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.

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.

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.

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.

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.