There is no direct equivalent command that I know but here are couple of methods that can take you very close.
1. Use the Coordinate Dimension command, pick the circle center and then change the value to 500:
2. Use the regular linear (Smart) dimension command and set the Terminator Type to Blank + Check Off Show Dimension Line:
The second method more closely resembles the image you have shared.
Hi there @Thomas_Roman,
Further to @Tushar's great options....you can do this, using the coordinate dimensioning command, but, hold the ALT key to place the "alternate" location annotation point, like my image below. [set up a style, to have the leader & arrows, as desired]
Design Manager Streetscape Ltd
Solid Edge ST10 [MP5] Classic [x2 seats]
Windows 10 - Quadro P2000