Pantheon backs BlackRock BDC’s credit CV
The new vehicle will house over $500m of debt positions held by TCPC, with pricing coming in at 95% of gross fair value as of 31 December 2025.
The new vehicle will house over $500m of debt positions held by TCPC, with pricing coming in at 95% of gross fair value as of 31 December 2025.
BELLINGS Intelligence Score: 22
Why it matters
The creation of a new vehicle by Pantheon to house over $500 million of BlackRock BDC’s debt positions is a notable market activity reflecting portfolio management and secondary market structuring, but it is routine within private credit fund operations and unlikely to alter broader market dynamics.