Subject: Re: CHAI fund and advisory board
From: Bruce Lindsey <[email-masked]>
To: John Podesta <[email-masked]>, Doug Band - PC <[email-masked]>
Cc: Amitabh Desai <[email-masked]>, Laura Graham <[email-masked]>, Justin Cooper - PC <[email-masked]>, Dennis Cheng <[email-masked]>
Date: Mon, 30 Apr 2012 14:39:16 -0400

Innovation Fund -- might decide to take an equity or debt position in a
company, but also might be used to fund a "innovative" program.

On 4/30/12 1:35 PM, "John Podesta" <[email-masked]> wrote:

>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 ³invest² 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 WJC¹s 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 we¹d cede this to CHAI to do/control. It¹s probably safe to
>> assume that any Fund that bears WJC¹s name will attract ³investors² or
>> donors or whatever we call them. Maybe I am over-thinking this, but just
>> wanted to brainstorm aloud and I¹m happy to drop this if it¹s 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