Subject: Re: CHAI fund and advisory board
From: Amitabh Desai <[email-masked]>
To: "[email-masked]" <[email-masked]>, Doug Band - PC <[email-masked]>
Cc: Bruce Lindsey <[email-masked]>, Laura Graham <[email-masked]>, Justin Cooper - PC <[email-masked]>, Dennis Cheng <[email-masked]>
Date: Mon, 30 Apr 2012 14:38:26 -0400

It's a bit vague in the documents Ira provided. I can't tell if he would make equity/debt investments or just grants, but I got the sense during the Board meeting that he would like the flexibility to make both. 

----- Original Message -----
From: John Podesta <[email-masked]>
To: Doug Band - PC
Cc: Amitabh Desai; Bruce Lindsey; Laura Graham; Justin Cooper - PC; Dennis Cheng
Sent: Mon Apr 30 14:35:45 2012
Subject: Re: CHAI fund and advisory board

I'm a little confused--an investment fund or an innovation fund?
Probably both are bad, but they seem different in the pitch and
liklihood that people would give $.

On Fri, Apr 27, 2012 at 9:21 PM, Doug Band <[email-masked]> wrote:
> Great stuff
>
> It would be hard to imagine a worse idea than ira magaziner running an
> investment fund of any kind not to mention one under this scenario
>
> Good luck with this
>
> From: Amitabh Desai [mailto:[email-masked]]
> Sent: Friday, April 27, 2012 08:03 PM
> To: Bruce Lindsey <[email-masked]>; Laura Graham
> <[email-masked]>; Doug Band; Justin Cooper; Dennis Cheng
> <[email-masked]>; [email-masked]
> <[email-masked]>
> Subject: CHAI fund and advisory board
>
>
> You probably already are aware but just to be sure: yesterday in the CHAI
> board meeting, Ira discussed the formation of an advisory board for CHAI –
> he said he is targeting 10 people to each give $500k per year for 3 years.
> He mentioned the names below. He also said he is looking to do a series of
> dinners on the west coast, east coast, and overseas to raise money for a
> CHAI Innovation Fund that would “invest” in projects / businesses that CHAI
> deems worthy. He said the first dinner is on west coast with 30 people and
> hosted by Christian Anthony who he said he found via the Brown University
> alumni network. Given the enormous range of things that Ira is proposing the
> Fund be empowered to invest in, it occurred to me that IF the organization
> is comfortable with the creation of such a Fund bearing WJC’s name (via
> CHAI), then why not have CF do it, so that CF can decide whether to invest
> in CHAI projects or also in other things like a farm in Africa, etc – and
> also to give WJC better control of it? The proposed CHAI Innovation Fund
> seems poised to go well beyond what we would consider to be the core
> traditional work of CHAI on HIV/AIDS, malaria, etc (at least based on the
> investment examples in the documents Ira provided) and I therefore just
> wondered why we’d cede this to CHAI to do/control. It’s probably safe to
> assume that any Fund that bears WJC’s name will attract “investors” or
> donors or whatever we call them. Maybe I am over-thinking this, but just
> wanted to brainstorm aloud and I’m happy to drop this if it’s not worth
> discussing further. Thanks, Ami
>
>
>
> NAMES IRA MENTIONED FOR CHAI ADVISORY BOARD (I probably am misspelling
> these):
>
> -          Craig Colgate at Pegasus Capital (Ira found via Brown U)
>
> -          Bob Selander (former CEO of Mastercard)
>
> -          Tood Fisher, Chief Admin Officer at KKR (also via Brown U)
>
> -          Bill Shuster at Evercore
>
> -          Bob Mancini, CEO of Cogentics (formerly at Goldman)
>
> -          Jeff Kushner from Blue Mountain Capital in the UK