Coatue Management
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. It is based in New York City, with further offices in Menlo Park, California, San Francisco and Hong Kong.
From January 2001 through March 2016, it generated returns of 443%. It managed $15 billion overall as of Jan. 1, 2018.
On February 1, 2013, it launched a new hybrid fund to focus on high-growth pre-IPO startups, raising over $300 million. On May 1, 2013, it launched a new "long-only" fund.
In 2014, it announced plans to raise money for a second hybrid fund that deals with venture capital investments in new technology companies. It raised over $543 million for its second hybrid fund by 2015.
Some of its notable investments include Lyft, Box.com, jet.com, Uber, Cobalt Robotics and Snapchat.
