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TLDR:
- Jay-Z’s Marcy Venture Partners is close to finalizing a billion-dollar merger with investment firm Pendulum Holdings.
- The merger would combine more than $1 billion in assets and align Jay-Z’s MVP with Pendulum’s husband-and-wife team, Robbie and D’Rita Robinson.
Article Summary
Jay-Z’s Marcy Venture Partners is reportedly close to finalizing a billion-dollar merger with the investment arm of Pendulum Holdings, a California-based investment firm. The deal, which would combine more than $1 billion in assets, is currently in advanced talks, with details remaining undisclosed as sources prefer to stay anonymous. Marcy Venture Partners, co-founded by Jay-Z with Jay Brown and Larry Marcus, focuses on building innovative businesses and mass-market brands. The company has invested in various consumer and tech-driven businesses, including vegan chicken nuggets maker Simulate and Swedish oat-milk maker Oatly.
The potential merger with Pendulum would align Marcy Venture Partners with Robbie and D’Rita Robinson, who have backgrounds in finance and currently hold holdings in several businesses. This move signifies a significant step for Marcy Venture Partners since its inception in 2018, as it continues to expand its investment portfolio and strategic partnerships within the industry.
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