May 10, 2024

Jay-Z’s Marcy Venture Partners Eyes Billion-Dollar Merger With Investment Arm Of Pendulum Holdings

Jay Z

Marcy Venture Partners (MVP), co-founded by “Jay-Z” Carter, is reportedly nearing a significant merger with Pendulum Holdings’ investment arm

Merger Talks

According to Bloomberg, the merger could create a new entity with over $1 billion in assets under management.

Sources close to the discussions, who preferred to remain anonymous, have indicated that the merger between these two California-based powerhouses is almost finalized.

Both entities have declined to comment on these speculations. 

Culture-driven investments

Marcy Venture Partners, established in 2018 by Jay-Z alongside Jay Brown and Larry Marcus, has demonstrated an eye for culture-driven investments. 

Its diverse portfolio boasts Rihanna’s Savage x Fenty, Iddris Sandu’s Spatial Labs, vegan chicken nugget startup Merit Beauty, kitchenware brand Our Place, and the parenting resource Babylist.

Read: Jay-Z Backed Tech Founder, Iddris Sandu, Is Bringing Fashion To The Blockchain

Pendulum, founded a year after MVP by Robbie and D’Rita Robinson, invests in unique brands like Chinese food company Fly by Jing and co-working space provider Saltbox. 

Robbie Robinson’s resume includes a stint as a financial advisor to Obama, further cementing Pendulum’s reputation in financial circles.

Sara Keenan

Tech Reporter at POCIT. Following her master's degree in journalism, Sara cultivated a deep passion for writing and driving positive change for Black and Brown individuals across all areas of life. This passion expanded to include the experiences of Black and Brown people in tech thanks to her internship experience as an editorial assistant at a tech startup.