SouthState Corporation

Overview

SouthState Corporation is a financial services company headquartered in Winter Haven, Florida, offering a comprehensive range of banking and financial solutions. The company provides consumer, commercial, mortgage, and wealth management services to over one million customers across multiple states, including Florida, Texas, the Carolinas, Georgia, Colorado, Alabama, and Virginia. SouthState's strategic expansion into Texas and Colorado through the acquisition of Independent Bank Group in January 2025 has significantly increased its total assets to approximately $65 billion, enhancing its presence in high-growth markets. The merger has also bolstered the company's capital position, with a Common Equity Tier 1 (CET1) ratio of 11%, providing flexibility for future growth initiatives. Additionally, SouthState has demonstrated a commitment to shareholder returns by maintaining consecutive dividend increases, with a 3.85% dividend growth over the last twelve months. The company's diversified portfolio spans various industries, including banking, financial services, real estate, healthcare, technology, and more, reflecting its broad investment focus. SouthState's proactive approach to strategic acquisitions, such as the merger with Independent Bank Group, underscores its dedication to expanding its market footprint and enhancing shareholder value. The company's strong capital ratios and disciplined financial management position it well to navigate economic uncertainties and capitalize on growth opportunities in the evolving financial landscape.

Investment Focus

• Minimum investment of $1,000,000
• Maximum investment of $50,000,000
• Focus on growth, late-stage, pre-IPO, buyout, turnaround, and distressed investment stages
• Interest in asset classes including fixed income, hedge funds, private equity, real estate, and venture capital
• Geographical focus on the United States, particularly Texas, Colorado, South Carolina, Georgia, Florida, North Carolina, Alabama, Virginia
• Diversified industry interests spanning banking, financial services, real estate, healthcare, technology, retail, energy, manufacturing, consumer goods, telecommunications, transportation, media, utilities, education, and agriculture