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.

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

He started his career in 1997, working for Julian Robertson and his hedge fund, Tiger Management. 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. “I’ve known Chase since he was a young boy on Long Island and a good friend of my son Spencer,” [Julian] Robertson said.

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. She was featured in the film, Born Rich, a 2003 documentary about growing up in the world’s richest families.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.

The couple resides in New York City. 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.

In 2012 Coleman donated US $30,800 to the National Republican Senatorial Committee and US $5,000 to Mitt Romney’s presidential campaign. 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.

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