West Bay BDC LLC Stock: price and directors' dealings · United States · SEC (Form 4)

About West Bay BDC LLC

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))