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
AMERIPRISE FINL INC COM 03076C106 5,192 40,534 SH   SOLE   40,534 0 0
APOLLO GLOBAL MGMT LLC CL A SHS 037612306 6,074 215,000 SH   SOLE   215,000 0 0
ARES MANAGEMENT CORPORATION CL A COM STK 03990B101 6,383 275,000 SH   SOLE   275,000 0 0
ASSURANT INC COM 04621X108 7,656 80,668 SH   SOLE   80,668 0 0
ATHENE HLDG LTD CL A G0684D107 8,700 213,233 SH   SOLE   213,233 0 0
BAIN CAP SPECIALTY FIN INC COM 05684B107 2,466 127,762 SH   SOLE   127,762 0 0
BANC OF CALIFORNIA INC COM 05990K106 2,076 150,000 SH   SOLE   150,000 0 0
BANK7 CORP COM 06652N107 660 37,998 SH   SOLE   37,998 0 0
BANKUNITED INC COM 06652K103 4,378 131,082 SH   SOLE   131,082 0 0
BARINGS BDC INC COM 06759L103 883 90,000 SH   SOLE   90,000 0 0
BAYCOM CORP COM 07272M107 2,227 98,344 SH   SOLE   98,344 0 0
BLACKROCK TCP CAP CORP COM 09259E108 3,299 232,679 SH   SOLE   232,679 0 0
BLACKSTONE GROUP L P COM UNIT LTD 09253U108 5,246 150,000 SH   SOLE   150,000 0 0
CADENCE BANCORPORATION CL A 12739A100 9,268 499,646 SH   SOLE   499,646 0 0
CAPITAL BANCORP INC MD COM 139737100 557 47,900 SH   SOLE   47,900 0 0
CAPITAL ONE FINL CORP COM 14040H105 12,267 150,165 SH   SOLE   150,165 0 0
CAROLINA TR BANCSHARES INC COM 14422P105 2,363 288,203 SH   SOLE   288,203 0 0
CITIZENS CMNTY BANCORP INC M COM 174903104 1,556 130,393 SH   SOLE   130,393 0 0
CONNECTONE BANCORP INC NEW COM 20786W107 4,613 234,187 SH   SOLE   234,187 0 0
COREPOINT LODGING INC COM 21872L104 7,486 670,211 SH   SOLE   670,211 0 0
CUSHMAN WAKEFIELD PLC SHS G2717B108 8,416 472,815 SH   SOLE   472,815 0 0
EAGLE BANCORP MONT INC COM 26942G100 2,377 140,313 SH   SOLE   140,313 0 0
EAST WEST BANCORP INC COM 27579R104 4,052 84,463 SH   SOLE   84,463 0 0
ENTEGRA FINL CORP COM 29363J108 1,040 46,335 SH   SOLE   46,335 0 0
ESSENT GROUP LTD COM G3198U102 6,096 140,300 SH   SOLE   140,300 0 0
ESSENTIAL PPTYS RLTY TR INC COM 29670E107 4,456 228,299 SH   SOLE   228,299 0 0
FIRST INTERNET BANCORP COM 320557101 75 3,896 SH   SOLE   3,896 0 0
FS KKR CAPITAL CORP COM 302635107 7,369 1,217,947 SH   SOLE   1,217,947 0 0
GALLAGHER ARTHUR J & CO COM 363576109 3,124 40,000 SH   SOLE   40,000 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 7,209 145,000 SH   SOLE   145,000 0 0
HAWTHORN BANCSHARES INC COM 420476103 890 38,310 SH   SOLE   38,310 0 0
HEALTH INS INNOVATIONS INC COM CL A 42225K106 402 15,000 SH   SOLE   15,000 0 0
HOULIHAN LOKEY INC CL A 441593100 4,585 100,000 SH   SOLE   100,000 0 0
INTERNATIONAL MNY EXPRESS IN COM 46005L101 1,089 93,375 SH   SOLE   93,375 0 0
ISTAR INC COM 45031U101 7,578 900,000 SH   SOLE   900,000 0 0
MACKINAC FINL CORP COM 554571109 1,060 67,350 SH   SOLE   67,350 0 0
MEDLEY MGMT INC CL A COM 58503T106 31 9,066 SH   SOLE   9,066 0 0
MID PENN BANCORP INC COM 59540G107 950 38,763 SH   SOLE   38,763 0 0
NAVIENT CORPORATION COM 63938C108 7,778 672,215 SH   SOLE   672,215 0 0
NCR CORP NEW COM 62886E108 7,155 262,200 SH   SOLE   262,200 0 0
NET 1 UEPS TECHNOLOGIES INC COM NEW 64107N206 180 50,000 SH   SOLE   50,000 0 0
OHA INVT CORP COM 67091U102 557 464,204 SH   SOLE   464,204 0 0
OLD REP INTL CORP COM 680223104 3,138 150,000 SH   SOLE   150,000 0 0
OPUS BK IRVINE CALIF COM 684000102 495 25,000 SH   SOLE   25,000 0 0
PACIFIC MERCANTILE BANCORP COM 694552100 855 112,228 SH   SOLE   112,228 0 0
PEOPLES BANCORP N C INC COM 710577107 151 5,669 SH   SOLE   5,669 0 0
PRIORITY TECHNOLOGY HLDGS IN COM 74275G107 1,152 173,752 SH   SOLE   173,752 0 0
RE MAX HLDGS INC CL A 75524W108 5,355 138,952 SH   SOLE   138,952 0 0
REALPAGE INC COM 75606N109 7,339 120,927 SH   SOLE   120,927 0 0
RIVERVIEW FINL CORP NEW COM 76940Q105 777 67,564 SH   SOLE   67,564 0 0
SB FINL GROUP INC COM 78408D105 474 26,324 SH   SOLE   26,324 0 0
SVB FINL GROUP COM 78486Q101 7,668 34,483 SH   SOLE   34,483 0 0
SYNOVUS FINL CORP COM NEW 87161C501 6,846 199,253 SH   SOLE   199,253 0 0
TOTAL SYS SVCS INC COM 891906109 8,551 90,000 SH   SOLE   90,000 0 0
USA TECHNOLOGIES INC COM NO PAR 90328S500 4,150 1,000,000 SH   SOLE   1,000,000 0 0
WALKER & DUNLOP INC COM 93148P102 7,382 145,000 SH   SOLE   145,000 0 0
WESTERN ALLIANCE BANCORP COM 957638109 6,533 159,188 SH   SOLE   159,188 0 0
WILLIS TOWERS WATSON PUB LTD SHS G96629103 5,270 30,000 SH   SOLE   30,000 0 0
WINTRUST FINL CORP COM 97650W108 8,416 125,000 SH   SOLE   125,000 0 0