Citi has announced the launch of the $150 million Citi Impact Fund.

Cit says the fund will use the bank’s own capital and make equity investments in private sector companies that have a positive impact on society. The fund will 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.

This is the largest fund of its kind to be launched by a bank using its own capital.