Barings BDC, Inc. (NYSE:BBDC) Q1 2022 Results Conference Call May 6, 2022 9:00 AM ET
Company Participants
Eric Lloyd - CEO
Ian Fowler - President and Co-Head of Global Private Finance
Bryan High - Head, U.S. Special Situations and Co-Portfolio Manager
Jonathan Bock - CFO
Conference Call Participants
Casey Alexander - Compass Point
Paul Johnson - KBW
Robert Dodd - Raymond James
Operator
At this time, I would like to welcome everyone to Barings BDC, Inc. Conference Call for the quarter and year ending March 31, 2022. [Operator Instructions]
Today’s call is being recorded, and a replay will be available approximately 2 hours after the conclusion of the call on the company’s website at www.baringsbdc.com under the Investor Relations section.
Please note this call may contain forward-looking statements that include statements regarding the company’s goals, beliefs, strategies, future operating results and cash flows. Although the company believes these statements are reasonable, actual results could differ materially from those projected in the forward-looking statements. These statements are based on various underlying assumptions and are subject to numerous uncertainties and risks, including those disclosed under the section titled Risk Factors and Forward-Looking Statements in the company’s annual report Form 10-K for the fiscal year ended December 31, 2021, as filed with the Securities and Exchange Commission. Barings BDC undertakes no obligation to update or revise any forward-looking statements unless required by law.
At this time, I would like to turn the call over to Eric Lloyd, Chief Executive Officer of Barings BDC. Please go ahead, sir.
Eric Lloyd
Thank you, operator, and good morning, everyone. We appreciate you joining us for today’s call, and I hope you and your families are doing well. Please note that throughout today’s call, we’ll be referring to our first quarter 2022 earnings presentation that is posted on the Investor Relations section of our website.
On the call today, I’m joined by Barings BDC’s President and Co-Head of Global Private Finance, Ian Fowler; Bryan High, Barings’ Head of U.S. Special Situations and Co-Portfolio Manager; and the BDC’s Chief Financial Officer, Jonathan Bock. As we typically do, Ian, Bryan and Jon will review details of our portfolio and fourth quarter results in a moment, but I’ll start off with some high-level comments about the quarter.
After a record 2021, we carried that momentum into the first quarter of 2022 with strong net portfolio growth and expanded equity capital base following the close of the Sierra acquisition and strong performance from our direct lending and cross-platform investment strategies.