Ex-Blackstone VP Elected Cartagena Mayor Plans $1 Billion Fund

  • William Dau is applying years in finance to fix Colombian city
  • He’s returning to a city he left when his life was threatened
William Dau returned to his coastal birthplace seeking to revive the colonial city.Photographer: Charlie Cordero/Bloomberg
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It’s the secret dream of many a Wall Street financier: take the skills and contacts built from years of private asset management and apply them to something poorly run in the public sphere -- a school or a beloved museum.

William Dau is doing it with a city, Cartagena -- a cobblestone gem on the Caribbean coast of Colombia, the birthplace he fled years ago after threats on his life and to which he has now returned with ambitious plans.