KSL Capital Partners (KSL), a PE firm specialising in travel and leisure enterprises, has completed the final close of its fourth private credit fund, KSL Capital Partners Credit Opportunities Fund IV (Credit Fund IV), with total commitments of $1.26bn, exceeding its $1bn target.
KSL operates across five key sectors: hospitality, recreation, clubs, real estate and travel services.
In a statement, Craig Henrich, Partner and Head of Credit at KSL, said: “Similar to our prior credit funds, Credit Fund IV will seek to provide flexible capital solutions exclusively in the travel and leisure sector with a primary focus on high barrier to entry urban and resort destinations across the United States.”
“Travel and leisure businesses have shown to be resilient throughout economic cycles.”
The firm’s current portfolio includes Cameron House, the seventeenth-century castle resort in Loch Lomond, Scotland, Camelback Resort in Pennsylvania, USA and Four Points by Sheraton in Sydney, Australia.
