Company type | Private |
---|---|
Industry | Investment management |
Founded | 1974 |
Headquarters | Boston, Massachusetts, U.S. , U.S. |
Key people | N.P. "Narv" Narvekar (CEO) |
AUM | US$50.7 billion (FY 2023)[1] |
Owner | Harvard University |
Website | www.harvard.edu www |
The Harvard University endowment, valued at $50.7 billion as of June 30, 2023[update],[1] is the largest academic endowment in the world.[2][3] Its value increased by over 10 billion dollars in fiscal year 2021, ending the year with its largest sum in history.[4] Along with Harvard's pension assets, working capital, and non-cash gifts, the endowment is managed by Harvard Management Company, Inc. (HMC), a Harvard-owned investment management company.[5]