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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Massive crowds are gathering in the streets of Tehran on Monday for the funeral procession of Iran's slain former supreme leader, Ali Khamenei, as part of a week-long farewell. His son and designated successor, Mojtaba Khamenei, has yet to make a public appearance.
Burglars have stolen jewellery worth several million euros in a lightning raid on the Musée Lalique in eastern France, less than a year after a high-profile theft at the Louvre Museum.
The 30 June edition of AnewZ's Daybreak explored the growing strategic importance of the Middle Corridor, focusing on Georgia's deepening partnership with Kazakhstan and the wider effort to strengthen connectivity between Europe, the South Caucasus and Central Asia.
The 30 June edition of AnewZ's Prime Time explored the fragile ceasefire between Iran and the U.S., as conflicting statements about possible talks in Doha fuelled uncertainty over the future of negotiations.
The death toll from Venezuela's devastating twin earthquakes has risen to 3,342, according to the country's information ministry, as rescue teams continue searching affected areas and survivors face an uncertain recovery.
Mexico's national football team has returned luxury Rolex watches gifted by American content creator Stevewilldoit after concerns that they could conflict with FIFA's ethics rules.
Governments are tightening restrictions on teenagers’ use of social media amid growing concerns over mental health, online safety and platform design, but questions remain over enforcement and whether bans can meaningfully change behaviour.
President Donald Trump said Iran is keen to reach a deal with the United States, claiming Washington had paused engagement to allow funeral ceremonies for late Iranian Supreme Leader Ali Khamenei.
Thousands of mourners gathered in Tehran on Sunday as Iran held funeral prayers for Ayatollah Ali Khamenei and four members of his family on the second day of mass processions. Three of Khamenei's sons attended the ceremony, while his successor, Mojtaba Khamenei, made no public appearance.
Two senior United Nations officials arrived in Kabul on Sunday to assess the needs of Afghan returnees, as Afghanistan's Ministry of Refugees and Repatriation said nearly six million people had returned since 2023.
Heavy monsoon rains triggered deadly landslides at Rohingya refugee camps in Bangladesh, killing at least eight people, including children, and forcing authorities to evacuate residents from high-risk areas early on Monday.
NATO leaders meet in Ankara this week at a pivotal moment for the Alliance. While Ukraine remains its foremost military challenge, Europe's rearmament, Middle East instability and pressure from U.S. President Donald Trump are reshaping NATO's priorities.
The United States has confirmed that a previously delayed troop rotation to Poland will resume within weeks, reassuring Warsaw after months of uncertainty over the future of the American military presence in the country.
Maritime trade between Iran and Qatar has resumed after a suspension of around five months, according to Iran's commercial attaché in Doha. Shipping between the two countries restarted following coordination between Iranian and Qatari authorities.
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