Harvard's Lesson In Private Equity | Investment News | Trusted Insight

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HMC declined to comment, so we don’t have precise numbers on exactly what funds it is looking to sell. What we do know is that, according to HMC’s most recent annual report, about 20 percent of the $35.7 billion it manages is in private-equity assets. Those holdings returned 2.6 percent during the past fiscal year, a bright spot relative to the endowment’s overall minus 2 percent performance.

Harvard’s endowment report made it clear that a reorganization of the private-equity holdings was in the works:

We are actively concentrating the portfolio by scaling our commitments to a core group of top managers, and selectively adding new relationships to address gaps in the portfolio.

Presumably that doesn’t just mean sector ... Full investment news article is here.


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