Coatue preps private equity fund
By Lawrence Delevingne
Fri Oct 19, 2012
Up big on tech bets, Philippe Laffont's firm will also wager more of the main fund's money on non-public companies.
||Thomas Laffont (Photo:
Citing a changed technology investment environment, Philippe
Laffont's $6.2 billion Coatue Management is preparing to launch
a dedicated private equity fund to invest in technology
companies, while also increasing his flagship fund's
allocations to the sector.
The new Coatue Private Fund will launch January 1 with an
estimated $250 million, according to a letter sent to
investors October 15. The main Coatue Qualified Partners Fund
will also increase its limit on allocations to private
companies from 5% to 10% starting in January 2014. The flagship
fund had not made investments in private companies despite
having had the option to do so, according to the investor
"Our decision to invest in private companies is not really a
departure but rather a reflection that the technology investing
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