BlackRock Direct Lending Corp. CEO Resigns; New CEO Appointed

What Happened
BlackRock Direct Lending Corp. filed an 8-K (Item 5.02 and 8.01) reporting that Philip Tseng resigned as Director, Board Chair, Chief Executive Officer and Co‑Chief Investment Officer of the Company (and similar roles at BDEBT and TCPC) effective August 31, 2026, to pursue other business opportunities; his resignation was not due to any disagreement. The Board appointed Jason Mehring as Director, Board Chair and Chief Executive Officer effective September 2, 2026. Dan Worrell was appointed President of the Company (moving from Co‑CIO) effective September 2, 2026.

Key Details

• Philip Tseng resigned effective close of business August 31, 2026; he will remain an employee of BlackRock, Inc. through October 1, 2026 to assist the transition.
• Jason Mehring appointed Director, Board Chair and CEO effective September 2, 2026; he previously served as President of the Company, BDEBT and TCPC from Nov 6, 2024 to Sept 2, 2026 and has >30 years’ middle‑market investing experience.
• Dan Worrell named President effective September 2, 2026; previously Co‑Chief Investment Officer (Nov 6, 2024–Sept 2, 2026).
• Officers effective Sept 2, 2026: Jason Mehring (Chair & CEO); Dan Worrell (President); Patrick Wolfe (COO); Erik L. Cuellar (CFO & Treasurer); Charles C. S. Park (Chief Compliance Officer); Diana Huffman (General Counsel & Secretary).
• Investment Committee change: Philip Tseng is no longer a voting member as of Aug 31, 2026; voting members now include Jason Mehring, Dan Worrell, Vikas Keswani, Michael Fenstermacher and Grishma Parekh.

Why It Matters
Leadership changes — especially CEO and Board Chair transitions — can affect strategy, operations, and investor confidence. This filing documents an orderly, Board‑approved leadership handover with internal successors from BlackRock’s Private Financing Solutions team (no reported disagreements). Investors should note the continuity in the investment committee membership and that the new CEO and President are long‑time BlackRock senior investment professionals familiar with the firm's U.S. core middle‑market direct lending strategy.