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2025-06-07 Israel-Palestine-Jordan
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Chicago private equity firm has stake in logistics company involved in Gaza aid effort
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I don’t know if this matters, but it seem the kind of thing you lot would like to know: [IsraelTimes] A Chicago-based private equity firm — controlled by a member of the family that founded American publishing company Rand McNally — has an “economic interest” in the logistics company involved in a controversial new aid distribution operation in Gaza.
McNally Capital, founded in 2008 by Ward McNally, helped “support the establishment” of Safe Reach Solutions, a McNally Capital spokesperson tells Reuters. SRS is a for-profit company established in Wyoming in November, state incorporation records show.
It is in the spotlight for its involvement with the US- and Israeli-backed Gaza Humanitarian Foundation, which last week started distributing aid in the war-torn Palestinian enclave. The foundation paused work on Wednesday after a series of deadly shootings near the distribution sites of people on their way to pick up aid. It has suffered from the departure of senior personnel.
“McNally Capital has provided administrative advice to SRS and worked in collaboration with multiple parties to enable SRS to carry out its mission,” the spokesperson says. “While McNally Capital has an economic interest in SRS, the firm does not actively manage SRS or have a day-to-day operating role.”
SRS is run by a former CIA official named Phil Reilly, but its ownership has not previously been disclosed. Reuters has not been able to establish who funds the newly created foundation.
The spokesperson doesn’t provide details of the scale of the investment in SRS by McNally Capital, which says it has $380 million under management.
McNally Capital founder Ward McNally is the great great great grandson of the co-founder of Rand McNally. The McNally family sold the publishing company in 1997.
A spokesperson for SRS confirms it works with the foundation, also known as GHF, but doesn’t answer specific questions about ownership.
GHF, which resumed aid distribution on Thursday, doesn’t respond to a request for comment.
SRS subcontracts with US private security firm UG Solutions, which provides armed US military veterans to guard the distribution sites and transportation of the aid, two sources familiar with the operations say. UG Solutions doesn’t respond to a request for comment.
The SRS spokesperson says in a statement that under Reilly’s leadership, “SRS brings together a multidisciplinary team of experts in security, supply chain management, and humanitarian affairs.”
McNally Capital has investments in defense contracting companies. Among the firms it acquired was Orbis Operations, a firm that specializes in hiring former CIA officers. Orbis doesn’t return calls for comment. Reilly used to work for Orbis.
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Posted by trailing wife 2025-06-07 00:00||
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