Blue Owl Capital Corp., a major alternative asset management firm, is planning to issue $500 million in bonds as the company faces redemption pressures from investors in its funds, according to a Bloomberg report.

The bond sale comes at a time when the firm is experiencing outflows from investors seeking to withdraw their capital from Blue Owl's investment vehicles. The redemption requests have put pressure on the company's liquidity position, prompting the need for additional financing.

Blue Owl, which went public through a merger with a special purpose acquisition company in 2021, manages billions in assets across credit and real estate investment strategies. The firm has grown rapidly through acquisitions and fundraising in recent years.

The planned bond issuance represents the company's effort to maintain adequate capital levels while managing investor redemptions. Alternative asset managers have faced increased scrutiny from investors amid market volatility and concerns about valuations in private markets.

Details about the timing and specific terms of the bond offering were not immediately available. Blue Owl has not publicly commented on the reported financing plans.