West Bay BDC LLC CEO Transition — Co‑CEO David Miller to Resign

What Happened

• West Bay BDC LLC announced in an 8‑K that David Miller notified the company on August 3, 2026 that he will resign as Co‑Chief Executive Officer and co‑principal executive officer effective December 31, 2026. Mr. Miller will continue in his role through the transition and will remain a member of the Private Credit Investment Committee.
• Effective December 31, 2026, Vivek Bantwal (the other co‑CEO) will become the Company’s sole Chief Executive Officer and sole principal executive officer. Separately, the Company appointed Justin Betzen as co‑President and co‑Chief Operating Officer effective August 3, 2026; Tucker Greene will move from President/COO to co‑President and co‑COO upon Mr. Betzen’s appointment.
• Mr. Miller will assume roles at Goldman Sachs: chairman of the GSAM Private Credit Direct Lending Team in the Americas effective August 6, 2026 and advisory director to Goldman Sachs effective December 31, 2026.

Key Details

• Resignation notice date: August 3, 2026; effective resignation date: December 31, 2026.
• Leadership changes: Vivek Bantwal to sole CEO (Dec 31, 2026); Justin Betzen named co‑President & co‑COO (effective Aug 3, 2026); Tucker Greene becomes co‑President & co‑COO at that time.
• Justin Betzen background: managing director and senior underwriter, GSAM Private Credit in the Americas; joined Goldman Sachs in 2006, rejoined in 2013, named MD in 2019; prior roles at Newstone Capital Partners and JPMorgan.
• Disclosure: Mr. Miller’s resignation is not due to any disagreement with the Company. Mr. Betzen has no family relationships with current directors/officers and no reportable related‑party transactions under Item 404(a) of Regulation S‑K.

Why It Matters

• The filing signals a planned, orderly leadership transition rather than a sudden departure: Mr. Miller will stay through year‑end and retain committee participation, which supports continuity in investment oversight.
• Consolidating the CEO role under Vivek Bantwal may affect strategic direction or decision‑making dynamics; the appointment of Justin Betzen (also placed in similar roles across affiliated Goldman Sachs entities) reinforces alignment with GSAM Private Credit leadership.
• For investors, the key takeaways are governance continuity, stated absence of disagreement, and management changes that could influence operational execution—monitor future disclosures for any changes to strategy or performance tied to the new leadership structure.