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 BDC, Inc.
(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 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.




By: Elizabeth A. Murray
Title: Director External Reporting to Barings BDC, Inc.

Date: February 28, 2019