BlackRock Private Credit Fund CEO Resigns; New Chair & President Named

What Happened
BlackRock Private Credit Fund filed an 8-K on September 4, 2026 announcing that Philip Tseng resigned as Trustee, Chair of the Board, Chief Executive Officer and Co‑Chief Investment Officer of the Company (and of affiliated BDLC and TCPC) effective at the close of business on August 31, 2026. The Board appointed Jason Mehring as Trustee, Chair of the Board and Chief Executive Officer, and appointed Dan Worrell as President, each effective September 2, 2026. Mr. Tseng will remain an employee of BlackRock, Inc. through October 1, 2026 to assist with the transition.

Key Details

• Resignation: Philip Tseng resigned as Trustee, Board Chair, CEO and Co‑CIO for the Company (and BDLC, TCPC) effective Aug 31, 2026; not due to any disagreement.
• New appointments (effective Sept 2, 2026): Jason Mehring — Trustee, Chair of the Board, CEO; Dan Worrell — President. Mehring had served as the Company’s President from Nov 6, 2024 to Sept 2, 2026.
• Officers of the Company as of 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 ceased to be a voting member effective Aug 31, 2026; Jason Mehring, Dan Worrell, Vikas Keswani, Michael Fenstermacher and Grishma Parekh remain voting members.

Why It Matters
Management and Board leadership changed quickly and internally—Jason Mehring and Dan Worrell are longtime BlackRock executives who move into Chair/CEO and President roles, respectively—so investors should note continuity in the adviser and investment team. The filing does not indicate any disagreements or other issues; it documents a personnel transition and corresponding updates to officer and Investment Committee memberships that govern the fund’s portfolio decision process.