BlackRock TCP Capital (TCPC) Invested Capital (2021 - 2026)

BlackRock TCP Capital posted quarterly Invested Capital of $1.5 billion for Q1 2026, down 20.7% year-on-year from $1.9 billion in Q1 2025, and down 8.73% on a QoQ basis from $1.6 billion in Q4 2025.

BlackRock TCP Capital (TCPC) has 6 years of Invested Capital data on file, last reported at $1.5 billion in Q1 2026.

  • For the quarter ending Q1 2026, Invested Capital fell 20.7% year-over-year to $1.5 billion; the trailing twelve-month figure through Mar 2026 stood at $1.5 billion (down 20.7% YoY), and the FY2025 full-year result was $1.6 billion, down 14.18% from the prior year.
  • Invested Capital for Q1 2026 stood at $1.5 billion, down from $1.6 billion in the prior quarter.
  • Across five years, Invested Capital topped out at $2.3 billion in Q1 2024 and bottomed at $807.0 million in Q2 2022.
  • The 5-year median for Invested Capital is $1.8 billion (2023), against an average of $1.7 billion.
  • The widest annual swing landed in 2022, when Invested Capital surged 121.05%; it then slipped 20.7% in 2026.
  • A 5-year view of Invested Capital shows it stood at $1.7 billion in 2022, then dropped by 1.06% to $1.7 billion in 2023, then gained by 13.79% to $1.9 billion in 2024, then retreated by 14.18% to $1.6 billion in 2025, then slipped by 8.73% to $1.5 billion in 2026.
  • The last three Invested Capital figures came in at $1.5 billion (Q1 2026), $1.6 billion (Q4 2025), and $1.8 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 BlackRock 158.51 Bn 148.89 Bn - 69.22 Bn
2 Blackstone 92.68 Bn 91.63 Bn - 8.37 Bn
3 Kkr 84.94 Bn 132.45 Bn - 30.50 Bn
4 Brookfield Asset Management 77.34 Bn 77.68 Bn - 8.59 Bn
5 Apollo Global Management 76.27 Bn 95.00 Bn 5.04 Bn 53.75 Bn
6 State Street 44.42 Bn 18.75 Bn - -
7 Ameriprise Financial 41.68 Bn 41.55 Bn 4.57 Bn 8.75 Bn
8 Northern Trust 31.21 Bn 31.21 Bn - 12.99 Bn
9 Ares Management 28.85 Bn 32.22 Bn - 12.75 Bn
10 BlackRock TCP Capital 332.70 Mn 239.44 Mn - 1.49 Bn

Historic Data

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DateValue
Mar 31, 2026 1.49 Bn
Dec 31, 2025 1.63 Bn
Sep 30, 2025 1.79 Bn
Jun 30, 2025 1.92 Bn
Mar 31, 2025 1.88 Bn
Dec 31, 2024 1.90 Bn
Sep 30, 2024 2.03 Bn
Jun 30, 2024 2.19 Bn
Mar 31, 2024 2.26 Bn
Dec 31, 2023 1.67 Bn
Sep 30, 2023 1.71 Bn
Jun 30, 2023 1.77 Bn
Mar 31, 2023 1.77 Bn
Dec 31, 2022 1.69 Bn
Sep 30, 2022 1.80 Bn
Jun 30, 2022 807.00 Mn
Mar 31, 2022 824.46 Mn
Dec 31, 2021 1.84 Bn
Sep 30, 2021 814.20 Mn