Progress Capital Group is an entrepreneurial private equity firm seeking to invest in businesses in Wisconsin and Northern Illinois. With a broad background spanning a variety of industries, PCG’s founders are committed to investing their time and capital – along with co-investors from our proprietary network – in companies with exciting growth prospects on the horizon. The level of PCG engagement in operational activities will vary and depend upon needs and circumstances.
Richard Ruffo has over 15 years experience analyzing, valuing, and investing in a variety of asset classes, including: publicly-traded equity, fixed-income securities, privately-held businesses, and early-stage companies. Richard led the Corporate Development and Strategic Planning function for a $1 billion – NYSE-listed – manufacturing company. Under his leadership, the company made multiple acquisitions which in aggregate increased revenue by more than $175 million and profit by $25 million. Preceding this, Richard was an investment banker and management consultant representing middle market and closely-held businesses in a variety of corporate finance assignments. Richard is a member of the Board of Trustees for The Carson Companies, a privately-held industrial real estate investment trust with over $300 million in assets under management. He also sits on the Boards of the United Way of Racine County and the Racine Art Museum, and is a member of the Association for Corporate Growth. Richard holds a BA from the University of Wisconsin-Madison and an MBA from Cornell University’s Johnson Graduate School of Management.
Chad Cape has over 12 years commercial banking experience at JPMorgan Chase, serving middle market and large corporate clients in Wisconsin, Minnesota, and Illinois. Chad has helped clients obtain over $1.5 billion in various forms of financings, ranging from seed capital, to bank debt, syndicated loans, and asset-backed securitizations. Beyond capital raising, he advised companies on treasury management solutions and foreign exchange and interest rate risk mitigation. Prior to joining JPMorgan Chase, Chad served in the US Navy’s nuclear submarine force in leadership roles in engineering and combat systems departments. He also served as a training department director and has taught engineering and total quality management courses espousing the principles of W. Edwards Deming. Chad has held a NASD Series 7 license and successfully completed his Naval Reactors Engineer qualifications. He received his BA from Cornell University and his MBA from Seattle University. Chad is a member of MBBI and serves on the board of the Cornell Alumni Association of Wisconsin, where he is its Past President.