KSL Capital Partners, a prominent investor in the travel and leisure sector, announced the final closing of its latest private equity fund, KSL Capital Partners VI, L.P. (KSL VI), amassing approximately $2 billion in capital commitments.
The fund drew support from a wide array of investors, including state and corporate pension funds, sovereign wealth funds, endowments, foundations, insurance companies, asset managers, and family offices, highlighting a strong interest in the travel and leisure investment space.
This milestone is part of KSL Capital Partners’ broader initiative, launched in late 2021, to raise new funds across multiple investment strategies, including Private Equity, Credit, and Tactical Opportunities. Since October 2021, the firm has successfully raised over $10.5 billion across these platforms.
Eric Resnick, CEO of KSL Capital Partners, expressed satisfaction with the fundraising efforts, emphasizing the firm’s achievement in providing returns to existing investors through the creation of single asset continuation vehicles for notable entities like Ross Aviation and Alterra Mountain Company. The latter stands as one of the largest continuation vehicles completed to date.
“Our investors have positioned us well to capture unique opportunities in the travel and leisure market, benefiting from our deep operational expertise,” Resnick stated, acknowledging the support from investors across KSL’s strategies.
Ana Goizueta, Head of Investor Relations & Marketing at KSL, highlighted the team’s accomplishment in raising significant capital amidst a challenging fundraising environment.
She pointed to the firm’s long-standing focus on the travel and leisure sector and the strategic deployment of capital across equity, credit, and tactical opportunities as key factors in their success.
Legal counsel for KSL and the Fund was provided by Simpson Thacher & Bartlett LLP.
KSL Capital Partners, LLC specializes in investments within the travel and leisure industry, focusing on five primary sectors: hospitality, recreation, clubs, real estate, and travel services.
With offices in Denver, Stamford, New York, and London, KSL invests through equity, credit, and tactical opportunities funds, managing a portfolio of premier travel and leisure properties. – PEVCJournal.com