Form: 10-K

Annual report pursuant to Section 13 and 15(d)

February 20, 2025




Exhibit 23.1
Consent of Independent Registered Public Accounting Firm
We consent to the incorporation by reference in the registration statement (No. 333-282335) on Form N-2 of our report dated February 20, 2025, with respect to the consolidated financial statements of Barings BDC, Inc., the effectiveness of internal control over financial reporting, and the senior securities table.
/s/ KPMG LLP
Boston, Massachusetts
February 20, 2025