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 7,705 257,875 SH   SOLE NONE 257,875 0 0
BK OF AMERICA CORP COM 060505104 2,270 53,481 SH   SOLE NONE 53,481 0 0
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 22,873 427,457 SH   SOLE NONE 427,457 0 0
BANC OF CALIFORNIA INC COM 05990K106 20,363 1,101,279 SH   SOLE NONE 1,101,279 0 0
BUSINESS FIRST BANCSHARES IN COM 12326C105 5,095 217,829 SH   SOLE NONE 217,829 0 0
BILL COM HLDGS INC COM 090043100 13,017 48,762 SH   SOLE NONE 48,762 0 0
BYLINE BANCORP INC COM 124411109 30,539 1,243,431 SH   SOLE NONE 1,243,431 0 0
CALIFORNIA BANCORP INC COM 13005U101 14,164 807,982 SH   SOLE NONE 807,982 0 0
CAMBRIDGE BANCORP COM 132152109 13,828 157,137 SH   SOLE NONE 157,137 0 0
CB FINL SVCS INC COM 12479G101 2,598 110,797 SH   SOLE NONE 110,797 0 0
COASTAL FINL CORP WA COM NEW 19046P209 22,740 713,742 SH   SOLE NONE 713,742 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101 9,196 53,056 SH   SOLE NONE 53,056 0 0
CARDLYTICS INC COM 14161W105 14,674 174,818 SH   SOLE NONE 174,818 0 0
CONNECTONE BANCORP INC COM 20786W107 15,219 507,117 SH   SOLE NONE 507,117 0 0
DIGITALBRIDGE GROUP INC CL A COM 25401T108 20,880 3,462,625 SH   SOLE NONE 3,462,625 0 0
ENTERPRISE FINL SVCS CORP COM 293712105 13,439 296,788 SH   SOLE NONE 296,788 0 0
EVANS BANCORP INC COM NEW 29911Q208 6,055 158,103 SH   SOLE NONE 158,103 0 0
FB FINL CORP COM 30257X104 9,251 215,737 SH   SOLE NONE 215,737 0 0
FIRST MID ILL BANCSHARES INC COM 320866106 3,473 84,592 SH   SOLE NONE 84,592 0 0
FIRST MIDWEST BANCORP DEL COM 320867104 21,229 1,116,745 SH   SOLE NONE 1,116,745 0 0
FIRST NORTHWEST BANCORP COM 335834107 172 9,768 SH   SOLE NONE 9,768 0 0
FIVE STAR BANCORP COM 33830T103 3,357 140,227 SH   SOLE NONE 140,227 0 0
FVCBANKCORP INC COM 36120Q101 19,778 988,911 SH   SOLE NONE 988,911 0 0
GLOBAL PMTS INC COM 37940X102 3,779 23,981 SH   SOLE NONE 23,981 0 0
HUNTINGTON BANCSHARES INC COM 446150104 4,428 286,404 SH   SOLE NONE 286,404 0 0
HBT FINL INC. COM 404111106 3,248 208,851 SH   SOLE NONE 208,851 0 0
HERITAGE COMM CORP COM 426927109 11,650 1,001,699 SH   SOLE NONE 1,001,699 0 0
HAWTHORN BANCSHARES INC COM 420476103 4,518 195,081 SH   SOLE NONE 195,081 0 0
INDEPENDENT BANK GROUP INC COM 45384B106 9,853 138,702 SH   SOLE NONE 138,702 0 0
LEVEL ONE BANCORP INC COM 52730D208 10,123 344,095 SH   SOLE NONE 344,095 0 0
LIFE STORAGE INC COM 53223X107 2,007 17,493 SH   SOLE NONE 17,493 0 0
MID-AMER APT CMNTYS INC COM 59522J103 7,855 42,062 SH   SOLE NONE 42,062 0 0
MID PENN BANCORP INC COM 59540G107 3,561 129,249 SH   SOLE NONE 129,249 0 0
MVB FINL CORP COM 553810102 14,047 327,980 SH   SOLE NONE 327,980 0 0
NORTHEAST BK LEWISTON ME COM 66405S100 7,452 220,988 SH   SOLE NONE 220,988 0 0
NATIONAL STORAGE AFFILIATES COM SHS BEN IN 637870106 2,017 38,203 SH   SOLE NONE 38,203 0 0
NEW YORK CMNTY BANCORP INC COM 649445103 4,075 316,594 SH   SOLE NONE 316,594 0 0
ORIGIN BANCORP INC COM 68621T102 5,285 124,786 SH   SOLE NONE 124,786 0 0
OCEANFIRST FINL CORP COM 675234108 35,775 1,670,949 SH   SOLE NONE 1,670,949 0 0
ORRSTOWN FINL SVCS INC COM 687380105 4,568 195,234 SH   SOLE NONE 195,234 0 0
PAYA HOLDINGS INC COM CL A 70434P103 9,475 871,637 SH   SOLE NONE 871,637 0 0
PROFESSIONAL HLDG CORP CL A COM 743139107 20,018 1,064,782 SH   SOLE NONE 1,064,782 0 0
PROLOGIS INC. COM 74340W103 7,592 60,527 SH   SOLE NONE 60,527 0 0
PACIFIC MERCANTILE BANCORP COM 694552100 19,213 2,086,102 SH   SOLE NONE 2,086,102 0 0
PAYSAFE LIMITED ORD G6964L107 3,531 455,596 SH   SOLE NONE 455,596 0 0
PERELLA WEINBERG PARTNERS CLASS A COM 71367G102 8,240 621,882 SH   SOLE NONE 621,882 0 0
QCR HOLDINGS INC COM 74727A104 33,934 659,673 SH   SOLE NONE 659,673 0 0
RADIUS GLOBAL INFRASTRCTRE I COM CL A 750481103 5,989 366,750 SH   SOLE NONE 366,750 0 0
REXFORD INDL RLTY INC COM 76169C100 2,047 36,077 SH   SOLE NONE 36,077 0 0
REPAY HLDGS CORP COM CL A 76029L100 12,764 554,250 SH   SOLE NONE 554,250 0 0
SBA COMMUNICATIONS CORP NEW CL A 78410G104 8,020 24,260 SH   SOLE NONE 24,260 0 0
SIGNATURE BK NEW YORK N Y COM 82669G104 37,344 137,154 SH   SOLE NONE 137,154 0 0
STERLING BANCORP INC COM 85917W102 374 72,402 SH   SOLE NONE 72,402 0 0
SOUTHERN FIRST BANCSHARES COM 842873101 16,875 315,416 SH   SOLE NONE 315,416 0 0
SOUTH PLAINS FINANCIAL INC COM 83946P107 6,184 253,647 SH   SOLE NONE 253,647 0 0
TOAST INC CL A 888787108 1,032 20,655 SH   SOLE NONE 20,655 0 0
TERRENO RLTY CORP COM 88146M101 3,628 57,383 SH   SOLE NONE 57,383 0 0
UMPQUA HLDGS CORP COM 904214103 7,888 389,522 SH   SOLE NONE 389,522 0 0
U S CENTY BK DORAL FLA CLASS A COM 90343D108 4,880 400,000 SH   SOLE NONE 400,000 0 0
UNIVEST FINANCIAL CORPORATIO COM 915271100 15,940 581,977 SH   SOLE NONE 581,977 0 0
VIRGINIA NATL BANKSHARES COR COM 928031103 5,960 164,925 SH   SOLE NONE 164,925 0 0
VERITEX HLDGS INC COM 923451108 4,157 105,627 SH   SOLE NONE 105,627 0 0
VALLEY NATL BANCORP COM 919794107 15,634 1,174,629 SH   SOLE NONE 1,174,629 0 0
WSFS FINL CORP COM 929328102 15,117 294,624 SH   SOLE NONE 294,624 0 0