Dow: Ex-Citi Executive Launches $1 Billion Clean-Technology Fund

"Over a year after his departure from Citigroup Inc. (C) , Todd S. Thomson has set his sights on an alternative energy and carbon offset fund targeting $1 billion, according to a source with knowledge of the fund.

His fund, the Carbon Opportunities Fund, will make investments in buyouts, project development and growth capital opportunities, according to the source. News of the fund was reported previously by VentureBeat.

(This story also appeared in Clean Technology Investor, a daily newsletter published by Dow Jones & Co.)

Joining Thomson in the venture is Christian Langaard, founder of Euro Latin Capital, and a former executive with Credit Suisse First Boston and Banque Paribas, according to the Euro Latin Capital Web site.

Thomson and his new fund join a slew of other financial heavyweights that are looking to make their mark on the alternative energy landscape."