Jay-Z’s Marcy Venture Partners Merges with Pendulum to Form $900M Investment Powerhouse
In a strategic move reshaping the venture capital landscape, Jay-Z’s Marcy Venture Partners (MVP) has merged with Pendulum Opportunities, the investment arm of Pendulum Holdings, to create MarcyPen Capital Partners. The newly formed entity boasts $900 million in assets under management, according to PitchBook data.
Key Details of the Merger
- New Entity: MarcyPen Capital Partners combines MVP’s consumer and tech expertise with Pendulum’s focus on diverse founders.
- Timing: Regulatory filings suggest the merger was finalized in September 2024.
- Fundraising Momentum: Pendulum’s planned \(250M Fund II continues under the MarcyPen banner, with **\)100M already secured** (per SEC filings).
The Power Players Behind MarcyPen
Marcy Venture Partners (Founded 2018)
- Founders: Jay-Z, Roc Nation co-founder Jay Brown, and Walden VC veteran Larry Marcus.
- Notable Investments: Rihanna’s Savage x Fenty, web3 firm Spatial Labs, and Partake Foods.
Pendulum Holdings (Founded 2019)
- Founders: Obama family advisor Robbie Robinson and wife D’Rita Robinson.
- Portfolio Highlights: Greenwood Bank (fintech) and Adwoa Beauty (haircare).
Why This Merger Matters
This union creates one of the largest Black-owned investment firms, amplifying capital access for underrepresented entrepreneurs. Both firms share a track record of backing disruptive brands at the intersection of culture and innovation.
Sources: PitchBook, SEC filings, California Secretary of State records
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