a16z creates a new fund and registers a new consulting company

According to ChainCatcher news reported by TechCrunch, venture capital firm a16z has created a new fund named "a16z Perennial Venture Capital Fund," which will operate from a16z's Menlo Park office, based on a filing submitted to the U.S. Securities and Exchange Commission (SEC) last week.

In addition, a16z has also registered a new consulting company called "Perennial Management." According to the ADV document submitted to the SEC, the company's assets under management amount to $105 million, and it currently has 18 high-net-worth clients. The document indicates that the company will provide consulting services such as portfolio management for individuals, small businesses, and private fund managers. The new company has a total of 8 employees, including Chief Investment Officer Michel Del Buono, who joined last year. (source link）