Working together since 1998, while at McDonald Investments where they started the e-commerce investment banking group, Bill Trainor and Wayne Wallace always had a passion for investing in and advising smart, hard-working, and dedicated entrepreneurs.
In 2000, Bill started Access Ventures, a venture capital fund that focused on co-investing in early-stage companies that had business relationships with CT Partners (a Cleveland-based retained executive search firm). It was there he met Bill Cadogan who became the lead advisory board member for that fund.
Coming together in 2004, Bill and Wayne started Mutual Capital Partners with a goal of investing in entrepreneurs but doing so in a venture capital capacity. Bill Cadogan joined as our chairman and we've been working closely together ever since. Below are summary bios for our team.
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 and acquisitions 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.
Bill Trainor is a co-founder of both Mutual Capital Partners and Access Ventures Fund. Until starting Access Ventures, 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 boards of Venture Ohio, a unified voice for the capital sources and other organizations that seek to make Ohio a preferred location for high potential entrepreneurial activity, and Flashes of Hope, an organization dedicated to creating powerful, uplifting portraits of children fighting cancer and other life-threatening illnesses as well as funding pediatric cancer research.
Wayne Wallace is a co-founder Mutual Capital Partners. Previously, he worked in investment banking for both McDonald Investments and National City Investments. Wayne was the first employee hired by the new co-heads of National City Investments investment banking group and played an integral role in sourcing and executing transactions, recruiting talented professionals, and significantly growing the group's revenue. He performed substantial financial, economic, and industry analysis and provided client advice, financial structuring, and investor contacts for companies seeking to raise capital or engage in merger, acquisition, and divestiture activities. Wayne's investment banking experience includes engagements with numerous private and public companies.
Wayne holds a B.S. in Business Administration with a specialty in Finance from the Ohio State University. He serves on the non-profit board of directors for Lakewood Catholic Academy, a premier K-8 school with an innovative curriculum, opportunity for unique community service, and commitment to family values.