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.
U.S. border chief Tom Homan said on Thursday (12 February) a federal immigration crackdown in Minnesota will end after months of raids that led to mor...
Belgian police searched multiple European Commission offices in Brussels on Thursday as part of an investigation into the 2024 sale of EU-owned buildi...
Russia’s car market is continuing to receive tens of thousands of foreign-brand vehicles via China despite sanctions imposed after Moscow’s full-s...
Azerbaijan’s State Security Service has filed charges against a group of people accused of belonging to a criminal network alleged to have attempted...
Norwegian police searched the homes of former prime minister Thorbjørn Jagland on Thursday (12 February) as part of an ongoing investigation into all...
U.S. border chief Tom Homan said on Thursday (12 February) a federal immigration crackdown in Minnesota will end after months of raids that led to more than 4,000 arrests, mass protests and two fatal shootings.
Belgian police searched multiple European Commission offices in Brussels on Thursday as part of an investigation into the 2024 sale of EU-owned buildings to the Belgian state.
Russia’s car market is continuing to receive tens of thousands of foreign-brand vehicles via China despite sanctions imposed after Moscow’s full-scale invasion of Ukraine in 2022, a journalistic investigation has found.
Azerbaijan’s State Security Service has filed charges against a group of people accused of belonging to a criminal network alleged to have attempted to forcibly seize state power. It's claimed they tried to alter the constitutional structure, with the support of foreign intelligence agencies.
Greek Prime Minister Kyriakos Mitsotakis arrived in Ankara on Wednesday, where Turkish President Recep Tayyip Erdoğan held an official welcoming ceremony at the Presidential Palace, marking the start of high-level talks between the two NATO allies.
A senior adviser to Iran’s Supreme Leader said on Tuesday that negotiations with the United States must remain focused on the nuclear issue and be grounded in realism, as Washington and Tehran prepare to resume talks mediated by Oman.
James Van Der Beek, who rose to fame as Dawson Leery in the hit teen drama Dawson’s Creek, has died aged 48 following a battle with stage 3 colorectal cancer.
Canadian Prime Minister Mark Carney said a bridge project linking Canada’s Ontario province with the U.S. state of Michigan would contribute to cooperation between the two countries.
The suspect in a deadly school shooting in western Canada was an 18-year-old woman who allegedly killed her mother and stepbrother before attacking her former school. Investigators have not provided a motive for what is being described as one of the worst mass killings in Canada.
U.S. border chief Tom Homan said on Thursday (12 February) a federal immigration crackdown in Minnesota will end after months of raids that led to more than 4,000 arrests, mass protests and two fatal shootings.
Norwegian police searched the homes of former prime minister Thorbjørn Jagland on Thursday (12 February) as part of an ongoing investigation into alleged ties between prominent Norwegians and the late U.S. sex offender Jeffrey Epstein, authorities and media reports said.
North Korean leader Kim Jong Un has chosen his teenage daughter as his successor, South Korea’s spy agency told lawmakers on Thursday.
Belgian police searched multiple European Commission offices in Brussels on Thursday as part of an investigation into the 2024 sale of EU-owned buildings to the Belgian state.
Polls have close in Bangladesh's first general election since the fall of Sheikh Hasina’s government, marking a pivotal moment in the country’s political transition. Turnout reached 47.91% by early afternoon, according to partial data from election authorities.
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