Correspondence 0001104659-25-044557 from Coatue Innovation Fund (CIK 0002044519)
Coatue Innovation Fund (CIK 0002044519)
Date: May 5, 2025 · CIK: 0002044519 · Accession: 0001104659-25-044557
AI Filing Summary & Sentiment
File numbers found in text: 333-283279, 811-24025
Letter
United States VIA EDGAR United States Securities and Exchange Commission Division of Investment Management Washington, D.C. 20549 Attn: Timothy Worthington Re: Coatue Innovation Fund Registration Statement on Form N-2 (File Nos. 333-283279; 811-24025)
Dear Mr. Worthington:
We are providing this correspondence in response to a request from the staff (the "Staff") of the Securities and Exchange Commission after the Fund's registration statement on Form N-2 (File Nos. 333-283279; 811-24025) (the "Registration Statement") was declared effective on April 30, 2025.
The Staff advised us that the permissibility and ability of state-chartered banks to custody digital assets and instruments that are based on blockchain, distributed ledger or similar technologies continues to be assessed. As a result, and at the request of the Staff, the Fund will undertake to not invest directly in cryptocurrencies, decentralized application tokens, protocol tokens and other cryptofinance coins, initial coin offerings, tokens and digital assets and instruments that are based on blockchain, distributed ledger or similar technologies (collectively, "cryptocurrency" as defined in the Registration Statement) at this time. The Fund may, however, gain indirect exposure to cryptocurrency through cryptocurrency-related ETFs or derivatives, as provided in its Registration Statement.
If you have any questions, please feel free to contact the undersigned by telephone at (202) 389-3475 or by email at jessica.patrick@kirkland.com or Nicole M. Runyan, P.C. by telephone at (212) 446-4774 or by email at nicole.runyan@kirkland.com.
Sincerely,
/s/ Jessica L. Patrick, Esq.
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CORRESP
1
filename1.htm
Jessica Patrick
To Call Writer Directly:
+1 202 389 3475
jessica.patrick@kirkland.com
1301 Pennsylvania Avenue, N.W.
Washington, D.C. 20004
United States
+1 202 389 5000
www.kirkland.com
Facsimile:
+1 202 389 5200
May 5, 2025
VIA EDGAR
United States
Securities and Exchange Commission
Division of Investment Management
100 F Street, N.E.
Washington, D.C. 20549
Attn: Timothy Worthington
Re: Coatue
Innovation Fund
Registration Statement on Form N-2 (File Nos. 333-283279; 811-24025)
Dear Mr. Worthington:
We are providing this correspondence in response
to a request from the staff (the "Staff") of the Securities and Exchange Commission after the Fund's registration statement
on Form N-2 (File Nos. 333-283279; 811-24025) (the "Registration Statement") was declared effective on April 30, 2025.
The Staff advised us that the permissibility and
ability of state-chartered banks to custody digital assets and instruments that are based on blockchain, distributed ledger or similar
technologies continues to be assessed. As a result, and at the request of the Staff, the Fund will undertake to not invest directly in
cryptocurrencies, decentralized application tokens, protocol tokens and other cryptofinance coins, initial coin offerings, tokens and
digital assets and instruments that are based on blockchain, distributed ledger or similar technologies (collectively, "cryptocurrency"
as defined in the Registration Statement) at this time. The Fund may, however, gain indirect exposure to cryptocurrency through cryptocurrency-related
ETFs or derivatives, as provided in its Registration Statement.
If
you have any questions, please feel free to contact the undersigned by telephone at (202) 389-3475 or by email at jessica.patrick@kirkland.com
or Nicole M. Runyan, P.C. by telephone at (212) 446-4774 or by email at nicole.runyan@kirkland.com.
Sincerely,
/s/ Jessica L. Patrick, Esq.
Jessica L. Patrick
cc:
Claire
Jen, Esq., Coatue Management, L.L.C.
Nicole M. Runyan, P.C., Kirkland & Ellis
LLP
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