Potential Merger in the Works for Jay-Z’s Marcy Venture Partners

Major changes may be on the horizon for Jay-Z’s Marcy Venture Partners, a venture capital firm focused on building innovative businesses and mass-market brands. Established in 2018, the firm has made significant investments in companies that align with its values of sustainability, inclusivity, empowerment, accessibility, and health and wellness.

With an impressive investment portfolio that includes companies like Wheels, Hungry Marketplace, and Rihanna’s Savage X Fenty lingerie brand, Marcy Venture Partners has been making waves in the business world. The firm closed its debut fund with $85 million in 2020 and raised an additional $325 million in its second funding round the following year.

Now, according to reports from Bloomberg, Marcy Venture Partners is in talks to merge with Pendulum Holdings’ investment arm. Pendulum Holdings, founded by Robbie and D’Rita Robinson in 2019, has made investments in companies such as Fly by Jing Inc. and Founders Table Restaurant Group. If the merger goes through, it would result in more than $1 billion in combined assets.

Representatives for Marcy Venture Partners and Pendulum Holdings have not yet commented on the potential merger, but sources close to the matter suggest that a deal is close to being finalized. This partnership could lead to even greater opportunities for both firms and the companies they support. Stay tuned for more updates on this developing story.