KSL Capital Partners has held a final close of its second tactical opportunities fund, KSL Capital Partners Tactical Opportunities II LP (Tac Opps II), with $1.44 billion in capital.
Tac Opps II closed at its hard cap and was markedly higher than its original $1 billion target. Limited partners in the new fund include institutional and private investors such as sovereign wealth funds, public pension plans, foundations, asset managers, and family offices.
Like its predecessor fund, Tac Opps II will invest in companies operating in the travel and leisure sectors.
“We are proud to have earned the confidence of both new and returning investors,” said Dan Rohan, a partner and head of Tactical Opportunities. “Our Tac Opps strategy was established to provide strategic partnership capital to highly differentiated travel and leisure businesses, and we are excited to expand those partnerships through Tac Opps II.”
KSL Capital Partners invests equity capital and mezzanine debt in travel and leisure companies that operate in five primary sectors: hospitality, recreation, clubs, real estate, and travel services. The firm was founded by Eric Resnick and Mike Shannon in 2005 and has offices in Denver, New York City, Stamford, and London. Since its founding, KSL has invested in over 190 businesses and is currently investing from KSL Capital Partners VI LP, KSL Credit Fund IV LP, and KSL Tactical Opportunities II LP.
“Over the past 30 years, we have worked to build a longstanding reputation for excellence in travel and leisure investing,” said Mr. Resnick, the chief executive officer of KSL. “Through our equity, credit and tactical opportunities vehicles, our investors and partners benefit from three synergistic strategies, which offer a continuum of solutions across the capital stack.”
Simpson Thacher & Bartlett provided legal services in connection with the raising of Tac Opps II.
© 2025 Private Equity Professional | April 11, 2025
