1 insider bought €23.4M of shares over the last 90 days, the latest by Qatar Investment Authority, filed 11 Aug 2026.
West Bay BDC LLC belongs to the Finance & Banking sector. Filings by its managers are published through SEC (Form 4). Over the twelve months to 22 October 2026, 9 filings were filed, from 2 insiders.
The flow runs one way only: 1 insider bought (4 purchases totalling €124.3M) and nobody sold on the market. Buying on the open market means paying the going price with one's own funds, a different act from receiving shares as pay. At €39.1M, the purchase published on 17 March 2026 by Qatar Investment Authority is the largest of the period. The buyers include 1 major shareholder.
Compared with its exchange (5,462 companies, median 28 filings), a count of 9 filings is below the norm. Since 2024, the database holds 11 purchases and no sales by insiders of the company. In its latest annual report filed with the SEC (10-K, fiscal year ended 31 December 2025), the company reported net income of 5.5 m USD.
The clock since the last published purchase (11 August 2026) now reads 76 days. Between a trade and the moment it shows up on SEC (Form 4), the median delay is 4 days. For comparison, the SEC allows two business days to file a Form 4.
For comparison within the same sector, see the insider buying recorded at Dynex Capital Inc and First Guaranty Bancshares, Inc. Source: insider filings from SEC (Form 4). Past trades are no guide to future returns.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
FY ended December 2021 · cache
16 of 16 declarations
West Bay BDC LLC is a U.S.-based specialty finance company formed in Delaware on February 26, 2024, and headquartered at 200 West Street, New York, NY 10282. The company was created with the intention of electing to be regulated as a Business Development Company (BDC) under the Investment Company Act of 1940. For investors, that means West Bay BDC should be viewed as a private credit / middle-market lending vehicle rather than a traditional commercial bank or an operating industrial business. Its SEC filings indicate that it was launched with the goal of providing the market with current information while conducting a private offering of its securities. ([sec.gov](https://www.sec.gov/Archives/edgar/data/2020354/000119312524200806/d789251d1012ga.htm?utm_source=openai))
Operationally, West Bay BDC is focused on credit investing and financing solutions for middle-market businesses. The SEC materials available already show a portfolio built around debt investments and operating-company exposures, which is consistent with the BDC model: recurring income generation, structured lending, underwriting discipline, and active portfolio risk management. A notable strategic point is that Goldman Sachs Asset Management, L.P. is identified as the investment adviser, which can provide institutional sourcing, underwriting resources, and brand credibility for a relatively new platform. ([sec.gov](https://www.sec.gov/Archives/edgar/data/2020354/000119312524200806/d789251d1012ga.htm?utm_source=openai))
From a competitive standpoint, West Bay BDC participates in a crowded but attractive private credit market where success depends on origination strength, sponsor quality, credit selection, and consistency of underwriting. Its association with the Goldman Sachs ecosystem may be a meaningful competitive advantage, especially in sourcing and structuring transactions. At the same time, the company remains early in its life cycle, so investors should treat its track record as limited and focus on portfolio buildout, diversification, leverage discipline, and realized credit performance as the key indicators of execution quality. ([sec.gov](https://www.sec.gov/Archives/edgar/data/2020354/000119312524200806/d789251d1012ga.htm?utm_source=openai))
West Bay BDC is linked to the U.S. public-market disclosure regime, and its SEC reporting includes insider ownership activity on Form 4. Recent SEC-filed corporate events include the July 2025 resignation of Alex Chi from his roles as co-CEO and co-president, as well as subsequent board resignations announced later in 2025. For investors, these filings matter because governance changes can signal organizational evolution, strategic realignment, or simple board refreshment within a young public company structure. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1736027/000089534525000316/xslF345X05/form4.xml?utm_source=openai))
In summary, West Bay BDC LLC is an emerging U.S. BDC platform anchored in New York and designed to operate in private credit. The core investment case depends less on a long operating history and more on the quality of management, adviser support, and the speed with which the portfolio scales in a disciplined way. ([sec.gov](https://www.sec.gov/Archives/edgar/data/2020354/000119312524200806/d789251d1012ga.htm?utm_source=openai))
Purchases our model currently ranks for the recommendations list.
All recommendations| Fiscal year end | Revenue | Net income | Diluted EPS | Filing |
|---|---|---|---|---|
| Dec 2025 | n.d. | 5.5 m USD | 0.97 USD | 10-K |
Amounts in USD, as filed (forms 10-K, 20-F or 40-F). Source: SEC EDGAR.