Coatue Hires Blackstone’s Peter Wallace as Co-President and Head of Private Investments

Peter Wallace, a Blackstone Inc. veteran of almost three decades, is joining Coatue Management as co-president and head of private investments.

After a period of garden leave, he’ll start alongside Carlyle Group Inc. alumnus Nathan Urquhart, who will become co-president and head of strategy, a newly created role, Coatue co-founder Philippe Laffont wrote in an investor letter seen by Bloomberg.