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Michael McGirr takes over the programme just as its target is being raised and more commitments are planned for 2021.
Harvard University at night
The $41.9bn endowment has made progress in growing its private equity portfolio while shedding older illiquid assets that have weighed on performance.
The move comes as a wave of activist pressure sweeps up against major LPs.
Harvard University at night
Top-decile institutional investors had a median allocation of 40% or more in private investments, according to Cambridge Associates research.
Two-fifths of the investors said fees are a greater concern than ever due to more muted return expectations, according to NEPC data.
In this three-minute video, fundraising rainmaker Warren Hibbert describes the market forces conspiring to strangle some fundraises and push others over the line.
The tax reform law hits these institutional investors and could lead to long-term consequences.
The Harvard Management Company is changing its investment model, but it’s still unclear when it will pay off.
Thanks to the internet boom, venture capital has been the endowment's best-performing asset class.
Harvard Management Company and University of Virginia have both admitted to being disappointed with their endowment returns following a challenging period for such investors.

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