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Coatue Management

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Coatue Management LLC
Company typePrivate
IndustryInvestment management
Founded1999
FounderPhilippe Laffont
Thomas Laffont
HeadquartersSolow Building, 9 West 57th Street, New York City, New York, U.S.
AUMIncrease$70 billion (Q1 2022)[1]
Number of employees
157[2]
Websitewww.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]

History

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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

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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

Investments

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

References

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