Private company

West Bay BDC LLC

In its 2026 annual report the company says: “We are a specialty finance company that is a non-diversified, closed-end management investment company that has elected to be regulated as a BDC under the Investment Company Act of 1940, as amended. Our investment objective is to generate current income and, to a lesser extent, long-term capital appreciation.”4 It is headquartered in New York, United States.2

Last updated Oct 20, 2026.

Overview

  • HeadquartersNew York, United States2
  • Incorporated inDE3
  • Business address200 West Street, New York, Ny 102823
  • Filer category, Emerging growth company3
  • Legal formLimited Liability Company2
  • LEI984500D56B0397654C232
  • StatusActive2
  • LEI statusIssued and current2
  • Registered address251 Little Falls Drive, 19808 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 31659432

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We are a specialty finance company that is a non-diversified, closed-end management investment company that has elected to be regulated as a BDC under the Investment Company Act of 1940, as amended (the “Investment Company Act”). In addition, we have elected to be treated as a RIC, and we expect to qualify annually for tax treatment as a RIC, commencing with our taxable year ended December 31, 2024. From our inception on May 1, 2024 through December 31, 2025, we originated approximately $616.0 million in aggregate principal amount of debt investments prior to any subsequent exits and repayments.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Fiscal year202420252026
Operating expenses$10.8M5
Net income$5.5M5
Earnings per share$0.975
Earnings per share (diluted)$0.975
Shares (weighted, basic)5.7M shares5
Shares (weighted, diluted)5.7M shares5

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Corporate structure

West Bay BDC LLC sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of West Bay BDC LLC

  • West Bay BDC LLC New York, New York, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What West Bay BDC LLC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Properties, in its own words

We maintain our principal executive office at 200 West Street, New York, New York 10282. We do not own any real estate.

Item 2 of the 10-K filed Mar 3, 2026.4

Leadership

Who has led West Bay BDC LLC, and when. Pick a name to see everywhere that person has worked.

Chief operating officer

  1. Tucker Greene2024
2025
Board members and other officers (14)

Timeline

  1. Sep 2, 20268-K Entered a material agreement; New debt or obligation23
  2. Aug 6, 20268-K Executive or director change24
  3. Jul 28, 20268-K Unregistered sale of shares25
  4. Jun 8, 20268-K Unregistered sale of shares26
  5. Mar 3, 20268-K Regulation FD disclosure27
  6. Feb 24, 20268-K Unregistered sale of shares28
  7. Feb 3, 20268-K Entered a material agreement; New debt or obligation29
  8. Dec 10, 20258-K Unregistered sale of shares30
  9. Nov 19, 20258-K Unregistered sale of shares31
  10. Nov 3, 20258-K Executive or director change32
  11. Sep 10, 20258-K Unregistered sale of shares33
  12. Jul 21, 20258-K Executive or director change34
  13. Feb 26, 2024Founded West Bay BDC LLC is founded2

Filings

82 filings to the SEC since October 2021: 2 annual reports, 6 quarterly reports, 16 major events, 40 insider forms, 9 large holders, 9 other. The latest 20:

  1. Sep 2, 20268-K EDGAR
  2. Aug 11, 202610-Q EDGAR
  3. Aug 11, 20264 EDGAR
  4. Aug 10, 20264 EDGAR
  5. Aug 6, 20268-K EDGAR
  6. Jul 29, 2026SCHEDULE 13D/A EDGAR
  7. Jul 28, 20268-K EDGAR
  8. Jun 29, 20264 EDGAR
  9. Jun 29, 20264 EDGAR
  10. Jun 8, 20268-K EDGAR
  11. Jun 8, 2026SCHEDULE 13D/A EDGAR
  12. May 12, 202610-Q EDGAR
  13. Mar 17, 20264 EDGAR
  14. Mar 16, 20264 EDGAR
  15. Mar 3, 20268-K EDGAR
  16. Mar 3, 202610-K EDGAR
  17. Feb 25, 2026SCHEDULE 13D/A EDGAR
  18. Feb 24, 20268-K EDGAR
  19. Feb 3, 20268-K EDGAR
  20. Jan 13, 202640-17G EDGAR

The 82 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

12 open-market trades by officers, directors and large owners since October 2021: 12 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 6, 2026Qatar Investment Authority10% ownerBuy1,541,914$17.51$27.0MForm 4
Jun 25, 2026Qatar Investment Authority10% ownerBuy2,061,254$17.47$36.0MForm 4
Mar 13, 2026Qatar Investment Authority10% ownerBuy2,577,320$17.46$45.0MForm 4
Dec 23, 2025Qatar Investment Authority10% ownerBuy1,541,026$17.52$27.0MForm 4
Nov 26, 2025Qatar Investment Authority10% ownerBuy2,582,778$17.42$45.0MForm 4
Sep 22, 2025Qatar Investment Authority10% ownerBuy2,580,527$17.44$45.0MForm 4
Sep 22, 2025GSAM Holdings LLCBuy77,416$17.44$1.4MForm 4
Mar 26, 2025Qatar Investment Authority10% ownerBuy1,298,716$17.32$22.5MForm 4
Mar 26, 2025GSAM Holdings LLCBuy38,961$17.32$674.8KForm 4
Dec 4, 2024Qatar Investment Authority10% ownerBuy2,584,914$17.41$45.0MForm 4
Nov 20, 2024GSAM Holdings LLCBuy77,547$17.41$1.4MForm 4
Nov 20, 2024GSAM Holdings LLCBuy0Form 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How West Bay BDC LLC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARWest Bay BDC LLC1
  • CIK0002020354
  • Employer ID (EIN)99-16575254
  • Filer statusNon-accelerated filer an emerging growth company; not a smaller reporting company; not a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsDecember 311
  • Business address200 West Street, New York, NY 102821
  • Phone312-655-44191
  • Shares outstanding18,198,989 as of Aug 11, 20267
  • Public float$0 as of Jun 30, 20255
  • AuditorPricewaterhouseCoopers LLP, Boston, Massachusetts PCAOB ID 238; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceMay 29, 20241
  • Filings86 in all: 3 (20), 4 (19), 8-K (16), SCHEDULE 13D/A (7), 10-Q (6), 40-APP/A (4), 10-12G/A (3), 40-17G (3)1
    All 15 form types

    10-K (2), 10-12G (1), 4/A (1), 40-17F2 (1), N-54A (1), SC 13D (1), SC 13D/A (1)

  • Latest filingsAnnual report (10-K) Mar 3, 2026
    Quarterly report (10-Q) Aug 11, 2026
    Latest 8-K (8-K) Sep 2, 2026

Risk factors and legal proceedings

The risks West Bay BDC LLC names in Item 1A of its 10-K filed Mar 3, 2026: 73 risks under these headings, as written.4

  • Risks Relating to Market Developments and General Business Environment
  • The capital markets may experience periods of disruption and instability. Such market conditions may have materially and adversely affected debt and equity capital markets, which may have a negative impact on our business and operations.
  • Political, social and economic uncertainties may create and exacerbate risks.
  • Risks Relating to Legal and Regulatory Matters
  • Our operation as a BDC imposes numerous constraints on us and significantly reduces our operating flexibility. In addition, if we fail to maintain our status as a BDC, we might be regulated as a registered closed-end investment company, which would subject us to additional regulatory restrictions.
  • We will be subject to U.S. federal income tax at corporate rates (and any applicable U.S. state and local taxes) on all of our income if we are unable to qualify and maintain our qualification for tax treatment as a RIC, which would have a material adverse effect on our financial performance.
  • Regulations governing our operations as a BDC affect our ability to, and the way in which we, raise additional capital. These constraints may hinder our Investment Adviser’s ability to take advantage of attractive investment opportunities and to achieve our investment objective.
  • We incur significant costs as a result of being subject to the reporting requirements under the Exchange Act.
  • Efforts to comply with Section 404 of the Sarbanes-Oxley Act involve significant expenditures, and noncompliance with Section 404 of the Sarbanes-Oxley Act may adversely affect us.
  • Changes in laws or regulations governing our operations or the operations of our portfolio companies, changes in the interpretation thereof or newly enacted laws or regulations, or any failure by us or our portfolio companies to comply with these laws or regulations, could require changes to certain of our or our portfolio companies’ business practices, negatively impact our or our portfolio companies’ operations, cash flows or financial condition, impose additional costs on us or our portfolio companies or otherwise adversely affect our business or the business of our portfolio companies.
  • We cannot predict how new tax legislation will affect us, our investments, or our Unitholders, and any such legislation could adversely affect our business.
  • Our ability to enter into transactions with our affiliates is restricted.
The other 63 risks
  • Our activities may be limited as a result of potentially being deemed to be controlled by GS Group Inc., a bank holding company.
  • CFTC rules may have a negative impact on us and our Investment Adviser.
  • Our ability to enter into transactions involving derivatives and financial commitment transactions may be limited.
  • Certain investors are limited in their ability to make significant investments in us.
  • We are subject to risks related to being an “emerging growth company.”
  • Risks Relating to Competition
  • We depend upon management personnel of our Investment Adviser for our future success.
  • We operate in a highly competitive market for investment opportunities.
  • Risks Relating to Our Operations
  • We are dependent on information systems, and systems failures or cybersecurity incidents, as well as operating failures, could significantly disrupt our business, which may, in turn, negatively affect our liquidity, financial condition or results of operations.
  • Cybersecurity risks and cyber incidents may adversely affect our business or the business of our portfolio companies by causing a disruption to our operations or the operations of our portfolio companies, a compromise or corruption of our confidential information or the confidential information of our portfolio companies and/or damage to our business relationships or the business relationships of our portfolio companies, all of which could negatively impact the business, financial condition and operating results of us or our portfolio companies.
  • We are subject to risks associated with artificial intelligence and machine learning technology.
  • Risks Relating to Our Business and Structure
  • We are a new company and have a limited operating history.
  • Our Investment Adviser, its principals, investment professionals and employees and the members of its Private Credit Investment Committee may have certain conflicts of interest.
  • Subject to applicable law, we may invest alongside Goldman Sachs and other Accounts.
  • Goldman Sachs’ financial and other interests may incentivize our Investment Adviser to favor other Accounts.
  • Our financial condition and results of operations depend on our Investment Adviser’s ability to manage our future growth effectively.
  • Our ability to grow depends on our access to adequate capital.
  • We borrow money, which may magnify the potential for gain or loss and may increase the risk of investing in us.
  • Our Investment Adviser will be paid the Management Fee even if the value of an investment in the Company declines.
  • Potential conflicts of interest with other businesses of Goldman Sachs could impact our investment returns.
  • Subject to the terms of the Investment Management Agreement, our Investment Adviser can resign on 60 days’ notice. We may not be able to find a suitable replacement within that time, resulting in a disruption in our operations that could adversely affect our financial condition, business and results of operations.
  • Our Investment Adviser’s responsibilities and its liability to us are limited under the Investment Management Agreement, which may lead our Investment Adviser to act in a riskier manner on our behalf than it would when acting for its own account.
  • We may experience fluctuations in our quarterly results.
  • Beneficial owners of our equity securities may be subject to certain regulatory requirements based on their ownership percentages.
  • Investors may fail to pay their Undrawn Commitments.
  • We are subject to risks related to corporate social responsibility.
  • The effect of global climate change may impact the operations of our portfolio companies.
  • Risks Relating to Our Investments
  • Our investments are very risky and highly speculative.
  • Unsecured Debt, Including Mezzanine Debt.
  • We have exposure to credit risk and other risks related to credit investments.
  • Changes in inflation may adversely affect the business, results of operations and financial condition of our portfolio companies.
  • We are exposed to risks associated with changes in interest rates.
  • Many of our portfolio securities do not have a readily available market price and we value these securities at fair value as determined in good faith in accordance with the Investment Company Act, which valuation is inherently subjective and may not reflect what we may actually realize for the sale of the investment.
  • The lack of liquidity in our investments may adversely affect our business.
  • Our portfolio may be focused in a limited number of portfolio companies, which will subject us to a risk of significant loss if any of these companies default on their obligations under any of their debt instruments or if there is a downturn in a particular industry.
  • We may not be in a position to exercise control over our portfolio companies or to prevent decisions by management of our portfolio companies that could decrease the value of our investments.
  • We may be subject to risks arising from mezzanine debt investments.
  • We may be subject to risks arising from investing in distressed debt and undervalued debt.
  • We may be subject to risks associated with subordinated debt.
  • We may be subject to risks associated with unsecured debt.
  • We may be subject to risks arising from revolving credit facilities.
  • We may be subject to risks arising from purchases of secondary debt.
  • We may be subject to risks arising from assignments and participations.
  • We may be exposed to risks associated with convertible securities.
  • We may have difficulty sourcing investment opportunities.
  • Our failure or inability to make follow-on investments in our portfolio companies could impair the value of our portfolio.
  • Our portfolio companies may prepay loans, which may reduce stated yields in the future if the capital returned cannot be invested in transactions with equal or greater expected yields.
  • Investments in common and preferred equity securities, many of which are illiquid with no readily available market, involve a substantial degree of risk.
  • By originating loans to companies that are experiencing significant financial or business difficulties, we may be exposed to distressed lending risks.
  • We may be subject to risks related to guarantees of certain investments.
  • We may be exposed to special risks associated with bankruptcy cases.
  • We may be subject to risks related to exit financings.
  • We will have broad discretion over the use of proceeds of the funds we raise from investors and will use proceeds in part to satisfy operating expenses.
  • Declines in market prices and liquidity in the corporate debt markets can result in significant net unrealized depreciation of our portfolio, which in turn would affect our results of operations.
  • Economic recessions or downturns could impair our portfolio companies and harm our operating results.
  • Our portfolio companies may have incurred or issued, or may in the future incur or issue, debt or equity securities that rank equally with, or senior to, our investments in such companies, which could have an adverse effect on us in any liquidation of the portfolio company.
  • Our portfolio companies may be highly leveraged.
  • We may expose ourselves to risks if we engage in hedging transactions.
  • We may invest a significant portion of the net proceeds from offerings of Units in Short-Term Investments, which will generate lower rates of return than those expected from the interest generated on our intended investment program.
  • Risks Relating to The Units
  • The Units are limited in their transferability; we may repurchase or force a sale of a Unitholder’s Units.
  • An investor may be subject to the short-swing profits rules under the Exchange Act as a result of its investment in the Units.
  • Investing in the Units involves an above-average degree of risk.
  • We may not be able to pay investors distributions on Units, our distributions to investors may not grow over time and a portion of our distributions to investors may be a return of capital for U.S. federal income tax purposes.
  • Unitholders may be subject to filing requirements under the Exchange Act as a result of their investment in the Units.

Legal proceedings

We are not currently subject to any material legal proceedings, nor, to our knowledge, is any material legal proceeding threatened against us. From time to time, we may be a party to certain legal proceedings, including proceedings relating to the enforcement of our rights under loans to or other contracts with our portfolio companies. While the outcome of these legal proceedings cannot be predicted with certainty, we do not expect that these proceedings will have a material effect upon our financial condition or results of operations.

The opening of Item 3, Legal Proceedings.4

Sources

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