The funds themselves are not subject to any requirements for opening or maintaining an account. They include the Coatue Flagship Funds, Coatue Hybrid Funds, Coatue Long Only Funds, Coatue Private Funds II, Kona III, Coatue Early Stage Fund LP, Growth Fund IV and more. The firm manages a variety of funds and affiliated funds (each of which were founded at various times ranging from 2013 to present). Services are not provided to individual investors in the funds. The firm provides investment advisory services on a discretionary basis. Laffont is the principal owner of both this LP and LLC additionally, he serves as the managing member of Coatue Managament Partners GP LLC. Coatue Management Partners GP LLC is a limited liability company that serves as general partner to this LP. The sole owner of the firm is Coatue Management Partners LP. Ĭoatue Management, LLC is a Delaware limited liability company founded in December 1999. If you're looking for trusted and comprehensive support in managing your own finances, consider speaking to a professional financial advisor. It's important to understand that hedge funds are often complex, loosely regulated investments and therefore only accessible to accredited investors. It currently manages a total of 39 pooled investment vehicles, 10 of which are hedge funds. The company’s momentum over the last several years is a testament to the team’s hard work and the scale of the opportunity at hand.Coatue Management, LLC is an investment management firm with more than $47 billion in assets under management (AUM). “We believe that the company has a world-class team, industry-leading technology and the ability to bring about profound change in card issuing and the global payments infrastructure. “We’re incredibly excited to be partnering with Marqeta,” said Kris Fredrickson, partner at Coatue Management. The company's platform is playing a role in the movement. New entrants are disrupting the market, which has long been dominated by big banks. It has been exciting to see our customers embrace these new possibilities and build extraordinary products and services that have helped define markets in their own right.”Īccording to Marqeta, citing research from Edgar, Dunn & Company, the global market for card issuing volume is more than $45 trillion. We’ve been proud to power this transformation as the most advanced card issuing platform built in over two decades. “When today’s innovators are in need of modern payment solutions, they aren’t turning to banks as their primary issuers anymore and want a platform built for their needs. “We are in the midst of a transformation in card issuing around the globe,” said Jason Gardner, founder and CEO of Marqeta, in the press release. The company said revenue has doubled three years in a row, and it has seen a "dramatic" increase in spending activity on its platform. Its open APIs enable businesses to build payment programs and enable tech companies like Square, Affirm, DoorDash, Kabbage and Instacart to customize payment cards to meet the need of their customers. They join existing Marqeta investors Visa, ICONIQ, Goldman Sachs, 83North, Granite Ventures, CommerzVentures and CreditEase.įounded in 2010, Marqeta has become one of the leading modern card issuers powered by its platform. Other investors in the fundraising round include Vitruvian Partners, Spark Capital, Lone Pine Capital and Geodesic. Marqeta said it will use the fundraising to accelerate plans to expand domestically and in select global markets. In a press release, Marqeta said the Series E round of fundraising was led by Coatue Management, and gives the company a valuation of close to $2 billion. Marqeta, the global card issuing platform, announced on Tuesday (May 21) that it has raised $260 million in venture funding.
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