Frank T. Caprio has viewed the challenges and nuances of finance in a variety of roles, affording him a uniquely comprehensive appreciation for the industry.  Caprio brings over two decades of experience and a legacy of performance to his current position as a Managing Director with Chatham Capital.  The Atlanta-based private equity firm focuses on small- to middle-market companies, primarily in the healthcare, manufacturing, and service industries.

Prior to starting in his current role at Chatham, Frank Caprio served as General Treasurer of Rhode Island.  As Treasurer, he foresaw the threats posed to Rhode Island’s pension portfolio by asset backed securities, moving $1 billion in pension investments from Quality D money market funds to Quality A institutional funds.  Even before the subprime mortgage crisis began to attract attention, then-Treasurer Caprio anticipated the high risk collateralized debt obligations (CDOs) and structured investment vehicles (SIVs) posed to investors.  Another $150 million in high-yield investments was moved into Treasury bonds.  As a result, Rhode Island’s pension fund maintained its 5-year average return rate, surviving the fallout of the 2008 market collapse unscathed.

Caprio received his undergraduate degree in Economics at Harvard University, where he played varsity baseball throughout his academic career, and obtained his JD from Suffolk University Law School.  After graduation, Caprio worked as an in-house counsel at Cookson Group plc, a FTSE 250 company headquartered in London.   Before he was elected Treasurer in 2006, Frank Caprio served in both the Rhode Island State House and State Senate.