Harvard University’s $57bn endowment is facing increasing liquidity pressure as large unfunded private equity commitments coincide with slower distributions across private markets, according to a report by the Financial Times.
Public filings show Harvard’s unfunded commitments rose from $4.6bn in 2017 to $7.9bn in 2025 following a major expansion into private markets strategies under Harvard Management Company Chief Executive NP Narvekar.
Private equity exposure increased from 16% of the portfol...
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