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Harvard Spins Off Natural Resources Team, to Remain Partner

  • School wrote down $1 billion in resources stakes after 2016
  • New firm, Solum Partners, to be run by Colin Butterfield
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Harvard University’s endowment spun off its natural resources team, creating an independent entity that will manage some of the school’s agriculture and food production investments.

An investment team led by Harvard Management Co.’s head of natural resources, Colin Butterfield, launched Solum Partners, the new firm said Thursday in a statement. Harvard will be a limited partner.