Re: CHAI fund and advisory board

From:adesai@clintonfoundation.org To: john.podesta@gmail.com, doug@presidentclinton.com CC: blindsey@clintonfoundation.org, lgraham@clintonfoundation.org, justin@presidentclinton.com, dcheng@clintonfoundation.org Date: 2012-04-30 16:38 Subject: Re: CHAI fund and advisory board

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. ----- 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 <doug@presidentclinton.com> 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:adesai@clintonfoundation.org] > Sent: Friday, April 27, 2012 08:03 PM > To: Bruce Lindsey <blindsey@clintonfoundation.org>; Laura Graham > <lgraham@clintonfoundation.org>; Doug Band; Justin Cooper; Dennis Cheng > <dcheng@clintonfoundation.org>; john.podesta@gmail.com > <john.podesta@gmail.com> > 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