---
title: "BlackRock under federal review while advancing $17.5B lending venture"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286917239.md"
description: "BlackRock is under federal review regarding TCP Capital’s asset markdowns related to e-commerce and a significant bankruptcy. Meanwhile, BlackRock’s HPS and Citigroup are set to invest $17.5B in sub-investment-grade debt financing across EMEA. Following the review announcement, TCP Capital shares fell 4.7% and have lost nearly half their value this year."
datetime: "2026-05-19T12:59:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286917239.md)
  - [en](https://longbridge.com/en/news/286917239.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286917239.md)
---

# BlackRock under federal review while advancing $17.5B lending venture

Federal review underway: Authorities are examining TCP Capital’s asset markdowns linked to e-commerce investments and a major bankruptcy. Cross-border lending push: BlackRock’s HPS and Citigroup will commit $17.5B to sub-investment-grade debt financing across EMEA. Investor impact: TCP Capital shares fell 4.7% on the review news and have dropped nearly half their value this year.

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