Andreessen Horowitz registers as RIA
April 3, 2019- Share:
Andreessen Horowitz has filed to become a registered investment advisor, according to a feature on the firm from Forbes. The move signifies an official transition away from exclusively pursuing venture capital and into a greater range of investment vehicles, including cryptocurrencies. The firm's RIA registration is expected to become finalized this month upon the end of the SEC's 45-day processing period.
And another firm is already following suit: General Catalyst has likewise filed with the SEC to transition into an RIA, according to Recode's Teddy Schleifer.
Forbes also reported that a16z plans to announce a new growth fund with between $2 billion and $2.5 billion in commitments sometime "in the coming weeks" that will be led by newly appointed partner David George. Founded in 2009 in Menlo Park, a16z is an investor in consumer and enterprise tech startups that's raised $7.1 billion across seven funds since its inception. Its portfolio contains several unicorns, including investments in Airbnb, Robinhood and an approximately $1 billion stake in Lyft.
Related read: 9 big things: In Lyft IPO, a16z makes a killing
And another firm is already following suit: General Catalyst has likewise filed with the SEC to transition into an RIA, according to Recode's Teddy Schleifer.
Forbes also reported that a16z plans to announce a new growth fund with between $2 billion and $2.5 billion in commitments sometime "in the coming weeks" that will be led by newly appointed partner David George. Founded in 2009 in Menlo Park, a16z is an investor in consumer and enterprise tech startups that's raised $7.1 billion across seven funds since its inception. Its portfolio contains several unicorns, including investments in Airbnb, Robinhood and an approximately $1 billion stake in Lyft.
Related read: 9 big things: In Lyft IPO, a16z makes a killing
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