{ "crd_number": 324429, "slug": "a16z-perennial-management-l-p-menlo-park-ca-324429", "primary_business_name": "A16Z PERENNIAL MANAGEMENT, L.P.", "legal_name": "A16Z PERENNIAL MANAGEMENT, L.P.", "dbas": [], "city": "Menlo Park", "state": "CA", "country": "United States", "cbsa_code": "41860", "metro": { "cbsa_code": "41860", "common_name": "San Francisco", "msa_name": "San Francisco-Oakland-Fremont, CA", "path": "/advisors/ca/san-francisco" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2023-01-27", "years_registered": 3, "period": "2026-10-01", "filing_date": "2026-05-26", "carried_forward": false, "raum_total": 2753465119.0, "raum_discretionary": 2753465119.0, "raum_non_discretionary": 0.0, "raum_band": "1b_5b", "raum_band_label": "$1 billion to $5 billion", "total_employees": 26, "advisory_employees": 10, "client_count_bucket": null, "clients_by_type": { "charitable": { "raum": 153594202.0, "count": 10 }, "high_net_worth_individuals": { "raum": 2078416504.0, "count": 56 }, "pooled_investment_vehicles": { "raum": 521454413.0, "count": 7 } }, "compensation_types": [ "other", "percentage_of_aum", "performance_based" ], "advisory_activities": [ "financial_planning", "portfolio_management_individuals", "portfolio_management_pooled_vehicles", "selection_of_other_advisers" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "CA", "NY", "TX" ], "websites": [ "https://a16z.com/perennial", "https://a16z.com/perennial-disclosures", "https://a16zperennial.com" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/324429", "city_as_filed": "MENLO PARK", "url": "https://advisorcensus.com/firm/a16z-perennial-management-l-p-menlo-park-ca-324429", "display_name": "A16Z Perennial Management, L.P.", "summary": "A16Z Perennial Management, L.P. is an SEC-registered investment advisory firm in Menlo Park, CA, registered since 2023, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated May 26, 2026.", "citation": "AdvisorCensus. A16Z Perennial Management, L.P. (CRD 324429): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Performance-based fees", "Other" ], "advisory_activity_labels": [ "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)" ], "quick_answers": [ { "q": "How is A16Z Perennial Management, L.P. compensated?", "a": "On its Form ADV (Item 5.E, October 2026), A16Z Perennial Management, L.P. reports these compensation arrangements: a percentage of assets under its management; performance-based fees; other. The amounts are in Item 5 of its Form ADV Part 2A brochure." }, { "q": "Where is A16Z Perennial Management, L.P. located?", "a": "A16Z Perennial Management, L.P.'s principal office is in Menlo Park, CA, according to its Form ADV; the June 2026 filing also lists 1 other office (Schedule D, Section 1.F)." }, { "q": "Is A16Z Perennial Management, L.P. registered with the SEC or a state?", "a": "A16Z Perennial Management, L.P. is an SEC-registered investment advisory firm, registered since 2023. Status as filed: Approved. CRD 324429." }, { "q": "How much does A16Z Perennial Management, L.P. manage?", "a": "A16Z Perennial Management, L.P. reports $2,753,465,119 in regulatory assets under management in its Form ADV filing dated May 26, 2026 (100% discretionary)." }, { "q": "How have A16Z Perennial Management, L.P.'s assets and staff changed since 2023?", "a": "In the Form ADV data for A16Z Perennial Management, L.P.: Regulatory assets under management: $105,000,000 in the October 2023 data and $2,753,465,119 in the October 2026 data, up 2522%. Total employees: 8 in October 2023 and 26 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does A16Z Perennial Management, L.P. serve?", "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (56); charitable organizations (10); pooled investment vehicles (other than investment companies and business development companies) (7)." }, { "q": "Which custodians does A16Z Perennial Management, L.P. use?", "a": "A16Z Perennial Management, L.P.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Fidelity Brokerage Services LLC as a custodian holding 10% or more of its separately managed account assets." }, { "q": "Does A16Z Perennial Management, L.P. report any disciplinary disclosures?", "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/324429" }, { "q": "What changed in A16Z Perennial Management, L.P.'s recent Form ADV filings?", "a": "In the April 2026 filing data: Regulatory assets under management went from $1,816,461,709 to $2,741,951,158 (+51%). Employees performing advisory functions went from 9 to 10. Registered or notice-filed in TX. Updated its list of owners and control persons (Schedule A)." } ], "filing_history": [ { "period": "2023-10-01", "regulatory_assets_under_management": 105000000.0, "total_employees": 8, "filing_date": "2023-05-27" }, { "period": "2024-10-01", "regulatory_assets_under_management": 822409458.0, "total_employees": 15, "filing_date": "2024-05-15" }, { "period": "2025-10-01", "regulatory_assets_under_management": 1816461709.0, "total_employees": 26, "filing_date": "2025-05-30" }, { "period": "2026-10-01", "regulatory_assets_under_management": 2753465119.0, "total_employees": 26, "filing_date": "2026-05-26" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Regulatory assets under management went from $1,816,461,709 to $2,741,951,158 (+51%).", "Employees performing advisory functions went from 9 to 10.", "Registered or notice-filed in TX.", "Updated its list of owners and control persons (Schedule A)." ] }, { "period": "2026-01-01", "period_label": "January 2026", "notes": [ "No longer registered or notice-filed in FL." ] } ], "fees_from_brochure": null, "custodians": [ { "name": "Fidelity Brokerage Services LLC", "name_as_filed": "FIDELITY BROKERAGE SERVICES LLC", "affiliated": false } ], "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.", "markdown_url": "https://advisorcensus.com/firm/a16z-perennial-management-l-p-menlo-park-ca-324429.md", "clients": [ { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 56, "fewer_than_5": false, "raum": 2078416504.0 }, { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 7, "fewer_than_5": false, "raum": 521454413.0 }, { "type": "charitable", "label": "Charitable organizations", "count": 10, "fewer_than_5": false, "raum": 153594202.0 } ], "disclosure_line": "Reports no disclosure items on Form ADV Item 11.", "disclosure_items": [], "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/324429", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }