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Unaudited Consolidated Schedule of Investments - Additional Information (Parenthetical) - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2024
Dec. 31, 2023
Schedule of Investments [Line Items]    
Cost $ 2,551,299,000 $ 2,535,576,000
Total investments at fair value $ 2,527,537,000 $ 2,488,715,000
Percent of net assets 208.60% [1] 208.00%
Non-qualifying assets 29.10% 28.80%
Forward currency contracts $ 15,833,000  
Aerospace and Defense    
Schedule of Investments [Line Items]    
Total investments at fair value $ 137,956,000 $ 132,498,000
Percent of net assets 11.40% 11.10%
Automotive    
Schedule of Investments [Line Items]    
Total investments at fair value $ 71,897,000 $ 80,828,000
Percent of net assets 5.90% 6.70%
Banking, Finance, Insurance and Real Estate    
Schedule of Investments [Line Items]    
Total investments at fair value $ 406,291,000 $ 401,816,000
Percent of net assets 33.50% 33.60%
Beverage, Food and Tobacco    
Schedule of Investments [Line Items]    
Total investments at fair value $ 33,518,000 $ 23,135,000
Percent of net assets 2.80% 1.90%
Capital Equipment    
Schedule of Investments [Line Items]    
Total investments at fair value $ 136,168,000 $ 128,706,000
Percent of net assets 11.20% 10.80%
Chemicals, Plastics, and Rubber    
Schedule of Investments [Line Items]    
Total investments at fair value $ 40,937,000 $ 35,897,000
Percent of net assets 3.40% 3.00%
Construction and Building    
Schedule of Investments [Line Items]    
Total investments at fair value $ 30,684,000 $ 30,387,000
Percent of net assets 2.50% 2.50%
Consumer goods: Durable    
Schedule of Investments [Line Items]    
Total investments at fair value $ 49,236,000 $ 47,074,000
Percent of net assets 4.10% 3.90%
Consumer goods: Non-durable    
Schedule of Investments [Line Items]    
Total investments at fair value $ 36,108,000 $ 28,210,000
Percent of net assets 3.00% 2.40%
Containers, Packaging and Glass    
Schedule of Investments [Line Items]    
Total investments at fair value $ 37,542,000 $ 37,524,000
Percent of net assets 3.10% 3.10%
Energy: Electricity    
Schedule of Investments [Line Items]    
Total investments at fair value $ 29,079,000 $ 20,874,000
Percent of net assets 2.40% 1.70%
Energy: Oil and Gas    
Schedule of Investments [Line Items]    
Total investments at fair value $ 3,236,000 $ 3,240,000
Percent of net assets 0.30% 0.30%
Environmental Industries    
Schedule of Investments [Line Items]    
Total investments at fair value $ 51,501,000 $ 53,484,000
Percent of net assets 4.20% 4.50%
Healthcare and Pharmaceuticals    
Schedule of Investments [Line Items]    
Total investments at fair value $ 190,321,000 $ 216,952,000
Percent of net assets 15.70% 18.10%
High Tech Industries    
Schedule of Investments [Line Items]    
Total investments at fair value $ 304,442,000 $ 303,082,000
Percent of net assets 25.10% 25.40%
Hotel, Gaming and Leisure    
Schedule of Investments [Line Items]    
Total investments at fair value $ 55,991,000 $ 54,256,000
Percent of net assets 4.60% 4.50%
Investment Funds and Vehicles    
Schedule of Investments [Line Items]    
Total investments at fair value $ 110,694,000 $ 110,066,000
Percent of net assets 9.10% 9.20%
Media: Advertising, Printing and Publishing    
Schedule of Investments [Line Items]    
Total investments at fair value $ 38,931,000 $ 39,447,000
Percent of net assets 3.20% 3.30%
Media: Broadcasting and Subscription    
Schedule of Investments [Line Items]    
Total investments at fair value $ 13,060,000 $ 13,277,000
Percent of net assets 1.10% 1.10%
Media: Diversified and Production    
Schedule of Investments [Line Items]    
Total investments at fair value $ 65,449,000 $ 64,559,000
Percent of net assets 5.40% 5.40%
Metals and Mining    
Schedule of Investments [Line Items]    
Total investments at fair value $ 9,015,000 $ 8,993,000
Percent of net assets 0.70% 0.80%
Services: Business    
Schedule of Investments [Line Items]    
Total investments at fair value $ 366,291,000 $ 326,762,000
Percent of net assets 30.20% 27.30%
Services: Consumer    
Schedule of Investments [Line Items]    
Total investments at fair value $ 61,307,000 $ 61,409,000
Percent of net assets 5.10% 5.10%
Structured products    
Schedule of Investments [Line Items]    
Total investments at fair value $ 104,014,000 $ 102,922,000
Percent of net assets 8.60% 8.60%
Telecommunications    
Schedule of Investments [Line Items]    
Total investments at fair value $ 27,535,000 $ 27,565,000
Percent of net assets 2.30% 2.30%
Transportation: Cargo    
Schedule of Investments [Line Items]    
Total investments at fair value $ 88,075,000 $ 96,450,000
Percent of net assets 7.30% 8.10%
Transportation: Consumer    
Schedule of Investments [Line Items]    
Total investments at fair value $ 12,882,000 $ 11,951,000
Percent of net assets 1.10% 1.00%
Utilities: Electric    
Schedule of Investments [Line Items]    
Total investments at fair value $ 15,377,000 $ 22,696,000
Percent of net assets 1.30% 1.90%
Utilities: Oil and Gas    
Schedule of Investments [Line Items]    
Total investments at fair value $ 0 $ 4,655,000
Percent of net assets 0.00% 0.40%
Percentage of Total Portfolio, at Fair Value | Industry Concentration Risk    
Schedule of Investments [Line Items]    
Percentage of Total Portfolio 100.00% 100.00%
Percentage of Total Portfolio, at Fair Value | Industry Concentration Risk | Aerospace and Defense    
Schedule of Investments [Line Items]    
Percentage of Total Portfolio 5.50% 5.30%
Percentage of Total Portfolio, at Fair Value | Industry Concentration Risk | Automotive    
Schedule of Investments [Line Items]    
Percentage of Total Portfolio 2.90% 3.30%
Percentage of Total Portfolio, at Fair Value | Industry Concentration Risk | Banking, Finance, Insurance and Real Estate    
Schedule of Investments [Line Items]    
Percentage of Total Portfolio 16.10% 16.10%
Percentage of Total Portfolio, at Fair Value | Industry Concentration Risk | Beverage, Food and Tobacco    
Schedule of Investments [Line Items]    
Percentage of Total Portfolio 1.30% 0.90%
Percentage of Total Portfolio, at Fair Value | Industry Concentration Risk | Capital Equipment    
Schedule of Investments [Line Items]    
Percentage of Total Portfolio 5.40% 5.20%
Percentage of Total Portfolio, at Fair Value | Industry Concentration Risk | Chemicals, Plastics, and Rubber    
Schedule of Investments [Line Items]    
Percentage of Total Portfolio 1.60% 1.50%
Percentage of Total Portfolio, at Fair Value | Industry Concentration Risk | Construction and Building    
Schedule of Investments [Line Items]    
Percentage of Total Portfolio 1.20% 1.20%
Percentage of Total Portfolio, at Fair Value | Industry Concentration Risk | Consumer goods: Durable    
Schedule of Investments [Line Items]    
Percentage of Total Portfolio 2.00% 1.90%
Percentage of Total Portfolio, at Fair Value | Industry Concentration Risk | Consumer goods: Non-durable    
Schedule of Investments [Line Items]    
Percentage of Total Portfolio 1.40% 1.10%
Percentage of Total Portfolio, at Fair Value | Industry Concentration Risk | Containers, Packaging and Glass    
Schedule of Investments [Line Items]    
Percentage of Total Portfolio 1.50% 1.50%
Percentage of Total Portfolio, at Fair Value | Industry Concentration Risk | Energy: Electricity    
Schedule of Investments [Line Items]    
Percentage of Total Portfolio 1.20% 0.80%
Percentage of Total Portfolio, at Fair Value | Industry Concentration Risk | Energy: Oil and Gas    
Schedule of Investments [Line Items]    
Percentage of Total Portfolio 0.10% 0.10%
Percentage of Total Portfolio, at Fair Value | Industry Concentration Risk | Environmental Industries    
Schedule of Investments [Line Items]    
Percentage of Total Portfolio 2.00% 2.10%
Percentage of Total Portfolio, at Fair Value | Industry Concentration Risk | Healthcare and Pharmaceuticals    
Schedule of Investments [Line Items]    
Percentage of Total Portfolio 7.50% 8.70%
Percentage of Total Portfolio, at Fair Value | Industry Concentration Risk | High Tech Industries    
Schedule of Investments [Line Items]    
Percentage of Total Portfolio 12.00% 12.20%
Percentage of Total Portfolio, at Fair Value | Industry Concentration Risk | Hotel, Gaming and Leisure    
Schedule of Investments [Line Items]    
Percentage of Total Portfolio 2.20% 2.20%
Percentage of Total Portfolio, at Fair Value | Industry Concentration Risk | Investment Funds and Vehicles    
Schedule of Investments [Line Items]    
Percentage of Total Portfolio 4.40% 4.40%
Percentage of Total Portfolio, at Fair Value | Industry Concentration Risk | Media: Advertising, Printing and Publishing    
Schedule of Investments [Line Items]    
Percentage of Total Portfolio 1.50% 1.60%
Percentage of Total Portfolio, at Fair Value | Industry Concentration Risk | Media: Broadcasting and Subscription    
Schedule of Investments [Line Items]    
Percentage of Total Portfolio 0.50% 0.50%
Percentage of Total Portfolio, at Fair Value | Industry Concentration Risk | Media: Diversified and Production    
Schedule of Investments [Line Items]    
Percentage of Total Portfolio 2.60% 2.60%
Percentage of Total Portfolio, at Fair Value | Industry Concentration Risk | Metals and Mining    
Schedule of Investments [Line Items]    
Percentage of Total Portfolio 0.40% 0.40%
Percentage of Total Portfolio, at Fair Value | Industry Concentration Risk | Services: Business    
Schedule of Investments [Line Items]    
Percentage of Total Portfolio 14.50% 13.20%
Percentage of Total Portfolio, at Fair Value | Industry Concentration Risk | Services: Consumer    
Schedule of Investments [Line Items]    
Percentage of Total Portfolio 2.40% 2.50%
Percentage of Total Portfolio, at Fair Value | Industry Concentration Risk | Structured products    
Schedule of Investments [Line Items]    
Percentage of Total Portfolio 4.10% 4.10%
Percentage of Total Portfolio, at Fair Value | Industry Concentration Risk | Telecommunications    
Schedule of Investments [Line Items]    
Percentage of Total Portfolio 1.10% 1.10%
Percentage of Total Portfolio, at Fair Value | Industry Concentration Risk | Transportation: Cargo    
Schedule of Investments [Line Items]    
Percentage of Total Portfolio 3.50% 3.90%
Percentage of Total Portfolio, at Fair Value | Industry Concentration Risk | Transportation: Consumer    
Schedule of Investments [Line Items]    
Percentage of Total Portfolio 0.50% 0.50%
Percentage of Total Portfolio, at Fair Value | Industry Concentration Risk | Utilities: Electric    
Schedule of Investments [Line Items]    
Percentage of Total Portfolio 0.60% 0.90%
Percentage of Total Portfolio, at Fair Value | Industry Concentration Risk | Utilities: Oil and Gas    
Schedule of Investments [Line Items]    
Percentage of Total Portfolio 0.00% 0.20%
Percentage of Total Portfolio, at Fair Value | Investment Type Concentration Risk    
Schedule of Investments [Line Items]    
Percentage of Total Portfolio 100.00% 100.00%
Percentage of Total Portfolio, at Cost | Investment Type Concentration Risk    
Schedule of Investments [Line Items]    
Percentage of Total Portfolio 100.00% 100.00%
Senior debt and 1st lien notes    
Schedule of Investments [Line Items]    
Cost $ 1,699,117,000 $ 1,705,353,000
Total investments at fair value $ 1,658,742,000 $ 1,670,300,000
Percent of net assets 137.00% 140.00%
Senior debt and 1st lien notes | Percentage of Total Portfolio, at Fair Value | Investment Type Concentration Risk    
Schedule of Investments [Line Items]    
Percentage of Total Portfolio 66.00% 67.00%
Senior debt and 1st lien notes | Percentage of Total Portfolio, at Cost | Investment Type Concentration Risk    
Schedule of Investments [Line Items]    
Percentage of Total Portfolio 67.00% 67.00%
Subordinated debt and 2nd lien notes    
Schedule of Investments [Line Items]    
Cost $ 260,225,000 $ 256,850,000
Total investments at fair value $ 246,902,000 $ 238,215,000
Percent of net assets 21.00% 20.00%
Subordinated debt and 2nd lien notes | Percentage of Total Portfolio, at Fair Value | Investment Type Concentration Risk    
Schedule of Investments [Line Items]    
Percentage of Total Portfolio 10.00% 10.00%
Subordinated debt and 2nd lien notes | Percentage of Total Portfolio, at Cost | Investment Type Concentration Risk    
Schedule of Investments [Line Items]    
Percentage of Total Portfolio 10.00% 10.00%
Structured products    
Schedule of Investments [Line Items]    
Cost $ 105,043,000 $ 107,314,000
Total investments at fair value $ 95,131,000 $ 93,038,000
Percent of net assets 8.00% 8.00%
Structured products | Percentage of Total Portfolio, at Fair Value | Investment Type Concentration Risk    
Schedule of Investments [Line Items]    
Percentage of Total Portfolio 4.00% 4.00%
Structured products | Percentage of Total Portfolio, at Cost | Investment Type Concentration Risk    
Schedule of Investments [Line Items]    
Percentage of Total Portfolio 4.00% 4.00%
Equity shares    
Schedule of Investments [Line Items]    
Cost $ 343,533,000 $ 320,335,000
Total investments at fair value $ 413,482,000 $ 374,704,000
Percent of net assets 34.00% 31.00%
Equity shares | Percentage of Total Portfolio, at Fair Value | Investment Type Concentration Risk    
Schedule of Investments [Line Items]    
Percentage of Total Portfolio 16.00% 15.00%
Equity shares | Percentage of Total Portfolio, at Cost | Investment Type Concentration Risk    
Schedule of Investments [Line Items]    
Percentage of Total Portfolio 13.00% 13.00%
Equity warrants    
Schedule of Investments [Line Items]    
Cost $ 129,000 $ 76,000
Total investments at fair value $ 2,586,000 $ 2,392,000
Percent of net assets 0.00% 0.00%
Equity warrants | Percentage of Total Portfolio, at Fair Value | Investment Type Concentration Risk    
Schedule of Investments [Line Items]    
Percentage of Total Portfolio 0.00% 0.00%
Equity warrants | Percentage of Total Portfolio, at Cost | Investment Type Concentration Risk    
Schedule of Investments [Line Items]    
Percentage of Total Portfolio 0.00% 0.00%
Investment in joint ventures / PE fund    
Schedule of Investments [Line Items]    
Cost $ 143,252,000 $ 145,648,000
Total investments at fair value $ 110,694,000 $ 110,066,000
Percent of net assets 9.00% 9.00%
Investment in joint ventures / PE fund | Percentage of Total Portfolio, at Fair Value | Investment Type Concentration Risk    
Schedule of Investments [Line Items]    
Percentage of Total Portfolio 4.00% 4.00%
Investment in joint ventures / PE fund | Percentage of Total Portfolio, at Cost | Investment Type Concentration Risk    
Schedule of Investments [Line Items]    
Percentage of Total Portfolio 6.00% 6.00%
MVC Credit Support Agreement    
Schedule of Investments [Line Items]    
Forward currency contracts $ 2,450,000 $ 3,700,000
MVC Credit Support Agreement | Barings LLC    
Schedule of Investments [Line Items]    
Forward currency contracts 2,450,000 [2],[3],[4] 3,700,000 [5],[6],[7]
Notional Amount 23,000,000 [2],[3],[4] 23,000,000 [5],[6],[7]
Sierra Credit Support Agreement    
Schedule of Investments [Line Items]    
Forward currency contracts (9,000,000)  
Sierra Credit Support Agreement | Barings LLC    
Schedule of Investments [Line Items]    
Forward currency contracts (9,000,000) [8],[9],[10] (3,900,000) [11],[12],[13]
Notional Amount 100,000,000 [8],[9],[10] 100,000,000 [11],[12],[13]
MVC Private Equity Fund LP    
Schedule of Investments [Line Items]    
Cost 8,160,000 8,160,000
Total investments at fair value 511,000 1,005,000
Control investments    
Schedule of Investments [Line Items]    
Cost 103,553,000 103,163,000
Total investments at fair value $ 103,116,000 $ 90,920,000
Percent of net assets 8.50% 7.60%
Control investments | MVC Private Equity Fund LP    
Schedule of Investments [Line Items]    
Total investments at fair value $ 511,000 $ 1,005,000
February 21, 2019 | Line of Credit    
Schedule of Investments [Line Items]    
Commitment aggregate amount $ 1,065,000,000 $ 1,065,000,000
[1] Fair value as a percentage of net assets.
[2]
(a) The MVC Credit Support Agreement (as defined in “Note 2. Agreements and Related Party Transactions”) covers all of the investments acquired by Barings BDC, Inc. (the “Company”) from MVC Capital, Inc. (“MVC”) in connection with the MVC Acquisition (as defined in “Note 2. Agreements and Related Party Transactions”) and any investments received by the Company in connection with the restructuring, amendment, extension or other modification (including the issuance of new securities) of any of the investments acquired by the Company from MVC in connection with the MVC Acquisition (collectively, the “MVC Reference Portfolio”). Each investment that is included in the MVC Reference Portfolio is denoted in the above Schedule of Investments with footnote (28).
[3]
(b)      The Company and Barings LLC (“Barings” or the “Adviser”) entered into the MVC Credit Support Agreement pursuant to which Barings agreed to provide credit support to the Company in the amount of up to $23.0 million.
[4]
(c) Settlement Date means the earlier of (1) January 1, 2031 or (2) the date on which the entire MVC Reference Portfolio has been realized or written off.
[5] Settlement Date means the earlier of (1) January 1, 2031 or (2) the date on which the entire MVC Reference Portfolio has been realized or written off.
[6] The Company and Barings entered into the MVC Credit Support Agreement pursuant to which Barings agreed to provide credit support to the Company in the amount of up to $23.0 million.
[7] The MVC Credit Support Agreement covers all of the investments acquired by the Company from MVC in connection with the MVC Acquisition and any investments received by the Company in connection with the restructuring, amendment, extension or other modification (including the issuance of new securities) of any of the MVC Reference Portfolio. Each investment that is included in the MVC Reference Portfolio is denoted in the above Schedule of Investments with footnote (28).
[8]
(d) See “Note 2. Agreements and Related Party Transactions” for additional information regarding the Credit Support Agreements.
[9]
(e)     The Sierra Credit Support Agreement (as defined in “Note 2. Agreements and Related Party Transactions”) covers all of the investments acquired by the Company from Sierra Income Corporation (“Sierra”) in connection with the Sierra Merger (as defined in “Note 2. Agreements and Related Party Transactions”) and any investments received by the Company in connection with the restructuring, amendment, extension or other modification (including the issuance of new securities) of any of the investments acquired by the Company from Sierra in connection with the Sierra Merger (collectively, the “Sierra Reference Portfolio”). Each investment that is included in the Sierra Reference Portfolio is denoted in the above Schedule of Investments with footnote (29).
[10]
(f)      The Company and Barings entered into the Sierra Credit Support Agreement pursuant to which Barings agreed to provide credit support to the Company in the amount of up to $100.0 million.
[11] Settlement Date means the earlier of (1) April 1, 2032 or (2) the date on which the entire Sierra Reference Portfolio has been realized or written off.
[12] The Company and Barings entered into the Sierra Credit Support Agreement pursuant to which Barings agreed to provide credit support to the Company in the amount of up to $100.0 million.
[13] The Sierra Credit Support Agreement covers all of the investments acquired by the Company from Sierra in connection with the Sierra Merger and any investments received by the Company in connection with the restructuring, amendment, extension or other modification (including the issuance of new securities) of any of the Sierra Reference Portfolio. Each investment that is included in the Sierra Reference Portfolio is denoted in the above Schedule of Investments with footnote (29).