KSL Capital Partners, LLC (“KSL”), a prominent private equity firm specializing in the travel and leisure industry, has announced the successful final closing of its latest fund, KSL Capital Partners VI, L.P. (“KSL VI”). The fund reached approximately $2 billion in capital commitments, including contributions from the General Partner, signaling strong investor confidence in KSL’s focused strategy and market expertise. This achievement underscores Ksl Capital Partners Llc‘s leadership in attracting significant investment for the travel and leisure sector.
The investor base for KSL VI is diverse, encompassing a mix of both existing and new partners. These include state and corporate pension funds, sovereign wealth funds, endowments, foundations, insurance companies, asset managers, and family offices. The broad range of investor types highlights the widespread appeal of KSL Capital Partners LLC‘s investment approach and the perceived potential of the travel and leisure market.
This fund closing is part of a larger strategic initiative by KSL Capital Partners LLC. Starting in late 2021, the firm set out to raise capital across its various investment strategies, spanning Private Equity, Credit, and Tactical Opportunities. Remarkably, since October 2021, KSL has successfully raised over $10.5 billion across these different vehicles, demonstrating exceptional fundraising capabilities and investor trust.
Eric Resnick, CEO of KSL Capital Partners LLC, commented on this achievement, stating, “When we began fundraising, we set out an ambitious goal of raising capital for each of our strategies in a compressed timeframe.” He further explained a key objective was “to provide a return of capital to our existing investors,” which was achieved through single asset continuation vehicles for Ross Aviation and Alterra Mountain Company. The remaining capital is designated for new investments, positioning KSL Capital Partners LLC to capitalize on current market conditions. Resnick emphasized, “Our investors have positioned us well to take advantage of what we believe is a unique time in the market, particularly for travel and leisure businesses where we are able to leverage our deep operational expertise.”
Ana Goizueta, Head of Investor Relations & Marketing at KSL Capital Partners LLC, also shared her perspective. “We are incredibly proud of our team’s efforts in this challenging fundraising environment,” she noted. Goizueta believes the successful capital raise reflects the firm’s “long-standing sector focus” and investors’ recognition of “the attractiveness of travel and leisure as an investment sector.” With capital available across equity, credit, and tactical opportunities, KSL Capital Partners LLC is well-equipped to navigate and leverage evolving market dynamics.
About KSL Capital Partners LLC
KSL Capital Partners LLC is a leading private equity firm exclusively focused on travel and leisure investments. The firm’s investment scope covers five primary sectors within this dynamic industry: hospitality, recreation, clubs, real estate, and travel services. With offices strategically located in Denver, Colorado; Stamford, Connecticut; New York, New York; and London, England, KSL Capital Partners LLC maintains a global perspective and reach. The firm deploys capital through three main strategies: equity, credit, and tactical opportunities funds, offering flexible investment solutions. KSL Capital Partners LLC boasts a portfolio that includes some of the most prestigious properties and businesses in the travel and leisure landscape. More detailed information can be found on their website: www.kslcapital.com.
In conclusion, the successful closing of KSL Capital Partners VI, L.P. marks a significant milestone for KSL Capital Partners LLC. This $2 billion fund, along with the firm’s overall fundraising success, positions them as a dominant force in travel and leisure private equity. Their sector-specific expertise, diverse investment strategies, and strong investor backing solidify KSL Capital Partners LLC‘s ability to drive value and capitalize on opportunities within the evolving global travel and leisure market.
