# A16Z Perennial Management, L.P.

> 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.

- CRD: 324429
- Filed as: A16Z PERENNIAL MANAGEMENT, L.P.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Menlo Park, CA
- Filing period: October 2026
- Form ADV filing dated: May 26, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/324429
- AdvisorCensus page: https://advisorcensus.com/firm/a16z-perennial-management-l-p-menlo-park-ca-324429

## Quick answers

**How is A16Z Perennial Management, L.P. compensated?**
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.

**Where is A16Z Perennial Management, L.P. located?**
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).

**Is A16Z Perennial Management, L.P. registered with the SEC or a state?**
A16Z Perennial Management, L.P. is an SEC-registered investment advisory firm, registered since 2023. Status as filed: Approved. CRD 324429.

**How much does A16Z Perennial Management, L.P. manage?**
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).

**How have A16Z Perennial Management, L.P.'s assets and staff changed since 2023?**
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.

**What types of clients does A16Z Perennial Management, L.P. serve?**
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).

**Which custodians does A16Z Perennial Management, L.P. use?**
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.

**Does A16Z Perennial Management, L.P. report any disciplinary disclosures?**
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

**What changed in A16Z Perennial Management, L.P.'s recent Form ADV filings?**
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).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees
- Other

### Custodians (Schedule D, Section 5.K(3))
- Fidelity Brokerage Services LLC

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.

### Regulatory assets under management (Item 5.F)
- Total: $2,753,465,119
- Discretionary: $2,753,465,119
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| High net worth individuals | 56 | $2,078,416,504 |
| Pooled investment vehicles (other than investment companies and business development companies) | 7 | $521,454,413 |
| Charitable organizations | 10 | $153,594,202 |

### Advisory services (Item 5.G)
- 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)

### Firm details
- Registered since: 2023 (3 years)
- Employees: 26 total, 10 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, NY, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the June 2026 filing
- New York, NY

### Websites listed on Form ADV (Item 1.I)
- a16z.com/perennial
- a16z.com/perennial-disclosures
- a16zperennial.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2023 | $105,000,000 | 8 | May 27, 2023 |
| October 2024 | $822,409,458 | 15 | May 15, 2024 |
| October 2025 | $1,816,461,709 | 26 | May 30, 2025 |
| October 2026 | $2,753,465,119 | 26 | May 26, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- 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).

### January 2026
- No longer registered or notice-filed in FL.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. A16Z Perennial Management, L.P. (CRD 324429): Form ADV filing data as of October 2026.