About This Fund
Mavik Real Estate Special Opportunities VS2 is the second installment in Mavik Capital Management's real estate private credit series. The fund achieved a $350 million first close, representing 68% of its $515 million target, within six months of launch. It aims to capitalize on complex, off-market opportunities across the U.S. real estate sector, focusing on assets with distressed or intricate capital structures. Building upon the strategy of its predecessor, VS1, which closed with $335 million in commitments in 2023, VS2 continues to pursue investments across the capital structure, including first mortgages, mezzanine loans, and preferred equity. The fund targets sectors such as mixed-use, hospitality, and industrial properties, seeking to provide rescue and special situations capital where traditional financing is unavailable. Mavik's approach emphasizes downside protection and multiple repayment pathways, aiming for asymmetric risk-adjusted returns. With a typical deal size ranging from $10 million to $30 million, and the capacity to commit up to $50 million, VS2 is designed to navigate the complexities of the current real estate market and deliver value to its investors.