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Primary Source · SEC.gov

Fidelity Evergreen Private Credit Rated Fund LP

Fund Vehicle2024 vintage506(b), 3(c)
Latest signalNew Form D filerForm D · 2024-06-052 events: 1 new form d filer, 1 large raiseLast filing 2024-06-05

Raised

$215M

Investors

9

Min Invest

$20,000,000

AltStreet Analysis

·

Generated from EDGAR primary sources

Fidelity Evergreen Private Credit Rated Fund LP is a Delaware limited partnership that filed under Rule 506(b) and Section 3(c) exemptions on June 5, 2024. The fund raised $215.0 million from 9 investors with a $20.0 million minimum investment. The vehicle is managed by Fidelity and invests in debt securities as a pooled investment fund focused on private credit.

This private credit fund operates at the high end of institutional minimums ($20M) and uses the 506(b) exemption typical of large manager-led credit vehicles targeting accredited institutional investors. The $23.9M average check size and small investor count are consistent with an institutional limited partnership structure in the rated private credit space.

Data Flags

first_sale_dateFirst sale date not disclosed in original filing for a fund that has already raised $215M from 9 investors
related_personsOne related person entry shows 'N/A' as a name for Fidelity Evergreen Private Credit Fund GP LLC, indicating possible data quality issue in original filing

EDGAR Filing Data

Form D — Primary Source

View on SEC.gov
CIK Number0002025779
Entity NameFidelity Evergreen Private Credit Rated Fund LP
ExemptionRule 506(b), Section 3(c), Section 3(c)(7)
What the exemption meansRule 506(b) of Regulation D: securities may be sold to an unlimited number of accredited investors and up to 35 non-accredited investors who meet the rule's sophistication standard, without general solicitation or advertising. Section 3(c) of the Investment Company Act of 1940: the issuer is a pooled investment vehicle relying on an exclusion from registration as an investment company. Section 3(c)(7) of the Investment Company Act: the fund is excluded from investment-company registration because every investor is a qualified purchaser, generally an individual with at least $5 million in investments or an institution with at least $25 million.
Entity TypeLimited Partnership
Jurisdiction of OrganizationDelaware
Issuer Address245 Summer Street, Boston, MA 02210
Phone(617) 563-7000
Industry / Fund TypePooled Investment Fund · Hedge Fund
Investment Company ActExcluded under Section 3(c)(7) (qualified purchasers only)
Securities TypeDebt, Pooled Investment Fund
First Sale Date—
Filing DateJune 5, 2024
Accession Number0002025779-24-000001
Total Offering Amount$365,000,000
Total Amount Sold$215,000,000
Amount Remaining$150,000,000
Total Investors9
Non-Accredited InvestorsNone
Minimum Investment$20,000,000
Offering DurationOne year or less
Sales Commissions$0 (to Fidelity Brokerage Services LLC and 1 other)
Finders' Fees$0
Net Asset Value RangeOver $100,000,000
State (Issuer Address)MA
Amendment CountOriginal filing only

Filings on Record

Every filing AltStreet's ledger holds for this CIK, newest first. Each opens the SEC archive folder.

DJune 5, 2024

In the Terminal

Filing events

2

latest Jun 5, 2024

Critical / warning

0 / 0

2 watch · 0 info

Statements extracted

0

none on file

NAV prints

0

none on file

Offering chains

1

lapsed

Latest event New filer · Jun 5, 2024

SEC.gov
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Investor

  • 2 filing events with values and deltas, latest 2024-06-05, and alerts on the next one
  • 1 offering timeline: velocity, share raised, first-sale lag, stalled flags

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Related Persons (Form D)

Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.

Harley Lank

Executive Officer, Director · Boston, MA

N/A Fidelity Evergreen Private Credit Fund GP LLC

Executive Officer · Boston, MA

Heather Bonner

Executive Officer · Boston, MA

Christopher Quinlan

Executive Officer · Boston, MA

Casey Condron

Executive Officer · Smithfield, RI

Thomas Vercillo

Executive Officer · Boston, MA

Joseph Benedetti

Executive Officer · Jersey City, NJ

Placement Agents and Sales Compensation (Form D)

Who the issuer reported paying to sell the securities (Form D Item 12), with the FINRA registration number the filer gave. Source: SEC.gov.

Fidelity Brokerage Services LLCCRD 7784 on BrokerCheck

Associated broker-dealer: None · Smithfield, RI · Soliciting in all states

Fidelity Distributors Company LLCCRD 17507 on BrokerCheck

Associated broker-dealer: None · Smithfield, RI · Soliciting in all states

Questions About Fidelity Evergreen Private Credit Rated Fund LP

Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.

What is Fidelity Evergreen Private Credit Rated Fund LP?

Fidelity Evergreen Private Credit Rated Fund LP is a Delaware limited partnership that filed a Form D with the SEC on June 5, 2024 as a hedge fund. The filing claims Rule 506(b), Section 3(c), Section 3(c)(7) for an offering of debt and pooled investment fund interests. AltStreet links the issuer to Fidelity Evergreen Private Credit Rated Fund LP.

Is Fidelity Evergreen Private Credit Rated Fund LP legit?

AltStreet does not rate legitimacy; it reports the public record. Fidelity Evergreen Private Credit Rated Fund LP filed a Form D with the SEC on June 5, 2024 claiming Rule 506(b), Section 3(c), Section 3(c)(7). A Form D is a notice of an exempt offering, not a review or approval of it. The newest notice reports $215,000,000 sold to 9 investors. AltStreet's enforcement record (SEC, FINRA and state actions) shows no action naming the issuer as of today. The issuer is linked to Fidelity Evergreen Private Credit Rated Fund LP, which AltStreet has reviewed. Before investing, confirm the filing on EDGAR, check the seller's registration on FINRA BrokerCheck, and read the offering documents, which a Form D does not include.

Is Fidelity Evergreen Private Credit Rated Fund LP registered with or approved by the SEC?

No. A Form D is a notice that an issuer is selling securities under an exemption from registration, and the SEC does not review, approve, or pass on the merits of the offering. The filing shows that Fidelity Evergreen Private Credit Rated Fund LP claimed Rule 506(b), Section 3(c), Section 3(c)(7) and disclosed the items the form requires, such as the amount sold, the minimum investment, related persons, and anyone paid to sell the securities. It does not verify the issuer's claims or its business.

How much has Fidelity Evergreen Private Credit Rated Fund LP raised?

Fidelity Evergreen Private Credit Rated Fund LP reported $215,000,000 sold from 9 investors of a $365,000,000 total offering as of the Form D filed June 5, 2024.

Who can invest in Fidelity Evergreen Private Credit Rated Fund LP?

The offering relies on Rule 506(b), which permits sales to accredited investors and to no more than 35 non-accredited investors who meet a sophistication standard, and prohibits general solicitation. Because the fund also relies on Section 3(c)(7), each investor must be a qualified purchaser, generally an individual with at least $5 million in investments. The filing reports no non-accredited investors. The minimum investment accepted from an outside investor is $20,000,000.

What is the minimum investment in Fidelity Evergreen Private Credit Rated Fund LP?

The Form D lists $20,000,000 as the minimum investment accepted from any outside investor as of June 5, 2024. Issuers can waive their own minimums, and the figure does not include fees.

Who is selling Fidelity Evergreen Private Credit Rated Fund LP and how are they paid?

The Form D names Fidelity Brokerage Services LLC (CRD 7784), associated with None; Fidelity Distributors Company LLC (CRD 17507), associated with None as recipients of sales compensation soliciting in all states. Sales commissions are reported as $0 and finders' fees as $0. Form D allows these to be estimates.

Who is behind Fidelity Evergreen Private Credit Rated Fund LP?

The Form D lists 7 related persons: Harley Lank, executive officer, director (President of Fidelity Evergreen Private Credit Fund GP LLC, the general partner); Fidelity Evergreen Private Credit Fund GP LLC, executive officer (General Partner); Heather Bonner, executive officer (Director of Fidelity Evergreen Private Credit Fund GP LLC, the general partner); Christopher Quinlan, executive officer (Director of Fidelity Evergreen Private Credit Fund GP LLC, the general partner); Casey Condron, executive officer (Senior Vice President of Fidelity Evergreen Private Credit Fund GP LLC, the general partner); Thomas Vercillo, executive officer (Treasurer of Fidelity Evergreen Private Credit Fund GP LLC, the general partner); Joseph Benedetti, executive officer (Secretary of Fidelity Evergreen Private Credit Fund GP LLC, the general partner). Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.

Where is Fidelity Evergreen Private Credit Rated Fund LP located?

The issuer's address on its SEC filings is 245 Summer Street, Boston, MA 02210. Its phone number of record is 617-563-7000. It is organized under the laws of Delaware.

How long is the Fidelity Evergreen Private Credit Rated Fund LP offering open?

The issuer indicated that the offering is not intended to last more than one year. An issuer must amend its Form D annually while a continuing offering stays open, and no amendment is on record yet.

How large is Fidelity Evergreen Private Credit Rated Fund LP?

The Form D reports an aggregate net asset value range of Over $100,000,000.

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Data Methodology

Capital raise figures, investor counts, and filing dates are sourced directly from SEC EDGAR Form D primary documents via the SEC EDGAR submissions API and full-text search index. EDGAR entity profiles and deal-level data are reviewed by AltStreet analysts with backgrounds in corporate finance and securities law — cross-referenced against offering circulars, audited financial statements, and primary regulatory filings before publication. Platform-provided information, where present, is clearly labeled and does not affect EDGAR data or AltStreet editorial coverage. Platforms may request factual corrections for demonstrable inaccuracies by contacting [email protected]. This page does not constitute investment advice.