Andreessen Horowitz launches Evergreen Fund amid stagnant venture capital funding
Andreessen Horowitz, a Silicon Valley venture capital firm known for backing big tech companies such as Airbnb, Coinbase and GitHub, is growing its business despite a slowdown in funding from traditional VCs. We have launched a new Evergreen Fund to continue our growth. The new fund, called the “a16z Perennial Venture Capital Fund,” will operate out of Andreessen Horowitz’s Menlo Park office. The company also has its perennial management business registered with US regulators and is listed as a “major advisory firm” with $105 million in regulatory assets under management. The business unit has 18 high net worth individuals registered as clients and provides advisory services such as portfolio management for individuals, SMEs and co-investment vehicles, as well as private fund managers, wealth management advisors and financial institutions. will also be provided. planner.
The Evergreen Fund is designed to allow venture companies to continue to manage public company shares rather than distribute them to LPs, much like Sequoia Capital did with its Evergreen Fund in 2021. Andreessen Horowitz’s timing could be particularly promising. Public markets have experienced significant declines due to macroeconomic factors, and economic turmoil has reduced the value of publicly traded shares, which we believe could lead to higher gains.
The move comes at a time when an overall market slowdown has prevented venture capital firms around the world from seeing significant growth from investing in startups. Like other select fund managers, Andreessen Horowitz recently began openly soliciting capital from Saudi Arabia as US companies struggled with tighter lending and higher inflation. The company also launched a fund of funds to invest in smaller VC funds to expand its already vast network, ostensibly to look at more promising early-stage companies ahead of some rivals.・Foundation of Funds has also started.
The new division of Andreessen Horowitz has eight employees, including Chief Investment Officer Michelle Del Buono, who was hired last year. Last August, Bloomberg reported on the hiring of Del Buono and plans for Andreessen Horowitz to launch a wealth management service. The news agency said the company is seeking to control the wealth of its partners and investee company executives.
Overall, the new fund is a strategic move for Andreessen Horowitz to continue growing the business despite slowing funding from traditional VCs. The evergreen fund allows the company to continue to manage the shares of publicly traded companies rather than distributing shares to LPs, giving the stock even more upside. In addition, the company has registered its perennial management business with U.S. regulators and is listed as a “major advisory firm” with $105 million in regulatory AUM, providing portfolio management for individuals, small businesses and pooled companies. We will provide advisory services such as This includes private fund managers, wealth management advisors and financial planners as well as investment vehicles.
– Andreessen Horowitz launches Evergreen Fund amid stagnant venture capital funding
– a16z Perennial Venture Capital Fund will operate from its Menlo Park office
– Permanent management business registered with US regulators
– Advisory services for high net worth individuals
– The Evergreen Fund allows us to continue to firmly manage the stocks of listed companies
– Strategic steps to continue business growth despite slowdown in VC funding