Jay Z’s Marcy Venture Partners merges with investment arm of Pendulum Holdings

Quick Summary:

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.

It has already secured a little more than $100 million, according to an SEC filing.

Pendulum, meanwhile, was founded back in 2019 by Robbie Robinson, an advisor to the Obama family, and his wife D’Rita.

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Article Details

Author / Journalist: Dominic-Madori Davis

Category: Technology

Markets: United States

Topics: Jay Z Exclusive Venture Roc nation Marcy Venture Partners

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-16 @ 23:02:43 (11 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 257 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 24473623

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