Harvard Management Company
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Harvard Management Company (HMC) is the investment arm of Harvard University, established in 1974 to manage the university's endowment. It invests the endowment as a single entity across a diversified portfolio of asset classes, including public equities, fixed income, real estate, natural resources, and private investments such as venture capital and private equity. HMC's returns contribute more than one-third of Harvard's annual operating budget, supporting financial aid, research, and academic programs. The firm is based in the United States and focuses on long-term capital appreciation to sustain the university's mission.
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