Coatue Launches Offshore Long-Only Fund, Citadel Could Close Flagship

Tiger cub Philippe Laffont's Coatue Management has launched an offshore version of its long-only fund. Coatue Long-Only Offshore Fund has opened up with $18 million under management, according to a regulatory filing seen by II Alpha. Earlier in May, Laffont launched Coatue Long-Only Partners with $45.5 million.

Coatue Management also launched another fund to invest in pre-IPO startups, earlier this year. The $300 million fund was established to invest in tech companies. One of its very first private equity investments was in the...