Court documents reveal a substantial loan from Jay-Z to Fawn Weaver’s whiskey company Uncle Nearest.
According to Farm Credit Mid-America’s recent court filing, Fawn Weaver told the lender that the $20 million was a loan from her Grant Sidney company.
Farm Credit alleges the $20 million loan was issued through Jay-Z’s venture capital firm, MarcyPen.
MarcyPen was launched in late 2024 by Jay-Z and business partners Jay Brown, Larry Marcus, Robbie Robinson and D’Rita Robinson.
According to court records, MarcyPen provided $20 million to Fawn and her husband Keith Weaver, owners of the first black-owned whiskey distillery named in honor of a Black American.
Farm Credit Mid-America, the Weavers’ main creditor, claims Uncle Nearest failed to disclose the true source of the $20 million loan.
Farm Credit sued the Weavers for $108 million in 2025. The lawsuit claimed the Weavers, owners of Uncle Nearest, Nearest Green Distillery, and Uncle Nearest Real Estate Holdings, failed to repay $108 million from several loans last year.
Farm Credit accused the Weavers of hiding assets including Jay-Z’s $20 million loan.
In August 2025 a judge ordered the Weavers to give up control of Uncle Nearest.
A federal judge in Tennessee placed Uncle Nearest whiskey distillery under a court-appointed receivership.
In a February brief, Farm Credit wrote, “The evidence clearly demonstrates that Fawn Weaver and the prior management team have an egregious inability to effectively manage Uncle Nearest and navigate it out of its distressed situation.”
But Fawn Weaver said she remains unbothered by her legal challenges.
“Just know, I started this process unbothered and unmoved. I remain unbothered and unmoved,” she said.
