Q&A – David Ferrero

Founded in 1974, Harvard Management Company (HMC) is a subsidiary of Harvard University responsible for managing the University's endowment, pension assets, working capital and deferred giving accounts. Generally regarded as one of the most astute investors in the alternative asset sector, HMC currently oversees approximately $26 billion in assets, $2.2 billion of which is invested in real estate. David Ferrero, who originally joined HMC in 1997, co-manages HMC's opportunistic real estate portfolio. Here, Ferrero talks about the current state of the real estate fundraising market, Harvard's “clarity of mission” and the importance of listening to your LPs.