Jcsd Capital, LLC

JCSD Capital, LLC is a registered investment adviser with the SEC, established in 2004 by principal owner Steven J. Didion. The firm specializes in serving as a general partner and investment adviser to private investment funds, focusing on equity investments in the financial services industry, particularly banking companies. Clients' investment objective is to create long-term value through identifying attractive strategies and exploiting market inefficiencies. JCSD has discretion over client investments and does not participate in wrap fee programs. The firm manages over $105 million in discretionary assets as of December 31, 2022. Fees are negotiable, with a typical 1.0% annual management fee and a 20% special profit allocation. JCSD may receive research and other services through soft dollar arrangements. Clients must meet a minimum initial investment of $500,000, subject to waiver. The firm has not been involved in criminal or civil actions, except for a settlement with the SEC in 2012. JCSD's investment strategies involve fundamental, technical, and cyclical analysis, with a focus on risk management. Clients receive annual reports and audited financial statements. JCSD exercises voting authority over client securities and has adopted proxy voting policies to act in clients' best interests. The firm has no financial conditions impairing its ability to meet commitments and has not filed for bankruptcy in the last ten years.