LACERS commits $25m to opportunistic real estate credit fund

6/6/2025

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IREI

• Subcategory: Capital Markets: Debt, Capital Markets: Fund

• Tag: Investment | New Fund

• Additional Filters-Subcategory: Capital Markets: Credit Facility

• Company: Los Angeles City Employees Retirement System (LACERS), Mavik Capital Management

The Los Angeles City Employees’ Retirement System (LACERS) has committed up to $25 million to Mavik Real Estate Special Opportunities VS2, according to meeting materials from May 27.

Mavik Real Estate Opportunities VS2, a program of Mavik Capital Management, is a closed-end, opportunistic fund focused on commercial real estate credit in the United States. It has a fundraising goal of $515 million. Its predecessor, Mavik Real Estate Special Opportunities Fund, had a fundraising goal of $400 million and raised $335 million in equity.