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
Download Data| Date | Value |
|---|---|
| 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 |