Harvard Buys Stake In Brazilian Alternatives Firm

Dec 13 2007 | 10:51am ET

Harvard University’s endowment fund has taken a 12.5% stake in a Brazilian alternative investment manager. Boston’s Harvard Management Co. has reportedly paid an undisclosed amount for 12.5% of Gavea Investimentos.

Harvard will have no say in the $5.5 billion firm’s investment strategy. Of course, the endowment is no stranger to Gavea’s strategy; it has been an investor in a Gavea private equity fund for years.

Gavea will invest the proceeds of the stake sale in its three business areas, which include Brazil-based and off-shore hedge funds, private equity and wealth management.


In Depth

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

CAIS: How Technology is Disrupting the Alternative Investment Industry

Nov 7 2017 | 5:35pm ET

If there’s one thing that alternative investment professionals can agree on, it...