Rick Lange, CFP®’s Post

Harvard in Talks to Sell $1 Billion of Private Equity Stakes Harvard University’s endowment is in advanced talks to sell roughly $1 billion of private equity fund stakes, at a time when the school faces financial uncertainty and pressure from Donald Trump’s threats and a sluggish market for returns on illiquid assets. Harvard Management Co., which runs the largest endowment in US higher education, is working with Jefferies Financial Group Inc. to offload the portfolio to Lexington Partners in a so-called secondaries transaction, according to people with knowledge of the matter. Lexington may ultimately bring in other partners as part of any purchase, said one of the people, who asked not to be identified describing private discussions. Terms of the deal aren’t finalized and could still change. https://lnkd.in/dK-WbsPM