# Andreessen Horowitz

> Andreessen Horowitz is an SEC-registered investment advisory firm in Menlo Park, CA, registered since 2019, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 160489
- Filed as: ANDREESSEN HOROWITZ
- Legal name: A16Z Capital Management, L.L.C.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Menlo Park, CA
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/160489
- AdvisorCensus page: https://advisorcensus.com/firm/andreessen-horowitz-menlo-park-ca-160489

## Quick answers

**How is Andreessen Horowitz compensated?**
On its Form ADV (Item 5.E, October 2026), Andreessen Horowitz reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**Where is Andreessen Horowitz located?**
Andreessen Horowitz's principal office is in Menlo Park, CA, according to its Form ADV; the April 2026 filing also lists 4 other offices (Schedule D, Section 1.F).

**Is Andreessen Horowitz registered with the SEC or a state?**
Andreessen Horowitz is an SEC-registered investment advisory firm, registered since 2019. Status as filed: Approved. CRD 160489.

**How much does Andreessen Horowitz manage?**
Andreessen Horowitz reports $106,476,153,956 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary).

**How have Andreessen Horowitz's assets and staff changed since 2021?**
In the Form ADV data for Andreessen Horowitz: Regulatory assets under management: $35,849,981,940 in the October 2021 data and $106,476,153,956 in the October 2026 data, up 197%. Total employees: 197 in October 2021 and 738 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Andreessen Horowitz serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (119).

**Does Andreessen Horowitz 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/160489

**Does Andreessen Horowitz state an account minimum?**
Its Form ADV Part 2A brochure dated March 30, 2026 says: "The Adviser does not currently have a minimum size for a Fund."

**What changed in Andreessen Horowitz's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $74,739,846,610 to $106,476,153,956 (+42%). Employees performing advisory functions went from 99 to 88.

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 30, 2026)

- Account minimum: None

> The Adviser does not currently have a minimum size for a Fund.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $106,476,153,956
- Discretionary: $106,476,153,956
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 119 | $106,476,153,956 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2019 (7 years)
- Employees: 738 total, 88 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- New York, NY
- San Francisco, CA
- Santa Monica, CA
- Washington, DC

### Websites listed on Form ADV (Item 1.I)
- a16z.com
- a16z.news
- a16zcrypto.com
- a16zcrypto.substack.com
- anyproblemisnoproblem.com
- future.com
- readwriteown.com
- speedrun.substack.com
- warpcast.com/a16zcrypto
- Facebook @a16zclf
- Facebook @andreessenhorowitz
- Instagram @a16z
- Instagram @a16zclf
- Instagram @a16zcollege
- Instagram @a16zcrypto
- Instagram @a16zpodcast
- Instagram @a16ztxo
- Instagram @anyproblemisnoproblem
- Instagram @speedrun
- Instagram @voicesonchain
- LinkedIn @439909
- LinkedIn @a16z-bio-health
- LinkedIn @a16z-txo
- LinkedIn @a16zcrypto
- LinkedIn @a16zgames
- LinkedIn @a16zspeedrun
- LinkedIn @college-talent-program
- Threads @a16z
- X @a16z
- X @a16zBioHealth
- X @a16zGames
- X @a16zclf
- X @a16zcrypto
- X @a16ztxo
- X @speedrun
- X @anyprobisnoprob
- YouTube @AP_NP
- YouTube @BenAndMarcClips
- YouTube @ECON102Podcast
- YouTube @LivePlayerswithSamoBurja
- YouTube @a16z
- YouTube @a16zDeepDives
- YouTube @a16zbiohealth
- YouTube @a16zcrypto
- YouTube @a16zspeedrun

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $35,849,981,940 | 197 | March 30, 2021 |
| October 2022 | $54,610,411,467 | 311 | May 6, 2022 |
| October 2023 | $53,226,221,969 | 488 | May 1, 2023 |
| October 2024 | $56,035,682,377 | 535 | March 29, 2024 |
| October 2025 | $74,739,846,610 | 605 | March 30, 2025 |
| October 2026 | $106,476,153,956 | 738 | March 30, 2026 |

Regulatory assets under management: $35,849,981,940 in the October 2021 data and $106,476,153,956 in the October 2026 data, up 197%.
Total employees: 197 in October 2021 and 738 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $74,739,846,610 to $106,476,153,956 (+42%).
- Employees performing advisory functions went from 99 to 88.

### December 2025
- Changed its legal name from AH Capital Management, L.L.C. to A16Z Capital Management, L.L.C..

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Andreessen Horowitz (CRD 160489): Form ADV filing data as of October 2026.