Qatar Investment Authority 4

What Happened
Qatar Investment Authority (reported as a 10% owner) acquired 2,577,319.588 limited liability company units of West Bay BDC LLC at $17.46 per unit on March 13, 2026, for a total reported consideration of $45,000,000. The Form 4 shows this as a purchase (transaction code P); the securities are held directly by West Bay Holding LLC, with Qatar Investment Authority listed as the ultimate parent.

Key Details

• Transaction date and price: 2026-03-13 — 2,577,319.588 units at $17.46 each. Total reported = $45,000,000.
• Transaction type: Purchase (code P); described as open market or private purchase.
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnotes: F1 states West Bay Holding LLC purchased units “on March 13, 2025” at $17.46 per unit (this date in F1 differs from the Form 4 period/date); F2 clarifies West Bay Holding LLC is the direct holder and Qatar Investment Authority is the ultimate parent.
• Filing timeliness: No late filing indication provided in the supplied data.

Context
This is an institutional (10% owner) acquisition rather than an executive’s personal trade; institutional purchases can be informative but do not by themselves reveal motivation. Note the date mismatch in F1 (March 13, 2025) vs. the Form 4 period (2026-03-13) — that appears in the filing’s footnotes and may be a clerical discrepancy.