Harvard Management Co
HMC Plans $1 Billion Sale of Private Equity Stakes
Harvard Management Company is planning to sell nearly $1 billion of private equity fund stakes, liquidating nearly 5 percent of its private equity portfolio amid mounting threats to the University’s finances by its critics in Washington.
Harvard To Borrow $750 Million Amid Federal Funding Uncertainty
Harvard University will issue $750 million in taxable bonds this month, bringing the total offering this fiscal year to $1.2 billion, as the University faces a turbulent economy and waits to learn whether the Trump administration will shut off its federal funding tap.
General Atlantic Co-President Martín Escobari ’94 Appointed to Harvard Management Company Board
The Harvard Corporation appointed Martín Escobari ’94, co-president and head of global growth equity at the firm General Atlantic, to Harvard Management Company’s board of directors, the University announced on Wednesday.
Harvard Management Company Bets on Big Tech at End of 2024
The Harvard Management Company increased its exposure to Big Tech in its directly held stock portfolio during the final months of 2024, adding new positions in Apple, Amazon, Tesla, and Microsoft while reinforcing its already substantial investment in Meta.
Harvard Endowment Reinvests $150M in Company Tied to Israeli Settlements in Palestine
The Harvard Management Company reinvested $150 million in Booking Holdings Inc., a company under fire for its operation in Israeli settlements in the West Bank, according to its 2024 third quarter filings.
Harvard Consolidates Its Portfolio of Direct Holdings Amid Shift Toward Private Equity
The Harvard Management Company pared down the direct holdings in its public equity portfolio to fewer public stocks than Harvard has held since 2017, continuing a pattern of consolidation under CEO N.P. “Narv” Narvekar.
Harvard’s Endowment Shined in 2024. But It Masks a Longstanding Gap With Ivy+ Peers.
The value of Harvard’s endowment grew in value in fiscal year 2024 for the first time in three years. But financial experts and Harvard affiliates expressed concern about the endowment’s long-term performance, which has underperformed compared to other Ivy+ schools and the S&P 500.
Harvard Endowment Jumps to $53.2 Billion, Delivers 9.6% Returns in 2024
The value of the endowment grew to $53.2 billion after the Harvard boasted a 9.6 percent return on its investments in fiscal year 2024.
Donations to Harvard’s Endowment Drop by More Than $150 Million
Total philanthropic contributions fell by 14 percent in fiscal year 2024 as several billionaire donors publicly severed ties with Harvard over its response to campus antisemitism.
Harvard President Garber Meets With Pro-Palestine Activists About Endowment
Harvard Out of Occupied Palestine activists met on Friday with President Alan Garber and Harvard Corporation Fellow Mariano-Florentino Cuéllar ’93 for a discussion about the endowment.
Barakett to Chair Harvard Management Company’s Board of Directors, Finnegan Will Remain on Board
University Treasurer Timothy R. Barakett ’87 will take over as chair of the HMC board next month, succeeding former Treasurer Paul J. Finnegan ’75.
HSPH Students Call on Harvard to Divest From Israel in Referendum Marked by Low Turnout
More than 80 percent of Harvard School of Public Health students who participated in a referendum marked by low voter turnout supported a motion to call on the University to disclose and divest from Israel.
As Protests Raged, Harvard Founded Its Own Management Company
In the fall of 1973, Harvard’s treasurer decided the University should control its own purse strings.
Critics Says Harvard’s Endowment Is Underperforming and Overly Secretive. Is It?
The lackluster performance of Harvard’s endowment — the largest in the world — has sparked concerns about the stewardship and transparency of the endowment under Harvard Management Company CEO N.P. “Narv” Narvekar.
Harvard Management Company CEO Receives 6.9% Pay Cut Over Poor Investment Returns
The Harvard Management Company cut the pay of Chief Executive Officer N.P. “Narv” Narvekar by 6.9 percent in 2022 after the endowment had its third-worst annual investment results in the last 20 years.
