Harvard Management Company

Harvard Management Company (HMC) is a nonprofit, wholly owned subsidiary of Harvard University, established in 1974 to manage the university's endowment and related financial assets. HMC's mission is to generate strong long-term results to support Harvard's educational and research goals. As of June 30, 2025, the endowment was valued at $56.9 billion, making it the largest academic endowment globally. HMC's portfolio includes a diverse range of asset classes, such as private equity, hedge funds, public equities, real assets, and fixed income, reflecting a comprehensive investment strategy aimed at achieving sustainable growth and financial stability for the university.

HMC employs a long-term investment approach, focusing on partnerships with world-class asset managers across various sectors and geographies. The company was among the earliest institutional investors in venture capital and has been a leading investor in timberland assets and successful absolute return strategies. This strategic diversification enables HMC to support a wide array of industries, including technology, healthcare, energy, consumer goods, financial services, real estate, infrastructure, media, telecommunications, industrial goods, materials, utilities, consumer services, transportation, and business services.

The company's investment philosophy emphasizes a collaborative and dynamic environment, attracting professionals who uphold high standards and ethics. HMC's commitment to professional development includes formal training and internal mobility opportunities. The organization also offers competitive benefits and actively participates in community engagement through programs like an annual Volunteer Day. This holistic approach ensures that HMC effectively manages Harvard University's financial resources, contributing significantly to the university's mission and operations.