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.
The International Atomic Energy Agency (IAEA) said on Monday (4 May) that meteorological monitoring equipment at the Zaporizhzhia...
The steps of the Metropolitan Museum of Art were transformed once again into the world's most prestigious runway for the 2026 Met Gala. This ye...
A blast at a fireworks factory in China's Hunan province has killed 21 people and injured 61, pro...
The UK is moving to join a €90 billion European Union loan scheme for Ukraine, with Prime Minister Ke...
The U.S. and Iran launched new attacks in the Gulf on Monday as they wrestled for control over the Strait o...
The International Atomic Energy Agency (IAEA) said on Monday (4 May) that meteorological monitoring equipment at the Zaporizhzhia nuclear power plant in south-eastern Ukraine had been damaged by a drone.
The steps of the Metropolitan Museum of Art were transformed once again into the world's most prestigious runway for the 2026 Met Gala. This year’s theme, 'Costume Art,' invited guests to explore the intersection of nature, history, and the surreal under the official dress code 'Fashion Is Art'.
A blast at a fireworks factory in China's Hunan province has killed 21 people and injured 61, prompting President Xi Jinping to call for a thorough investigation, state media reported on Tuesday.
The U.S. and Iran launched new attacks in the Gulf on Monday as they wrestled for control over the Strait of Hormuz with duelling maritime blockades, shaking a fragile ceasefire.
A 77-year-old man and a 63-year-old woman were killed on Monday (4 May), after a man drove a car into a crowd on a pedestrianised street in the the eastern German city of Leipzig, authorities said.
Iran warned Armerican forces on Monday (4 May) not to enter the Strait of Hormuz, after the U.S. said it had launched a mission to try and reopen the sea passage. Meanwhile, Iran's Foreign Minister said there was no military solution to the Middle East conflict.
Ukraine has launched a new wave of drone strikes on Sunday (3 May) across Russia, hitting key infrastructure and causing casualties in several regions, officials on both sides said.
Medics are working to evacuate two people with symptoms of the deadly respiratory illness, hantavirus, from a luxury cruise ship being held off West Africa, after three people died and several others fell ill, officials have said.
U.S. Secretary of State Marco Rubio is expected to travel to the Vatican and Italy this week for a series of meetings, according to Italian media reports, in a visit that comes amid strained relations between Washington and parts of Europe and heightened tensions involving Pope Leo XIV.
The International Atomic Energy Agency (IAEA) said on Monday (4 May) that meteorological monitoring equipment at the Zaporizhzhia nuclear power plant in south-eastern Ukraine had been damaged by a drone.
A blast at a fireworks factory in China's Hunan province has killed 21 people and injured 61, prompting President Xi Jinping to call for a thorough investigation, state media reported on Tuesday.
The UK is moving to join a €90 billion European Union loan scheme for Ukraine, with Prime Minister Keir Starmer saying the benefits outweigh the costs, as he pushes for closer ties with Europe at a summit in Armenia this week.
Ukrainian President Volodymyr Zelenskyy has announced a ceasefire with Russia until Wednesday (6 May), after Russian President Vladimir Putin ordered a pause in hostilities on 8-9 May to mark the 81st anniversary of Soviet Russia’s victory over Nazi German in World War II.
A 77-year-old man and a 63-year-old woman were killed on Monday (4 May), after a man drove a car into a crowd on a pedestrianised street in the the eastern German city of Leipzig, authorities said.
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