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Jay-Z

is taking his successes and investing. According to sources, Jay

has vouched for a new label, Carter Faculty.

The label, which will be run by Tyran Smith and Jay’s cousin,

Bryant Biggs will also be distributed through Def Jam.

Although

it is not clear what financial stake Jay has in the the label,

Smith said that he wasn’t a partner. The label will be a separate

entity from Roc-A-Fella and other holdings that Jay-Z has. Smith

currently manages Memphis Bleek, and has already signed the first

act to the label, Da

Ranjahz. Their

debut album, Build And Destroy should hit shelves in the middle

of 2001.

Jay-Z celebrated the number one

debut of The Dynasty:Roc La Familia with a celebrity bash

at Skateland in Northridge California.