TLDR:
- Jay-Z’s Marcy Venture Partners is reportedly nearing a deal with Pendulum Investment Arm.
- The merger of the two California-based entities would have over $1 billion in assets under management.
Reports indicate that Marcy Venture Partners, co-founded by Jay-Z, is in advanced talks to merge with the investment arm of Pendulum Holdings. This potential merger would create a combined entity with more than $1 billion in assets under management. Marcy Venture Partners, founded in 2018 by Jay-Z, Jay Brown, and Larry Marcus, has made investments in various companies such as a vegan chicken nugget startup, Merit Beauty, and Babylist. Pendulum, co-founded in 2019 by Robbie and D’Rita Robinson, has investments in companies like Fly by Jing Inc. and Founders Table Restaurant Group. Robbie Robinson, a former Goldman Sachs employee who has advised Barack Obama, leads Pendulum. While representatives from both firms have declined to comment on the potential merger, if finalized, it could significantly impact the investment landscape in California and beyond.
