Jay-Z's venture capital firm, Marcy Venture Partners, has merged with Pendulum Holdings' investment arm Pendulum Opportunities, forming MarcyPen Capital Partners.
The newly formed MarcyPen Capital Partners manages $900 million in assets.
MarcyPen Opportunities Fund II, formerly known as Pendulum Opportunities' Fund II, is currently raising a $250 million fund and has already secured over $100 million.
Marcy Venture Partners, co-founded by Jay-Z, Jay Brown, and Larry Marcus, has previously invested in companies such as Partake Foods, Spatial Labs, and Savage x Fenty.