Company type | Private |
---|---|
Industry | Investment management |
Founded | 1999 |
Founder | Philippe Laffont Thomas Laffont |
Headquarters | Solow Building, 9 West 57th Street, New York City, New York, U.S. |
AUM | $70 billion (Q1 2022) [1] |
Number of employees | 157 [2] |
Website | www |
Coatue is an American technology-focused investment manager led by founder and portfolio manager Philippe Laffont. [3] Coatue invests in public and private markets with a focus on technology, media, telecommunications, and the consumer and healthcare sectors. Coatue has offices in New York City, Menlo Park, California, London, Shanghai and Hong Kong. [4]
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 $45 million in capital. [6] Coatue manages this fund in addition to others. [7] [8] [9] [10] [11] Thomas Laffont is the firm’s co-founder and leads Coatue’s private equity investing. [3]
Coatue's annual "East Meets West" conference features tech entrepreneurs from the U.S. and China. [12]
Fund [13] | Vintage Year | Committed Capital ($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 |
Some of Coatue's notable investments include the following: [14]
A hedge fund is a pooled investment fund that holds liquid assets and that makes use of complex trading and risk management techniques to improve investment performance and insulate returns from market risk. Among these portfolio techniques are short selling and the use of leverage and derivative instruments. In the United States, financial regulations require that hedge funds be marketed only to institutional investors and high-net-worth individuals.
In the field of finance, private equity (PE) is capital stock in a private company that does not offer stock to the general public. 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.
A "fund of funds" (FOF) is an investment strategy of holding a portfolio of other investment funds rather than investing directly in stocks, bonds or other securities. This type of investing is often referred to as multi-manager investment. A fund of funds may be "fettered", meaning that it invests only in funds managed by the same investment company, or "unfettered", meaning that it can invest in external funds run by other managers.
In finance, the private-equity secondary market refers to the buying and selling of pre-existing investor commitments to private-equity and other alternative investment funds. Given the absence of established trading markets for these interests, the transfer of interests in private-equity funds as well as hedge funds can be more complex and labor-intensive.
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