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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Wildfires across England and Wales have reached their highest level on record, according to the National Fire Chiefs Council, as firefighters struggle to contain outbreaks following a spell of extreme heat.
At least 11 people were killed in Israeli strikes on southern Lebanon on Saturday, among the deadliest since a June ceasefire. Meanwhile, Qatar denied holding Iranian pilots. It said it had found the remains of one pilot after an airspace violation and had contacted Iran to coordinate a handover.
A wildfire in Croatia driven by strong winds descended on the tourist town of Omis overnight, engulfing houses, forcing about 1,000 people to evacuate to safety and injuring dozens, fire brigade and health officials said on Friday.
U.S. President Donald Trump's threats to make the Strait of Hormuz part of U.S. territory have been mocked by Iran's Deputy Foreign Minister, Kazem Gharibabadi, who said the sea passage "cannot be seized by tweet."
At least 47 people have been killed after a magnitude 7.7 earthquake struck off eastern Indonesia early on Saturday, triggering small tsunami waves and dozens of aftershocks, officials say.
Canadian measures aimed at preventing terrorist financing can obstruct legitimate humanitarian work by Muslim charities, particularly when aid is destined for countries considered high-risk, according to a new study.
U.S. President Donald Trump has ordered a significant reduction in planned joint military exercises with South Korea, citing their cost and his relationship with North Korean leader Kim Jong Un.
Firefighters are battling Belgium’s largest wildfire on record, with a blaze in the High Fens nature reserve burning around 3,000 hectares of land and spreading towards the German border, local authorities said.
A Ukrainian drone attack on Russia’s Moscow region killed at least one person and damaged a warehouse belonging to online retailer Wildberries, Russian officials said, as both sides continue targeting infrastructure during the war.
Strong winds and torrential rain are lashing Hawaii after Hurricane Lala skirted the Big Island, prompting warnings of flooding, mudslides, and storm surge.
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