KSL Capital Partners (KSL), a private investment firm focused on travel and leisure businesses, has held the final closing of a single-asset continuation vehicle for Alterra Mountain Company (Alterra) with total commitments of over $3bn.
The vehicle, which attracted support from astate and county pension funds, corporate pension funds, sovereign wealth funds, endowments, foundations and insurance companies, allows KSL to return capital to LPs.
Established through a joint venture with an affiliate of Henry Crown & Company, Alterra was formed in July 2017 with the combination of Intrawest Resorts, Mammoth Resorts, Palisades Tahoe and Deer Valley Resort. In 2018, Alterra created the Ikon Pass, which gives skiers and riders access to over 50 mountain destinations around the world.
