Harvard University’s endowment (valued at $39 billion as of 2018) is the largest academic endowment in the world. The private investment company has been quietly snapping up farmland and related water rights to properties located in the California region.
Instead of purchasing the land in Harvard Management Company, Inc.’s own name, asset managers secretly formed a wholly owned subsidiary – called Brodiaea, which was the vehicle to purchase more than a dozen investments in California vineyards over the last six years. Continue reading “Harvard’s $39B Endowment Is Secretly Acquiring California’s Water Supply”
