KSL Capital private credit fund beats target with $1.26bn raise
KSL Capital Partners’ latest travel and leisure focused private credit fund has raised $1.26bn (£1bn), beating its $1bn target.
The private equity firm, which specialises in travel and leisure enterprises, said that its KSL Capital Partners Credit Opportunities Fund IV (Credit Fund IV) attracted a wide variety of investors including state and county pension funds, corporate pension funds, sovereign wealth funds, endowments, foundations and insurance companies.
The fund closed at its hard cap of limited partner commitments.
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“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.”
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