<SEC-DOCUMENT>0001225208-20-001370.txt : 20200131
<SEC-HEADER>0001225208-20-001370.hdr.sgml : 20200131
<ACCEPTANCE-DATETIME>20200131095944
ACCESSION NUMBER:		0001225208-20-001370
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20200121
FILED AS OF DATE:		20200131
DATE AS OF CHANGE:		20200131

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Nitzan Andrea
		CENTRAL INDEX KEY:			0001739810

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	814-00733
		FILM NUMBER:		20563611

	MAIL ADDRESS:	
		STREET 1:		C/O BARINGS LLC
		STREET 2:		300 SOUTH TRYON STREET SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings BDC, Inc.
		CENTRAL INDEX KEY:			0001379785
		IRS NUMBER:				061798488
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		300 SOUTH TRYON STREET
		STREET 2:		SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202
		BUSINESS PHONE:		(704) 805-7200

	MAIL ADDRESS:	
		STREET 1:		300 SOUTH TRYON STREET
		STREET 2:		SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28202

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Triangle Capital CORP
		DATE OF NAME CHANGE:	20061101
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>doc3.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0206</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2020-01-21</periodOfReport>

    <noSecuritiesOwned>1</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001379785</issuerCik>
        <issuerName>Barings BDC, Inc.</issuerName>
        <issuerTradingSymbol>BBDC</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001739810</rptOwnerCik>
            <rptOwnerName>Nitzan Andrea</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O BARINGS LLC</rptOwnerStreet1>
            <rptOwnerStreet2>300 SOUTH TRYON STREET, SUITE 2500</rptOwnerStreet2>
            <rptOwnerCity>CHARLOTTE</rptOwnerCity>
            <rptOwnerState>NC</rptOwnerState>
            <rptOwnerZipCode>28202</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isOther>1</isOther>
            <otherText>Officer of Adviser</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable></nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <footnotes></footnotes>

    <ownerSignature>
        <signatureName>Ann Malloy as Attorney-in-fact</signatureName>
        <signatureDate>2020-01-30</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24
<SEQUENCE>2
<FILENAME>anitzan.txt
<TEXT>
Securities and Exchange Commission Forms 3, Form 4 and Form 5 and Application
for EDGAR Access (Form ID) Confirmation of Authority to Sign



Pursuant to Instruction 7 to Securities and Exchange Commission ("SEC") "Form 3
- Initial Statement of Beneficial Ownership of Securities", "Form 4 - Statement
of Changes in Beneficial Ownership" and "Form 5 - Annual Statement of Beneficial
Ownership of Securities" the undersigned, being the Global Controller of Barings
LLC, the investment adviser to Barings Corporate Investors Barings Participation
Investors, Barings BDC, Inc.,  and Barings Global Short Duration High Yield Fund
("the Issuers"), hereby appoints and designates Jessica Restivo, Ann Malloy,
Latavea Cross, Melissa Cliver and Melissa LaGrant each as my true and lawful
attorneys in fact with full power to (a) apply for access to the EDGAR filing
system in my name and (b) sign for me and file with the SEC and the New York
Stock Exchange said SEC Forms 3, 4 and/or 5 with respect to shares of the
Issuers purchased or sold by the undersigned or any other change of beneficial
ownership relating to equity or derivative securities of the Issuers required to
be reported by the undersigned.


This Power of Attorney shall remain in full force and effect until I earlier
revoke it in a signed writing delivered to the attorneys-in-fact.




By:	Andrea Nitzan
Title:  Global Controller, Barings LLC
Date:   January 29, 2020

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
