Mavik, a multistrategy, credit-oriented investment firm focused on special situations commercial real estate and hard assets across North America, has closed its second closed-end fund, Mavik Real Estate Special Opportunities VS2 (VS2), with $685 million in total commitments. VS2 significantly exceeded its $515 million target, reflecting Mavik’s strong performance and highly compelling opportunity set as the U.S. enters the fourth year of a higher-rate environment that has stoked widespread dislocation across commercial real estate.
Mavik raised VS2 in approximately a year, a compressed timeframe in today’s challenging fundraising environment. VS2’s final close came less than three years after its predecessor fund, VS1, which had $335 million in total commitments and has achieved top quartile performance for funds of its vintage. The fund drew strong support from a broad range of institutional investors, including more than 25 public pensions, as well as consultants, fa
