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.
Britain’s Interior Minister Shabana Mahmood has announced sweeping reforms to the UK’s asylum and immigration system, signalling a significant shi...
Ukraine will begin importing gas from Greece to help meet its winter needs, President Volodymyr Zelenskyy announced on Sunday, saying the country is p...
Ukraine is working to restart prisoner exchanges with Russia, with officials hoping to secure the release of 1,200 Ukrainians, President Volodymyr Zel...
President of the Republic of Azerbaijan Ilham Aliyev is taking part in the 7th Consultative Meeting of Central Asian Heads of State in the “Central ...
U.S. President Donald Trump purchased at least $82 million in corporate and municipal bonds between late August and early October, including new inves...
Britain’s Interior Minister Shabana Mahmood has announced sweeping reforms to the UK’s asylum and immigration system, signalling a significant shift away from automatic paths to permanent residency for refugees.
Ukraine will begin importing gas from Greece to help meet its winter needs, President Volodymyr Zelenskyy announced on Sunday, saying the country is preparing nearly €2 billion in financing to compensate for domestic production losses caused by Russian strikes.
Ukraine is working to restart prisoner exchanges with Russia, with officials hoping to secure the release of 1,200 Ukrainians, President Volodymyr Zelenskyy and the head of the country’s National Security and Defence Council have announced.
President of the Republic of Azerbaijan Ilham Aliyev is taking part in the 7th Consultative Meeting of Central Asian Heads of State in the “Central Asia + Azerbaijan” format, which is being held in Tashkent, the capital of Uzbekistan.
Storm Claudia, which brought violent weather to Portugal, has resulted in the deaths of three people and left dozens injured, authorities reported on Saturday. Meanwhile, in Britain, rescue teams were organising evacuations due to heavy flooding in Wales and England.
Britain’s King Charles III marks his 77th birthday. Unlike his predecessors, King Charles treats his actual birthday, on 14 November, as his main moment of reflection. This year, King Charles visited Wales—a decision that coincides with the overall spirit of his first three years on the throne.
Japan urged China on Saturday to take "appropriate measures" after Beijing issued a warning to its citizens against travelling to Japan, amid an ongoing dispute over Taiwan.
U.S. President Donald Trump purchased at least $82 million in corporate and municipal bonds between late August and early October, including new investments in sectors benefiting from his policies, according to financial disclosures made public on Saturday.
Iran has strongly rejected as “unfounded and irresponsible” a joint statement by the foreign ministers of the Group of Seven (G7) about Tehran’s nuclear program and its alleged support of Russia in the war with Ukraine.
Britain’s Interior Minister Shabana Mahmood has announced sweeping reforms to the UK’s asylum and immigration system, signalling a significant shift away from automatic paths to permanent residency for refugees.
Ukraine will begin importing gas from Greece to help meet its winter needs, President Volodymyr Zelenskyy announced on Sunday, saying the country is preparing nearly €2 billion in financing to compensate for domestic production losses caused by Russian strikes.
Ukraine is working to restart prisoner exchanges with Russia, with officials hoping to secure the release of 1,200 Ukrainians, President Volodymyr Zelenskyy and the head of the country’s National Security and Defence Council have announced.
U.S. President Donald Trump purchased at least $82 million in corporate and municipal bonds between late August and early October, including new investments in sectors benefiting from his policies, according to financial disclosures made public on Saturday.
Thousands of climate demonstrators filled the streets of Belém on Saturday, marching loudly and peacefully to demand stronger action to protect the planet and to voice frustration at governments and the fossil fuel industry.
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