KSL Capital Partners has completed the final closing of its latest travel and leisure focused private equity fund, KSL Capital Partners IV, with total commitments of USD2.677 billion, including the commitment of the General Partner.
Fund IV took less than a year to raise, with demand from both existing and new investors significantly surpassing the Fund’s original target amount of USD2.25 billion. Investors in KSL IV include a diverse group of state pension funds, corporate pension funds, sovereign wealth funds, endowments, foundations, insurance companies and family offices.
“KSL IV 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 all of our limited partners.”
“Similar to our prior private equity and credit funds, KSL IV will target investments exclusively in the travel and leisure sector globally,” says Eric Resnick (pictured), CEO of KSL Capital Partners. “KSL IV 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 all of our limited partners.”
KSL was founded by Eric Resnick and firm Chairman Mike Shannon in 2005. Since the firm’s inception, KSL has raised in excess of USD7 billion in equity and debt commitments. In addition to the founding partners, KSL’s investment committee members include Coley Brenan, John Ege, Craig Henrich, Peter McDermott, Martin Newburger, Dan Rohan, Bernard Siegel, Steven Siegel, Bryan Traficanti and Richard Weissmann.
