The executive who manages Harvard University’s massive $57 billion endowment has informed the institution’s board about his retirement intentions, according to a Wall Street Journal report published Friday evening that cited unnamed sources.
The newspaper indicated that N.P. Narvekar has not established a firm timeline for his departure but has discussed the potential of leaving his position in late 2027.
Reuters was unable to independently confirm the reporting. Harvard Management Co, which serves as the university’s investment division, did not provide an immediate response to requests for comment after standard business hours.
While Reuters could not reach Narvekar directly, the Journal’s report noted that he refused to provide comment to their publication.
According to the university’s investment arm’s website, Narvekar assumed the role of CEO in December 2016. Before taking on this position, he served as the chief executive of Columbia University Investment Management Company.
The Harvard University endowment represents the largest among universities globally and increased by approximately $4 billion to reach $56.9 billion during fiscal 2025, driven by robust investment performance despite reduced research funding from the Trump administration.
