Reported 21 days ago
Coatue Management is seeking to raise $1 billion for its flagship fund to increase investments in artificial intelligence and technology innovation. This is the first fundraising effort for their main fund in several years, primarily targeting institutional investors, with some capital also coming from high-net-worth individuals through a partnership with Raymond James. Founder Philippe Laffont emphasizes the ongoing potential in AI, asserting that even with high valuations, the opportunity for investment remains strong.
Source: YAHOO