Form: 3

Initial statement of beneficial ownership of securities

March 5, 2020

Published on March 5, 2020

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.