About

Program Administration Team

Learn about the Program Administration Team at Equitable School Revolving Fund, including our ESRF and EFF Founder & Chief Executive Officer, EFF Chief Credit Officer, and EFF Vice President of Structured Products and Research.

Photo of Anand Kesavan

Anand Kesavan

ESRF and EFF Founder & Chief Executive Officer
(734) 730-1025
anand@eqfund.org

As a seasoned investment banker, charter school executive, and senior leader of a large philanthropic organization, Anand is passionate about solving educational inequalities, creating efficient financial markets, optimizing school financial models to send more resources to classrooms, and using philanthropy to do so in a scalable and sustainable manner.

Prior to founding Equitable Facilities Fund, Anand led the Structured Finance Group and ran the Facility Fund for the Charter School Growth Fund, where he helped identify the nation’s best schools and invest in them. Prior to CSGF, he served as Chief Financial Officer of KIPP Austin Public Schools. Prior to KIPP, Anand spent more than a decade in senior investment banking roles, financing more than $10 billion in public projects including state revolving funds and K-12 schools with a specialty in credit ratings & quantitative structuring.

Anand is a graduate of the University of Michigan Ross School of Business, the Harvard Kennedy School of Government, and the Education Pioneers Fellowship.

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Michelle Getz

EFF Chief Credit Officer

Michelle is charged with building Equitable Facilities Fund's credit platform and leading a thorough credit diligence and approval process for each charter school loan. Additionally, she leads the loan closing, loan servicing and portfolio management processes.

She brings with her nearly 30 years of professional experience, including 18 years at Nuveen Asset Management. During her time at Nuveen, Michelle developed and refined their charter school investment methodology and implemented it via analysis of over 300 charter school organizations to determine viability and credit worthiness for investment. Michelle has also served as an Internal Auditor for the Coca-Cola Company and an External Financial Auditor with Deloitte & Touche.

Michelle earned a BS from Auburn University and an MS from the University of Houston. She is also a CPA in the states of Illinois and North Carolina.

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Wendy Berry

EFF Vice President of Structured Products and Research

Wendy is a facility financing specialist with deep credit expertise. At Equitable Facilities Fund she conducts bond market research, builds and leads our internal underwriting process, and works closely with our Chief Credit Officer on greenlighting transactions and due diligence efforts. For the past decade, Wendy has focused on the evolving charter school sector, where she has been a thought leader in improving credit standards for the burgeoning market.

She has authored or co-authored several comprehensive publications on the sector, including the LISC Charter School Bond Issuance: A Complete History Volumes I, II, and III along with numerous articles on the ever-changing charter school facility finance landscape.

Wendy has consulted with the Bill and Melinda Gates Foundation, the New York State Housing Finance Agency, the Local Support Initiatives Corporation, the State University of New York Charter Schools Institute, and the Arizona State Board of Education. She was also a senior credit analyst at Moody’s Investors Service.

Wendy received a BA and MPA from the Rockefeller College of Public Administration at the University of Albany. During her career, Wendy has held Series 7, Series 53, and Series 63 licenses.

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Michael McGregor

EFF Chief of Staff

Mike oversees Equitable Facilities Fund’s internal finance and operations team and supports the CEO in managing key stakeholder relationships. He previously served as the Chief Operating Officer of the Great Oaks Foundation, where he managed the Charter Management Organization’s efforts to procure facilities, secure major grant revenues, and cultivate various stakeholders to support the expansion of the four-state Great Oaks Charter School network.

Prior to Great Oaks, Mike served as an administrator and humanities teacher at Match Public Charter School, which consistently performed amongst the best high schools in Massachusetts during his tenure. Mike earned an MBA with a concentration in finance and real estate from Columbia University and a BA in American History from the University of Pennsylvania.

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Marc Wancer

EFF Investment Principal

Marc is charged with sourcing loans and developing Equitable Facilities Fund’s pipeline. He works closely with partner schools to evaluate and guide them through our internal credit and underwriting process.

Marc brings 20 years of impact investing and nonprofit management experience. Formerly a Senior Executive and Analyst at Aeris, Marc conducted in-depth analysis and ratings of more than 70 Community Development Financial Institutions (CDFIs) throughout the U.S. and the U.K. Prior to Aeris, Marc worked as an independent consultant, managing development finance projects in Southeast Asia, including impact assessments and operational and financial evaluations of microcredit and savings programs, as well as designing microfinance initiatives to facilitate rural populations’ access to solar products. Marc’s international work was preceded by extensive lending and program management experience in the CDFI sector, working with NFF and Hope Enterprise Corporation.

Marc holds a BA from the University of Minnesota in Central European and Russian history and an MA from Fordham University in international politics and economic development.

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Shannnon Falon

EFF Investment Associate

Shannon is a member of Equitable Facilities Fund's lending team and works to underwrite credit for high performing charter schools.

A Florida native, Shannon started her professional career in public policy, working for the governor of California while earning her BS in Public Policy, Planning, and Development from the University of Southern California. After studying the effects of policy on education inequity and volunteering in a low-performing school in South Los Angeles, Shannon joined Teach for America (TFA) after graduating in 2010. As a teacher, Shannon taught math in a Title 1 high school in Jacksonville, FL, where she helped lead the development of curriculum and instructional best practices for the Geometry, Algebra, and Algebra II cohorts.

After three years in the classroom, Shannon went on to earn her MBA from the University of Florida’s Hough Graduate School of Business, where she specialized in Finance and Global Business. After business school, Shannon spent four years as a commercial banker with Wells Fargo in Greenville, SC, where she worked on a broad range of lending, working in a variety of industries including investor real estate, manufacturing and distribution, retail operators, and consumer finance.

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Adyam Ghebre

EFF Operations Manager

Adyam is responsible for fostering a strong, mission-driven culture at Equitable Facilities Fund. She works cross-functionally across teams and with outside vendors to ensure work is continuously moving forward, on time, and on budget.

Previously, Adyam worked as a Growth and Marketing Manager at Authorea, a collaborative writing platform for academics. In this role, Adyam was tasked with building the brand and growing the userbase. Prior to Authorea, Adyam founded and ran Filosofia Swimwear, an online retailer selling premium swimsuits designed for the natural diversity of female bodies. Before starting her swimwear line, Adyam worked at Fidelity Investments as a Sales Manager charged with cultivating and managing a portfolio of relationships, while guiding investment strategies for her clients. Adyam holds a bachelor of commerce degree in finance from Concordia University’s John Molson School of Business.

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Brian Kates

EFF Director of Finance

Brian is responsible for developing Equitable Facilities Fund's financial systems to address current and future needs of the organization, monitoring business plan results, and assuring financial and reporting compliance to public, philanthropic and private partners. He builds and supports EFF’s finance, accounting, compliance, reporting, and human resource functions.

Prior to joining Equitable Facilities Fund, Brian founded ZATA Consulting, an education-focused practice that works primarily with charter schools on strategic planning, financial, operational, and facility initiatives.

Brian has worked with more than 50 growing charter organizations both during strategic planning and execution of growth plans. He served as the founding Director of Finance and Operations for Intrinsic Schools, a blended-learning charter network in Chicago. Prior to Intrinsic, he served as the founding Director of Finance for the Achievement School District in Tennessee.

Brian is a graduate of the Daniels College of Business at the University of Denver and holds a MS in Finance.

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Mark Medema

EFF School Outreach Advisor

Mark was a key startup advisor during Equitable Facilities Fund’s startup phase. He continues to serve as a School Outreach Advisor working with the lending team to source loans and evaluate potential charter school borrowers.

He joined EFF from the nonprofit, Building Hope, where he led the initiative to double the size of the organization in terms of new offices in new markets, number of staff, real estate loan and development products, net earnings and total assets.

Mark was also President and Chief Operating Officer of EdVillage, an international education reform organization dedicated to supporting great third-sector schools worldwide. At the KIPP Foundation, he helped replicate the success of KIPP in its first 50 schools.

Mark received his BS in civil engineering from Northwestern University and has an MBA from Northwestern’s Kellogg School of Management.

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Chris Reynolds

EFF School Outreach Advisor

Chris was a key contributor during Equitable Facilities Fund’s startup phase and currently serves as a School Outreach Advisor. He works with the lending team to source loans and evaluate potential charter school borrowers.

Chris has been involved in the start-up of 10 charter schools in multiple states over the last 14 years, including leading a charter high school in Chicago. For seven years Chris served as the COO and CEO of LEAD Public Schools, Nashville’s largest charter management organization. Under Chris’s leadership LEAD grew from a single charter school of 300 students into a network of six schools serving 2,400 students, including the state’s first district/charter turnaround school and two others conducted in partnership with the state department of education. He has extensive business and education experience having taught at the middle school and college levels, has held senior roles helping launch several organizations, and began his career as a CPA.

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Renita Thukral

EFF General Counsel

Renita oversees Equitable Facilities Fund's legal, risk management, governance, and compliance work and contributes to EFF’s long-range plans while providing day-to-day counsel. Renita also serves as the Senior National Legal Advisor for the National Alliance for Public Charter Schools and is a partner at Civil Rights Solutions. In these roles, she leads and grows a national network of charter school attorneys and supports high-impact charter school litigation around the country. In addition, she provides technical assistance and training to charter school operators, authorizers, attorneys and advocates seeking to improve school-level civil rights policies and practices, and addresses fiscal equity and labor issues confronting charter schools.

Renita earned her BA from Stanford University and her JD from Yale Law School. She taught junior high school math in Los Altos, California, before attending law school, and she served as a public defender for more than six years in New York City before joining the charter school community.

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Karina Vadillo

EFF Investment Associate

Karina works closely with Investment Principals at Equitable Facilities Fund to underwrite credit for high performing charter schools.

Karina previously served as a Senior Analyst for TriLinc Global, where she performed investment management activities for a private debt portfolio targeting SMEs in emerging markets. Prior to joining TriLinc, Karina worked at Global Partnerships, where she managed loan closings for an impact-led investor providing debt to social enterprises.

Karina was a Fellow at Agora Partnerships in Nicaragua where she worked alongside social entrepreneurs to prepare them for future investment. Karina began her career at Root Capital growing rural communities by investing in agricultural businesses. Beginning as a college intern, she spent five years at Root focused on preparing and processing loan documents, disbursements, and amortizations with teams based across Latin America and Africa.

Karina graduated from Wellesley College with a B.A. in Economics and Latin American Studies. She also holds an M.A. in International Relations and Economics from Johns Hopkins SAIS. During her time at SAIS, she interned at Quona Capital and Microvest, fund managers focused on financial inclusion.

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Kevin Alin

EFF Start-Up Advisor

Kevin Alin advises on creating a distinctive culture at Equitable Facilities Fund that supports adaptability and high performance.

Kevin is the founder of New Frontiers Development Group: an innovative platform that invests in the revitalization of latent neighborhoods. He most recently served as VP at the Fund For Our Economic Future where he leveraged more than $120M in philanthropic investment to bring accessible and inclusive economic growth for all residents of Northeast Ohio.

Prior to that, Kevin served as the Executive Director of School Choice & Enrollment for the Cleveland Metropolitan School District and in 2010 he co-founded Citizens Leadership Academy, a high-performing expeditionary middle school in Cleveland, Ohio. Since its launch, CLA has now grown to over 400 students enrolled over two campuses. Kevin now serves the students and families of Citizens Leadership Academy from the Board of Directors.

Kevin, his wife Tara and their two beautiful daughters live in Cleveland, Ohio.

The ESRF Bond Program

is administrated by Equitable Facilities Fund
eqfund.org