Coatue Management

Last updated

Coatue Management LLC
Company type Private
Industry Investment management
Founded1999
FounderPhilippe Laffont
Thomas Laffont
HeadquartersSolow Building, 9 West 57th Street, New York City, New York, U.S.
AUM Increase2.svg$70 billion (Q1 2022) [1]
Number of employees
157 [2]
Website www.coatue.com

Coatue is an American technology-focused investment management firm led by founder and portfolio manager Philippe Laffont. [3] Coatue invests in both public and private markets, with a focus on technology, media, telecommunications, as well as the consumer and healthcare sectors. Coatue has a global presence with offices located in New York City, Menlo Park, California, London, Shanghai and Hong Kong. [4]

Contents

History

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

In 1999, Laffont founded Coatue, becoming a member of the Tiger Cubs - former employees of Tiger management who founded their own hedge funds. [3] [5] Coatue launched its first hedge fund in 1999 with $45 million in capital. [6] Today, Coatue manages this fund in addition to others. [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 the U.S. and China. [12]

Funds

Fund [13] Vintage YearCommitted Capital ($m)
Coatue Private Fund I LP2013USD 300
Coatue Private Fund II LP2015USD 500
Coatue Kona III LP2017USD 1,300
Coatue Early Stage Fund LP2019USD 700
Coatue Growth Fund IV LP2020USD 3,500

Investments

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

Related Research Articles

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Private equity (PE) is capital stock in a private company that does not offer stock to the general public. In the field of finance, private equity is offered instead to specialized investment funds and limited partnerships that take an active role in the management and structuring of the companies. In casual usage, "private equity" can refer to these investment firms rather than the companies that they invest in.

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References

  1. ↑ "FORM ADV" (PDF). SEC.gov.
  2. ↑ "Coatue Management LLC - NEW YORK , NY". investingreview.org. Retrieved November 6, 2019.
  3. 1 2 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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