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 7,286 263,621 SH   SOLE NONE 263,621 0 0
BK OF AMERICA CORP COM 060505104 2,492 60,464 SH   SOLE NONE 60,464 0 0
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 16,032 283,409 SH   SOLE NONE 283,409 0 0
BANC OF CALIFORNIA INC COM 05990K106 41,576 2,147,521 SH   SOLE NONE 2,147,521 0 0
BILL COM HLDGS INC COM 090043100 18,168 80,111 SH   SOLE NONE 80,111 0 0
BYLINE BANCORP INC COM 124411109 25,397 951,910 SH   SOLE NONE 951,910 0 0
CALIFORNIA BANCORP INC COM 13005U101 18,592 807,982 SH   SOLE NONE 807,982 0 0
CAMBRIDGE BANCORP COM 132152109 15,778 185,628 SH   SOLE NONE 185,628 0 0
CB FINL SVCS INC COM 12479G101 2,661 110,880 SH   SOLE NONE 110,880 0 0
COASTAL FINL CORP WA COM NEW 19046P209 32,874 718,561 SH   SOLE NONE 718,561 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101 4,198 22,740 SH   SOLE NONE 22,740 0 0
CARDLYTICS INC COM 14161W105 4,194 76,286 SH   SOLE NONE 76,286 0 0
CONNECTONE BANCORP INC COM 20786W107 10,526 328,843 SH   SOLE NONE 328,843 0 0
CAMDEN PPTY TR SH BEN INT 133131102 6,436 38,724 SH   SOLE NONE 38,724 0 0
DIGITALBRIDGE GROUP INC CL A COM 25401T108 25,196 3,499,509 SH   SOLE NONE 3,499,509 0 0
ENTERPRISE FINL SVCS CORP COM 293712105 10,962 231,696 SH   SOLE NONE 231,696 0 0
EQUITY RESIDENTIAL SH BEN INT 29476L107 1,897 21,099 SH   SOLE NONE 21,099 0 0
EVANS BANCORP INC COM NEW 29911Q208 6,008 158,103 SH   SOLE NONE 158,103 0 0
FLYWIRE CORPORATION COM VTG 302492103 17,249 564,051 SH   SOLE NONE 564,051 0 0
FINWARD BANCORP COM 31812F109 4,600 99,543 SH   SOLE NONE 99,543 0 0
FVCBANKCORP INC COM 36120Q101 17,224 830,065 SH   SOLE NONE 830,065 0 0
HUNTINGTON BANCSHARES INC COM 446150104 4,790 327,662 SH   SOLE NONE 327,662 0 0
HERITAGE COMM CORP COM 426927109 11,129 989,209 SH   SOLE NONE 989,209 0 0
HAWTHORN BANCSHARES INC COM 420476103 4,572 180,838 SH   SOLE NONE 180,838 0 0
INDUS REALTY TRUST INC COM 45580R103 1,093 14,958 SH   SOLE NONE 14,958 0 0
LIVE OAK BANCSHARES INC COM 53803X105 2,954 58,045 SH   SOLE NONE 58,045 0 0
MID PENN BANCORP INC COM 59540G107 2,879 107,369 SH   SOLE NONE 107,369 0 0
MARQETA INC CLASS A COM 57142B104 9,861 893,234 SH   SOLE NONE 893,234 0 0
MVB FINL CORP COM 553810102 14,142 340,781 SH   SOLE NONE 340,781 0 0
NORTHEAST BK LEWISTON ME COM 66405S100 9,895 290,078 SH   SOLE NONE 290,078 0 0
NEW YORK CMNTY BANCORP INC COM 649445103 3,072 286,594 SH   SOLE NONE 286,594 0 0
ORIGIN BANCORP INC COM 68621T102 3,175 75,081 SH   SOLE NONE 75,081 0 0
OCEANFIRST FINL CORP COM 675234108 35,195 1,750,983 SH   SOLE NONE 1,750,983 0 0
OLD NATL BANCORP IND COM 680033107 5,608 342,375 SH   SOLE NONE 342,375 0 0
ORRSTOWN FINL SVCS INC COM 687380105 4,477 195,234 SH   SOLE NONE 195,234 0 0
BLUE OWL CAPITAL INC COM CL A 09581B103 8,683 684,748 SH   SOLE NONE 684,748 0 0
PROFESSIONAL HLDG CORP CL A COM 743139107 24,951 1,105,994 SH   SOLE NONE 1,105,994 0 0
PROLOGIS INC. COM 74340W103 3,637 22,522 SH   SOLE NONE 22,522 0 0
PERELLA WEINBERG PARTNERS CLASS A COM 71367G102 7,898 835,800 SH   SOLE NONE 835,800 0 0
QCR HOLDINGS INC COM 74727A104 37,555 663,638 SH   SOLE NONE 663,638 0 0
RADIUS GLOBAL INFRASTRCTRE I COM CL A 750481103 22,367 1,566,297 SH   SOLE NONE 1,566,297 0 0
REXFORD INDL RLTY INC COM 76169C100 4,262 57,134 SH   SOLE NONE 57,134 0 0
SIGNATURE BK NEW YORK N Y COM 82669G104 25,549 87,052 SH   SOLE NONE 87,052 0 0
SOUTHERN FIRST BANCSHARES COM 842873101 17,695 348,061 SH   SOLE NONE 348,061 0 0
SOUTH PLAINS FINANCIAL INC COM 83946P107 6,742 253,647 SH   SOLE NONE 253,647 0 0
TOAST INC CL A 888787108 6,837 314,614 SH   SOLE NONE 314,614 0 0
TERRENO RLTY CORP COM 88146M101 4,292 57,967 SH   SOLE NONE 57,967 0 0
USCB FINANCIAL HOLDINGS INC CLASS A COM 90355N101 5,339 372,587 SH   SOLE NONE 372,587 0 0
UNIVEST FINANCIAL CORPORATIO COM 915271100 14,944 558,429 SH   SOLE NONE 558,429 0 0
VIRGINIA NATL BANKSHARES COR COM 928031103 6,291 182,341 SH   SOLE NONE 182,341 0 0
VALLEY NATL BANCORP COM 919794107 26,897 2,065,859 SH   SOLE NONE 2,065,859 0 0
WSFS FINL CORP COM 929328102 2,873 61,623 SH   SOLE NONE 61,623 0 0