Blackrock Tcp Capital Corp. · NASDAQ:TCPC

Blackrock Tcp Capital — TCP Capital — Merger or Acquisition (April 2018)

10 slides from Blackrock Tcp Capital's merger presentation, Apr 17, 2018

  1. Slide 1: Investor Presentation April 17, 2018

    Investor Presentation April 17, 2018 © 2018 Tennenbaum Capital Partners, LLC. All Rights Reserved.

  2. Slide 2: Forward Looking Statements

    Forward Looking Statements Prospective investors considering an investment in TCP Capital Corp. should consider the investment objectives, risks and expenses of the Company carefully before investing. This information and other information about the Company are available in the Company's filings wit

  3. Slide 3: Transaction Overview – BlackRock to Acquire Tennenbaum Capital Partners

    Transaction Overview – BlackRock to Acquire Tennenbaum Capital Partners Management of TCP Capital Corp. to Continue with Same Team, Greater Resources • On April 17, 2018, Tennenbaum Capital Partners, LLC (“TCP”), adviser to TCP Capital Corp. (“TCPC”), and BlackRock, Inc. (“BlackRock”) announced that

  4. Slide 4: Transaction Overview – Proven Tennenbaum Platform Enhanced by BlackRock's Scale, Resources and Geographic Reach

    Transaction Overview – Proven Tennenbaum Platform Enhanced by BlackRock’s Scale, Resources and Geographic Reach Tennenbaum ▪ Two decades of experience delivering consistent returns across multiple market cycles driven by industry-leading team(1) ▪ ~$9 billion committed capital under management and ~

  5. Slide 5: Key Highlights – TCP Capital Corp.

    Key Highlights – TCP Capital Corp. As of December 31, 2017 ▪ To achieve high total returns through current income and capital appreciation, with an Investment Objective emphasis on principal protection Well Covered and ▪ Dividend covered in all 23 quarters since inception(1) Stable Dividend ▪ $1.5 b

  6. Slide 6: TCPC: A Strong Track Record

    TCPC: A Strong Track Record Book Value per Share and Dividends Paid $24.00 $23.28 $23.04 $22.80 $23.00 $22.32 $21.95 $22.00 $21.52 $21.06 $21.00 $20.62 $20.34 $20.38 $19.98 $20.00 $19.55 $19.18 $19.17 $19.00 $18.70 $8.48 $7.76 $8.12 $18.30 $7.40 $7.04 $17.80 $6.68 $18.00 $6.32 $17.27 $5.24 $5.60 $5.

  7. Slide 7: The BlackRock Platform

    The BlackRock Platform ▪ World’s largest asset manager with $6.3 trillion of AUM as of Q1 2018 Global Presence ▪ Operates in more than 30 countries and 70 cities globally with Local Reach ▪ Clients in over 100 countries ▪ $80+ billion of credit assets under management globally, as of 12/31/2017 ▪ A

  8. Slide 8: Benefits for TCPC Shareholders – Enhancing Value in a Competitive Environment

    Benefits for TCPC Shareholders – Enhancing Value in a Competitive Environment • TCP pioneered alternative investment strategies that have moved into mainstream focus for global investors. Coupling TCP’s longstanding experience in private credit origination and underwriting with BlackRock’s credit ex

  9. Slide 9: Continuity for TCPC Investors

    Continuity for TCPC Investors ▪ The team that manages TCPC will remain in place Team ▪ TCP’s successful senior management team is expected to assume senior roles in the combined credit team at BlackRock ▪ Strategy will remain the same – will continue to execute the investment strategy that has prove

  10. Slide 10: Conclusion: Tennenbaum-BLK Combination Enhances Ability to Create Value for TCPC Shareholders

    Conclusion: Tennenbaum-BLK Combination Enhances Ability to Create Value for TCPC Shareholders

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