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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Israeli twin brothers Ziv and Gali Berman were among the hostages released on Monday following the implementation of the first phase of ceasefire deal...
Former Russian president Dmitry Medvedev said on Monday that supplying U.S. Tomahawk missiles to Ukraine could end badly for everyone, especially U.S. President Donald Trump.
Tehran has declined Egypt’s official invitation to participate in the Sharm El-Sheikh Summit on Gaza ceasefire between Hamas and Israel. Iran’s Foreign Minister Abbas Araghchi said he cannot sit at the same table with the statemen who attacked his country.
Joyous Palestinians rushed to embrace prisoners freed under a U.S.-brokered ceasefire agreement as they arrived by bus to the occupied West Bank and Gaza on Monday.
Ties between Tbilisi and Brussels continue to deteriorate following the 4th October 4 local elections which saw the opposition hold a rally on the day of elections.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
Authorities in California have identified the dismembered body discovered in a Tesla registered to singer D4vd as 15-year-old Celeste Rivas Hernandez, who had been missing from Lake Elsinore since April 2024.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Former Russian president Dmitry Medvedev said on Monday that supplying U.S. Tomahawk missiles to Ukraine could end badly for everyone, especially U.S. President Donald Trump.
Joyous Palestinians rushed to embrace prisoners freed under a U.S.-brokered ceasefire agreement as they arrived by bus to the occupied West Bank and Gaza on Monday.
Britain's King Charles will welcome German President Frank-Walter Steinmeier to Windsor Castle for a three day trip in December, the first state visit by a German President in 27 years, a statement from Buckingham Palace said.
Joel Mokyr, Philippe Aghion and Peter Howitt have been awarded the 2025 Nobel Prize in Economics for their pioneering research on innovation, technological change and long-term economic growth.
EU foreign affairs chief Kaja Kallas has arrived in Kyiv for high-level talks on military aid, energy infrastructure, and Russian accountability amid intensifying attacks on Ukraine’s power grid.
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