Hedge Funds

Coatue Management Wrote Checks Into 14 Unicorn Startups So Far In 2020

by businessinsider.com posted 5months ago 36 views
Summary List PlacementA hedge fund is flying high over the startup world. Coatue Management, a type of fund that raises outside capital to invest in a smorgasbord of asset types, has written checks into at least 14 unicorn startups so far this year, including breakouts like Chime, Airtable, and Rivian, according to data from PitchBook and media reports. Its track record pits the hedge fund against some of the most well-endowed venture capital shops in Silicon Valley, who are all fighting for a stake in the hottest growth-stage startups before they go public or get acquired.

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