Overview
Pendulum Opportunities LLC (“Pendulum”, “we”, “our”, or the “Firm”), a Delaware limited liability
company, was founded in 2019. Pendulum currently serves as the investment adviser for and provides
discretionary investment advisory services to private investment funds including, in certain instances,
co-investment vehicles or other similar vehicles established to facilitate investments in particular
opportunities alongside a fund (“Co-Invest Vehicles” and, together with the private investment funds,
the “Funds” and each a “Fund,” as each context requires). The Funds may be structured as limited
liability companies for which Pendulum acts as managing member or limited partnerships for which
Pendulum acts as investment manager and an affiliated entity acts as general partner.
The Funds’ core focus is to make minority investments in companies with founders of color that are
approaching their next phase of growth across, but not limited to, the lifestyle and beauty, tech-
enabled services, public relations and creative, food and beverage, health and wellness and media
sectors. Pendulum’s investment advisory services to the Funds consist of identifying and evaluating
investment opportunities, structuring, and negotiating the terms of investments, managing, and
monitoring investments and achieving dispositions of such investments. Investments are made
predominantly in non-public companies, although investments in public companies are permitted in
certain instances.
Pendulum’s investment advice and authority for each Fund is tailored to the investment objectives of
that Fund. However, Pendulum does not tailor its advisory services to the individual needs of the
investors in its Funds, and Fund investors are generally not permitted to impose restrictions on the
Fund’s investment in certain securities or types of securities. Each Fund’s investment objectives are
described in that Fund’s limited liability company agreement, limited partnership agreement,
disclosure documents, and investment advisory agreement (collectively, with the relevant Fund’s
subscription agreements and other governing documents, such Fund’s “Governing Documents”).
For more information about the Funds, please see Pendulum’s Form ADV Part 1, Schedule D, Section
7.B.(1). In the future, Pendulum may serve as investment adviser to clients other than the Funds.
The principal owners of Pendulum are Elbert O. Robinson, Jr. (“Robbie”) and D’Rita Robinson.
They hold their interests in Pendulum indirectly through Pendulum Holdings, LLC and RFV LLC.
As of December 31, 2023, Pendulum managed approximately $386,146,000 on a discretionary basis.
This amount reflects regulatory assets under management as calculated in Part 1 of our Form ADV.