<SEC-DOCUMENT>0001225208-20-003631.txt : 20200227
<SEC-HEADER>0001225208-20-003631.hdr.sgml : 20200227
<ACCEPTANCE-DATETIME>20200227120422
ACCESSION NUMBER:		0001225208-20-003631
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20200226
FILED AS OF DATE:		20200227
DATE AS OF CHANGE:		20200227

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Cowart Michael
		CENTRAL INDEX KEY:			0001801508

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	814-00733
		FILM NUMBER:		20659811

	MAIL ADDRESS:	
		STREET 1:		BARINGS LLC
		STREET 2:		300 SOUTH TRYON ST.. SUITE 2500
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			02210

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Barings BDC, Inc.
		CENTRAL INDEX KEY:			0001379785
		IRS NUMBER:				061798488
		STATE OF INCORPORATION:			NC
		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>2020-02-26</periodOfReport>

    <noSecuritiesOwned>1</noSecuritiesOwned>

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

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001801508</rptOwnerCik>
            <rptOwnerName>Cowart Michael</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>
            <isOfficer>1</isOfficer>
            <officerTitle>Chief Compliance Officer</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable></nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <footnotes></footnotes>

    <ownerSignature>
        <signatureName>Ann Malloy as Attorney-in-fact</signatureName>
        <signatureDate>2020-02-27</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24
<SEQUENCE>2
<FILENAME>mcowart.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, 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,
the New York Stock Exchange, and Barings Corporate Investors Barings
Participation Investors, Barings BDC, Inc., Barings Global Short Duration High
Yield Fund ("the Issuers") 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:	Michael Cowart

Date:   January 23, 2020

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