Goldman Sachs BDC, Inc. is a specialty finance company that has elected to be regulated as a business development company. GS BDC was formed by The Goldman Sachs Group, Inc. (Goldman Sachs) to invest primarily in middle-market companies in the United States, and is externally managed by Goldman Sachs Asset Management, L.P., an SEC-registered investment adviser and a wholly-owned subsidiary of Goldman Sachs. GS BDC seeks to generate current income and, to a lesser extent, capital appreciation primarily through direct originations of secured debt, including first lien, first lien/last-out unitranche and second lien debt, and unsecured debt, including mezzanine debt, as well as through select equity investments.