KKR Real Estate Lender’s Woes Attract Distressed Investor Mavik

Markets Contact us:Provide news feedback or report an error Confidential tip?Send a tip to our reporters Site feedback:Take our Survey By Patrick Clark August 18, 2026 at 8:08 PM UTC A hedge fund that specializes in commercial real estate distress is betting that a lender managed by KKR & Co. is likely to sell its loan portfolio at or around book value. Mavik Capital Management disclosed that it has a 5.4% stake in KKR Real Estate Finance Trust Inc. , which invests in commercial mortgages. Also known as KREF, it said last month that it was exploring strategic options including a merger or a sale of the company even as it seeks to resolve troubled legacy loans and reposition its portfolio.