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Jay-Z's Marcy Venture Partners Is Reportedly In Discussions To Undergo A $1 Billion Merger

Updated: May 17

Jay-Z. Portrait by Raven B. Varona.

As reported by AFROTECH, Jay-Z's Marcy Venture Partners may undergo significant changes soon, according to recent reports. The venture capital firm, founded in 2018, aims to create "innovative businesses and mass-market brands" with a focus on sustainability, inclusivity, empowerment, accessibility, and health and wellness, as stated on its website.

The firm has invested in over 24 companies, including Wheels, Hungry Marketplace, and Rihanna's Savage X Fenty lingerie brand, as previously reported by AFROTECH.

In 2022, Marcy Venture Partners participated in a $33 million funding round for Madison Reed, a premier beauty brand, and backed technologist Iddris Sandu's tech incubator, Spatial Labs.

JAY-Z (L) and spatial LABS Founder, Iddris Sandu (R) [Photo Credit : Lenny “Kodaklens” Santiago]

"Aligning with Marcy Venture Partners assists with our vision for elevating the youth as it relates to access and a means to true technological empowerment," Sandu said at the time. "The lasting impact of this relationship is not simply defined by the work we're doing now, but by the immeasurable impact for generations of creators to come."

To support its efforts, Marcy Venture Partners closed its debut fund with $85 million in 2020 and raised an impressive $325 million in its second funding round a year later, managing $600 million in assets, according to group co-founder Larry Marcus, as reported by TechCrunch.

vRobbie and D'Rita Robinson serve as Pendulum’s chief executive and chief operating officer, respectively. PHOTO: PENDULUM

Bloomberg reports that Marcy Venture Partners is currently in talks to merge with Pendulum Holdings' investment arm, according to sources close to the matter. Pendulum Holdings, founded by married couple Robbie and D'Rita Robinson in 2019, has invested in companies such as Fly by Jing Inc. and Founders Table Restaurant Group.

If the agreement goes through, the combined assets of the two firms will exceed $1 billion. Sources suggest that a deal is close to being finalized.

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