Coatue Management

Coatue Invest is a technology sector hedge fund that invests in public and private equity markets. It is led by Philippe Laffont, who founded the hedge fund after leaving Tiger Management in 1999 (as one of 32 "tiger cubs" [1]).[2] It is based in New York City, with a second office in Menlo Park, California.

From January 2001 through March 2016, it generated returns of 443%.[3] It managed $10.5 billion overall as of Dec. 31, 2015.[4]

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.[5] On May 1, 2013, it launched a new "long-only" fund (Coatue Long-Only Partners).[6]

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.[7] It raised over $543 million for its second hybrid fund by 2015.[5]

Some of its notable investments include Lyft, Box.com, jet.com, Uber, and Snapchat.[8]

References

  1. ↑ "Opalesque Exclusive: Julian Robertson reveals what makes a good hedge fund manager on Opalesque TV - Opalesque". Opalesque.com. Retrieved May 7, 2016.
  2. ↑ "Philippe Laffont,Founder & CEO - Coatue Management: Part I". Retrieved May 7, 2016.
  3. ↑ "Coatue Invest Manager Monday: Novus". Https:. Retrieved May 7, 2016.
  4. ↑ "Hedge fund spending $70M for these tech stock ideas". Cnbc.com. Retrieved May 7, 2016.
  5. 1 2 "Coatue Invest Raises $543M for Second PE Fund". Valuewalk.com. Retrieved May 7, 2016.
  6. ↑ "Laffont's Coatue Management Launches Long-Only Fund". Institutionalinvestorsalpha.com. Retrieved May 7, 2016.
  7. ↑ "Tech-Focused Hedge Fund to Return $2 Billion to Investors". The New York Times. April 8, 2014. Retrieved May 7, 2016.
  8. ↑ "Coatue Invest". Retrieved May 7, 2016.
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