Harvard Management Company

also referred to as: hmc

8 statements across 5 episodes · 1 bullish · 1 bearish · 5 people on the record · first statement Sep 25, 2017 by David Barrett · said 36 times in 11 episodes since 2017 · across every show →

Mentions by year

brought up most by Lane MacDonald (15), Ted Seides (11), Steve Galbraith (2), David Salem (2), Amy Falls (2), Mike Choe (1), Matt Botein (1), Chris Douvos (1)

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001012022017201820192020202120222023202420252026episodesmentions per episode
2026 20 mentions in 1 episode
2025 2 mentions in 1 episode
2024 3 mentions in 1 episode
2023 3 mentions in 1 episode
2022 2 mentions in 2 episodes 1 per episode
2021 2 mentions in 2 episodes 1 per episode
2019 1 mention in 1 episode
2017 3 mentions in 2 episodes 2 per episode

every mention, scene by scene, with the transcript →

Everything said about Harvard Management Company, oldest first

Sep 25, 2017 neutral
Assertion Not checkable as stated
Harvard Management Company's 2.5-month CIO search was Barrett's shortest ever
“Harvard was the shortest search we ever did. It was two and a half months. I mean, and typically these take four or five, six months.”
David Barrett Sep 25, 2017 ▶ 27:04 David Barrett – Searching for Leaders (Capital Allocators, EP.26)
Nov 18, 2019 negative
Assertion Not checkable as stated
Rattner: Harvard is still untangling illiquid investments it shouldn't have made
“What a lot of these firms or institutions have is a lot of illiquid stuff. Harvard is still trying to untangle some of it that they probably shouldn't have done”
Steve Rattner Nov 18, 2019 ▶ 20:27 Steve Rattner – Overseeing Michael Bloomberg's Family Office (Capital Allocators, EP.113)
Jun 28, 2021 neutral
Disclosure
Connaughton: Bain Capital avoids infrastructure and energy, entered real estate via Harvard
“We're not in infrastructure. We're not in energy investing. There's a lot that we're not in, and frankly, we weren't even in real estate, even though we tried for all 30 of my years up until a couple years ago when we actually took over Harvard's real estate b…”
John Connaughton Jun 28, 2021 ▶ 27:31 Private Equity Master 2: John Connaughton – Bain Capital (Capital Allocators, EP.201)
Feb 17, 2025 neutral
Assertion Supported
Choe: Harvard built direct in-house investment teams while Yale selected external managers
“So in contrast with Yale, where David Swenson pioneered the use of third-party managers to generate performance and manager selection, and then also overweighting into alternatives, Harvard decided to construct Their portfolio with in-house investors, and so t…”
Mike Choe Feb 17, 2025 ▶ 13:14 Michael Choe - Atomization of Private Equity Decisions at Charlesbank (EP.432)
Jan 26, 2026 positive
Insight
MacDonald: $30B to $100B is the sweet spot for institutional platform scale
“Being in platforms like HMC, which was 30, forty billion when I was there, 30 to a hundred is the sweet spot where you can have enough capital to matter, but if a five or ten million dollar opportunity comes up that's compelling, you still have the ability to …”
Lane MacDonald Jan 26, 2026 ▶ 30:35 Lane MacDonald – Teamwork, Alignment, and Investing at the Highest Levels at SCS (EP.483)
Jan 26, 2026 neutral
Assertion Supported
MacDonald: HMC internal managers earned 4% to 8% carry on alpha
“Those folks were generally making roughly four to eight percent carry the alpha that they were generating while they were at HMC.”
Lane MacDonald Jan 26, 2026 ▶ 24:49 Lane MacDonald – Teamwork, Alignment, and Investing at the Highest Levels at SCS (EP.483)
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