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Pension Fund Commits $1M to Mavik Real Estate Fund

City of Traverse logoCity of Traverse
Disclosed value
$1,000,000 commitment
From agendapacket
Document date
Jun 30, 2026

The 30-second brief

What it covers

The ACT 345 Retirement System has committed $1 million to Mavik for a real estate-related investment, with current invested assets around $300,000.

Who holds it

MAVIK holds this financial services contract with City of Traverse. Its other public contracts on record include work for City of Ormond Beach and Louisiana Assessors Retirement System Board of Trustees | State of Louisiana.

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Contract details

Contract type
Financial Services
Amount
$1,000,000 commitment
Document date
June 30, 2026
Vendor
MAVIK
Agency
City of Traverse
Source document
Traverse City ACT 345 Retirement System Board AgendaPacket 2026-06-30 (AgendaPacket)

MAVIK's other public contracts

City of Traverse, MichiganPension System Commits $1M to Mavik Real Estate Fund · Jun 30, 2026City of Ormond Beach, FloridaPension Boards to Review Mavik Investments · Aug 22, 2025UndisclosedLouisiana Assessors Retirement System Board of Trustees | State of Louisiana, LouisianaBoard Requests Mavik Investment Presentation · Jul 22, 2025UndisclosedCity of Traverse, MichiganBoard Commits $1M to Mavik Real Estate Investment · Jun 24, 2025City of Traverse, MichiganMavik awarded $1M investment commitment · May 27, 2025$1MAll MAVIK contractsVendor profile

More City of Traverse contracts

TARTTrail Restoration Funding Approved for TART Project · Oct 21, 2026900 NorthGateway Sculptures Project Continues With 900 North · Oct 21, 2026Traverse Area Community SailingTraverse Area Community Sailing Agreement Under Review · Oct 21, 2026UndisclosedMccabe, EricDisc Golf Design Work Recommended with Eric McCabe · Oct 21, 2026UndisclosedUp North Disc Golf AssociationDisc Golf Design Coordination Recommended with Up North Association · Oct 21, 2026UndisclosedAll City of Traverse activityAgency profile

Questions about this contract

Who was awarded the financial services contract by City of Traverse?

MAVIK was awarded this financial services contract by City of Traverse, as recorded on June 30, 2026. The contract value is $1,000,000 commitment.

How much is the MAVIK contract with City of Traverse worth?

The MAVIK contract with City of Traverse is valued at $1,000,000 commitment, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Traverse City ACT 345 Retirement System Board AgendaPacket 2026-06-30 (AgendaPacket), dated June 30, 2026 from City of Traverse. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does MAVIK hold?

MAVIK may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is City of Traverse currently buying?

Explore City of Traverse's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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