Through our $200 million Impact Investment Fund we are using our own capital to make equity investments in "double bottom line" U.S.-based private sector companies that are applying innovative solutions to help address some of society's most pressing challenges. Investments, which could be as high as $10 million, will primarily be made in companies that have demonstrated proof of concept, built an existing customer base, secured prior rounds of funding and exhibited the potential for scale in multiple markets. A portion of the fund is designated for earlier stage seed investments. We are actively seeking opportunities to invest in businesses that are led or owned by women and minority entrepreneurs to help combat the gender and ethnic gap that exists in the startup world. As part of this commitment, early stage seed investments are allocated to businesses that are led or owned by women and minorities. The Impact Investing Fund team leads our Black Entrepreneurs Investment Initiative, a $50 million capital commitment from Citi to reduce the wealth gap by creating equitable access to venture capital funding for Black founders. The initiative was announced in September 2020 as a part of Citi’s $1 billion Action for Racial Equity Initiative. In the six months following, Citi made six early-stage equity investments in tech-enabled ventures led by Black founders. Citi’s team of investors seek out tech-enabled startups with defensible moats and validated markets in high growth sectors. We primarily, but not exclusively, invest in four verticals: Workforce Development, Sustainability, Financial Inclusion, and Infrastructure. The team typically coinvests alongside other investors in the venture capital ecosystem, making equity capital commitments ranging from $250,000 to $10 million across the Seed to Growth stage.