Goldman Sachs Group Inc will pump $500 million into companies led, founded or owned by women, as it steps up efforts to close the gender investing gap, the Wall Street bank said on Tuesday.

The program, Goldman Sachs’ second geared toward female entrepreneurs, will also help clients invest directly in private, late-stage companies or provide seed capital for women starting their own funds.

“The bottom line is this makes sense for our business – because investing and helping companies grow is our business,” Stephanie Cohen, Goldman Sachs’ chief strategy officer, said in a statement. “We also hope it makes a difference for women who have big ideas but find themselves cut out of the funding ecosystem.”

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