Andreessen Horowitz plans to raise its first private equity fund, according to disclosures reviewed by Fortune, in yet another sign of the venture capital giant's push into new businesses.
The documents, filed with the Securities and Exchange Commission at the end of March, say that the fund will be called a16z Perennial Private Equity Fund, and that it will “invest in the private equity asset class,” without revealing further details or a launch date. It’s unclear whether the fund will invest directly in companies or whether it will invest in third-party PE funds.
