A good chunk of that is illiquid because it is capital invested in funds that may or may not be priced/valued accurately. And Harvard has $7-8B in outstanding debt.
If there’s a severe recession or crisis, it’s not clear that Harvard will sail smoothly through it without some turbulence. Though i’m not implying they would sell some these priceless assets.
Then again, Harvard has a 53 billion dollar endowment so it probably wouldn't be necessary.
A good chunk of that is illiquid because it is capital invested in funds that may or may not be priced/valued accurately. And Harvard has $7-8B in outstanding debt. If there’s a severe recession or crisis, it’s not clear that Harvard will sail smoothly through it without some turbulence. Though i’m not implying they would sell some these priceless assets.