Deals
Harvard to Invest $150 Million in Startup Buyout Fund
- Arcline raises $1.5 billion to buy middle-market industrials
- Private equity firm spun out of San Francisco’s Golden Gate
Photographer: Brent Lewin/Bloomberg
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Harvard University is helping to anchor one of the biggest private equity fund launches in the U.S. in almost a decade.
Harvard Management Co., which oversees the university’s $39 billion endowment, allocated about $150 million to Arcline Investment Management’s debut buyout fund, according to a person with knowledge of the matter, who asked not to be identified because the information isn’t public.