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.
Hungary's parliament on Monday approved a constitutional amendment limiting prime ministers to a maximum of eight years in office, a move that effecti...
The United Nations Security Council unanimously extended the United Nations Assistance Mission in Afghanistan (UNAMA) until 17 June 2027 in New York o...
The first day of the Group of Seven (G7) summit in Évian-les-Bains, France, was dominated by discussions on the Middle East, Ukraine and the global e...
The FIFA World Cup 2026 produced drama and surprises on 14-15 June, with Iran fighting back to draw 2-2 with New Zealand, Ivory Coast scoring a stoppa...
Firefighters and workers were clearing debris on Monday after what Ukraine described as a deliberate Russian strike severely damaged a nearly 1,000-ye...
Hungary's parliament on Monday approved a constitutional amendment limiting prime ministers to a maximum of eight years in office, a move that effectively prevents former premier Viktor Orbán from returning to the country's top political post.
The United Nations Security Council unanimously extended the United Nations Assistance Mission in Afghanistan (UNAMA) until 17 June 2027 in New York on Monday, preserving its humanitarian, rights and political work.
The first day of the Group of Seven (G7) summit in Évian-les-Bains, France, was dominated by discussions on the Middle East, Ukraine and the global economy, as leaders grappled with multiple crises that have reshaped the international landscape.
The FIFA World Cup 2026 produced drama and surprises on 14-15 June, with Iran fighting back to draw 2-2 with New Zealand, Ivory Coast scoring a stoppage-time winner over Ecuador, Sweden thrashing Tunisia 5-1, and debutants Cape Verde holding Spain to a goalless draw.
Details of a reported draft memorandum of understanding between the United States and Iran offer the clearest picture yet of how both sides plan to end months of conflict and move towards a longer-term settlement.
The U.S. and Iran say they have reached a deal to end their conflict, with an immediate ceasefire and reopening of the Strait of Hormuz after the lifting of the U.S. naval blockade. Talks will continue over the next 60 days to finalise the agreement
A senior U.S. official said on Monday that the memorandum of understanding linked to the U.S.-Iran agreement had been signed by President Donald Trump, Vice President JD Vance and Iranian Parliament Speaker Mohammad Bagher Qalibaf.
Israeli Prime Minister Benjamin Netanyahu has told U.S. President Donald Trump that Israel does not consider itself bound by a Lebanon-related provision in an emerging agreement with Iran, according to Israeli officials.
Switzerland on Sunday rejected a referendum proposal to cap its population at 10 million, a projection showed, as voters prioritised economic stability and the country's ties with the European Union over immigration concerns.
Firefighters and workers were clearing debris on Monday after what Ukraine described as a deliberate Russian strike severely damaged a nearly 1,000-year-old cathedral in Kyiv, one of the country's most important religious and cultural landmarks.
One month after Ebola cases were confirmed in eastern Democratic Republic of the Congo, health officials and aid organisations say the true extent of the outbreak remains unclear because of major gaps in testing, reporting and disease surveillance.
The first day of the Group of Seven (G7) summit in Évian-les-Bains, France, was dominated by discussions on the Middle East, Ukraine and the global economy, as leaders grappled with multiple crises that have reshaped the international landscape.
Pakistan's political leadership on Monday welcomed a breakthrough agreement between the U.S. and Iran aimed at ending more than three months of conflict, with Prime Minister Shehbaz Sharif describing it as a major diplomatic success and a victory for peace.
Hungary's parliament on Monday approved a constitutional amendment limiting prime ministers to a maximum of eight years in office, a move that effectively prevents former premier Viktor Orbán from returning to the country's top political post.
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