Amid the blizzard of business news and rumours generated by Cyclone Trump in the last few days, one Bloomberg headline would have sent a chill down the spines of private equity dealmakers from New York to Sydney: “Harvard in talks to sell $US1 billion of private equity stakes”.
The storied US university is, of course, firmly in the gunsights of US President Donald Trump, who has halted $US2.2 billion ($3.4 billion) in federal funding amid accusations Harvard has failed to protect Jewish students during pro-Palestine protests.
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