Alternative investment firm KSL Capital Partners has closed its latest tactical opportunities fund, KSL Capital Partners Tactical Opportunities II, with total capital commitments of $1.44bn, including contributions from the General Partner.
The fund reached its hard cap, significantly exceeding its initial $1bn target, and attracted strong support from a diverse group of institutional and private investors, including public pension funds, sovereign wealth funds, foundations, asset managers and family offices.
KSL is a private equity firm specialising in travel and leisure enterprises in five primary sectors: hospitality, recreation, clubs, real estate and travel services. It invests across three primary strategies through its equity, credit and tactical opportunities funds.
“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,” said Dan Rohan, Partner and Head of Tactical Opportunities.
The firm has offices in Denver, Colorado; Stamford, Connecticut; New York, New York; and London, England.
