Harvard Endowment CEO Narvekar Plans Retirement After Nearly a Decade
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 16 2026
0mins
Source: Yahoo Finance
- Leadership Transition: N.P. Narvekar, CEO of Harvard's endowment, plans to retire after nearly a decade, with a potential departure timeline set for late 2027 to facilitate succession planning, which may impact the long-term strategic direction of the fund.
- Performance Improvement: Under Narvekar's leadership, the endowment achieved an 8.1% annualized return over the past three years, surpassing rivals like Yale and Princeton, demonstrating a successful transformation in investment management that has strengthened Harvard's competitive position in academia.
- Investment Strategy Shift: Narvekar aggressively liquidated underperforming illiquid assets while increasing allocations to private equity and venture capital, diversifying the fund's portfolio and successfully attracting capital from top-tier investment managers, thereby enhancing overall investment returns.
- Fiscal Anchor Role: The endowment generated over one-third of Harvard's $6.7 billion operating budget, serving as a crucial fiscal anchor for the university, particularly in light of federal research funding cuts implemented during the Trump administration, ensuring financial stability for the institution.
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Analyst Views on APO
Wall Street analysts forecast APO stock price to rise
11 Analyst Rating
10 Buy
1 Hold
0 Sell
Strong Buy
Current: 127.510
Low
136.00
Averages
164.45
High
182.00
Current: 127.510
Low
136.00
Averages
164.45
High
182.00
About APO
Apollo Global Management, Inc. is a global alternative asset manager and a retirement services provider. It operates through three segments: Asset Management, Retirement Services and Principal Investing. The Asset Management segment focuses on three investing strategies: yield, hybrid, and equity. These strategies reflect the range of investment capabilities across its platform based on relative risk and return. The Retirement Services business is conducted by Athene Holding Ltd (Athene), a financial services company that specializes in issuing, reinsuring, and acquiring retirement savings products designed for the increasing number of individuals and institutions seeking to fund retirement needs. Athene product lines include annuities and funding agreements. The Principal Investing segment includes realized performance fee income, realized investment income from its balance sheet investments, and certain allocable expenses related to corporate functions supporting the entire company.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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- Software Sector Pressure: The software industry accounts for 19% of private credit collateralized loan obligations, and as growth slows and margins compress, the repayment capacity of these loans is expected to be negatively impacted, adding to market uncertainty.
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