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EXHIBIT 21.1

SUBSIDIARIES OF GOLUB CAPITAL BDC 4, INC.
Name						Jurisdiction
Golub Capital 4 Holdings LLC						Delaware
Golub Capital BDC 4 Funding LLC						Delaware
Golub Capital 4 Holdings Coinvest, Inc.						Delaware
Golub Capital BDC 4 Funding II LLC						Delaware
Golub Capital BDC 4 Funding III LLC						Delaware
Golub Capital BDC 4 CLO 1 LLC						Delaware
Golub Capital BDC 4 CLO 1 Depositor LLC						Delaware