Texas Teachers’ PE head switches to $32.7bn Harvard endowment


kb_logo_harvard_lrgHarvard’s $32.7bn endowment has poached the head of private equity from Teacher Retirement System of Texas to oversee its own buyout investments decisions.

Richard Hall is set to start the new role in April.

The Harvard Management Company has been without a director of private equity and venture capital for most of the last 12 months, with Peter Dolan resigning after 18 years in April 2013.

John Shue was initially cited as a replacement by Reuters, but the endowment went without a head for eight months before promoting Lane MacDonald.

He left after two months to become president of family office Crosby Advisors.

Hall has worked with Texas Teachers’ on private equity since 2008, and became head of the asset class at the limited partner in 2012.

He previously worked on direct investments at Dell Ventures.

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