BlackRock TCP Capital Corp. was incorporated in Delaware on April 2, 2012. It is an externally managed, closed-end, non-diversified investment company that has been selected to be regulated as a Business Development Corporation (BDC) under the Investment Company Act of 1940. The company's investment goal is to achieve high total income through current income and capital appreciation, focusing on principal protection. The company invests primarily in debt securities of mid-market companies, defined as companies with an enterprise value between $100 million and $1.5 billion. The investment business is conducted through a wholly-owned subsidiary, and the investment of the company is managed by the advisor Tennenbaum Capital Partners, LLC.