The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ALERUS FINL CORP COM 01446U103 7,773 265,468 SH   SOLE NONE 265,468 0 0
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 21,230 351,601 SH   SOLE NONE 351,601 0 0
BANC OF CALIFORNIA INC COM 05990K106 42,069 2,144,166 SH   SOLE NONE 2,144,166 0 0
BILL COM HLDGS INC COM 090043100 15,519 62,289 SH   SOLE NONE 62,289 0 0
BANKUNITED INC COM 06652K103 20,389 481,887 SH   SOLE NONE 481,887 0 0
BYLINE BANCORP INC COM 124411109 31,416 1,148,665 SH   SOLE NONE 1,148,665 0 0
CALIFORNIA BANCORP INC COM 13005U101 17,153 807,982 SH   SOLE NONE 807,982 0 0
CAMBRIDGE BANCORP COM 132152109 14,707 157,141 SH   SOLE NONE 157,141 0 0
CB FINL SVCS INC COM 12479G101 2,668 110,839 SH   SOLE NONE 110,839 0 0
COASTAL FINL CORP WA COM NEW 19046P209 36,130 713,742 SH   SOLE NONE 713,742 0 0
CARDLYTICS INC COM 14161W105 8,108 122,683 SH   SOLE NONE 122,683 0 0
CITY OFFICE REIT INC COM 178587101 1,345 68,207 SH   SOLE NONE 68,207 0 0
CONNECTONE BANCORP INC COM 20786W107 13,900 424,932 SH   SOLE NONE 424,932 0 0
CAMDEN PPTY TR SH BEN INT 133131102 6,198 34,687 SH   SOLE NONE 34,687 0 0
COUSINS PPTYS INC COM NEW 222795502 1,043 25,894 SH   SOLE NONE 25,894 0 0
DIGITALBRIDGE GROUP INC CL A COM 25401T108 27,505 3,301,869 SH   SOLE NONE 3,301,869 0 0
ENTERPRISE FINL SVCS CORP COM 293712105 15,405 327,146 SH   SOLE NONE 327,146 0 0
EVANS BANCORP INC COM NEW 29911Q208 6,372 158,103 SH   SOLE NONE 158,103 0 0
FB FINL CORP COM 30257X104 4,951 112,975 SH   SOLE NONE 112,975 0 0
FLYWIRE CORPORATION COM VTG 302492103 16,637 437,129 SH   SOLE NONE 437,129 0 0
FIRST MIDWEST BANCORP DEL COM 320867104 14,755 720,452 SH   SOLE NONE 720,452 0 0
FIRST NORTHWEST BANCORP COM 335834107 197 9,768 SH   SOLE NONE 9,768 0 0
FINWARD BANCORP COM 31812F109 4,567 99,543 SH   SOLE NONE 99,543 0 0
FVCBANKCORP INC COM 36120Q101 16,351 830,865 SH   SOLE NONE 830,865 0 0
HUNTINGTON BANCSHARES INC COM 446150104 5,063 328,348 SH   SOLE NONE 328,348 0 0
HERITAGE COMM CORP COM 426927109 11,964 1,001,993 SH   SOLE NONE 1,001,993 0 0
HAWTHORN BANCSHARES INC COM 420476103 4,691 180,839 SH   SOLE NONE 180,839 0 0
INDEPENDENT BANK GROUP INC COM 45384B106 2,409 33,387 SH   SOLE NONE 33,387 0 0
LEVEL ONE BANCORP INC COM 52730D208 6,574 166,686 SH   SOLE NONE 166,686 0 0
LIFE STORAGE INC COM 53223X107 2,724 17,784 SH   SOLE NONE 17,784 0 0
MID-AMER APT CMNTYS INC COM 59522J103 9,807 42,744 SH   SOLE NONE 42,744 0 0
MID PENN BANCORP INC COM 59540G107 2,638 83,124 SH   SOLE NONE 83,124 0 0
MARQETA INC CLASS A COM 57142B104 11,001 640,697 SH   SOLE NONE 640,697 0 0
MVB FINL CORP COM 553810102 13,618 327,980 SH   SOLE NONE 327,980 0 0
NORTHEAST BK LEWISTON ME COM 66405S100 10,139 283,763 SH   SOLE NONE 283,763 0 0
NATIONAL STORAGE AFFILIATES COM SHS BEN IN 637870106 2,686 38,821 SH   SOLE NONE 38,821 0 0
NEW YORK CMNTY BANCORP INC COM 649445103 3,499 286,594 SH   SOLE NONE 286,594 0 0
ORIGIN BANCORP INC COM 68621T102 4,129 96,210 SH   SOLE NONE 96,210 0 0
OCEANFIRST FINL CORP COM 675234108 38,057 1,714,295 SH   SOLE NONE 1,714,295 0 0
ORRSTOWN FINL SVCS INC COM 687380105 4,920 195,234 SH   SOLE NONE 195,234 0 0
PROFESSIONAL HLDG CORP CL A COM 743139107 21,375 1,115,623 SH   SOLE NONE 1,115,623 0 0
PROLOGIS INC. COM 74340W103 10,358 61,521 SH   SOLE NONE 61,521 0 0
PINNACLE FINL PARTNERS INC COM 72346Q104 3,527 36,930 SH   SOLE NONE 36,930 0 0
PERELLA WEINBERG PARTNERS CLASS A COM 71367G102 9,278 721,426 SH   SOLE NONE 721,426 0 0
QCR HOLDINGS INC COM 74727A104 36,906 659,029 SH   SOLE NONE 659,029 0 0
RADIUS GLOBAL INFRASTRCTRE I COM CL A 750481103 16,189 1,005,556 SH   SOLE NONE 1,005,556 0 0
REXFORD INDL RLTY INC COM 76169C100 2,976 36,691 SH   SOLE NONE 36,691 0 0
SIGNATURE BK NEW YORK N Y COM 82669G104 31,657 97,868 SH   SOLE NONE 97,868 0 0
STERLING BANCORP INC COM 85917W102 416 72,402 SH   SOLE NONE 72,402 0 0
SOUTHERN FIRST BANCSHARES COM 842873101 19,710 315,416 SH   SOLE NONE 315,416 0 0
SOUTH PLAINS FINANCIAL INC COM 83946P107 7,054 253,647 SH   SOLE NONE 253,647 0 0
TOAST INC CL A 888787108 9,263 266,861 SH   SOLE NONE 266,861 0 0
TERRENO RLTY CORP COM 88146M101 4,971 58,289 SH   SOLE NONE 58,289 0 0
UMPQUA HLDGS CORP COM 904214103 7,104 369,207 SH   SOLE NONE 369,207 0 0
USCB FINANCIAL HOLDINGS INC CLASS A COM 90355N101 5,218 372,587 SH   SOLE NONE 372,587 0 0
UNIVEST FINANCIAL CORPORATIO COM 915271100 16,408 548,412 SH   SOLE NONE 548,412 0 0
VIRGINIA NATL BANKSHARES COR COM 928031103 6,247 164,925 SH   SOLE NONE 164,925 0 0
VERITEX HLDGS INC COM 923451108 289 7,258 SH   SOLE NONE 7,258 0 0
VALLEY NATL BANCORP COM 919794107 16,344 1,188,680 SH   SOLE NONE 1,188,680 0 0
WSFS FINL CORP COM 929328102 6,364 126,983 SH   SOLE NONE 126,983 0 0