Jay-Z’s Marcy Venture Partners merges with investment arm of Pendulum Holdings

Jay-Z’s venture capital firm, Marcy Venture Partners, has merged with another Black-owned investment firm, Pendulum Holdings’ investment arm Pendulum Opportunities, to form MarcyPen Capital Partners, a MarcyPen spokesperson confirmed to TechCrunch.

The newly formed MarcyPen Capital Partners has $900 million in assets under management, according to PitchBook. 

Jay-Z, Jay Brown, and Larry Marcus founded Marcy Venture Partners in 2018. Brown is a co-founder of Roc Nation, while Marcus previously co-founded Walden VC, which invested in Pandora Radio and theatre ticket company TodayTix. Together, the trio ran Marcy Venture Partners, which backed numerous companies including Partake Foods, the web3 company Spatial Labs, and Rihanna’s lingerie line Savage x Fenty. 

Pendulum, meanwhile, was founded back in 2019 by Robbie Robinson, an advisor to the Obama family, and his wife D’Rita. Pendulum has backed companies like Greenwood Bank and hair brand Adwoa Beauty, according to PitchBook. 

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