A16z Perennial Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, and selecting other managers. Financial planning was provided to 51–100 clients last fiscal year. The firm advises 7 private funds.
A16z Perennial Management reports 73 clients. They include 56 high-net-worth individuals, 10 charitable organizations and 7 pooled investment vehicles. Of its assets, 100.0% ($2.75B across 147 accounts) are managed with discretion. Of its clients, 21% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| High-net-worth individuals | 77% | 75% |
| Pooled investment vehicles | 10% | 19% |
| Charitable organizations | 14% | 6% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| High-net-worth individuals | 56 | $2.08B | 75.5% | $37.1M |
| Pooled investment vehicles | 7 | $521M | 18.9% | $74.5M |
| Charitable organizations | 10 | $154M | 5.6% | $15.4M |
| Total | 73 | $2.75B | 100% | $37.7M |
- Clients
- 56
- Regulatory AUM
- $2.08B
- AUM share
- 75.5%
- Avg. per client
- $37.1M
- Clients
- 7
- Regulatory AUM
- $521M
- AUM share
- 18.9%
- Avg. per client
- $74.5M
- Clients
- 10
- Regulatory AUM
- $154M
- AUM share
- 5.6%
- Avg. per client
- $15.4M
Total
- Clients
- 73
- Regulatory AUM
- $2.75B
- AUM share
- 100%
- Avg. per client
- $37.7M
- Clients outside the U.S.
- 21%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 7
- Financial planning clients last fiscal year
- 51–100
A16z Perennial Management is paid through a percentage of assets under management, performance-based fees and other compensation. The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure.
A16z Perennial Employee Holdings, L.P. owns 50% to 75% of A16z Perennial Management. The leadership team of A16z Perennial Management includes Chief Investment Officer Michel Del Buono and Chief Compliance Officer Robert Walker. It has 26 employees, 10 of them in advisory roles.
Leadership
Robert WalkerChief Compliance Officer- Michel Del BuonoChief Investment Officer
Staff
- 26 employees
- 10 in advisory functions
- Owns 50% to 75% of A16z Perennial Management, L.P.
A16z Perennial Employee Holdings, L.P.
Control person · since November 2022
A16z Perennial Management GP, L.L.C.
General partner · Control person · since November 2022
- Owns 50% to 75% of A16z Perennial Management, L.P.
A16z Perennial Employee Holdings,
Control person · since November 2022
- Owns 25% to 50% of A16z Perennial Management, L.P.
A16z Holdings, L.L.C.
Control person · since November 2022
- Owns 50% to 75% of A16z Holdings, L.L.C.
Benjamin Horowitz
Control person · since September 2022
- Owns 50% to 75% of A16z Holdings, L.L.C.
Marc Andreessen
Control person · since September 2022
A16z Perennial Management’s regulatory assets grew 26.2× from $105M (May 2023) to $2.75B (May 2026); clients rose from 18 to 73 and employees from 8 to 26.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| May 2026 | $2.75B | 73 | 26 | 2 |
| May 2025 | $1.82B | 24 | 26 | 2 |
| May 2024 | $822M | 22 | 15 | 2 |
| May 2023 | $105M | 18 | 8 | 2 |
Besides its headquarters, A16z Perennial Management has 1 office, with 2 listed addresses in California and New York.
California · 1 listed address
- 2875 Sand Hill RD, Menlo ParkHQ
New York · 1 listed address
- 200 Lafayette Street, New York
Contact and registration details
- Legal name
- A16z Perennial Management, L.P.
- Headquarters
- 2875 Sand Hill RD, Menlo Park, CA 94025
- Website
- a16z.com
- Phone
- 650-798-5800
- SEC file
- 801-127229
- Structure
- Delaware limited partnership
- Fiscal year end
- December
A16z Perennial Management uses Fidelity ($2.09B) as custodian for its separately managed accounts. A16z Perennial Management has custody of $2.23B in client assets for 66 clients.
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $2.09B100%
At year end, A16z Perennial Management’s separately managed accounts were mostly in stocks (67%) and cash (12%). Its reported 13F holdings for the quarter ended 30 June 2026 total $1.24B across 63 positions; the largest are Coinbase Global Inc. (17.4%), NU Hldgs Ltd (15.6%) and Samsara Inc. (14.0%).
What the accounts hold
- Stocks67%
- Funds10%
- Bonds10%
- State and local bonds8%
- U.S. government and agency bonds2%
- Cash12%
- Other1%
- Derivatives1%
Reported 13F holdings
- $1.24B
- Reported 13F value
- 63
- Positions
- 78.4%
- In the 10 largest
- +2.7%
- Value vs. prior quarter
- Coinbase Global Inc. · Com CL A17.4%
- NU Hldgs Ltd · Ord Shs CL A15.6%
- Samsara Inc. · Com CL A14.0%
- Vanguard Index Fds · S&P 500 ETF Shs8.2%
- iShares TR · Core US Aggbd ET4.9%
- Broadcom Inc.4.1%
- Vanguard Tax-managed Fds · Van FTSE Dev Mkt3.8%
- Robinhood Mkts Inc. · Com CL A3.8%
- Airbnb Inc. · Com CL A3.4%
- iShares TR · Core S&P500 ETF3.1%
Together, the ten largest are 78.4% of reported value.
How many clients does A16z Perennial Management have?
A16z Perennial Management has 73 clients and manages $2.75 billion for them, as of May 2026. They include 56 high-net-worth individuals, 10 charitable organizations and 7 pooled investment vehicles.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 26 May 2026
What services does A16z Perennial Management offer?
A16z Perennial Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does A16z Perennial Management use?
A16z Perennial Management’s separately managed account assets are held at Fidelity Brokerage Services LLC (Smithfield, RI), with $2.09B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 26 May 2026
How many financial advisors does A16z Perennial Management have?
A16z Perennial Management has 0 investment adviser representatives registered with state securities authorities, out of 26 employees, and 10 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does A16z Perennial Management invest in?
At the end of its last fiscal year, A16z Perennial Management’s separately managed accounts held 67% exchange-traded equities, 12% cash and equivalents, 10% registered funds (mutual funds, ETFs, BDCs), 8% state and local bonds, 2% U.S. government and agency bonds and 1% derivatives. It advises 7 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns A16z Perennial Management?
A16z Perennial Management is owned through holding companies by Benjamin Horowitz and Marc Andreessen. Its direct owners are A16z Perennial Employee Holdings, L.P. (50% to 75%), A16z Perennial Employee Holdings (50% to 75%) and A16z Holdings, L.L.C. (25% to 50%).
Source: Form ADV Part 1A, Schedules A and B, filed 26 May 2026
How does A16z Perennial Management get paid?
A16z Perennial Management is paid through a percentage of assets under management, performance-based fees and other compensation. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is A16z Perennial Management registered with the SEC?
Yes, A16z Perennial Management has been registered with the SEC as an investment adviser since 27 January 2023. Its CRD number is 324429 and its SEC file number is 801-127229.
Source: Form ADV Part 1A, Item 1, filed 26 May 2026; IAPD firm record
How do I contact A16z Perennial Management?
A16z Perennial Management’s main office is at 2875 Sand Hill RD, Menlo Park, CA 94025. Its phone number is 650-798-5800. Its website is a16z.com.