Eric Lloyd

Eric Lloyd

Chairman of the Board and Chief Executive Officer

Eric is Barings’ Global Head of Private Assets and Chairman of the Board and Chief Executive Officer of Barings BDC, Inc., responsible for managing all aspects of Barings' global private finance enterprise, which includes global middle market direct lending, infrastructure, private placements, private asset-backed securities, equipment finance and whole loan residential mortgage. He also oversees strategic relationship management as a member of Barings’ Senior Leadership Team.  

Eric has worked in the industry since 1990 and his experience has encompassed leadership positions in investment management, investment banking, leveraged finance and risk management. Prior to joining Barings in 2013, Eric served as Head of Market and Institutional Risk for Wells Fargo, was on Wells Fargo's Management Committee, and was a member of the Board of Directors of Wells Fargo Securities.

Before the acquisition of Wachovia, Eric worked in Wachovia's Global Markets Investment Banking division and served on the division's Operating Committee where he had various leadership positions, including Head of Wachovia's Global Leveraged Finance Group.

Eric is an Executive Sponsor of both the Veteran’s and the Out & Allies Employee Resource Groups. He holds a B.S. in Finance from the University of Virginia, McIntire School of Commerce.

Jonathan Bock

Jonathan Bock

Chief Financial Officer

Jonathan is Chief Financial Officer of Barings BDC, Inc. and a Managing Director in Barings Global Private Finance Group. Prior to joining Barings in 2018, Jonathan was a Managing Director and Senior Equity Analyst at Wells Fargo Securities specializing in Business Development Companies.

Before his role at Wells Fargo, he followed the specialty finance space at Stifel Nicolaus & Company and A.G. Edwards Inc. Prior to entering sell-side research in 2006, Jonathan was an equity portfolio manager/analyst at Busey Wealth Management in Champaign, Illinois.

He has actively followed the BDC space since 2006 and was the Chief Author of a leading BDC quarterly research publication: The BDC Scorecard. His research is often cited by The Wall Street Journal, Barron's, and other prominent financial publications.

Jonathan holds a B.S. in Finance from the University of Illinois and is a C.F.A. Charterholder.

Ian Fowler

Ian Fowler

President

Ian is President of Barings BDC, Inc. and Co-Head of Barings’ Global Private Finance Group, a member of the group’s North American Private Finance Investment Committee. He is responsible for leading a team that originates, underwrites and manages global private finance investments. Ian has worked in the industry since 1988 and his experience encompasses middle market commercial finance, including originating, underwriting and managing senior secured loans, mezzanine and co-investment transactions.

Prior to joining Barings in 2012, he was a Senior Managing Director with Harbour Group and co-founded Freeport Financial LLC where he was a member of the Executive Credit Committee and responsible for all business development and capital market initiatives. While at Freeport, he helped build the company into one of the top five non-bank affiliated middle market sponsor finance companies in the United States. Before that, Ian was Managing Director and Global Group Leader for GE Capital's Global Sponsor Finance Group.

Prior to GE Capital, he held various leveraged finance and investment positions with NationsBank and Mellon Bank. Ian holds a B.A. from the University of Western Ontario and is a member of the CFA Institute.

Michael Cowart

Michael Cowart

Chief Compliance Officer

Michael serves as Chief Compliance Officer of the Company. He is also Chief Compliance Officer for Barings Global Short Duration High Yield Fund, Barings Funds Trust, Barings Securities LLC, Barings Corporate Investors and Barings Participation Investors. He is a member of Barings’ Compliance Group responsible for Barings’ Sales Practices, Fund Compliance, and Regulatory Change Management Program. Michael has worked in the industry since 2010.

Prior to joining the firm in 2018, he held positions in the compliance and legal departments at LPL Financial, the Municipal Securities Rulemaking Board and Goldman Sachs & Co. where his duties included overseeing regulatory inquiries and examinations, trading, professional qualifications, risk management and assessment, the development and implementation of policies, and regulatory rulemaking.

Michael holds a B.A., with honors, from the University of Tennessee; a Master’s Degree from Vanderbilt University; a J.D. from Elon University School of Law; and an LL.M. in Securities and Financial Regulation from Georgetown University Law Center.