Coatue loses two more partners, including one who led firm's crypto investments: The Information

Quick Take

  • Investment manager Coatue has reportedly lost two more general partners: Luca Schmid and Sebastian Duesterhoeft.
  • Schmid led some of the firm’s top crypto investments, including Chainalysis, Fireblocks and Dune Analytics.

Investment manager Coatue, with over $73 billion in assets under management, has reportedly lost two more general partners in recent months.

Luca Schmid left the firm in August and Sebastian Duesterhoeft departed a month after, The Information reported on Friday, citing a person familiar with the matter.

Schmid plans to work with Checkout.com's founder and CEO Guillaume Pousaz to start a family office to make investments in fintech startups, and Duesterhoeft is set to join Lightspeed Venture Partners as a partner, according to the report.

Notably, Schmid led some of Coatue's top crypto and fintech investments, including Chainalysis, Fireblocks, Dune Analytics, Checkout.com, Chime and N26, according to his LinkedIn profile. Duesterhoeft, on the other hand, led the firm's tech investments, including Airtable, Snowflake and Snyk, his LinkedIn account indicates.

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Schmid and Duesterhoeft are the latest executives to depart Coatue. Last week, The Information reported that Matt Mazzeo, general partner at Coatue, left the firm to start his own investment fund focused on backing early-stage startups. Mazzeo's deals at Coatue reportedly included NFT marketplace giant OpenSea.

Coatue was founded in 1999 by brothers Philippe and Thomas Laffont as a hedge fund. It became one of the most active tech investors during the recent boom. Earlier this year, The Block Research mapped out Coatue's crypto investments and found out that the New York-based firm had invested in at least 14 crypto startups, including Alchemy, Bitmain, CertiK, Dapper Labs and MoonPay.


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Yogita Khatri is a senior reporter at The Block, covering all things crypto. As one of the earliest team members, Yogita has played a pivotal role in breaking numerous stories, exclusives and scoops. With nearly 3,000 articles under her belt, Yogita holds the records as The Block's most-published and most-read author of all time. Prior to joining The Block, Yogita worked at crypto publication CoinDesk and The Economic Times, where she wrote on personal finance. To contact her, email: [email protected]. For her latest work, follow her on X @Yogita_Khatri5.