Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1b · Membership dues

  $3,245,631

• 1c · Fundraising events

  $263,006

• 1e · Government grants (contributions)

  $600,186,053

• 1f · All other contributions, gifts and grants

  $1,248,658,850

• 1g · Noncash contributions included above

  $117,686,534

• 2a · Program service revenue: STUDENT TUITION, ROOM & BOARD

  total $2,023,618,568 · related or exempt $2,023,618,568

• 2b · Program service revenue: NON-FEDERAL CONTRACTS

  total $96,371,409 · related or exempt $96,371,409

• 2c · Program service revenue: AUXILIARY HEALTH SERVICES

  total $83,065,817 · excluded $83,065,817

• 2d · Program service revenue: PUBLICATIONS

  total $30,997,732 · related or exempt $30,997,732

• 2e · Program service revenue: STUDENT/EMPLOYEE SERVICES

  total $36,098,939 · unrelated business $5,906,014 · excluded $30,192,925

• 2f · All other program service revenue

  total $211,499,376 · related or exempt $130,412,741 · unrelated business $27,878,862 · excluded $53,207,773

• 3 · Investment income

  total $418,141,438 · unrelated business $214,114 · excluded $417,927,324

• 5 · Royalties

  total $84,011,836 · excluded $84,011,836

• 6a · Gross rents

  real property $64,331,052

• 6b · Less rental expenses

  real property $40,285,177

• 6c · Rental income or loss

  real property $24,045,875 · personal property $0

• 6d · Net rental income or loss

  total $24,045,875 · excluded $24,045,875

• 7a · Gross sales of assets other than inventory

  securities $19,101,558,039 · other assets $7,221,977

• 7b · Less cost or other basis and sales expenses

  securities $15,639,001,882 · other assets $6,593,994

• 7c · Gain or loss

  securities $3,462,556,157 · other assets $627,983

• 7d · Net gain or loss

  total $3,463,184,140 · excluded $3,463,184,140

• 8a · Fundraising events: gross income

  $30,320

• 8a · Fundraising events: contributions included on line 1c

  $263,006

• 8b · Fundraising events: direct expenses

  $183,057

• 8c · Net income from fundraising events

  total -$152,737 · excluded -$152,737

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $0

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $271,694,729 · program services $271,694,729

• 2 · Grants to domestic individuals

  total $774,518,878 · program services $774,518,878

• 3 · Grants to foreign organizations and individuals

  total $43,425,858 · program services $43,425,858

• 4 · Benefits paid to or for members

  total $0 · program services $0

• 5 · Compensation of officers, directors and key employees

  total $14,083,802 · program services $857,562 · management and general $11,470,135 · fundraising $1,756,105

• 6 · Compensation of disqualified persons

  total $1,844,459 · program services $1,844,459 · management and general $0 · fundraising $0

• 7 · Other salaries and wages

  total $2,598,229,631 · program services $2,303,871,813 · management and general $176,928,860 · fundraising $117,428,958

• 8 · Pension plan contributions

  total $199,542,848 · program services $176,936,302 · management and general $13,588,056 · fundraising $9,018,490

• 9 · Other employee benefits

  total $350,244,824 · program services $310,564,997 · management and general $23,850,247 · fundraising $15,829,580

• 10 · Payroll taxes

  total $164,560,495 · program services $145,917,159 · management and general $11,205,900 · fundraising $7,437,436

• 11a · Fees: management

  total $48,516,013 · program services $46,066,191 · management and general $1,518,307 · fundraising $931,515

• 11b · Fees: legal

  total $126,617,412 · program services $3,978,949 · management and general $122,597,673 · fundraising $40,790

• 11c · Fees: accounting

  total $2,544,004 · program services $475,470 · management and general $2,068,534 · fundraising $0

• 11d · Fees: lobbying

  total $586,674 · program services $406,159 · management and general $180,515 · fundraising $0

• 11e · Fees: professional fundraising services

  total $376,299 · fundraising $376,299

• 11f · Fees: investment management

  total $130,527,372 · program services $0 · management and general $130,527,372 · fundraising $0

• 11g · Fees: other

  total $453,366,262 · program services $385,975,482 · management and general $61,864,672 · fundraising $5,526,108

• 12 · Advertising and promotion

  total $58,253,857 · program services $54,920,768 · management and general $1,768,080 · fundraising $1,565,009

• 13 · Office expenses

  total $227,158,642 · program services $215,779,772 · management and general $6,779,175 · fundraising $4,599,695

• 14 · Information technology

  total $159,673,290 · program services $134,221,273 · management and general $20,247,688 · fundraising $5,204,329

• 15 · Royalties

  total $3,255,801 · program services $3,207,284 · management and general $17,040 · fundraising $31,477

• 16 · Occupancy

  total $397,143,057 · program services $334,490,537 · management and general $44,370,466 · fundraising $18,282,054

• 17 · Travel

  total $98,841,453 · program services $91,934,784 · management and general $1,625,458 · fundraising $5,281,211

• 19 · Conferences, conventions and meetings

  total $85,113,049 · program services $65,765,134 · management and general $6,270,555 · fundraising $13,077,360

• 20 · Interest

  total $259,955,583 · program services $235,938,941 · management and general $12,577,726 · fundraising $11,438,916

• 22 · Depreciation, depletion and amortization

  total $430,333,979 · program services $385,879,798 · management and general $23,978,682 · fundraising $20,475,499

• 23 · Insurance

  total $24,339,586 · program services $9,055,940 · management and general $15,283,646 · fundraising $0

• 24a · Other expenses: TAXES AND FEES

  total $130,325,643 · program services $29,586,134 · management and general $99,480,846 · fundraising $1,258,663

• 24b · Other expenses: PAYMENTS TO ANNUITANTS

  total $67,977,373 · program services $67,977,373 · management and general $0 · fundraising $0

• 24c · Other expenses: BOOKS/PUBLICATIONS

  total $53,319,277 · program services $52,845,040 · management and general $211,822 · fundraising $262,415

• 24d · Other expenses: PUBLISHING

  total $19,157,416 · program services $15,974,808 · management and general $815,735 · fundraising $2,366,873

• 24e · All other expenses

  total $47,862,819 · program services $35,321,377 · management and general $7,500,489 · fundraising $5,040,953

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $16,480,000 · end of year $23,107,000

• 2 · Savings and temporary cash investments

  beginning of year $40,144,000 · end of year $145,145,000

• 3 · Pledges and grants receivable

  beginning of year $2,418,933,000 · end of year $2,406,093,000

• 4 · Accounts receivable

  beginning of year $206,119,000 · end of year $217,939,000

• 5 · Loans and receivables from officers and key people

  beginning of year $2,742,000 · end of year $3,150,000

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 7 · Other notes and loans receivable

  beginning of year $421,487,000 · end of year $443,900,000

• 8 · Inventories for sale or use

  beginning of year $5,602,000 · end of year $5,159,000

• 9 · Prepaid expenses and deferred charges

  beginning of year $389,563,000 · end of year $434,923,000

• 10a · Land, buildings and equipment: cost or other basis

  $16,287,711,000

• 10b · Land, buildings and equipment: accumulated depreciation

  $7,083,830,000

• 10c · Land, buildings and equipment, net

  beginning of year $8,598,902,000 · end of year $9,203,881,000

• 11 · Investments: publicly traded securities

  beginning of year $33,249,257,000 · end of year $35,478,166,000

• 12 · Investments: other securities

  beginning of year $26,835,536,000 · end of year $29,507,773,000

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $2,186,815,000 · end of year $2,066,065,000

• 17 · Accounts payable and accrued expenses

  beginning of year $546,150,000 · end of year $615,430,000

• 19 · Deferred revenue

  beginning of year $573,908,000 · end of year $569,546,000

• 20 · Tax-exempt bond liabilities

  beginning of year $2,562,370,000 · end of year $2,953,855,000

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 24 · Unsecured notes and loans payable

  beginning of year $4,571,710,000 · end of year $5,339,593,000

• 25 · Other liabilities

  beginning of year $3,858,538,000 · end of year $3,918,003,000

• 27 · Net assets without donor restrictions

  beginning of year $16,079,184,000 · end of year $17,197,838,000

• 28 · Net assets with donor restrictions

  beginning of year $46,179,720,000 · end of year $49,341,036,000

The filer's explanations (Part III)

Schedule J, Part I, Line 1a First-class or charter travel

UNIVERSITY TRAVEL POLICY PROHIBITS FIRST CLASS TRAVEL EXCEPT IN LIMITED CIRCUMSTANCES. IN ACCORDANCE WITH THIS POLICY, ONE OFFICER AND ONE KEY EMPLOYEE TRAVELED FIRST CLASS ON A SMALL NUMBER OF TRIPS DURING THE YEAR. TRAVEL EXPENSES ARE INCURRED FOR UNIVERSITY BUSINESS PURPOSES AND ARE THEREFORE NOT TREATED AS TAXABLE COMPENSATION.

Schedule J, Part I, Line 1a Travel for companions

UNIVERSITY TRAVEL POLICY ALLOWS FOR REIMBURSEMENT OF TRAVEL EXPENSES INCURRED BY COMPANION TRAVELERS WHEN THE COMPANION HAS A SIGNIFICANT ROLE IN THE BUSINESS PROCEEDINGS, OR MAKES AN IMPORTANT CONTRIBUTION TO THE SUCCESS OF AN EVENT. IN ACCORDANCE WITH THIS POLICY, THE UNIVERSITY REIMBURSED ONE OFFICER FOR COMPANION TRAVEL DURING THE YEAR. IN THESE LIMITED CIRCUMSTANCES, THE REIMBURSEMENT OF COMPANION AND FAMILY MEMBER TRAVEL EXPENSES WAS A LEGITIMATE BUSINESS EXPENSE FOR THE UNIVERSITY AND THEREFORE IT WAS NOT REPORTED IN THE EMPLOYEES' TAXABLE COMPENSATION.

Schedule J, Part I, Line 1a Tax indemnification and gross-up payments

THE UNIVERSITY ELECTED TO MAKE GROSS-UP PAYMENTS RELATED TO BONUSES, REIMBURSEMENTS, AND IMPUTED INCOME, SUCH AS MOVING AND GIFTS. ONE OFFICER RECEIVED THIS BENEFIT PURSUANT TO UNIVERSITY INTERNAL REVIEW PROCESSES.

Schedule J, Part I, Line 1a Housing allowance or residence for personal use

THE UNIVERSITY PROVIDED PRESIDENT GARBER WITH A RESIDENCE IN CAMBRIDGE AND REQUIRED ITS USE AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF THE UNIVERSITY. THE TOTAL ESTIMATED VALUE OF THE ANNUAL PERSONAL USE OF THE RESIDENCE IS $174,820 AND IS REPORTED AS A NONTAXABLE BENEFIT IN PART VII, LINE 1A AND SCHEDULE J, PART II. THE UNIVERSITY PROVIDED FORMER PRESIDENT GAY WITH A RESIDENCE IN CAMBRIDGE AND REQUIRED ITS USE AS A CONDITION OF EMPLOYMENT FOR THE UNIVERSITY. THE TOTAL ESTIMATED VALUE OF THE ANNUAL PERSONAL USE OF THE RESIDENCE IS $73,052 AND IS REPORTED AS A NONTAXABLE BENEFIT IN PART VII, LINE 1A AND SCHEDULE J, PART II. PLEASE NOTE THE ESTIMATED VALUE OF PERSONAL USE IS BASED ON PARTIAL YEAR USE. DUE TO TURNOVER, FORMER PRESIDENT GAY ONLY LIVED IN THE RESIDENCE FOR THREE MONTHS. HARVARD BUSINESS SCHOOL (HBS) PROVIDED DEAN DATAR WITH A RESIDENCE IN ALLSTON AND REQUIRED ITS USE AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF HBS. THE TOTAL ESTIMATED VALUE OF THE ANNUAL PERSONAL USE OF THE RESIDENCE IS $127,269 AND IS REPORTED AS A NONTAXABLE BENEFIT IN PART VII, LINE 1A AND SCHEDULE J, PART II. THE FACULTY OF ARTS AND SCIENCES (FAS) PROVIDES DEAN HOEKSTRA WITH A RESIDENCE IN CAMBRIDGE AND REQUIRES ITS USE AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF FAS. THE TOTAL ESTIMATED VALUE OF THE ANNUAL PERSONAL USE OF THE RESIDENCE IS $198,343 AND IS REPORTED AS A NONTAXABLE BENEFIT IN PART VII, LINE 1A AND SCHEDULE J, PART II. TWO OFFICERS, ONE KEY EMPLOYEE, AND TWO HIGHEST COMPENSATED EMPLOYEES RECEIVED A HOUSING ALLOWANCE. THIS AMOUNT IS INCLUDED IN THE EMPLOYEES' TAXABLE COMPENSATION AND IS REPORTED ON SCHEDULE J, PART II, COLUMN B (III) AS OTHER REPORTABLE COMPENSATION. THE UNIVERSITY FOLLOWS WRITTEN GUIDELINES ON HOUSING ALLOWANCES, WHICH ARE OFFERED ON A LIMITED BASIS TO SENIOR FACULTY AND SENIOR ADMINISTRATORS.

Schedule J, Part I, Line 1a Health or social club dues or initiation fees

PURSUANT TO THE BUSINESS EXPENSE REIMBURSEMENT POLICY THE UNIVERSITY PAID HARVARD CLUB DUES FOR ONE KEY EMPLOYEE. THIS IS A NONTAXABLE BUSINESS EXPENSE IN FURTHERANCE OF ALUMNI RELATIONS AND DEVELOPMENT.

Schedule J, Part I, Line 1a Personal services

DURING THE PERFORMANCE OF REGULAR UNIVERSITY DUTIES, A UNIVERSITY EMPLOYEE MAY, ON OCCASION, PERFORM INCIDENTAL PERSONAL SERVICES FOR THE PRESIDENT (E.G., PURCHASING OF SMALL HOUSEHOLD ITEMS, WITH THE COST OF SUCH ITEMS REIMBURSED IN FULL BY THE PRESIDENT). THE UNIVERSITY REGARDS SUCH SERVICES AS A NONTAXABLE "DE MINIMIS" FRINGE BENEFIT.

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan

HARVARD BUSINESS SCHOOL'S VOLUNTARY RETIREMENT INCENTIVE PLAN ALLOWS ELIGIBLE FACULTY MEMBERS TO ELECT TO RETIRE AT A SET DATE IN EXCHANGE FOR A LUMP-SUM PAYMENT. THE FACULTY MEMBER FORFEITS THE PAYMENT IF HE/SHE TERMINATES EMPLOYMENT BEFORE THE RETIREMENT DATE. THE AMOUNT FULLY VESTS AND IS DISTRIBUTED WHEN THE FACULTY MEMBER RETIRES. UNDER THIS PLAN, THREE HIGHEST COMPENSATED EMPLOYEES, PROFESSORS ROBIN ELY, NANCY KOEHN AND KATHLEEN MCGINN, RECEIVED PAYMENTS OF $1,410,300, $1,459,500 AND $1,494,900 RESPECTIVELY, WHICH HAVE BEEN REPORTED IN PART II, COLUMN B(III) OTHER REPORTABLE COMPENSATION.

Schedule J, Part I, Line 7 Non-fixed payments

THE UNIVERSITY OFFERS INCENTIVE COMPENSATION FOR OUTSTANDING PERFORMANCE. BONUS AND INCENTIVE PAYMENTS FOR OFFICERS, KEY EMPLOYEES AND HIGHEST COMPENSATED EMPLOYEES ARE LISTED IN PART II, COLUMN (B)(II).

Schedule J, Part I, Line 3 COMPENSATION REVIEW PROCESS:

SEE SCHEDULE O "COMPENSATION REVIEW PROCESS" FOR A DISCUSSION OF THE METHODS USED TO ESTABLISH THE PRESIDENT'S COMPENSATION.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• BEAU GESTE XXV LLC

  REAL ESTATE · MA · income $29,110,633 · assets $97,863,966

  Directly controlled by PRESIDENT AND FELLOWS OF HARVARD COLLEGE

• HALC ERC LANDLORD LLC

  REAL ESTATE · MA · income $0 · assets $0

  Directly controlled by PRESIDENT AND FELLOWS OF HARVARD COLLEGE

• HARVARD 219 WESTERN LLC

  REAL ESTATE · MA · income $637,383 · assets $6,661,655

  Directly controlled by PRESIDENT AND FELLOWS OF HARVARD COLLEGE

• HARVARD ALLSTON LAND COMPANY

  DEVELOPMENT MANAGEMENT · MA · income $7,441,582 · assets $153,825,947

  Directly controlled by PRESIDENT AND FELLOWS OF HARVARD COLLEGE

• HARVARD INTERNATIONAL LLC

  INTERNATIONAL SUPPORT · DE · income $0 · assets $0

  Directly controlled by PRESIDENT AND FELLOWS OF HARVARD COLLEGE

• HARVARD UNIVERSITY BEACON YARDS LLC

  REAL ESTATE · MA · income $656,618 · assets $1,241,967

  Directly controlled by PRESIDENT AND FELLOWS OF HARVARD COLLEGE

• HUH BROKERAGE SERVICES LLC

  REAL ESTATE · MA · income $390,749 · assets $462,301

  Directly controlled by PRESIDENT AND FELLOWS OF HARVARD COLLEGE

• WOODBINE MILL FUNDS LLC

  INVESTMENTS · DE · income $36,954,278 · assets $986,410,728

  Directly controlled by PRESIDENT AND FELLOWS OF HARVARD COLLEGE

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• 144 FULTON MMEE JV LLC

  Excluded · INVESTMENTS · DE · 67.52% owned · share of income -$2,977,994 · share of assets $0

  Directly controlled by CAR II HOLDINGS I LLC (CROWN ATLANTIC RETAIL II LLC)

• 170 BROADWAY LLC

  Excluded · INVESTMENTS · DE · 67.52% owned · share of income $156,802 · share of assets $0

  Directly controlled by CROWN ATLANTIC RETAIL I LLC (CROWN ATLANTIC RETAIL LLC)

• 522 FULTON REALTY LLC

  Excluded · INVESTMENTS · DE · 67.52% owned · share of income -$1,149,230 · share of assets $16,445,351

  Directly controlled by CA 522 INVESTOR LLC (CROWN ATLANTIC RETAIL II LLC)

• 947 LINCOLN ROAD LLC

  Excluded · INVESTMENTS · DE · 67.52% owned · share of income $668,199 · share of assets $24,925,181

  Directly controlled by CROWN ATLANTIC RETAIL I LLC (CROWN ATLANTIC RETAIL LLC)

• ALTIMETER GROWTH DIABLO FUND LP

  Excluded · INVESTMENTS · DE · 65.75% owned · share of income $0 · share of assets $19,866,173

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• ALTOS HYBRID HD LLC

  Excluded · INVESTMENTS · DE · 99.99% owned · share of income $15,721 · share of assets $7,855,331

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• AMERRA AGRI OPPORTUNITY FUND LP

  Excluded · INVESTMENTS · DE · 99.24% owned · share of income $5,512,494 · share of assets $47,557,464

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• APOLLO THUNDER PARTNERS LP

  Excluded · INVESTMENTS · DE · 97.62% owned · share of income -$884,090 · share of assets $51,316,270

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• AQUILINE ARMOUR CO-INVEST II LP

  Excluded · INVESTMENTS · 76.19% owned · share of income $0 · share of assets $20,695,898

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• ARTIST GROWTH OPPORTUNITY III LP

  Excluded · INVESTMENTS · DE · 90.15% owned · share of income $0 · share of assets $15,056,266

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• ASSOCIATED FUNDS SPV LP

  Excluded · INVESTMENTS · DE · 50.12% owned · share of income $0 · share of assets $0

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• ATLANTIC CT HOLDINGS LLC

  Excluded · INVESTMENTS · DE · 63.13% owned · share of income $0 · share of assets $0

  Directly controlled by ATLANTIC WESTERN INDUSTRIAL LLC (ATLANTIC US REAL ESTATE LLC)

• ATLANTIC REGENT HOLDINGS LLC

  Excluded · INVESTMENTS · DE · 83.43% owned · share of income -$66,774 · share of assets $9,285,515

  Directly controlled by ATLANTIC WSWO LLC (ATLANTIC US REAL ESTATE LLC)

• ATLANTIC SCIOTO HOLDINGS LLC

  Excluded · INVESTMENTS · DE · 84.08% owned · share of income $0 · share of assets $0

  Directly controlled by ATLANTIC DEBT INVESTOR LLC (ATLANTIC US REAL ESTATE LLC)

• ATLANTIC TORONTO LP

  Excluded · INVESTMENTS · DE · 99.99% owned · share of income $0 · share of assets $0

  Directly controlled by HARVARD PRIVATE CAPITAL REALTY INC

• ATLANTIC US REAL ESTATE LLC

  Excluded · INVESTMENTS · DE · 84.4% owned · share of income $100,494,376 · share of assets $1,570,918,805

  Directly controlled by HARVARD PRIVATE CAPITAL REALTY INC

• AVENIR GROWTH PARTNERS III CO-INVEST LP

  Excluded · INVESTMENTS · DE · 58.7% owned · share of income -$6,810,409 · share of assets $97,843,340

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• AVENTAIL ENERGY FUND LP

  Excluded · INVESTMENTS · DE · 57.37% owned · share of income $13,373,720 · share of assets $492,988,116

  Directly controlled by HARVARD PRIVATE CAPITAL REALTY INC

• BAINBRIDGE CC URBANA APARTMENTS LLC

  Excluded · INVESTMENTS · DE · 74.44% owned · share of income $1,951,400 · share of assets $6,827,123

  Directly controlled by BLUE ATLANTIC URBANA LLC

• BCC CAMBRIDGE NEW FINANCING SOLUTION (REVOLVERS) LP

  Excluded · INVESTMENTS · DE · 100% owned · share of income $243,173 · share of assets $46,272,795

  Directly controlled by LUXCO LENDING FUND II SARL

• BCC CAMBRIDGE NEW FINANCING SOLUTION (TL) LP

  Excluded · INVESTMENTS · DE · 100% owned · share of income $12,579,861 · share of assets $45,262,926

  Directly controlled by LUXCO LENDING FUND II SARL

• BLC FIC FIDC-NP

  Excluded · INVESTMENTS · BR · 52.97% owned · share of income $19,414,277 · share of assets $204,269,541

  Directly controlled by BLC MASTER FUND LP

• BLC MASTER FUND LP

  Excluded · INVESTMENTS · CJ · 56.93% owned · share of income $15,809,098 · share of assets $176,770,296

  Directly controlled by BLC FUND B LP

• BLUE ATLANTIC ACQUISITION GROUP II LLC

  Excluded · INVESTMENTS · DE · 82.71% owned · share of income $1,658,521 · share of assets $27,748,769

  Directly controlled by ATLANTIC STUDENT HOUSING LLC (BLUE ATLANTIC ACQUISITION GROUP LLC)

• BLUE OWL OPPORTUNISTIC LENDING I (H) LP

  Excluded · INVESTMENTS · DE · 94.24% owned · share of income $1,927,491 · share of assets $21,423,919

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• BRIGHTLIGHT CAPITAL PARTNERS LP

  Excluded · INVESTMENTS · DE · 59.9% owned · share of income $26,030,900 · share of assets $144,093,697

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• BRIGHTMIND VENTURES I LP

  Excluded · INVESTMENTS · DE · 91.55% owned · share of income $0 · share of assets $2,561,917

  Directly controlled by HARVARD PRIVATE CAPITAL REALTY INC

• CA ATLANTIC URBAN LV LLC

  Excluded · INVESTMENTS · DE · 84.4% owned · share of income $235,095 · share of assets $4,102,938

  Directly controlled by ATLANTIC URBAN LV INVESTMENT LLC (ATLANTIC US REAL ESTATE LLC)

• CA USQUARE LLC

  Excluded · INVESTMENTS · DE · 75.96% owned · share of income -$1,227,321 · share of assets $290

  Directly controlled by ATLANTIC USQUARE LLC (ATLANTIC US REAL ESTATE LLC)

• CB ACCESS FUND LP

  Excluded · INVESTMENTS · DE · 96.51% owned · share of income $23,820 · share of assets $17,868,334

  Directly controlled by HARVARD PRIVATE CAPITAL REALTY INC

• CERBERUS MA PARTNERS LP

  Excluded · INVESTMENTS · CJ · 70.57% owned · share of income -$4,322,352 · share of assets $4,690,678

  Directly controlled by HARVARD PRIVATE CAPITAL REALTY INC

• COGNATE INVESTMENTS LP- SERIES SAM1

  Excluded · INVESTMENTS · DE · 62.34% owned · share of income $0 · share of assets $0

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• CORAL SENIOR HOUSING II LLC

  Excluded · INVESTMENTS · DE · 83.98% owned · share of income -$75,865 · share of assets $15,802,800

  Directly controlled by CORAL LIVING II LLC (ATLANTIC US REAL ESTATE LLC)

• CORAL SENIOR HOUSING III LLC

  Excluded · INVESTMENTS · DE · 83.98% owned · share of income -$294,974 · share of assets $68,136,700

  Directly controlled by CORAL LIVING III LLC (ATLANTIC US REAL ESTATE LLC)

• CORAL SENIOR HOUSING IV LLC

  Excluded · INVESTMENTS · DE · 83.98% owned · share of income $393,401 · share of assets $78,499,565

  Directly controlled by CORAL LIVING III LLC (ATLANTIC US REAL ESTATE LLC)

• CROWN 144 FULTON LLC

  Excluded · INVESTMENTS · DE · 64.84% owned · share of income $2,852,341 · share of assets $0

  Directly controlled by 144 FULTON MMEE JV LLC

• CROWN ATLANTIC INTL OLIVE LLC

  Excluded · INVESTMENTS · DE · 69.4% owned · share of income $6,821,260 · share of assets $0

  Directly controlled by CROWN ATLANTIC RETAIL I LLC (CROWN ATLANTIC RETAIL LLC)

• CROWN ATLANTIC RETAIL II LLC

  Excluded · INVESTMENTS · DE · 75.02% owned · share of income -$794,825 · share of assets $20,702,527

  Directly controlled by ATLANTIC URBAN RETAIL INC

• CROWN ATLANTIC RETAIL LLC

  Excluded · INVESTMENTS · DE · 75.02% owned · share of income $7,725,441 · share of assets $39,193,762

  Directly controlled by ATLANTIC URBAN RETAIL INC

• CROWN ICS 5TH ACQUISITIONS LLC

  Excluded · INVESTMENTS · DE · 51.12% owned · share of income -$1,404,642 · share of assets $8,798,203

  Directly controlled by ATLANTIC URBAN RETAIL INC

• CROWN SRP LLC

  Excluded · INVESTMENTS · DE · 67.52% owned · share of income -$5,174 · share of assets $155

  Directly controlled by ATLANTIC URBAN RETAIL INC

• CURIOSITY GROUP OPPORTUNITY ONE LP

  Excluded · INVESTMENTS · DE · 50% owned · share of income $3 · share of assets $3,797,815

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• CVI CHVF LP

  Excluded · INVESTMENTS · DE · 100% owned · share of income $538,881 · share of assets $12,708,966

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• CVI CHVF LUX SECURITIES SARL

  Excluded · INVESTMENTS · 100% owned · share of income $23,687 · share of assets $866,012

  Directly controlled by CVI CHVF LUX MASTER SARL

• CVI CHVF MASTER FUND II LP

  Excluded · INVESTMENTS · DE · 100% owned

  Directly controlled by CVI CHVF LP

• DECHENG CAPITAL GLOBAL LIFE SCIENCES FUND V-A LP

  Excluded · INVESTMENTS · CJ · 97.1% owned · share of income $0 · share of assets $4,784,377

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• DOUGLASBAY CAPITAL III FUND (CO-INVESTMENT ACCOUNT NO 1) LP

  Excluded · INVESTMENTS · CJ · 80.22% owned · share of income $229,297 · share of assets $92,833,588

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• DOUGLASBAY CAPITAL IV FUND LP

  Excluded · INVESTMENTS · JE · 50.94% owned · share of income $1,229,250 · share of assets $72,826,720

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• ELLIPSIS PARTNERS LLC

  Excluded · INVESTMENTS · DE · 99.97% owned · share of income $53,166,258 · share of assets $320,251,859

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• EPIRIS FUND II CO-INVESTMENT (A) LP

  Excluded · INVESTMENTS · JE · 62.16% owned · share of income $0 · share of assets $14,439,849

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• EVOLUTION CREDIT OPPORTUNITY FUND II (PARALLEL A) LP

  Excluded · INVESTMENTS · DE · 90.32% owned · share of income $8,326,380 · share of assets $85,422,066

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• G GROWTH PARTNERS LP

  Excluded · INVESTMENTS · DE · 61.54% owned · share of income $0 · share of assets $3,233,257

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• GBE INVESTMENTS LP

  Excluded · INVESTMENTS · CJ · 98.9% owned · share of income -$441,030 · share of assets $6,020,402

  Directly controlled by BLUE MARBLE HOLDINGS CORP

• GERRITY ATLANTIC RETAIL PARTNERS LLC

  Excluded · INVESTMENTS · DE · 82.95% owned · share of income $0 · share of assets $0

  Directly controlled by ATLANTIC RETAIL WEST LLC (ATLANTIC US REAL ESTATE LLC)

• HAMPDEN INSURANCE PARTNERS I LP

  Excluded · INVESTMENTS · CJ · 100% owned · share of income $8,655,415 · share of assets $16,860,583

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• HARVARD GLOBAL SERVICES INDIA LLP

  Excluded · RESEARCH · IN · 99.99% owned

  Directly controlled by HARVARD GLOBAL RESEARCH AND SUPPORT SERVICES INC

• HB INSTITUTIONAL LIMITED PARTNERSHIP

  Excluded · INVESTMENTS · MA · 98.87% owned · share of income $27,747,465 · share of assets $234,346,273

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• HLS SPV LLC

  Excluded · INVESTMENTS · DE · 99.97% owned · share of income $2,505,062 · share of assets $6,547,959

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• HMC JUWEEL HOLDINGS LP

  Excluded · INVESTMENTS · CJ · 100% owned · share of income $0 · share of assets $14,713,478

  Directly controlled by HMC JUWEEL INVESTORS LP

• HORSLEY BRIDGE SPV II LP

  Excluded · INVESTMENTS · DE · 57.12% owned · share of income $416,351 · share of assets $38,318,616

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• IBEX VENTURE LIMITED

  Excluded · INVESTMENTS · 50% owned · share of income $24 · share of assets $4,994,180

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• INITIALIZED FG SPV LLC

  Excluded · INVESTMENTS · DE · 100% owned · share of income $0 · share of assets $21,555,416

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• INITIALIZED PA SPV LLC

  Excluded · INVESTMENTS · DE · 97.56% owned · share of income $0 · share of assets $20,062,522

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• INTERNET ECONOMY HOLDINGS III LLC

  Excluded · INVESTMENTS · DE · 99.23% owned · share of income $0 · share of assets $0

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• IRON POINT CO-INVESTMENT I LLC

  Excluded · INVESTMENTS · DE · 60.77% owned · share of income $0 · share of assets $0

  Directly controlled by ATLANTIC T5 HOLDINGS LLC (ATLANTIC US REAL ESTATE LLC)

• ISLAND C-III ATLANTIC HOLDINGS LLC

  Unrelated · INVESTMENTS · DE · 100% owned · share of income -$152,371 · share of assets $1,443,588

  Directly controlled by HARVARD PRIVATE CAPITAL REALTY INC

• JUS BG I - MASTER LP

  Excluded · INVESTMENTS · DE · 100% owned · share of income $3,308,390 · share of assets $603,991

  Directly controlled by JUS BG I - FEEDER LP

• KINDRED PAI LP

  Excluded · INVESTMENTS · DE · 93.39% owned · share of income $0 · share of assets $12,095,315

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• L-A SATURN ACQUISITION LP

  Excluded · INVESTMENTS · DE · 55.37% owned · share of income $0 · share of assets $0

  Directly controlled by ATLANTIC US REAL ESTATE LLC

• LEFT LANE CAPITAL PARTNERS CO-INVEST LP (SERIES G)

  Excluded · INVESTMENTS · DE · 100% owned · share of income $0 · share of assets $11,245,018

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• LEFT LANE CAPITAL PARTNERS CO-INVEST LP (SERIES T)

  Excluded · INVESTMENTS · DE · 99.78% owned · share of income $0

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• LMA RESEARCH COMPLEX PRIMARY CONDOMINIUM ASSOCIATION LLC

  Excluded · REAL ESTATE · MA · 64.2% owned · share of income $0 · share of assets $0

  Directly controlled by PRESIDENT AND FELLOWS OF HARVARD COLLEGE

• LUBERT-ADLERLARAMAR URBAN NEIGHBORHOOD CAPITAL FUND LP

  Unrelated · INVESTMENTS · DE · 50% owned · share of income -$1,765,523 · share of assets $21,497,042

  Directly controlled by HARVARD PRIVATE CAPITAL REALTY INC

• MAP INSTITUTIONAL LLC 800 SERIES

  Excluded · INVESTMENTS · DE · 100% owned · share of income $4,417,071 · share of assets $52,614,112

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• MAP INSTITUTIONAL LLC 803 SERIES

  Excluded · INVESTMENTS · DE · 100% owned · share of income -$3,021,459 · share of assets $68,391,726

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• MAP INSTITUTIONAL LLC 804 SERIES

  Excluded · INVESTMENTS · DE · 100% owned · share of income -$674,460 · share of assets $218,135,966

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• MCR HOSPITALITY FUND IV LP

  Excluded · INVESTMENTS · DE · 51.37% owned · share of income $752,091 · share of assets $73,360,313

  Directly controlled by HARVARD PRIVATE CAPITAL REALTY INC

• MCR OPPORTUNITY FUND I REIT HOLDINGS LLC

  Excluded · INVESTMENTS · DE · 62.52% owned

  Directly controlled by MCR OPPORTUNITY FUND I REIT LLC

• MCR OPPORTUNITY FUND I LP

  Excluded · INVESTMENTS · DE · 62.52% owned · share of income $23,408 · share of assets $77,564,336

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• MCROPP COINVEST LP

  Excluded · INVESTMENTS · DE · 100% owned · share of income $282,739 · share of assets $66,058,931

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• MCROPP NEW YORK LEX REIT HOLDINGS LLC

  Excluded · INVESTMENTS · DE · 62.52% owned

  Directly controlled by MCROPP NEW YORK LEX REIT LLC

• MOUNTAIN CAPITAL PARTNERS NPI LP

  Excluded · INVESTMENTS · DE · 73.73% owned · share of income -$29,073,045 · share of assets $179,296,869

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• NORTH PEAK SPECIAL OPPORTUNITY PARTNERS III LLC

  Excluded · INVESTMENTS · DE · 65.76% owned · share of income $435,168 · share of assets $24,278,314

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• OAK-MOSSER LLC

  Excluded · INVESTMENTS · DE · 78.49% owned · share of income -$106,904 · share of assets $882,995

  Directly controlled by ATLANTIC OAK LLC (ATLANTIC US REAL ESTATE LLC)

• OMNI BRIDGEWAY (FUND 4) HPCR LP

  Unrelated · INVESTMENTS · DE · 99.8% owned · share of income $5,746,688 · share of assets $61,521,116

  Directly controlled by HARVARD PRIVATE CAPITAL REALTY INC

• PACIFIC DC HOLDINGS LP

  Excluded · INVESTMENTS · MA · 100% owned · share of income $489,639 · share of assets $50,482,129

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• QTH FUND LLC

  Excluded · INVESTMENTS · DE · 100% owned · share of income $12,842,017 · share of assets $355,123,053

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• QUID CAPITAL FEEDER FUND A LLC

  Excluded · INVESTMENTS · DE · 51.21% owned · share of income $3,979,443 · share of assets $55,578,250

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• REALTERM EUROPE LOGISTICS FUND SCSP

  Excluded · INVESTMENTS · LU · 53% owned · share of income $742,734 · share of assets $106,478,190

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• RECOGNIZE PARTNERS CHEETAH LP

  Excluded · INVESTMENTS · 94.44% owned · share of income $0 · share of assets $28,797,436

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• RUBRIC LONG TERM OPPORTUNITIES ONSHORE FUND

  Excluded · INVESTMENTS · DE · 64.68% owned · share of income $3,759 · share of assets $12,694,632

  Directly controlled by HARVARD PRIVATE CAPITAL REALTY INC

• S GROWTH PARTNERS II LP

  Excluded · INVESTMENTS · DE · 100% owned · share of income $664,379 · share of assets $9,769,801

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• S GROWTH PARTNERS LP

  Excluded · INVESTMENTS · DE · 52.63% owned · share of income $831,856 · share of assets $4,685,367

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• STRATEGY CAPITAL INSTITUTIONAL INVESTORS LP

  Excluded · INVESTMENTS · DE · 60.25% owned · share of income $4,709,899 · share of assets $264,041,086

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• TDC ATLANTIC HOLDINGS LLC

  Excluded · INVESTMENTS · DE · 80.51% owned · share of income -$105,521 · share of assets $0

  Directly controlled by ATLANTIC SE OFFICE LLC (ATLANTIC US REAL ESTATE LLC)

• TIGF II DIRECT STRATEGIES LLC - SERIES 4

  Excluded · INVESTMENTS · DE · 55.56% owned · share of income $0 · share of assets $5,004,819

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• TR GROWTH PARTNERS LP

  Excluded · INVESTMENTS · DE · 100% owned · share of income $0 · share of assets $7,948,176

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• UNICORN ENTERPRISE SELECT FUND II LP

  Excluded · INVESTMENTS · CJ · 90.91% owned · share of income $22,944 · share of assets $12,057,742

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• UNICORN ENTERPRISE SELECT FUND LP

  Excluded · INVESTMENTS · CJ · 90.91% owned · share of income -$37,630 · share of assets $4,640,289

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• USRA ATLANTIC CAPITAL INVESTOR LLC

  Excluded · INVESTMENTS · DE · 70.54% owned · share of income -$241,158 · share of assets $3,343,455

  Directly controlled by ATLANTIC NET LEASE INVESTOR LLC (ATLANTIC US REAL ESTATE LLC)

• USRA ATLANTIC CAPITAL PARTNERS LLC

  Excluded · INVESTMENTS · DE · 84.4% owned · share of income -$391,425 · share of assets $5,548,290

  Directly controlled by ATLANTIC NET LEASE INVESTOR LLC (ATLANTIC US REAL ESTATE LLC)

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• 365 CHURCH STREET LIMITED PARTNERSHIP

  C Corporation · INVESTMENTS · CA · 50% owned · share of income $17,425 · share of assets $151,806 · controlled entity

  Directly controlled by ATLANTIC TORONTO HOLDINGS INC

• ADELAIDE-PETER DEVELOPMENTS

  C Corporation · INVESTMENTS · CA · 50% owned · share of income $0 · share of assets $137,434 · controlled entity

  Directly controlled by ATLANTIC TORONTO HOLDINGS INC

• ADMIRAL CAPITAL PARTNERS OFFSHORE FUND LTD

  C Corporation · INVESTMENTS · CJ · 100% owned · share of income $20,742,555 · share of assets $77,934,370 · controlled entity

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• ALTIMETER LONG OPPORTUNITIES OFFSHORE LP

  C Corporation · INVESTMENTS · CJ · 99.91% owned · controlled entity

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• AR LEGACY REIT INC

  C Corporation · INVESTMENTS · DE · 83.43% owned · share of income -$1,381,271 · share of assets $7,332,820 · controlled entity

  Directly controlled by ATLANTIC REGENT HOLDINGS LLC

• ARA INC

  C Corporation · INVESTMENTS · CJ · 100% owned · share of income $26,370,978 · share of assets $0 · controlled entity

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• ATLANTIC DV HOLDINGS LTD

  C Corporation · INVESTMENTS · CJ · 100% owned · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by ATLANTIC INTERNATIONAL REAL ESTATE LLC

• ATLANTIC GARNET FUNDING LTD

  C Corporation · INVESTMENTS · CJ · 100% owned · share of income $40,892,332 · share of assets $165,579,203 · controlled entity

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• ATLANTIC KING BLOCKER LIMITED

  C Corporation · INVESTMENTS · MP · 100% owned · share of income $0 · share of assets $26,352 · controlled entity

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• ATLANTIC REGENT REIT INC

  C Corporation · INVESTMENTS · DE · 83.43% owned · share of income -$526,586 · share of assets $2,603,809 · controlled entity

  Directly controlled by ATLANTIC REGENT HOLDINGS LLC

• ATLANTIC TORONTO 365 CHURCH STREET GENERAL PARTNER INC

  C Corporation · INVESTMENTS · CA · 99.99% owned · share of income $0 · share of assets $2 · controlled entity

  Directly controlled by ATLANTIC TORONTO HOLDINGS INC

• ATLANTIC TORONTO A-P GENERAL PARTNER INC

  C Corporation · INVESTMENTS · CA · 99.99% owned · share of income $0 · share of assets $1 · controlled entity

  Directly controlled by ATLANTIC TORONTO HOLDINGS INC

• ATLANTIC TORONTO GRENVILLE GENERAL PARTNER INC

  C Corporation · INVESTMENTS · CA · 99.99% owned · share of income $0 · share of assets $2 · controlled entity

  Directly controlled by ATLANTIC TORONTO HOLDINGS INC

• ATLANTIC TORONTO HOLDINGS INC

  C Corporation · INVESTMENTS · CA · 99.99% owned · share of income $0 · share of assets $484,582 · controlled entity

  Directly controlled by ATLANTIC TORONTO LP

• ATLANTIC URBAN RETAIL INC

  C Corporation · INVESTMENTS · DE · 84.4% owned · share of income $4,270,184 · share of assets $22,871,692 · controlled entity

  Directly controlled by ATLANTIC URBAN RETAIL HOLDINGS LLC (ATLANTIC US REAL ESTATE LLC)

• BAIN CAPITAL SPECIAL SITUATIONS EUROPE (A) LP

  C Corporation · INVESTMENTS · CJ · 95.78% owned · controlled entity

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• BAIN CAPITAL SPECIAL SITUATIONS EUROPE II (A) LP

  C Corporation · INVESTMENTS · CJ · 87.12% owned · share of assets $5,329,665 · controlled entity

  Directly controlled by HARVARD PRIVATE CAPITAL REALTY INC

• BAINBRIDGE CC URBANA APARTMENTS REIT INC

  C Corporation · INVESTMENTS · DE · 74.44% owned · share of income $1,872,766 · share of assets $1,299,570 · controlled entity

  Directly controlled by BAINBRIDGE CC URBANA APARTMENTS LLC

• BCC CAMBRIDGE (CAYMAN GP LOANS) LP

  C Corporation · INVESTMENTS · CJ · 100% owned · share of income $220,153 · share of assets $1,507,005 · controlled entity

  Directly controlled by LUXCO LENDING FUND II SARL

• BCC CAMBRIDGE (CAYMAN GP REVOLVERS) LP

  C Corporation · INVESTMENTS · CJ · 100% owned · share of income $69,484 · share of assets $143,583 · controlled entity

  Directly controlled by LUXCO LENDING FUND II SARL

• BLACK KITE PTY LTD

  C Corporation · INVESTMENTS · AS · 100% owned · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by BLUE MARBLE HOLDINGS CORP

• BLACK KITE TRUST

  C Corporation · INVESTMENTS · AS · 100% owned · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by SWT LP

• BLC FUND B LP

  C Corporation · INVESTMENTS · CJ · 71.26% owned · share of income -$20,138,930 · share of assets $177,233,325 · controlled entity

  Directly controlled by ITAY LLC

• BLC II FUND B LP

  C Corporation · INVESTMENTS · CJ · 52.85% owned · controlled entity

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• BLUE ATLANTIC INVESTORS II INC

  C Corporation · INVESTMENTS · DE · 82.71% owned · share of income -$2,302,321 · share of assets $47,459,130 · controlled entity

  Directly controlled by BLUE ATLANTIC ACQUISITION GROUP II LLC

• BLUE ATLANTIC SHUTTLE II LLC

  C Corporation · INVESTMENTS · DE · 82.71% owned · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by BLUE ATLANTIC INVESTORS II INC

• BOULDER HILL TOTAL RETURN OFFSHORE INVESTORS LTD

  C Corporation · INVESTMENTS · 100% owned · share of income $15,431,609 · share of assets $0 · controlled entity

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• BRODIAEA INC

  C Corporation · INVESTMENTS · DE · 100% owned · share of income $0 · share of assets $58,205,355 · controlled entity

  Directly controlled by BELLUM LLC

• CALEDONIA CONCENTRATED FUND LP

  C Corporation · INVESTMENTS · 100% owned · share of income $64,925,432 · share of assets $136,927,975 · controlled entity

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• CC VII HOLDINGS LLC

  C Corporation · INVESTMENTS · MP · 52.66% owned · controlled entity

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• CENTRO HARVARD DAVID ROCKEFELLER PARA ESTUDIOS LATINOAMERICANOS AC

  C Corporation · FACULTY AND STUDENT ACTIVITIES · MX · 100% owned · controlled entity

  Directly controlled by PRESIDENT AND FELLOWS OF HARVARD COLLEGE

• CHARITABLE LEAD TRUSTS (37)

  Trust · CHARITABLE TRUST · MA · 0% owned · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by PRESIDENT AND FELLOWS OF HARVARD COLLEGE

• CHARITABLE REMAINDER TRUSTS (717)

  Trust · CHARITABLE TRUST · MA · 0% owned · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by PRESIDENT AND FELLOWS OF HARVARD COLLEGE

• CLIFTON HERITAGE I SG HOLDINGSD PTE LTD

  C Corporation · INVESTMENTS · SN · 52.11% owned · share of income $2,365,924 · share of assets $20,146,726 · controlled entity

  Directly controlled by HARVARD PRIVATE CAPITAL REALTY INC

• CLIFTON HERITAGE PARTNERS 1 LP

  C Corporation · INVESTMENTS · SN · 52.11% owned · share of income $1,597,506 · share of assets $20,176,455 · controlled entity

  Directly controlled by HARVARD PRIVATE CAPITAL REALTY INC

• COPAYAPU SPA

  C Corporation · INVESTMENTS · CI · 100% owned · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by PALPANA LLC

• CSH PROGRAM REIT II INC

  C Corporation · INVESTMENTS · DE · 83.98% owned · share of income -$15,057 · share of assets $259 · controlled entity

  Directly controlled by CSH SENIOR HOUSING II LLC

• CSH PROGRAM REIT III INC

  C Corporation · INVESTMENTS · DE · 83.98% owned · share of income -$2,719,264 · share of assets $20,689,927 · controlled entity

  Directly controlled by CSH SENIOR HOUSING III LLC

• CSH PROGRAM REIT IV INC

  C Corporation · INVESTMENTS · DE · 83.98% owned · share of income $55,859 · share of assets $65,488,616 · controlled entity

  Directly controlled by CORAL SENIOR HOUSING IV LLC

• CSH TRS HOLDING IV LLC

  C Corporation · INVESTMENTS · DE · 83.98% owned · share of income -$2,041,998 · share of assets $592,404 · controlled entity

  Directly controlled by CSH PROGRAM REIT III INC

• CSH TRS HOLDING V LLC

  C Corporation · INVESTMENTS · DE · 83.98% owned · share of income -$2,392,006 · share of assets $8,262,582 · controlled entity

  Directly controlled by CSH PROGRAM REIT IV INC

• CVI CHVF LUX FINANCE SARL

  C Corporation · INVESTMENTS · LU · 100% owned · share of income -$132 · share of assets $8,567 · controlled entity

  Directly controlled by CVI CHVF LUX MASTER SARL

• CVI CHVF LUX MASTER SARL

  C Corporation · INVESTMENTS · LU · 100% owned · share of income $274,586 · share of assets $2,790,795 · controlled entity

  Directly controlled by CVI CHVF LUX SUB HOLDINGS SARL

• DAIRY FARMS PARTNERSHIP

  C Corporation · INVESTMENTS · NZ · 100% owned · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by DF1 LTD

• EASTERN ROSELLA TRUST

  C Corporation · INVESTMENTS · AS · 100% owned · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by GREEN ROSELLA TRUST

• ECO CEBACO SA

  C Corporation · INVESTMENTS · PM · 100% owned · share of income $673,637 · share of assets $28,622,610 · controlled entity

  Directly controlled by NICATECA INC

• EL MARIA SA

  C Corporation · INVESTMENTS · NU · 100% owned · share of income -$1,752 · share of assets $505,281 · controlled entity

  Directly controlled by NICARAO LTD

• EMERALD CATASTROPHE FUND LTD

  C Corporation · INVESTMENTS · BD · 100% owned · share of income $769,959 · share of assets $4,995,369 · controlled entity

  Directly controlled by HARVARD PRIVATE CAPITAL REALTY INC

• EVOLUTION CREDIT PARTNERS I SLP LLC

  C Corporation · INVESTMENTS · CJ · 100% owned · share of income -$281,308 · share of assets $310,602 · controlled entity

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• FLAMENCO SPA

  C Corporation · INVESTMENTS · CI · 100% owned · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by COPAYAPU SPA

• FLORESTAS DO SUL AGROFLORESTAL LTDA

  C Corporation · INVESTMENTS · BR · 100% owned · share of income -$1,211,189 · share of assets $3,220,893 · controlled entity

  Directly controlled by CATTLEYA LLC

• FRIENDS OF HARVARD HONG KONG TRUST

  Trust · TRUST FOR CONTRIBUTIONS · HK · 100% owned · share of income $15,946,470 · controlled entity

  Directly controlled by HARVARD GLOBAL RESEARCH AND SUPPORT SERVICES INC

• FRIENDS OF HARVARD UNIVERSITY

  Trust · TRUST FOR CONTRIBUTIONS · UK · 100% owned · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by HARVARD GLOBAL RESEARCH AND SUPPORT SERVICES INC

• GATEWAY REAL ESTATE FUND III - TE LP

  C Corporation · INVESTMENTS · CJ · 64.93% owned · share of income -$773,546 · share of assets $2,067,222 · controlled entity

  Directly controlled by HARVARD PRIVATE CAPITAL REALTY INC

• GAVEA INVESTMENT FUND II B LP

  C Corporation · INVESTMENTS · CA · 100% owned · share of income $171,000 · share of assets $1,231,000 · controlled entity

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• GBE INVESTMENTS LIMITED

  C Corporation · INVESTMENTS · CJ · 98.9% owned · share of income -$63,048 · share of assets $60,315 · controlled entity

  Directly controlled by GBE INVESTMENTS LP

• GERRITY ATLANTIC RETAIL PARTNERS INC

  C Corporation · INVESTMENTS · DE · 82.95% owned · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by GERRITY ATLANTIC RETAIL PARTNERS LLC

• GERRITY RETAIL FUND 2 INC

  C Corporation · INVESTMENTS · DE · 82.95% owned · share of income -$2,890,101 · share of assets $355,721,282 · controlled entity

  Directly controlled by GERRITY ATLANTIC RETAIL PARTNERS LLC

• GREEN ROSELLA TRUST

  C Corporation · INVESTMENTS · AS · 100% owned · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by ROSELLA LTD

• GUANARE AARL

  C Corporation · INVESTMENTS · UY · 100% owned · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by PHEMUS CORPORATION

• GUANARE SA

  C Corporation · INVESTMENTS · UY · 100% owned · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by PHEMUS CORPORATION

• HARBOUR OFFSHORE FUND IV LP

  C Corporation · INVESTMENTS · CJ · 56.7% owned · controlled entity

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• HARBOUR OFFSHORE FUND V LP

  C Corporation · INVESTMENTS · CJ · 62.1% owned · controlled entity

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• HARSPRING CAPITAL OFFSHORE LTD

  C Corporation · INVESTMENTS · CJ · 100% owned · share of income $18,508,230 · share of assets $43,402,822 · controlled entity

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• HARVARD BUSINESS SCHOOL PUBLISHING ASIA PACIFIC LTD

  C Corporation · SALES SUPPORT · SN · 100% owned · share of income $2,823,686 · share of assets $1,344,937 · controlled entity

  Directly controlled by HARVARD BUSINESS SCHOOL PUBLISHING CORP

• HARVARD BUSINESS SCHOOL PUBLISHING AUSTRALIA PTY LTD

  C Corporation · SALES SUPPORT · AS · 100% owned · share of income $929,253 · share of assets $628,277 · controlled entity

  Directly controlled by HARVARD BUSINESS SCHOOL PUBLISHING CORP

• HARVARD BUSINESS SCHOOL PUBLISHING DE MEXICO SA DE CV

  C Corporation · SALES SUPPORT · MX · 99.99% owned · share of income $1,944,152 · share of assets $765,782 · controlled entity

  Directly controlled by HARVARD BUSINESS SCHOOL PUBLISHING CORP

• HARVARD BUSINESS SCHOOL PUBLISHING EUROPE LTD

  C Corporation · SALES SUPPORT · UK · 100% owned · share of income $8,305,651 · share of assets $4,889,141 · controlled entity

  Directly controlled by HARVARD BUSINESS SCHOOL PUBLISHING CORP

• HARVARD BUSINESS SCHOOL PUBLISHING FRANCE SAS

  C Corporation · SALES SUPPORT · FR · 100% owned · share of income $1,727,587 · share of assets $1,342,300 · controlled entity

  Directly controlled by HARVARD BUSINESS SCHOOL PUBLISHING CORP

• HARVARD BUSINESS SCHOOL PUBLISHING INDIA PRIVATE LTD

  C Corporation · PUBLISHING SUPPORT · IN · 99.99% owned · share of income $5,739,086 · share of assets $4,356,903 · controlled entity

  Directly controlled by HARVARD BUSINESS SCHOOL PUBLISHING CORP

• HARVARD CENTER SHANGHAI CO LTD

  C Corporation · RESEARCH SUPPORT/LOGISTICAL SUPPORT FOR EVENTS · CH · 100% owned · share of income $286,416 · share of assets $7,202,402 · controlled entity

  Directly controlled by HARVARD INTERNATIONAL LLC

• HARVARD GLOBAL RESEARCH SUPPORT CENTRE IRELAND DAC

  C Corporation · GDPR REPRESENTATION · EI · 100% owned · controlled entity

  Directly controlled by HARVARD GLOBAL RESEARCH AND SUPPORT SERVICES INC

• HARVARD UNIVERSITY PRESS LTD

  C Corporation · BOOK DISTRIBUTION · UK · 69.86% owned · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by PRESIDENT AND FELLOWS OF HARVARD COLLEGE

• HB CAYMAN LIMITED

  C Corporation · INVESTMENTS · CJ · 97.75% owned · controlled entity

  Directly controlled by HB INSTITUTIONAL LP

• HH HR INVESTMENT LP

  C Corporation · INVESTMENTS · CJ · 100% owned · share of income $347 · share of assets $25,883,924 · controlled entity

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• HIP BERMUDA REINSURANCE I LIMITED

  C Corporation · INVESTMENTS · BD · 93% owned · controlled entity

  Directly controlled by HAMPDEN INSURANCE PARTNERS I LP

• HITE HEDGE OFFSHORE LTD

  C Corporation · INVESTMENTS · CJ · 53.4% owned · controlled entity

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• HMC BEEFEATER INC

  C Corporation · INVESTMENTS · DE · 100% owned · share of income $2,001,629 · share of assets $0 · controlled entity

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• HMC JUWEEL INVESTORS LP

  C Corporation · INVESTMENTS · CJ · 100% owned · share of income $0 · share of assets $22,343,030 · controlled entity

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• HUNTER PATTON LTD

  C Corporation · INVESTMENTS · CJ · 100% owned · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by PRESIDENT & FELLOWS OF HARVARD COLLEGE

• INVERSIONES CATIVAL SA

  C Corporation · INVESTMENTS · NU · 100% owned · share of income -$1,397 · share of assets $197,786 · controlled entity

  Directly controlled by NICARAO LTD

• INVERSIONES SANTA RITA SA

  C Corporation · INVESTMENTS · NU · 100% owned · share of income -$6,867 · share of assets $1,638,423 · controlled entity

  Directly controlled by NICARAO LTD

• INVERSIONES TRES CUMBRES LTDA

  C Corporation · INVESTMENTS · CI · 100% owned · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by PHEMUS CORPORATION

• JADE RETAIL INC

  C Corporation · INVESTMENTS · CJ · 84.4% owned · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by PEARL RETAIL LLC (ATLANTIC US REAL ESTATE LLC)

• JUS BG I - FEEDER LP

  C Corporation · INVESTMENTS · CJ · 100% owned · share of income -$326,309 · share of assets $571,522 · controlled entity

  Directly controlled by ITAY LLC

• KEPOS CARBON ALLOWANCE FUND LTD

  C Corporation · INVESTMENTS · CJ · 52.79% owned · controlled entity

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• LA JACARANDA SA

  C Corporation · INVESTMENTS · NU · 100% owned · share of income -$1,581 · share of assets $58,504 · controlled entity

  Directly controlled by NICARAO LTD

• LA MORA SA

  C Corporation · INVESTMENTS · NU · 100% owned · share of income -$6,330 · share of assets $579,500 · controlled entity

  Directly controlled by NICARAO LTD

• LA ZARZA SA

  C Corporation · INVESTMENTS · NU · 100% owned · share of income -$74,455 · share of assets $2,964,646 · controlled entity

  Directly controlled by NICARAO LTD

• LAS ACACIAS SA

  C Corporation · INVESTMENTS · NU · 100% owned · share of income -$2,289 · share of assets $44,055 · controlled entity

  Directly controlled by NICARAO LTD

• LCM GLOBAL ALTERNATIVE RETURNS FEEDER FUND II LP

  C Corporation · INVESTMENTS · JE · 50.52% owned · share of income $0 · controlled entity

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• LCM GLOBAL ALTERNATIVE RETURNS FEEDER FUND LP

  C Corporation · INVESTMENTS · 68.7% owned · controlled entity

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• LIFETIME CENTRECOURT GRENVILLE LIMITED PARTNERSHIP

  C Corporation · INVESTMENTS · CA · 50% owned · share of income $0 · share of assets $195,340 · controlled entity

  Directly controlled by ATLANTIC TORONTO HOLDINGS INC

• LOS ARRAYANES SA

  C Corporation · INVESTMENTS · NU · 100% owned · share of income -$1,796 · share of assets $929 · controlled entity

  Directly controlled by NICARAO LTD

• LOS LAURELES SA

  C Corporation · INVESTMENTS · NU · 100% owned · share of income -$1,292 · share of assets $337,105 · controlled entity

  Directly controlled by NICARAO LTD

• LUXCO LENDING FUND II SARL

  C Corporation · INVESTMENTS · LU · 100% owned · share of income $62,854,159 · share of assets $57,899,506 · controlled entity

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• MAN FUNDS IX SPC - MAN INSITITUTIONAL PORTFOLIO AQUILA SP

  C Corporation · INVESTMENTS · CJ · 100% owned · share of income -$10,354,668 · share of assets $201,232,066 · controlled entity

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• MAP 850 SP

  C Corporation · INVESTMENTS · CJ · 100% owned · share of income $20,480,821 · share of assets $298,282,524 · controlled entity

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• MAP INSTITUTIONAL SPC - MAP 851 SP (BERYL CAPITAL)

  C Corporation · INVESTMENTS · CJ · 100% owned · share of income -$133,497 · share of assets $54,406,504 · controlled entity

  Directly controlled by HARVARD PRIVATE CAPITAL REALTY INC

• MAP INSTITUTIONAL SPC - MAP 852 SP (SPRUCE STREET SMA)

  C Corporation · INVESTMENTS · CJ · 100% owned · share of income $5,772,711 · share of assets $35,775,675 · controlled entity

  Directly controlled by HARVARD PRIVATE CAPITAL REALTY INC

• MAP INSTITUTIONAL SPC - MAP 853 SP (LIGHT STREET PHOTON SMA)

  C Corporation · INVESTMENTS · CJ · 100% owned · share of income $1,513,614 · share of assets $57,864,787 · controlled entity

  Directly controlled by HARVARD PRIVATE CAPITAL REALTY INC

• MAP INSTITUTIONAL SPC - MAP 854 SP (SOURCEROCK OFFSHORE SMA)

  C Corporation · INVESTMENTS · CJ · 100% owned · share of income -$4,803,490 · share of assets $225,379,624 · controlled entity

  Directly controlled by HARVARD PRIVATE CAPITAL REALTY INC

• MCR OPPORTUNITY FUND I REIT LLC

  C Corporation · INVESTMENTS · DE · 62.52% owned · controlled entity

  Directly controlled by MCR OPPORTUNITY FUND I LP

• MCR OPPORTUNITY FUND I TRS LLC

  C Corporation · INVESTMENTS · DE · 62.52% owned · controlled entity

  Directly controlled by MCR OPPORTUNITY FUND I REIT HOLDINGS LLC

• MCROPP COINVEST REIT I LLC

  C Corporation · INVESTMENTS · DE · 100% owned · share of income $1,522,893 · share of assets $4,083,634 · controlled entity

  Directly controlled by MCROPP COINVEST LP

• MCROPP COINVEST REIT I TRS LLC

  C Corporation · INVESTMENTS · DE · 100% owned · share of income $704 · share of assets $549,039 · controlled entity

  Directly controlled by MCROPP COINVEST LP

• MCROPP NEW YORK LEX COINVEST REIT LLC

  C Corporation · INVESTMENTS · DE · 100% owned · share of income $2,972,045 · share of assets $5,012,304 · controlled entity

  Directly controlled by MCROPP COINVEST LP

• MCROPP NEW YORK LEX REIT LLC

  C Corporation · INVESTMENTS · DE · 62.52% owned · controlled entity

  Directly controlled by MCR OPPORTUNITY FUND I LP

• MIRABILIS SA

  C Corporation · INVESTMENTS · PE · 99.99% owned · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by PARFEN SA

• NICARAO I LTD

  C Corporation · INVESTMENTS · CJ · 100% owned · share of income $0 · share of assets $624,123 · controlled entity

  Directly controlled by NICARAO LTD

• NICARAO II LTD

  C Corporation · INVESTMENTS · CJ · 100% owned · share of income $0 · share of assets $624,123 · controlled entity

  Directly controlled by NICARAO LTD

• NICARAO LTD

  C Corporation · INVESTMENTS · CJ · 100% owned · share of income $0 · share of assets $30,307,924 · controlled entity

  Directly controlled by NICATECA INC

• NICATECA INC

  C Corporation · INVESTMENTS · CJ · 100% owned · share of income -$201,875 · share of assets $8,779,209 · controlled entity

  Directly controlled by PHEMUS CORPORATION

• NICATECA SA

  C Corporation · INVESTMENTS · NU · 100% owned · share of income -$12,484 · share of assets $1,734,453 · controlled entity

  Directly controlled by NICARAO LTD

• NOMINA (NO 1253) LIMITED

  C Corporation · INVESTMENTS · UK · 93% owned · controlled entity

  Directly controlled by HAMPDEN INSURANCE PARTNERS I LP

• NORTHERN ROSELLA TRUST

  C Corporation · INVESTMENTS · AS · 100% owned · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by GREEN ROSELLA TRUST

• NUTEAK SA (FKA OPERA SA)

  C Corporation · INVESTMENTS · NU · 100% owned · share of income $229,705 · share of assets $24,005,857 · controlled entity

  Directly controlled by NICARAO LTD

• OPTII SOLUTIONS INC

  C Corporation · INVESTMENTS · DE · 62.52% owned · controlled entity

  Directly controlled by MCR OPPORTUNITY FUND I LP

• PARFEN SRL

  C Corporation · INVESTMENTS · UY · 100% owned · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by AZARA LLC

• PEARL RETAIL INC

  C Corporation · INVESTMENTS · CJ · 84.4% owned · share of income $0 · share of assets $345,565,182 · controlled entity

  Directly controlled by PEARL RETAIL LLC (ATLANTIC US REAL ESTATE LLC)

• PINARES AARL

  C Corporation · INVESTMENTS · UY · 100% owned · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by PHEMUS CORPORATION

• POOLED INCOME FUNDS (3)

  Trust · CHARITABLE TRUST · MA · 100% owned · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by PRESIDENT AND FELLOWS OF HARVARD COLLEGE

• POTRERO INSTITUTIONAL FUND LTD

  C Corporation · INVESTMENTS · CJ · 100% owned · share of income $6,632,255 · share of assets $154,697,257 · controlled entity

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• PULAR SPA

  C Corporation · INVESTMENTS · CI · 100% owned · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by COPAYAPU SPA

• RC IV CAYMAN ICW BLOCKER LLC

  C Corporation · INVESTMENTS · 59.74% owned · share of income $0 · controlled entity

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• RELF INVESTMENTS COOPERATIEF UA

  C Corporation · INVESTMENTS · NL · 53% owned · controlled entity

  Directly controlled by REALTERM EUROPE LOGISTICS FUND SCSP

• RETIREMENT PLAN TRUST FOR EMPLOYEES OF HARVARD UNIVERSITY

  Trust · INVESTMENTS · MA · 100% owned · share of income $0 · share of assets $763,355,787 · controlled entity

  Directly controlled by NA

• ROSELLA HOLD TC PTY LTD

  C Corporation · INVESTMENTS · AS · 100% owned · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by ROSELLA LTD

• ROSELLA LTD

  C Corporation · INVESTMENTS · CJ · 100% owned · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by BLUE MARBLE HOLDINGS CORP

• ROSELLA SUB TC PTY LTD

  C Corporation · INVESTMENTS · AS · 100% owned · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by ROSELLA HOLD TC PTY LTD

• SOROBAN OPPORTUNITIES CAYMAN FUND III LTD

  C Corporation · INVESTMENTS · 80.6% owned · controlled entity

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• STAR ASIA JAPAN SPECIAL SITUATIONS IV BLOCKER LP

  C Corporation · INVESTMENTS · 100% owned · share of income $0 · share of assets $4,822,141 · controlled entity

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• STAR ASIA JAPAN SPECIAL SITUATIONS V BLOCKER LP

  C Corporation · INVESTMENTS · CJ · 86.27% owned · share of income $0 · controlled entity

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• STAR ASIA JAPAN SPECIAL SITUATIONS VI BLOCKER LP

  C Corporation · INVESTMENTS · CJ · 77.78% owned · controlled entity

  Directly controlled by HARVARD PRIVATE CAPITAL REALTY INC

• SUSTAINABLE TEAK PARTCIPACOES LTDA

  C Corporation · INVESTMENTS · BR · 100% owned · share of income -$10,695,629 · share of assets $112,548,803 · controlled entity

  Directly controlled by BRAZIL TEAK LLC

• SYSTEMATICA MULTI FUND II LIMITED

  C Corporation · INVESTMENTS · CJ · 100% owned · share of income $7,958,213 · share of assets $573,476,716 · controlled entity

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• TACORA SPA

  C Corporation · INVESTMENTS · CI · 100% owned · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by COPAYAPU SPA

• TAGUA SPA

  C Corporation · INVESTMENTS · CI · 100% owned · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by COPAYAPU SPA

• TDCA REIT INC

  C Corporation · INVESTMENTS · DE · 80.51% owned · share of income -$74,216 · share of assets $0 · controlled entity

  Directly controlled by TDC ATLANTIC HOLDINGS LLC

• TERENA SA

  C Corporation · INVESTMENTS · UY · 100% owned · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by PHEMUS CORPORATION

• TERRACAL ALIMENTOS E BIOENERGIA - UNIDADE PIAUI LTDA

  C Corporation · INVESTMENTS · BR · 98.9% owned · share of income $0 · share of assets $927 · controlled entity

  Directly controlled by TERRACAL ALIMENTOS E BIOENERGIA LTDA

• TERRACAL ALIMENTOS E BIOENERGIA LTDA

  C Corporation · INVESTMENTS · BR · 98.9% owned · share of income -$63,047 · share of assets $73,532 · controlled entity

  Directly controlled by GBE INVESTMENTS LIMITED

• TOPWATER PARTNERS OFFSHORE LTD

  C Corporation · INVESTMENTS · 67.5% owned · controlled entity

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• TUNUYAN SA

  C Corporation · INVESTMENTS · NU · 100% owned · share of income -$111,187 · share of assets $4,228,276 · controlled entity

  Directly controlled by NICARAO LTD

• TWO SIGMA MERCURY CAYMAN FUND LTD

  C Corporation · INVESTMENTS · CJ · 73.94% owned · controlled entity

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• UNITECA AGROFLORESTAL SA

  C Corporation · INVESTMENTS · BR · 90.56% owned · share of income -$773,130 · share of assets $17,187,950 · controlled entity

  Directly controlled by SUSTAINABLE TEAK PARTCIPACOES LTDA

• USRA ATLANTIC NET LEASE CAPITAL CORP

  C Corporation · INVESTMENTS · DE · 84.4% owned · share of income -$7,596,730 · share of assets $112,226,147 · controlled entity

  Directly controlled by USRA ATLANTIC CAPITAL PARTNERS LLC

• WATERFRONT CP ENHANCED OFFSHORE FUND LTD

  C Corporation · INVESTMENTS · CJ · 69% owned · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by HARVARD MANAGEMENT PRIVATE EQUITY CORPORATION

• WESTERN ROSELLA TRUST

  C Corporation · INVESTMENTS · AS · 100% owned · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by GREEN ROSELLA TRUST