Pl Capital Advisors, LLC

PL Capital Advisors, LLC is a Delaware limited liability company established in January 2006, specializing in providing investment advice to private investment funds focused on the banking sector. The firm is controlled by John W. Palmer and Richard J. Lashley, who manage six private investment funds, including PL Capital Plus Fund, L.P., and PL Capital / Black Maple Financial Fund, L.P. The firm's investment strategy involves generating total return through opportunistic investments in equity securities issued by banks and bank holding companies. PL Capital Advisors manages approximately $305,119,237 in assets on a discretionary basis as of December 31, 2024, with a minimum investment requirement of $250,000 for most funds. The fee structure includes a management fee of 0.25% of net assets and an additional annual compensation of $15,000 per investor. Performance-based fees of 20% of net profits are also charged quarterly. The firm engages in shareholder activism and uses fundamental research to identify investment opportunities. PL Capital Advisors has a code of ethics to ensure the interests of clients are prioritized and does not participate in wrap fee programs. The firm has no disciplinary events and uses BTIG, LLC as the prime broker and Goldman, Sachs & Co. as the qualified custodian for the Funds' assets. Clients' securities are voted on by PL Capital Advisors in their best interest, and the firm's proxy voting policy is available upon request.