Crimson staff writer
Thomas J. Mete
Latest Content
Ivy League Federal Lobbying Expenditure Rose 12% in 2023, Harvard Spent $530,000
Harvard spent $530,000 on lobbying the federal government in 2023, the lowest amount spent by the University in the past nine years.
Harvard Endowment’s Fossil Fuel Investments Drop Below 2%
The Harvard Management Company — which stewards the University’s $50.7 billion endowment — reported the endowment’s investments in fossil fuels have fallen below 2 percent, as the University remains on pace to fully divest from the industry by 2050.
Michael Chae ’90, Blackstone CFO, Joins Harvard Management Company’s Board of Directors
The Harvard Corporation — the University’s highest governing body — tapped Michael S. Chae ’90, chief financial officer of Blackstone, to become the newest member of the Harvard Management Company’s board of directors.
Harvard Attracts Investors, Selling $750 Million in Taxable Bonds
After two credit rating agencies affirmed the University’s AAA rating, Harvard sold $750 million in taxable bonds at an advantageous rate, demonstrating strong investor faith in the school despite weathering a series of scandals last fall.
Nikki in Needham: Haley Holds Rally Ahead of Decisive Super Tuesday Vote
NEEDHAM, Mass. — Republican presidential candidate Nikki Haley discussed abortion laws, immigration reform, and rising national debt during a campaign stop in the Commonwealth as part of a last-ditch effort to mobilize support ahead of a crucial Republican primary on Tuesday.
Harvard University to Enter the Debt Market for $750 Million Taxable Bond Sale
Harvard will officially enter the debt market on Friday when it issues $750 million in taxable bonds with the intention to use the capital raised for “general corporate purposes” and to pay the costs of bond issuing, according to a preliminary offering notice released on Thursday.
Harvard’s AAA Credit Rating Reaffirmed by S&P Amid Leadership Crisis and Donor Turmoil
Harvard will maintain its AAA credit rating from S&P, the credit rating agency announced in a report on Thursday, easing concerns that the University could see its rating downgraded amid the ongoing leadership crisis and a growing list of major donors cutting ties with the school.
Harvard Plans $1.65 Billion Debt Financing Amid Donor Turmoil
Harvard announced it is exploring a $1.65 billion bonds sale in an attempt to raise capital through debt financing despite poor macroeconomic conditions, a move that comes after the University faced months of donor backlash.
Kornacki Says Trump Conviction Won’t Be Windfall for Dems at Harvard IOP Forum
NBC political analyst Steve J. Kornacki said swing voters are likely to keep supporting former President Donald Trump even if he is convicted of a felony at a Wednesday Institute of Politics Forum.
Harvard Slashes Healthcare Investments, Tech Rises to 98% of Portfolio
The Harvard Management Company increased its direct holdings of Alphabet and Meta and continued its major sell off of biopharma holdings — which now make up less than 1 percent of the portfolio — during the last three months of 2023.
Harvard Endowment Executives Meet with Silicon Valley Investors Amid University Turmoil
Harvard Management Company executives met with leading venture capital and private equity investors in Silicon Valley last week amid investor concerns over the University’s response to the Israel-Hamas war and allegations of antisemitism on campus.
