Jay-Z Makes Multi-Billion Deals With Venture Capital Firm

Jay-Z’s Marcy Venture Partners (MVP) is reportedly near finalizing a billion-dollar merger with investment firm Pendulum Holdings.

Bloomberg reports that two California-based investment entities are in advanced talks to finalize the transaction to mix net value over $1 billion. Details concerning the merger remain under wraps as sources with the knowledge asked to stay anonymous.

This is a big step for Marcy Ventures since its 2018 launch. Jay-Z co-founded the San Francisco and Los Angeles-based company with former Roc Nation CEO Jay Brown and former Walden VC General Partner Larry Marcus and named it after Marcy Projects from Brooklyn, where he grew up.

“The company’s passion for building innovative businesses and mass brands”, as mentioned in your website, helped her amass a group of “consumer and culture”-focused corporations equivalent to Rihanna’s Savage Fenty, Merit Beauty, Our Place and Babylist. In the food area, MVP supported the producer of vegan chicken nuggets Simulate, the Swedish oat milk producer Oatly, the producer of allergen-free cookies Parttake Foods and Impossible Foods Inc., in addition to Serena Williams and Katy Perry.

There are also huge stakes within the tech space, including a crypto security company, a phone case maker, and an electrical bike maker. Investments so far activate StockX sneaker marketplace and therapeutic tools from Therabody.

“Our companies are led by exceptional leadership teams with clear vision, purpose and execution excellence,” says MVP.

“We lead or co-invest in companies that have significant brand equity, high customer delight from a unique product, demonstrated growth and clear catalysts for achieving the next level of scale.”

A merger with Pendulum would mean that Jay-Z’s MVP can be husband and wife team Robbie and D’Rita Robinson. Robbie has experience working at Goldman Sachs and as a financial advisor to Barack Obama. Pendulum’s holdings include Chinese food brand Fly by Jing Inc., Founders Table Restaurant Group and coworking and warehousing services provider Saltbox.