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Consolidated Schedule of Changes in Investments in Non-Controlled Affiliates and Controlled Affiliates
12 Months Ended
Dec. 31, 2023
Investments in and Advances to Affiliates [Abstract]  
Consolidated Schedule of Changes in Investments in Non-Controlled Affiliates and Controlled Affiliates

BlackRock TCP Capital Corp.

Consolidated Schedule of Changes in Investments in Non-Controlled Affiliates(1)

Year ended December 31, 2023

 

Security

 

Dividends or
Interest
 (2)

 

 

Fair Value at
December 31, 2022

 

 

Net realized
gain or loss

 

 

Net increase
or decrease
in unrealized
appreciation
or depreciation

 

 

Acquisitions (3)

 

 

Dispositions (4)

 

 

Fair Value at
December 31, 2023

 

Iracore International Holdings, Inc., Senior Secured 1st Lien Term Loan, LIBOR + 9%, 1% LIBOR Floor, due 4/12/24

 

$

191,149

 

 

$

1,324,140

 

 

$

-

 

 

$

-

 

 

$

11

 

 

$

-

 

 

$

1,324,151

 

Iracore Investments Holdings, Inc., Class A Common Stock

 

 

-

 

 

 

2,983,163

 

 

 

-

 

 

 

(1,183,985

)

 

 

-

 

 

 

-

 

 

 

1,799,178

 

Hylan Intermediate Holdings II LLC, 2nd Lien Term Loan, SOFR + 10%, 1% SOFR Floor, due 3/11/2027

 

 

581,023

 

 

 

4,789,265

 

 

 

-

 

 

 

104,575

 

 

 

5,260,111

 

 

 

(131,865

)

 

 

10,022,086

 

Hylan Intermediate Holdings II LLC, Senior Secured 1st Lien Term Loan, SOFR + 8%, 1% SOFR Floor, due 2/22/26

 

 

683,947

 

 

 

4,978,225

 

 

 

-

 

 

 

1,495

 

 

 

4,978,225

 

 

 

-

 

 

 

9,957,945

 

Hylan Novellus LLC, Class A Units

 

 

 

 

 

12,230,088

 

 

 

-

 

 

 

(9,402,715

)

 

 

-

 

 

 

-

 

 

 

2,827,373

 

TVG-Edmentum Holdings, LLC, Series A Preferred Units

 

 

45,650

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

TVG-Edmentum Holdings, LLC, Series B-1 Common Units

 

 

2,652,917

 

 

 

32,391,197

 

 

 

-

 

 

 

(10,414,537

)

 

 

2,652,906

 

 

 

-

 

 

 

24,629,566

 

TVG-Edmentum Holdings, LLC, Series B-2 Common Units

 

 

-

 

 

 

32,391,197

 

 

 

-

 

 

 

(7,761,631

)

 

 

-

 

 

 

-

 

 

 

24,629,566

 

Total

 

$

4,154,686

 

 

$

91,087,275

 

 

$

—

 

 

$

(28,656,798

)

 

$

12,891,253

 

 

$

(131,865

)

 

$

75,189,865

 

 

Notes to Consolidated Schedule of Changes in Investments in Non-Controlled Affiliates:

(1)
The issuers of the securities listed on this schedule are considered non-controlled affiliates under the 1940 Act due to the ownership by the Company of 5% to 25% of the issuers' voting securities.
(2)
Also includes fee income as applicable.
(3)
Acquisitions include new purchases, PIK income and amortization of original issue and market discounts.
(4)
Dispositions include decreases in the cost basis from sales and paydowns.

Consolidated Schedule of Changes in Investments in Controlled Affiliates(1)

Year ended December 31, 2023

 

Security

 

Dividends
or Interest
(2)

 

 

Fair Value at
December 31, 2022

 

 

Net realized
gain or loss

 

 

Net increase
or decrease
in unrealized
appreciation
or depreciation

 

 

Acquisitions (3)

 

 

Dispositions (4)

 

 

Fair Value at
December 31, 2023

 

36th Street Capital Partners Holdings, LLC, Membership Units

 

$

(680,883

)

 

$

56,272,000

 

 

$

-

 

 

$

(6,043,500

)

 

$

312,500

 

 

$

-

 

 

$

50,541,000

 

36th Street Capital Partners Holdings, LLC, Senior Note, 12%, due 11/1/25

 

 

5,937,130

 

 

 

50,131,437

 

 

 

-

 

 

 

-

 

 

 

2,187,500

 

 

 

-

 

 

 

52,318,937

 

Anacomp, Inc., Class A Common Stock

 

 

-

 

 

 

552,432

 

 

 

-

 

 

 

290,642

 

 

 

-

 

 

 

-

 

 

 

843,074

 

Conventional Lending TCP Holdings, LLC, Membership Units

 

 

1,674,050

 

 

 

16,146,544

 

 

 

-

 

 

 

(20,000

)

 

 

250,000

 

 

 

-

 

 

 

16,376,544

 

Kawa Solar Holdings Limited, Bank Guarantee Credit Facility, 0%, due 12/31/22

 

 

-

 

 

 

101,315

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

101,315

 

Kawa Solar Holdings Limited, Ordinary Shares

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Kawa Solar Holdings Limited, Revolving Credit Facility, 0%, due 12/31/22

 

 

-

 

 

 

1,862,701

 

 

 

-

 

 

 

(495,428

)

 

 

-

 

 

 

-

 

 

 

1,367,273

 

Fishbowl, Inc., Senior Secured 1st Lien Term Loan, SOFR + 5%, 1% SOFR Floor, due 05/27/2027

 

 

1,261,826

 

 

 

12,089,579

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

12,089,579

 

Fishbowl INC., Common Membership Units

 

 

-

 

 

 

577,277

 

 

 

-

 

 

 

(441,874

)

 

 

-

 

 

 

-

 

 

 

135,403

 

AutoAlert, LLC, Senior Secured 1st Lien Term Loan, SOFR + 5.4%, 1% SOFR Floor, PIK toggle, due 3/31/28

 

 

1,522,939

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

2,533,793

 

 

 

16,278,838

 

 

 

18,812,631

 

AutoAlert, LLC, Senior Secured 2nd Lien Term Loan, SOFR + 9.4%, 1% SOFR Floor, PIK toggle, due 3/31/29

 

 

997,865

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

651,700

 

 

 

8,604,529

 

 

 

9,256,229

 

AutoAlert, LLC, Class A Common Interest

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(4,713,886

)

 

 

4,713,886

 

 

 

-

 

AutoAlert, LLC, Preferred Equity

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(4,302,264

)

 

 

4,302,264

 

 

 

-

 

AA Acquisition Aggregator, LLC, Ordinary Shares

 

 

-

 

 

 

-

 

 

 

-

 

 

 

969,054

 

 

 

9,016,153

 

 

 

-

 

 

 

9,985,207

 

Total

 

$

10,712,927

 

 

$

137,733,285

 

 

$

—

 

 

$

(5,741,106

)

 

$

5,935,496

 

 

$

33,899,517

 

 

$

171,827,192

 

 

Notes to Consolidated Schedule of Changes in Investments in Controlled Affiliates:

(1)
The issuers of the securities listed on this schedule are considered controlled affiliates under the 1940 Act due to the ownership by the Company of more than 25% of the issuers' voting securities.
(2)
Also includes fee income as applicable.
(3)
Acquisitions include new purchases, PIK income and amortization of original issue and market discounts.
(4)
Dispositions include decreases in the cost basis from sales and paydowns.

Consolidated Schedule of Changes in Investments in Non-Controlled Affiliates (1)

Year Ended December 31, 2022

 

Security

 

Dividends or
Interest (2)

 

 

Fair Value at
December 31,
2021

 

 

Net realized
gain or loss

 

 

Net increase
or decrease
in unrealized
appreciation
or depreciation

 

 

Acquisitions (3)

 

 

Dispositions (4)

 

 

Fair Value at
December 31, 2022

 

Iracore International Holdings, Inc., Senior Secured 1st Lien Term Loan, LIBOR + 9%, 1% LIBOR Floor, due 4/12/24

 

$

148,806

 

 

$

1,324,140

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

 

1,324,140

 

Iracore Investments Holdings, Inc., Class A Common Stock

 

 

-

 

 

 

4,344,746

 

 

 

-

 

 

 

(1,361,583

)

 

 

-

 

 

 

-

 

 

 

2,983,163

 

NEG Parent, LLC (CORE Entertainment, Inc.), Class A Units

 

 

-

 

 

 

15,224,581

 

 

 

9,653,044

 

 

 

(12,451,775

)

 

 

-

 

 

 

(12,425,850

)

 

 

-

 

NEG Parent, LLC (CORE Entertainment, Inc.), Class A Warrants to Purchase Class A Units

 

 

-

 

 

 

1,409,955

 

 

 

820,337

 

 

 

(1,213,868

)

 

 

-

 

 

 

(1,016,424

)

 

 

-

 

NEG Parent, LLC (CORE Entertainment, Inc.), Class B Warrants to Purchase Class A Units

 

 

-

 

 

 

1,423,944

 

 

 

699,058

 

 

 

(1,225,912

)

 

 

-

 

 

 

(897,090

)

 

 

-

 

TVG-Edmentum Holdings, LLC, Series A Preferred Units

 

 

180,519

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

TVG-Edmentum Holdings, LLC, Series B-1 Common Units

 

 

2,357,065

 

 

 

36,740,019

 

 

 

-

 

 

 

(6,705,895

)

 

 

2,357,073

 

 

 

-

 

 

 

32,391,197

 

TVG-Edmentum Holdings, LLC, Series B-2 Common Units

 

 

-

 

 

 

36,740,019

 

 

 

-

 

 

 

(4,348,822

)

 

 

-

 

 

 

-

 

 

 

32,391,197

 

Total

 

$

2,686,390

 

 

$

97,207,404

 

 

$

11,172,439

 

 

$

(27,307,855

)

 

$

2,357,073

 

 

$

(14,339,364

)

 

$

69,089,697

 

 

 

Notes to Consolidated Schedule of Changes in Investments in Non-Controlled Affiliates:

(1)
The issuers of the securities listed on this schedule are considered non-controlled affiliates under the 1940 Act due to the ownership by the Company of 5% to 25% of the issuers' voting securities.
(2)
Also includes fee and lease income as applicable.
(3)
Acquisitions include new purchases, PIK income and amortization of original issue and market discounts.
(4)
Dispositions include decreases in the cost basis from sales and paydowns.

Consolidated Schedule of Changes in Investments in Controlled Affiliates (1)

Year Ended December 31, 2022

 

Security

 

Dividends
or Interest (2)

 

 

Fair Value at
December 31,
2021

 

 

Net realized
gain or loss

 

 

Net increase
or decrease
in unrealized
appreciation
or depreciation

 

 

Acquisitions (3)

 

 

Dispositions (4)

 

 

Fair Value at
December 31, 2022

 

36th Street Capital Partners Holdings, LLC, Membership Units

 

$

3,794,889

 

 

$

34,082,000

 

 

$

-

 

 

$

20,940,000

 

 

$

1,250,000

 

 

$

-

 

 

$

56,272,000

 

36th Street Capital Partners Holdings, LLC, Senior Note, 12%, due 11/1/25

 

 

4,977,439

 

 

 

41,381,437

 

 

 

-

 

 

 

-

 

 

 

8,750,000

 

 

 

-

 

 

 

50,131,437

 

Anacomp, Inc., Class A Common Stock

 

 

-

 

 

 

326,437

 

 

 

-

 

 

 

225,995

 

 

 

-

 

 

 

-

 

 

 

552,432

 

Conergy Asia & ME Pte. Ltd., 1st Lien Term Loan, 0%, due 12/31/22

 

 

-

 

 

 

339,100

 

 

 

-

 

 

 

(339,100

)

 

 

-

 

 

 

-

 

 

 

-

 

Conventional Lending TCP Holdings, LLC, Membership Units

 

 

2,155,374

 

 

 

26,901,777

 

 

 

(124,801

)

 

 

(131,604

)

 

 

515,000

 

 

 

(11,013,828

)

 

 

16,146,544

 

Kawa Solar Holdings Limited, Bank Guarantee Credit Facility, 0%, due 12/31/22

 

 

-

 

 

 

101,315

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

101,315

 

Kawa Solar Holdings Limited, Ordinary Shares

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Kawa Solar Holdings Limited, Revolving Credit Facility, 0%, due 12/31/22

 

 

-

 

 

 

1,955,145

 

 

 

-

 

 

 

(92,444

)

 

 

-

 

 

 

-

 

 

 

1,862,701

 

Fishbowl, Inc., Senior Secured 1st Lien Term Loan, SOFR + 5%, 1% SOFR Floor, due 05/27/2027

 

 

577,752

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

12,089,579

 

 

 

-

 

 

 

12,089,579

 

Fishbowl INC., Common Membership Units

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(209,754

)

 

 

787,031

 

 

 

-

 

 

 

577,277

 

Total

 

$

11,505,454

 

 

$

105,087,211

 

 

$

(124,801

)

 

$

20,393,093

 

 

$

23,391,610

 

 

$

(11,013,828

)

 

$

137,733,285

 

 

 

Notes to Consolidated Schedule of Changes in Investments in Controlled Affiliates:

(1)
The issuers of the securities listed on this schedule are considered controlled affiliates under the 1940 Act due to the ownership by the Company of more than 25% of the issuers' voting securities.
(2)
Also includes fee and lease income as applicable.
(3)
Acquisitions include new purchases, PIK income and amortization of original issue and market discounts.
(4)
Dispositions include decreases in the cost basis from sales and paydowns.