Deals
Harvard Is in Talks to Have Bain Manage Real Estate Assets
- Bain would hire about 20 from endowment’s real estate group
- Plan may let Bain diversify and Harvard overhaul endowment
Photographer: Michael Fein/Bloomberg
Harvard University’s endowment is in talks to move the management of a portion of its real estate investments to Bain Capital, according to people familiar with the matter.
Under the plan being discussed, Bain would hire about 20 people from the team at Harvard Management Co., which oversees the $37.1 billion endowment, said the people, who asked not to be identified because the information is private. Bain would become the money manager for Harvard’s direct real estate investments, the people said.