TLDR:
- Jay-Z’s VC firm, Marcy Venture Partners, is in talks to merge with the investment arm of Pendulum Holdings, potentially resulting in over $1 billion in combined assets.
- Marcy Venture Partners, founded in 2018, has invested in various companies including a vegan chicken nugget startup, Rihanna’s lingerie line, and a tech incubator focused on the metaverse and blockchain products.
According to a report by Bloomberg, Jay-Z’s venture capital firm, Marcy Venture Partners (MVP), is currently in discussions to merge with the investment arm of Pendulum Holdings. This potential merger could lead to a combined total of more than $1 billion in assets.
MVP, founded in 2018 by Jay-Z, Jay Brown, and Larry Marcus, has made investments in a variety of companies, including a vegan chicken nugget startup, Rihanna’s lingerie line, and a tech incubator focused on the metaverse and blockchain products. Notably, MVP led a $70 million funding round for Rihanna’s lingerie line and also acquired a stake in tech incubator sLABS. This venture into the metaverse and blockchain space aims to explore the intersection of tech, culture, and humanity.
Pendulum Holdings, founded by Robbie and D’Rita Robinson in 2019, has also made investments in companies such as Fly by Jing Inc. and Founders Table Restaurant Group. If the merger with MVP’s investment arm goes through, the combined assets of the two entities are expected to surpass $1 billion.
The potential merger showcases the continued growth and expansion of Jay-Z’s venture capital endeavors, solidifying his presence in the investment landscape and further establishing his firm’s position in the market.
