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Thesis Capital Partners

Private equityOperating company

Houston · Growth · 17 people tracked

Also known as Thesis Capital

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Investment thesis

Thesis Capital acquires and operates lower middle market businesses using its proprietary T.H.O.R. framework for sourcing, acquiring, and building companies. The firm takes an operator-first, hands-on approach — running businesses itself rather than monitoring from a distance — and holds every business it acquires with no fund clock or forced exits. It partners with experienced operators (Executives in Residence) to acquire and improve founder-owned service businesses across the lower middle market. Capital is raised from family offices, RIAs, institutional allocators, and qualified individual investors. The firm is remote-first, prioritizing talent over geography, and emphasizes stewardship, speed, honesty, adaptability, and intentional innovation.

Source: firm website, verified Sep 27, 2026.

Stage
Growth
Check
$15M – $80M
HQ
Houston, US
Instruments
Equity · Debt
Founded
2017
Tracked investments
10
Acquisitions
1

Team · 17 people

from the firm's website & curated
Ian J.H. Reynolds· Founder & Managing Partnerin

Founded Thesis Capital in 2017 and leads firm strategy, capital formation, and investment oversight. Architect of the T.H.O.R. framework, he has advised on over $10 billion of M&A and restructuring, and previously was Head of Venture Partners at Golden Section Venture Capital with a background in energy finance and commodity trading.

Connor M. Chakeen· Partnerin

Leads capital formation and investor relationships, working with family offices, RIAs, and institutional allocators. He has helped raise over $4 billion and previously spent a decade at Principal Global Investors, rising to Senior Director of Wealth Advisory.

Joshua Wolf· Partnerin

Leads transaction execution, underwriting, diligence, and deal structuring. A CFA with nearly two decades of experience, he has completed over 46 M&A transactions and previously served as Managing Director of M&A at Cetane Associates and founded J Wolf and Company.

Edward Tsai

Edward Tsai is a Kauffman Fellow, a member of Class 15 of the two-year venture capital leadership program run by Kauffman Fellows. The program's member directory lists them at Thesis Capital in United States.

Alan J. Hebert· Senior Associate

A CFA who leads business development and investment strategy, architecting private equity fundraises and overseeing investment decisions. Previously an Investment Analyst at Atlanta Consulting Group and a private equity research analyst at Trailmark.

Diego Aguinsky· Associate, Deal Origination

Leads off-market deal origination, engaging business owners across the firm's mandates and running the outbound sourcing engine integrated with the CRM and underwriting pipeline.

Dustin Carreon· Advisor
Emile Hanna· Associate, Operations

Supports portfolio company operations and firm-level operational initiatives, working on post-acquisition integration and operational improvement through the T.H.O.R. framework.

Hari Radhakrishnan· Advisor
Ignacio Medina· Software Engineer

Leads software engineering and technology development, building and maintaining the firm's proprietary technology infrastructure including the BEACON deal origination platform.

Ionel V. Nechiti· Advisor
Jim Dumler· Advisor
Rob Ferguson· Advisor
Tim Belton· Independent Director

Brings over three decades of senior leadership across finance, energy, and professional services, having served as Chairman, CEO, COO, and restructuring officer for numerous organizations. Currently Chairman and CEO of ZeoGas LLC.

Veronica Gayarin· Senior Associate, Operations

A CPA with over 15 years of experience in accounting, financial reporting, treasury, and automation across LATAM and U.S. entities. She supports portfolio companies with financial clarity and operational efficiency.

Wesley Leblanc· Directorin

Leads operator-led acquisition sourcing and deal origination, focusing on partnering with operators to acquire founder-owned service businesses. Previously founded Kinetik Strategic Group and led M&A and underwriting for a private investment group.

William E. Jackson· Advisor

What they invest in

from 1 of 10 portfolio companies

Deep Tech ×1Defense Tech ×1Hardware ×1Media & Entertainment ×1Space Tech ×1

HQs:United States×1

Investments · 10 tracked

founders shown can be your intro path
Capella Spacecapellaspace.comin𝕏Acquired

Capella Space designs, builds, and operates synthetic aperture radar (SAR) satellite constellations that provide all-weather, day-and-night Earth observation imagery at sub-0.25m resolution.

Deep TechDefense TechHardwareMedia & EntertainmentSpace TechPalo Alto, US

Payam Banazadeh(CEO and founder)inWilliam Walter Woods(Founder)

BoardWilliam Woods(Founder)Chris Boshuizen(Director)inNabeel Hyatt(Director)in

Co-investorsAlumni VenturesAME Cloud VenturesBlue Ivy VenturesCanaan PartnersCastor VenturesCota Capital+13 more

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

ArkariseCadillac ServicesLegacyVector MediaNEMA EnclosuresOnCourseProsupplyr Global (Arkarise)The RidgeThe Ridge OhioZibtek

Portfolio news

latest coverage across their companies
Capella News & Updates

Capella Space · capellaspace.com · Mar 25, 2026

Frequently asked questions

How many investments has Thesis Capital Partners made?
Thesis Capital Partners has 10 tracked investments, 1 of which have exited.
What stage does Thesis Capital Partners invest at?
Thesis Capital Partners invests at the Growth stage.
What is Thesis Capital Partners's typical check size?
Thesis Capital Partners typically writes checks of $15M – $80M.
What sectors does Thesis Capital Partners focus on?
Thesis Capital Partners focuses on Advanced Manufacturing, Digital Health, Healthtech, Media & Entertainment, SaaS, Sector Agnostic.
Where is Thesis Capital Partners located?
Thesis Capital Partners is headquartered in Houston, US.
Who does Thesis Capital Partners co-invest with?
Thesis Capital Partners most often shares deals with AME Cloud Ventures, Canaan Partners, In-Q-Tel, among 15 tracked co-investors.

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