The university has reportedly backed an oversubscribed $1.5bn buyout vehicle launched by Arcline aiming to take over eight-to-10 mid-market companies.
Harvard Management, which oversees the university’s $39bn endowment, has reportedly contributed approximately $150m to the $1.5bn close of a buyout fund launched by Arcline Investment Management, Bloomberg reported on Tuesday.
The vehicle, Arcline’s first buyout fund, surpassed its original $1.3bn target when it closed on March 11, with the help of contributions from unnamed university endowments, sovereign wealth funds, family offices and philanthropic foundations.
Neither party officially commented on Bloomberg’s report. Separately, public pension fund Texas Municipal Retirement System…
