Harvard University’s endowment is in advanced talks to sell about $1 billion in private equity fund interests, a source familiar with the matter told Reuters on Thursday.
The process began last year and is not linked to recent threats by President Donald Trump to cut federal funding to colleges over campus protests and other issues, the source said.
Harvard Management Company, which manages the nation’s largest university endowment at $53 billion, is working with Jefferies Financial Group on a potential sale to Lexington Partners, Bloomberg reported. Terms are not final.
The transaction, expected to take place on the secondaries market, would allow Harvard to generate liquidity amid ongoing market volatility tied to Trump’s economic policies.
Despite the sale, Harvard’s asset allocation remains unchanged. The university had 39% of its endowment in private equity in 2024, up from 34% in 2021, when it made a similar $1 billion sale.
Earlier this month, Harvard said it plans to borrow $750 million as part of contingency measures.
President Trump has threatened to withhold funding from universities over issues including pro-Palestinian protests, climate policies, and diversity programs.
Meanwhile, Yale University also confirmed this week it is exploring a private equity asset sale and is working with Evercore on the process.
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A sample collected by NASA's Perseverance rover from rock formed billions of years ago in a lake on Mars contains potential signs of ancient microbial life, according to scientists. However, the minerals found in the sample could also form through non-biological processes.
Firefighters attempted to extinguish a blaze at a central Paris restaurant during the nationwide "Block Everything" protest on Wednesday.
Israel has launched new airstrikes on Sanaa and al-Jawf, targeting Houthi military sites in retaliation for recent attacks on its territory.
German Defence Minister Boris Pistorius condemned the recent violation of Polish airspace by Russian drones as an unacceptable, targeted provocation against NATO.
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A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
A sample collected by NASA's Perseverance rover from rock formed billions of years ago in a lake on Mars contains potential signs of ancient microbial life, according to scientists. However, the minerals found in the sample could also form through non-biological processes.
Firefighters attempted to extinguish a blaze at a central Paris restaurant during the nationwide "Block Everything" protest on Wednesday.
German Defence Minister Boris Pistorius condemned the recent violation of Polish airspace by Russian drones as an unacceptable, targeted provocation against NATO.
Italian Prime Minister Giorgia Meloni praised her country's "excellent" relationship with India during a phone call on Wednesday with her counterpart Narendra Modi, without referring to U.S. calls for the EU to impose tariffs of up to 100% on Indian imports.
Russia's defence ministry said on Wednesday that its drones had carried out a major attack on military facilities in western Ukraine but that it had not planned to hit any targets in Poland.
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