Supporting Harvard Since 1974
Since its inception, HMC has been tasked with the singular mission to generate strong long-term results to support the educational and research goals of Harvard University. This long-term focus has given us an edge in many facets of investment management. We were among the earliest institutional investors in venture capital, one of the first and largest investors in timberland assets, and a leading investor in some of the most successful absolute return and direct investment strategies.
Being an early entrant and bringing long-term focus has often allowed us to establish unique investment positions in less crowded areas. As a result, our portfolio has significantly outperformed a typical 60/40 stock/bond portfolio and the average endowment portfolio. This outperformance has contributed billions of dollars to Harvard University.
N.P. "Narv" NarvekarChief Executive Officer
Narv Narvekar joined HMC in December 2016 as Chief Executive Officer. Mr. Narvekar was most recently the Chief Executive Officer of Columbia University Investment Management Company, responsible for setting and leading investment strategy for the university endowment’s portfolio.
Prior to joining Columbia in 2002, Mr. Narvekar was the Managing Director at the University of Pennsylvania Investment Office. Previously, he served in a number of roles at J.P. Morgan, rising to the position of Managing Director, Equity Derivatives.
Mr. Narvekar is a Trustee at the Chapin School and a member of the Haverford College Investment Committee.
Mr. Narvekar is a graduate of Haverford College and received an MBA from the Wharton School at the University of Pennsylvania.
Rick SlocumChief Investment Officer
Rick Slocum joined HMC as Chief Investment Officer in March 2017. Previously, Mr. Slocum served as chief investment officer of a family office in New York where he was responsible for building the portfolio, the investment team, and developing an asset allocation framework.
Prior to the family office, Mr. Slocum was responsible for portfolio management and private equity at the Robert Wood Johnson Foundation and worked as a Senior Director in the University of Pennsylvania’s Office of Investments.
Mr. Slocum also worked for three different banks in New York over 20 years, primarily as a private placement specialist. He structured private credit and private equity deals, and also performed fundamental analysis in both credit and equity.
Mr. Slocum holds a BS and MBA from the Wharton School of the University of Pennsylvania. He is currently a member of Chatham House and serves on the Rockefeller Foundation’s Investment Committee.
Sanjeev DagaChief Operating Officer
Sanjeev Daga serves as Chief Operating Officer of Harvard Management Company. Prior to joining HMC in 2019, Mr. Daga spent 15 years as COO of Columbia University Investment Management Company (CIMC), developing and overseeing the investment support systems of one of the most successful endowments during that time period.
Before CIMC, Mr. Daga worked in risk management for both the Royal Bank of Scotland and Bankers Trust. He holds an MBA from the NYU Stern School of Business and a BA from Rutgers University.
Board of Directors
HMC’s Board of Directors is elected by the President and Fellows of Harvard College. Ex officio members of the HMC Board include Harvard University’s President, Treasurer, and Chief Financial Officer, as well as the Chief Executive Officer of HMC. Elected members, leaders in their respective fields, are selected for their investment, academic, and industry expertise.
MEMBERS OF THE BOARD OF DIRECTORS
Paul J. Finnegan, Chair
Co-Chief Executive Officer, Madison Dearborn Partners
Treasurer, Harvard University
Lawrence S. Bacow
President, Harvard University
Vice President and Chief Investment Officer, Ford Foundation
Amy C. Falls
Chief Investment Officer and Vice President for Investments, The Rockefeller University
Joshua S. Friedman
Co-Founder, Co-Chairman, and Co-Chief Executive Officer, Canyon Partners, LLC
Thomas J. Hollister
Chief Financial Officer, Harvard University
Co-Chief Investment Officer, Millennium Management
Thomas L. Kempner, Jr.
Co-Founder and Co-Executive Managing Member, Davidson Kempner Capital Management
William M. Lewis, Jr.
Managing Director and Co-Chairman of Investment Banking, Lazard & Co. Ltd.
Chief Executive Officer, Harvard Management Company
Brian C. Rogers
Former Chairman of the Board and Chief Investment Officer, T. Rowe Price Group
Jeremy C. Stein
Moise Y. Safra Professor of Economics, Harvard University