BLACKROCK PRIVATE DEBT FUND DROPS 17% ON LOAN WRITEDOWNS BlackRock’s TCP Capital fund plunged 16.7% after announcing writedowns on troubled investments, cutting its year-end NAV by 19% and waiving one-third of management fees. Losses were driven by e-commerce aggregators and bankrupt Renovo Home Partners, with six holdings accounting for two-thirds of the decline. Analysts warn the drop could reignite concerns in the private credit sector.(*Walter Bloomberg)