Harvard Endowment Chief Opens Exit Talks at $56.9 Billion Fund

7 articles · Updated · Bloomberg · May 16

N.P. "Narv" Narvekar has begun discussions about leaving Harvard Management Co., the firm that oversees Harvard University's $56.9 billion endowment.
Those talks started this year with the Harvard Management Co. board and are focused on succession planning rather than a fixed departure timetable.
No exit date has been set, according to people familiar with the private conversations, leaving the leadership transition in an early stage.
The move signals a coming change at one of higher education's largest investment funds, with attention now turning to who will succeed Narvekar.

As Harvard’s endowment chief plans his exit, will his successor alter the risky strategy that earned billions?

Are top universities' massive bets on illiquid assets a path to record returns or a future liquidity crisis?