Harvard Management Company announced that its endowment portfolio returned 34% for the year ending June 30, 2021, with $18 billion in private equity investments accounting for annualized investment gains of 77%.
The $53 billion Harvard University endowment also saw stellar gains for public equity investments, which were up 50% over the same time frame, according to HMC’s newly released annual report.
The largest allocations in the portfolio are to private equity and hedge funds, which account for 34% and 33% of total assets respectively. Hedge funds were up 16% for the year.
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