Barings BDC

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Barings BDC, Inc. is a business development company that specializes in providing long-term debt and equity capital to middle-market companies. It was founded in 2014 and is headquartered in Charlotte, North Carolina. The company’s primary objective is to generate income and capital appreciation through investments in privately-held and publicly-traded companies.
Barings BDC is a subsidiary of Barings LLC, a global investment management firm with over $347 billion in assets under management. The company is listed on the New York Stock Exchange under the symbol "BBDC" and is regulated by the Securities and Exchange Commission (SEC).
Business Model
Barings BDC’s business model is based on providing capital to middle-market companies through a variety of debt and equity investments. The company focuses on direct lending to privately-held companies, which typically have annual revenues between $10 million and $100 million, and require financing for growth, acquisitions, or refinancing.
Barings BDC also invests in public companies that have high-yield bonds or bank debt outstanding, as well as in syndicated loans. This allows the company to diversify its portfolio and generate stable cash flows for its investors.
Investment Strategy
Barings BDC’s investment strategy is focused on achieving attractive risk-adjusted returns for its shareholders. The company seeks to achieve this through a combination of current income and capital appreciation by investing in a mix of senior and subordinated debt, first and second lien loans, mezzanine debt, as well as equity co-investments.
Barings BDC also employs a rigorous due diligence process to evaluate potential investments, including detailed analysis of the company’s financials, market position, management team, and growth prospects. The company’s experienced team of investment professionals uses their expertise and industry knowledge to identify attractive investment opportunities and manage risk.
Leadership and Management
Barings BDC is led by an experienced team of investment professionals with a track record of successful investments and strong relationships in the middle-market lending space. The company’s management team has an average of 20 years of experience and is supported by a dedicated team of 12 investment professionals.
Thomas M. Finke serves as the Chairman and Chief Executive Officer of Barings BDC, bringing over 30 years of experience in the investment management industry. The company’s investment team is led by James E. Simmons, who serves as the Chief Investment Officer, and is responsible for overseeing the company’s investment portfolio and strategy.
Conclusion
Barings BDC is a reputable and well-established business development company that offers investors exposure to middle-market companies through a diversified portfolio of debt and equity investments. The company’s experienced management team and rigorous investment process position it well to deliver attractive risk-adjusted returns for its shareholders over the long term.

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See Company Q&A