A16 Z Perennial Management, L.P.
- Regulatory AUM
- $2.8B
- Discretionary
- $2.8B
- Clients
- 73
- Avg AUM / client
- $37.7M
- Accounts
- 147
- Employees
- 26
AUM over time
Annual snapshots from Form ADV filings · as of May 26, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| High net worth individuals | 56 | $2.1B | 75.5% |
| Pooled investment vehicles (non-investment companies) | 7 | $521M | 18.9% |
| Charitable organizations | 10 | $154M | 5.58% |
Private funds (3)
Reported in Form ADV Section 7.B.(1), filing of May 2024 · $67.0M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| A16 Z Perennial Venture Capital Fund, L.P. master | Other Private Fund | Delaware | $45.2M | 12 |
| A16 Z Perennial Venture Capital Fund Master Fund A, L.P. | Other Private Fund | Delaware | $21.7M | 1 |
| A16 Z Perennial Venture Capital Fund Master Fund B, L.P. | Other Private Fund | Delaware | $0 | 1 |
People (5)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Andreessen, Marc, Lowell | Member | Sep 2022 (4y) | ≈ 12.5% – 37.5% via A16 Z Holdings, L.L.C. | |
| Horowitz, Benjamin, Abraham | Member | Sep 2022 (4y) | ≈ 12.5% – 37.5% via A16 Z Holdings, L.L.C. | |
| Walker, Robert, Scott Thomas | Chief Compliance Officer | Dec 2022 (4y) | Less than 5% | |
| Del Buono, Michel, Attila | Chief Investment Officer | May 2023 (3y) | Less than 5% | |
| Kupor, Scott, Aaron | Managing Partner | May 2023 (3y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| A16 Z Perennial Employee Holdings, L.P. | Limited Partner | Nov 2022 | A | 50% – 75% |
| A16 Z Holdings, L.L.C. | Limited Partner | Nov 2022 | A | 25% – 50% |
| A16 Z Perennial Management Gp, L.L.C. | General Partner | Nov 2022 | A | Less than 5% |
| A16 Z Holdings, L.L.C. | Sole Member | Nov 2022 | B | ≈ 0% – 5% via A16 Z Perennial Management Gp, L.L.C. |
| A16 Z Perennial Management Gp, L.L.C. | General Partner | Nov 2022 | B | GP / trustee / elected manager of A16 Z Perennial Employee Holdings, L.P. (indirect) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Andreessen, Marc, Lowell: 50% – 75% of A16 Z Holdings, L.L.C. × 25% – 50% direct ≈ 12.5% – 37.5% of the firm
- Horowitz, Benjamin, Abraham: 50% – 75% of A16 Z Holdings, L.L.C. × 25% – 50% direct ≈ 12.5% – 37.5% of the firm
- A16 Z Holdings, L.L.C.: 75% – 100% of A16 Z Perennial Management Gp, L.L.C. × 0% – 5% direct ≈ 0% – 5% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (3, $67.0M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| A16 Z Perennial Venture Capital Fund, L.P. | Other Private Fund | $45.2M | $5.0M | 12 |
| A16 Z Perennial Venture Capital Fund Master Fund A, L.P. | Other Private Fund | $21.7M | $5.0M | 1 |
| A16 Z Perennial Venture Capital Fund Master Fund B, L.P. | Other Private Fund | $0 | $5.0M | 1 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 05/26/2026 | 4.35 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
- • Other fees
- • ADMINISTRATIVE FEES
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Portfolio management for pooled investment vehicles
- • Selection of other advisers
Custody
Reported custodians
- Fidelity Brokerage Services $2.1B (76% of AUM) May 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: May 26, 2026.
View current Form ADV (SEC/IAPD) ↗