Pacific Investment Management Company (Pimco) purchased the complete $400 million bond offering issued by Blue Owl BDC, according to reports.

The transaction represents a significant single-buyer acquisition in the business development company bond market. Blue Owl BDC is a business development company that typically provides financing to middle-market companies.

Pimco, one of the world's largest fixed-income investment managers, acquired all securities in the offering rather than the bonds being distributed among multiple institutional investors, which is more common for offerings of this size.

The specific terms of the bonds, including maturity dates and interest rates, were not immediately disclosed in available reports.