Hovde Organization

About The Fund

The Hovde Organization, founded in 1987, is an established entity that primarily concentrates on the financial services sector, offering services in investment banking, asset management, and private equity. They function under the umbrella of Hovde Global Asset Management, LLC, which stands as a merchant banking and investment firm dedicated to making strategic investments in a range of financial services companies, including banks and thrifts, within the United States. With a history spanning over three decades, the principals and affiliates of the Hovde Organization have participated in more than 300 merger and acquisition transactions focused on community banks, with these deals amassing an aggregate value exceeding $25 billion. Additionally, they boast a solid track record in branch transactions tallying over $7.5 billion. Their investment strategy showcases a preference for bank platforms that have a proven ability to drive organic growth and execute acquisition strategies, and this also includes FDIC-assisted transactions. When it comes to investment size, they typically target amounts ranging from $500,000 to $5,000,000. Importantly, they maintain a policy of limiting their investments to no more than 9.9% of the total capital of the respective bank or holding company. This targeted approach allows them to concentrate on fostering growth and opportunities within the financial services space while adhering to their investment principles and thresholds.