Chase Coleman III

Charles Payson "Chase" Coleman III (born June 1975)[2] is an American billionaire hedge fund manager and investor, and the founder of Tiger Global Management.[3]

"Tiger Global Management" redirects here. For Tiger Management, see Tiger Management.
Chase Coleman III
Born
Charles Payson Coleman III

June 1975 (age 45)
NationalityAmerican
Alma materWilliams College
OccupationHedge fund manager
EmployerTiger Global Management
Known forFounding Tiger Global Management
Home townGlen Head, New York, U.S.
Net worthUS$4.5 billion (September 2019)[1]
TitleFounder, Tiger Global Management
Spouse(s)Stephanie Ercklentz

Early life and education

Coleman grew up in Glen Head, Long Island.[4] His father, C. Payson Coleman Jr., born in 1950,[5] is a partner at the New York law firm Pillsbury Winthrop Shaw Pittman, and his mother, Kim Payson, owned an interior design firm.[6][7]

His grandfather, Charles Payson Coleman, who was managing partner of the New York law firm Davis Polk & Wardwell until his death in 1982, was married to Mimi C. Thompson (née Louise Stuyvesant Wainwright), a descendant of Peter Stuyvesant, the last Dutch Governor who surrendered New Amsterdam to the British.[8][9]

Coleman was educated at the Deerfield Academy.[4] He graduated from Williams College in 1997, where he was co-captain of the lacrosse team.[10]

Investment career

He started his career in 1997, working for Julian Robertson and his hedge fund, Tiger Management.[11] Coleman had grown up with Robertson’s son, Spencer, who lived close to Glen Head, in Locust Valley. In 2000, Robertson closed his fund, and entrusted Coleman with over $25 million to manage, making him one of the 30 or more so-called "Tiger Cubs", fund managers who started their fund management careers with Tiger Management.[4] “I’ve known Chase since he was a young boy on Long Island and a good friend of my son Spencer,” [Julian] Robertson said. [12]

Coleman serves as partner of the investment firm he founded, Tiger Global Management. The hedge fund was an early investor in both Facebook and LinkedIn.[13][14]

On the Forbes 2019 list of the world's billionaires, he was ranked #458 with a net worth of US$4.5 billion.[11] According to Business Insider, he was born into "old money" and has made a lot of "new money" as well.[15]

Political and economic views

In 2012 Coleman donated US $30,800 to the National Republican Senatorial Committee and US $5,000 to Mitt Romney's presidential campaign.[4] He has also donated to Democratic candidates, including $10,000 to New York Governor Andrew Cuomo, $4,950 to Manhattan Borough President Scott Stringer, and $2,700 to New York Senator Charles Schumer.

Personal life

Coleman married Stephanie Ercklentz, the daughter of lawyer Enno Ercklentz Jr. and Mai Harrison and step-daughter of Ridgely W. Harrison Jr., at Bethesda-by-the-Sea, Palm Beach, Florida, in 2005.[7][16] She was featured in the film, Born Rich, a 2003 documentary about growing up in the world's richest families.[17]Her mother, Mai Harrison (née Vilms), is the grand-niece of Jüri Vilms, a member of the Estonian Salvation Committee and leader of the Estonian Independence Movement.[18]

The couple resides in New York City.[17] In 2008, they bought an entire floor of a Fifth Avenue building from Veronica Hearst, the daughter-in-law of William Randolph Hearst, for US$36.5 million.[4]

References
  1. "Forbes profile: Chase Coleman, III".
  2. Melby, Caleb. "Meet The 20 Newcomers To The Forbes 400". forbes.com. Retrieved October 15, 2016.
  3. de la Merced, Michael (May 19, 2015). "Tiger Global to Revamp Management". The New York Times. Retrieved October 15, 2016.
  4. Effinger, Anthony; Burton, Katherine; Levy, Ari (January 10, 2012). "Top Hedge Fund Returns 45% With Robertson's 36-Year-Old Disciple". Bloomberg Business. Retrieved January 4, 2016.
  5. David Marcus; Marie T. Finn; Marie T. Hough; Linda D. Estelle; Mindy Toomay; Nancy L. Jellison; Diana L. Richardson; Jeanie J. Clapp; Bernadette B. Grabb (1986). The American Bar, the Canadian Bar, the International Bar. R.B. Forster & Associates. p. 2198. Retrieved September 8, 2015.
  6. "Tiger Global's Chase Coleman: With This Reclusive Billionaire, Actions Speak Louder Than Words". Ibillionaire.me. June 2, 2014. Archived from the original on 2015-09-20. Retrieved September 7, 2015.
  7. "Hot & Cold". Newyorksocialdiary. January 25, 2005. Retrieved September 8, 2015.
  8. Saxon, Wolfgang (October 15, 1996). "Mimi C. Thompson, 69, New York Volunteer and Philanthropist". The New York Times. Retrieved September 15, 2015.
  9. Effinger, Anthony; Burton, Katherine (January 9, 2015). "Why Photos of Some Hedge-Fund Managers Are So Hard to Find". Bloomberg Business. Retrieved September 26, 2015.
  10. Parmar, Hema; Karsh, Melissa; Alexander, Sophie (June 27, 2019). "Charmed Life". Bloomberg. Retrieved August 21, 2019.
  11. "The World's Billionaires (2016 ranking): #722 Chase Coleman, III". Forbes. March 1, 2016. Retrieved January 3, 2017.
  12. "Profile".
  13. "Tiger Global Among Top Spotify Holders With $1.9 Billion Stake". Bloomberg.com.
  14. Wee, Gillian (23 January 2011). "Tiger Global Said to Put New Private-Equity Fund Into Facebook". Bloomberg.com.
  15. "Chase Coleman". Business Insider. Retrieved September 15, 2015.
  16. "Obituaries". Columbia College Today. Winter 2014. Retrieved August 9, 2020.
  17. Pressler, Jessica (January 5, 2011). "Chase Coleman's Status Update: Rich". New York. Retrieved September 15, 2015.
  18. "Mai A. Vilms Fiancee Of Enno Ercklentz Jr". timesmachine.nytimes.com. Retrieved 2020-08-09.
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