Opportunistic Real Estate and Hard Asset Credit at Mavik – Vik Uppal (EP.525)
Vik Uppal, Founder and CIO of Mavik Capital Management, discusses his evolution from building real estate as a teenager in Minnesota to leading a $2 billion flexible special situations credit firm. He outlines Mavik's core philosophy of maintaining firm-wide alignment, avoiding rigid asset mandates to pursue mispriced middle-market credit, and exercising patience during market bubbles. Uppal also details why Mavik is capitalizing on commercial real estate recapitalizations while deliberately sitting out the frenzy around AI data centers and power infrastructure.
- Mavik Capital Management manages $2 billion in flexible special situations credit, hunting for mispriced middle-market debt while avoiding asset mandates that force capital into crowded trades. Read →
- Vik Uppal acquired Terra Capital Partners in February 2018 to bypass early fund drag, restructuring it into Mavik Capital Management to manage $2 billion in credit. Read →
- Vik Uppal built Mavik Capital Management to $2 billion by avoiding rigid asset buckets, hunting for mispriced credit that slips between traditional institutional silos. Read →
- Vik Uppal, who built real estate assets as a Minnesota teenager and now runs $2 billion credit shop Mavik Capital Management, has rejected every AI data center and power deal shown to his firm. Read →
- Vik Uppal built a 48-unit apartment complex in Minnesota alongside his father at age 18 before moving into commercial redevelopment. Read →