BlackRock Private Credit Fund Appoints Tseng as Chair

Effective at close of business on Jan. 31, 2025, Philip Tseng will begin serving as chair of the board of trustees for BlackRock Private Credit Fund, a non-traded business development company that became effective in May 2022. Tseng is currently a managing director of BlackRock Inc. and serves on the board of directors of BlackRock Direct Lending Corp. and BlackRock TCP Capital Corp.; he has been president of both but effective Nov. 6, will resign these presidencies and begin serving as chief executive officer and board chair for both companies.

Prior to joining BlackRock, Tseng was a managing partner at Tennenbaum Capital Partners. TCP managed more than $9 billion in committed capital and was acquired by BlackRock in 2018. In addition to managing the growth and build out of TCP, Tseng was responsible for sourcing, evaluating, structuring, and executing private debt and equity investments.

Prior to TCP, he worked in equity research with Credit Suisse First Boston where he initiated coverage of several public technology and business services companies. Prior to that, Mr. Tseng worked in Credit Suisse First Boston’s Technology Investment Banking group and at Deutsche Banc Alex Brown.

Tseng received his MBA from Harvard Business School and his bachelor’s degree with honors in economics from Harvard College.

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