Overview
- Narvekar has begun talks with Harvard Management Company’s board about a successor with no departure date set.
- Some outlets report he discussed retiring in 2027, a timeline that remains unconfirmed by Harvard and other major reports.
- Harvard’s endowment stands at $56.9 billion after rising from $35.7 billion since Narvekar arrived in 2016.
- Under his overhaul, Harvard outsourced most investing and increased stakes in private equity and hedge funds to 41% and 31% last fiscal year.
- Recent returns averaged about 8.1% over three years, yet longer-term results trail Ivy League peers as political scrutiny and tax pressure grow.