Harvard Shopping $5B Portfolio

CAMBRIDGE, MA-Harvard University’s endowment of $26 billion is looking to divest $5 billion worth of real estate assets, according to the Wall Street Journal . The ivy league school is looking to reduce its exposure to some of the distressed assets in its portfolio.

There is speculation that the play is being used to create liquidity for the endowment moving forward. The break-down is anticipated to be about $2 billion in property with $3 billion in future commitments. The university, however is also looking to partner with buyers and retain roughly 50% stake in the asset.