Deals
Silver Lake’s Hutchins Steps Down From Harvard Endowment Board
- Hutchins says he’s reached the end of board’s term limit
- Harvard investment committee added four members in last year
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Glenn Hutchins, co-founder of the technology-focused buyout firm Silver Lake, has stepped down from the board of Harvard Management Co., which oversees the university’s $37 billion endowment.
Hutchins, part owner of the Boston Celtics, said in an interview on Monday with Bloomberg Television that he left the board after 10 years because of term limits. HMC’s board has seen a number of changes in the past year, with four new outside members as well as a new chairman. His departure leaves 11 members on the committee.