# EDGAR Filing Document

**Accession Number:** 0002038600
**File Stem:** 0001193125-25-157016
**Filing Date:** 2025-7
**Character Count:** 22088
**Document Hash:** 375328e3cfcd580045dd9b2b0d0cc4b6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-157016.hdr.sgml**: 20250709

**ACCESSION NUMBER**: 0001193125-25-157016

**CONFORMED SUBMISSION TYPE**: ABS-15G

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20250707

**ITEM INFORMATION**: Findings and Conclusions of the Third Party Due Diligence Provider Obtained by the Issuer

**FILED AS OF DATE**: 20250709

**DATE AS OF CHANGE**: 20250709

**ABS RULE**: RULE-15GA2

**REGISTERED ENTITY**: N

**ABS ASSET CLASS**: Other

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Capital Street Transferor Trust
- **CENTRAL INDEX KEY:** 0002038600

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-07355
- **FILM NUMBER:** 251113216

**BUSINESS ADDRESS:**
- **STREET 1:** 200 WEST STREET
- **STREET 2:** 7TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10282-2198
- **BUSINESS PHONE:** 1-212-357-5628

**MAIL ADDRESS:**
- **STREET 1:** 200 WEST STREET
- **STREET 2:** 7TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10282-2198
**DEPOSITOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Capital Street Transferor Trust
- **CENTRAL INDEX KEY:** 0002038600

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act

**BUSINESS ADDRESS:**
- **STREET 1:** 200 WEST STREET
- **STREET 2:** 7TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10282-2198
- **BUSINESS PHONE:** 1-212-357-5628

**MAIL ADDRESS:**
- **STREET 1:** 200 WEST STREET
- **STREET 2:** 7TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10282-2198
**SECURITIZER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Capital Street Transferor Trust
- **CENTRAL INDEX KEY:** 0002038600

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-07355

**BUSINESS ADDRESS:**
- **STREET 1:** 200 WEST STREET
- **STREET 2:** 7TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10282-2198
- **BUSINESS PHONE:** 1-212-357-5628

**MAIL ADDRESS:**
- **STREET 1:** 200 WEST STREET
- **STREET 2:** 7TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10282-2198

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

**FORM ABS-15G** 

**ASSET-BACKED SECURITIZER** 

**REPORT PURSUANT TO SECTION 15G OF** 

**THE SECURITIES EXCHANGE ACT OF 1934** 

**Check the appropriate box to indicate the filing obligation to which this form is intended to satisfy:** 

☐ **Rule 15Ga-1 under the Exchange Act (17 CFR 240.15Ga-1) for the reporting period _______ to _______** 

## &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
**(Exact name of securitizer as specified in its charter)** 

**Date of Report (Date of earliest event reported)<u> </u>** 

**Commission File Number of securitizer:<u> </u>** 

**Central Index Key Number of securitizer:<u> </u>** 

**Name and telephone number, including area code, of the person** 

**to contact in connection with this filing.** 

Indicate by check mark whether the securitizer has no activity to report for the initial period pursuant to Rule 15Ga-1(c)(1) ☐

Indicate by check mark whether the securitizer has no activity to report for the quarterly period pursuant to Rule 15Ga-1(c)(2)(i) ☐

Indicate by check mark whether the securitizer has no activity to report for the annual period pursuant to Rule 15Ga-1(c)(2)(ii) ☐

☒ Rule 15Ga-2 under the Exchange Act (17 CFR 240.15Ga-2)

**Capital Street Master Trust** 

**(Exact name of issuing entity as specified in its charter)** 

Central Index Key Number of depositor (if applicable): 0002038600

Central Index Key Number of issuing entity (if applicable): Not Applicable

Central Index Key Number of underwriter (if applicable): Not Applicable

**Rucha Bedekar, Attorney-in-Fact of Administrator – (212) 902-9345** 

**Name and telephone number, including area code, of the person** 

**to contact in connection with this filing.** 

------

**PART II - FINDINGS AND CONCLUSIONS OF THIRD-PARTY DUE DILIGENCE REPORTS** 

**Item 2.01 Findings and Conclusions of a Third-Party Due Diligence Report Obtained by the Issuer** 

Attached as Exhibit 99.1 hereto is the Report of Independent Accountants on Applying Agreed-Upon Procedures, dated July 7, 2025, with respect to certain agreed-upon procedures performed by Deloitte & Touche LLP.

------

**SIGNATURES** 

Pursuant to the requirements of the Securities Exchange Act of 1934, the reporting entity has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: July 9, 2025

---

| | |
|:---|:---|
| **CAPITAL STREET TRANSFEROR TRUST** | **CAPITAL STREET TRANSFEROR TRUST** |
| (Transferor (Depositor)) | (Transferor (Depositor)) |
| By: Goldman Sachs Lending Partners LLC, as Administrator | By: Goldman Sachs Lending Partners LLC, as Administrator |
| By: | /s/ Rucha Bedekar |
| Name: Rucha Bedekar | Name: Rucha Bedekar |
| Title: Attorney-in-Fact | Title: Attorney-in-Fact |

---

------

**EXHIBIT INDEX** 

---

| | |
|:---|:---|
| Exhibit No. | Description |
| **Exhibit 99.1** | [Report of Independent Accountants on Applying Agreed-Upon Procedures, dated July 7, 2025.](d83457dex991.htm) |

---

## Exhibit 99.1

**Exhibit 99.1** 

---

| | |
|:---|:---|
| ![LOGO](g83457g0708032819211.jpg) | **Deloitte & Touche LLP** |
| ![LOGO](g83457g0708032819211.jpg) | 3 Second Street |
| ![LOGO](g83457g0708032819211.jpg) | Suite 301 |
| ![LOGO](g83457g0708032819211.jpg) | Harborside Plaza 10 |
| ![LOGO](g83457g0708032819211.jpg) | Jersey City, NJ 07302 |
| ![LOGO](g83457g0708032819211.jpg) | USA |
|  | Tel: +1 212 937 8202<br> www.deloitte.com |

---

Capital Street Ltd.

200 West Street

New York, New York 10282

**Independent Accountants' Report** 

**<u>on Applying Agreed-Upon Procedures</u>**

We have performed the procedures described below, related to certain information with respect to a portfolio of capital call lines and the related lending partners in connection with the proposed offering of Capital Steet Master Trust, Series 2025-1 Notes. Capital Street Ltd. (the "Company") is responsible for the information provided to us, including the information set forth in the Capital Call Data File and Lending Partner Data File (each as defined herein).

The Company has agreed to the procedures and acknowledged that the procedures performed are appropriate to meet the intended purpose of evaluating the accuracy of certain information set forth on the Capital Call Data File and Lending Partner Data File. Additionally, Goldman Sachs & Co. LLC (together with the Company, the "Specified Parties") has agreed to the procedures and acknowledged that the procedures performed are appropriate for their purposes. This report may not be suitable for any other purpose. The procedures performed may not address all of the items of interest to a user of the report and may not meet the needs of all users of the report and, as such, users are responsible for determining whether the procedures performed are appropriate for their purposes. Consequently, we make no representations regarding the appropriateness of the procedures described below either for the purpose for which this report has been requested or for any other purpose.

We performed certain procedures on earlier versions of the Capital Call Data File and communicated differences prior to being provided the final Capital Call Data File which was subjected to the procedures described below.

**Agreed-Upon Procedures** 

On June 27, 2025, at the instruction of the Company, we accessed the "Company Website" (<u>https://www.lockbox.gs.com</u>) and obtained a computer-generated capital call data file and related record layout (the "Capital Call Data File") containing data, as represented to us by the Company, as of the close of business May 23, 2025, with respect to 36 capital call lines (the "Capital Call Lines").

Further, on June 2, 2025, at the instruction of the Company, we accessed the "Company Website" and obtained a computer-generated lending partner data file and related record layout containing data, as represented to us by the Company, as of the close of business May 23, 2025, with respect to 9,836 lending partners (the "Lending Partner Data File"). At the instruction of the Company, we randomly selected 100 lending partners from the Lending Partner Data File (the "Sample Lending Partners").

**Member of**<br> Deloitte Touche Tohmatsu Limited<br>

------

**File Review Procedures of the Capital Call Lines:** 

For each of the Capital Call Lines, we performed certain comparisons of the capital call line characteristics (the "Capital Call Line Characteristics") set forth on or the Capital Call Data File and indicated below.

**Capital Call Line Characteristics** 

---

| | |
|:---|:---|
| 1. Admin agent bank<br> 2. Fund loan amount<br> 3. Currency<br> 4. Type<br> 5. Governing law<br> 6. Spread<br> 7. Funded tranche maturity | 8. Max LTV<br> 9. Called capital %<br> 10. Total number of LP's<br> 11. Fund size<br> 12. Investment manager on approved list (yes/no)<br> 13. Fund strategy<br> 14. Investment manager assets under management |

---

We compared Capital Call Line Characteristics 1. through 7. to the corresponding information set forth on or derived from the credit agreement, or any amendments thereto (collectively, the "Credit Agreement"); Characteristics 8. through 11. to the "Borrowing Base Calculation Spreadsheet;" Characteristic 12. to the "Whitelist;" Characteristic 13. to the "Capital Call Line Private Placement Memorandum;" and Characteristic 14. to the "Assets Under Management Supporting Documentation."

For purposes of our procedures and at your instruction:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• with respect to our comparison of Characteristic 2., differences of $2.00 or less are deemed to be "in
agreement;" and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• with respect to our comparison of Characteristic 13., a fund strategy of (i) "Credit" set forth on the
Capital Call Data File and "Direct Lending" or "Distressed Debt" set forth on the Capital Call Line Private Placement Memorandum is deemed to be "in agreement" and (ii) "Buyout" set forth on the Capital Call
Data File and "Growth/Expansion" set forth on the Capital Call Line Private Placement Memorandum is deemed to be "in agreement."

The capital call line documents described above, and any other related documents used in support of the Capital Call Line Characteristics, were provided to us by representatives of the Company and are collectively referred to hereinafter as the "Capital Call Line Documents."

**File Review Procedures of the Lending Partners:** 

For each of the Sample Lending Partners, we performed certain comparisons of the lending partner characteristics (the "Lending Partner Characteristics") set forth on or the Lending Partner Data File or and indicated below.

**Lending Partner Characteristics** 

1. LP legal name 2. LP domicile 3. Capital commitment 4. Capital called 5. Uncalled capital

We compared Lending Partner Characteristics 1. through 3. to the corresponding information set forth on or derived from the "Subscription Agreement;" and Characteristics 4. and 5. to the "Borrowing Base Calculation Spreadsheet."

The lending partner documents described above, and any other related documents used in support of the Lending Partner Characteristics, were provided to us by representatives of the Company and are collectively referred to hereinafter as the "Lending Partner Documents."

------

We were not requested to perform, and we did not perform, any procedures with respect to the preparation or verification of any of the information set forth on the Capital Call Line Documents or the Lending Partner Documents and we make no representations concerning the accuracy or completeness of any of the information contained therein. In certain instances, our procedures were performed using data imaged facsimiles or photocopies of the Capital Call Line Documents or Lending Partner Documents. In addition, we make no representations as to whether the Capital Call Line Documents or Lending Partner Documents are comprehensive or valid instruments or reflect the current prevailing terms with respect to the corresponding Capital Call Lines or Sample Lending Partners, respectively.

**Agreed-Upon Procedures' Findings** 

The results of the foregoing procedures indicated that the (i) Capital Call Line Characteristics set forth on the Capital Call Data File and (ii) Lending Partner Characteristics set forth on the Lending Partner Data File were found to be in agreement with the above-mentioned Capital Call Line Documents and Lending Partner Documents, respectively, except as indicated in the attached Appendix A and Appendix B. Supplemental information is contained in Appendix C, Appendix D and Appendix E.

\*\*\*\*\*\*

We make no representations as to the (i) actual characteristics or existence of the underlying documents or data comprising the Capital Call Lines or lending partners underlying the (i) Capital Call Data File or (ii) Lending Partner Data File or the conformity of their characteristics with those assumed for purposes of the procedures described herein, (ii) existence or ownership of the Capital Call Lines or lending partners or (iii) reasonableness of any of the aforementioned assumptions, information or methodologies.

It should be understood that we make no representations as to questions of legal interpretation or as to the sufficiency for your purposes of the procedures enumerated in the preceding paragraphs. Also, such procedures would not necessarily reveal any material misstatement of the information referred to above. We have no responsibility to update this report for events or circumstances that occur subsequent to the date of this report.

We were engaged by the Company to perform this agreed-upon procedures engagement and conducted our engagement in accordance with attestation standards established by the American Institute of Certified Public Accountants ("AICPA"). An agreed-upon procedures engagement involves the practitioner performing specific procedures that the engaging party has agreed to and acknowledged to be appropriate for the purpose of the engagement and reporting on findings based on the procedures performed. We were not engaged to conduct, and did not conduct, an (i) audit conducted in accordance with generally accepted auditing standards or (ii) examination or a review engagement conducted in accordance with attestation standards established by the AICPA, the objective of which would be the expression of an opinion or conclusion, respectively, on the Capital Call Data File or Lending Partner Data File. Accordingly, we do not express such an opinion or conclusion, or any other form of assurance, including reasonable assurance. Had we performed additional procedures, other matters might have come to our attention that would have been reported to you.

We are required to be independent of the Company and to meet our other ethical responsibilities, as applicable for agreed-upon procedures engagements set forth in the Preface: Applicable to All Members and Part 1 – Members in Public Practice of the Code of Professional Conduct established by the AICPA. Independence requirements for agreed-upon procedure engagements are less restrictive than independence requirements for audit and other attestation services.

None of the engagement, procedures or report was intended to address, nor did they address, the (i) conformity of the origination of the assets to stated underwriting or credit extension guidelines, standards, criteria or other requirements, (ii) value of collateral securing such assets or (iii) compliance of the originator of the assets with federal, state, and local laws and regulations.

------

None of the engagement, procedures or report were intended to satisfy, nor did they satisfy, any criteria for due diligence published by a nationally recognized statistical rating organization.

This report is intended solely for the information and use of the Specified Parties identified above and is not intended to be and should not be used by anyone other than these Specified Parties.

Yours truly,

/s/ Deloitte & Touche LLP

July 7, 2025

------

**Appendix A to Independent Accountants' Report on Applying Agreed-Upon Procedures issued by Deloitte & Touche LLP dated July 7, 2025.** 

In applying our agreed-upon procedures as outlined above, we observed the following:

---

| | |
|:---|:---|
| **Exception<br>Description<br>Number** | **Exception Description** |
| 1 | Four differences in funded tranche maturity. |
| 2 | One instance where we were unable to verify the funded tranche maturity. |

---

The information above reflects the procedures performed and is subject to the conditions set forth in the agreed-upon procedures report to which this appendix is attached.

------

**Appendix B to Independent Accountants' Report on Applying Agreed-Upon Procedures issued by Deloitte & Touche LLP dated July 7, 2025.** 

In applying our agreed-upon procedures as outlined above, we observed the following:

---

| | |
|:---|:---|
| **Exception<br>Description<br>Number** | **Exception Description** |
| 1 | Thirteen differences for capital called. |
| 2 | Thirteen differences for uncalled capital. |

---

The information above reflects the procedures performed and is subject to the conditions set forth in the agreed-upon procedures report to which this appendix is attached.

------

**Appendix C to Independent Accountants' Report on Applying Agreed-Upon Procedures issued by Deloitte & Touche LLP dated July 7, 2025 (Redacted.)** 

<u>Supplemental Information Related to the Findings Set Forth on Appendix A</u> 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Exception Description Number** | **Capital Call Line** | **Capital Call Line<br>Characteristic** | **Characteristic<br>set forth on<br>the Capital<br>Call Data File** | **Characteristic<br>set forth on<br>the Credit<br>Agreement** |
| 1 | [REDACTED] | Funded tranche maturity | 6/16/2025 | 6/14/2025 |
| 1 | [REDACTED] | Funded tranche maturity | 6/16/2025 | 6/14/2025 |
| 1 | [REDACTED] | Funded tranche maturity | 8/26/2026 | 8/31/2026 |
| 1 | [REDACTED] | Funded tranche maturity | 12/12/2025 | 12/9/2025 |

---

The information above reflects the procedures performed and is subject to the conditions set forth in the agreed-upon procedures report to which this appendix is attached.

------

**Appendix D to Independent Accountants' Report on Applying Agreed-Upon Procedures issued by Deloitte & Touche LLP dated July 7, 2025 (Redacted.)** 

<u>Supplemental Information Related to the Findings Set Forth on Appendix A</u> 

In applying our agreed-upon procedures as outlined above, we were unable to verify the following Capital Call Line Characteristic for the related Capital Call Line:

---

| | | |
|:---|:---|:---|
| **Exception**<br> **Description**<br> **Number** | **Capital Call Line** | **Capital Call Line Characteristic**<br> **not verified** |
|  2 | [REDACTED] | Funded tranche maturity |

---

The information above reflects the procedures performed and is subject to the conditions set forth in the agreed-upon procedures report to which this appendix is attached.

------

**Appendix E to Independent Accountants' Report on Applying Agreed-Upon Procedures issued by Deloitte & Touche LLP dated July 7, 2025 (Redacted.)** 

<u>Supplemental Information Related to the Findings Set Forth on Appendix B</u> 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Exception Description Number** | **Sample Lending Partner** | **Lending**<br> **Partner**<br> **Characteristic** | **Characteristic set<br>forth on the Lending<br>Partner Data File** | **Characteristic set<br>forth on the<br>Borrowing Base<br>Calculation<br>Spreadsheet** |
| 1 | [REDACTED] | Capital called | $656870.11 | $730870.11 |
| 1 | [REDACTED] | Capital called | $802460.60 | $806084.85 |
| 1 | [REDACTED] | Capital called | $492652.58 | $548152.58 |
| 1 | [REDACTED] | Capital called | $198761.25 | $199667.32 |
| 1 | [REDACTED] | Capital called | $621934.89 | $624743.68 |
| 1 | [REDACTED] | Capital called | $2627480.43 | $2923480.43 |
| 1 | [REDACTED] | Capital called | $200872.15 | $201778.22 |
| 1 | [REDACTED] | Capital called | $322471.13 | $323920.83 |
| 1 | [REDACTED] | Capital called | $201343.61 | $202249.68 |
| 1 | [REDACTED] | Capital called | $200872.15 | $201778.22 |
| 1 | [REDACTED] | Capital called | $200872.15 | $201778.22 |
| 1 | [REDACTED] | Capital called | $120369.12 | $120912.76 |
| 1 | [REDACTED] | Capital called | $370000.00 | $295000.00 |
| 2 | [REDACTED] | Uncalled capital | $343129.89 | $269129.89 |
| 2 | [REDACTED] | Uncalled capital | $197539.40 | $193915.15 |
| 2 | [REDACTED] | Uncalled capital | $257347.42 | $201847.42 |
| 2 | [REDACTED] | Uncalled capital | $51238.75 | $50332.68 |
| 2 | [REDACTED] | Uncalled capital | $153065.11 | $150256.32 |
| 2 | [REDACTED] | Uncalled capital | $1372519.57 | $1076519.57 |
| 2 | [REDACTED] | Uncalled capital | $49127.85 | $48221.78 |
| 2 | [REDACTED] | Uncalled capital | $77528.87 | $76079.17 |
| 2 | [REDACTED] | Uncalled capital | $48656.39 | $47750.32 |
| 2 | [REDACTED] | Uncalled capital | $49127.85 | $48221.78 |
| 2 | [REDACTED] | Uncalled capital | $49127.85 | $48221.78 |
| 2 | [REDACTED] | Uncalled capital | $29630.88 | $29087.24 |
| 2 | [REDACTED] | Uncalled capital | $630000.00 | $705000.00 |

---

The information above reflects the procedures performed and is subject to the conditions set forth in the agreed-upon procedures report to which this appendix is attached.