Exhibit 18

Calculation of Filing Fees Tables

Form N-14

(Form Type)

Barings BDC, Inc.

(Exact Name of Registrant as Specified in its Charter)

Table 1: Newly Registered Securities


		Security Type		Security Class Title		Fee Calculation Rule		Amount Registered		Proposed Maximum Offering Price Per Unit		Maximum Aggregate Offering Price (1)		Fee Rate		Amount of Registration Fee(1)
Fees to be Paid		Debt		3.300% Notes due 2026		457(a)		$350,000,000		—		$350,000,000		0.0000927		$32,445
Fees Previously Paid		—		—		—		—		—		—		—		—
		Total Offering Amount										$350,000,000				$32,445
		Total Fees Previously Paid														$0
		Total Fee Offsets														$0
		Net Fee Due														$32,445

(1)	Estimated solely for the purpose of calculating the registration fee required by Section 6(b) of the Securities Act of 1933 and computed pursuant to Rule 457(a) and 457(f)(2) of the Securities Act of 1933.