
Investment Philosophy
Minot Light Capital Partners brings an institutional approach to a largely non-institutional investment universe. It is our belief that the small-cap and micro-cap segments of the public equity market are areas with increasingly less institutional competition, and as a result, they provide the opportunity for greater inefficiencies than ever before. We take a fundamental approach in identifying small-cap and micro-cap companies that are early in their growth lifecycle, facing large and accretive capital deployment opportunities and are attractively valued relative to our assessment of fair value. ​By focusing on small-cap and micro-cap companies with solid balance sheets, strong business models, and long-duration growth opportunities that trade at attractive valuations, we seek to diminish the risk of a permanent loss of capital for our partners.
Meet the Team
Thomas Wetherald | Chief Investment Officer
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Thomas Wetherald is a highly experienced buy-side investor with extensive tenures analyzing stocks and managing portfolios in the small-cap space. Mr. Wetherald has twenty years of institutional investing experience, including 7 years at Manning & Napier as a research assistant, research associate and research analyst, as well as 13 years at Massachusetts Financial Services (MFS), including 3 years as an analyst on the small-cap team and 10 years as portfolio manager for the multi-billion dollar MFS New Discovery small-cap growth fund from 7/1/2004 through 12/31/2014. He served as the sole Portfolio Manager of the MFS New Discovery Fund from 2/24/2005-12/31/2013. Following his tenure at MFS, he has continually operated as a private investor. He was also an early investor and CFO of Laird Superfood prior to the company going public. Mr. Wetherald has been recognized for his acumen as a portfolio manager in several publications, including Barron’s, Bloomberg, and Investors Business Daily. He was
named the Boston Globe’s Mutual Fund Manager of the Year in 2010.
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Edward Reilly, CFA | Chief Financial Officer
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Edward Reilly has focused on small and micro-cap stocks throughout his investment career, first as an Investment Specialist at Gage Wealth Advisors from 2018-2020, then as a sell-side analyst focused on small-cap stocks at EF Hutton from 2020-2023, and then as a buy-side analyst focused on small-cap stocks at Kanen Wealth Management LLC from 2023-2024.