Barings BDC, Inc. (NYSE:BBDC) Q1 2024 Earnings Conference Call May 8, 2024 9:00 AM ET
Company Participants
Joe Mazzoli - Head of Investor Relations
Eric Lloyd - Chief Executive Officer
Matt Freund - President
Elizabeth Murray - Chief Financial Officer
Bryan High - Head of Global Private Finance, and Portfolio Manager
Conference Call Participants
Finian O'Shea - Wells Fargo
Kyle Joseph - Jefferies
Robert Dodd - Raymond James
Operator
At this time, I would like to welcome everyone to the Barings BDC, Inc. Conference Call for the Quarter-Ended and Year-End March 31, 2024. All participants are in a listen-only mode. A question-and-answer session will follow the company's formal remarks. [Operator Instructions] Today's call is being recorded, and a replay will be available approximately two hours after the conclusion of the call on the company's website at www.baringsbdc.com under the Investor Relations section.
At this time, I will turn the call over to Joe Mazzoli, Head of Investor Relations for Barings BDC.
Joe Mazzoli
Good morning, and thank you for joining today's call. Please note that 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 these projected in forward-looking statements.
These statements are based on various underlying assumptions, and are subject to numerous uncertainties and risks, including those disclosed under the sections titled Risk Factors and Forward-Looking Statements in the company's annual report on Form 10-Q for the quarter ended March 31, 2024, 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.
I'll now turn the call over to Eric Lloyd, Chief Executive Officer of Barings BDC.
Eric Lloyd
Thanks, Joe, and good morning, everyone. We appreciate you joining us for today's call. Please note that throughout today's call, we'll be referring to our first quarter 2024 earnings presentation that's posted on the Investor Relations section of our website.
On the call today, I'm joined by Barings BDC's President, Matt Freund; Chief Financial Officer, Elizabeth Murray; and Barings' Head of Global Private Financial and BBDC Portfolio Manager, Bryan High.
We are happy to be in a position to share a variety of positive performance metrics at BBDC for the March quarter, but I will also spend a moment speaking of some of the developments at our manager, Barings LLC, have occurred during the quarter. First, let me begin with BBDC's performance. BBDC exhibited stability and strong operating results during the quarter ended March 31. Our focus on the top of the capital structure investments and sponsor-backed issuers continues to serve investors well. Our portfolio is predominately sponsor-backed, and is complemented by a selection of non-sponsored and platform investments.