Harvard 'in talks for Bain to manage its real estate assets'

Boston

HARVARD University's endowment is in talks to move the management of a portion of its real estate investments to Bain Capital, according to people familiar with the matter.

Under the plan being discussed, Bain would hire about 20 people from the team at Harvard Management Co, which oversees the US$37.1 billion endowment, said the people, who asked not to be identified because the information is private.