Jay-Z-backed MarcyPen Capital Partners is the leading candidate to purchase Louis Vuitton Moët Hennessy’s (LVMH) 50% stake in Fenty Beauty. The acquisition would make Marcy Pen a co-owner of the beauty brand alongside Rihanna, according to Global Cosmetics News. MarcyPen eyeing up Fenty Beauty LVMH has allegedly kept investment bank Evercore to explore options for its ownership stake in Fenty Beauty. The beauty brand generated around S$450 million in net sales in 2024, with a valuation between US$1 billion and US$2 billion. MarcyPen, who currently manages around S$1.1 billion in
Black-owned whiskey brand Uncle Nearest’s receivership is expanding to include the company that concealed a $20 million loan from media mogul Jay-Z, according to the Lexington Herald Leader. Judge Charles E. Atchley Jr. said that the receivership for the brand should remain and be extended to include Grant Sidney Inc., the holding company that founder Fawn Weaver used to hide a $20 million loan made last year by Jay-Z’s investment company, MarcyPen. Jay-Z loan to Uncle Nearest Filings state that Fawn Weaver told ARM Credit the $20 million was a
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
