Stieven Capital Advisors manages private investment funds, including U.S. and offshore funds. The firm focuses on investments in U.S. financial institutions, primarily bank holding companies, REITs, and other financial-related companies. Stieven seeks long positions in companies with solid management and earnings growth, as well as undervalued securities. The firm may also take short positions based on macroeconomic conditions and corporate events. Investments are typically concentrated in companies with market capitalizations of $200 million to $25 billion.
Fee Structure
Stieven Capital Advisors manages investments for private pooled investment vehicles (funds). The U.S. Fund pays a quarterly management fee of 0.25% (1.0% annualized) of the capital account balance. The Offshore Fund pays a quarterly management fee of 0.25% (1.0% annualized) of the net asset value. Both funds also pay an incentive allocation/fee of 20% of net realized and unrealized capital appreciation, subject to certain conditions.