Coatue Management

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Coatue Management LLC
Private
IndustryInvestment management
Founded1999
FounderPhilippe Laffont
HeadquartersNew York City, New York, U.S.
ProductsHedge funds
Total assets$20.98 billion[1]
Number of employees
120[2]
Websitewww.coatue.com

Coatue is a technology sector hedge fund that invests in public and private equity markets. It is led by Chief Investment Officer Philippe Laffont, who founded the hedge fund after leaving Tiger Management in 1999 (as one of 32 "tiger cubs" [3]).[4] It is based in New York City, with further offices in Menlo Park, California, San Francisco and Hong Kong. [5]

From January 2001 through March 2016, it generated returns of 443%.[6] It managed $15 billion overall as of Jan. 1, 2018.[7]

On February 1, 2013, it launched a new hybrid fund (Coatue Hybrid Fund 1) to focus on high-growth pre-IPO startups, raising over $300 million.[8] On May 1, 2013, it launched a new "long-only" fund (Coatue Long-Only Partners).[9]

In 2014, it announced plans to raise money for a second hybrid fund (Coatue Hybrid Fund II) that deals with venture capital investments in new technology companies.[10] It raised over $543 million for its second hybrid fund by 2015.[8]

Some of its notable investments include Lyft, Box.com, jet.com, Uber, Cobalt Robotics and Snapchat.[11][12]

References[edit]

  1. ^ "COATUE MANAGEMENT LLC Form ADV Details as of 2019-08-05". whalewisdom.com. Retrieved 2019-11-06.
  2. ^ "Coatue Management LLC - NEW YORK , NY". investingreview.org. Retrieved 2019-11-06.
  3. ^ "Opalesque Exclusive: Julian Robertson reveals what makes a good hedge fund manager on Opalesque TV - Opalesque". Opalesque.com. Retrieved May 7, 2016.
  4. ^ "Philippe Laffont,Founder & CEO - Coatue Invest: Part I". Retrieved May 7, 2016.
  5. ^ "Offices".
  6. ^ "Coatue Invest Manager Monday: Novus". Https. Retrieved May 7, 2016.
  7. ^ "Hedge fund spending $70M for these tech stock ideas". Cnbc.com. 2015-06-16. Retrieved May 7, 2016.
  8. ^ a b "Coatue Invest Raises $543M for Second PE Fund". Valuewalk.com. Retrieved May 7, 2016.
  9. ^ "Laffont's Coatue Invest Launches Long-Only Fund". Institutionalinvestorsalpha.com. Retrieved May 7, 2016.
  10. ^ "Tech-Focused Hedge Fund to Return $2 Billion to Investors". The New York Times. April 8, 2014. Retrieved May 7, 2016.
  11. ^ "Coatue Invest". Retrieved May 7, 2016.
  12. ^ "Cobalt Robotics raises $35 million for security robots that patrol offices, warehouses, and parking lots". VentureBeat. 2019-06-25. Retrieved 2020-04-28.