West Bay BDC — Qatar Investment Authority (10% Owner) Buys $27M

What Happened
Qatar Investment Authority (QIA), disclosed as a 10% owner, acquired 1,541,914.372 units of West Bay BDC LLC in a purchase transaction (code P) on August 6, 2026. The Form 4 reports a per-unit price of $17.51 for an aggregate purchase of $27,000,000. A footnote clarifies the direct purchaser is West Bay Holding LLC and that the exact price per unit was later confirmed by the issuer as $17.5107 on August 7, 2026.

Key Details

• Transaction date: August 6, 2026 (purchase, code P). Form 4 filed August 11, 2026.
• Reported price: $17.51 per unit on the Form 4; issuer later confirmed $17.5107/unit (see footnote).
• Shares/units acquired: 1,541,914.372 units for $27,000,000 aggregate.
• Direct holder: West Bay Holding LLC (per footnote); Qatar Investment Authority is the ultimate parent.
• Shares owned after transaction: not disclosed on this Form 4.
• Filing timeliness: Form lists transaction date Aug 6 and filing date Aug 11 — check filing for any lateness designation (not specified here).

Context
This was a purchase by a 10% institutional owner (via its direct holding company), not an executive/board member. Institutional purchases can indicate strategic or portfolio-level decisions rather than personal insider sentiment. Footnote F1 indicates the units were purchased at an aggregate dollar amount with the per-unit price determined subsequently; F2 clarifies the corporate ownership chain (West Bay Holding LLC is the direct holder; QIA is the ultimate parent).