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Jay - Z ’s speculation capital business firm , Marcy Venture Partners , has commingle with another Black - owned investiture house , Pendulum Holdings ’ investment arm Pendulum Opportunities , to shape MarcyPen Capital Partners , a MarcyPen spokesperson confirm to TechCrunch .
The newly formed MarcyPen Capital Partners has $ 900 million in assets under management , allot to PitchBook .
MarcyPen ’s spokesperson correct to remark further on the matter , however , private fairness - manufacture database Preqinandrecords filedwith the California Secretary of State indicate the merger was finalized around September .
It seems MarcyPen is already moving along . Before merging with Marcy Venture Partners , Pendulum Opportunities was look to put up a $ 250 million Fund II , which it is continuing to do now under the name MarcyPen Opportunities Fund II . It has already secured a little more than $ 100 million , grant toan SEC filing .
Jay - Z , Jay Brown , and Larry Marcus found Marcy Venture Partners in 2018 . Brown is a co - founder of Roc Nation , while Marcus antecedently co - found Walden VC , which invested in Pandora Radio and theatre ticket society TodayTix . Together , the three ran Marcy Venture Partners , which back numerous companies include Partake Foods , the web3 fellowship Spatial Labs , and Rihanna ’s lingerie line Savage x Fenty .
Pendulum , meanwhile , was founded back in 2019 by Robbie Robinson , an advisorto the Obama family , and his married woman D’Rita . Pendulum has endorse company like Greenwood Bank and hair brand Adwoa Beauty , according to PitchBook .
This article was updated to ponder the proper spelling of Preqin .
