Securities and Exchange Commission (SEC) Forms 3, Form 4 and Form 5 and
Application for
EDGAR Access (Form ID) Confirmation of Authority to Sign

With respect to any closed end investment company or business development
company for which
Barings, LLC or any of its subsidiaries, now or hereafter serves as investment
adviser, and for which
the undersigned is deemed to be an Insider under Section 16(a) of the Securities
  Exchange Act of
1934, the undersigned, hereby appoints and designates Bridget Orlando, Jessica
Restivo, Latavea
Cross, Melissa Cliver, Michael Cowart, and Melissa LaGrant each as a true and
lawful attorney-in-
fact with full power to:
(1)	Prepare, and execute in the undersigned's name and on the undersigned's
behalf, the Form ID
application or any other documents necessary or appropriate to obtain EDGAR
access codes
enabling the undersigned to make electronic filings with the SEC of reports
required by Section
16(a) of the Securities Exchange Act of 1934 or any rule or regulation of the
SEC.

(2)	Sign on the undersigned behalf and file with the Securities and Exchange
Commission and New
York Stock Exchange, any applicable Form 3 - Initial Statement of Beneficial
Ownership of
Securities, Form 4 - Statement of Changes in Beneficial Ownership or Form 5 -
Annual
Statement of Beneficial Ownership of Securities with respect to shares purchased
  or sold by the
undersigned or any other change of beneficial ownership required to be reported
by the
undersigned.

This Power of Attorney shall remain in full force and effect until the
undersigned is no longer required
to file Forms 3, 4 and 5 with respect to the undersigned's holdings of and
transactions in any
securities issued by a closed end investment company or business development
company for which
Barings LLC or subsidiary serves as investment adviser, unless revoked by the
undersigned in
writing and delivered to the attorneys-in-fact.  Notwithstanding the foregoing,
if any such attorney-in-
fact hereafter ceases to be an employee of Barings LLC, this Power of Attorney
shall be
automatically revoked solely as to such individual, immediately upon such
cessation, without any
further action on the part of the undersigned.

Signature:        _____________________________________________________________

Name: 	 Valerie Lancaster-Beal
Title:     Director, Baring BDC, Inc.
Date: 	 February 10, 2022