a16z Perennial is the multi-family office and evergreen investment vehicle of Andreessen Horowitz, which deploys founder and firm capital through a perpetual, venture-style fund. Based in the San Francisco Bay Area, it runs an evergreen vehicle called the a16z Perennial Venture Capital Fund. Michel Del Buono is the founding Chief Investment Officer and leads the investment program. The platform also has a real-assets effort, led by Partner Jeff Bramel, whose focus is real assets and real estate, energy, infrastructure and related strategies. The firm's ADV-registered vehicle reports regulatory AUM of $105 million. Perennial uses the evergreen fund vehicle and multi-family office arrangements, and it pursues venture and real-assets exposure next to other portfolio allocations. Its distinguishing traits are the Andreessen Horowitz affiliation, a named founding CIO running a consolidated multi-family office vehicle, and an in-house real-assets lead. Together these make Perennial a founder-focused, Andreessen Horowitz-affiliated source of equity and real-assets commitments.
| Investor | Type | Based in | Focus | AUM | Contacts |
|---|---|---|---|---|---|
| SEI Investments | Fund of Funds | Oaks | Multifamily · Industrial | $1.5T | 4 |
| Blackstone Group - Fund of Funds and Secondary | Fund of Funds | New York | Multifamily · Industrial · Core | $1.1T | 16 |
| New York Life Investment Management | Asset Manager | New York | Multifamily · Industrial · Co-investment | $740B | 5 |
| Brookfield Asset Management | Asset Manager | Toronto, Canada | Multifamily · Industrial · Opportunistic · Joint venture | $690B | 12 |
| KKR | Asset Manager | New York | Multifamily · Industrial · Core · Co-investment | $553B | 11 |
| Ares Management | Asset Manager | Los Angeles | Multifamily · Industrial · Core | $546B | 16 |
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