Deals
Harvard Said to Have Discussed Sale of Private Equity Stakes
- Endowment spoke with advisers about selling part of portfolio
- Proceeds could be used to reinvest with private equity firms
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Harvard Management Co. has explored selling part of its private equity portfolio, people with knowledge of the matter said.
The largest university endowment held preliminary talks with advisers about the potential sale earlier this year, said the people, who asked not to be named because the discussions were private. The valuation of the stakes under consideration, which primarily consist of old buyout funds, would likely be below $1 billion in a sale, two of the people said.