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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Start your day informed with AnewZ Morning Brief: here are the top news stories for 1st August, covering the latest developments you need to know.
The White House said the higher tariffs, ranging from 10% to 41%, will take effect in seven days for 69 countries. Mexico received a 90‑day extension after securing a temporary deal to maintain its existing 25% rate.
Australia will retain the lowest U.S. tariff rate of 10%, a move expected to boost its exports, while neighbouring New Zealand will face a higher 15% duty under President Donald Trump’s new tariff regime.
Over 140 delegates from 52 countries gathered in Shusha for the third Global Media Forum. The focus was clear—AI’s rising influence on journalism and the urgent questions it brings.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
'Superman' continued to dominate the summer box office, pulling in another $57.25 million in its second weekend, as theatres welcome a wave of blockbuster competition following a challenging few years for the film industry.
Start your day informed with AnewZ Morning Brief: here are the top news stories for 1st August, covering the latest developments you need to know.
Australia will retain the lowest U.S. tariff rate of 10%, a move expected to boost its exports, while neighbouring New Zealand will face a higher 15% duty under President Donald Trump’s new tariff regime.
Canada’s Prime Minister Mark Carney expressed disappointment as President Trump raised tariffs on Canadian goods to 35%, citing drug smuggling concerns. Ottawa vowed to defend its economy and workers.
El Salvador’s ruling New Ideas party passed a bill on Thursday that reforms the country’s election system, allowing President Nayib Bukele to run for unlimited terms, extending each term from five to six years, and removing the need for run-off elections.
The U.S. has imposed sanctions on Palestinian Authority (PA) and Palestine Liberation Organization (PLO) officials. Meanwhile, U.S. Special Envoy Steve Witkoff met Israeli Prime Minister Benjamin Netanyahu on Thursday to push Gaza ceasefire talks and address the humanitarian crisis.
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