GOLDMAN SACHS BDC

Goldman Sachs BDC, Inc., incorporated on September 26, 2012, is a closed-end management investment company. The Company is a specialty finance company, which is focused on lending to middle-market companies. The Company's investment objective is to generate current income and, to a lesser extent, capital appreciation primarily through direct originations of secured debt, including first lien, including first lien, unitranche, including last out portions of such loans, and second lien debt, and u... nsecured debt, including mezzanine debt, as well as through select equity investments. The Company invests primarily in the United States middle-market companies. The Company invests in illiquid securities, including debt and equity investments, of middle-market companies. As of December 31, 2016, its portfolio included first lien/senior secured debt, first lien/last-out unitranche, second lien/senior secured debt, unsecured debt, preferred stock, common stock, and investment funds and vehicles. As of December 31, 2016, its portfolio consisted of 49 investments in 40 portfolio companies across 26 different industries. In addition to investments in the United States middle-market companies, it may invest a portion of its capital in opportunistic investments, such as in large the United States companies, foreign companies, stressed or distressed debt, structured products or private equity. More