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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
CASCADE BANCORP COM NEW 147154207 63,690 11,496,411 SH   SOLE   11,496,411 0 0
HIGHER ONE HLDGS INC COM 42983D104 34,223 6,697,218 SH   SOLE   6,697,218 0 0
YADKIN FINL CORP COM 984305102 57,597 2,295,629 SH   SOLE   2,295,629 0 0