KSL Capital Partners Closes $2.7 Billion Private Equity Fund
DENVER – KSL Capital Partners, LLC (“KSL”) has completed the final closing of its latest travel and leisure focused private equity fund, KSL Capital Partners V, L.P. (“KSL V” or the “Fund”). Together with commitments from the General Partner, KSL V has capital commitments of $2.7 billion. Surpassing the size of KSL’s prior private equity fund, KSL V is backed by a diverse group of existing and new investors including state pension funds, corporate pension funds, sovereign wealth funds, endowments, foundations, insurance companies and family offices.
“We are grateful to our Limited Partners for their continued support, and are eager to build on our prior success,” said Eric Resnick, CEO of KSL Capital Partners. “We believe we are well-positioned to capitalize on the continued growth in travel and leisure and consumers’ increasing desire to invest in themselves through new experiences.”
Since the firm’s inception in 2005, KSL has raised approximately $12 billion in equity and debt commitments. Investment committee participants include Coley Brenan, John Ege, Craig Henrich, Charlie Martin, Peter McDermott, Jared Melnik, Michael Mohapp, Martin Newburger, Eric Resnick, Dan Rohan, Kevin Rohnstock, Hal Shaw, Steven Siegel, Bryan Traficanti and Richard Weissmann. Simpson Thacher & Bartlett LLP served as counsel to KSL and the Fund.
ABOUT KSL CAPITAL PARTNERS, LLC
KSL is a private equity firm specializing in travel and leisure enterprises in five primary sectors: hospitality, recreation, clubs, real estate and travel services. KSL has offices in Denver, Colorado; London, England; and Stamford, Connecticut. For additional information, please see www.kslcapital.com.