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
ALLEGIANCE BANCSHARES INC COM 01748H107 2,175 67,196 SH   SOLE NONE 22,566 0 44,630
APOLLO GLOBAL MGMT LLC CL A SHS 037612306 1,198 48,814 SH   SOLE NONE 48,814 0 0
ATHENE HLDG LTD CL A G0684D107 2,483 62,349 SH   SOLE NONE 39,857 0 22,492
AMERICAN EXPRESS CO COM 025816109 2,162 22,680 SH   SOLE NONE 0 0 22,680
BANNER CORP COM NEW 06652V208 3,417 63,890 SH   SOLE NONE 63,890 0 0
BUSINESS FIRST BANCSHARES IN COM 12326C105 9,516 392,733 SH   SOLE NONE 392,733 0 0
BRIDGEWATER BANCSHARES INC COM ACCD INV 108621103 17,036 1,614,796 SH   SOLE NONE 1,614,796 0 0
BLACKSTONE GROUP L P COM UNIT LTD 09253U108 1,615 54,160 SH   SOLE NONE 54,160 0 0
BYLINE BANCORP INC COM 124411109 23,807 1,429,003 SH   SOLE NONE 963,801 0 465,202
COASTAL FINL CORP WA COM NEW 19046P209 2,064 135,510 SH   SOLE NONE 135,510 0 0
CONNECTONE BANCORP INC NEW COM 20786W107 15,212 823,590 SH   SOLE NONE 505,144 0 318,446
CYRUSONE INC COM 23283R100 13,548 256,206 SH   SOLE NONE 41,610 0 214,596
CENTERSTATE BK CORP COM 15201P109 15,849 753,267 SH   SOLE NONE 174,505 0 578,762
ENTERPRISE FINL SVCS CORP COM 293712105 1,998 53,098 SH   SOLE NONE 8,949 0 44,149
FGL HLDGS ORD SHS G3402M102 12,026 1,805,690 SH   SOLE NONE 70,442 0 1,735,248
FIRST MID ILL BANCSHARES INC COM 320866106 2,046 64,091 SH   SOLE NONE 64,091 0 0
FIRST MIDWEST BANCORP DEL COM 320867104 20,822 1,051,081 SH   SOLE NONE 399,598 0 651,483
FVCBANKCORP INC COM 36120Q101 6,066 344,447 SH   SOLE NONE 344,447 0 0
GREEN BANCORP INC COM 39260X100 4,921 287,126 SH   SOLE NONE 164,214 0 122,912
HOULIHAN LOKEY INC CL A 441593100 8,037 218,402 SH   SOLE NONE 47,759 0 170,643
HAWTHORN BANCSHARES INC COM 420476103 9,050 430,351 SH   SOLE NONE 430,351 0 0
INTERXION HOLDING N.V SHS N47279109 12,794 236,232 SH   SOLE NONE 37,998 0 198,234
INVESTORS REAL ESTATE TR SH BEN INT 461730509 9,715 197,982 SH   SOLE NONE 46,300 0 151,682
JPMORGAN CHASE & CO COM 46625H100 18,160 186,028 SH   SOLE NONE 10,301 0 175,727
KKR & CO INC CL A 48251W104 3,188 162,422 SH   SOLE NONE 0 0 162,422
LEVEL ONE BANCORP INC COM 52730D208 4,898 218,367 SH   SOLE NONE 218,367 0 0
MERCHANTS BANCORP IND COM 58844R108 1,418 71,063 SH   SOLE NONE 58,427 0 12,636
MIDLAND STS BANCORP INC ILL COM 597742105 29,899 1,338,366 SH   SOLE NONE 955,910 0 382,456
MVB FINANCIAL CORP COM 553810102 1,782 98,763 SH   SOLE NONE 98,763 0 0
NORTHERN TR CORP COM 665859104 4,706 56,303 SH   SOLE NONE 0 0 56,303
NEW YORK CMNTY BANCORP INC COM 649445103 3,003 319,084 SH   SOLE NONE 319,084 0 0
ORIGIN BANCORP INC COM 68621T102 7,929 232,668 SH   SOLE NONE 232,668 0 0
OCEANFIRST FINL CORP COM 675234108 24,682 1,096,485 SH   SOLE NONE 368,478 0 728,007
OLD LINE BANCSHARES INC COM 67984M100 2,948 112,022 SH   SOLE NONE 112,022 0 0
OPUS BK IRVINE CALIF COM 684000102 17,587 897,752 SH   SOLE NONE 342,618 0 555,134
ORRSTOWN FINL SVCS INC COM 687380105 6,915 379,716 SH   SOLE NONE 379,716 0 0
PACWEST BANCORP DEL COM 695263103 17,381 522,277 SH   SOLE NONE 46,534 0 475,743
PACIFIC MERCANTILE BANCORP COM 694552100 15,488 2,166,085 SH   SOLE NONE 2,166,085 0 0
PNC FINL SVCS GROUP INC COM 693475105 26,412 225,915 SH   SOLE NONE 60,285 0 165,630
QCR HOLDINGS INC COM 74727A104 19,887 619,722 SH   SOLE NONE 361,181 0 258,541
SIGNATURE BK NEW YORK N Y COM 82669G104 28,077 273,093 SH   SOLE NONE 44,748 0 228,345
SVB FINL GROUP COM 78486Q101 14,298 75,285 SH   SOLE NONE 30,410 0 44,875
SUNTRUST BKS INC COM 867914103 18,377 364,328 SH   SOLE NONE 26,631 0 337,697
STERLING BANCORP DEL COM 85917A100 8,429 510,560 SH   SOLE NONE 28,529 0 482,031
TOWNEBANK PORTSMOUTH VA COM 89214P109 2,798 116,832 SH   SOLE NONE 0 0 116,832
UMPQUA HLDGS CORP COM 904214103 8,048 506,168 SH   SOLE NONE 294,583 0 211,585
UNIVEST CORP PA COM 915271100 21,815 1,011,362 SH   SOLE NONE 423,340 0 588,022
VERITEX HLDGS INC COM 923451108 22,941 1,072,994 SH   SOLE NONE 427,815 0 645,179
WESTERN ALLIANCE BANCORP COM 957638109 29,961 758,697 SH   SOLE NONE 337,831 0 420,866
WEX INC COM 96208T104 5,112 36,497 SH   SOLE NONE 6,063 0 30,434
WORLDPAY INC CL A 981558109 9,937 130,020 SH   SOLE NONE 20,028 0 109,992
WSFS FINL CORP COM 929328102 10,202 269,115 SH   SOLE NONE 67,606 0 201,509
ZIONS BANCORPORATION N A COM 989701107 24,040 590,075 SH   SOLE NONE 106,583 0 483,492