Harvard’s $51 Billion Fund Beats Yale in Hard Year for Endowments
- Returns in venture capital/growth were ‘mildly negative’
- Among Ivies, the results trail only Columbia’s 4.7% gain
Harvard University in Cambridge, Massachusetts.
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Harvard University’s endowment earned an investment return of 2.9% during the latest fiscal year, beating rival Yale University and most other Ivy League peers but lagging far behind plain old US stocks.
Returns were “mildly negative” in venture capital/growth investments and only slightly positive in private equity, Harvard said in a financial report. The value of the endowment, the largest in US higher education, edged down to $50.7 billion after accounting for outflows to pay for university expenses and inflows from gifts.