Minot Light Capital Partners

Colby Van Sickler, the firm's Managing Partner and co-founder, leads investment decisions. He founded the firm in 2011 alongside Principal John O'Connor. Van Sickler anchors the concentrated portfolio construction and has presented the firm's long-duration compounding philosophy at investor conferences, including the London Value Investor Conference.

The firm holds 8 to 12 positions, typically in public equities, with holding periods that can span several years. This concentration reflects a conviction-weighted approach rather than the broad diversification common at larger asset managers. Turnover is low, consistent with a strategy that prioritizes multi-year earnings compounding over short-term price movements.

Minot Light invests primarily in founder-led technology businesses with durable competitive advantages, high switching costs, and recurring revenue models. The firm favors vertical-market software consolidators and industrial-technology platforms where management retains significant equity ownership and has a demonstrated record of disciplined capital allocation. Historical holdings include Tyler Technologies and Constellation Software.

The firm is a public-equity manager and does not operate private-market funds. However, its long holding periods and concentrated book create a posture that resembles private-equity logic — buying durable compounders and allowing reinvestment to drive returns over multiple years — but executed inside the liquidity of public markets.

Minot Light runs a lean partnership with a deliberately small capital base, which allows it to avoid the overdiversification that dilutes returns at scale. Without product proliferation or quarterly benchmarking pressure, the firm can concentrate into a few high-conviction names and hold through drawdowns — a time-arbitrage advantage that larger peers often cede to short-term redemptions or asset-gathering incentives.