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 19, 2026, 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

New York, New York

February 19, 2026