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Laxman Pai, Opalesque Asia: Travel-focused PE shop KSL Capital Partners has completed fundraising for its latest private equity fund after securing $1.26 billion of commitments from partners.
The travel and leisure-focused private equity firm said in a media release that the fund, called KSL Capital Partners Credit Opportunities Fund IV LP, hit its hard cap and exceeded the firm's initial goal of $1 billion.
Investors in Credit Fund IV include a diverse group of state and county pension funds, corporate pension funds, sovereign wealth funds, endowments, foundations, and insurance companies.
"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," said Craig Henrich, Partner and Head of Credit at KSL Capital Partners.
"Travel and leisure businesses have shown to be resilient throughout economic cycles, and we are excited about the opportunity ahead to deepen our current partnerships and build new partnerships with many of the respected owners in the sector," Craig added.
KSL has offices in Denver, Colorado; Stamford, Connecticut; New York, New York; and London, England. KSL invests across three primary strategies through its equity, credit, and tactical opportunities funds.
"Given our over 30-year history of owning and operating travel and leisure businesses, we be...................... To view our full article Click here
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