Citi Launches $150 Million Impact Investing Fund
Citigroup, Inc. (C)
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Source: Business Wire
Citi Impact Fund Will Make Investments in Double Bottom Line Startups With an Emphasis on Women and Minority Entrepreneurs NEW YORK--(BUSINESS WIRE)--Citi announced today the launch of the $150 million Citi Impact Fund that will make equity investments in “double bottom line” private sector companies that have a positive impact on society. Citi will invest its own capital in U.S.-based companies that are applying innovative solutions to help address four societal challenges:Workforce Development – solutions that train and connect people to careers.Financial Capability – solutions that increase access to the financial system.Physical & Social Infrastructure – solutions that improve an individual’s way of life through housing, healthcare and transportation.Sustainability – solutions that address issues related to energy, water and sustainable production.“It takes companies of all sizes to address the challenges our society faces today,” said Citi CEO Michael Corbat. “While Citi’s glo
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