KSL Capital Partners Closes $1.26b Credit Opportunities Fund IV, Surpassing $1b Target

Denver-based private equity firm, KSL Capital Partners, specializing in travel and leisure investments, has achieved a significant milestone by concluding its fourth private credit fund, KSL Capital Partners Credit Opportunities Fund IV (KSL CPCO Fund IV), raising an impressive $1.26 billion, surpassing the initial $1 billion target. The diverse investor lineup includes pension funds, sovereign wealth funds, corporate pension funds, endowments, foundations, and insurance companies. The fund will employ a value-add strategy, focusing on senior and subordinated floating-rate loans within the travel and leisure sector. Predominantly, the fund will invest in high-quality hotels and resorts located in markets with high barriers to entry. This success follows the previous achievement in June 2021, where KSL CPCO Fund III closed with $750 million in capital raised.