The head of Harvard University's nearly $57 billion endowment, N.P. Narvekar, has told its board that he plans to retire, the Wall Street Journal reported on Friday, citing sources.
Narvekar has not set a definitive departure date but discussed the possibility of stepping down in late 2027. Harvard Management Co, the university's investment arm, did not immediately respond to a request for comment.
Narvekar joined Harvard's investment arm as CEO in December 2016. Prior to that, he was CEO of Columbia University Investment Management Company.
Harvard's endowment is the world's largest among universities. It grew by nearly $4 billion to $56.9 billion in fiscal 2025, driven by strong investment returns.
