Name | Value |
---|---|
Revenues | 71.5M |
Cost of Revenue | 0.0M |
Gross Profit | 71.5M |
Operating Expense | 16.0M |
Operating I/L | 55.6M |
Other Income/Expense | -106.8M |
Interest Income | 69.0M |
Pretax | -51.3M |
Income Tax Expense | 0.0M |
Net Income/Loss | -51.3M |
BlackRock TCP Capital Corp. is a business development company specializing in direct equity and debt investments in middle-market companies. It invests in a wide range of industries including communication services, energy, healthcare, biotechnology, and technology. The company typically invests between $10 million and $35 million in companies with enterprise values between $100 million and $1500 million, focusing on complex situations. It prefers to make equity investments for an ownership stake, generating revenue through interest income, capital gains, and fees from its investment activities.