Tender Offer - COATUE MANAGEMENT LLC

Form Type: 40-APP

Filing Date: 2025-05-02

Corporate Action: Tender-offer

Type: New

Accession Number: 000110465925044161

Filing Summary: COATUE MANAGEMENT LLC, through its affiliates including the COATUE INNOVATION FUND and several other investment vehicles, has filed an application for an SEC order permitting certain joint transactions under the Investment Company Act of 1940, specifically to engage in Co-Investment Transactions that would typically be prohibited under Sections 17(d) and 57(a)(4). This application seeks to supersede a prior order issued on April 23, 2025, allowing them to engage in these transactions subject to specific terms and conditions to ensure fairness. The application outlines the structure and intention of their investment strategies, highlighting their operation as a tender offer fund registered under the 1940 Act aimed at long-term capital appreciation primarily through investments in technology and innovation sectors. Various conditions, including co-investment policies, oversight mechanisms, and fair allocation of opportunities, are proposed to address compliance and protect shareholder interests in such co-investment activities.