Gate News reports that on March 21, the investment firm Coatue Management, with an asset size of $70 billion, is preparing to launch a new fund focused on investing in both publicly traded and private artificial intelligence and technology innovation companies. The firm is managed by Philippe Laffont, and this move indicates a reevaluation of its traditional “long-only” investment strategy.
According to sources, the fund will adopt a “tilted cross-market” approach, investing in publicly traded companies as well as early-stage startups with growth potential, while maintaining the flexibility to sell holdings and hold cash when necessary. In contrast, traditional long-only funds typically need to stay nearly fully invested.
Sources also said that Coatue is closing its existing $8 billion long-only fund to new capital and will direct interested investors to this new fund. The new fund is expected to allocate about 20% of its capital to private companies and may be launched as early as mid-year. The company’s spokesperson declined to comment.
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