Harvard seeks to offload stake in Bain, others-WSJ

NEW YORK, Nov 4 (Reuters) - Harvard University is planning to sell about $1.5 billion of its investments with private equity firms such as Bain Capital LLC, The Wall Street Journal reported on Tuesday, citing people familiar with the situation.

Bids are due this week, according to the Journal.

The university's $36.9 billion endowment fund, Harvard Management Co, is run by Jane Mendillo and is the largest of any university in the United States. The school reported in September that the endowment grew by 8.6 percent during the last fiscal year.

Harvard University and Bain Capital were not immediately available for comment.

If Harvard's portfolio trades, the sale would be among the largest ever of a private equity stake, the Journal wrote. (Reporting by Phil Wahba; Editing by Lisa Von Ahn)