Travel and leisure investor KSL Capital Partners has held a final close of KSL Capital Partners IV, LP with total commitments of $2.7 billion. The new fund took less than a year to raise and demand from both existing and new investors exceeded the $2.25 billion target.
Investors in KSL IV include the usual collection of institutional investors such as state pension funds, corporate pension funds, sovereign wealth funds, endowments, foundations, insurance companies and family offices.
“Similar to our prior private equity and credit funds, KSL IV will target investments exclusively in the global travel and leisure sector,” said Eric Resnick, CEO of KSL Capital Partners. “This new fund garnered significant interest from our existing investor base and accepted commitments from a select group of new investors. We are grateful for the support shown by our limited partners.”
KSL 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, London, and Stamford (www.kslcapital.com).
© 2015 PEPD • Private Equity’s Leading News Magazine • 9-28-15