West Bay BDC LLC

West Bay BDC LLC is a Delaware limited liability company formed on February 26, 2024, that has elected to be regulated as a business development company (BDC) under the Investment Company Act of 1940, with Goldman Sachs Asset Management, L.P. (GSAM) serving as its investment adviser. The company's principal business office is located at 200 West Street, New York, New York 10282 — Goldman Sachs's global headquarters — reflecting the organizational connection between West Bay BDC and the Goldman Sachs financial services platform that provides investment advisory and operational infrastructure for the fund. West Bay BDC was formed to provide institutional investors with access to private credit and direct lending investment strategies through a BDC structure that combines the governance framework of the Investment Company Act with the ability to invest in non-public credit instruments and privately negotiated loans.<br><br>The company focuses on generating current income and long-term capital appreciation primarily through direct originations of secured debt, including first lien loans, unitranche loans, and last-out portions of first lien facilities, second lien debt, unsecured debt including mezzanine instruments, and select equity co-investments in connection with its lending activities. Goldman Sachs Asset Management is one of the world's largest alternative investment managers, with significant scale in private credit, direct lending, real estate, infrastructure, and hedge funds that provides West Bay BDC with access to GSAM's deal origination networks, due diligence capabilities, portfolio management expertise, and credit risk infrastructure — advantages that are particularly important in the competitive middle-market direct lending market where deal sourcing relationships and credit underwriting quality are primary differentiators.<br><br>West Bay BDC LLC has filed various forms with the Securities and Exchange Commission — including Form 10-12G registration amendments, Form N-54A (notification of election to be treated as a business development company), and Form 40-17G (fidelity bond filing) — establishing its regulatory status as a registered BDC under both the Securities Exchange Act of 1934 and the Investment Company Act of 1940. As a Goldman Sachs-managed BDC in the direct lending segment, West Bay BDC participates in the substantial and growing market for non-bank private credit that has expanded significantly since the global financial crisis as regulatory capital constraints reduced bank appetite for middle-market leveraged lending, creating structural demand for BDCs and other private credit vehicles to fill the resulting financing gap.