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MarcyPen Capital Partners

Full company profile

uuid0006umy

Namestring
MarcyPen Capital Partners
Legal namestring
MarcyPen Capital Partners
Company typeenum
Private
Founded yearstring
-
Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
11–50
akta.pro rankint
HeadquartersBeverly Hills, United States
HQ citystring
Beverly Hills
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices2 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
growth-stage venture capital, consumer private equity, strategic capital investing, impact-oriented investment, joint venture fund management
Industry1 code
1Sector-Focused Venture Capital (Vertical Specialists)
CodeFSANAAADPrimaryYes
NAICS code2 codes
  • Portfolio Management and Investment Advice523940
  • All Other Financial Investment Activities52399
SIC code1 code
  • Security Brokers, Dealers & Flotation Companies6211
Product category
Private Equity and Venture Capital
Social media profiles1 record
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model2 records
1Investment Management Fees
TypeManaged Services
Description

MarcyPen Capital Partners generates revenue through management fees on assets under management as a private equity and venture capital firm. The firm manages approximately $1.1 billion in assets following the merger of Marcy Venture Partners and Pendulum Opportunities.

blackenterprise.com
2Carried Interest / Investment Returns
TypeTransaction Fee
Description

Returns generated from successful portfolio company exits and investments drive performance-based compensation typical of PE/VC fund structures.

vibe.com
Marketing channels3 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels2 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Operations, Marketing or Sales, Technology or R&D, Others
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

MarcyPen Capital Partners is a private equity and venture capital firm that provides strategic capital to early and growth-stage consumer businesses that create, move, and lead culture. The firm invests through direct equity rounds, lead/co-investor positions, acquisitions, and joint venture funds, including Fund II ($250M target) and the MarcyPen Asia joint venture fund ($500M with Hanwha Asset Management). It manages approximately $1.1 billion in assets under management following the 2024 merger of Marcy Venture Partners and Pendulum Opportunities.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

MarcyPen Capital Partners is an investment firm and global investment platform that provides strategic capital to growth-stage consumer businesses that create, move, and lead culture. Founded through a 2024 merger between Jay-Z's Marcy Venture Partners and Pendulum Opportunities, the firm manages approximately $1.1 billion in assets with a focus on Black-owned and operated businesses, and has launched a $500 million joint venture with Hanwha Asset Management called MarcyPen Asia focused on Korean cultural and lifestyle investments.

Product and service3 records
1MarcyPen Capital Partners Fund II
CategoryPrivate Equity / Venture Capital Fund
Description

A growth-stage private equity fund targeting $250 million in capital, providing strategic capital to growth-stage consumer businesses that create, move, and lead culture. Available to limited partners and deployed across portfolio companies in retail, e-commerce, beauty, fashion, food and beverage, media, sports, and lifestyle sectors.

2MarcyPen Asia Fund
CategoryPrivate Equity / Venture Capital Fund
Description

A $500 million joint venture fund (60% MarcyPen, 40% Hanwha Asset Management) focused on growth equity investments in Korean entertainment and cultural businesses, K-culture and Asian lifestyle companies across beauty, food and beverage, fashion, media, and sports sectors. Available to limited partners and portfolio companies seeking strategic capital and Asian market access.

3Direct Investment and Co-investment Services
CategoryInvestment Management Services
Description

Direct equity investments, lead and co-investor positions in funding rounds, and acquisitions of growth-stage consumer businesses. Includes leading Series B rounds (REBEL), participating in late-stage growth rounds (Quince Series E), and acquiring majority stakes (The GLD Shop, jointly with Brand Velocity Group). Available to founders and executives of growth-stage consumer brands.

Scale indicator6 records

Each record includes

Type, Value, Description, Source

Partnership2 partners
1Savannah James (Signed)
Strategic tierMinorTypeGTM or Marketing PartnerAnnounced on2026-07-07
Description

MarcyPen Capital Partners partnered with Savannah James and her business partner April McDaniel to launch Signed, a holding company housing Crown+Conquer, Let It Break, and Everybody's Crazy. MarcyPen provides capital and strategic support for scaling the platform.

si.com
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2025-12-01
Description

MarcyPen and Hanwha Asset Management established MarcyPen Asia, a joint venture where MarcyPen owns 60% and leads management and operations, while Hanwha holds 40% providing regulatory support and local market expertise. The venture targets a $500 million fund for K-culture and lifestyle investments. The partnership was first announced in December 2025 and received regulatory approval before launching.

Recent move8 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Forerunner Ventures is a leading consumer-focused early and growth-stage venture firm with a portfolio anchored around culture-shaping retail and lifestyle brands (e.g., Glossier, Warby Parker, Dollar Shave Club). Both firms pursue a consumer/culture-thesis, growth-equity strategy targeting founder-led brands, making it the closest direct competitor in vertical specialty.

TypeDirect peer
Description

Lerer Hippeau is a New York-based seed and Series A venture firm specializing in consumer, media, and commerce startups. The firm shares MarcyPen's emphasis on culture-driven, founder-led consumer businesses, and operates at overlapping stages with similar thesis construction.

TypeDirect peer
Description

Imaginary Ventures is a consumer and lifestyle-focused venture firm co-founded by industry operator-investors; it backs consumer brands across beauty, fashion, food, and wellness with a culture-led thesis—almost identical stage and sector profile to MarcyPen's growth-stage consumer playbook.

TypeDirect peer
Description

Cult Capital is a venture firm focused on the creator economy, culture, and consumer brands, providing capital and operating support to artist-led and culturally driven businesses. The thesis and celebrity-connected deal flow closely parallel MarcyPen's culture-and-founder-focused investment approach.

TypeEmerging player
Description

UTA Ventures is the investment arm of United Talent Agency, deploying capital into entertainment, media, and consumer brands built around talent and creators. It is a comparable cultural-capital investor with strong entertainment-industry ties, similar to MarcyPen's celebrity-and-culture-rooted strategy.

TypeBroad incumbent
Description

Andreessen Horowitz is a broad-based venture platform with dedicated consumer and cultural franchises, deploying capital across stages and into brands, marketplaces, and culture-rooted startups. As a much larger incumbent, a16z overlaps with MarcyPen's thesis around cultural consumer investing but at vastly greater scale and across multiple verticals.

TypeDirect peer
Description

ICONIQ Capital is a growth-stage investment firm that led Quince's $500M Series E in which MarcyPen co-invested; it focuses on growth equity in tech-enabled consumer and enterprise companies. As a direct co-investor and lead in shared deals, ICONIQ is a comparable growth-consumer investor.

TypeBroad incumbent
Description

Main Street Advisors is a diversified lower-middle-market private equity firm investing across consumer, business services, and growth-oriented companies. As a broader PE incumbent with consumer exposure, it provides a useful benchmark on PE fund-of-fund structures and consumer-focused capital deployment at scale.

TypeOthers
Description

Hanwha Asset Management is the Korean asset manager holding 40% of the MarcyPen Asia JV and contributing ~$200M to the $500M K-culture platform. Although not a competing investor, it is the most strategically significant partner given shared economic exposure, regulatory coordination, and co-deal origination in Asian markets.

TypeEmerging player
Description

Cowboy Ventures is an early-stage venture firm founded by Aileen Lee, focused on seed-stage consumer, enterprise, and frontier tech. It shares the culture- and founder-led orientation but operates earlier in the lifecycle than MarcyPen's growth-stage focus.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers4 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment4 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles2 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries1 record

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment5 records

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

MarcyPen Capital Partners

Private Equity and Venture Capitalmarcypen.com

MarcyPen Capital Partners firmographics

Firmographics
Name
MarcyPen Capital Partners
Legal name
MarcyPen Capital Partners
Website
https://marcypen.com
Company type
Private
Operating status
Operating
Headcount range
11–50 employees
Ownership category
akta.pro rank

MarcyPen Capital Partners industry classification

Industry
Product category
Private Equity and Venture Capital
NAICS
Portfolio Management and Investment Advice (523940), All Other Financial Investment Activities (52399)
SIC
Security Brokers, Dealers & Flotation Companies (6211)
akta.pro primary industry
Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD)

Keywords

  • Growth-stage venture capital
  • Consumer private equity
  • Strategic capital investing
  • Impact-oriented investment
  • Joint venture fund management

Where MarcyPen Capital Partners is headquartered

Location

Headquarters

HQ city
Beverly Hills
HQ country
United States
HQ region
North America

Offices2 records

Markets served

MarcyPen Capital Partners business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

  1. Investment Management Fees: MarcyPen Capital Partners generates revenue through management fees on assets under management as a private equity and venture capital firm. The firm manages approximately $1.1 billion in assets following the merger of Marcy Venture Partners and Pendulum Opportunities.
  2. Carried Interest / Investment Returns: Returns generated from successful portfolio company exits and investments drive performance-based compensation typical of PE/VC fund structures.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

MarcyPen Capital Partners product offering

Product offering

Core offering

MarcyPen Capital Partners is a private equity and venture capital firm that provides strategic capital to early and growth-stage consumer businesses that create, move, and lead culture. The firm invests through direct equity rounds, lead/co-investor positions, acquisitions, and joint venture funds, including Fund II ($250M target) and the MarcyPen Asia joint venture fund ($500M with Hanwha Asset Management). It manages approximately $1.1 billion in assets under management following the 2024 merger of Marcy Venture Partners and Pendulum Opportunities.

Product overview

MarcyPen Capital Partners is an investment firm and global investment platform that provides strategic capital to growth-stage consumer businesses that create, move, and lead culture. Founded through a 2024 merger between Jay-Z's Marcy Venture Partners and Pendulum Opportunities, the firm manages approximately $1.1 billion in assets with a focus on Black-owned and operated businesses, and has launched a $500 million joint venture with Hanwha Asset Management called MarcyPen Asia focused on Korean cultural and lifestyle investments.

Differentiator

Problem solved

Functional benefit

Products and services

  • MarcyPen Capital Partners Fund II A growth-stage private equity fund targeting $250 million in capital, providing strategic capital to growth-stage consumer businesses that create, move, and lead culture. Available to limited partners and deployed across portfolio companies in retail, e-commerce, beauty, fashion, food and beverage, media, sports, and lifestyle sectors.
  • MarcyPen Asia Fund A $500 million joint venture fund (60% MarcyPen, 40% Hanwha Asset Management) focused on growth equity investments in Korean entertainment and cultural businesses, K-culture and Asian lifestyle companies across beauty, food and beverage, fashion, media, and sports sectors. Available to limited partners and portfolio companies seeking strategic capital and Asian market access.
  • Direct Investment and Co-investment Services Direct equity investments, lead and co-investor positions in funding rounds, and acquisitions of growth-stage consumer businesses. Includes leading Series B rounds (REBEL), participating in late-stage growth rounds (Quince Series E), and acquiring majority stakes (The GLD Shop, jointly with Brand Velocity Group). Available to founders and executives of growth-stage consumer brands.

Companies that use MarcyPen Capital Partners

Customer profile

Named customers4 records

Segments4 records

Ideal customer profiles3 records

MarcyPen Capital Partners technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

MarcyPen Capital Partners partnerships and signals

Strategic signal

Partnerships

Two partnerships are on record, tiered minor and core.

  • Savannah James (Signed)minorGTM or Marketing Partner · 7 July 2026MarcyPen Capital Partners partnered with Savannah James and her business partner April McDaniel to launch Signed, a holding company housing Crown+Conquer, Let It Break, and Everybody's Crazy. MarcyPen provides capital and strategic support for scaling the platform.
  • Hanwha Asset ManagementcoreStrategic or Co-development Partner · 1 December 2025MarcyPen and Hanwha Asset Management established MarcyPen Asia, a joint venture where MarcyPen owns 60% and leads management and operations, while Hanwha holds 40% providing regulatory support and local market expertise. The venture targets a $500 million fund for K-culture and lifestyle investments. The partnership was first announced in December 2025 and received regulatory approval before launching.

Scale indicators6 records

Recent moves8 records

Expansion highlights6 records

MarcyPen Capital Partners competitors and assessment

Company assessment

Direct peers

  • Forerunner Ventures: Forerunner Ventures is a leading consumer-focused early and growth-stage venture firm with a portfolio anchored around culture-shaping retail and lifestyle brands (e.g., Glossier, Warby Parker, Dollar Shave Club). Both firms pursue a consumer/culture-thesis, growth-equity strategy targeting founder-led brands, making it the closest direct competitor in vertical specialty.
  • Lerer Hippeau: Lerer Hippeau is a New York-based seed and Series A venture firm specializing in consumer, media, and commerce startups. The firm shares MarcyPen's emphasis on culture-driven, founder-led consumer businesses, and operates at overlapping stages with similar thesis construction.
  • Imaginary Ventures: Imaginary Ventures is a consumer and lifestyle-focused venture firm co-founded by industry operator-investors; it backs consumer brands across beauty, fashion, food, and wellness with a culture-led thesis—almost identical stage and sector profile to MarcyPen's growth-stage consumer playbook.
  • Cult Capital: Cult Capital is a venture firm focused on the creator economy, culture, and consumer brands, providing capital and operating support to artist-led and culturally driven businesses. The thesis and celebrity-connected deal flow closely parallel MarcyPen's culture-and-founder-focused investment approach.
  • ICONIQ Capital: ICONIQ Capital is a growth-stage investment firm that led Quince's $500M Series E in which MarcyPen co-invested; it focuses on growth equity in tech-enabled consumer and enterprise companies. As a direct co-investor and lead in shared deals, ICONIQ is a comparable growth-consumer investor.

Emerging players

  • UTA Ventures: UTA Ventures is the investment arm of United Talent Agency, deploying capital into entertainment, media, and consumer brands built around talent and creators. It is a comparable cultural-capital investor with strong entertainment-industry ties, similar to MarcyPen's celebrity-and-culture-rooted strategy.
  • Cowboy Ventures: Cowboy Ventures is an early-stage venture firm founded by Aileen Lee, focused on seed-stage consumer, enterprise, and frontier tech. It shares the culture- and founder-led orientation but operates earlier in the lifecycle than MarcyPen's growth-stage focus.

Broad incumbents

  • Andreessen Horowitz (a16z): Andreessen Horowitz is a broad-based venture platform with dedicated consumer and cultural franchises, deploying capital across stages and into brands, marketplaces, and culture-rooted startups. As a much larger incumbent, a16z overlaps with MarcyPen's thesis around cultural consumer investing but at vastly greater scale and across multiple verticals.
  • Main Street Advisors: Main Street Advisors is a diversified lower-middle-market private equity firm investing across consumer, business services, and growth-oriented companies. As a broader PE incumbent with consumer exposure, it provides a useful benchmark on PE fund-of-fund structures and consumer-focused capital deployment at scale.

Others

  • Hanwha Asset Management: Hanwha Asset Management is the Korean asset manager holding 40% of the MarcyPen Asia JV and contributing ~$200M to the $500M K-culture platform. Although not a competing investor, it is the most strategically significant partner given shared economic exposure, regulatory coordination, and co-deal origination in Asian markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

MarcyPen Capital Partners social profiles

Digital presence

MarcyPen Capital Partners financial estimates

Financial estimate

Revenue estimate

Valuation estimate

MarcyPen Capital Partners leadership team

Management profile

Number of profiles

Profiles2 records

MarcyPen Capital Partners subsidiaries and ownership

Company hierarchy

Subsidiaries1 record

MarcyPen Capital Partners funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

MarcyPen Capital Partners M&A and investment

M&A and investment

M&A2 records

Investments5 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MarcyPen Capital Partners

What does MarcyPen Capital Partners do?

MarcyPen Capital Partners is a private equity and venture capital firm that provides strategic capital to early and growth-stage consumer businesses that create, move, and lead culture. The firm invests through direct equity rounds, lead/co-investor positions, acquisitions, and joint venture funds, including Fund II ($250M target) and the MarcyPen Asia joint venture fund ($500M with Hanwha Asset Management). It manages approximately $1.1 billion in assets under management following the 2024 merger of Marcy Venture Partners and Pendulum Opportunities.

Is MarcyPen Capital Partners a public or private company?

MarcyPen Capital Partners is a private company. It is classified as founder individual operated bootstrapped and is currently operating.

When was MarcyPen Capital Partners founded?

MarcyPen Capital Partners was founded in -1. It employs 11 to 50 people.

Where is MarcyPen Capital Partners based?

MarcyPen Capital Partners is headquartered in Beverly Hills, United States, in the North America region.

How does MarcyPen Capital Partners make money?

Two revenue lines are on record. Investment Management Fees are the primary driver. The others are carried Interest / Investment Returns.

Who are MarcyPen Capital Partners's main competitors?

Direct peers on record are Forerunner Ventures, Lerer Hippeau, Imaginary Ventures, Cult Capital and ICONIQ Capital. Emerging players are UTA Ventures and Cowboy Ventures. Broad incumbents are Andreessen Horowitz (a16z) and Main Street Advisors. Hanwha Asset Management is listed as an others.

Does MarcyPen Capital Partners have an API?

No public API is recorded for MarcyPen Capital Partners.

What industry is MarcyPen Capital Partners in?

MarcyPen Capital Partners's product category is Private Equity and Venture Capital. Its primary akta.pro industry code is FSANAAAD, Sector-Focused Venture Capital (Vertical Specialists). Its NAICS code is 523940 and its SIC code is 6211.

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Live signals
YahooIs Jay-Z’s MarcyPen Capital Partners Looking to Buy the Ownership Stake in Fenty Beauty?Jay-Z's MarcyPen Capital Partners is reportedly set to acquire LVMH's 50% stake in Fenty Beauty, with terms undisclosed. The brand, valued at $1 billion, generated about $450 million in net sales in 2024. The deal could be finalized within weeks.PuckFenty Finds Its UmbrellaMarcyPen Capital Partners is set to buy LVMH's 50% stake in Fenty Beauty, with the deal potentially closing within three to four weeks. Terms were not disclosed, and MarcyPen, co-founded by Jay-Z and D'rita Robinson, did not respond to a request for comment.NeofeedA "ressaca" que derrubou marca de uísque de US$ 1,1 bilhãoUncle Nearest Premium Whiskey, founded by Fawn Weaver in 2017, grew over 3,000% in sales and reached a valuation of $1.1 billion in 2023, becoming a major American spirits brand. In 2025, the company faces a severe financial crisis with over $110 million in debts, unpaid taxes since 2018, and lawsuits from creditors accusing it of missing targets, delaying payments, inflating inventories, and selling secured assets. Fawn Weaver and her husband were removed from management, and federal authorities are investigating suspicions that Weaver hid a $20 million loan from creditors linked to MarcyPen, which may constitute bank fraud.SiLeBron James' Wife Savannah James Makes Splash With Career AnnouncementSavannah James, wife of NBA player LeBron James, has launched Signed, a holding company that consolidates her creative agency Crown+Conquer, the women's community Let It Break, and their podcast 'Everybody's Crazy.' The venture is co-founded with longtime business partner April McDaniel and is being done in partnership with Jay-Z's MarcyPen Capital Partners. The company has hired Christopher Gray, formerly of Nike and Wieden+Kennedy London, as chief creative officer to help scale the platform.The Korea HeraldHanwha, MarcyPen launch fund platform for K-culture brandsHanwha Asset Management and US-based MarcyPen Capital Partners have launched MarcyPen Asia, a joint venture to invest in high-growth consumer brands tied to K-culture and Asian lifestyle trends across South Korea and Asia. MarcyPen owns 60 percent of the venture and will lead management and operations, while Hanwha holds the remaining 40 percent and provides regulatory support and local market expertise. The venture was first announced in December 2025 and received regulatory approval before launching, with Korea serving as its regional base for identifying companies with global expansion potential.Fast CompanySavannah James launches a triple-threat companySavannah James and her business partner April McDaniel have launched Signed, a holding company that will house their three existing ventures: the creative agency Crown+Conquer, the women's community Let It Break, and the podcast Everybody's Crazy. The new company was established in partnership with MarcyPen Capital Partners, a private equity and venture capital firm co-founded by Jay-Z, and has hired Christopher Gray as chief creative officer, who previously worked at Nike and Wieden+Kennedy London. The founders aim to use these three brands as a foundation for scaling and launching additional brands under the Signed umbrella.PeopleofcolorintechJay-Z-Backed MarcyPen Capital Partners in Discussions To Acquire LVMH’s Stake in Fenty BeautyJay-Z-backed MarcyPen Capital Partners is the leading candidate to acquire LVMH's 50% stake in Fenty Beauty, making it a co-owner with Rihanna. Fenty Beauty generated about S$450 million in net sales in 2024, with a valuation between US$1 billion and US$2 billion. MarcyPen is exploring financing options, including discussions with outside investors.Global Cosmetics NewsJay-Z-Backed MarcyPen Emerges as Leading Bidder for LVMH’s Stake in Fenty BeautyMarcyPen Capital Partners, backed by Jay-Z, is leading bids to acquire LVMH's 50% stake in Fenty Beauty, leaving Rihanna with the remaining 50%. The deal could value the brand between $1 billion and $2 billion, with Fenty Beauty generating $450 million in net sales in 2024.AfrotechJay-Z-Backed MarcyPen Capital Partners In Talks To Buy Louis Vuitton Moët Hennessy’s Stake In Fenty BeautyMarcyPen Capital Partners, backed by Jay-Z, is in talks to buy LVMH's 50% stake in Fenty Beauty. The venture, valued between $1 billion and $2 billion, is exploring financing options with Evercore. MarcyPen, which holds stakes in Savage X Fenty and Quince, has nearly $1.1 billion in assets under management.Beauty IndependentJay-Z’s MarcyPen Capital Partners Emerges As Strong Contender For Fenty BeautyMarcyPen Capital Partners, the Jay-Z-backed investment firm formed in 2024, has emerged as a leading contender to acquire luxury conglomerate LVMH's 50% stake in Fenty Beauty, with Rihanna controlling the remaining half. Fenty Beauty generated approximately $450 million in net sales in 2024 and could be valued between $1 billion and $2 billion, making this a significant transaction for MarcyPen, which manages approximately $1.1 billion in assets. Separately, MarcyPen is working with South Korean investment firm Hanwha Asset Management to raise a $500 million fund focused on South Korean lifestyle companies.