KSL Capital Partners, LLC, completed the final closing of its latest travel and leisure focused private equity fund, at $2.677 billion.
KSL Capital Partners IV, L.P. IV took less than a year to raise, with demand from both existing and new investors significantly surpassing its original target amount of $2.25 billion. Investors include a diverse group of state pension funds, corporate pension funds, sovereign wealth funds, endowments, foundations, insurance companies and family offices.
Founded by CEO Eric Resnick and Chairman Mike Shannon in 2005, KSL Capital Partners is a private equity firm specializing in travel and leisure enterprises in five primary sectors: hospitality, recreation, clubs, real estate and travel services.
The firm has offices in Denver, Colorado; London, England; and Stamford, Connecticut.
In the United States, its current portfolio includes the Miraval Group, the owner and operator of luxury spa and wellness properties, and the St. Regis Monarch Beach located in Dana Point, California. Recreation businesses include WellBiz, a health and wellness franchise organization, and Squaw Valley and Alpine Meadows, two of the leading ski resorts in North America. KSL is also the largest shareholder in ClubCorp Holdings, Inc. (NYSE: MYCC), one of the world’s largest owners of private golf and business clubs, and Whistler Blackcomb Holdings Inc. (TSE: WB), the most visited ski area in North America. In the United Kingdom, the portfolio includes The Belfry outside Birmingham and Village Urban Resorts, which owns and operates a portfolio of 28 hotels throughout the United Kingdom.