I, the undersigned Director of Barings BDC, lnc. ("BBDC"), hereby severally
constitute and appoint each of Eric Lloyd, Jonathan Bock, Melissa LaGrant,
Annie Malloy, Janice M. Bishop, Andrew Gould, Kristin Goodchild, Robert Knox,
Richard Horowitz, Jonathan Gaines and Cecily Wu and each of them singly, my true
and lawful attorney, with full power to him/her to sign for me, and in my name
and in the capacities indicated below, any Registration Statement of the BBDC on
Form N-2, including all Pre-Effective and Post-Effective Amendments to the
Registration Statement of the BBDC, any and all supplements or other instruments
in connection therewith, any subsequent Registration Statements for the same
offering which may be filed under Rule 462(b) under the Securities Act of 1933,
as amended (the "Securities Act"), any reports required by Section 13 of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"), any and all
Forms 3, 4, and 5 in accordance with Section 16(a) of the Exchange Act and the
rules thereunder and any and all agreements, documents and other instruments
required or permitted to be filed pursuant to the Securities Act, the Exchange
Act, the Investment Company Act of 1940, as amended (the "1940 Act"), the
Investment Advisers Act of 1940, as amended, the Commodities Exchange Act, as
amended, and/or the Federal Securities Laws (as that term is defined in Rule
38a-1 under the 1940 Act), and the rules thereunder (collectively, the
"Securities and Commodities Laws"), and to file the same, with all exhibits
thereto, and other agreements, documents and other instruments in connection
therewith, with the appropriate regulatory body including, but not limited to,
the Securities and Exchange Commission, the Commodity Futures Trading
Commission, and the securities regulators of the appropriate states and
territories, and generally to do all such things in my name and on my behalf
in connection therewith as such attorney deems necessary or appropriate to
comply with the Securities and Commodities Laws and all related requirements,
granting unto such attorney full power and authority to do and perform each and
every act and thing requisite or necessary to be done in connection therewith,
as fully to all intents and purposes as he might or could do in person, hereby
ratifying and confirming all that such attorney lawfully could do  or cause to
be done by virtue hereof.  I acknowledge that the attorneys-in-fact, in serving
in such capacity at my request, are not assuming, nor is the BBDC assuming, any
of my responsibilities to comply with the Securities and Commodities Laws.

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: Christopher Cary

Date: August 2, 2018