DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
A16z Perennial Management, L.P.
Latest filing May 26, 2026
First filing on the tape Dec 21, 2022 · 9 filings
SEC status approved since Jan 27, 2023
RAUM
$2.8B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
75%
$2.1B individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
26
10 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
7
reported on Schedule D
History
9 filings and snapshots on the tape
RAUM$2.8B as of May 26, 2026
Mar 28, 2024$813M then
HNW client RAUM$2.1B as of May 26, 2026
Mar 28, 2024$684M then
State-registered IARs (5.B.3)0 as of May 26, 2026
Mar 28, 20240 then
Employees (5.A)26 as of May 26, 2026
Mar 28, 202415 then
Private funds7 as of May 26, 2026
Mar 28, 20243 then
RAUM +52% over the last fiscal yearIARs 0 to 0
Practice profile
derived from the filing of May 26, 2026; every figure names its basis
Archetypes, each a printed rule
- Multi-family-office-like · private-client share at least 50 percent, HNW at least 90 percent of private-client RAUM, average HNW client assets at least $25M, fewer than 200 HNW clients, and business name contains 'family office' or private funds are reported
- RIA with heavy alternatives · a wealth manager whose private fund gross assets are at least 25 percent of RAUM, or five or more private funds
- RIA with private funds · a wealth manager (private-client share at least 50 percent) that reports at least one private fund on Schedule D 7.B.(1)
- UHNW private wealth · private-client share at least 50 percent, HNW at least 90 percent of private-client RAUM, and average HNW client assets at least $10M
- RAUM per advisor
- unknownderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- unknownderivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $37.1MderivedHNW RAUM over HNW clients
- Average account
- $18.7MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 5.6%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- unknownderivedItem 5.A over advisors
- Advisors per office
- unknownderived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +51%derivedbetween the last two annual amendments
- Advisor growth, one year
- unknownderivedItem 5.B.3 between annual amendments
- Client growth, one year
- unknownderived
- Compensation
- percentage of assets, performance-based, otherreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for pooled vehicles, selection of other advisersreportedItem 5.G
- Custody
- $2.2B, 66 clientsreportedItem 9.A
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
- a related person has custody of client cash (9.B.1.a)
- a related person has custody of client securities (9.B.1.b)
- marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$2.1B75%
- Pooled investment vehicles$521M19%
- Charitable organizations$154M5.6%
- Individual clients
- n/areported
- HNW clients
- 56reported
- Pension plan clients
- n/areported
- Charitable clients
- 10reported
- Accounts
- 147reported
- Financial planning clients
- 51-100reported
- Wrap fee programs
- noreported
- Custody of client assets
- $2.2B for 66 clientsreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.75 fund_share=0.19 institutional_share=0.06 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
Joined, latest
none on the tape
Private funds
7 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| A16z Perennial Venture Capital Fund, L.P. | Other Private Fund | $347M | 12 | Mar 28, 2024 |
| A16z Perennial Venture Capital Fund Master Fund B, L.P. | Other Private Fund | $182M | 1 | Mar 28, 2024 |
| A16z Perennial Diversifying Investments Fund, L.P. | $88.4M | 13 | May 26, 2026 | |
| A16z Perennial Real Assets Fund, L.P. | $74.2M | 7 | May 26, 2026 | |
| A16z Perennial Venture Capital Fund Master Fund A, L.P. | Other Private Fund | $47.5M | 1 | Mar 28, 2024 |
| A16z Perennial Opportunities Fund, L.P. - Series I | $11.7M | 8 | May 26, 2026 | |
| A16z Perennial Opportunities Fund, L.P. - Series II | $10.7M | 7 | May 26, 2026 |
Owners and control persons
Schedule A and B, latest filing
- Attila Michel Del Buono · Chief Investment Officercontrolsince 05/2023 · owns less than 5%
- Aaron Scott Kupor · Managing Partnercontrolsince 05/2023 · owns less than 5%
- Scott Thomas Robert Walker · Chief Compliance Officercontrolsince 12/2022 · owns less than 5%
- Lowell Marc Andreessen · Membercontrolsince 09/2022 · owns 50% to 75% of A16z Holdings, L.L.C.
- Abraham Benjamin Horowitz · Membercontrolsince 09/2022 · owns 50% to 75% of A16z Holdings, L.L.C.
Entity owners
- A16z Holdings, L.L.C. · Limited Partnerdirect · owns 25% to 50%
- A16z Perennial Employee Holdings, · Limiteddirect · owns 50% to 75%
- A16z Perennial Employee Holdings, L.P. · Limited Partnerdirect · owns 50% to 75%
- A16z Perennial Management Gp, L.L.C. · General Partnerdirect · owns less than 5%
- A16z Holdings, L.L.C. · Sole Memberindirect · owns 75% or more of A16z Perennial Management Gp, L.L.C.
- A16z Perennial Management Gp, L.L.C. · General Partnerindirect · owns F of A16z Perennial Employee Holdings, L.P.
Related persons
Schedule D 7.A
- A16z Perennial Equity Partners Vc, L.L.C.investment adviserpooled vehicle sponsorn
- Ah Capital Management, L.L.C.investment adviserpooled vehicle sponsorn
- Ah Equity Partners 2022 Annual Fund, L.L.C.investment adviserpooled vehicle sponsorn
- Ah Equity Partners Bio I, L.L.C.investment adviserpooled vehicle sponsorn
- Ah Equity Partners Bio II, L.L.C.investment adviserpooled vehicle sponsorn
- Ah Equity Partners Bio III, L.L.C.investment adviserpooled vehicle sponsorn
- Ah Equity Partners Bio IV, L.L.C.investment adviserpooled vehicle sponsorn
- Ah Equity Partners Games I, LLCinvestment adviserpooled vehicle sponsorn
- Ah Equity Partners I, L.L.C.investment adviserpooled vehicle sponsorn
- Ah Equity Partners II, L.L.C.investment adviserpooled vehicle sponsorn
- Ah Equity Partners III (Parallel), L.L.C.investment adviserpooled vehicle sponsorn
- Ah Equity Partners III, L.L.C.investment adviserpooled vehicle sponsorn
- Ah Equity Partners IV (Parallel), L.L.C.investment adviserpooled vehicle sponsorn
- Ah Equity Partners IV, L.L.C.investment adviserpooled vehicle sponsorn
- Ah Equity Partners Lsv I, L.L.C.investment adviserpooled vehicle sponsorn
- Ah Equity Partners Lsv II, L.L.C.investment adviserpooled vehicle sponsorn
- Ah Equity Partners Lsv III, L.L.C.investment adviserpooled vehicle sponsorn
- Ah Equity Partners Seed I, L.L.C.investment adviserpooled vehicle sponsorn
- Ah Equity Partners Stah, L.L.C.investment adviserpooled vehicle sponsorn
- Ah Equity Partners V (Parallel), L.L.C.investment adviserpooled vehicle sponsorn
- Ah Equity Partners V, L.L.C.investment adviserpooled vehicle sponsorn
- Ah Equity Partners Vi, L.L.C.investment adviserpooled vehicle sponsorn
- Ah Equity Partners Vii, L.L.C.investment adviserpooled vehicle sponsorn
- Ah Equity Partners Viii, L.L.C.investment adviserpooled vehicle sponsorn
- Clf Equity Partners II, L.L.C.investment adviserpooled vehicle sponsorn
- Clf Equity Partners III, L.L.C.investment adviserpooled vehicle sponsorn
- Cnk Equity Partners I, L.L.C.investment adviserpooled vehicle sponsorn
- Cnk Equity Partners II, L.L.C.investment adviserpooled vehicle sponsorn
- Cnk Equity Partners III, L.L.C.investment adviserpooled vehicle sponsorn
- Cnk Equity Partners IV, L.L.C.investment adviserpooled vehicle sponsorn
Advisers that list A16z Perennial Management, L.P. as a related person
- 160489 n
Offices
Schedule D 1.F, the 25 largest
- New York, NY3 employees
ADV anomalies
6 against comparable advisers; where to look, not conclusions
- unusually large average HNW clientStatic outlier · filing May 26, 2026HNW RAUM per HNW client of $37,114,580 against a peer median of $3,645,749 (1308 comparable advisers, 98.0th percentile, 16.6 robust deviations)peers: independent wealth managers, $1B to $5B (1,308) · 98% percentile
- large related person networkStatic outlier · filing May 26, 2026related persons on Schedule D 7.A of 32.0 against a peer median of 4.5 (206 comparable advisers, 100.0th percentile, 12.4 robust deviations)peers: independent wealth managers, $1B to $5B (206) · 100% percentile
- control person changedChange between filings · filing May 26, 2026KUPOR, SCOTT, AARON (MANAGING PARTNER) left Schedule A between the filings of 2023-05-27 and 2026-05-26peers: independent wealth managers, $1B to $5B (1,360)
- control person changedChange between filings · filing May 26, 2026HOROWITZ, BENJAMIN, ABRAHAM (MEMBER) left Schedule A between the filings of 2023-05-27 and 2026-05-26peers: independent wealth managers, $1B to $5B (1,360)
- control person changedChange between filings · filing May 26, 2026ANDREESSEN, MARC, LOWELL (MEMBER) left Schedule A between the filings of 2023-05-27 and 2026-05-26peers: independent wealth managers, $1B to $5B (1,360)
- RAUM up 50 %Change between filings · filing Mar 28, 2026RAUM (Item 5.F) moved from $1,816,461,709 to $2,741,951,158 (+51.0%) between the annual amendments of 2025-03-28 and 2026-03-28; the peer median change was +17.0% (1297 comparable advisers, 93.0th percentile of changes)peers: independent wealth managers, $1B to $5B (1,297) · 93% percentile
What changed
consecutive filings, newest first
- Discretionary RAUM · $2.7B to $2.8BMar 28, 2026 to May 26, 2026
- Pooled vehicle RAUM · $510M to $521MMar 28, 2026 to May 26, 2026
- RAUM · $2.7B to $2.8BMar 28, 2026 to May 26, 2026
- Accounts · 48 to 147May 30, 2025 to Mar 28, 2026
- Advisory employees · 9 to 10May 30, 2025 to Mar 28, 2026
- Charity clients · unset to 10.0May 30, 2025 to Mar 28, 2026
- HNW clients · 18 to 56May 30, 2025 to Mar 28, 2026
- Pooled vehicle clients · 6 to 7May 30, 2025 to Mar 28, 2026
- Assets in custody · $1.6B to $2.2BMay 30, 2025 to Mar 28, 2026
- Financial planning clients · 11-25 to 51-100May 30, 2025 to Mar 28, 2026
- Private funds · 6 to 7May 30, 2025 to Mar 28, 2026
- Discretionary RAUM · $1.8B to $2.7BMay 30, 2025 to Mar 28, 2026
- HNW RAUM · $1.4B to $2.1BMay 30, 2025 to Mar 28, 2026
- Pooled vehicle RAUM · $258M to $510MMay 30, 2025 to Mar 28, 2026
- RAUM · $1.8B to $2.7BMay 30, 2025 to Mar 28, 2026
- Financial planning clients · 11-25 to 11-25Mar 28, 2025 to May 30, 2025
- Accounts · 50 to 48May 15, 2024 to Mar 28, 2025
- HNW clients · 19 to 18May 15, 2024 to Mar 28, 2025
- Pooled vehicle clients · 3 to 6May 15, 2024 to Mar 28, 2025
- Assets in custody · $777M to $1.6BMay 15, 2024 to Mar 28, 2025
- Employees · 15 to 26May 15, 2024 to Mar 28, 2025
- Private funds · 3 to 6May 15, 2024 to Mar 28, 2025
- Discretionary RAUM · $822M to $1.8BMay 15, 2024 to Mar 28, 2025
- HNW RAUM · $684M to $1.4BMay 15, 2024 to Mar 28, 2025
- Pooled vehicle RAUM · $45.2M to $258MMay 15, 2024 to Mar 28, 2025
- RAUM · $822M to $1.8BMay 15, 2024 to Mar 28, 2025
- Related bank · true to falseMay 15, 2024 to Mar 28, 2025
- Discretionary RAUM · $813M to $822MMar 28, 2024 to May 15, 2024
- Pooled vehicle RAUM · $35.7M to $45.2MMar 28, 2024 to May 15, 2024
- RAUM · $813M to $822MMar 28, 2024 to May 15, 2024
- Accounts · 26 to 50May 27, 2023 to Mar 28, 2024
- Advisory employees · 7 to 9May 27, 2023 to Mar 28, 2024
- Advisory activities · 3 to 4May 27, 2023 to Mar 28, 2024
- HNW clients · 18 to 19May 27, 2023 to Mar 28, 2024
- Pooled vehicle clients · unset to 3.0May 27, 2023 to Mar 28, 2024
- Assets in custody · unset to 777165651.0May 27, 2023 to Mar 28, 2024
- Custody of client assets · false to trueMay 27, 2023 to Mar 28, 2024
- Employees · 8 to 15May 27, 2023 to Mar 28, 2024
- Financial planning clients · unset to 11-25May 27, 2023 to Mar 28, 2024
- Private funds · unset to 3May 27, 2023 to Mar 28, 2024
Signals
6 dated events
- A16Z Perennial Management, L.P. reported RAUM $2.7B, up 51% from $1.8B (2025-05-30 to 2026-03-28)Mar 28, 2026 · RAUM change · derived
- A16Z Perennial Management, L.P. reported RAUM $1.8B, up 121% from $822.4M (2024-05-15 to 2025-03-28)Mar 28, 2025 · RAUM change · derived
- A16Z Perennial Management, L.P. reported RAUM $812.9M, up 674% from $105.0M (2023-05-27 to 2024-03-28)Mar 28, 2024 · RAUM change · derived
- Aaron Scott Kupor (Managing Partner) appeared on Schedule A of A16Z Perennial Management, L.P.May 27, 2023 · Control person joined · fact
- Attila Michel Del Buono (Chief Investment Officer) appeared on Schedule A of A16Z Perennial Management, L.P.May 27, 2023 · Control person joined · fact
- A16Z Perennial Management, L.P. filed its initial SEC registration (Form ADV)Dec 21, 2022 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
- A16Z Perennial Management, L.P. · Independent Sponsorsshared crd · capital_provider
- A16z Perennial Management, L.P. · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Website
- a16zperennial.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- (650) 798-5800reportedpublic record, Form ADV, May 26, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- n/aderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026