to Purchase Series E Preferred Stock Expiration 9/18/20252024-01-012024-12-310001370755Debt Investments Leisure Products Blue Star Sports Holdings, Inc. Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 5.90% Cash + 3.50% PIK Total Coupon 13.39% Maturity 6/15/20262024-12-310001370755Debt Investments Software Kaseya, Inc. First Lien Incremental Delayed Draw Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.50% Total Coupon 10.09% Maturity 6/25/20292024-12-310001370755us-gaap:FairValueInputsLevel3Membertcpc:BankDebtMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:IncomeApproachValuationTechniqueMembersrt:MaximumMember2024-12-310001370755Equity Securities Internet Software and Services SnapLogic, Inc. Warrants to Purchase Series Preferred Stock Expiration 3/19/20282025-01-012025-09-300001370755Debt Investments Construction and Engineering Homerenew Buyer, Inc. (Renovo) First Lien Term Loan Ref SOFR(M) Floor 2.50% Spread 11.10% PIK Total Coupon 15.46% Maturity 3/13/20252024-12-310001370755tcpc:FortyIntermediateHoldingsIncMemberus-gaap:CommonStockMember2025-01-012025-09-300001370755Debt Investments Insurance IT Parent, LLC First Lien Term Loan Ref SOFR(A) Floor 1.00% Spread 6.35% Total Coupon 10.67% Maturity 10/1/20262024-12-310001370755tcpc:TwoThousandTwentyNineNotesMembertcpc:AnnualPercentageRateAPRMemberus-gaap:UnsecuredDebtMember2024-05-302024-05-300001370755us-gaap:FairValueInputsLevel3Membertcpc:ValuationDesigneeMembertcpc:OtherCorporateDebtMember2025-01-012025-09-300001370755tcpc:ConsumerFinanceMemberus-gaap:DebtSecuritiesMember2024-12-310001370755us-gaap:NonUsMembersrt:MinimumMember2024-12-310001370755Debt Investments Software Disco Parent, Inc. (Duck Creek Technologies) First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 7.50% Total Coupon 12.01% Maturity 3/30/20292024-12-310001370755Equity Securities Chemicals AGY Equity, LLC Class A Preferred Stock2025-09-300001370755us-gaap:FairValueInputsLevel3Membertcpc:IndependentThirdPartyValuationMembertcpc:BankDebtMember2024-01-012024-09-300001370755Debt Investments Internet Software and Services Pluralsight, Inc. First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 3.00% Cash+ 1.50 PIK Total Coupon 8.70% Maturity 8/22/2029 One2025-09-300001370755us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMembertcpc:FundingFacilityMember2025-09-300001370755Debt Investments Software G-3 Apollo Acquisition Corp (Appriss Retail) Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 5.00% Total Coupon 9.12% Maturity 3/10/20312025-09-300001370755Debt Investments Hotels, Restaurants and Leisure Stonebridge Companies, LLC First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.00% Total Coupon 9.16% Maturity 5/16/20312025-09-300001370755tcpc:MergerSubFacilityMemberus-gaap:FederalFundsEffectiveSwapRateMember2024-03-180001370755Debt Investments IT Services Intercept Bidco, Inc. First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 1.00% Spread 6.00% Total Coupon 10.47% Maturity 6/3/20302024-12-310001370755tcpc:TwoThousandTwentyFiveNotesMemberus-gaap:UnsecuredDebtMemberus-gaap:ShareBasedCompensationAwardTrancheOneMember2024-03-180001370755tcpc:IndependentThirdPartyValuationMemberus-gaap:FairValueInputsLevel3Membertcpc:BankDebtMember2024-09-300001370755tcpc:SBADebenturesMembertcpc:TwoThousandAndSixteenSeptemberTwentyOneMember2024-01-012024-12-310001370755tcpc:TwoThousandTwentySixNotesMember2025-09-300001370755us-gaap:FairValueInputsLevel3Membertcpc:BankDebtMembertcpc:ValuationDesigneeMember2024-12-310001370755us-gaap:FairValueInputsLevel3Membertcpc:ValuationDesigneeMemberus-gaap:EquitySecuritiesMember2024-12-310001370755Debt Investments Aerospace & Defense Skydio, Inc First Lien Term Loan Ref SOFR(M) Floor 2.50% Spread 2.75% Cash + 2.75% PIK Total Coupon 10.02% Maturity 12/4/20292024-12-310001370755us-gaap:CommercialAndIndustrialSectorMemberus-gaap:DebtSecuritiesMember2025-09-300001370755Debt Investments Professional Services Applause App Quality, Inc. Sr Secured Revolver Ref SOFR(Q) Floor 1.50% Spread 5.75% Total Coupon 10.07% Maturity 10/24/20292025-09-300001370755Debt Investments Machinery Sonny’s Enterprises, LLC First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 5.65% Total Coupon 9.89% Maturity 8/5/20282025-09-300001370755Debt Investments Software Flexport Capital, LLC First Lien Term Loan Ref SOFR(M) Floor 2.00% Spread 5.50% Total Coupon 9.65% Maturity 6/30/20292025-09-300001370755tcpc:TwoThousandTwentyFiveNotesMember2025-09-300001370755Debt Investments Capital Markets PMA Parent Holdings, LLC Sr Secured Revolver Ref SOFR(Q) Floor 0.75% Spread 5.25% Total Coupon 9.58% Maturity 1/31/20312024-12-310001370755tcpc:BeekeeperBuyerIncMember2025-01-012025-09-300001370755tcpc:FlexportCapitalLLCMember2025-01-012025-09-300001370755Non-Controlled Affiliates, Homerenew Buyer, Inc. (Renovo), Class C-1 Common Units2024-12-310001370755us-gaap:FairValueInputsLevel3Membertcpc:BankDebtMembersrt:MinimumMemberus-gaap:MeasurementInputRevenueMultipleMembertcpc:ValuationTechniqueMarketComparableCompaniesMember2024-12-310001370755us-gaap:AdditionalPaidInCapitalMember2025-04-012025-06-300001370755tcpc:ClassBPreferredUnitsMembertcpc:AGYEquityLLCMember2024-01-012024-12-310001370755Debt Investments Capital Markets Wharf Street Rating Acquisition, LLC (KBRA) First Lien Delayed Draw Term Loan Ref SOFR(M) Floor 0.75% Spread 4.75% Total Coupon 8.91% Maturity 9/16/20322025-09-300001370755tcpc:FundingFacilityIIMembertcpc:AccordionMember2025-01-012025-09-300001370755us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMembertcpc:OperatingFacilityMember2023-06-150001370755Debt Investments Software Thunder Purchaser, Inc. (Vector Solutions) First Lien Incremental Delayed Draw Term Loan Ref SOFR(Q) Floor 1.00% Spread 5.40% Total Coupon 9.40% Maturity 6/30/20282025-09-300001370755tcpc:BlackrockCapitalInvestmentCorporationMember2024-03-182024-03-180001370755tcpc:MergerSubFacilityMembertcpc:AccordionMember2025-01-012025-09-300001370755tcpc:RestrictedSecuritiesAndBankDebtMember2025-09-300001370755us-gaap:FairValueInputsLevel3Membersrt:MinimumMemberus-gaap:ValuationTechniqueOptionPricingModelMemberus-gaap:EquitySecuritiesMembertcpc:MeasurementInputEBITDARevenueMultipleMember2025-09-300001370755tcpc:SBADebenturesMember2025-01-012025-09-300001370755Equity Securities Electric Utilities Conergy Asia Holdings Limited (United Kingdom) Class B Shares2024-12-310001370755Non-Controlled Affiliates, Hylan Global LLC, Parent Common Units2024-12-310001370755Controlled Affiliates, Conergy Asia Holdings Limited, Class B Shares2025-01-012025-09-300001370755Debt Investments Software Douglas Holdings, Inc (Docupace) Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 5.75% Cash + 0.38% PIK Total Coupon 10.45% Maturity 8/27/20302024-12-310001370755us-gaap:FairValueInputsLevel3Membertcpc:BankDebtMembertcpc:ValuationDesigneeMember2025-01-012025-09-300001370755tcpc:FirstUpIncMember2025-09-300001370755tcpc:IndependentThirdPartyValuationMemberus-gaap:FairValueInputsLevel3Membertcpc:OtherCorporateDebtMember2025-09-300001370755Controlled Affiliates, Gordon Brothers Finance Company, Preferred Stock2024-12-310001370755Debt Investments Internet Software and Services Magenta Buyer, LLC (McAfee) First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 7.01% Total Coupon 11.60% Maturity 7/27/20282024-12-310001370755Controlled Affiliates, AutoAlert, LLC, Senior Secured 1st Lien Term Loan, SOFR + 5.4%, 1% SOFR Floor, PIK toggle, due 3/31/282025-01-012025-09-300001370755Non-Controlled Affiliates, Hylan Novellus LLC, Class A Units2024-12-310001370755us-gaap:FairValueInputsLevel3Membertcpc:ValuationDesigneeMemberus-gaap:EquitySecuritiesMember2024-06-300001370755Equity Securities Professional Services JobandTalent USA, Inc. (United Kingdom) F1 Preferred Stock2025-09-300001370755Controlled Affiliates, 36th Street Capital Partners Holdings, LLC, Senior Note, 12%, due 11/30/252023-12-310001370755us-gaap:FairValueInputsLevel3Membertcpc:IndependentThirdPartyValuationMemberus-gaap:EquitySecuritiesMember2024-12-310001370755tcpc:EmeraldTechnologiesUSAcquisitionCoIncMember2024-12-310001370755tcpc:SkydioIncOneMember2025-01-012025-09-300001370755us-gaap:FairValueInputsLevel2Memberus-gaap:EquitySecuritiesMember2024-12-310001370755tcpc:MpulseMobileIncOneMember2025-01-012025-09-300001370755tcpc:CrewlineBuyerIncMember2025-09-300001370755Debt Investments Construction and Engineering PlayPower, Inc Sr Secured Revolver Ref SOFR(Q) Floor 0.75% Spread 5.25% Total Coupon 9.58% Maturity 8/28/20302024-12-310001370755tcpc:FidelisSVCLLCMembertcpc:PreferredUnit-CMember2024-01-012024-12-310001370755tcpc:SemiconductorsAndSemiconductorEquipmentMemberus-gaap:DebtSecuritiesMember2024-12-310001370755tcpc:SBADebenturesMembertcpc:TwoThousandAndEighteenSeptemberNineteenMember2024-12-310001370755Controlled Affiliates, AutoAlert, LLC, Senior Secured 2nd Lien Term Loan, SOFR + 9.4%, 1% SOFR Floor, PIK toggle, due 3/31/292023-12-310001370755Equity Securities Electric Utilities Conergy Asia Holdings Limited (United Kingdom) Class B Shares2025-09-300001370755us-gaap:FairValueInputsLevel3Membertcpc:MeasurementInputImpliedVolatilityMemberus-gaap:ValuationTechniqueOptionPricingModelMemberus-gaap:EquitySecuritiesMembersrt:MaximumMember2024-12-310001370755Equity Securities Diversified Consumer Services Razor Group GmbH (Germany) Warrants to Purchase Series C Shares Expiration 12/23/20292024-12-310001370755tcpc:O2024Q3DividendsMember2024-09-162024-09-160001370755Debt Investments Software Bluefin Holding, LLC (Allvue) Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 6.25% Total Coupon 10.57% Maturity 9/12/20292025-09-300001370755Debt Investments Real Estate Management and Development Greystone Select Company II, LLC (Passco) First Lien Term Loan Ref SOFR(M) Floor 1.50% Spread 6.61% Total Coupon 10.97% Maturity 3/21/20272024-12-310001370755tcpc:SparkBuyerLLCSPARKSTONEMember2024-12-310001370755Non-Controlled Affiliates, Iracore Investments Holdings, Inc., Class A Common Stock2025-01-012025-09-300001370755tcpc:TwoThousandTwentySixNotesMemberus-gaap:UnsecuredDebtMember2021-02-090001370755tcpc:ZilliantIncorporatedMember2025-09-300001370755Debt Investments Software Douglas Holdings, Inc (Docupace) First Lien Delayed Draw Term Loan B Ref SOFR(Q) Floor 1.00% Spread 5.75% Cash + 0.38% PIK Total Coupon 10.45% Maturity 8/27/20302024-12-310001370755Debt Investments Software Trintech, Inc. First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 5.50% Total Coupon 9.66% Maturity 7/25/20292025-09-300001370755us-gaap:NonUsMembersrt:MinimumMember2025-09-300001370755tcpc:PubliclyTradedCompanyMember2024-12-310001370755tcpc:SellerXGermanyGmbhAndCoKgMembertcpc:WarrantsToPurchaseCommonStockMember2024-01-012024-12-310001370755Non-Controlled Affiliates, TVG-Edmentum Holdings, LLC, Series B-2 Common Units2025-09-300001370755Non-Controlled Affiliates, Hylan Intermediate Holdings II LLC, Senior Secured 1st Lien Incremental Term Loan, SOFR + 6.25%, 2% SOFR Floor, due 4/5/292025-09-300001370755Debt Investments Insurance AmeriLife Holdings, LLC First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.00% Total Coupon 9.17% Maturity 8/31/20292025-09-300001370755tcpc:RBSBuyerIncOneMember2025-09-300001370755Controlled Affiliates, AutoAlert, LLC, Senior Secured 2nd Lien Term Loan, SOFR + 9.4%, 1% SOFR Floor, PIK toggle, due 3/31/292024-12-310001370755tcpc:ZilliantIncorporatedMember2025-01-012025-09-300001370755Debt Investments Diversified Consumer Services SellerX Germany GMBH & Co. KG (Germany) Sr Secured Revolver Ref SOFR(Q) Floor 0.00% Spread 5.00% Total Coupon 9.32% Maturity 11/05/20262025-09-300001370755Equity Securities Software Tradeshift, Inc. Warrants to Purchase Series D Preferred Stock Expiration 3/6/20272025-09-300001370755Controlled Affiliates, Kawa Solar Holdings Limited, Bank Guarantee Credit Facility, 0%, due 12/31/212024-12-310001370755us-gaap:FairValueInputsLevel1Membertcpc:BankDebtMember2024-12-310001370755Equity Securities Internet Software and Services SnapLogic, Inc. Warrants to Purchase Series Preferred Stock Expiration 3/19/20282024-12-3100013707552024-12-310001370755us-gaap:FairValueInputsLevel3Membertcpc:ValuationDesigneeMemberus-gaap:EquitySecuritiesMember2025-09-300001370755tcpc:ArasCorporationMember2025-01-012025-09-300001370755tcpc:IndependentThirdPartyValuationMemberus-gaap:FairValueInputsLevel3Member2024-01-012024-09-300001370755us-gaap:InvestmentAffiliatedIssuerControlledMember2025-09-300001370755tcpc:InternetSoftwareAndServicesMemberus-gaap:EquitySecuritiesMember2025-09-300001370755us-gaap:CommonStockMember2024-12-310001370755tcpc:ThunderPurchaserIncVectorSolutionsMember2025-09-300001370755us-gaap:FairValueInputsLevel3Membertcpc:AdvisorValuationsMemberus-gaap:EquitySecuritiesMember2024-12-310001370755tcpc:UtilidataIncMembertcpc:SeriesATwoPreferredStockMember2025-01-012025-09-300001370755Controlled Affiliates, Kawa Solar Holdings Limited, Revolving Credit Facility, 0%, due 12/31/212024-12-310001370755Debt Investments Oil, Gas and Consumable Fuels Iracore International Holdings, Inc. First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 9.15% Total Coupon 13.48% Maturity 4/12/20262024-12-310001370755Debt Investments Paper and Forest Products Alpine Acquisition Corp II (48Forty) Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 6.15% Total Coupon 10.32% Maturity 11/30/20292025-09-300001370755tcpc:FusionRiskManagementIncMember2025-09-300001370755us-gaap:CommonStockMember2024-06-300001370755us-gaap:UnsecuredDebtMembertcpc:TwoThousandTwentyFourNotesMember2022-01-012022-12-310001370755tcpc:InMobiIncMembertcpc:WarrantsToPurchaseCommonStockMember2025-01-012025-09-300001370755us-gaap:FairValueInputsLevel3Membertcpc:ValuationTechniqueMarketQuotationsMembertcpc:BankDebtMembertcpc:MeasurementInputIndicativeBidAskQuotesMember2024-12-310001370755tcpc:IndependentThirdPartyValuationMemberus-gaap:FairValueInputsLevel3Membertcpc:BankDebtMember2024-12-310001370755Controlled Affiliates, 36th Street Capital Partners Holdings, LLC, Membership Units2024-12-310001370755Non-Controlled Affiliates, Iracore Investments Holdings, Inc., Class A Common Stock2025-09-300001370755Debt Investments Professional Service JobandTalent USA, Inc. (United Kingdom) First Lien Delayed Draw Term Loan (5.0% Exit Fee) Ref SOFR(M) Floor 1.00% Spread 7.00% PIK Total Coupon 11.16% Maturity 10/13/2028 One2025-09-300001370755Debt Investments Health Care Technology Mpulse Mobile Inc. Sr Secured Revolver Ref SOFR(Q) Floor 0.75% Spread 4.75% Total Coupon 8.75% Maturity 8/26/20322025-09-300001370755Equity Securities Construction & Engineering Homerenew Buyer Inc. (Renovo) Class C-1 Common Units2025-09-300001370755us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputEbitdaMultipleMembersrt:MaximumMemberus-gaap:EquitySecuritiesMembertcpc:ValuationTechniqueMarketComparableCompaniesMember2024-12-310001370755tcpc:AccordionPartnersLlcOneMember2024-12-310001370755tcpc:HuckabeeAcquisitionLLCMoregroupOneMember2025-01-012025-09-300001370755Controlled Affiliates, Gordon Brothers Finance Company, Preferred Stock2025-09-300001370755Debt Investments Construction and Engineering Brown & Settle, Inc. First Lien Term Loan Ref SOFR(S) Floor 1.00% Spread 6.50% Total Coupon 10.51% Maturity 5/16/20302025-09-300001370755Debt Investments Internet Software and Services Domo, Inc. First Lien Delayed Draw Term Loan (7.0% Exit Fee) Ref SOFR(Q) Floor 1.50% Spread 3.30% Cash +5.00% PIK Total Coupon 12.19% Maturity 8/19/20282025-09-300001370755tcpc:StreamlandMediaMidcoLlcMember2025-09-300001370755Equity Securities Internet Software and Services Domo, Inc. Warrants to Purchase Common Stock Expiration 2/17/20282024-12-310001370755Debt Investments Internet Software and Services Persado, Inc. First Lien Delayed Draw Term Loan (6.575% Exit Fee) Ref SOFR(M) Floor 1.80% Spread 7.50% Total Coupon 11.78% Maturity 6/10/20272025-09-300001370755us-gaap:ConsumerSectorMemberus-gaap:DebtSecuritiesMember2025-09-300001370755tcpc:TwoThousandTwentyNineNotesMemberus-gaap:UnsecuredDebtMember2024-01-012024-09-300001370755Debt Investments Software Zendesk Inc. 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Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 4.65% Cash + 2.25% PIK Total Coupon 11.23% Maturity 12/17/20272024-12-310001370755tcpc:InterestRateOfEURIBORPlusMember2024-12-310001370755Equity Securities Electric Utilities Utilidata, Inc. Series A-2 Preferred Stock2024-12-310001370755tcpc:DouglasHoldingsIncDocupaceOneMember2024-12-310001370755tcpc:S2025Q3DividendsMember2025-09-162025-09-160001370755Non-Controlled Affiliates, Homerenew Buyer, Inc. (Renovo), Class A Preferred Units2025-01-012025-09-300001370755tcpc:XactlyCorporationMember2024-12-310001370755us-gaap:CommonStockMember2025-06-300001370755Non-Controlled Affiliates, Iracore International Holdings, Inc., Senior Secured 1st Lien Term Loan, SOFR + 9%, 1% SOFR Floor, due 4/12/262025-01-012025-09-300001370755tcpc:DragosIncOneMember2025-09-300001370755us-gaap:FairValueInputsLevel3Membertcpc:BankDebtMembertcpc:ValuationDesigneeMember2023-12-310001370755tcpc:PluralsightIncMemberus-gaap:CommonStockMember2025-01-012025-09-300001370755Debt Investments Software Kaseya, Inc. First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.50% Total Coupon 10.09% Maturity 6/25/20292024-12-310001370755Controlled Affiliates, Conergy Asia Holdings Limited, Class B Shares2025-09-300001370755Debt Investments Wireless Telecommunication Services OpenMarket, Inc. (Infobip) (United Kingdom) First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.75% Total Coupon 9.75% Maturity 6/11/20292025-09-300001370755tcpc:S2025Q2DividendsMember2025-05-082025-05-080001370755tcpc:FundingFacilityIIMember2025-01-012025-09-300001370755Debt Investments Insurance AmeriLife Holdings, LLC First Lien Term Loan Ref SOFR(S) Floor 0.75% Spread 5.00% Total Coupon 9.70% Maturity 8/31/20292024-12-310001370755us-gaap:FairValueInputsLevel1Member2025-09-300001370755Debt Investments Professional Services Chronicle Parent LLC (Lexitas) First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 1.00% Spread 5.00% Total Coupon 9.00% Maturity 4/15/20312025-09-300001370755Debt Investments Road and Rail Motive Technologies, Inc. (Keep Trucking) First Lien Term Loan (1.0% Exit Fee) Ref SOFR(M) Floor 1.00% Spread 7.36% Total Coupon 11.72% Maturity 4/8/20272024-12-310001370755Debt Investments Commercial Services & Supplies Kellermeyer Bergensons Services, LLC First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 1.90% Cash + 3.50% PIK Total Coupon 9.99% Maturity 11/6/20282024-12-310001370755Debt Investments Internet Software and Services Gympass US, LLC First Lien Delayed Draw Term Loan Ref SOFR(M) Floor 1.00% Spread 3.25% Cash + 3.25% PIK Total Coupon 10.97% Maturity 8/29/20292024-12-310001370755us-gaap:InvestmentAffiliatedIssuerNoncontrolledMember2024-01-012024-12-310001370755tcpc:OneMonthContractsMember2024-08-012024-08-010001370755tcpc:TwoThousandTwentyTwoNotesMember2017-12-310001370755Debt Investments Capital Markets Wharf Street Rating Acquisition, LLC (KBRA) First Lien Term Loan Ref SOFR(M) Floor 0.75% Spread 4.75% Total Coupon 8.91% Maturity 9/16/20322025-09-300001370755tcpc:TwoThousandNineteenConvertibleNotesMember2018-12-310001370755Debt Investments Professional Services Huckabee Acquisition, LLC (MOREgroup) First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 1.00% Spread 5.25% Total Coupon 9.58% Maturity 1/16/20302024-12-310001370755tcpc:TwoThousandAndNineteenSeptemberTwentyFiveMembertcpc:SBADebenturesMember2025-01-012025-09-300001370755Debt Investments Construction and Engineering Homerenew Buyer, Inc. (Renovo) Sr Secured Revolver Ref SOFR(M) Floor 1.00% Spread 8.60% PIK Total Coupon 12.94% Maturity 11/23/20272024-12-310001370755us-gaap:RealEstateSectorMemberus-gaap:DebtSecuritiesMember2024-12-310001370755Debt Investments Internet Software and Services Oranje Holdco, Inc. (KnowBe4) First Lien Incremental Term Loan SOFR(Q) Floor 1.00% Spread 7.25% Total Coupon 11.82% Maturity 2/1/20292024-12-310001370755Debt Investments Leisure Products Blue Star Sports Holdings, Inc. First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 5.90% Cash + 3.50% PIK Total Coupon 13.99% Maturity 6/15/20262024-12-310001370755tcpc:WorldremitGroupLimitedMembertcpc:SeriesXSharesMember2025-01-012025-09-3000013707552016-12-310001370755tcpc:SBADebenturesMembertcpc:TwoThousandAndEighteenSeptemberNineteenMember2025-01-012025-09-300001370755Debt Investments Containers & Packaging BW Holding, Inc. (Brook & Whittle) Second Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 7.65% Total Coupon 12.16% Maturity 12/14/20292024-12-310001370755tcpc:DeemedInvestmentMembersrt:MinimumMember2025-09-300001370755Debt Investments Diversified Consumer Services SellerX Germany GmbH (Germany) Sr Secured Revolver Ref SOFR(Q) Floor 0.00% Spread 9.00% Total Coupon 13.49% Maturity 11/22/20292024-12-310001370755tcpc:BynderBidcoBVNetherlandsOneMember2025-01-012025-09-300001370755us-gaap:RetainedEarningsMember2025-09-300001370755Debt Investments Professional Services ICIMS, Inc. First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.75% Total Coupon 10.38% Maturity 8/18/20282024-12-310001370755Debt Investments Construction and Engineering Titan Home Improvement, LLC (Renuity) First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 5.75% Total Coupon 10.26% Maturity 5/31/20302024-12-310001370755Debt Investments Electrical Equipment Spark Buyer, LLC (Sparkstone) First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.25% Total Coupon 9.77% Maturity 10/15/20312024-12-310001370755tcpc:IntegrityMarketingAcquisitionLLCMember2025-01-012025-09-300001370755tcpc:JobandTalentUSAIncMembertcpc:F1PreferredStockMember2024-01-012024-12-310001370755Debt Investments Construction and Engineering Homerenew Buyer, Inc. (Renovo) First Lien Term Loan Ref SOFR(Q) Floor 0.00% Spread 8.15% PIK Total Coupon 12.38% Maturity 4/14/20302025-09-300001370755us-gaap:DebtSecuritiesMembertcpc:SoftwareMember2024-12-310001370755tcpc:PluralsightIncOneMember2024-12-310001370755us-gaap:MachineryAndEquipmentMemberus-gaap:DebtSecuritiesMember2025-09-300001370755us-gaap:FairValueInputsLevel3Membertcpc:BankDebtMembersrt:MinimumMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:IncomeApproachValuationTechniqueMember2025-09-300001370755Debt Investments Professional Services CIBT Solutions, Inc. Second Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 6.75% PIK Total Coupon 11.11% Maturity 12/31/20272024-12-310001370755Debt Investments Hotels, Restaurants and Leisure OCM Luxembourg Baccarat BidCo S.À R.L. (Interblock) (Slovenia) First Lien Term Loan Ref SOFR(Q) Floor 2.00% Spread 6.25% Total Coupon 10.69% Maturity 6/3/20272024-12-310001370755tcpc:ITServicesMemberus-gaap:DebtSecuritiesMember2025-09-300001370755Debt Investments Real Estate Management and Development Greystone Affordable Housing Initiatives, LLC First Lien Delayed Draw Term Loan Ref SOFR(S) Floor 1.25% Spread 6.43% Total Coupon 11.57% Maturity 3/2/20262024-12-310001370755Debt Investments Software G-3 Apollo Acquisition Corp (Appriss Retail) First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 5.00% Total Coupon 9.07% Maturity 3/10/20312025-09-300001370755Debt Investments Paper and Forest Products Alpine Acquisition Corp II (48Forty) First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 6.15% Total Coupon 10.32% Maturity 11/30/2029 One2025-09-300001370755us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:MeasurementInputRevenueMultipleMemberus-gaap:EquitySecuritiesMembertcpc:ValuationTechniqueMarketComparableCompaniesMember2024-12-310001370755tcpc:IndependentThirdPartyValuationMemberus-gaap:FairValueInputsLevel3Membertcpc:BankDebtMember2025-07-012025-09-300001370755Equity Securities Diversified Consumer Services Razor US LP Common Units2024-12-310001370755Debt Investments Household Durables Bad Boy Mowers JV Acquisition, LLC First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 5.25% Total Coupon 9.39% Maturity 11/9/20292025-09-300001370755tcpc:TwoThousandTwentySixNotesMember2025-09-300001370755us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMembertcpc:BankDebtMemberus-gaap:MeasurementInputRevenueMultipleMembertcpc:ValuationTechniqueMarketComparableCompaniesMember2025-09-300001370755Debt Investments Building Products Porcelain Acquisition Corporation (Paramount) First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 6.10% Total Coupon 10.43% Maturity 4/30/20272024-12-310001370755tcpc:USGovernmentMoneyMarketFundMember2024-12-310001370755Debt Investments Diversified Financial Services SitusAMC Holdings Corporation First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.50% Total Coupon 9.50% Maturity 5/14/20312025-09-300001370755Debt Investments Textiles, Apparel and Luxury Goods WH Borrower, LLC First Lien Term Loan Ref SOFR(Q) Floor 0.50% Spread 5.50% Total Coupon 10.15% Maturity 2/15/20272024-12-310001370755tcpc:RoadAndRailMemberus-gaap:DebtSecuritiesMember2024-12-310001370755tcpc:ChronicleParentLLCMember2025-01-012025-09-300001370755us-gaap:FairValueInputsLevel3Membertcpc:MeasurementInputImpliedVolatilityMembersrt:MinimumMemberus-gaap:ValuationTechniqueOptionPricingModelMemberus-gaap:EquitySecuritiesMember2025-09-300001370755tcpc:AccordionPartnersLlcOneMember2025-09-300001370755tcpc:TwoThousandTwentySixNotesMember2022-12-310001370755us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMembertcpc:BankDebtMemberus-gaap:ValuationTechniqueOptionPricingModelMemberus-gaap:MeasurementInputExpectedTermMember2024-01-012024-12-310001370755Equity Securities Software Tradeshift, Inc. Warrants to Purchase Series D Preferred Stock Expiration 3/6/20272025-01-012025-09-300001370755us-gaap:ChemicalsSectorMemberus-gaap:EquitySecuritiesMember2025-09-300001370755tcpc:G-3ApolloAcquisitionCorpApprissRetailOneMember2025-09-300001370755tcpc:O2024Q2DividendsMember2024-05-010001370755tcpc:FundingFacilityIMember2020-12-310001370755Controlled Affiliates, 36th Street Capital Partners Holdings, LLC, Senior Note, 12%, due 11/30/252024-12-310001370755us-gaap:FairValueInputsLevel3Membertcpc:BankDebtMembertcpc:ValuationDesigneeMember2024-07-012024-09-300001370755tcpc:RialtoManagementGroupLLCMember2025-09-300001370755tcpc:BeekeeperBuyerIncMember2025-09-300001370755Debt Investments Internet Software and Services Spartan Bidco Pty Ltd (StarRez) (Australia) First Lien Incremental Term Loan Ref SOFR(Q) Floor 0.75% Spread 0.90% Cash + 6.25% PIK Total Coupon 11.78% Maturity 1/24/20282024-12-310001370755us-gaap:FinancialServicesSectorMemberus-gaap:DebtSecuritiesMember2024-12-310001370755Debt Investments Healthcare Providers and Services Team Services Group, LLC Second Lien Term Loan Ref Prime Floor 1.00% Spread 9.11% Total Coupon 13.47% Maturity 11/13/20282024-12-310001370755tcpc:InterceptBidcoIncMember2025-09-300001370755us-gaap:FairValueInputsLevel3Membertcpc:AssetApproachValuationTechniqueMembertcpc:BankDebtMember2024-12-310001370755Equity Securities Internet Software and Services Pluralsight, Inc. Common Stock2024-12-310001370755Debt Investments Professional Service JobandTalent USA, Inc. (United Kingdom) First Lien Term Loan (5.0% Exit Fee) Ref SOFR(M) Floor 1.00% Spread 7.00% PIK Total Coupon 11.16% Maturity 10/13/20282025-09-300001370755tcpc:PMAParentHoldingsLLCMember2025-01-012025-09-300001370755tcpc:SkydioIncMember2025-09-300001370755tcpc:CompanyRepurchasePlanMember2024-01-012024-09-300001370755Debt Investments Containers & Packaging PVHC Holding Corp. First Lien Term Loan Ref SOFR(Q) Floor 2.50% Spread 6.15% Cash + 0.75% PIK Total Coupon 11.18% Maturity 2/17/20272024-12-310001370755tcpc:IndependentThirdPartyValuationMemberus-gaap:FairValueInputsLevel3Membertcpc:OtherCorporateDebtMember2025-07-012025-09-300001370755tcpc:SeriesAOnePreferredStockMembertcpc:UtilidataIncMember2024-01-012024-12-310001370755tcpc:SBADebenturesMember2024-12-310001370755Debt Investments Media Khoros, LLC (Lithium) First Lien Incremental Term Loan Ref SOFR(Q) Floor 1.00% Spread 4.50% Cash + 4.50% PIK Total Coupon 15.59% Maturity 1/3/20252024-12-310001370755Debt Investments Electrical Equipment Griffon Bidco Inc First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.00% Total Coupon 9.00% Maturity 07/31/20312025-09-3000013707552023-01-012023-03-310001370755tcpc:WorldremitGroupLimitedMembertcpc:WarrantsToPurchaseSeriesDStockMember2025-01-012025-09-300001370755Debt Investments IT Services Intercept Bidco, Inc. Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 6.00% Total Coupon 10.32% Maturity 6/3/20302025-09-300001370755tcpc:ESOSolutionsIncMember2024-12-310001370755Debt Investments Diversified Financial Services Rialto Management Group, LLC Sr Secured Revolver Ref SOFR(M) Floor 0.75% Spread 5.00% Total Coupon 9.33% Maturity 12/5/20302025-09-300001370755Debt Investments Consumer Finance Lucky US BuyerCo, LLC (Global Payments) First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 7.50% Total Coupon 11.83% Maturity 3/30/20292024-12-310001370755srt:MinimumMemberus-gaap:InvestmentAffiliatedIssuerNoncontrolledMember2025-09-300001370755us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputDiscountRateMemberus-gaap:IncomeApproachValuationTechniqueMemberus-gaap:EquitySecuritiesMember2025-09-300001370755Equity Securities Diversified Financial Services 36th Street Capital Partners Holdings, LLC Membership Units2025-09-300001370755us-gaap:HealthcareSectorMemberus-gaap:DebtSecuritiesMember2024-12-310001370755us-gaap:FairValueInputsLevel2Memberus-gaap:EquitySecuritiesMember2025-09-300001370755Equity Securities Diversified Financial Services Worldremit Group Limited (United Kingdom) Warrants to Purchase Series D Stock Expiration 2/11/20312024-01-012024-12-310001370755HomeRenew Buyer,INC, Senior Secured First Lien Term Loan, SOFR + 6.5%, 2.5% SOFR Floor, due 4/14/302025-09-300001370755tcpc:SBADebenturesMember2019-12-310001370755Debt Investments Construction and Engineering Vortex Companies, LLC First Lien Delayed Draw Term Loan Ref SOFR(M) Floor 1.00% Spread 5.00% Total Coupon 9.16% Maturity 9/4/20292025-09-300001370755Debt Investments Construction and Engineering Homerenew Buyer, Inc. (Renovo) First Lien Team Loan Ref SOFR(Q) Floor 0.00% Spread 6.65% PIK Total Coupon 10.88% Maturity 4/14/20302025-09-300001370755tcpc:StonebridgeCompaniesLLCMember2024-12-310001370755Non-Controlled Affiliates, Iracore Investments Holdings, Inc., Class A Common Stock2023-12-310001370755Debt Investments Automobiles AutoAlert, LLC First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 5.40% Total Coupon 9.69% Maturity 3/31/20282025-09-300001370755Debt Investments Software GTY Technology Holdings Inc. Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 6.00% Total Coupon 10.00% Maturity 7/9/20292025-09-300001370755Debt Investments Professional Services ICIMS, Inc. Sr Secured Revolver Ref SOFR(Q) Floor 0.75% Spread 5.75% Total Coupon 10.06% Maturity 8/18/20282025-09-300001370755Debt Investments Software Integrate.com, Inc. First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 1.00% Spread 4.65% Cash + 2.25% PIK Total Coupon 10.90% Maturity 12/17/20272025-09-300001370755tcpc:OperatingFacilityMember2016-12-310001370755Debt Investments Consumer Finance Money Transfer Acquisition Inc. First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 8.35% Total Coupon 12.51% Maturity 12/14/20272025-09-300001370755Debt Investments Software Aras Corporation First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 5.00% Total Coupon 9.00% Maturity 4/13/20292025-09-300001370755us-gaap:FairValueInputsLevel3Membertcpc:ValuationDesigneeMember2024-06-300001370755Non-Controlled Affiliates, TVG-Edmentum Holdings, LLC, Series B-2 Common Units2025-01-012025-09-300001370755tcpc:AGYEquityLLCMembertcpc:ClassAPreferredUnitsMember2024-01-012024-12-310001370755tcpc:OilGasAndConsumableFuelsMemberus-gaap:DebtSecuritiesMember2024-12-310001370755Debt Investments Diversified Financial Services Accordion Partners LLC First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.25% Total Coupon 9.58% Maturity 11/15/20312024-12-310001370755Equity Securities Internet Software and Services SuCo Investors, LP (Suited Connector) Warrants to Purchase Class A Units Expiration 03/06/20332024-01-012024-12-310001370755tcpc:TitanHomeImprovementLlcRenuityMember2025-09-300001370755Controlled Affiliates, 36th Street Capital Partners Holdings, LLC, Membership Units2024-01-012024-12-310001370755tcpc:MergerSubFacilityMember2025-09-300001370755tcpc:MpulseMobileIncMember2025-01-012025-09-300001370755tcpc:DouglasHoldingsIncDocupaceThreeMember2024-12-310001370755tcpc:BonterraLlcFkaCyberGrantsHoldingsLlcMember2025-01-012025-09-300001370755Equity Securities Diversified Financial Services Worldremit Group Limited (United Kingdom) Warrants to Purchase Series E Stock Expiration 8/17/20312025-01-012025-09-300001370755Non-Controlled Affiliates, Hylan Intermediate Holdings II LLC, Senior Secured 1st Lien Incremental Term Loan, SOFR + 6.25%, 2% SOFR Floor, due 4/5/292025-01-012025-09-300001370755tcpc:SBADebenturesMembertcpc:TwoThousandAndEighteenMarchTwentyOneMember2024-01-012024-12-310001370755us-gaap:RetainedEarningsMember2025-01-012025-03-310001370755us-gaap:CommonStockMember2025-01-012025-03-310001370755srt:MaximumMember2019-02-080001370755tcpc:LighthouseParentHoldingsIncApertureOneMember2025-09-300001370755tcpc:BankDebtMember2025-09-300001370755tcpc:RialtoManagementGroupLLCMember2024-12-310001370755tcpc:TwoThousandTwentyTwoConvertibleNotesMember2016-12-310001370755us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:MeasurementInputDiscountRateMembertcpc:OtherCorporateDebtMemberus-gaap:IncomeApproachValuationTechniqueMember2024-12-310001370755us-gaap:FairValueInputsLevel3Membertcpc:ValuationDesigneeMembertcpc:OtherCorporateDebtMember2025-09-300001370755tcpc:LuckyUsBuyercoLlcGlobalPaymentsMember2025-01-012025-09-300001370755us-gaap:FairValueInputsLevel3Membertcpc:AdvisorValuationsMembertcpc:BankDebtMember2024-12-310001370755Debt Investments Construction and Engineering JF Acquisition, LLC (JF Petroleum) First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 5.75% Total Coupon 9.89% Maturity 6/18/20302025-09-300001370755tcpc:SeriesTwoThousandTwentyTwoASeniorNotesMemberus-gaap:UnsecuredDebtMembertcpc:BlackrockCapitalInvestmentCorporationMemberus-gaap:ShareBasedCompensationAwardTrancheOneMember2024-03-180001370755us-gaap:InvestmentAffiliatedIssuerControlledMember2024-12-310001370755tcpc:OperatingFacilityMember2022-12-310001370755us-gaap:InvestmentUnaffiliatedIssuerMember2025-01-012025-09-300001370755tcpc:TwoThousandTwentyTwoConvertibleNotesMember2025-09-300001370755Debt Investments IT Services Crewline Buyer, Inc. (New Relic) First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 6.75% Total Coupon 10.91% Maturity 11/8/20302025-09-300001370755Debt Investments Diversified Consumer Services Razor Group Holdings II, Inc. (Germany) First Lien A Term Loan Ref Fixed Spread 2.50% Cash + 5.00% PIK Total Coupon 7.50% Maturity 9/30/20282024-12-310001370755tcpc:FusionHoldingCorpFinalsiteMember2025-01-012025-09-300001370755tcpc:LighthouseParentHoldingsIncApertureOneMember2025-01-012025-09-300001370755tcpc:GreyOrangeInternationalIncMembertcpc:WarrantsToPurchaseCommonStockMember2025-01-012025-09-300001370755tcpc:TwoThousandNineteenConvertibleNotesMember2019-12-310001370755us-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputEbitdaMultipleMembersrt:MaximumMemberus-gaap:EquitySecuritiesMembertcpc:ValuationTechniqueMarketComparableCompaniesMember2025-09-300001370755tcpc:SBADebenturesMembertcpc:TwoThousandAndEighteenMarchTwentyOneMember2025-09-300001370755Non-Controlled Affiliates, HomeRenew Buyer, Inc., Senior Secured Super Priority Delayed Draw Term Loan, SOFR + 9.5%, 2.5% SOFR Floor, due 4/14/302025-01-012025-09-300001370755tcpc:SBADebenturesMembertcpc:TwoThousandAndSixteenSeptemberTwentyOneMember2025-09-300001370755us-gaap:FairValueInputsLevel2Membertcpc:OtherCorporateDebtMember2024-12-310001370755Debt Investments Technology Hardware, Storage & Peripherals SumUp Holdings Luxembourg S.A.R.L. (Luxembourg) First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 1.00% Spread 6.50% Total Coupon 11.01% Maturity 4/25/20312024-12-310001370755tcpc:LjAvalonHoldingsLlcArdurraMember2025-01-012025-09-300001370755tcpc:AlcamiCorporationMember2025-01-012025-09-300001370755tcpc:SBADebenturesMember2025-09-300001370755tcpc:HealthCareTechnologyMemberus-gaap:DebtSecuritiesMember2025-09-300001370755tcpc:ApprissHealthLLCMember2025-01-012025-09-300001370755Debt Investments Construction and Engineering LJ Avalon Holdings, LLC (Ardurra) First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 1.00% Spread 5.00% Total Coupon 9.51% Maturity 2/1/20302024-12-310001370755Equity Securities Communications Equipment Plate Newco 1Limited (Avanti) (United Kingdom) Common Stock2024-12-310001370755tcpc:KaseyaIncOneMember2024-12-310001370755Equity Securities Automobiles AA Acquisition Aggregator, LLC (AutoAlert) Common Stock2024-12-310001370755us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMembertcpc:OperatingFacilityMember2025-01-012025-09-300001370755tcpc:TitanHomeImprovementLlcRenuityMember2024-12-310001370755Debt Investments Automobiles ALCV Purchaser, Inc. (AutoLenders) First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 7.01% Total Coupon 11.34% Maturity 2/25/20262024-12-310001370755tcpc:MROParentCorporationMember2025-01-012025-09-300001370755us-gaap:FairValueInputsLevel3Membertcpc:ValuationDesigneeMember2024-07-012024-09-300001370755tcpc:S2025Q3DividendsMember2025-08-072025-08-070001370755tcpc:TwoThousandTwentyFiveNotesMemberus-gaap:UnsecuredDebtMembertcpc:BlackrockCapitalInvestmentCorporationMemberus-gaap:ShareBasedCompensationAwardTrancheOneMember2025-07-210001370755us-gaap:DebtSecuritiesMembertcpc:ElectricUtilitiesMember2024-12-310001370755us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMembertcpc:MergerSubFacilityMember2024-03-180001370755tcpc:LuckyUsBuyercoLlcGlobalPaymentsMember2025-09-300001370755tcpc:OranjeHoldcoIncKnowbe4IncMember2024-12-310001370755Debt Investments Software Douglas Holdings, Inc (Docupace) First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 5.75% Cash + 0.38% PIK Total Coupon 10.45% Maturity 8/27/20302024-12-310001370755Debt Investments Software Honey Intermediate, Inc. (iLobby) (Canada) Sr Secured Revolver Ref SOFR(M) Floor 1.00% Spread 2.88% Cash+3.38 PIK Total Coupon 10.58% Maturity 9/26/20302025-09-300001370755tcpc:AcquiaIncMember2024-12-310001370755Debt Investments Software Integrate.com, Inc. Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 4.65% Cash+2.25 PIK Total Coupon 10.90% Maturity 12/17/20272025-09-300001370755us-gaap:AdditionalPaidInCapitalMember2024-09-300001370755tcpc:DNAnexusIncMember2025-01-012025-09-300001370755Debt Investments Software Kong Inc. First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 5.50%Cash + 3.25% PIK Total Coupon 13.42% Maturity 11/1/20272024-12-310001370755tcpc:StreamlandMediaMidcoLlcMember2025-01-012025-09-300001370755us-gaap:FairValueInputsLevel3Membertcpc:IndependentThirdPartyValuationMembertcpc:OtherCorporateDebtMember2024-06-300001370755tcpc:DeeplSeMember2025-09-300001370755tcpc:BluefinHoldingLlcAllvueMember2025-01-012025-09-300001370755tcpc:SkydioIncOneMember2024-12-310001370755Debt Investments Software Clever Devices Ltd. Sr Secured Revolver Ref SOFR(M) Floor 1.00% Spread 6.00% Total Coupon 10.36% Maturity 6/12/20302024-12-310001370755Debt Investments Internet Software and Services e-Discovery Acquireco, LLC (Reveal) Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 6.25% Total Coupon 10.76% Maturity 8/29/20292024-12-310001370755Non-Controlled Affiliates, TVG-Edmentum Holdings, LLC, Series C-2 Preferred Units2023-12-310001370755Controlled Affiliates, 36th Street Capital Partners Holdings, LLC, Membership Units2025-01-012025-09-300001370755tcpc:ApprissHealthLLCMember2024-12-310001370755Debt Investments Internet Software and Services Spartan Bidco Pty Ltd (StarRez) (Australia) Sr Secured Revolver Ref SOFR(Q) Floor 0.75% Spread 6.65% Total Coupon 10.93% Maturity 1/24/20282025-09-300001370755Controlled Affiliates, Fishbowl, Inc., Senior Secured 1st Lien Term Loan, SOFR + 5%, 1% SOFR Floor, 7.50% EOT, due 05/27/20272025-09-300001370755Non-Controlled Affiliates, Hylan Novellus LLC, Class A Units2023-12-310001370755Debt Investments Software Flexport Capital, LLC First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 2.00% Spread 5.50% Total Coupon 9.65% Maturity 6/30/20292025-09-300001370755tcpc:AlphasenseIncMember2025-09-300001370755us-gaap:RetailSectorMemberus-gaap:DebtSecuritiesMember2024-12-310001370755Debt Investments Semiconductors and Semiconductor Equipment Emerald Technologies (U.S.) AcquisitionCo, Inc. Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 6.15% Total Coupon 10.14% Maturity 12/29/20262025-09-300001370755us-gaap:FairValueInputsLevel2Member2024-12-310001370755tcpc:TitanHomeImprovementLlcRenuityOneMember2025-09-300001370755Debt Investments Healthcare Providers and Services INH Buyer, Inc. (IMA Health) First Lien Term Loan (1.5% Exit Fee) Ref SOFR(Q) Floor 1.00% Spread 7.00% Total Coupon 11.43% Maturity 6/28/20282024-12-310001370755tcpc:JobandTalentUSAIncMembertcpc:F3PreferredStockMember2024-01-012024-12-310001370755Non-Controlled Affiliates, Iracore International Holdings, Inc., Senior Secured 1st Lien Term Loan, SOFR + 9%, 1% SOFR Floor, due 4/12/262023-12-310001370755Controlled Affiliates, Kawa Solar Holdings Limited, Revolving Credit Facility, 0%, due 12/31/212025-09-300001370755us-gaap:MachineryAndEquipmentMemberus-gaap:DebtSecuritiesMember2024-12-310001370755Debt Investments Paper and Forest Products Alpine Acquisition Corp II (48Forty) First Lien Participation Tranche 1 Term Loan Ref SOFR(Q) Floor 1.00% Spread 6.15% Total Coupon 10.32% Maturity 11/30/20292025-09-300001370755tcpc:EDiscoveryAcquireCoLlcMember2025-01-012025-09-300001370755tcpc:TwoThousandTwentyNineNotesMember2025-09-300001370755Debt Investments Capital Markets Pico Quantitative Trading, LLC First Lien Incremental Term Loan Ref SOFR(Q) Floor 1.50% Spread 7.51% Total Coupon 12.10% Maturity 2/8/20272024-12-310001370755Debt Investments Internet Software and Services Bynder Bidco, Inc. (Netherlands) First Lien Term Loan A Ref SOFR(Q) Floor 1.00% Spread 6.00% Total Coupon 10.62% Maturity 1/26/20292024-12-310001370755Controlled Affiliates, AA Acquisition Aggregator, LLC, Ordinary Shares2023-12-310001370755tcpc:ABRBorrowingsMembertcpc:OperatingFacilityMembersrt:MaximumMember2021-06-220001370755tcpc:S2025Q1DividendsMember2025-03-312025-03-310001370755tcpc:OperatingFacilityMember2021-12-310001370755tcpc:OperatingFacilityMember2024-12-310001370755tcpc:BankDebtMember2024-12-310001370755us-gaap:FairValueInputsLevel3Membertcpc:MeasurementInputBookValueMultiplesMembertcpc:OtherCorporateDebtMembertcpc:ValuationTechniqueMarketComparableCompaniesMember2025-09-300001370755tcpc:RialtoManagementGroupLLCMember2025-01-012025-09-300001370755tcpc:SumupHoldingsLuxembourgSARLLuxembourgMember2024-12-310001370755tcpc:UtilidataIncMemberus-gaap:CommonStockMember2024-01-012024-12-310001370755Controlled Affiliates, Kawa Solar Holdings Limited, Series B Preferred Shares2024-12-310001370755us-gaap:FairValueInputsLevel3Membertcpc:IndependentThirdPartyValuationMemberus-gaap:EquitySecuritiesMember2025-09-300001370755tcpc:TwoThousandTwentyTwoConvertibleNotesMember2024-12-310001370755Debt Investments Real Estate Management and Development Greystone Affordable Housing Initiatives, LLC First Lien Delayed Draw Term Loan Ref SOFR(S) Floor 1.25% Spread 6.43% Total Coupon 10.63% Maturity 3/2/20262025-09-300001370755tcpc:GriffonBidcoIncMember2025-09-300001370755tcpc:FlexportCapitalLLCMember2025-09-300001370755Debt Investments Machinery Sonny’s Enterprises, LLC First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 5.65% Total Coupon 10.17% Maturity 8/5/20282024-12-310001370755srt:MinimumMembertcpc:PubliclyTradedCompanyMember2025-09-300001370755Equity Securities Electric Utilities Kawa Solar Holdings Limited (Conergy) (Cayman Islands) Series B Preferred Shares2025-09-300001370755Debt Investments Wireless Telecommunication Services OpenMarket, Inc. (Infobip) (United Kingdom) First Lien Term Loan Ref SOFR(Q) Floor 0.00% Spread 6.51% Total Coupon 10.84% Maturity 9/17/20262024-12-310001370755Equity Securities Internet Software and Services InMobi, Inc. (Singapore) Warrants to Purchase Common Stock Expiration 8/15/20272024-01-012024-12-310001370755Non-Controlled Affiliates, HomeRenew Buyer, Inc., Senior Secured Super Priority Delayed Draw Term Loan, SOFR + 9.5%, 2.5% SOFR Floor, due 4/14/302024-12-310001370755Debt Investments IT Services Intercept Bidco, Inc. Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 6.00% Total Coupon 10.47% Maturity 6/3/20302024-12-310001370755Equity Securities Electric Utilities Kawa Solar Holdings Limited (Conergy) (Cayman Islands) Series B Preferred Shares2024-12-310001370755Debt Investments Capital Markets PMA Parent Holdings, LLC Sr Secured Revolver Ref SOFR(Q) Floor 0.75% Spread 5.50% Total Coupon 9.80% Maturity 1/31/20312025-09-300001370755Debt Investments Health Care Technology Mpulse Mobile Inc. First Lien Delayed Draw Term Loan Ref SOFR(Q) Floor 0.75% Spread 4.75% Total Coupon 8.75% Maturity 8/26/20322025-09-300001370755us-gaap:InvestmentAffiliatedIssuerControlledMembersrt:MinimumMember2024-12-310001370755us-gaap:InvestmentAffiliatedIssuerNoncontrolledMember2024-12-310001370755us-gaap:FairValueInputsLevel3Membersrt:MinimumMemberus-gaap:ValuationTechniqueOptionPricingModelMemberus-gaap:EquitySecuritiesMembertcpc:MeasurementInputEBITDARevenueMultipleMember2024-12-310001370755tcpc:MergerSubFacilityMembersrt:MinimumMembertcpc:EurocurrencyLoansMember2024-03-180001370755tcpc:O2024Q3DividendsMember2024-09-302024-09-300001370755Debt Investments Building Products Air Distribution Technologies Inc First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 6.00% Total Coupon 10.55% Maturity 8/12/20302024-12-310001370755Debt Investments Software Douglas Holdings, Inc (Docupace) First Lien PIK Delayed Draw Term Loan Ref SOFR(Q) Floor 1.00% Spread 6.13% Total Coupon 10.13% Maturity 8/27/20302025-09-300001370755Non-Controlled Affiliates, Homerenew Buyer, Inc. (Renovo), Class C-1 Common Units2025-01-012025-09-300001370755tcpc:PluralsightIncOneMember2025-09-300001370755Controlled Affiliates, Fishbowl INC., Common Membership Units2023-12-310001370755Debt Investments Software Aras Corporation Sr Secured Revolver Ref SOFR(M) Floor 1.00% Spread 5.25% Total Coupon 9.59% Maturity 4/13/20292024-12-310001370755Debt Investments Internet Software and Services Domo, Inc. First Lien Delayed Draw Term Loan (7.0% Exit Fee) Ref SOFR(Q) Floor 1.50% Spread 3.00% Cash + 5.00% PIK Total Coupon 12.49% Maturity 8/19/20282024-12-310001370755Debt Investments Textiles, Apparel and Luxury Goods James Perse Enterprises, Inc. First Lien Term Loan Ref SOFR(S) Floor 1.00% Spread 6.35% Total Coupon 10.50% Maturity 9/8/20272024-12-310001370755tcpc:EconomicRecessionsOrDownturnsMember2025-01-012025-09-300001370755us-gaap:RetainedEarningsMember2024-03-310001370755us-gaap:DebtSecuritiesMember2024-12-310001370755tcpc:KaseyaIncMember2025-01-012025-09-300001370755Debt Investments Software Dragos, Inc. First Lien Delayed Draw Term Loan Ref SOFR(S) Floor 1.00% Spread 5.25% Total Coupon 9.42% Maturity 6/30/2030 One2025-09-300001370755us-gaap:FairValueInputsLevel3Membertcpc:BankDebtMemberus-gaap:ValuationTechniqueOptionPricingModelMembersrt:MaximumMembertcpc:MeasurementInputEBITDARevenueMultipleMember2024-12-310001370755tcpc:TwoThousandTwentyTwoConvertibleNotesMember2021-12-310001370755Debt Investments Internet Software and Services Spartan Bidco Pty Ltd (StarRez) (Australia) First Lien Incremental Term Loan Ref SOFR(Q) Floor 0.75% Spread 6.65% Total Coupon 10.96% Maturity 1/24/20282025-09-300001370755Debt Investments Software Elastic Path Software, Inc. (Canada) First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 7.76% Total Coupon 12.04% Maturity 1/6/20272025-09-300001370755Debt Investments Construction and Engineering Vortex Companies, LLC First Lien Term Loan Ref SOFR(M) Floor 1.00% Spread 5.00% Total Coupon 9.16% Maturity 9/4/20292025-09-300001370755Debt Investments Construction and Engineering RBS Buyer Inc. Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 5.00% Total Coupon 9.35% Maturity 7/31/20312025-09-300001370755tcpc:TwoThousandTwentyTwoNotesMember2019-12-310001370755us-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:EquitySecuritiesMembertcpc:ValuationTechniqueMarketComparableCompaniesMember2025-09-300001370755Debt Investments Construction and Engineering Hylan Intermediate Holding II, LLC First Lien Term Loan Ref SOFR(S) Floor 2.00% Spread 6.25% Total Coupon 10.33% Maturity 4/5/20292025-09-300001370755Non-Controlled Affiliates, SellerX Germany GMBH, Senior Secured First Lien Revolver, SOFR + 5%, 2% SOFR Floor, due 6/18/292025-09-300001370755us-gaap:CommercialAndIndustrialSectorMemberus-gaap:EquitySecuritiesMember2024-12-310001370755Controlled Affiliates, Gordon Brothers Finance Company, Unsecured Term Loan, SOFR +11%, 1% SOFR Floor, due 10/31/20212024-12-310001370755tcpc:FundingFacilityIIMember2023-02-282023-02-280001370755tcpc:BlackrockCapitalInvestmentCorporationMember2024-03-180001370755Debt Investments Diversified Consumer Services Razor Group Holdings II, Inc. (Germany) First Out Delayed Draw Term Loan Ref Fixed Floor 0.00% Spread 15.00% Total Coupon 15.00% Maturity 9/15/20272024-12-310001370755tcpc:CommunicationsEquipmentMemberus-gaap:DebtSecuritiesMember2024-12-310001370755Equity Securities Diversified Consumer Services Razor Group GmbH (Germany) Warrants to Purchase Preferred Series A1 Shares Expiration 4/28/20282024-01-012024-12-310001370755Debt Investments Electrical Equipment Griffon Bidco Inc First Lien Term Loan Ref SOFR(Q) Floor 0.75% Spread 5.00% Total Coupon 9.00% Maturity 07/31/20312025-09-300001370755tcpc:PaperAndForestProductsMemberus-gaap:DebtSecuritiesMember2024-12-310001370755tcpc:FundingFacilityIMember2023-12-310001370755Debt Investments Capital Markets Pico Quantitative Trading, LLC First Lien Incremental Term Loan Ref SOFR(Q) Floor 1.50% Spread 7.51% Total Coupon 11.82% Maturity 2/8/20272025-09-300001370755Non-Controlled Affiliates, Iracore International Holdings, Inc., Senior Secured 1st Lien Term Loan, SOFR + 9%, 1% SOFR Floor, due 4/12/262025-09-300001370755Controlled Affiliates, Kawa Solar Holdings Limited, Bank Guarantee Credit Facility, 0%, due 12/31/212023-12-310001370755Equity Securities Construction & Engineering Hylan Global LLC Common Stock2024-12-310001370755tcpc:SBADebenturesMember2025-09-300001370755tcpc:SeriesAOnePreferredStockMembertcpc:UtilidataIncMember2025-01-012025-09-300001370755Debt Investments Professional Services Chronicle Parent LLC (Lexitas) Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 5.00% Total Coupon 9.34% Maturity 4/15/20312025-09-300001370755tcpc:DNAnexusIncMember2025-09-300001370755Debt Investments Textiles, Apparel and Luxury Goods PSEB, LLC (Eddie Bauer) First Lien Term Loan Ref SOFR(Q) Floor 1.00% Spread 6.65% Total Coupon 10.85% Maturity 12/30/20262025-09-300001370755Non-Controlled Affiliates, TVG-Edmentum Holdings, LLC, Series B-1 Common Units2024-01-012024-12-310001370755Debt Investments Diversified Financial Services Beekeeper Buyer Inc. (Archway) Sr Secured Revolver Ref SOFR(Q) Floor 0.75% Spread 5.25% Total Coupon 9.55% Maturity 6/30/20312025-09-300001370755tcpc:TrintechIncMember2025-09-300001370755Debt Investments Software Fusion Risk Management, Inc. Sr Secured Revolver Ref SOFR(Q) Floor 1.00% Spread 3.00% Cash + 3.25% PIK Total Coupon 11.08% Maturity 5/22/20292024-12-310001370755us-gaap:InterestRateSwapMember2025-07-012025-09-300001370755tcpc:SEPRaptorAcquisitionIncMember2024-12-310001370755us-gaap:FairValueInputsLevel2Membertcpc:OtherCorporateDebtMember2025-09-300001370755Equity Securities Internet Software and Service Fishbowl, Inc. Common Membership Units2024-12-31xbrli:purexbrli:sharestcpc:Segmentiso4217:USD
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 10-Q
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☒ |
Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 |
For the Quarterly Period Ended September 30, 2025
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☐ |
Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 |
For the Transition Period From ____ to ____ |
Commission File Number: 814-00899
BLACKROCK TCP CAPITAL CORP.
(Exact Name of Registrant as Specified in its Charter)
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Delaware |
56-2594706 |
(State or Other Jurisdiction of Incorporation) |
(IRS Employer Identification No.) |
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2951 28th Street, Suite 1000 |
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Santa Monica, California |
90405 |
(Address of Principal Executive Offices) |
(Zip Code) |
(310) 566-1000
(Registrant’s telephone number, including area code)
Securities registered pursuant to Section 12(b) of the Act:
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Common Stock, par value $0.001 per share |
TCPC |
Nasdaq Global Select Market |
(Title of each class) |
(Trading Symbol(s) ) |
(Name of each exchange on which registered) |
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days: Yes ☒ No ☐
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
|
|
|
|
Large accelerated filer |
☒ |
Accelerated filer |
☐ |
Non-accelerated filer |
☐ |
Smaller reporting company |
☐ |
Emerging growth company |
☐ |
|
|
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes ☐ No ☒
The number of shares of the Registrant’s common stock, $0.001 par value, outstanding as of November 6, 2025 was 84,841,037.
BLACKROCK TCP CAPITAL CORP.
FORM 10-Q
FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2025
TABLE OF CONTENTS
|
|
|
Part I. |
Financial Information |
|
|
|
|
Item 1. |
Financial Statements |
|
|
Consolidated Statements of Assets and Liabilities as of September 30, 2025 (unaudited) and December 31, 2024 |
2 |
|
|
|
|
Consolidated Statements of Operations for the three and nine months ended September 30, 2025 (unaudited) and September 30, 2024 (unaudited) |
3 |
|
|
|
|
Consolidated Statements of Changes in Net Assets for the three and nine months ended September 30, 2025 (unaudited) and September 30, 2024 (unaudited) |
4 |
|
|
|
|
Consolidated Statements of Cash Flows for the nine months ended September 30, 2025 (unaudited) and September 30, 2024 (unaudited) |
5 |
|
|
|
|
Consolidated Schedule of Investments as of September 30, 2025 (unaudited) and December 31, 2024 |
7 |
|
|
|
|
Notes to Consolidated Financial Statements (unaudited) |
32 |
|
|
|
|
Consolidated Schedule of Changes in Investments in Affiliates for the nine months ended September 30, 2025 (unaudited) and year ended December 31, 2024 |
63 |
|
|
|
|
Consolidated Schedule of Restricted Securities of Unaffiliated Issuers as of September 30, 2025 (unaudited) and December 31, 2024 |
67 |
|
|
|
Item 2. |
Management’s Discussion and Analysis of Financial Condition and Results of Operations |
69 |
|
|
|
Item 3. |
Quantitative and Qualitative Disclosures About Market Risk |
86 |
|
|
|
Item 4. |
Controls and Procedures |
87 |
|
|
|
Part II. |
Other Information |
88 |
|
|
|
Item 1. |
Legal Proceedings |
88 |
|
|
|
Item 1A. |
Risk Factors |
88 |
|
|
|
Item 2. |
Unregistered Sales of Equity Securities and Use of Proceeds |
90 |
|
|
|
Item 3. |
Defaults upon Senior Securities |
90 |
|
|
|
Item 4. |
Mine Safety Disclosures |
90 |
|
|
|
Item 5. |
Other Information |
91 |
|
|
|
Item 6. |
Exhibits |
92 |
BlackRock TCP Capital Corp.
Consolidated Statements of Assets and Liabilities
|
|
|
|
|
|
|
|
|
|
|
September 30, 2025 |
|
|
December 31, 2024 |
|
|
|
(unaudited) |
|
|
|
|
Assets |
|
|
|
|
|
|
Investments, at fair value: |
|
|
|
|
|
|
Non-controlled, non-affiliated investments (cost of $1,488,291,010 and $1,737,804,418, respectively) |
|
$ |
1,461,922,496 |
|
|
$ |
1,565,603,753 |
|
Non-controlled, affiliated investments (cost of $112,014,280 and $59,606,472, respectively) |
|
|
100,498,613 |
|
|
|
49,444,695 |
|
Controlled investments (cost of $194,707,405 and $221,803,172, respectively) |
|
|
154,270,308 |
|
|
|
179,709,888 |
|
Total investments (cost of $1,795,012,695 and $2,019,214,062, respectively) |
|
|
1,716,691,417 |
|
|
|
1,794,758,336 |
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
|
60,994,300 |
|
|
|
91,589,702 |
|
Interest, dividends and fees receivable |
|
|
24,486,892 |
|
|
|
22,784,825 |
|
Deferred debt issuance costs |
|
|
5,730,840 |
|
|
|
6,235,009 |
|
Receivable for investments sold |
|
|
567,899 |
|
|
|
4,487,697 |
|
Due from broker |
|
|
— |
|
|
|
817,969 |
|
Prepaid expenses and other assets |
|
|
2,409,284 |
|
|
|
2,357,825 |
|
Total assets |
|
|
1,810,880,632 |
|
|
|
1,923,031,363 |
|
|
|
|
|
|
|
|
Liabilities |
|
|
|
|
|
|
Debt (net of deferred issuance costs of $5,868,338 and $7,974,601, respectively) |
|
|
1,051,615,309 |
|
|
|
1,118,340,225 |
|
Interest and debt related payables |
|
|
9,804,900 |
|
|
|
8,306,126 |
|
Management fees payable |
|
|
3,522,791 |
|
|
|
5,750,971 |
|
Reimbursements due to the Advisor |
|
|
1,721,040 |
|
|
|
932,224 |
|
Interest Rate Swap, at fair value |
|
|
— |
|
|
|
731,830 |
|
Payable for investments purchased |
|
|
— |
|
|
|
99,494 |
|
Accrued expenses and other liabilities |
|
|
4,192,929 |
|
|
|
3,746,826 |
|
Total liabilities |
|
|
1,070,856,969 |
|
|
|
1,137,907,696 |
|
|
|
|
|
|
|
|
Commitments and contingencies (Note 5) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets |
|
$ |
740,023,663 |
|
|
$ |
785,123,667 |
|
|
|
|
|
|
|
|
Composition of net assets applicable to common shareholders |
|
|
|
|
|
|
Common stock, $0.001 par value; 200,000,000 shares authorized, 85,011,001 and 85,080,447 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively |
|
$ |
85,011 |
|
|
$ |
85,080 |
|
Paid-in capital in excess of par |
|
|
1,730,593,448 |
|
|
|
1,731,057,459 |
|
Distributable earnings (loss) |
|
|
(990,654,796 |
) |
|
|
(946,018,872 |
) |
Total net assets |
|
|
740,023,663 |
|
|
|
785,123,667 |
|
Total liabilities and net assets |
|
$ |
1,810,880,632 |
|
|
$ |
1,923,031,363 |
|
|
|
|
|
|
|
|
Net assets per share |
|
$ |
8.71 |
|
|
$ |
9.23 |
|
See accompanying notes to the consolidated financial statements.
BlackRock TCP Capital Corp.
Consolidated Statements of Operations (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, |
|
|
Nine Months Ended September 30, |
|
|
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
Investment income |
|
|
|
|
|
|
|
|
|
|
|
|
Interest income (excluding PIK): |
|
|
|
|
|
|
|
|
|
|
|
|
Non-controlled, non-affiliated investments |
|
$ |
40,969,242 |
|
|
$ |
61,647,228 |
|
|
$ |
126,035,196 |
|
|
$ |
173,856,058 |
|
Non-controlled, affiliated investments |
|
|
912,871 |
|
|
|
381,494 |
|
|
|
1,589,518 |
|
|
|
1,113,813 |
|
Controlled investments |
|
|
2,258,585 |
|
|
|
2,980,201 |
|
|
|
6,838,396 |
|
|
|
8,535,851 |
|
PIK interest income: |
|
|
|
|
|
|
|
|
|
|
|
|
Non-controlled, non-affiliated investments |
|
|
3,346,311 |
|
|
|
3,827,236 |
|
|
|
14,584,650 |
|
|
|
8,267,269 |
|
Non-controlled, affiliated investments |
|
|
1,011,878 |
|
|
|
— |
|
|
|
1,011,878 |
|
|
|
92,675 |
|
Controlled investments |
|
|
415,661 |
|
|
|
388,897 |
|
|
|
1,491,424 |
|
|
|
1,092,618 |
|
Dividend income: |
|
|
|
|
|
|
|
|
|
|
|
|
Non-controlled, non-affiliated investments |
|
|
463,624 |
|
|
|
141,677 |
|
|
|
1,349,150 |
|
|
|
1,048,373 |
|
Non-controlled, affiliated investments |
|
|
221,500 |
|
|
|
1,015,415 |
|
|
|
1,444,050 |
|
|
|
2,747,604 |
|
Controlled investments |
|
|
913,861 |
|
|
|
423,031 |
|
|
|
3,521,218 |
|
|
|
1,301,106 |
|
Other income: |
|
|
|
|
|
|
|
|
|
|
|
|
Non-controlled, non-affiliated investments |
|
|
2,244 |
|
|
|
127,308 |
|
|
|
4,209 |
|
|
|
132,654 |
|
Total investment income |
|
|
50,515,777 |
|
|
|
70,932,487 |
|
|
|
157,869,689 |
|
|
|
198,188,021 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating expenses |
|
|
|
|
|
|
|
|
|
|
|
|
Interest and other debt expenses |
|
|
16,816,947 |
|
|
|
21,160,551 |
|
|
|
50,989,413 |
|
|
|
54,117,604 |
|
Management fees |
|
|
5,544,927 |
|
|
|
6,185,025 |
|
|
|
16,489,889 |
|
|
|
18,567,719 |
|
Professional fees |
|
|
825,189 |
|
|
|
842,389 |
|
|
|
2,640,088 |
|
|
|
2,443,988 |
|
Administrative expenses |
|
|
414,900 |
|
|
|
547,458 |
|
|
|
1,566,294 |
|
|
|
1,702,669 |
|
Insurance expense |
|
|
215,873 |
|
|
|
214,102 |
|
|
|
652,799 |
|
|
|
565,168 |
|
Director fees |
|
|
182,500 |
|
|
|
202,500 |
|
|
|
567,500 |
|
|
|
616,719 |
|
Custody fees |
|
|
91,880 |
|
|
|
96,574 |
|
|
|
276,413 |
|
|
|
285,639 |
|
Incentive fees |
|
|
— |
|
|
|
6,540,286 |
|
|
|
— |
|
|
|
19,236,336 |
|
Other operating expenses |
|
|
990,597 |
|
|
|
1,265,961 |
|
|
|
3,105,305 |
|
|
|
2,687,733 |
|
Total operating expenses, before management fee waiver |
|
|
25,082,813 |
|
|
|
37,054,846 |
|
|
|
76,287,701 |
|
|
|
100,223,575 |
|
Management fee waiver (Note 3) |
|
|
(1,848,309 |
) |
|
|
— |
|
|
|
(5,496,629 |
) |
|
|
— |
|
Total operating expenses, after management fee waiver |
|
|
23,234,504 |
|
|
|
37,054,846 |
|
|
|
70,791,072 |
|
|
|
100,223,575 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net investment income |
|
|
27,281,273 |
|
|
|
33,877,641 |
|
|
|
87,078,617 |
|
|
|
97,964,446 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Realized and unrealized gain (loss) on investments and foreign currency |
|
|
|
|
|
|
|
|
|
|
|
|
Net realized gain (loss): |
|
|
|
|
|
|
|
|
|
|
|
|
Non-controlled, non-affiliated investments |
|
|
(77,727,536 |
) |
|
|
(31,425,777 |
) |
|
|
(184,932,758 |
) |
|
|
(54,297,646 |
) |
Non-controlled, affiliated investments |
|
|
(4,097,709 |
) |
|
|
— |
|
|
|
(4,097,709 |
) |
|
|
(12,810,138 |
) |
Controlled investments |
|
|
(15,212,153 |
) |
|
|
— |
|
|
|
(15,212,153 |
) |
|
|
— |
|
Interest Rate Swap |
|
|
— |
|
|
|
— |
|
|
|
(9,491 |
) |
|
|
— |
|
Net realized gain (loss) |
|
|
(97,037,398 |
) |
|
|
(31,425,777 |
) |
|
|
(204,252,111 |
) |
|
|
(67,107,784 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in unrealized appreciation
(depreciation) (1): |
|
|
|
|
|
|
|
|
|
|
|
|
Non-controlled, non-affiliated investments |
|
|
79,382,048 |
|
|
|
27,118,840 |
|
|
|
146,250,740 |
|
|
|
(36,652,226 |
) |
Non-controlled, affiliated investments |
|
|
915,853 |
|
|
|
(3,594,328 |
) |
|
|
(1,366,401 |
) |
|
|
(9,661,686 |
) |
Controlled investments |
|
|
13,827,936 |
|
|
|
(4,539,213 |
) |
|
|
1,656,187 |
|
|
|
(9,190,060 |
) |
Interest Rate Swap |
|
|
— |
|
|
|
195,797 |
|
|
|
(9,316 |
) |
|
|
60,894 |
|
Net change in unrealized appreciation (depreciation) |
|
|
94,125,837 |
|
|
|
19,181,096 |
|
|
|
146,531,210 |
|
|
|
(55,443,078 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net realized and unrealized gain (loss) |
|
|
(2,911,561 |
) |
|
|
(12,244,681 |
) |
|
|
(57,720,901 |
) |
|
|
(122,550,862 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net increase (decrease) in net assets resulting
from operations |
|
$ |
24,369,712 |
|
|
$ |
21,632,960 |
|
|
$ |
29,357,716 |
|
|
$ |
(24,586,416 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic and diluted earnings (loss) per share |
|
$ |
0.29 |
|
|
$ |
0.25 |
|
|
$ |
0.35 |
|
|
$ |
(0.32 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic and diluted weighted average common
shares outstanding |
|
|
85,034,351 |
|
|
|
85,591,134 |
|
|
|
85,051,475 |
|
|
|
77,772,017 |
|
(1) Includes $21,347,357 change in unrealized appreciation from application of Merger accounting under ASC 805 for the nine months ended September 30, 2024 (see Note 12).
See accompanying notes to the consolidated financial statements.
BlackRock TCP Capital Corp.
Consolidated Statements of Changes in Net Assets (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common Stock |
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Par Amount |
|
|
Paid in Capital
in Excess of Par |
|
|
Distributable
earnings (loss) |
|
|
Total Net
Assets |
|
Balance at December 31, 2024 |
|
|
85,080,447 |
|
|
$ |
85,080 |
|
|
$ |
1,731,057,459 |
|
|
$ |
(946,018,872 |
) |
|
$ |
785,123,667 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Repurchase of common stock |
|
|
(3,150 |
) |
|
|
(3 |
) |
|
|
(26,912 |
) |
|
|
— |
|
|
|
(26,915 |
) |
Net investment income |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
32,202,669 |
|
|
|
32,202,669 |
|
Net realized and unrealized gain (loss) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(11,308,081 |
) |
|
|
(11,308,081 |
) |
Dividends paid to shareholders |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(24,672,416 |
) |
|
|
(24,672,416 |
) |
Balance at March 31, 2025 |
|
|
85,077,297 |
|
|
$ |
85,077 |
|
|
$ |
1,731,030,547 |
|
|
$ |
(949,796,700 |
) |
|
$ |
781,318,924 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Repurchase of common stock |
|
|
(40,830 |
) |
|
|
(41 |
) |
|
|
(274,422 |
) |
|
|
— |
|
|
|
(274,463 |
) |
Net investment income |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
27,594,675 |
|
|
|
27,594,675 |
|
Net realized and unrealized gain (loss) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(43,501,259 |
) |
|
|
(43,501,259 |
) |
Dividends paid to shareholders |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(24,660,939 |
) |
|
|
(24,660,939 |
) |
Balance at June 30, 2025 |
|
|
85,036,467 |
|
|
$ |
85,036 |
|
|
$ |
1,730,756,125 |
|
|
$ |
(990,364,223 |
) |
|
$ |
740,476,938 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Repurchase of common stock |
|
|
(25,466 |
) |
|
$ |
(25 |
) |
|
$ |
(162,677 |
) |
|
|
— |
|
|
|
(162,702 |
) |
Net investment income |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
27,281,273 |
|
|
|
27,281,273 |
|
Net realized and unrealized gain (loss) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(2,911,561 |
) |
|
|
(2,911,561 |
) |
Dividends paid to shareholders |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(24,660,285 |
) |
|
|
(24,660,285 |
) |
Balance at September 30, 2025 |
|
|
85,011,001 |
|
|
$ |
85,011 |
|
|
$ |
1,730,593,448 |
|
|
$ |
(990,654,796 |
) |
|
$ |
740,023,663 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common Stock |
|
|
|
|
|
|
|
|
|
|
|
|
Shares |
|
|
Par Amount |
|
|
Paid in Capital
in Excess of Par |
|
|
Distributable
earnings (loss) |
|
|
Total Net
Assets |
|
Balance at December 31, 2023 |
|
|
57,767,264 |
|
|
$ |
57,767 |
|
|
$ |
967,643,255 |
|
|
$ |
(280,099,476 |
) |
|
$ |
687,601,546 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Issuance of common stock in connection with the Merger (Note 12) |
|
|
27,823,870 |
|
|
|
27,824 |
|
|
|
280,436,786 |
|
|
|
— |
|
|
|
280,464,610 |
|
Net investment income |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
28,261,273 |
|
|
|
28,261,273 |
|
Net realized and unrealized gain (loss) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(23,204,132 |
) |
|
|
(23,204,132 |
) |
Dividends paid to shareholders |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(19,640,870 |
) |
|
|
(19,640,870 |
) |
Balance at March 31, 2024 |
|
|
85,591,134 |
|
|
$ |
85,591 |
|
|
$ |
1,248,080,041 |
|
|
$ |
(294,683,205 |
) |
|
$ |
953,482,427 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net investment income |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
35,825,532 |
|
|
|
35,825,532 |
|
Net realized and unrealized gain (loss) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(87,102,049 |
) |
|
|
(87,102,049 |
) |
Dividends paid to shareholders |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(29,100,986 |
) |
|
|
(29,100,986 |
) |
Balance at June 30, 2024 |
|
|
85,591,134 |
|
|
$ |
85,591 |
|
|
$ |
1,248,080,041 |
|
|
$ |
(375,060,708 |
) |
|
$ |
873,104,924 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net investment income |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
33,877,641 |
|
|
|
33,877,641 |
|
Net realized and unrealized gain (loss) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(12,244,681 |
) |
|
|
(12,244,681 |
) |
Dividends paid to shareholders |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(29,100,986 |
) |
|
|
(29,100,986 |
) |
Balance at September 30, 2024 |
|
|
85,591,134 |
|
|
$ |
85,591 |
|
|
$ |
1,248,080,041 |
|
|
$ |
(382,528,734 |
) |
|
$ |
865,636,898 |
|
See accompanying notes to the consolidated financial statements.
BlackRock TCP Capital Corp.
Consolidated Statements of Cash Flows (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended September 30, |
|
|
|
2025 |
|
|
2024 |
|
Operating activities |
|
|
|
|
|
|
Net increase (decrease) in net assets resulting from operations |
|
$ |
29,357,716 |
|
|
$ |
(24,586,416 |
) |
Adjustments to reconcile net increase (decrease) in net assets resulting
from operations to net cash provided by (used in) operating activities: |
|
|
|
|
|
|
Net realized (gain) loss |
|
|
204,252,111 |
|
|
|
67,107,784 |
|
Change in net unrealized (appreciation) depreciation of investments |
|
|
(146,531,210 |
) |
|
|
55,493,801 |
|
Net amortization of investment discounts and premiums |
|
|
(11,008,069 |
) |
|
|
(15,810,820 |
) |
Amortization of original issue discount on debt |
|
|
197,110 |
|
|
|
314,784 |
|
Interest and dividend income paid in kind |
|
|
(17,087,952 |
) |
|
|
(9,452,562 |
) |
Amortization of deferred debt issuance costs |
|
|
3,994,405 |
|
|
|
3,371,840 |
|
Cash acquired in the Merger |
|
|
— |
|
|
|
11,670,610 |
|
Merger costs capitalized into purchase price |
|
|
— |
|
|
|
(2,366,408 |
) |
Changes in assets and liabilities (1): |
|
|
|
|
|
|
Purchases of investments (2) |
|
|
(221,064,089 |
) |
|
|
(211,099,269 |
) |
Proceeds from disposition of investments |
|
|
272,118,126 |
|
|
|
348,509,035 |
|
Decrease (increase) in interest, dividends and fees receivable |
|
|
(4,195,917 |
) |
|
|
8,324,184 |
|
Decrease (increase) in due from broker |
|
|
851,683 |
|
|
|
1,299,363 |
|
Decrease (increase) in receivable for investments sold |
|
|
3,919,798 |
|
|
|
671,442 |
|
Decrease (increase) in prepaid expenses and other assets |
|
|
(51,459 |
) |
|
|
1,358,241 |
|
Increase (decrease) in payable for investments purchased |
|
|
(99,494 |
) |
|
|
(1,454,317 |
) |
Increase (decrease) in incentive fees payable |
|
|
— |
|
|
|
(171,050 |
) |
Increase (decrease) in interest and debt related payables |
|
|
1,498,774 |
|
|
|
171,473 |
|
Increase (decrease) in Interest Rate Swap, at fair value |
|
|
(774,861 |
) |
|
|
(996,337 |
) |
Increase (decrease) in reimbursements due to the Advisor |
|
|
788,816 |
|
|
|
(625,162 |
) |
Increase (decrease) in management fees payable |
|
|
(2,228,180 |
) |
|
|
(7,578,769 |
) |
Increase (decrease) in accrued expenses and other liabilities |
|
|
446,103 |
|
|
|
(2,691,641 |
) |
Net cash provided by (used in) operating activities |
|
|
114,383,411 |
|
|
|
221,459,806 |
|
|
|
|
|
|
|
|
Financing activities |
|
|
|
|
|
|
Draws on credit facilities |
|
|
248,000,000 |
|
|
|
351,406,248 |
|
Repayments of credit facility draws |
|
|
(225,137,120 |
) |
|
|
(559,697,767 |
) |
Payments of debt issuance costs |
|
|
(1,383,973 |
) |
|
|
(7,514,435 |
) |
Dividends paid to shareholders (3) |
|
|
(73,993,640 |
) |
|
|
(85,100,033 |
) |
Repurchase of shares |
|
|
(464,080 |
) |
|
|
— |
|
Repayment of unsecured notes |
|
|
(92,000,000 |
) |
|
|
(250,000,000 |
) |
Proceeds from issuance of unsecured notes |
|
|
— |
|
|
|
321,386,000 |
|
Net cash provided by (used in) financing activities |
|
|
(144,978,813 |
) |
|
|
(229,519,987 |
) |
|
|
|
|
|
|
|
Net increase (decrease) in cash and cash equivalents (including restricted cash) |
|
|
(30,595,402 |
) |
|
|
(8,060,181 |
) |
Cash and cash equivalents (including restricted cash) at beginning of period |
|
|
91,589,702 |
|
|
|
112,241,946 |
|
Cash and cash equivalents (including restricted cash) at end of period |
|
$ |
60,994,300 |
|
|
$ |
104,181,765 |
|
|
|
|
|
|
|
|
Supplemental cash flow information |
|
|
|
|
|
|
Interest payments |
|
$ |
43,762,820 |
|
|
$ |
49,362,618 |
|
Excise tax payments |
|
$ |
478,159 |
|
|
$ |
165,495 |
|
|
|
|
|
|
|
|
Non-cash operating and financing activities from the Merger |
|
|
|
|
|
|
Acquisition of Merger Sub assets and liabilities (4) |
|
|
|
|
|
|
Non-cash assets acquired: |
|
|
|
|
|
|
Investments (5) |
|
$ |
— |
|
|
$ |
586,983,708 |
|
Interest, dividends and fees receivable |
|
|
— |
|
|
|
10,373,421 |
|
Due from broker |
|
|
— |
|
|
|
2,048,141 |
|
Other assets |
|
|
— |
|
|
|
3,731,006 |
|
Total non-cash assets acquired |
|
$ |
— |
|
|
$ |
603,136,276 |
|
Liabilities assumed: |
|
|
|
|
|
|
Debt |
|
$ |
— |
|
|
$ |
315,296,749 |
|
Dividends payable |
|
|
— |
|
|
|
7,257,191 |
|
Management fees payable |
|
|
— |
|
|
|
1,888,664 |
|
Interest Rate Swap, at fair value |
|
|
— |
|
|
|
1,674,309 |
|
Incentive fees payable |
|
|
— |
|
|
|
1,363,625 |
|
Other liabilities |
|
|
— |
|
|
|
4,495,330 |
|
Total liabilities assumed |
|
$ |
— |
|
|
$ |
331,975,868 |
|
Issuance of shares in connection with the Merger |
|
$ |
— |
|
|
$ |
280,464,610 |
|
Merger costs capitalized into purchase price |
|
$ |
— |
|
|
$ |
2,366,408 |
|
(1)Adjusted for assets acquired and liabilities assumed as a result of the Merger (as defined in Note 1 “Organization and Nature of Operations”), as applicable for the nine months ended September 30, 2024.
(2)Excludes $586,983,708 of cost of investments acquired in connection with the Merger for the nine months ended September 30, 2024.
(3)Includes payment of dividends payable of $7,257,191 assumed in the Merger declared on March 4, 2024 by the BlackRock Capital Investment
Corporation ("BCIC") board of directors for the benefit of former BCIC shareholders of record as of March 15, 2024.
(4)On March 18, 2024, in connection with the Merger, BlackRock TCP Capital Corp. (the “Company”) acquired net assets in exchange for shares issued of the Company’s common stock with a market value of $280,464,610 plus $2,366,408 in merger costs capitalized into the purchase price.
(5)Investments acquired were recorded at fair value at the date of the acquisition, which is also the Company’s initial cost basis in the investments, and reflects the impact of a $21,886,848 purchase discount for the nine months ended September 30, 2024.
See accompanying notes to the consolidated financial statements
BlackRock TCP Capital Corp.
Consolidated Schedule of Investments (Unaudited)
September 30, 2025
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Issuer |
|
Instrument |
|
Ref |
|
Floor |
|
Spread |
|
Total
Coupon |
|
Maturity |
|
Principal |
|
|
Cost |
|
|
Fair
Value |
|
|
% of Total
Cash and
Investments |
|
|
Notes |
Debt Investments (A) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Aerospace & Defense |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Skydio, Inc |
|
First Lien Term Loan |
|
SOFR(M) |
|
2.50% |
|
2.75% Cash + 2.75% PIK |
|
9.75% |
|
12/4/2029 |
|
$ |
13,398,198 |
|
|
$ |
13,287,974 |
|
|
$ |
13,277,614 |
|
|
|
0.75 |
% |
|
N |
Skydio, Inc |
|
First Lien Delayed Draw Term Loan B |
|
SOFR(M) |
|
2.50% |
|
2.75% Cash + 2.75% PIK |
|
9.82% |
|
12/4/2029 |
|
$ |
— |
|
|
|
(54,853 |
) |
|
|
(59,063 |
) |
|
|
0.00 |
% |
|
K/N |
Skydio, Inc |
|
First Lien Delayed Draw Term Loan A |
|
SOFR(M) |
|
2.50% |
|
2.75% Cash + 2.75% PIK |
|
9.82% |
|
12/4/2029 |
|
$ |
— |
|
|
|
(54,853 |
) |
|
|
(59,063 |
) |
|
|
0.00 |
% |
|
K/N |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13,178,268 |
|
|
|
13,159,488 |
|
|
|
0.75 |
% |
|
|
Automobiles |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ABC Technologies Inc. (TI Automotive) (Canada) |
|
First Lien Term Loan |
|
SOFR(Q) |
|
0.75% |
|
5.88% |
|
10.22% |
|
8/22/2031 |
|
$ |
2,450,000 |
|
|
|
2,751,550 |
|
|
|
2,772,718 |
|
|
|
0.16 |
% |
|
H/N/O |
ABC Technologies Inc. (TI Automotive) (Canada) |
|
First Lien Term Loan |
|
SOFR(Q) |
|
0.75% |
|
5.75% |
|
10.10% |
|
8/22/2031 |
|
$ |
4,145,859 |
|
|
|
3,992,000 |
|
|
|
3,993,157 |
|
|
|
0.22 |
% |
|
H/N/O |
ALCV Purchaser, Inc. (AutoLenders) |
|
First Lien Term Loan |
|
SOFR(Q) |
|
1.00% |
|
7.01% |
|
11.01% |
|
2/25/2026 |
|
$ |
7,498,185 |
|
|
|
7,463,882 |
|
|
|
7,498,185 |
|
|
|
0.42 |
% |
|
G/N |
ALCV Purchaser, Inc. (AutoLenders) |
|
Sr Secured Revolver |
|
SOFR(Q) |
|
1.00% |
|
7.01% |
|
11.01% |
|
2/25/2026 |
|
$ |
448,202 |
|
|
|
444,581 |
|
|
|
448,202 |
|
|
|
0.03 |
% |
|
G/N |
AutoAlert, LLC |
|
First Lien Term Loan |
|
SOFR(Q) |
|
1.00% |
|
5.40% |
|
9.69% |
|
3/31/2028 |
|
$ |
18,812,631 |
|
|
|
18,812,631 |
|
|
|
18,812,631 |
|
|
|
1.06 |
% |
|
F/N |
AutoAlert, LLC |
|
Second Lien Term Loan |
|
SOFR(Q) |
|
1.00% |
|
9.40% PIK |
|
13.69% |
|
3/31/2029 |
|
$ |
11,880,421 |
|
|
|
11,880,421 |
|
|
|
11,880,421 |
|
|
|
0.67 |
% |
|
F/N |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
45,345,065 |
|
|
|
45,405,314 |
|
|
|
2.56 |
% |
|
|
Building Products |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TL Alpine Holding Corp. |
|
First Lien Term Loan |
|
SOFR(Q) |
|
1.00% |
|
6.00% |
|
10.00% |
|
8/1/2030 |
|
$ |
1,985,380 |
|
|
|
1,951,052 |
|
|
|
1,997,293 |
|
|
|
0.11 |
% |
|
N |
Porcelain Acquisition Corporation (Paramount) |
|
First Lien Term Loan |
|
SOFR(M) |
|
1.00% |
|
6.10% |
|
10.26% |
|
4/30/2027 |
|
$ |
9,403,496 |
|
|
|
9,238,111 |
|
|
|
6,845,745 |
|
|
|
0.39 |
% |
|
N |
Trulite Holding Corp. |
|
First Lien Term Loan |
|
SOFR(Q) |
|
1.00% |
|
6.00% |
|
10.29% |
|
3/1/2030 |
|
$ |
1,604,167 |
|
|
|
1,549,482 |
|
|
|
1,608,177 |
|
|
|
0.09 |
% |
|
N |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12,738,645 |
|
|
|
10,451,215 |
|
|
|
0.59 |
% |
|
|
Capital Markets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pico Quantitative Trading, LLC |
|
First Lien Term Loan |
|
SOFR(Q) |
|
1.50% |
|
7.51% |
|
11.83% |
|
2/8/2027 |
|
$ |
22,291,007 |
|
|
|
22,236,202 |
|
|
|
22,402,462 |
|
|
|
1.26 |
% |
|
N |
Pico Quantitative Trading, LLC |
|
First Lien Incremental Term Loan |
|
SOFR(Q) |
|
1.50% |
|
7.51% |
|
11.82% |
|
2/8/2027 |
|
$ |
17,285,388 |
|
|
|
17,212,809 |
|
|
|
17,285,388 |
|
|
|
0.97 |
% |
|
N |
PMA Parent Holdings, LLC |
|
First Lien Term Loan |
|
SOFR(Q) |
|
0.75% |
|
4.75% |
|
8.75% |
|
1/31/2031 |
|
$ |
5,223,783 |
|
|
|
4,973,565 |
|
|
|
5,172,128 |
|
|
|
0.29 |
% |
|
N |
PMA Parent Holdings, LLC |
|
Sr Secured Revolver |
|
SOFR(Q) |
|
0.75% |
|
5.50% |
|
9.80% |
|
1/31/2031 |
|
$ |
— |
|
|
|
(13,344 |
) |
|
|
(7,416 |
) |
|
|
0.00 |
% |
|
K/N |
Wharf Street Rating Acquisition, LLC (KBRA) |
|
Sr Secured Revolver |
|
SOFR(M) |
|
0.75% |
|
4.75% |
|
8.91% |
|
9/16/2032 |
|
$ |
— |
|
|
|
(2,710 |
) |
|
|
(2,727 |
) |
|
|
0.00 |
% |
|
K/N |
Wharf Street Rating Acquisition, LLC (KBRA) |
|
First Lien Term Loan |
|
SOFR(M) |
|
0.75% |
|
4.75% |
|
8.91% |
|
9/16/2032 |
|
$ |
2,454,545 |
|
|
|
2,430,000 |
|
|
|
2,430,000 |
|
|
|
0.14 |
% |
|
N |
Wharf Street Rating Acquisition, LLC (KBRA) |
|
First Lien Delayed Draw Term Loan |
|
SOFR(M) |
|
0.75% |
|
4.75% |
|
8.91% |
|
9/16/2032 |
|
$ |
— |
|
|
|
(1,355 |
) |
|
|
(2,727 |
) |
|
|
0.00 |
% |
|
K/N |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
46,835,167 |
|
|
|
47,277,108 |
|
|
|
2.66 |
% |
|
|
Commercial Services & Supplies |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Apollo Group Holdco, LLC (Topsail) |
|
First Lien Term Loan |
|
SOFR(Q) |
|
1.00% |
|
6.00% |
|
10.00% |
|
12/26/2030 |
|
$ |
481,250 |
|
|
|
472,850 |
|
|
|
475,956 |
|
|
|
0.03 |
% |
|
N |
Kellermeyer Bergensons Services, LLC |
|
First Lien Term Loan |
|
SOFR(Q) |
|
1.00% |
|
5.40% PIK |
|
9.68% |
|
11/6/2028 |
|
$ |
1,425,820 |
|
|
|
1,398,339 |
|
|
|
1,425,820 |
|
|
|
0.08 |
% |
|
N |
Kellermeyer Bergensons Services, LLC |
|
First Lien Term Loan |
|
SOFR(Q) |
|
1.00% |
|
8.15% PIK |
|
12.43% |
|
11/7/2026 |
|
$ |
645,924 |
|
|
|
451,834 |
|
|
|
338,464 |
|
|
|
0.02 |
% |
|
C/N |
Modigent, LLC (Pueblo) |
|
First Lien Term Loan |
|
SOFR(Q) |
|
0.75% |
|
5.00% |
|
9.00% |
|
8/23/2028 |
|
$ |
1,680,160 |
|
|
|
1,625,259 |
|
|
|
1,661,609 |
|
|
|
0.09 |
% |
|
N |
Modigent, LLC (Pueblo) |
|
First Lien Delayed Draw Term Loan |
|
SOFR(Q) |
|
0.75% |
|
5.00% |
|
9.00% |
|
8/23/2028 |
|
$ |
1,165,449 |
|
|
|
1,130,728 |
|
|
|
1,152,581 |
|
|
|
0.06 |
% |
|
N |
Modigent, LLC (Pueblo) |
|
First Lien Delayed Draw Term Loan |
|
SOFR(Q) |
|
0.75% |
|
5.00% |
|
9.00% |
|
8/23/2028 |
|
$ |
1,569,088 |
|
|
|
1,534,293 |
|
|
|
1,551,764 |
|
|
|
0.09 |
% |
|
N |
Modigent, LLC (Pueblo) |
|
Sr Secured Revolver |
|
SOFR(Q) |
|
0.75% |
|
5.00% |
|
9.00% |
|
8/23/2027 |
|
$ |
168,631 |
|
|
|
159,805 |
|
|
|
164,160 |
|
|
|
0.01 |
% |
|
N |
Thermostat Purchaser III, Inc. (Reedy Industries) |
|
Second Lien Term Loan |
|
SOFR(Q) |
|
0.75% |
|
7.40% |
|
11.60% |
|
8/31/2029 |
|
$ |
10,383,054 |
|
|
|
10,180,756 |
|
|
|
10,383,054 |
|
|
|
0.58 |
% |
|
N |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
16,953,864 |
|
|
|
17,153,408 |
|
|
|
0.96 |
% |
|
|
Construction and Engineering |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Brown & Settle, Inc. |
|
Sr Secured Revolver |
|
SOFR(S) |
|
1.00% |
|
6.50% |
|
10.51% |
|
5/16/2030 |
|
$ |
731,708 |
|
|
|
708,939 |
|
|
|
719,024 |
|
|
|
0.04 |
% |
|
N |
Brown & Settle, Inc. |
|
First Lien Term Loan |
|
SOFR(S) |
|
1.00% |
|
6.50% |
|
10.51% |
|
5/16/2030 |
|
$ |
8,889,024 |
|
|
|
8,677,882 |
|
|
|
8,773,467 |
|
|
|
0.49 |
% |
|
N |
Homerenew Buyer, Inc. (Renovo) |
|
First Lien Delayed Draw Term Loan |
|
SOFR(Q) |
|
0.00% |
|
9.65% PIK |
|
13.65% |
|
4/14/2030 |
|
$ |
1,700,605 |
|
|
|
1,168,918 |
|
|
|
1,700,605 |
|
|
|
0.10 |
% |
|
B/N |
Homerenew Buyer, Inc. (Renovo) |
|
First Lien Term Loan |
|
SOFR(Q) |
|
0.00% |
|
6.65% PIK |
|
10.88% |
|
4/14/2030 |
|
$ |
2,979,209 |
|
|
|
2,979,209 |
|
|
|
2,979,209 |
|
|
|
0.17 |
% |
|
B/N |
Homerenew Buyer, Inc. (Renovo) |
|
First Lien Term Loan |
|
SOFR(Q) |
|
0.00% |
|
8.15% PIK |
|
12.38% |
|
4/14/2030 |
|
$ |
1,293,699 |
|
|
|
1,293,699 |
|
|
|
1,293,699 |
|
|
|
0.07 |
% |
|
B/N |
Homerenew Buyer, Inc. (Renovo) |
|
First Lien Term Loan |
|
SOFR(Q) |
|
0.00% |
|
9.65% PIK |
|
13.88% |
|
4/14/2030 |
|
$ |
5,647,061 |
|
|
|
5,647,061 |
|
|
|
5,647,061 |
|
|
|
0.32 |
% |
|
B/N |
Hylan Intermediate Holding II, LLC |
|
First Lien Term Loan |
|
SOFR(S) |
|
2.00% |
|
6.25% |
|
10.33% |
|
4/5/2029 |
|
$ |
11,709,782 |
|
|
|
11,575,692 |
|
|
|
11,000,170 |
|
|
|
0.62 |
% |
|
B/N |
JF Acquisition, LLC (JF Petroleum) |
|
First Lien Delayed Draw Term Loan |
|
SOFR(Q) |
|
1.00% |
|
5.75% |
|
9.89% |
|
6/18/2030 |
|
$ |
— |
|
|
|
(15,250 |
) |
|
|
(10,795 |
) |
|
|
0.00 |
% |
|
K/N |
JF Acquisition, LLC (JF Petroleum) |
|
Sr Secured Revolver |
|
SOFR(Q) |
|
1.00% |
|
5.75% |
|
10.06% |
|
6/18/2030 |
|
$ |
— |
|
|
|
(12,701 |
) |
|
|
(6,677 |
) |
|
|
0.00 |
% |
|
K/N |
JF Acquisition, LLC (JF Petroleum) |
|
First Lien Term Loan |
|
SOFR(M) |
|
1.00% |
|
5.75% |
|
9.89% |
|
6/18/2030 |
|
$ |
5,778,728 |
|
|
|
5,676,224 |
|
|
|
5,720,941 |
|
|
|
0.32 |
% |
|
N |
BlackRock TCP Capital Corp.
Consolidated Schedule of Investments (Unaudited) (Continued)
September 30, 2025
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Issuer |
|
Instrument |
|
Ref |
|
Floor |
|
Spread |
|
Total
Coupon |
|
Maturity |
|
Principal |
|
|
Cost |
|
|
Fair
Value |
|
|
% of Total
Cash and
Investments |
|
|
Notes |
Debt Investments (continued) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LJ Avalon Holdings, LLC (Ardurra) |
|
First Lien Delayed Draw Term Loan |
|
SOFR(Q) |
|
1.00% |
|
4.50% |
|
8.67% |
|
2/1/2030 |
|
$ |
2,761,070 |
|
|
$ |
2,728,008 |
|
|
$ |
2,761,070 |
|
|
|
0.16 |
% |
|
N |
LJ Avalon Holdings, LLC (Ardurra) |
|
First Lien Term Loan |
|
SOFR(M) |
|
1.00% |
|
4.50% |
|
8.77% |
|
2/1/2030 |
|
$ |
6,744,444 |
|
|
|
6,566,167 |
|
|
|
6,744,444 |
|
|
|
0.38 |
% |
|
N |
PlayPower, Inc |
|
First Lien Term Loan |
|
SOFR(Q) |
|
0.75% |
|
5.25% |
|
9.25% |
|
8/28/2030 |
|
$ |
8,600,000 |
|
|
|
8,488,999 |
|
|
|
8,557,000 |
|
|
|
0.48 |
% |
|
N |
PlayPower, Inc |
|
First Lien Term Loan |
|
SOFR(Q) |
|
0.75% |
|
5.25% |
|
9.25% |
|
8/28/2030 |
|
$ |
1,262,588 |
|
|
|
1,250,880 |
|
|
|
1,256,275 |
|
|
|
0.07 |
% |
|
N |
PlayPower, Inc |
|
Sr Secured Revolver |
|
SOFR(Q) |
|
0.75% |
|
5.25% |
|
9.55% |
|
8/28/2030 |
|
$ |
— |
|
|
|
(16,173 |
) |
|
|
(17,333 |
) |
|
|
0.00 |
% |
|
K/N |
RBS Buyer Inc. |
|
Sr Secured Revolver |
|
SOFR(Q) |
|
1.00% |
|
5.00% |
|
9.35% |
|
7/31/2031 |
|
$ |
— |
|
|
|
(12,151 |
) |
|
|
(12,000 |
) |
|
|
0.00 |
% |
|
K/N |
RBS Buyer Inc. |
|
First Lien Delayed Draw Term Loan |
|
SOFR(Q) |
|
1.00% |
|
5.00% |
|
9.31% |
|
7/31/2031 |
|
$ |
— |
|
|
|
(3,645 |
) |
|
|
(7,200 |
) |
|
|
0.00 |
% |
|
K/N |
RBS Buyer Inc. |
|
First Lien Term Loan |
|
SOFR(Q) |
|
1.00% |
|
5.00% |
|
9.31% |
|
7/31/2031 |
|
$ |
3,400,000 |
|
|
|
3,357,965 |
|
|
|
3,359,200 |
|
|
|
0.19 |
% |
|
N |
Titan Home Improvement, LLC (Renuity) |
|
First Lien Term Loan |
|
SOFR(Q) |
|
1.00% |
|
4.75% |
|
8.95% |
|
5/31/2030 |
|
$ |
1,841,860 |
|
|
|
1,795,814 |
|
|
|
1,860,279 |
|
|
|
0.10 |
% |
|
N |
Titan Home Improvement, LLC (Renuity) |
|
First Lien Delayed Draw Term Loan |
|
SOFR(Q) |
|
1.00% |
|
4.75% |
|
8.95% |
|
5/31/2030 |
|
$ |
— |
|
|
|
— |
|
|
|
3,488 |
|
|
|
0.00 |
% |
|
N |
Vortex Companies, LLC |
|
First Lien Delayed Draw Term Loan |
|
Prime |
|
1.00% |
|
4.00% |
|
11.25% |
|
9/4/2029 |
|
$ |
99,476 |
|
|
|
94,251 |
|
|
|
104,712 |
|
|
|
0.01 |
% |
|
N |
Vortex Companies, LLC |
|
First Lien Term Loan |
|
SOFR(M) |
|
1.00% |
|
5.00% |
|
9.16% |
|
9/4/2029 |
|
$ |
1,085,291 |
|
|
|
1,070,028 |
|
|
|
1,093,973 |
|
|
|
0.06 |
% |
|
N |
Vortex Companies, LLC |
|
First Lien Term Loan |
|
SOFR(M) |
|
1.00% |
|
5.00% |
|
9.16% |
|
9/4/2029 |
|
$ |
877,519 |
|
|
|
844,123 |
|
|
|
884,539 |
|
|
|
0.05 |
% |
|
N |
Vortex Companies, LLC |
|
First Lien Term Loan |
|
SOFR(M) |
|
1.00% |
|
5.00% |
|
9.16% |
|
9/4/2029 |
|
$ |
650,781 |
|
|
|
632,952 |
|
|
|
655,987 |
|
|
|
0.04 |
% |
|
N |
Vortex Companies, LLC |
|
First Lien Delayed Draw Term Loan |
|
SOFR(M) |
|
1.00% |
|
5.00% |
|
9.16% |
|
9/4/2029 |
|
$ |
849,733 |
|
|
|
838,531 |
|
|
|
856,531 |
|
|
|
0.05 |
% |
|
N |
Vortex Companies, LLC |
|
First Lien Delayed Draw Term Loan |
|
SOFR(M) |
|
1.00% |
|
5.00% |
|
9.16% |
|
9/4/2029 |
|
$ |
421,782 |
|
|
|
433,488 |
|
|
|
425,156 |
|
|
|
0.02 |
% |
|
N |
Vortex Companies, LLC |
|
Sr Secured Revolver |
|
Prime |
|
1.00% |
|
4.00% |
|
11.25% |
|
9/4/2029 |
|
$ |
60,054 |
|
|
|
59,589 |
|
|
|
60,054 |
|
|
|
0.00 |
% |
|
N |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
65,828,499 |
|
|
|
66,402,879 |
|
|
|
3.74 |
% |
|
|
Consumer Finance |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Lucky US BuyerCo, LLC (Global Payments) |
|
Sr Secured Revolver |
|
SOFR(Q) |
|
1.00% |
|
7.50% |
|
11.50% |
|
3/30/2029 |
|
$ |
460,230 |
|
|
|
451,557 |
|
|
|
450,913 |
|
|
|
0.03 |
% |
|
N |
Lucky US BuyerCo, LLC (Global Payments) |
|
First Lien Term Loan |
|
SOFR(Q) |
|
1.00% |
|
7.50% |
|
11.50% |
|
3/30/2029 |
|
$ |
4,243,371 |
|
|
|
4,113,607 |
|
|
|
4,172,239 |
|
|
|
0.23 |
% |
|
N |
Money Transfer Acquisition Inc. |
|
First Lien Term Loan |
|
SOFR(M) |
|
1.00% |
|
8.35% |
|
12.51% |
|
12/14/2027 |
|
$ |
8,094,342 |
|
|
|
7,968,368 |
|
|
|
7,948,644 |
|
|
|
0.45 |
% |
|
N |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12,533,532 |
|
|
|
12,571,796 |
|
|
|
0.71 |
% |
|
|
Containers & Packaging |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BW Holding, Inc. (Brook & Whittle) |
|
First Lien Term Loan |
|
SOFR(Q) |
|
1.00% |
|
9.25% |
|
13.48% |
|
3/14/2029 |
|
$ |
18,067,808 |
|
|
|
16,906,861 |
|
|
|
7,046,445 |
|
|
|
0.40 |
% |
|
C/N |
PVHC Holding Corp. |
|
First Lien Term Loan |
|
SOFR(Q) |
|
2.50% |
|
5.65% Cash + 0.75% PIK |
|
10.39% |
|
2/17/2027 |
|
$ |
5,028,114 |
|
|
|
4,938,470 |
|
|
|
5,090,966 |
|
|
|
0.29 |
% |
|
N |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
21,845,331 |
|
|
|
12,137,411 |
|
|
|
0.69 |
% |
|
|
Diversified Consumer Services |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Express Wash Acquisition Company, LLC (Whistle) |
|
Sr Secured Revolver |
|
SOFR(Q) |
|
1.00% |
|
6.25% |
|
10.59% |
|
4/10/2031 |
|
$ |
— |
|
|
|
(15,382 |
) |
|
|
(26,666 |
) |
|
|
0.00 |
% |
|
K/N |
Express Wash Acquisition Company, LLC (Whistle) |
|
First Lien Term Loan |
|
SOFR(Q) |
|
1.00% |
|
6.25% |
|
10.58% |
|
4/10/2031 |
|
$ |
28,262,551 |
|
|
|
27,986,406 |
|
|
|
27,810,350 |
|
|
|
1.56 |
% |
|
N |
Fusion Holding Corp. (Finalsite) |
|
First Lien Term Loan |
|
SOFR(Q) |
|
0.75% |
|
6.25% |
|
10.25% |
|
9/29/2028 |
|
$ |
3,562,450 |
|
|
|
3,447,392 |
|
|
|
3,481,258 |
|
|
|
0.20 |
% |
|
N |
Fusion Holding Corp. (Finalsite) |
|
Sr Secured Revolver |
|
Prime |
|
0.75% |
|
6.25% |
|
10.25% |
|
9/15/2027 |
|
$ |
— |
|
|
|
(1,730 |
) |
|
|
(4,377 |
) |
|
|
0.00 |
% |
|
N |
Infinite Commerce Holdings LLC (Razor) |
|
2nd Lien 2A Term Loan |
|
Fixed |
|
0.00% |
|
15.00% PIK |
|
15.00% |
|
12/20/2029 |
|
$ |
3,074,451 |
|
|
|
3,077,118 |
|
|
|
3,077,218 |
|
|
|
0.17 |
% |
|
N |
Infinite Commerce Holdings LLC (Razor) |
|
2nd Lien 2B Term Loan |
|
Fixed |
|
0.00% |
|
15.00% PIK |
|
15.00% |
|
12/20/2029 |
|
$ |
1,353,054 |
|
|
|
1,354,271 |
|
|
|
1,354,271 |
|
|
|
0.08 |
% |
|
N |
Infinite Commerce Holdings LLC (Razor) |
|
2nd Lien 3B Term Loan |
|
Fixed |
|
0.00% |
|
15.00% PIK |
|
15.00% |
|
12/20/2029 |
|
$ |
20,462,578 |
|
|
|
15,762,324 |
|
|
|
16,018,106 |
|
|
|
0.90 |
% |
|
C/N |
SellerX Germany GMBH & Co. KG (Germany) |
|
Sr Secured Revolver |
|
SOFR(Q) |
|
0.00% |
|
5.00% |
|
9.32% |
|
11/5/2026 |
|
$ |
807,613 |
|
|
|
800,199 |
|
|
|
807,613 |
|
|
|
0.05 |
% |
|
B/H/N |
SellerX Germany GMBH & Co. KG (Germany) |
|
Sr Secured Revolver |
|
SOFR(Q) |
|
0.00% |
|
5.00% |
|
9.00% |
|
6/18/2029 |
|
$ |
10,890,726 |
|
|
|
11,129,493 |
|
|
|
10,890,725 |
|
|
|
0.61 |
% |
|
B/H/N |
SellerX Germany GMBH & Co. KG (Germany) |
|
First Lien Term Loan |
|
SOFR(Q) |
|
0.00% |
|
3.00% Cash + 6.00% PIK |
|
13.00% |
|
12/31/2028 |
|
$ |
7,286,727 |
|
|
|
7,286,727 |
|
|
|
7,286,727 |
|
|
|
0.41 |
% |
|
B/H/N |
SellerX Germany GMBH & Co. KG (Germany) |
|
First Lien Term Loan |
|
SOFR(Q) |
|
0.00% |
|
3.00% Cash + 6.00% PIK |
|
13.00% |
|
12/31/2028 |
|
$ |
8,360,256 |
|
|
|
8,360,256 |
|
|
|
8,360,256 |
|
|
|
0.47 |
% |
|
B/H/N |
Thras.io, LLC |
|
First Out Term Loan |
|
SOFR(Q) |
|
1.00% |
|
10.26% PIK |
|
14.58% |
|
6/18/2029 |
|
$ |
6,373,339 |
|
|
|
6,243,590 |
|
|
|
6,373,339 |
|
|
|
0.36 |
% |
|
N |
Thras.io, LLC |
|
Second Out Term Loan |
|
SOFR(Q) |
|
1.00% |
|
10.26% PIK |
|
14.58% |
|
6/18/2029 |
|
$ |
18,488,431 |
|
|
|
15,397,713 |
|
|
|
13,907,534 |
|
|
|
0.78 |
% |
|
C/N |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
100,828,377 |
|
|
|
99,336,354 |
|
|
|
5.59 |
% |
|
|
Diversified Financial Services |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
36th Street Capital Partners Holdings, LLC |
|
Senior Note |
|
Fixed |
|
0.00% |
|
12.00% |
|
12.00% |
|
11/30/2025 |
|
$ |
59,756,438 |
|
|
|
59,756,438 |
|
|
|
59,756,438 |
|
|
|
3.36 |
% |
|
E/F/N |
Accordion Partners LLC |
|
Sr Secured Revolver |
|
SOFR(Q) |
|
0.75% |
|
5.25% |
|
9.55% |
|
11/15/2031 |
|
$ |
— |
|
|
|
(2,801 |
) |
|
|
— |
|
|
|
0.00 |
% |
|
K/N |
Accordion Partners LLC |
|
First Lien Delayed Draw Term Loan |
|
SOFR(Q) |
|
0.75% |
|
5.00% |
|
9.12% |
|
11/15/2031 |
|
$ |
157,256 |
|
|
|
152,970 |
|
|
|
157,256 |
|
|
|
0.01 |
% |
|
N |
Accordion Partners LLC |
|
First Lien Term Loan |
|
SOFR(Q) |
|
0.75% |
|
5.00% |
|
9.00% |
|
11/15/2031 |
|
$ |
5,876,190 |
|
|
|
5,849,727 |
|
|
|
5,876,190 |
|
|
|
0.33 |
% |
|
N |
Accuserve Solutions, Inc. |
|
First Lien Term Loan |
|
SOFR(Q) |
|
1.00% |
|
5.25% |
|
9.48% |
|
3/15/2030 |
|
$ |
2,323,873 |
|
|
|
2,310,496 |
|
|
|
2,247,185 |
|
|
|
0.13 |
% |
|
N |
BlackRock TCP Capital Corp.
Consolidated Schedule of Investments (Unaudited) (Continued)
September 30, 2025
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Issuer |
|
Instrument |
|
Ref |
|
Floor |
|
Spread |
|
Total
Coupon |
|
Maturity |
|
Principal |
|
|
Cost |
|
|
Fair
Value |
|
|
% of Total
Cash and
Investments |
|
|
Notes |
Debt Investments (continued) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accuserve Solutions, Inc. |
|
First Lien Delayed Draw Term Loan |
|
SOFR(Q) |
|
1.00% |
|
5.25% |
|
9.59% |
|
3/15/2030 |
|
$ |
— |
|
|
$ |
(11,674 |
) |
|
$ |
(65,010 |
) |
|
|
0.00 |
% |
|
K/N |
Beekeeper Buyer Inc. (Archway) |
|
Sr Secured Revolver |
|
SOFR(Q) |
|
0.75% |
|
5.25% |
|
9.55% |
|
6/30/2031 |
|
$ |
— |
|
|
|
(1,919 |
) |
|
|
(1,800 |
) |
|
|
0.00 |
% |
|
K/N |
Beekeeper Buyer Inc. (Archway) |
|
First Lien Term Loan |
|
SOFR(Q) |
|
0.75% |
|
5.25% |
|
9.25% |
|
6/30/2031 |
|
$ |
800,000 |
|
|
|
792,099 |
|
|
|
792,800 |
|
|
|
0.04 |
% |
|
N |
GC Champion Acquisition LLC (Numerix) |
|
First Lien Term Loan |
|
SOFR(S) |
|
1.00% |
|
5.00% |
|
9.22% |
|
8/21/2028 |
|
$ |
7,664,429 |
|
|
|
7,395,165 |
|
|
|
7,600,355 |
|
|
|
0.43 |
% |
|
N |
GC Champion Acquisition LLC (Numerix) |
|
First Lien Delayed Draw Term Loan |
|
SOFR(S) |
|
1.00% |
|
5.00% |
|
9.22% |
|
8/21/2028 |
|
$ |
2,129,008 |
|
|
|
2,054,025 |
|
|
|
2,111,210 |
|
|
|
0.12 |
% |
|
N |
Gordon Brothers Finance Company |
|
Unsecured Debt |
|
LIBOR(M) |
|
1.00% |
|
11.00% |
|
15.30% |
|
6/3/2026 |
|
$ |
34,644,008 |
|
|
|
10,575,543 |
|
|
|
127,490 |
|
|
|
0.01 |
% |
|
C/F/N |
Libra Solutions Intermediate Holdco, LLC et al (fka Oasis Financial, LLC) |
|
Second Lien Term Loan |
|
SOFR(M) |
|
1.00% |
|
8.62% |
|
12.78% |
|
1/5/2026 |
|
$ |
9,430,643 |
|
|
|
9,380,014 |
|
|
|
9,524,950 |
|
|
|
0.54 |
% |
|
N |
Rialto Management Group, LLC |
|
Sr Secured Revolver |
|
SOFR(M) |
|
0.75% |
|
5.00% |
|
9.33% |
|
12/5/2030 |
|
$ |
— |
|
|
|
(1,492 |
) |
|
|
— |
|
|
|
0.00 |
% |
|
I/K/N |
Rialto Management Group, LLC |
|
First Lien Term Loan |
|
SOFR(M) |
|
0.75% |
|
5.00% |
|
9.16% |
|
12/5/2030 |
|
$ |
4,620,690 |
|
|
|
4,579,606 |
|
|
|
4,666,897 |
|
|
|
0.26 |
% |
|
I/N |
SitusAMC Holdings Corporation |
|
First Lien Term Loan |
|
SOFR(Q) |
|
0.75% |
|
5.50% |
|
9.50% |
|
5/14/2031 |
|
$ |
18,227,001 |
|
|
|
18,140,672 |
|
|
|
18,336,363 |
|
|
|
1.03 |
% |
|
N |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
120,968,869 |
|
|
|
111,130,324 |
|
|
|
6.26 |
% |
|
|
Electrical Equipment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Griffon Bidco Inc. |
|
Sr Secured Revolver |
|
SOFR(Q) |
|
0.75% |
|
5.00% |
|
9.00% |
|
7/31/2031 |
|
$ |
— |
|
|
|
(34,007 |
) |
|
|
(35,000 |
) |
|
|
0.00 |
% |
|
K/N |
Griffon Bidco Inc. |
|
First Lien Delayed Draw Term Loan |
|
SOFR(Q) |
|
0.75% |
|
5.00% |
|
9.00% |
|
7/31/2031 |
|
$ |
— |
|
|
|
(17,002 |
) |
|
|
(35,000 |
) |
|
|
0.00 |
% |
|
K/N |
Griffon Bidco Inc. |
|
First Lien Term Loan |
|
SOFR(Q) |
|
0.75% |
|
5.00% |
|
9.00% |
|
7/31/2031 |
|
$ |
19,250,000 |
|
|
|
19,058,083 |
|
|
|
19,057,500 |
|
|
|
1.07 |
% |
|
N |
Spark Buyer, LLC (Sparkstone) |
|
First Lien Delayed Draw Term Loan |
|
SOFR(Q) |
|
0.75% |
|
5.25% |
|
9.44% |
|
10/15/2031 |
|
$ |
— |
|
|
|
(58,170 |
) |
|
|
(349,655 |
) |
|
|
-0.02 |
% |
|
K/N |
Spark Buyer, LLC (Sparkstone) |
|
Sr Secured Revolver |
|
SOFR(Q) |
|
0.75% |
|
5.25% |
|
9.24% |
|
10/15/2031 |
|
$ |
762,069 |
|
|
|
762,069 |
|
|
|
587,241 |
|
|
|
0.03 |
% |
|
N |
Spark Buyer, LLC (Sparkstone) |
|
First Lien Term Loan |
|
SOFR(Q) |
|
0.75% |
|
5.25% |
|
9.44% |
|
10/15/2031 |
|
$ |
11,122,845 |
|
|
|
10,971,988 |
|
|
|
10,255,263 |
|
|
|
0.58 |
% |
|
N |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
30,682,961 |
|
|
|
29,480,349 |
|
|
|
1.66 |
% |
|
|
Health Care Technology |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Appriss Health, LLC (PatientPing) |
|
First Lien Term Loan |
|
SOFR(M) |
|
1.00% |
|
4.85% |
|
9.02% |
|
5/6/2027 |
|
$ |
5,382,416 |
|
|
|
5,317,467 |
|
|
|
5,436,240 |
|
|
|
0.31 |
% |
|
N |
Appriss Health, LLC (PatientPing) |
|
Sr Secured Revolver |
|
SOFR(M) |
|
1.00% |
|
4.90% |
|
9.22% |
|
5/6/2027 |
|
$ |
— |
|
|
|
(4,919 |
) |
|
|
— |
|
|
|
0.00 |
% |
|
K/N |
CareATC, Inc. |
|
First Lien Term Loan |
|
SOFR(Q) |
|
1.00% |
|
7.35% |
|
11.38% |
|
3/14/2026 |
|
$ |
21,003,126 |
|
|
|
20,859,552 |
|
|
|
20,772,092 |
|
|
|
1.17 |
% |
|
N |
CareATC, Inc. |
|
Sr Secured Revolver |
|
SOFR(Q) |
|
1.00% |
|
7.35% |
|
11.66% |
|
3/14/2026 |
|
$ |
— |
|
|
|
(2,269 |
) |
|
|
(10,399 |
) |
|
|
0.00 |
% |
|
K/N |
ESO Solutions, Inc. |
|
First Lien Term Loan |
|
SOFR(Q) |
|
1.00% |
|
6.75% |
|
10.95% |
|
5/3/2027 |
|
$ |
32,182,664 |
|
|
|
31,731,916 |
|
|
|
32,053,933 |
|
|
|
1.80 |
% |
|
N |
ESO Solutions, Inc. |
|
Sr Secured Revolver |
|
SOFR(Q) |
|
1.00% |
|
6.75% |
|
10.95% |
|
5/3/2027 |
|
$ |
2,366,541 |
|
|
|
2,341,744 |
|
|
|
2,357,075 |
|
|
|
0.13 |
% |
|
N |
Gainwell Acquisition Corp. |
|
Second Lien Term Loan |
|
SOFR(Q) |
|
1.00% |
|
8.10% |
|
12.39% |
|
10/2/2028 |
|
$ |
7,744,557 |
|
|
|
7,621,608 |
|
|
|
7,583,913 |
|
|
|
0.43 |
% |
|
N |
Mpulse Mobile Inc. |
|
Sr Secured Revolver |
|
SOFR(Q) |
|
0.75% |
|
4.75% |
|
8.75% |
|
8/26/2032 |
|
$ |
— |
|
|
|
(5,486 |
) |
|
|
(5,508 |
) |
|
|
0.00 |
% |
|
K/N |
Mpulse Mobile Inc. |
|
First Lien Term Loan |
|
SOFR(Q) |
|
0.75% |
|
4.75% |
|
8.75% |
|
8/26/2032 |
|
$ |
3,895,997 |
|
|
|
3,857,130 |
|
|
|
3,857,461 |
|
|
|
0.22 |
% |
|
N |
Mpulse Mobile Inc. |
|
First Lien Delayed Draw Term Loan |
|
SOFR(Q) |
|
0.75% |
|
4.75% |
|
8.75% |
|
8/26/2032 |
|
$ |
— |
|
|
|
(3,795 |
) |
|
|
(3,670 |
) |
|
|
0.00 |
% |
|
K/N |
MRO Parent Corporation |
|
First Lien Delayed Draw Term Loan |
|
SOFR(Q) |
|
0.75% |
|
4.50% |
|
8.62% |
|
6/9/2032 |
|
$ |
— |
|
|
|
(533 |
) |
|
|
(593 |
) |
|
|
0.00 |
% |
|
K/N |
MRO Parent Corporation |
|
Sr Secured Revolver |
|
SOFR(Q) |
|
0.75% |
|
4.75% |
|
9.08% |
|
6/9/2032 |
|
$ |
— |
|
|
|
(1,064 |
) |
|
|
(593 |
) |
|
|
0.00 |
% |
|
K/N |
MRO Parent Corporation |
|
First Lien Term Loan |
|
SOFR(Q) |
|
0.75% |
|
4.50% |
|
8.62% |
|
6/9/2032 |
|
$ |
851,852 |
|
|
|
839,343 |
|
|
|
845,037 |
|
|
|
0.05 |
% |
|
N |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
72,550,694 |
|
|
|
72,884,988 |
|
|
|
4.11 |
% |
|
|
Healthcare Providers and Services |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PHC Buyer, LLC (Patriot Home Care) |
|
First Lien Term Loan |
|
SOFR(Q) |
|
0.75% |
|
6.00% |
|
10.20% |
|
5/4/2028 |
|
$ |
13,748,553 |
|
|
|
13,450,265 |
|
|
|
13,499,336 |
|
|
|
0.76 |
% |
|
N |
PHC Buyer, LLC (Patriot Home Care) |
|
First Lien Delayed Draw Term Loan |
|
SOFR(Q) |
|
0.75% |
|
6.00% |
|
10.20% |
|
5/4/2028 |
|
$ |
3,197,338 |
|
|
|
3,183,033 |
|
|
|
3,139,381 |
|
|
|
0.18 |
% |
|
N |
Team Services Group, LLC |
|
Second Lien Term Loan |
|
SOFR(Q) |
|
1.00% |
|
9.26% |
|
13.57% |
|
10/1/2028 |
|
$ |
34,410,390 |
|
|
|
33,616,807 |
|
|
|
34,410,390 |
|
|
|
1.94 |
% |
|
G/N |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
50,250,105 |
|
|
|
51,049,107 |
|
|
|
2.88 |
% |
|
|
Hotels, Restaurants and Leisure |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OCM Luxembourg Baccarat BidCo S.À R.L. (Interblock) (Slovenia) |
|
First Lien Term Loan |
|
SOFR(Q) |
|
2.00% |
|
6.25% |
|
10.38% |
|
6/3/2027 |
|
$ |
5,314,709 |
|
|
|
5,170,252 |
|
|
|
5,291,520 |
|
|
|
0.30 |
% |
|
H/N |
OCM Luxembourg Baccarat BidCo S.À R.L. (Interblock) (Slovenia) |
|
Second Lien Term Loan |
|
SOFR(Q) |
|
2.00% |
|
6.25% |
|
10.38% |
|
3/15/2029 |
|
$ |
3,318,335 |
|
|
|
3,158,847 |
|
|
|
3,303,857 |
|
|
|
0.19 |
% |
|
H/N |
OCM Luxembourg Baccarat BidCo S.À R.L. (Interblock) (Slovenia) |
|
Sr Secured Revolver |
|
SOFR(M) |
|
2.00% |
|
6.25% |
|
10.41% |
|
6/3/2027 |
|
$ |
438,327 |
|
|
|
435,123 |
|
|
|
436,414 |
|
|
|
0.02 |
% |
|
H/N |
Stonebridge Companies, LLC |
|
First Lien Delayed Draw Term Loan |
|
SOFR(Q) |
|
0.75% |
|
5.00% |
|
9.16% |
|
5/16/2031 |
|
$ |
— |
|
|
|
(1,369 |
) |
|
|
(2,323 |
) |
|
|
0.00 |
% |
|
K/N |
Stonebridge Companies, LLC |
|
Sr Secured Revolver |
|
SOFR(Q) |
|
0.75% |
|
5.00% |
|
9.34% |
|
5/16/2030 |
|
$ |
— |
|
|
|
(1,795 |
) |
|
|
(1,548 |
) |
|
|
0.00 |
% |
|
K/N |
BlackRock TCP Capital Corp.
Consolidated Schedule of Investments (Unaudited) (Continued)
September 30, 2025
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Issuer |
|
Instrument |
|
Ref |
|
Floor |
|
Spread |
|
Total
Coupon |
|
Maturity |
|
Principal |
|
|
Cost |
|
|
Fair
Value |
|
|
% of Total
Cash and
Investments |
|
|
Notes |
Debt Investments (continued) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stonebridge Companies, LLC |
|
First Lien Term Loan |
|
SOFR(M) |
|
0.75% |
|
5.00% |
|
9.16% |
|
5/16/2031 |
|
$ |
677,419 |
|
|
$ |
667,603 |
|
|
$ |
669,290 |
|
|
|
0.04 |
% |
|
N |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,428,661 |
|
|
|
9,697,210 |
|
|
|
0.55 |
% |
|
|
Household Durables |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Bad Boy Mowers JV Acquisition, LLC |
|
First Lien Term Loan |
|
SOFR(M) |
|
1.00% |
|
5.25% |
|
9.39% |
|
11/9/2029 |
|
$ |
5,258,461 |
|
|
|
5,073,576 |
|
|
|
5,311,045 |
|
|
|
0.30 |
% |
|
N |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Insurance |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AmeriLife Holdings, LLC |
|
First Lien Term Loan |
|
SOFR(Q) |
|
0.75% |
|
5.00% |
|
9.17% |
|
8/31/2029 |
|
$ |
7,226,455 |
|
|
|
6,977,877 |
|
|
|
7,226,455 |
|
|
|
0.41 |
% |
|
N |
AmeriLife Holdings, LLC |
|
Sr Secured Revolver |
|
SOFR(Q) |
|
0.75% |
|
5.00% |
|
9.17% |
|
8/31/2028 |
|
$ |
123,749 |
|
|
|
116,775 |
|
|
|
123,749 |
|
|
|
0.01 |
% |
|
N |
EBS Parent Holdings Inc. (The Difference Card) |
|
First Lien Delayed Draw Term Loan |
|
SOFR(Q) |
|
0.75% |
|
5.00% |
|
9.00% |
|
7/1/2032 |
|
$ |
— |
|
|
|
(3,742 |
) |
|
|
(7,764 |
) |
|
|
0.00 |
% |
|
K/N |
EBS Parent Holdings Inc. (The Difference Card) |
|
Sr Secured Revolver |
|
SOFR(Q) |
|
0.75% |
|
5.00% |
|
9.34% |
|
7/1/2032 |
|
$ |
— |
|
|
|
(2,495 |
) |
|
|
(2,588 |
) |
|
|
0.00 |
% |
|
K/N |
EBS Parent Holdings Inc. (The Difference Card) |
|
First Lien Term Loan |
|
SOFR(Q) |
|
0.75% |
|
5.00% |
|
9.00% |
|
7/1/2032 |
|
$ |
3,105,469 |
|
|
|
3,074,649 |
|
|
|
3,074,414 |
|
|
|
0.17 |
% |
|
N |
Integrity Marketing Acquisition, LLC |
|
First Lien Term Loan |
|
SOFR(Q) |
|
0.75% |
|
5.00% |
|
9.20% |
|
8/25/2028 |
|
$ |
2,360,169 |
|
|
|
2,342,230 |
|
|
|
2,360,169 |
|
|
|
0.13 |
% |
|
N |
Integrity Marketing Acquisition, LLC |
|
Sr Secured Revolver |
|
SOFR(Q) |
|
0.75% |
|
5.00% |
|
9.32% |
|
8/25/2028 |
|
$ |
— |
|
|
|
(279,651 |
) |
|
|
— |
|
|
|
0.00 |
% |
|
K/N |
IT Parent, LLC |
|
First Lien Term Loan |
|
SOFR(Q) |
|
1.00% |
|
5.60% |
|
9.80% |
|
10/1/2026 |
|
$ |
743,803 |
|
|
|
734,639 |
|
|
|
747,522 |
|
|
|
0.04 |
% |
|
N |
IT Parent, LLC |
|
First Lien Term Loan |
|
SOFR(Q) |
|
1.00% |
|
5.60% |
|
9.80% |
|
10/1/2026 |
|
$ |
5,834,063 |
|
|
|
5,762,961 |
|
|
|
5,863,233 |
|
|
|
0.33 |
% |
|
N |
IT Parent, LLC |
|
Sr Secured Revolver |
|
Prime |
|
1.00% |
|
4.50% |
|
11.75% |
|
10/1/2026 |
|
$ |
875,000 |
|
|
|
864,862 |
|
|
|
875,000 |
|
|
|
0.05 |
% |
|
N |
IT Parent, LLC |
|
First Lien Term Loan |
|
SOFR(A) |
|
1.00% |
|
5.60% |
|
9.92% |
|
10/1/2026 |
|
$ |
3,090,997 |
|
|
|
3,065,946 |
|
|
|
3,106,452 |
|
|
|
0.17 |
% |
|
N |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
22,654,051 |
|
|
|
23,366,642 |
|
|
|
1.31 |
% |
|
|
Internet and Catalog Retail |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Syndigo, LLC |
|
Sr Secured Revolver |
|
SOFR(M) |
|
0.75% |
|
5.00% |
|
9.31% |
|
9/2/2032 |
|
$ |
— |
|
|
|
(7,030 |
) |
|
|
(7,109 |
) |
|
|
0.00 |
% |
|
K/N |
Syndigo, LLC |
|
First Lien Term Loan |
|
SOFR(Q) |
|
0.75% |
|
5.00% |
|
9.17% |
|
9/2/2032 |
|
$ |
5,289,100 |
|
|
|
5,236,536 |
|
|
|
5,236,209 |
|
|
|
0.29 |
% |
|
N |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,229,506 |
|
|
|
5,229,100 |
|
|
|
0.29 |
% |
|
|
Internet Software and Services |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Acquia, Inc. |
|
Sr Secured Revolver |
|
SOFR(Q) |
|
1.00% |
|
6.15% |
|
10.45% |
|
11/1/2025 |
|
$ |
1,891,323 |
|
|
|
1,892,441 |
|
|
|
1,891,323 |
|
|
|
0.11 |
% |
|
N |
Acquia, Inc. |
|
First Lien Term Loan |
|
SOFR(Q) |
|
1.00% |
|
6.15% |
|
10.43% |
|
11/1/2026 |
|
$ |
25,299,736 |
|
|
|
25,261,170 |
|
|
|
25,299,736 |
|
|
|
1.42 |
% |
|
N |
Astra Acquisition Corp. (Anthology) |
|
Second Lien Term Loan |
|
Prime |
|
0.75% |
|
9.88% |
|
17.13% |
|
10/25/2029 |
|
$ |
27,879,880 |
|
|
|
20,205,334 |
|
|
|
3 |
|
|
|
0.00 |
% |
|
C/N |
Bynder Bidco, Inc. (Netherlands) |
|
Sr Secured Revolver A |
|
SOFR(S) |
|
1.00% |
|
6.00% |
|
10.14% |
|
1/26/2029 |
|
$ |
— |
|
|
|
(5,220 |
) |
|
|
— |
|
|
|
0.00 |
% |
|
H/K/N |
Bynder Bidco, Inc. (Netherlands) |
|
First Lien Term Loan A |
|
SOFR(S) |
|
1.00% |
|
6.00% |
|
10.14% |
|
1/26/2029 |
|
$ |
4,283,754 |
|
|
|
4,176,945 |
|
|
|
4,289,169 |
|
|
|
0.24 |
% |
|
H/N |
Bynder Bidco B.V. (Netherlands) |
|
Sr Secured Revolver B |
|
SOFR(S) |
|
1.00% |
|
6.00% |
|
10.14% |
|
1/26/2029 |
|
$ |
— |
|
|
|
(18,948 |
) |
|
|
— |
|
|
|