What's New In Investments, Funds? – Private Advisor Group, Coatue Management

Editorial Staff

7 May 2025

Private Advisor Group
Private Advisor Group, a US wealth manager, has enhanced its investment management platform, WealthSuite, by adopting a no-transaction fee structure to cut pricing, and has added two new investment strategies.

The change to the fee structure will cut overall costs with running client portfolios, and reduce platform pricing, the firm said in a statement yesterday.

WealthSuite will also include State Street Global Advisors and LoCorr Funds.

"WealthSuite's move to an NTF structure and the addition of new strategists are significant strides toward broadening the services we provide to our advisors, helping them meet a diverse range of client needs more efficiently and affordably," James Sullivan, Private Advisor Group's head of advisor advocacy and technology, said.

State Street Global Advisors offers bespoke exchange-traded fund model portfolios aligned to five investment objectives – aggressive growth, growth, growth with income, income with moderate growth, and income with capital preservation – managed by the same team that manages money for central banks, pensions, endowments, and other large institutions.

The LoCorr Funds models blend active and passive mutual funds and ETFs to create alternative investment portfolios tailored to three investment objectives – growth, income, and preservation – that serve as a complement to existing equity and fixed income allocations, Private Advisor Group said.

WealthSuite was launched in October 2022. Private Advisor Group was founded in 1997 in Morristown, New Jersey, and had more than $35.2 billion in assets under management as of June 30, 2024.

Coatue Management
Coatue Management has launched the Coatue Innovation Fund, or CTEK, as its first tender fund intended to bring qualifying individual investors closer to the kind of technology-driven companies Coatue has long backed.

The launch of CTEK includes a combined $1 billion in initial anchor capital commitments from Bezos Expeditions and DFO Management, the family investment offices of Jeff Bezos and Michael Dell, respectively.

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. CTEK is led by Philippe Laffont, Coatue's founder.

Shares in CTEK are only being sold to US Accredited Investors, Coatue Management said in a statement yesterday. It is anticipated that under normal circumstances, CTEK will conduct repurchase offers of up to 5 per cent of its net assets each quarter, it added.

Coatue has offices in New York, Menlo Park, Los Angeles, Hong Kong, and London. It has deployed more than $30 billion in private market investments.