US venture capital firm Andreessen Horowitz will enter private equity with the launch of its inaugural fund, a16z Perennial Private Equity Fund, according to a report by Fortune citing US SEC filings.
Details on the fund’s strategy and launch timeline remain undisclosed.
The disclosure was made through Andreessen Horowitz’s wealth management division, Perennial, which oversees the financial affairs and philanthropic endeavours of entrepreneurs and investors associated with the firm.
Perennial was started in 2022 by investor relations head Scott Kupor. Its investments are led by Michel Del Buono. The division focuses on bespoke wealth management services, estate planning and charitable giving, catering to UHNWIs and families.
According to Fortune, through its family office division, Andreessen Horowitz expects to soon close two new funds: a real assets fund focused on real estate and a diversified investments fund.
