U.S. hedge fund Coatue Management is planning to set up a new office in Europe as part of an effort to capitalize on the continent's growing tech industry.
"We currently have offices in New York, San Francisco and Hong Kong, and we're excited to add an office in Europe at some point in the near future," Coatue Ventures Chairman Dan Rose told CNBC.
"We believe Europe is emerging as an important innovation hub in both the public and private markets, as evidenced by the increase in venture capital activity across the continent," said Rose, who was previously an executive at Facebook and Amazon. The New York-headquartered company is one of the biggest tech investors in the world and it's been pumping billions of dollars into fast-growing companies that it believes will get even bigger.
Notable investments from the firm — founded in 1999 by Philippe Laffont and Thomas Laffont — include TikTok parent-company ByteDance,
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