Business
BlackRock TCP Capital Corp. Announces Appointment of Karen L. Leets as Independent Director
SANTA MONICA, Calif.--(BUSINESS WIRE)-- BlackRock TCP Capital Corp. (“we,” “us,” “our,” “TCPC” or the “Company”), a business development company (NASDAQ:
About this update from Blackrock Tcp Capital Corp.
[{"type":"text","content":" SANTA MONICA, Calif.--(BUSINESS WIRE)--\nBlackRock TCP Capital Corp. (“we,” “us,” “our,” “TCPC” or the “Company”), a business development company (NASDAQ: TCPC), today announced that the Board of Directors (the “Board”) of the Company has appointed Karen L. Leets as an independent director effective October 27, 2022. Ms. Leets has been appointed to serve on the Audit Committee and Governance and Compensation Committees of the Board. TCPC’s diverse Board now includes seven members, including six independent directors.\n\nMs. Leets is Senior Vice President and Treasurer of Baxter International, Inc., a multinational healthcare company, and holds a CPA license in Illinois. She brings significant global public company financial expertise to the Board, with experience on senior management teams responsible for corporate strategies, financial reporting, and enterprise risk management. In all, she has 20 years of corporate governance and board experience. This includes five years on the Board of Lutheran Social Services of Illinois, where she served as executive board vice chairman and audit committee chair.\n\n“Karen brings a distinguished background and wealth of knowledge that will further strengthen our board on behalf of shareholders,” said Rajneesh Vig, BlackRock TCP Capital Corp. Chairman and CEO. “We are fortunate to have a strong and diverse Board composed of talented leaders who ensure robust governance and an enduring focus on prudent long-term growth and returns.”\n\nMs. Leets earned a Bachelor of Science degree in accounting and an MBA from Indiana State University’s Scott School of Business.\n\nABOUT BLACKROCK TCP CAPITAL CORP.\n\nBlackRock TCP Capital Corp. (NASDAQ: TCPC) is a specialty finance company focused on direct lending to middle-market companies as well as small businesses. TCPC lends primarily to companies with established market positions, strong regional or national operations, differentiated products and services and sustainable competitive advantages, investing across industries in which it has significant knowledge and expertise. TCPC’s investment objective is to achieve high total returns through current income and capital appreciation, with an emphasis on principal protection. TCPC is a publicly-traded business development company, or BDC, regulated under the Investment Company Act of 1940 and is extern...