Andreessen Horowitz’s Formation of Third Cultural Leadership Fund

Kirkland & Ellis advised Andreessen Horowitz on the transaction.

Andreessen Horowitz (a16z) announced the formation of its third Cultural Leadership Fund (CLF III), a venture capital fund with an investor base consisting entirely of Black cultural leaders and organizations committed to Black ownership and wealth generation. The Cultural Leadership Fund at a16z was founded to address gaps in access and equity for Black communities in technology. CLF III will invest in a16z portfolio companies across industries, including consumer, crypto, enterprise, fintech, and healthcare/biotech. 

Andreessen Horowitz (a16z) is a venture capital firm in Silicon Valley, California, that backs bold entrepreneurs building the future through technology.

The Kirkland team was led by investment funds partner Matthew Smith (Picture). The team included tax partner Joel Peters-Fransen, investment funds regulatory solutions partner Matt Cohen and associates Courtney Chen, Charles Chen, Randy Coffey, Charles Koech, Aubrey Trudeau, Duncan Grimm and Mark Raymond, with contributions from investment funds partners Daniel Lavon-Krein, Jonathan Lipnick and Sabrina Glaser.

Involved fees earner: Charles Chen – Kirkland & Ellis; Courtney Chen – Kirkland & Ellis; Randy Coffey – Kirkland & Ellis; Matthew Cohen – Kirkland & Ellis; Sabrina Glaser – Kirkland & Ellis; Duncan Grimm – Kirkland & Ellis; Charles Koech – Kirkland & Ellis; Daniel Lavon-Krein – Kirkland & Ellis; Jonathan Lipnick – Kirkland & Ellis; Joel Peters-Fransen – Kirkland & Ellis; Mark Raymond – Kirkland & Ellis; Matthew Smith – Kirkland & Ellis; Aubrey Trudeau – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Andreessen Horowitz LLC;