Bloomberg Businessweek reports that the world's largest university endowment is seeking to sell $1.5 billion in private equity funds. Here's the link: http://www.businessweek.com/news/2011-11-14/harvard-said-to-seek-sale-of-1-5-billion-in-private-equity.html
Harvard wanted to sell fund interests a few years back, but didn't, likely due to the large discounts to NAV buyers were demanding. Secondary discounts are much narrower today, and so it looks like Harvard was wise not to sell back then.
Harvard wanted to sell fund interests a few years back, but didn't, likely due to the large discounts to NAV buyers were demanding. Secondary discounts are much narrower today, and so it looks like Harvard was wise not to sell back then.
