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Mavik Capital Management
Vikram Pandit founded Mavik Capital Management to target dislocated private credit and real estate opportunities in the US.
Mavik Capital Management
Mavik Capital Management emerged after Vikram Pandit stepped away from Citigroup in 2012, drawing on his decades of experience navigating global banking and risk. While Pandit has invested in other ventures, Mavik represents his primary platform for direct principal investing. The firm operates from New York, pursuing a mandate that blends opportunistic credit with real estate — a combination that mirrors the balance-sheet recovery trades Pandit once oversaw at Citigroup after the 2008 financial crisis. The firm targets middle-market private credit, specialty lending platforms, and commercial real estate equity, often in situations involving complexity or capital-structure dislocation. Mavik focuses on US investment opportunities where traditional bank financing has retreated, including bridge lending, structured credit, and value-add real estate acquisitions. Geographic coverage emphasizes major US metropolitan markets and regions undergoing significant demographic or economic shifts, with a particular focus on multifamily, industrial, and select office repositioning plays. The firm maintains a low public profile, with limited disclosure of its total assets under management or team size. Pandit is the named principal, and the organization appears to operate with a lean, investment-focused team rather than a large institutional infrastructure. Mavik does not publicly maintain adjacent philanthropic vehicles under the firm name, though Pandit's broader family activities include the Pandit Family Foundation. Mavik's structural differentiator is its operator: a former global bank CEO deploying a personal-investment mandate that applies institutional-scale sourcing and risk-management discipline to middle-market dislocation. Unlike most emerging credit managers, Pandit brings relationships formed at the highest levels of global finance alongside direct experience managing a $2 trillion balance sheet through a systemic crisis. That background shapes underwriting and portfolio construction in ways that benchmark-driven allocators cannot easily replicate.
General information
Firm type
Asset Manager
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Principals
Vikram S. Pandit
Founder and Chairman
Sector focus
Frequently asked questions
Who is behind Mavik Capital Management?
The firm was founded by Vikram S. Pandit, who served as CEO of Citigroup from 2007 to 2012. Pandit steered Citi through the 2008 financial crisis and the subsequent restructuring, before founding Mavik as his primary direct-investing platform. His background in complex risk management and global banking shapes the firm's focus on middle-market credit and real estate.
What does Mavik Capital Management invest in?
Mavik targets private credit, specialty lending, and commercial real estate equity. The firm concentrates on middle-market opportunities where traditional bank capital has pulled back, typically deploying in bridge lending, structured credit, and value-add real estate assets across major US metropolitan markets.
How does Vikram Pandit's background at Citigroup influence Mavik's investment approach?
Pandit managed a roughly $2 trillion balance sheet during the most acute phase of the global financial crisis, an experience that gives Mavik a distinct lens on underwriting credit risk and capital-structure complexity. The firm explicitly targets 'dislocated opportunities' — situations requiring the kind of balance-sheet thinking and restructuring judgment that Pandit applied at scale inside a systemically important bank.
Is Mavik structured as a family office or a traditional asset manager?
Mavik operates as a private investment firm that blends characteristics of both. It deploys Pandit's personal capital alongside institutional and family-office co-investors, but maintains a deliberately low public profile with no disclosed external fundraising cycles or commingled fund vehicles. The structure allows flexibility to hold assets through cycles that institutional funds with fixed durations cannot match.
What differentiates Mavik from other credit and real estate managers?
The primary differentiator is the founder's identity and network. Most emerging credit managers lack experience running a global bank. Pandit's relationships with sovereign wealth funds, family offices, and senior financial executives — built over three decades — create sourcing and co-investment channels that competitors without that Rolodex cannot replicate.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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