NAV: loading... Distribution rate: loading... See complete performance

A better alternative for direct lending

An industry-led approach in combination with our scale and expertise helps us unlock value for both our sponsor companies and investors.

BlackRock’s distinctive private credit experience

BlackRock’s global credit platform has large, centralized teams focused on sourcing high quality private credit opportunities across all market cycles. As a leader in private credit investing with a 22+ year track record, we endeavor to identify value in unique and complex transactions where others cannot.


1 Reflects Direct Lending transactions funded between June 21, 2000 and December 31, 2022 across multiple funds and accounts managed by Tennenbaum Capital Partners, LLC (“TCP”) and investment professionals in BlackRock’s U.S. Private Capital group. On 1 August 2018, BlackRock acquired TCP and the TCP investment professionals comprise the majority of the Direct Lending investment team. Certain of the legacy TCP vehicles are dedicated direct lending/performing credit funds and others include both of legacy TCP’s core strategies (including special situations). Investments that were initially “Special Situations” investments are not included. Special Situations are: rescue loans, distressed-for-control, deep value, and structured equity investments.

2 Source: BlackRock as of 09/30/22, 1100 deals reviewed and 66 deals completed in 2022.

Say hello to your dedicated and experienced team

Our seasoned senior team has ~28 years of industry experience and ~17 years of working together. We believe our deep skillset honed over multiple market cycles is put to work everyday as we seek to identify unique opportunities and apply creative structuring for potentially better investment outcomes.

Source: BlackRock as of 9/30/2022