BlackRock Capital Investment Corporation provides middle-market companies with flexible financing solutions across the capital structure, but with a focus on senior secured debt with an emphasis on first lien loans. The company operates as a single business segment. It was the largest decline between quarters since September 2011. Jeffrey A. Holmstrand (#4893) GROVE, HOLMSTRAND & DELK, PLLC 44 . [32], By June 30, 2015, BlackRock had US$4.721 trillion of assets under management. USD-Equity-As at 14.03.21 05:12:27 - All data delayed at least 15 minutes . View the latest BlackRock Capital Investment Corp. (BKCC) stock price, news, historical charts, analyst ratings and financial information from WSJ. BlackRock offers a range of solutions for institutions, financial professional and individuals across the U.S.. From shop assistants in your local stores to national organizations and non-profits, BlackRock has helped people take control of their financial security for over three decades. [14] BlackRock grew both organically and by acquisition. KEY RATING DRIVERS. BlackRock Capital Investment Corporation has capital resources of approximately $0.8 billion. The Blackstone Group was founded in 1985 by Peter G. Peterson and Stephen A. Schwarzman with $400,000 in seed capital. to analyze, unwind, and price) that were owned by Bear Stearns, AIG, Inc., Freddie Mac, Morgan Stanley, and other financial firms that were affected in the 2008 financial crisis. The two founders had previously worked together at Lehman Brothers. [40], Between October and December 2018, BlackRock's assets dropped by US$468bn and fell below $6tn. The fund focuses on companies with revenues ranging from $50 million to $1 billion, strong management teams, defensible market positions and positive cash flows. Risk management is the foundation and cornerstone of the firm's entire platform. Mr. Fink co-founded BlackRock in 1988, and under his leadership, the firm has grown into a global leader in investment management, risk management and advisory services for institutional and retail clients. By mid-2014, those assets had grown to $4.77 trillion. [15] The unit had traded mortgages and other fixed-income assets, and during the sales process the unit changed its name from Blackstone Financial Management to BlackRock Financial Management. The fund invests in all industries. This makes BlackRock the first global asset manager to get consent from China to start operations. ", "The new normal: Exxon shareholders vote in favour of climate action", "Exxon shareholders approve climate impact report in win for activists", "BlackRock Is Sick of Excuses for Corporate Boards Lacking Women", "BlackRock to offer new funds that exclude stocks of gun makers and retailers including Walmart", "BlackRock unveils line of gun-free investment products", "BlackRock unveils gun-free investment options", "New Research Reveals the Banks and Investors Financing the Expansion of the Global Coal Plant Fleet", "New report confirms BlackRock's big fossil fuel problem", "New Campaign Is Calling Out BlackRock's Big Climate Problem", "BlackRock Targeted as Largest Driver of Climate Destruction in New Campaign", "BlackRock's Big Problem | Making the climate crisis worse", "BlackRock's Paris Office Barricaded by Climate Activists", "How Big Fund Families Voted on Climate Change: 2020 Edition", "Hidden power of the Big Three? '[99] The authors note that this price increase does not necessarily imply conscious collusion among the common owners, but could perhaps be that these firms are now 'too lazy to compete' with themselves. [5] BlackRock operates globally with 70 offices in 30 countries and clients in 100 countries. Since 1999, we've been a leading provider of financial technology, and our clients turn to us for the solutions they need when planning for their most important goals. At the end of 2013 it had $4.57 trillion in assets under management. BlackRock Capital Investment pays out 67.80% of its earnings out as a dividend. Experienced Investors, Differentiated Resources. Some experts believe that BlackRock controls more assets than any of the other Big Four firms. "[114] The Report called for structural reforms and better regulation of the financial markets, American multinational investment management corporation, Blackrock and ESG objectives into EU banking rules. [78], After discussions with firearms manufacturers and distributors, on April 5, 2018, BlackRock introduced two new exchange-traded funds (ETFs) that exclude stocks of gun makers and large gun retailers, Walmart, Dick’s Sporting Goods, Kroger, Sturm Ruger, American Outdoor Brands Corporation, and Vista Outdoor, and removing the stocks from their seven existing environmental, social and corporate governance (ESG) funds, in order “to provide more choice for clients seeking to exclude firearms companies from their portfolios.”[79][80][81], Despite BlackRock's attempts to model itself as a sustainable investor, one report shows that BlackRock is the world’s largest investor in coal plant developers, holding shares worth $11 billion among 56 coal plant developers. Blackrock Capital Investment Corporation Active 2005 4 Managing Director Blackrock Holdco 2, Inc. Inactive 1 Vice-President Excel Connections for Ryan Carroll. BlackRock is an investment company that offers its services to institutions, intermediaries, foundations, and individual investors. BKCC's next quarterly dividend payment will be made to shareholders of record on Wednesday, April 7. [45] BlackRock disclosed plans to sell US$500 million in coal investments. BFM Holdco, LLC, BLK (Gallatin) Holdings, LLC, BR Acquisition Mexico S.A. de C.V., Cachematrix Holdings, LLC, eFront Ltd, Global Energy & Power Infrastructure AdvisorsLLC, Grosvenor Ventures Limited, HLX Financial Holdings, LLC, Mercury Carry Company Ltd., MGPA Limited, Object Capital Technology, Inc., Phoenix Acquisition B.V., Portfolio Administration & Management Ltd., SVOF/MM, LLC, Tennenbaum Capital Partners, LLC, Tlali Acero, S.A. de C.V., SOFOM ENR, Fixed income, equity, and multi-asset funds holding, Alternative investment management solutions, This page was last edited on 15 March 2021, at 07:31. BlackRock TCP Capital Corp. is an externally-managed specialty finance company focused on middle-market lending. Founded in 1988, initially as a risk management and fixed income institutional asset manager, BlackRock is the world's largest asset manager, with $8.67 trillion in assets under management as of January 2021. The Rating Outlook is Stable. [82] Another report shows that BlackRock owns more oil, gas, and thermal coal reserves than any other investor with total reserves amounting to 9.5 gigatonnes of CO2 emissions – or 30 percent of total energy-related emissions from 2017. Select instrument to view. Nov 4 (Reuters) - BlackRock Capital Investment Corp ::BLACKROCK CAPITAL INVESTMENT CORP - … This is the BlackRock Capital Investment company profile. Our thought leadership in investing, risk management, portfolio construction and trading solutions. That experie… BlackRock said, "Jonathan Burrows left BlackRock earlier this year. What he admitted to the FCA is totally contrary to our values and principles. [22] The Federal Reserve allowed BlackRock to superintend the $130 billion-debt settlement of Bear Stearns and American International Group. [51], For the fiscal year 2017, BlackRock reported earnings of US$4.970 billion, with an annual revenue of US$12.491 billion, an increase of 12.0% over the previous fiscal cycle. Connect with us. BlackRock Capital Investment pays an annual dividend of $0.40 per share, with a dividend yield of 12.05%. BlackRock Capital Investment Corporation is an externally-managed, non-diversified, closed-end management investment company. Fiscal Year … Fink, Kapito, Golub and Novick had worked together at First Boston, where Fink and his team were pioneers in the mortgage-backed securitiesmarket in the United States. BlackRock's largest division is iShares, a family of over 800 exchange-traded funds (ETFs) that comprises more than $1 trillion in assets under management. The Company's investment objective is to generate both current income and capital appreciation through debt and equity investments. March 10, 2021. "[30][31], At the end of 2014, the Sovereign Wealth Fund Institute reported that 65% of Blackrock's assets under management were made up of institutional investors. The founders named their firm "Blackstone", which was a cryptogram derived from the names of the two founders (Schwarzman and Peterson): "Schwarz" is German for "black"; "Peter", or "Petra" in Greek, means "stone" or "rock". Like most BDCs, BlackRock TCP Capital focuses on lending to middle-market businesses. Corporate Finance: Middle Markets / Corporate Finance / Non-Bank Financial Institutions/Global / North America/United States. As of September 30, 2020, the company had investments in 101 different companies, with a total fair value of $1.6 billion. In August 2004, BlackRock made its first major acquisition, buying State Street Research & Management's holding company SSRM Holdings, Inc. from MetLife for $325 million in cash and $50 million in stock. BlackRock Capital Investment Corporation is organized as an externally-managed, non-diversified closed-end management investment company and has elected to be regulated as a Business Development Company (BDC) under the Investment Company Act of 1940. About BlackRock Capital Investment Corporation. BlackRock Capital Investment Corporation provides middle-market companies with flexible financing solutions, including senior and junior secured, unsecured and subordinated debt securities and loans, and equity securities. Our stock is traded on NASDAQ under the ticker symbol “TCPC”. BlackRock (BR) is an international investment company headquartered in New York (USA). BlackRock Capital Investment Corp. (NASDAQ:BKCC) is a medium-sized Business Development Corporation (BDC) offering debt financing and equity capital to medium-sized enterprises in a … It is expected that the Trust may make investments in “junk bonds,” corporate loans and distressed securities that are below investment grade or deemed to be of similar quality. "[26] On 1 April 2011, due to Sanofi's acquisition of Genzyme, BlackRock replaced it on the S&P 500 index. "[46] But BlackRock's support for shareholder resolutions requesting climate risk disclosure fell from 25% in 2019 to 14% in 2020 according to Morningstar Proxy Data.[88]. … BlackRock operates globally with 70 offices in 30 countries and clients in 100 countries. BlackRock financial is the largest investment management company in the world. The Company's investment objective is to generate both current income and capital appreciation through its debt and equity investments. As a global investment manager and fiduciary to our clients, our purpose at BlackRock is to help everyone experience financial well-being. Good morning, and welcome to BlackRock Capital Investment Corporation's third-quarter 2020 earnings conference call. At BlackRock Inc., we promise to treat your data with respect and will not share your information with any third party. Yz . [89][90][91] For example, see the percentage of shares held by BlackRock in: Apple (NasdaqGS: 6.34%)[92] and Microsoft (NasdaqGS: 6.77%),[93] Wells Fargo & Co (NYSE: 4.30%)[94] and JPMorgan Chase & Co (NYSE: 4.41%). BlackRock is one of the world's largest investment management companies by AUM. [28] In May of the same year, BlackRock invested in Snapdeal. BlackRock Capital Investment pays an annual dividend of $0.40 per share and currently has a dividend yield of 11.94%. Stock analysis for BlackRock Capital Investment Corp (BKCC:NASDAQ GS) including stock price, stock chart, company news, key statistics, fundamentals and company profile. BlackRock Capital Investment Corporation. 1 asset manager worldwide. In his 2018 annual letter to shareholders, BlackRock CEO Laurence D. Fink stated that other CEOs should be aware of their impact on society. [52] As of 2018, BlackRock ranked 237 on the Fortune 500 list of the largest United States corporations by revenue.[53]. In May 2018, anti-war organizations held a demonstration[106] outside the annual BlackRock shareholder’s meeting in Manhattan, New York. Due to its power, and the sheer size and scope of its financial assets and activities, BlackRock has been called the world's largest shadow bank. Fitch Affirms BlackRock Capital Investment Corp's Ratings at 'BB-'; Outlook Stable. [39] In April 2017, BlackRock backed the inclusion of mainland Chinese shares in MSCI's global index for the first time. Key Rating Drivers BlackRock Affiliation Beneficial: Fitch Ratings believes that BlackRock Capital Investment Corporation’s (BKCC) affiliation with BlackRock, Inc. enhances the business development company’s (BDC) access to investment resources, deal flow and funding. Second, BlackRock Solutions (BRS) and the three primary divisions are services that offered to institutional clients. BlackRock Capital Investment Corp BlackRock Capital Investment Corporation provides financial solutions. One Rock's investment process combines the disciplines of investing and operational improvement. STREET CAPITAL ADVISORS, LLC . BlackRock Capital Investment Corporation is an externally-managed, non-diversified, closed-end management investment company. A Bill to Congress aiming to restrain BlackRock and other so-called shadow banks USA ) its holdings partnerships with middle-market. Investment tools according to Vanity Fair, the platform had nearly 2,000 employees management from $ billion. 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