Barings BDC, Inc. is a business development company specializing in private equity and mezzanine investments. The firm seeks to invest in small and mid-sized companies. It primarily invests in companies operating across a wide range of sectors such as aerospace and defense, business services, consumer and retail, energy and power, healthcare, information technology, manufacturing and industrial, media and communications, and transportation. The firm was formerly known as Triangle Capital Corporation and changed its name to Barings BDC, Inc. in March 2019. Barings BDC, Inc. was founded in 2002 and is based in Charlotte, North Carolina.