# Harvard Management Company (HMC)

Harvard Management Company (HMC) is an Endowment / Foundation based in Boston, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** Boston, United States
- **Region:** North America
- **Address:** 600 Atlantic Avenue, Boston, Massachusetts, United States
- **Founded:** 1974
- **Assets under management:** $56.9B (June 30, 2025)
- **Website:** hmc.harvard.edu
- **LinkedIn:** https://www.linkedin.com/company/harvard-management-company

## Regulatory record

- **Reports private funds:** No

## About

Harvard Management Company, Inc. (HMC) is a nonprofit, wholly owned subsidiary of Harvard University formed in 1974 to manage the University’s endowment and related financial assets (per HMC About page). Its singular mission is to generate strong long-term investment returns that help ensure Harvard has the resources to maintain and expand leadership in education and research for future generations. As of June 30, 2025, the endowment was valued at $56.9 billion after generating an 11.9% return in fiscal year 2025 (per HMC Partners & Performance page and FY2025 CEO letter). Distributions from the endowment contributed nearly 40% of the University’s operating revenue in FY2025; HMC has distributed more than $46 billion to Harvard since its founding (per HMC website). HMC employs a generalist investment model seeking attractive risk-adjusted returns through partnerships with more than 100 external managers across private equity, hedge funds, public equities, real assets, and other strategies. Headquartered at 600 Atlantic Avenue in Boston, Massachusetts, HMC is governed by a Board of Directors elected by the President and Fellows of Harvard College, including ex officio University leaders. Current executive leadership includes CEO N.P. “Narv” Narvekar (joined 2016), CIO Rick Slocum, and COO Sanjeev Daga (per HMC About page). The firm maintains a long-term focus and has committed to a path toward net-zero portfolio emissions by 2050.

## Sectors

- Private Equity
- Hedge Funds
- Real Estate
- Natural Resources
- ClimateTech
- Energy Transition & Renewables

## People

- N.P. “Narv” Narvekar — Chief Executive Officer
- Rick Slocum — Chief Investment Officer
- Sanjeev Daga — Chief Operating Officer
- Timothy R. Barakett — Chair of the Board of Directors; Treasurer, Harvard University
- Alan M. Garber — President, Harvard University (ex officio Board member)
- Ritu Kalra — Chief Financial Officer, Harvard University (ex officio Board member)

## Questions

### What is Harvard Management Company and what does it manage?

HMC is a nonprofit, wholly owned subsidiary of Harvard University that manages the University’s endowment and related financial assets with the mission of generating long-term returns to support teaching and research (per HMC About page and Harvard Endowment page).

### What is the most recent reported value of the endowment managed by HMC?

The endowment was valued at $56.9 billion as of June 30, 2025, after an 11.9% return in fiscal year 2025 (per HMC Partners & Performance page and FY2025 CEO letter).

### When was Harvard Management Company founded?

HMC was formed in 1974 (per HMC About page and official website).

### Who currently leads Harvard Management Company?

N.P. “Narv” Narvekar serves as Chief Executive Officer, Rick Slocum as Chief Investment Officer, and Sanjeev Daga as Chief Operating Officer (per HMC About page).

### How significant are endowment distributions to Harvard’s operating budget?

In fiscal year 2025, distributions from the endowment contributed nearly 40% of Harvard University’s operating revenue (per HMC Partners & Performance page and FY2025 CEO letter).

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Last updated: 2026-07-17T20:33:27.000Z

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