Marcy Venture Partners Merges with Pendulum Holdings Investment Arm

Marcy Venture Partners, the venture capital firm co-founded by rapper and entrepreneur Jay-Z, recently merged with Pendulum Opportunities, the investment arm of Pendulum Holdings, creating a new entity called MarcyPen Capital Partners with a reported $900 million in assets under management.
Prior to the merger, Pendulum Opportunities had plans to raise Fund II with $250 million in commitments, which is now moving forward under the name MarcyPen Opportunities Fund II. An SEC filing revealed that the fund has already secured over $100 million toward its target.
The founders of Marcy Venture Partners – Jay-Z, Jay Brown, and Larry Marcus – established the firm in 2018. Brown, known for co-founding Roc Nation, and Marcus, co-founder of Walden VC, have been actively managing Marcy Venture Partners and have backed numerous companies such as Partake Foods, Altro, Madison Reed, Andie, AVALINE, Fabletics, Wyze Labs, and Rihanna’s Savage X Fenty.
On the other hand, Pendulum, founded in 2019 by Robbie Robinson and his wife D’Rita, has invested in companies like Greenwood Bank and Adwoa Beauty, with Robbie having previously served as an advisor to the Obama family.
Interestingly, Marcy Venture Partners derived its name from Marcy Houses, the housing projects in Brooklyn where Jay-Z spent his childhood. The firm’s focus on investments in Consumer & Culture sectors highlights their commitment to positive impacts such as sustainability, inclusivity, empowerment, and health and wellness.