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process in 2017. It fully conformed with the Global Fund's strict guidelines.The Correspondence also asserts incorrectly that "Lombard Odier and investors will make money from social investment through the Global Fund." 1 This partnership is designed to generate increased funding opportunities for the Global Fund by enabling third party investors to contribute a portion of returns on their investments. They will not invest through the Global Fund, nor will they make money through the Global Fund. Rather, the Global Fund will increase its financial resources through sharing the returns on their investments.The real issue is the role of private sector partnerships in global health. Governments from all over the world agree-and formalised their agreement at the Addis Ababa Financing for Development conference in 2015 3that the private sector has a critical role in international development and global health. We strongly endorse that view. The scale of our global health challenge is tremendous, and we are convinced that we can only succeed by engaging the private sector effect ively, not by shunning it. Constructive partnerships like the one between the Global Fund and Lombard Odier are the solution, not the problem.AK is the Chair of the Global Fund Board. JS is the ViceChair of the Global Fund Board.