Gaza aid logistics company funded by Chicago private equity firm 

Palestinian boys carry pots as the queue at a hot meal distribution point in Nuseirat in the central Gaza Strip, June 4, 2025. (AFP)
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Updated 06 June 2025
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Gaza aid logistics company funded by Chicago private equity firm 

  • Israel blocked almost all aid into Gaza for 11 weeks until May 19, and has since only allowed limited deliveries in, mostly managed by the new GHF operation
  • SRS is run by a former CIA official named Phil Reilly, but its ownership has not previously been disclosed

WASHINGTON: 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 told 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 U.S.- 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 close to its operations and has suffered from the departure of senior personnel.

HIGHLIGHTS

• McNally Capital has economic interest in Safe Reach Solutions

• GHF aid distribution halted after deadly shootings near operations

• U.N. and aid groups refuse to work with GHF, citing lack of neutrality

"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 said. "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 did not 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 confirmed it worked with the foundation, also known as GHF, but did not answer specific questions about ownership.
GHF, which resumed aid distribution on Thursday, did not respond to a request for comment
While Israel and the United States have both said they don't finance the operation, they have pushed the United Nations and international aid groups to work with it, arguing that aid distributed by a long-established U.N. aid network was diverted to Hamas. Hamas has denied that.
Israel blocked almost all aid into Gaza for 11 weeks until May 19, and has since only allowed limited deliveries in, mostly managed by the new GHF operation. This week GHF pressed Israel to boost civilian safety beyond the perimeter of its distribution sites after Gazan health officials said at least 27 Palestinians were killed and dozens wounded by Israeli fire near one of the food distribution sites on Tuesday, the third consecutive day of chaos and bloodshed to blight the aid operation.
The Israeli military said its forces on Tuesday had opened fire on a group of people they viewed as a threat after they left a designated access route near the distribution center in Rafah. It said it was investigating what had happened.
The U.N and most other aid groups have refused to work with GHF because they say it is not neutral and that the distribution model militarizes aid and forces displacement.
The SRS spokesperson said 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 did not return calls for comment. Reilly used to work for Orbis.

 


MSF suspends some Gaza hospital work over presence of gunmen, suspected weapons transfers, group says

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MSF suspends some Gaza hospital work over presence of gunmen, suspected weapons transfers, group says

  • Charity also concerned of possible ‌weapons movement at hospital
  • Suspension cites neutrality concerns, repeated security breaches
Medecins Sans Frontieres has halted “non-critical” medical activities at a major hospital in southern Gaza following reports from patients and its own staff of armed men inside the facility and concerns over the movement of weapons within it.
MSF’s statement appeared to mark the first time that an international humanitarian group in Gaza has publicly reported the presence of armed men in a hospital or the possible use of such a facility for moving weapons.
The Geneva-based medical charity said non-essential operations at Nasser Hospital in Khan Younis were suspended on January 20 over concerns with the “management of the structure, the safeguarding of its neutrality, and security breaches.”
In recent months, patients and personnel had “seen armed men, some masked,” in areas of the hospital compound, MSF said.
The Hamas-run Interior Ministry said in a statement it was committed to preventing any armed presence inside hospitals, ‌and that legal action ‌would be taken against violators. It suggested that armed members of certain ‌Gazan ⁠families had recently entered ⁠hospitals, but did not identify those involved.
‘Unacceptable acts’ reported, including weapons movements
Israel and Hamas agreed to a ceasefire in October as part of a US plan to end the war in Gaza. Both sides have repeatedly accused each other of violations.
Since the ceasefire, “MSF teams have reported a pattern of unacceptable acts, including the presence of armed men, intimidation, arbitrary arrests of patients, and a recent situation of suspicion of movement of weapons,” it said.
According to Gaza’s Health Ministry, more than 590 Palestinians have been killed by Israeli troops in the territory since the ceasefire began, ⁠while Palestinian militants have killed four Israeli soldiers in the same period.
MSF, also ‌known as Doctors Without Borders, disclosed the Nasser Hospital suspension in ‌a “frequently asked questions” section on its website about its work in Gaza, last updated on February 11.
The armed men had been ‌seen in areas of the hospital compound where MSF does not carry out activities, but their presence, ‌along with suspected weapons transfers, posed serious security risks to patients and personnel, MSF said.
An MSF representative told Reuters the organization continued to support some critical services at Nasser Hospital, including inpatient and surgical care for certain patients requiring lifesaving treatment.
‘Hospitals must remain neutral spaces’
MSF said it had expressed concern to the relevant authorities, without detailing whom the reports were submitted to.
“Hospitals ‌must remain neutral, civilian spaces, free from military presence or activity, to ensure the safe and impartial delivery of medical care,” MSF said.
Israel last month ordered ⁠MSF and 30 other ⁠international organizations to stop its work in Gaza and the Israeli-occupied West Bank if they did not meet new rules, including sharing details about their staff.
MSF on January 30 said it would not submit a staff list to Israel after failing to receive assurances over their safety.
Parts of tunnel network found under hospitals
The Israeli military says it has targeted hospitals during the war because Hamas fighters were operating inside them, and parts of Hamas’ tunnel network have been found running beneath medical facilities. The Palestinian Islamist group denies using hospitals for military purposes.
Some Israeli hostages, taken during Hamas’ October 7, 2023 attack on southern Israel that ignited the war, have said they were held at Nasser Hospital, the largest in southern Gaza.
Hospitals are protected sites under international law. Both attacking hospitals and their use for military purposes are typically considered a breach of law.
Although medical facilities can lose their protected status under certain conditions, rights groups say Israel has not shown sufficient evidence in many cases to justify its attacks on them during the war.