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 7,637 263,265 SH   SOLE NONE 263,265 0 0
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 28,957 568,000 SH   SOLE NONE 568,000 0 0
BROOKFIELD ASSET MGMT REINS CL A EXCH LT VTG G16169107 204 3,916 SH   SOLE NONE 3,916 0 0
BANC OF CALIFORNIA INC COM 05990K106 19,913 1,135,313 SH   SOLE NONE 1,135,313 0 0
BUSINESS FIRST BANCSHARES IN COM 12326C105 4,999 217,829 SH   SOLE NONE 217,829 0 0
BILL COM HLDGS INC COM 090043100 14,429 78,772 SH   SOLE NONE 78,772 0 0
BANK COMM HLDGS COM 06424J103 2,626 174,817 SH   SOLE NONE 174,817 0 0
BYLINE BANCORP INC COM 124411109 35,867 1,584,938 SH   SOLE NONE 1,584,938 0 0
CALIFORNIA BANCORP INC COM 13005U101 15,109 807,982 SH   SOLE NONE 807,982 0 0
CAMBRIDGE BANCORP COM 132152109 13,335 160,685 SH   SOLE NONE 160,685 0 0
CB FINL SVCS INC COM 12479G101 2,453 110,753 SH   SOLE NONE 110,753 0 0
COASTAL FINL CORP WA COM NEW 19046P209 20,384 713,742 SH   SOLE NONE 713,742 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101 10,969 56,224 SH   SOLE NONE 56,224 0 0
CARDLYTICS INC COM 14161W105 19,064 150,190 SH   SOLE NONE 150,190 0 0
CONNECTONE BANCORP INC COM 20786W107 21,213 810,592 SH   SOLE NONE 810,592 0 0
CYRUSONE INC COM 23283R100 11,754 164,347 SH   SOLE NONE 164,347 0 0
DIGITALBRIDGE GROUP INC CL A COM 25401T108 30,134 3,814,383 SH   SOLE NONE 3,814,383 0 0
ENTERPRISE FINL SVCS CORP COM 293712105 4,133 89,101 SH   SOLE NONE 89,101 0 0
EVANS BANCORP INC COM NEW 29911Q208 5,860 157,950 SH   SOLE NONE 157,950 0 0
FB FINL CORP COM 30257X104 8,531 228,587 SH   SOLE NONE 228,587 0 0
FIRST CHOICE BANCORP COM 31948P104 796 26,155 SH   SOLE NONE 26,155 0 0
FIRST MID ILL BANCSHARES INC COM 320866106 3,819 94,285 SH   SOLE NONE 94,285 0 0
FIRST MIDWEST BANCORP DEL COM 320867104 24,523 1,236,675 SH   SOLE NONE 1,236,675 0 0
FIRST NORTHWEST BANCORP COM 335834107 486 27,712 SH   SOLE NONE 27,712 0 0
FIVE STAR BANCORP COM 33830T103 3,386 140,227 SH   SOLE NONE 140,227 0 0
FVCBANKCORP INC COM 36120Q101 16,807 973,736 SH   SOLE NONE 973,736 0 0
GLOBAL PMTS INC COM 37940X102 10,599 56,515 SH   SOLE NONE 56,515 0 0
HUNTINGTON BANCSHARES INC COM 446150104 3,784 265,197 SH   SOLE NONE 265,197 0 0
HBT FINL INC. COM 404111106 5,339 306,662 SH   SOLE NONE 306,662 0 0
HERITAGE COMM CORP COM 426927109 10,850 974,855 SH   SOLE NONE 974,855 0 0
HAWTHORN BANCSHARES INC COM 420476103 4,301 187,578 SH   SOLE NONE 187,578 0 0
INDEPENDENT BANK GROUP INC COM 45384B106 13,653 184,547 SH   SOLE NONE 184,547 0 0
I3 VERTICALS INC COM CL A 46571Y107 1,479 48,931 SH   SOLE NONE 48,931 0 0
LEVEL ONE BANCORP INC COM 52730D208 9,394 344,095 SH   SOLE NONE 344,095 0 0
LIFE STORAGE INC COM 53223X107 1,906 17,758 SH   SOLE NONE 17,758 0 0
MID-AMER APT CMNTYS INC COM 59522J103 9,499 56,400 SH   SOLE NONE 56,400 0 0
MID PENN BANCORP INC COM 59540G107 3,548 129,249 SH   SOLE NONE 129,249 0 0
MVB FINL CORP COM 553810102 13,992 327,980 SH   SOLE NONE 327,980 0 0
NORTHEAST BK LEWISTON ME COM 66405S100 6,192 207,293 SH   SOLE NONE 207,293 0 0
NATIONAL STORAGE AFFILIATES COM SHS BEN IN 637870106 1,933 38,227 SH   SOLE NONE 38,227 0 0
NEW YORK CMNTY BANCORP INC COM 649445103 3,489 316,594 SH   SOLE NONE 316,594 0 0
ORIGIN BANCORP INC COM 68621T102 6,982 164,445 SH   SOLE NONE 164,445 0 0
OCEANFIRST FINL CORP COM 675234108 39,359 1,888,628 SH   SOLE NONE 1,888,628 0 0
ORRSTOWN FINL SVCS INC COM 687380105 4,504 195,234 SH   SOLE NONE 195,234 0 0
PAYA HOLDINGS INC COM CL A 70434P103 12,710 1,153,342 SH   SOLE NONE 1,153,342 0 0
PROFESSIONAL HLDG CORP CL A COM 743139107 20,200 1,120,979 SH   SOLE NONE 1,120,979 0 0
PROLOGIS INC. COM 74340W103 9,901 82,831 SH   SOLE NONE 82,831 0 0
PACIFIC MERCANTILE BANCORP COM 694552100 17,940 2,086,102 SH   SOLE NONE 2,086,102 0 0
PAYSAFE LIMITED ORD G6964L107 19,088 1,576,180 SH   SOLE NONE 1,576,180 0 0
PERELLA WEINBERG PARTNERS CLASS A COM 71367G102 8,783 682,953 SH   SOLE NONE 682,953 0 0
QCR HOLDINGS INC COM 74727A104 34,986 727,512 SH   SOLE NONE 727,512 0 0
REXFORD INDL RLTY INC COM 76169C100 2,721 47,771 SH   SOLE NONE 47,771 0 0
REPAY HLDGS CORP COM CL A 76029L100 22,664 942,742 SH   SOLE NONE 942,742 0 0
SBA COMMUNICATIONS CORP NEW CL A 78410G104 15,005 47,083 SH   SOLE NONE 47,083 0 0
SIGNATURE BK NEW YORK N Y COM 82669G104 49,794 202,704 SH   SOLE NONE 202,704 0 0
STERLING BANCORP INC COM 85917W102 329 72,402 SH   SOLE NONE 72,402 0 0
SOUTHERN FIRST BANCSHARES COM 842873101 16,137 315,416 SH   SOLE NONE 315,416 0 0
SOUTH PLAINS FINANCIAL INC COM 83946P107 4,246 183,585 SH   SOLE NONE 183,585 0 0
TERRENO RLTY CORP COM 88146M101 4,926 76,351 SH   SOLE NONE 76,351 0 0
UMPQUA HLDGS CORP COM 904214103 22,106 1,198,178 SH   SOLE NONE 1,198,178 0 0
UNIVEST FINANCIAL CORPORATIO COM 915271100 17,482 662,939 SH   SOLE NONE 662,939 0 0
VIRGINIA NATL BANKSHARES COR COM 928031103 6,414 164,925 SH   SOLE NONE 164,925 0 0
VERITEX HLDGS INC COM 923451108 10,005 282,549 SH   SOLE NONE 282,549 0 0
VALLEY NATL BANCORP COM 919794107 5,873 437,337 SH   SOLE NONE 437,337 0 0
WSFS FINL CORP COM 929328102 4,491 96,387 SH   SOLE NONE 96,387 0 0