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.

 


US presses missile issue as new Iran talks to open in Geneva

Updated 59 min 9 sec ago
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US presses missile issue as new Iran talks to open in Geneva

  • New round of negotiations in Geneva comes after the US carried out a massive military build-up in the region
  • The dispute between the countries mostly revolves around Iran’s nuclear program

GENEVA: The United States and Iran are set to hold indirect talks in Switzerland on Thursday aiming to strike a deal to avert fresh conflict and bring an end to weeks of threats.
The new round of negotiations in Geneva comes after the US carried out a massive military build-up in the region and President Donald Trump repeatedly threatened to strike Iran if a deal is not reached.
In his State of the Union address on Tuesday, Trump accused Iran of “pursuing sinister nuclear ambitions.”
He also claimed Tehran had “already developed missiles that can threaten Europe and our bases overseas, and they’re working to build missiles that will soon reach the United States of America.”
The Iranian foreign ministry called these claims “big lies.”
The maximum range of Iran’s missiles is 2,000 kilometers (1,200 miles) according to what Tehran has publicly disclosed. However the US Congressional Research Service estimates they top out at about 3,000 kilometers — less than a third of the distance to the continental United States.
The dispute between the countries mostly revolves around Iran’s nuclear program, which the West believes is aimed at building an atomic bomb but Tehran insists is peaceful.
However the US has also been pushing to discuss Iran’s ballistic missile program, as well as Tehran’s support for armed groups hostile toward Israel.
Secretary of State Marco Rubio warned that Iran must also negotiate on its missile program, calling Tehran’s refusal to discuss ballistic weapons “a big, big problem” on the eve of the talks.
He followed up by saying “the president wants diplomatic solutions.”
Iran has taken anything beyond the nuclear issue off the negotiating table and has demanded that the US sanctions crippling its economy be part of any agreement.
‘Neither war nor peace’
Iranian President Masoud Pezeshkian said on Wednesday he had a “favorable outlook for the negotiations” that could finally “move beyond this ‘neither war nor peace’ situation.”
Foreign Minister Abbas Araghchi, who is leading the Iranian delegation at the talks, has called them “a historic opportunity,” adding that a deal was “within reach.”
In a foreign ministry statement that followed a meeting with his Oman counterpart, Araghchi said the success of the US negotiations depend “on the seriousness of the other side and its avoidance of contradictory behavior and positions.”
The US will be represented by envoy Steve Witkoff and Jared Kushner, who is married to Trump’s daughter Ivanka.
The two countries held talks earlier this month in Oman, which is mediating the negotiations, then gathered for a second round in Geneva last week.
A previous attempt at negotiations collapsed when Israel launched surprise strikes on Iran last June, beginning a 12-day war that Washington briefly joined to bomb Iranian nuclear sites.
In January, fresh tensions between the US and Iran emerged after Tehran engaged in a bloody crackdown on widespread protests that have posed one of the greatest challenges to the Islamic republic since its inception.
Trump has threatened several times to intervene to “help” the Iranian people.
Emile Hokayem, senior fellow for Middle East security at the International Institute for Strategic Studies, said that “the region seems to expect a war at this point.”
In January, there was “a big push by a number of Middle Eastern states to convince the US not to” strike Iran.
“But there’s a lot of apprehension at this point, because the expectation is that this time” a war would be “bigger” than the one in June.
Tehran residents who spoke to AFP were divided as to whether there would be renewed conflict.
Homemaker Tayebeh noted that Trump had “said that war would be very bad for Iran.”
“There would be famine and people would suffer a lot. People are suffering now, but at least with war, our fate might be clear,” the 60-year-old said.