Harvard Management Co
HMC Quietly Removed Diversity Data from Internal Investment Tracker Weeks after Trump Demands
Harvard Management Company quietly scrubbed diversity data from its internal investment-tracking system in May 2025 as the Trump administration zeroed in on the University’s diversity programs, according to a person familiar with the matter.
Oil, Lawsuits, AI: Inside Harvard’s Increasingly Opaque $57 Billion Endowment
A Crimson analysis of nearly 3,400 tax records traced Harvard’s endowment through a sprawling network of outside funds, revealing investments tied to fossil fuels, litigation finance, private companies, catastrophe risk, and more.
Harvard’s Climate Report Missing for Second Straight Year
Harvard Management Company has failed to publish its annual climate report for the second year in a row, leaving its progress toward a net-zero endowment unclear.
Harvard Adopts New Shareholder Voting Guidelines on Human Rights, Labor, Data Privacy
Harvard adopted four new shareholder voting guidelines on human rights, labor rights, living wages, and data privacy, according to its most recent annual report.
Harvard Management Company Founder Walter M. Cabot ’55 Remembered as Endowment Pioneer
Walter M. Cabot ’55, the founder and first president of Harvard Management Company who helped pioneer a new model for university endowment management, died in June at 93.
Two Harvard Managing Directors Depart Ahead of CEO Transition
Two longtime senior managing directors have left Harvard Management Company in recent weeks, thinning the senior ranks of the firm that manages Harvard’s $56.9 billion endowment.
HMC Subsidiary Sells Controversial California Vineyard Property
A Harvard Management Company subsidiary has sold its central California vineyard property after years of backlash and legal challenges over its water use, according to Santa Barbara County records.
Narvekar Remade Harvard’s Endowment. Trump’s Tax War May Define Whether It Was Enough.
A year before Washington raised Harvard’s endowment tax to eight percent, HMC chief Narv Narvekar warned alumni that politics had become a risk the world’s richest university could no longer fully hedge.
HMC Exits Ethereum ETF, Cuts Bitcoin Holdings in First Quarter
Harvard Management Company fully exited its short-lived investment in an Ethereum exchange-traded fund and sharply reduced its Bitcoin holdings in the first quarter of 2026, scaling back the University endowment’s publicly disclosed exposure to cryptocurrency after a volatile start to the year for digital assets.
Hellman & Friedman CEO Patrick Healy ’89 Appointed to HMC Board
Patrick J. Healy ’89, the chief executive officer of private equity firm Hellman & Friedman, was appointed to the Harvard Management Company’s board of directors, HMC announced on Thursday.
Harvard Management Company Opens San Francisco Office Amid Shift Toward Tech Investments
Harvard Management Company has opened a satellite office in San Francisco, expanding its physical footprint as the endowment shifts toward technology and venture capital investments concentrated on the West Coast.
HMC Cuts Bitcoin Investment by Around 20 Percent in Q4, Opens Investment in Ethereum
Harvard Management Company expanded its cryptocurrency footprint in the fourth quarter of fiscal year 2025, opening a new multimillion-dollar position in an Ethereum exchange-traded fund even as it trimmed its Bitcoin holdings.
Harvard Endowment Appoints 3 New Directors, Including JPMorgan Exec Who Managed Epstein’s Bank Accounts
Three Harvard Business School alumni — Paul B. Edgerley, Mary Callahan Erdoes, and Raymond J. McGuire ’79 — were appointed to Harvard Management Company’s board of directors.
Bitcoin Now Harvard’s Largest Publicly Disclosed Holding, Tripling in Size in Third Quarter
Harvard Management Company dramatically increased its investment in iShares Bitcoin Trust, an exchange trade fund tracking the value of Bitcoin, in the third quarter of this year.
Harvard Reports First Deficit Since Pandemic in Fiscal Year 2025, Sees 12% Endowment Growth
Harvard reported an operating loss of $113 million — its first budget deficit since 2020 — as its financial footing shakes from disruptions to federal funding, even as the total value of its endowment grew by 11.9 percent to $56.9 billion, according to its fiscal year 2025 financial report.
Harvard Paid Claudine Gay $1.3 Million in 2023, Financial Disclosures Show
Former Harvard President Claudine Gay earned more than $1.3 million in 2023 — which spanned the end of her term as Faculty of Arts and Sciences dean and all six months of her short-lived presidency — according to the University’s annual tax disclosures.
HMC Backs Out of Big Tech, Increases Stakes in Microsoft and Booking at Beginning of 2025
Harvard Management Company pulled back on many of its recent tech investments during the first quarter of 2025 while significantly increasing its stakes in Microsoft and Booking Holdings in a major shakeup of its directly held public equities portfolio.
HMC Plans $1 Billion Sale of Private Equity Stakes
Harvard Management Company is planning to sell nearly $1 billion of private equity fund stakes, liquidating nearly 5 percent of its private equity portfolio amid mounting threats to the University’s finances by its critics in Washington.
Harvard To Borrow $750 Million Amid Federal Funding Uncertainty
Harvard University will issue $750 million in taxable bonds this month, bringing the total offering this fiscal year to $1.2 billion, as the University faces a turbulent economy and waits to learn whether the Trump administration will shut off its federal funding tap.
General Atlantic Co-President Martín Escobari ’94 Appointed to Harvard Management Company Board
The Harvard Corporation appointed Martín Escobari ’94, co-president and head of global growth equity at the firm General Atlantic, to Harvard Management Company’s board of directors, the University announced on Wednesday.
Harvard Management Company Bets on Big Tech at End of 2024
The Harvard Management Company increased its exposure to Big Tech in its directly held stock portfolio during the final months of 2024, adding new positions in Apple, Amazon, Tesla, and Microsoft while reinforcing its already substantial investment in Meta.
Harvard Endowment Reinvests $150M in Company Tied to Israeli Settlements in Palestine
The Harvard Management Company reinvested $150 million in Booking Holdings Inc., a company under fire for its operation in Israeli settlements in the West Bank, according to its 2024 third quarter filings.
Harvard Consolidates Its Portfolio of Direct Holdings Amid Shift Toward Private Equity
The Harvard Management Company pared down the direct holdings in its public equity portfolio to fewer public stocks than Harvard has held since 2017, continuing a pattern of consolidation under CEO N.P. “Narv” Narvekar.
Harvard’s Endowment Shined in 2024. But It Masks a Longstanding Gap With Ivy+ Peers.
The value of Harvard’s endowment grew in value in fiscal year 2024 for the first time in three years. But financial experts and Harvard affiliates expressed concern about the endowment’s long-term performance, which has underperformed compared to other Ivy+ schools and the S&P 500.
Donations to Harvard’s Endowment Drop by More Than $150 Million
Total philanthropic contributions fell by 14 percent in fiscal year 2024 as several billionaire donors publicly severed ties with Harvard over its response to campus antisemitism.
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