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Bill Trainor

Bill is a co-founder of both Mutual Capital Partners and Access Ventures Fund (2000). He leads the software practice for Mutual Capital Partners and has been an active angel investor since 1997.  Until starting both venture funds, Bill was Senior Vice President-Head of E-Commerce Investment Banking at McDonald Investments, an investment bank acquired by Key Corp. At McDonald Investments, he focused on consumer, retail, healthcare, and service companies working closely with companies that were using technology to expand and complement their existing business structure. Bill joined McDonald Investments in 1994 after graduating from Columbia University with an A.B. in Political Science.


He serves on the non-profit board of the Pennsylvania Venture Capital Association, founded in 1982 to catalyze venture investment and entrepreneurialism in Western Pennsylvania.

Contact Bill at

or (216) 577-4408


Wayne Wallace

Wayne is a co-founder of Mutual Capital Partners and leads the firm’s medical device investing practice. Previously, Wayne worked in investment banking for both National City Investments and McDonald Investments. His investment banking experience includes engagements with numerous private and public companies and represents billions in transaction volume. 


Wayne holds a B.S. in in Business Administration with a specialty in Finance from The Ohio State University and was named. He serves on the non-profit board for Lakewood Catholic Academy, a pre-kindergarten through eighth grade school educating tomorrow’s global leaders by providing an international, concept based curriculum expressed in contextual learning experiences.

Contact Wayne at 

or (216) 577-5647


Liz Todia

Liz Todia, Principal, is a graduate of the University of Dayton where she received a B.S. in Entrepreneurship and Finance with honors. Prior to joining MCP, she spent two years managing the Flyer Angels Fund, a $1 million seed investment fund investing in early stage, Ohio-based technology companies. Liz's responsibilities at MCP include deal flow sourcing, due diligence, portfolio company support and investor relations. She currently serves as Executive Co-Chair of VentureNext, a professional peer group of rising venture capitalists that represents over 100 funds and over $8B AUM. Additionally, she is on the selection committee for the Medtech Launch Fund, a member of the Crotty Center Advisory Council at the University of Dayton, and the West Side Catholic Center Associate Board.

Contact Liz at

or (216) 527-7383

Rick Sapio

Rick Sapio is a co-founder and GP Advisory Board Member of Mutual Capital Partners. Since 1994, he has also been the founding partner and Managing Director of Mutual Capital Alliance, Inc., a privately-owned holding company which has made numerous investments in a wide variety of companies, primarily in healthcare and financial services.

Rick the co-founder and six-time Chairman of the Gathering of Titans Program, an annual, CEO-only event held at the MIT Campus in Boston.

He graduated from Rutgers University with a B.S. in Engineering.

William Cadogan

William Cadogan began his career at AT&T, where for ten years he advanced his way from engineering to sales/marketing to Eastern Regional Vice President of Operations. In 1984, as CEO for Orion Systems, Bill demonstrated the ability to scale revenue from start up to million in three-and-a-half years. In 1987, he sold the company for $130 million to Comsat.


His most recent position held was with ADC Telecommunications where he started as VP of Marketing and was promoted to CEO in 1991. Over the next ten years, he grew the company from $300 million to over $3 billion in revenue. While at ADC, Bill established a corporate venture group and that invested in over 30 start-up companies. He brings significant experience as a board member, investor, and advisor having served on over a dozen companies' boards and negotiated over 20 mergers, acquisitions and transactions worth over billion.

Bill received his BSEE from Northeastern University and earned his MBA from the Wharton Business School at the University of Pennsylvania in 1985.

Special Advisors

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