Coatue Management

Coatue is a global technology-focused investment manager led by Founder and Portfolio Manager Philippe Laffont.[3]

Coatue Management LLC
TypePrivate
IndustryInvestment management
Founded1999
FounderPhilippe Laffont
Thomas Laffont
HeadquartersSolow Building, 9 West 57th Street, New York City, New York, U.S.
AUM$48 billion (Q1 2021)[1]
Number of employees
157[2]
Websitewww.coatue.com

Coatue invests in both the public and private markets with a focus on technology, media, and telecommunications, as well as the consumer and healthcare sectors.

Coatue has offices in New York City, Menlo Park, California, San Francisco and Hong Kong.[4]

History

Philippe Laffont graduated from MIT in 1991 in Computer Science. He worked as an analyst for McKinsey & Company from 1992 to 1994 in Madrid, Spain. After working as an independent consultant, he joined Tiger Management LLC as a research analyst in 1996, focusing on telecommunications stocks.

In 1999, Laffont founded Coatue making him a member of the Tiger Cubs employees who founded their own hedge funds.[3][5] Coatue launched its first hedge fund in 1999 with $45 million in capital.[6] Coatue currently manages this fund in addition to Long Only and Hybrid Fund I (both launched in 2013), Private Fund II (2015), Kona III (2017), Early Stage Fund (2018), Growth Fund IV (2019), Opportunity Master Fund I (2020), and Transportation Fund (2020).[7][8][9][10][11] Thomas Laffont is the firm’s co-founder and leads Coatue’s private equity investing.[3]

Coatue's annual "East Meets West" conference features tech entrepreneurs from both the U.S. and China.[12]

Funds
Fund[13] Vintage Year Committed Capital ($m)
Coatue Private Fund I LP 2013 USD 300
Coatue Private Fund II LP 2015 USD 500
Coatue Kona III LP 2017 USD 1,300
Coatue Early Stage Fund LP 2019 USD 700
Coatue Growth Fund IV LP 2020 USD 3,500

Notable investments

Some of Coatue's notable investments include the following:[14]

References
  1. "FORM ADV" (PDF). SEC.gov.
  2. "Coatue Management LLC - NEW YORK , NY". investingreview.org. Retrieved November 6, 2019.
  3. "The Hedge Fund Manager Who Became A Billionaire From Tech". Forbes. May 3, 2018.
  4. "Coatue Offices". Coatue. September 15, 2020.
  5. Archived at Ghostarchive and the Wayback Machine: Billionaire Philippe Laffont Talks About Starting A Hedge Fund & General Investment. YouTube.
  6. "Hedge fund Coatue raises more than $500 mln for second PE fund". PE Hub. October 26, 2015.
  7. "Coatue Growth Fund IV LP Form D". SEC. October 26, 2015.
  8. "Scoop: Coatue raising $500 million for early-stage fund". Axios. November 27, 2018.
  9. "Coatue Raises $1.3 Billion for New Private Equity Fund". Institutional Investor. October 2, 2017.
  10. "Hedge fund Coatue raises more than $500 mln for second PE fund". Buyout Insider. October 26, 2015.
  11. "Laffont's Coatue Invest Launches Long-Only Fund". Institutionalinvestorsalpha.com. Retrieved May 7, 2016.
  12. "In Ambitious Gamble, Hedge Fund Coatue Launches $700 Million Early-Stage Venture Fund". The Information. August 1, 2019.
  13. "Coatue Management | Palico". www.palico.com. Retrieved May 22, 2021.
  14. "Cobalt Robotics raises $35 million for security robots that patrol offices, warehouses, and parking lots". VentureBeat. June 25, 2019. Retrieved April 28, 2020.
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