Expanding Access to Innovation: Introducing CTEK
At Coatue, we’ve always believed that technology is the most powerful force shaping our future. For over two decades, we’ve worked to identify and invest in companies defining the next wave of innovation across both the private and public markets. Today, we’re proud to share the launch of the Coatue Innovation Fund, or CTEK, our first tender offer fund.
CTEK is about access. It is intended to bring qualifying individual investors closer to the kinds of technology-driven companies Coatue has long backed. With a lower investment minimum, CTEK opens a door that has traditionally been closed to many. It’s a step toward democratizing exposure to breakthrough innovation.
We’re especially excited to launch CTEK with a combined $1 billion in initial anchor capital commitments from Bezos Expeditions and DFO Management, LLC, the family investment offices of Jeff Bezos and Michael Dell, respectively. The involvement of these firms reflects shared conviction in the transformative potential of technology—and in CTEK as a vehicle to harness that potential across market cycles.
CTEK is a closed-end, continuously offered fund that intends to invest in a broad range of innovation-led sectors. From artificial intelligence to enterprise software to next-gen infrastructure, CTEK seeks opportunities wherever they emerge—across both private and public markets. This flexibility enables CTEK to follow trends across their full lifecycle, not just a single phase. CTEK also intends to offer investors limited periodic liquidity through quarterly tender offers.
Led by our founder Philippe Laffont, CTEK seeks to leverage Coatue’s deep sector expertise and proprietary data science platform, Mosaic, to inform investment decisions and manage risk dynamically. Our approach combines fundamental insight with real-time analytics—allowing CTEK to be both thesis-driven and responsive to change.
As Philippe puts it: “CTEK is built on Coatue’s decades of experience investing in innovation. The fund provides qualified investors with diversified exposure to the future, grounded in rigorous risk management and a clear point of view on where the world is heading.”
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Although CTEK's shares are registered under the Securities Act of 1933, its shares will be sold only to persons or entities that are both “accredited investors,” as defined in Section 501(a) of Regulation D under the Securities Act of 1933, and “qualified clients,” as defined in Rule 205-3 under the Investment Advisers Act of 1940. The qualifications required to invest in CTEK are included in CTEK's subscription documents that must be completed by each prospective investor.
It is anticipated that under normal circumstances, CTEK will conduct repurchase offers of up to 5% of its net assets each quarter. CTEK's board may under certain circumstances elect to postpone, suspend or terminate a repurchase offer. The terms and conditions of a tender offer, including the applicable deadline for submitting repurchase requests, will be provided to investors in connection with such tender offer and filed with the SEC. No assurance can be given that repurchases will occur or that any shares properly tendered will be repurchased by CTEK. Due to these restrictions, an investor should consider an investment in CTEK to be of limited liquidity.
An investment in CTEK is speculative with a substantial risk of loss. Neither Coatue nor CTEK guarantee any level of return or risk on investments and there can be no assurance that CTEK's investment objective will be achieved. Investors should carefully consider investment objectives, risks, charges and expenses of CTEK. This and other important information is contained in CTEK's Prospectus, which can be obtained from a financial professional or by clicking here. The Prospectus should be read carefully before investing. CTEK's Prospectus does not constitute an offer to sell securities, nor a solicitation of an offer to buy its shares in any state where the offer or sale is not permitted. Neither the SEC nor any other state securities regulator has approved or disapproved of the securities described in the Prospectus or determined if the Prospectus is truthful or complete.