Goldman Sachs Private Middle Market Credit II LLC CEO Transition

What Happened

• The company filed an Form 8‑K on August 6, 2026 reporting executive changes under Item 5.02. Co‑Chief Executive Officer David Miller notified the company on August 3, 2026 that he will resign as Co‑CEO and co‑principal executive officer effective December 31, 2026. Mr. Miller will remain in his role during a transition period, will join as chairman of the GSAM Private Credit Direct Lending Team in the Americas effective August 6, 2026, and will become an advisory director to Goldman Sachs effective December 31, 2026. He will continue to serve on the Private Credit Investment Committee. Vivek Bantwal, the other Co‑CEO, will become sole Chief Executive Officer and sole principal executive officer on December 31, 2026.

Key Details

• Filing date: August 6, 2026 (Form 8‑K, Item 5.02).
• David Miller’s resignation effective: December 31, 2026; announced August 3, 2026.
• Justin Betzen appointed co‑President and co‑Chief Operating Officer effective August 3, 2026; Tucker Greene will serve alongside him as co‑President and co‑COO upon Betzen’s appointment.
• Mr. Betzen also appointed co‑President and co‑COO of several affiliated BDCs (Goldman Sachs BDC, Inc.; Silver Capital Holdings LLC; Phillip Street BDC LLC; Goldman Sachs Private Credit Corp.; West Bay BDC LLC). Mr. Betzen’s background: GSAM managing director and senior underwriter in Private Credit Americas; joined Goldman Sachs 2006, rejoined 2013, named MD 2019.
• The filing states Mr. Miller’s resignation is not due to any disagreement with the company; no related‑party transactions or family relationships involving Mr. Betzen requiring Item 404(a) disclosure.

Why It Matters

• This is a planned leadership transition with a clear timetable and interim coverage, which aims to preserve management continuity. Investors should note the company names a successor structure (Vivek Bantwal as sole CEO) and adds Justin Betzen to senior operating leadership, which could affect operational oversight of the firm’s private credit activities. The filing confirms the resignation is not due to a dispute, and Mr. Miller will continue to participate in investment committee work during and after the transition.