{"url":"https://nivawealth.com/firms/a16z-perennial-management-324429","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/324429","regulatoryAum":2753465119,"crd":"324429","history":[{"filedOn":"2023-05-27","regulatoryAum":105000000,"clients":18,"employees":8,"offices":2},{"filedOn":"2024-05-15","regulatoryAum":822409458,"clients":22,"employees":15,"offices":2},{"filedOn":"2025-05-30","regulatoryAum":1816461709,"clients":24,"employees":26,"offices":2},{"filedOn":"2026-05-26","regulatoryAum":2753465119,"clients":73,"employees":26,"offices":2}],"secFileNumber":"801-127229","legalName":"A16z Perennial Management, L.P.","displayName":"A16z Perennial Management","slug":"a16z-perennial-management-324429","website":"https://a16z.com/","logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/324429/2cf7e2a6d46ed16d-r1.webp","tone":"dark","width":599,"height":200,"sourceUrl":"https://a16z.com/perennial/","sourceLabel":"A16z Perennial Management, L.p., website"},"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Delaware limited partnership","fiscalYearEnd":"December","headquarters":{"street":"2875 Sand Hill RD","city":"Menlo Park","state":"CA","stateName":"California","country":"United States","postalCode":"94025"},"tradeNames":[],"registration":{"secApproved":"27 January 2023","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":37114580.428571425,"staff":{"employees":26,"advisory":10,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":2753465119,"discretionary":2753465119,"discretionaryAccounts":147,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":21,"nonAumClients":0},"clientTypes":[{"label":"High-net-worth individuals","clients":56,"regulatoryAum":2078416504},{"label":"Pooled investment vehicles","clients":7,"regulatoryAum":521454413},{"label":"Charitable organizations","clients":10,"regulatoryAum":153594202}],"feePrograms":[],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed_no_numerical_schedule","checkedAt":"2026-10-22T05:37:40.155311+00:00","documents":[{"name":"FORM ADV PART 2A - A16Z PERENNIAL MANAGEMENT, L.P.","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1030358","versionId":1030358,"submittedOn":"2026-03-28"}]},"custodians":[{"name":"Fidelity Brokerage Services LLC","shortName":"Fidelity","location":"Smithfield, RI","smaAssets":2086596056}],"custodyNote":"A16z Perennial Management has custody of $2.23B in client assets for 66 clients.","leadership":[{"name":"Robert Walker","title":"Chief Compliance Officer","crd":"7552343"},{"name":"Michel Del Buono","title":"Chief Investment Officer","crd":"6436122"}],"ownership":[{"label":"A16z Perennial Employee Holdings, L.P.","detail":"Limited partner in the 50% to 75% ownership band and a control person, since November 2022."},{"label":"A16z Perennial Employee Holdings,","detail":"Limited in the 50% to 75% ownership band and a control person, since November 2022."},{"label":"A16z Holdings, L.L.C.","detail":"Limited partner in the 25% to 50% ownership band and a control person, since November 2022. Also a sole member of A16z Perennial Management GP, L.L.C. in the 75% or more band and a control person, since November 2022."},{"label":"Benjamin Horowitz","detail":"Indirect owner: a member of A16z Holdings, L.L.C. in the 50% to 75% band and a control person, since September 2022.","parent":"A16z Holdings, L.L.C."},{"label":"Marc Andreessen","detail":"Indirect owner: a member of A16z Holdings, L.L.C. in the 50% to 75% band and a control person, since September 2022.","parent":"A16z Holdings, L.L.C."},{"label":"A16z Perennial Management GP, L.L.C.","detail":"Indirect owner: general partner of A16z Perennial Employee Holdings, L.P. and a control person, since November 2022.","parent":"A16z Perennial Employee Holdings, L.P."}],"filedOffices":{"otherThanPrincipal":1,"privateResidences":0},"listedOfficeAddresses":2,"foreignOffices":[],"officesByState":[{"state":"California","offices":1,"addresses":[{"street":"2875 Sand Hill RD","city":"Menlo Park","headquarters":true}]},{"state":"New York","offices":1,"addresses":[{"street":"200 Lafayette Street","city":"New York"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"650-798-5800","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees","Other"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for pooled investment vehicles (other than investment companies)","Selection of other advisers (including private fund managers)"],"financialPlanningClients":"51-100","assetMix":[{"label":"Exchange-traded equity securities","percent":67},{"label":"U.S. government/agency bonds","percent":2},{"label":"U.S. state and local bonds","percent":8},{"label":"Derivatives","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":10},{"label":"Cash and cash equivalents","percent":12}],"privateFunds":7},"sources":{"adv1FilingDate":"26 May 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/324429/PDF/324429.pdf","brochureDate":"28 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1030358","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does A16z Perennial Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does A16z Perennial Management offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does A16z Perennial Management use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does A16z Perennial Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does A16z Perennial Management invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns A16z Perennial Management?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does A16z Perennial Management get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Is A16z Perennial Management registered with the SEC?","answer":"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","sourceRef":{"doc":"adv1","section":"identity"}},{"question":"How do I contact A16z Perennial Management?","answer":"A16z Perennial Management’s main office is at 2875 Sand Hill RD, Menlo Park, CA 94025. Its phone number is 650-798-5800. 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Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}