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Agreement signedPublished 6 Aug 2026

Pantheon Ventures (US) LP /
BlackRock DLF-C 2026, LLC

BlackRock TCP Capital sells most of a continuation vehicle stake

Buy side: Pantheon Ventures (US) LP
Buy sidePantheon Ventures (US) LP
Target: BlackRock DLF-C 2026, LLC
TargetBlackRock DLF-C 2026, LLC
BlackRock TCP Capital Corp. · 6 Aug 2026Source
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Follow Pantheon Ventures LP Follow BlackRock DLF-C 2026, LLC
Buy side: Pantheon Ventures (US) LP
Buy sidePantheon Ventures (US) LP
Target: BlackRock DLF-C 2026, LLC
TargetBlackRock DLF-C 2026, LLC
01 / BuyerPantheon Ventures (US) LP
02 / TargetBlackRock DLF-C 2026, LLC
Source for the buyer and target: BlackRock TCP Capital Corp.

For the buyer and target.

“On August 4, 2026, BlackRock TCP Capital Corp. (the “Company”), through its wholly-owned subsidiary Special Value Continuation Partners LLC, entered into a definitive agreement (the “Transaction Agreement”) providing for the sale of 95% of the limited liability company interests in BlackRock DLF-C 2026, LLC (the “Continuation Vehicle”), to a group of investment funds and accounts managed by Pantheon Ventures (US) LP, and retained a 5% interest (the “Transaction”).”

Published 6 Aug 2026

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01

What happened

BlackRock TCP Capital Corp. sold 95% of the limited liability company interests in BlackRock DLF-C 2026, LLC to investment funds and accounts managed by Pantheon Ventures (US) LP, keeping a 5% stake. The deal brought in roughly $152 million and was aimed at cutting leverage and reshaping the portfolio. [01]

The company said the transfer cut its net leverage sharply and that it has since hired Keefe, Bruyette & Woods to weigh strategic alternatives, including possible combinations or share repurchases. [01]

02

The source

Everything on this page comes from the source below, quoted word for word.

01
Source · BlackRock TCP Capital Corp.

BlackRock TCP Capital sells most of a continuation vehicle stake

This document is the source for the companies, stage, figure and people on this page.

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03

Timeline

Every date the source states, in order, each with the words it comes from. Anything marked ahead is a target the source gives, not something that has happened.

  1. Published by BlackRock TCP Capital Corp.

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This dealPantheon Ventures (US) LP / BlackRock DLF-C 2026, LLCAgreement signed · Published 6 Aug 2026
BuyerPantheon Ventures LPTargetBlackRock DLF-C 2026, LLC
This dealPantheon Ventures (US) LP / BlackRock DLF-C 2026, LLC

Agreement signed · Pantheon Ventures (US) LP and BlackRock DLF-C 2026, LLC: continuation vehicle (Agreement signed, published 6 Aug 2026).

Published 6 Aug 2026
Timeline
  1. Published by BlackRock TCP Capital Corp.
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