<SEC-DOCUMENT>0001225208-20-004411.txt : 20200305
<SEC-HEADER>0001225208-20-004411.hdr.sgml : 20200305
<ACCEPTANCE-DATETIME>20200305135214
ACCESSION NUMBER:		0001225208-20-004411
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20200226
FILED AS OF DATE:		20200305
DATE AS OF CHANGE:		20200305

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Moses Thomas
		CENTRAL INDEX KEY:			0001805716

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	814-00733
		FILM NUMBER:		20690271

	MAIL ADDRESS:	
		STREET 1:		BARINGS LLC
		STREET 2:		300 SOUTH TRYON ST., 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:			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>0</noSecuritiesOwned>

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

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001805716</rptOwnerCik>
            <rptOwnerName>Moses Thomas</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>Treasurer</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock (&quot;Shares&quot;)</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>20371.0000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <footnotes></footnotes>

    <ownerSignature>
        <signatureName>Ann Malloy as Attorney-in-fact</signatureName>
        <signatureDate>2020-03-05</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24
<SEQUENCE>2
<FILENAME>tmosesbbdc.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 Treasurer of Barings BDC,
Inc. ("the Issuer"), 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 the Issuer said SEC Forms 3, 4 and/or 5 with respect to
shares of the Issuer purchased or sold by the undersigned or any other change of
beneficial ownership relating to equity or derivative securities of the Issuer
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.

Name:	Thomas Moses
Date:   February 27, 2020
Title:	Treasurer of Barings BDC, Inc.
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
