The Digester

BlackRock writes off $25 million loan to Amazon aggregator

Mar 5th 2026

BlackRock TCP Capital reported in Q4 filings that a junior loan to Infinite Commerce Holdings was written down to zero after being marked at full value three months earlier, marking a second abrupt loss in the firm’s private credit unit.

  • BlackRock TCP Capital marked a roughly $25 million junior loan to Infinite Commerce Holdings at zero in fourth quarter filings.
  • The same loan was valued at 100 cents on the dollar in the third quarter, three months earlier.
  • Infinite Commerce Holdings is an Amazon aggregator that buys online sellers of products from spa treatments to light bulbs.
  • This is the second sudden wipeout recently reported in BlackRock's private credit division.

Sources

bloomberg.com