KSL Capital Companions’ newest journey and leisure targeted non-public credit score fund has raised $1.26bn (£1bn), beating its $1bn goal.
The non-public fairness agency, which specialises in journey and leisure enterprises, stated that its KSL Capital Companions Credit score Alternatives Fund IV (Credit score Fund IV) attracted all kinds of buyers together with state and county pension funds, company pension funds, sovereign wealth funds, endowments, foundations and insurance coverage corporations.
The fund closed at its exhausting cap of restricted accomplice commitments.
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“Just like our prior credit score funds, Credit score Fund IV will search to offer versatile capital options completely within the journey and leisure sector with a main deal with excessive barrier to entry city and resort locations throughout america,” stated Craig Henrich, accomplice and head of credit score at KSL Capital Companions.
“Journey and leisure companies have proven to be resilient all through financial cycles, and we’re excited concerning the alternative forward to deepen our present partnerships and construct new partnerships with most of the revered homeowners within the sector.”
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