Marcy Venture Partners, co-founded by Jay-Z, has merged with Pendulum Holdings’ investment arm, Pendulum Opportunities, to establish a new firm: MarcyPen Capital Partners.
The merger brings together two prominent Black-owned investment firms, combining resources to oversee a total of $900 million in assets, a spokesperson confirmed to TechCrunch.
Two Black-owned investment firms
Marcy Venture Partners was founded in 2018 by Jay-Z, Jay Brown (Roc Nation co-founder), and venture capitalist Larry Marcus.
Known for backing brands like Rihanna’s Savage x Fenty, Partake Foods, and web3 startup Spatial Labs, the firm has a record of investing in forward-thinking companies.
Pendulum Holdings, established in 2019 by Robbie Robinson (former advisor to the Obama family) and D’Rita Robinson, has also made waves in private equity.
Their portfolio includes investments such as Greenwood Bank and haircare brand Adwoa Beauty.
MarcyPen Opportunities Fund II
This news of the merger comes as Jay-Z moves to dismiss a civil lawsuit alleging rape of a minor in 2000, a case that also involves Sean “Diddy” Combs.
However, public records show that the merger was formalized around September.
Prior to the merger, Pendulum Opportunities had been raising its $250 million Fund II, which will now continue under the new name MarcyPen Opportunities Fund II.
According to an SEC filing, the fund has secured over $100 million to date, highlighting early investor confidence.
