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Securities and Exchange Commission ("SEC") Forms 3, Form 4 and Form 5 and
Application for EDGAR Access (Form ID) Confirmation of Authority to Sign



Pursuant to Instruction 7 to 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 an officer of Barings LLC, the investment
adviser to Barings BDC, lnc. (the "Issuer"), hereby appoint and designate
Jessica Restivo, Ann Malloy, 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 Issuers 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 authorization shall remain in effect until a written revocation is executed
by the undersigned and filed with the SEC.




By: Patrick Hoefling
Title: Treasurer
Date: August 10, 2018