North Reef Capital Management Acquires 7.13% Stake in First Foundation Inc. (FFWM)

North Reef Capital Management LP, along with North Reef Capital Management GP LLC and James Hanna, III, filed a Schedule 13G/A on May 15, 2026, regarding their holdings in First Foundation Inc. (FFWM). The filing reports a beneficial ownership of 5,911,778 shares of common stock, representing a 7.13% stake in the company. This reflects an increase from a previously reported 0.0% ownership position as of the event date of March 31, 2026. The reporting persons share voting and dispositive power over the reported shares. The securities were acquired in the ordinary course of business and were not held for the purpose of changing or influencing the control of the issuer. The filing includes a joint filing agreement among the reporting entities, which are based in Laguna Beach, California, and Irving, Texas. The transaction marks a significant new position for the investment manager in the financial services firm.