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BlackRock’s Private Credit Chief on the Way Out | Business and Finance News
Published 2 days, 1 hour ago
Description
BlackRock’s private credit head Phil Tseng is reportedly stepping down amid mounting pressure over the TCP Capital Corp. fund’s steep losses and regulatory scrutiny — a fund that’s seen its value plummet 24% this year and whose shares are down 39% year-to-date, as federal prosecutors probe its valuation methods.
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