BlackRock TCP Capital chairman, CEO Vig to resign

BlackRock TCP Capital Corp. announced the following leadership transitions effective November 6, 2024: Chairman of the Board and Chief Executive Officer Rajneesh Vig will resign his position as Chairman of the Board and CEO and will continue to serve on the Company’s Board of Directors until January 31, 2025 to ensure a smooth transition. Raj Vig made the decision to step back from those roles and to pursue other opportunities outside of BlackRock, Inc; President Phil Tseng will succeed Raj Vig as Chairman of the Board of Directors and Chief Executive Officer. He has also been named Co-Chief Investment Officer; Chief Operating Officer Jason Mehring will assume the role of President; Patrick Wolfe, a senior investment professional with BlackRock’s US Private Capital platform, has been appointed Chief Operating Officer; Dan Worrell, a senior investment professional with BlackRock’s US Private Capital platform, has been named Co-Chief Investment Officer with Phil Tseng. Rajneesh Vig, BlackRock TCP Capital Corp. Chairman and CEO, said, “It has been an honor to lead BlackRock TCPC Capital Corp. over the past several years and to play a key role in the development and growth of the firm since 2006. Having partnered closely with Phil Tseng over a long and productive time, I know our team is in great hands and positioned for the next phase of growth and success.”