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 1989 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 European 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

A hedge fund is a pooled investment fund that holds liquid assets and that makes use of complex trading and risk management techniques to aim 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.

<span class="mw-page-title-main">D. E. Shaw & Co.</span> U.S.-based investment management firm

D. E. Shaw & Co., L.P. is a multinational investment management firm founded in 1988 by David E. Shaw and based in New York City. The company is known for developing complicated mathematical models and computer programs to exploit anomalies in financial markets. As of December 1, 2024, D. E. Shaw has $70 billion in assets under management, including alternative investments and long strategies.

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.

Tiger Management Corp. is an American hedge fund and family office founded by Julian Robertson. The fund began investing in 1980 and wound down in March 2000-01. It continues to operate in direct public equity investments and seeding new investment funds. It is colloquially known as the "Tiger Fund", with its alumni commonly referred to as "tiger cubs".

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.

Thomas H. Lee Partners, L.P. is an American private equity firm headquartered in Boston. The firm focuses on investing in middle market growth companies across various sectors, including financial technology, services, healthcare, technology, and business solutions.

<span class="mw-page-title-main">History of private equity and venture capital</span>

The history of private equity, venture capital, and the development of these asset classes has occurred through a series of boom-and-bust cycles since the middle of the 20th century. Within the broader private equity industry, two distinct sub-industries, leveraged buyouts and venture capital experienced growth along parallel, although interrelated tracks.

Avenue Capital Group is an American multinational investment firm focusing on distressed securities and private equity with regional teams focusing on opportunities in the United States, Europe and Asia. The firm operates as both a private equity firm and as a hedge fund. Avenue's core strategy is focused on distressed debt and equity securities although the firm also manages investment funds that focus on long-short opportunities, real estate, and collateralized debt obligations. The firm manages assets valued at approximately $9.5 billion. The firm was founded by former professionals of Amroc Investments, an affiliate of the Robert M. Bass Group.

<span class="mw-page-title-main">Blue Ridge Capital</span>

Blue Ridge Capital was an American hedge fund founded in 1996 by John Griffin, a "Tiger Cub", which invested globally.

Thuzio is a sports media and events company that produces a weekly, live-sports interview show for a members-only audience.

David E. Goel is an American hedge fund manager. Goel is the managing general partner of Matrix Capital Management, which he co-founded with pioneering investor Paul Ferri in 1999. Goel is also a protégé of hedge fund manager Julian Robertson.

<span class="mw-page-title-main">Viking Global Investors</span> American hedge fund firm

Viking Global Investors is an American-based hedge fund based in Greenwich, Connecticut, which specialises in long/short equity investing and private equity.

<span class="mw-page-title-main">Idinvest Partners</span>

Idinvest Partners, founded under the name AGF Private Equity, S.A in 1997, is a European private equity and venture capital firm. Operating as part of Allianz until 2010, Idinvest Partners then became independent. Idinvest Partners is based in Paris, France and has further offices in Frankfurt (Germany), Dubai, Madrid, Spain and Shanghai, China.

<span class="mw-page-title-main">MBK Partners</span> South Korean private equity firm

MBK Partners (MBKP) is a private equity firm focused on North Asia. According to Forbes, MBK Partners is one of the largest private equity firms in Asia.

<span class="mw-page-title-main">Tiger Global Management</span> American investment firm

Tiger Global Management, LLC is an American investment firm founded by Chase Coleman III, a former Tiger Management employee under Julian Robertson, in March 2001. It mainly focuses on internet, software, consumer, and financial technology companies.

Dymon Asia is an Asia-focused investment management firm based in Singapore. It is considered one of the largest hedge funds in Singapore and Asia.

Summit Partners is an American investment firm based in Boston, Massachusetts. The firm focuses on investing in technology, healthcare, life sciences and other growth industries.

Altimeter Capital is an American investment firm based in Boston, Massachusetts and Menlo Park, California. The firm focuses on technology investments in both public and private markets globally.

<span class="mw-page-title-main">Balyasny Asset Management</span> American investment management firm

Balyasny Asset Management is an American investment management firm headquartered in Chicago. Outside the U.S., it has additional offices in Canada, London and Asia.

<span class="mw-page-title-main">Tybourne Capital Management</span> Hong Kong investment firm

Tybourne Capital Management (Tybourne) is a growth investment firm based in Hong Kong with an additional office in San Francisco. The firm makes investments in both public and private markets globally.

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.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.