BlackRock private-credit funds disclose leadership succession

BlackRock Private Credit Fund disclosed that Philip Tseng resigned as trustee or director, chair, CEO and co-chief investment officer of BDEBT, BlackRock Direct Lending Corp. and BlackRock TCP Capital Corp., effective August 31, 2026. Jason Mehring became chair and CEO of the three vehicles on September 2, and Dan Worrell became president. The filing stated that Tseng would remain a BlackRock employee through October 1 to support the transition.