Jay-Z's Marcy Venture Partners Merges with Pendulum Holdings

Marcy Venture Partners and Pendulum Opportunities Merge

Jay-Z’s investment firm, Marcy Venture Partners, has combined forces with Pendulum Opportunities, the investment division of Black-owned Pendulum Holdings.

This consolidation has resulted in the creation of MarcyPen Capital Partners, as verified by a representative for MarcyPen to TechCrunch.

Assets Under Management

According to data from PitchBook, MarcyPen Capital Partners currently manages assets totaling $900 million.

Further details regarding the merger were not disclosed by a MarcyPen spokesperson.

Merger Finalization and Ongoing Fundraising

Records with the California Secretary of State and information from the private equity database Preqin suggest the merger was completed approximately in September.

Prior to the merger, Pendulum Opportunities was actively seeking $250 million for its Fund II.

This fundraising effort is continuing under the new name, MarcyPen Opportunities Fund II, and has already attracted over $100 million in commitments, as indicated in a filing with the SEC.

Background of the Founding Firms

Marcy Venture Partners was established in 2018 by Jay-Z, Jay Brown, and Larry Marcus.

Jay Brown serves as a co-founder of Roc Nation, while Larry Marcus formerly co-founded Walden VC, an investor in companies like Pandora Radio and TodayTix.

Marcy Venture Partners has previously invested in a diverse portfolio of companies, including Partake Foods, Spatial Labs (a web3 firm), and Savage x Fenty, Rihanna’s lingerie brand.

Pendulum’s History and Investments

Pendulum was founded in 2019 by Robbie Robinson, who has advised the Obama family, and his wife, D’Rita.

Pendulum’s investment portfolio includes companies such as Greenwood Bank and the hair care brand Adwoa Beauty, as reported by PitchBook.

Update

A correction has been made to accurately reflect the spelling of Preqin in this article.