About This Fund
Fidelity Credit Opportunities Fund II LP is a long-only opportunistic credit vehicle managed by Fidelity Investments, which closed on July 15, 2025, raising about $729 million—well above its $500 million target, more than doubling its 2020 predecessor’s size.
The fund focuses on the U.S. publicly traded secondary corporate credit market, investing in stressed, distressed, and restructured debt or equity instruments—mirroring a strategy that delivered top-quartile performance in its predecessor.
Co-managed by investment veterans Harley Lank, Nate Van Duzer, and Bill Wall, the fund leverages Fidelity’s deep special situations platform and extensive research and trading capabilities to identify and execute on high-potential credit opportunities.