Maverick Real Estate Partners has closed its latest real estate credit fund, Maverick Lien Fund VI, with $317.6 million in total equity commitments.
The fund exceeded its original fundraising target of $275 million with the backing of a diverse group of limited partners, including public pension plans, university endowments, foundations, family offices and high-net-worth investors.
“We are incredibly fortunate to have such high quality limited partners, who through their diligence, support, and advice, have kept Maverick sharp and focused on our core mission to capitalize on unique real estate credit opportunities within New York City,” said David Aviram, co-founder and principal of Maverick. “Almost two years into the onset of COVID-19, New York City continues to experience a market dichotomy of ‘haves’ and ‘have nots’, winners and losers, distress and success. Maverick’s investment approach, which utilizes massive data-ingestion and analysis, permits