a16z Perennial is Andreessen Horowitz’s multi-family office and evergreen investment vehicle that manages founder and firm capital through a venture-style perpetual fund. The organization is based in the San Francisco Bay Area and operates an evergreen vehicle titled a16z Perennial Venture Capital Fund. Michel Del Buono is the founding Chief Investment Officer and leads the investment program. The Perennial platform includes a real-assets effort: Jeff Bramel is a Partner focused on real assets and real estate, energy, infrastructure and related strategies. The firm’s ADV-registered vehicle reports a regulatory AUM of $105 million. Structures used include the evergreen fund vehicle and multi-family office arrangements; Perennial pursues venture and real-assets exposure alongside other portfolio allocations under the Perennial umbrella. Distinctive aspects include its affiliation with Andreessen Horowitz, a named founding CIO running a consolidated multi-family office vehicle, and an on-platform real-assets lead, which together position Perennial as a founder-focused, Andreessen Horowitz–affiliated source for equity and real-assets commitments.