Chase Coleman

People

Charles Payson “Chase” Coleman III is the founder and managing director of Tiger Global Management, a global long/short equity hedge fund. He is a Tiger Cub, protégé under Julian Robertson at Tiger Management. Chase Coleman started his career in 1997 after college, working for Julian Robertson at Tiger Management (he grew up with Julian Robertson’s son, Spencer, who lived close to Glen Head, in Locust Valley).

In 2000, Julian Robertson closed his fund, and entrusted Chase Coleman with over $25 million to manage. Chase Coleman was an early investor in Facebook mostly through venture capital vehicles of his fund and made more than $1 billion in profits for his investors from Facebook. Much of his success in venture capital is attributable to private Internet companies such as Facebook, LinkedIn, and Zynga. As of 2017, Tiger Global Management manages roughly $20 billion in assets and invests in both public and private equities.

Chase Coleman was born in 1975 and grew up in Glen Head, Long Island. His father, C. Payson Coleman, Jr., was a partner at Pillsbury Winthrop Shaw Pittman, and his mother, Kim Payson, owned an interior design firm. His grandfather, Charles Payson Coleman, was managing partner of Davis Polk & Wardwell and was married to Louise Stuyvesant Wainwright, a descendant of Peter Stuyvesant, the last Dutch Governor who surrendered New Amsterdam to the English and who built the wall around what is now Wall Street, for which it is named. Chase Coleman is an alumnus of Deerfield Academy, an elite prep school in Massachusetts, and graduated from Williams College in 1997 with a degree in Spanish and Economics, where he was on the lacrosse team.

Forbes listed Chase Coleman’s net worth as $2.3 billion as of March 2018 and is ranked #359 of Forbes 400. Chase Coleman married Stephanie Ercklentz in Palm Beach, Florida, in 2005. Stephanie Ercklentz was featured in the film, Born Rich, a 2003 documentary about growing up in the world’s richest families. Her grandfather, Enno Ercklentz Sr., was a German banker who became CEO of a chemical company after moving to the US. Chase Coleman and Stephanie Ercklentz paid $52 million for the 5th floor (full-floor apartment) at 4 E. 66th Street in Manhattan in 2016. They previously paid $36.5 million in 2008 for two apartments on the 6th floor of the same building that were formerly owned by Veronica Hearst. They also own a house in the Hamptons (on billionaire lane) where they paid $32.5 million in 2007

Image Source: Business Insider

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