Harvard Is Trying to Sell $2.5 Billion in Endowment AssetsMay 9, 2017
Harvard University’s endowment is trying to sell about $2.5 billion of private equity, venture capital and real estate investments, according to a person familiar with the matter.
Harvard Management Co., which oversees the university’s $35.7 billion endowment, has hired Cogent Partners, a unit of Greenhill & Co., to seek bidders in the secondary market, the person said. Harvard is shopping almost $1 billion of private equity and venture capital investments, and about $1.6 billion of real estate, the person said. Read more…