Ksl Capital Partners, a private equity firm specializing in travel and leisure, announced the final closing of its sixth fund, KSL Capital Partners VI, L.P. (KSL VI), with approximately $2 billion in committed capital. This substantial investment highlights the firm’s continued commitment to the travel and leisure sector.
KSL VI received backing from a diverse range of investors, including state and corporate pension funds, sovereign wealth funds, endowments, foundations, insurance companies, asset managers, and family offices. This broad investor base underscores the confidence in KSL’s investment strategy and expertise within the travel and leisure industry.
This closing marks a significant milestone in KSL’s multi-year fundraising initiative, which began in late 2021. The firm aimed to raise capital across various investment strategies, including Private Equity, Credit, and Tactical Opportunities. Since then, KSL has successfully raised over $10.5 billion, demonstrating its strong track record and ability to attract significant investment.
A key component of this fundraising effort involved returning capital to existing investors through single asset continuation vehicles for Ross Aviation and Alterra Mountain Company. The Alterra Mountain Company transaction represents one of the largest continuation vehicles completed to date. The remaining capital raised will be deployed for new investments in the travel and leisure space.
Eric Resnick, CEO of KSL Capital Partners, emphasized the firm’s belief in the current market opportunities, particularly within the travel and leisure sector. He highlighted KSL’s deep operational expertise as a key advantage in maximizing returns for its investors. The significant capital raised positions KSL to capitalize on these opportunities and further solidify its position as a leading investor in the industry.
Ana Goizueta, Head of Investor Relations & Marketing at KSL, attributed the successful fundraising to the team’s efforts, the firm’s long-standing sector focus, and the attractiveness of the travel and leisure sector for investors. KSL’s ability to deploy capital across equity, credit, and tactical opportunities allows the firm to navigate changing market conditions effectively. This diversified approach enhances KSL’s ability to identify and capitalize on attractive investment opportunities across the travel and leisure landscape.
Simpson Thacher & Bartlett LLP provided legal counsel to KSL and the Fund throughout the fundraising process.
KSL Capital Partners focuses on five primary sectors within the travel and leisure industry: hospitality, recreation, clubs, real estate, and travel services. The firm operates from offices in Denver, Stamford, New York, and London, leveraging its global presence to source and manage investments worldwide. KSL’s current portfolio boasts some of the most prestigious properties in the travel and leisure sector, reflecting the firm’s commitment to investing in high-quality assets.
KSL Capital Partners invests through three primary strategies: equity, credit, and tactical opportunities funds. This multi-faceted approach allows the firm to adapt to market dynamics and pursue a wide range of investment opportunities within the travel and leisure industry. By leveraging its expertise and flexible investment strategies, KSL strives to deliver strong returns for its investors and contribute to the growth of the travel and leisure sector.
