BlockBeats news, on March 21, according to Bloomberg, Coatue Management, a $70 billion investment firm managed by Philippe Laffont, is preparing to launch a new fund focused on investing in both public and private artificial intelligence and technology innovation companies. This move indicates that the firm is reassessing its traditional "long-only" investment strategy as more startups delay their public listings.
According to insiders, the fund will adopt a "bullish cross-market" strategy, investing in publicly traded companies as well as late-stage growth startups, while maintaining the flexibility to sell positions and hold cash when necessary. In contrast, traditional long-only funds typically require maintaining nearly full exposure.
A person familiar with the matter said the company is closing its existing $8 billion long-only fund to new investments and directing interested investors to the new fund. Due to the sensitive nature of the information, the individuals requested anonymity. The new fund is expected to allocate approximately 20% of its assets to private companies and could launch as early as midyear. A spokesperson for the company declined to comment.