A billionaire hedge-fund manager has pledged $275 million to build clinics offering free mental health care to veterans and their families.

Steven Cohen, who heads Point72 Asset Management, will build 20 to 25 clinics across the country in the next three to five years, with the first ones opening in July.

The initial clinics will be in New York, Dallas, San Antonio and Los Angeles, according to a press release from the Cohen Veterans Network, the nonprofit group overseeing the effort.

Tags: $275 million, Dallas, Los Angeles, mental health care, New York, San Antonio, Steven Cohen