Coherence mode not available (Windows 11)

Hi - has anyone managed to get coherence mode enabled with a Windows 11 Enterprise virtual? The option isn't even available to me (not even greyed out), it is simply missing all together as I only see Full Screen or Picture in Picture modes.

I've tried re-installing parallel tools and verifying that the coherence service is started, but nothing :/

Any clues or tips? Or does it simply not work for M1 Macs yet?