Harvard’s Endowment Chief Begins Plans to Depart from Fund

Harvard University’s endowment head, N.P. “Narv” Narvekar, has begun discussions about departing from the investment fund valued at $56.9 billion.

Narvekar initiated talks this year with the board of Harvard Management Co., which runs the endowment, about who would succeed him but no date has been determined, according to people familiar with the matter who asked not to be identified when discussing private conversations. The talks were part of succession planning.

During Narvekar’s tenure, he overhauled the endowment by changing the investment team’s compensation, selling billions in assets and boosting allocations to private equity. Despite recent ...