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Jay-Z’s Marcy Venture Partners merges with investment arm of Pendulum Holdings
Exclusive: MarcyPen Capital Partners has $900 million in assets under management, according to Pitchbook.
Jay Z’s venture capital firm, Marcy Venture Partners, has merged with another Black-owned investment firm, Pendulum Holding’s investment arm Pendulum Opportunities, to form MarcyPen Capital Partners, a MarcyPen spokesperson confirmed to TechCrunch. 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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