Fundraising Fox

KSL

Private equity

Denver · 13 people tracked

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Investment thesis

KSL Capital Partners invests exclusively in the Travel & Leisure sector, drawing on a 30-year track record to identify and execute investments. The firm applies an operator-first mindset, hands-on operating experience, and a commitment to responsible stewardship, partnering with strong management teams to pursue exceptional outcomes. Having invested in over 190 businesses globally since its founding, KSL currently deploys capital through multiple vehicles including KSL Capital Partners VI, KSL Tactical Opportunities II, and KSL Credit Fund IV, spanning both equity and credit strategies across travel and leisure businesses worldwide.

Invests inTravel & HospitalityDenverGlobal

Source: firm website, verified Aug 6, 2026.

HQ
Denver, CO, US
Instruments
Equity · Debt
Founded
2005
AUM
$26B
Tracked investments
132

Team · 13 people

from the firm's website

Investments · 132 tracked

founders shown can be your intro path
21c Nashville
21Cmuseumhotels21cmuseumhotels.comin
Allinsnowmassallinsnowmass.com
Alterra Mountain Company
Alterramtncoalterramtnco.comin𝕏
Atlantic Aviation Holdings
Atlanticaviationatlanticaviation.comin
Beaumierbeaumier.comin
Beckonsbeckons.com
Bicycle Street Inn & Suites
Bicyclestreetbicyclestreet.com
Blue Mountain Resort
Camelback Resort
Camelbackresortcamelbackresort.comin
Cameron House
Charlestonplacecharlestonplace.com
Davenport Hotels
Davenporthotelcollectiondavenporthotelcollection.comin
Davidson Hospitality Groupdavidsonhospitality.comin
Drybardrybar.com
East West Partners
ESPA International
Espaskincareespaskincare.comin
Ewpartnersewpartners.comin
Expeditionsexpeditions.comin
Fairmontfairmont.com
Fairmont Grand Del Mar
Flexjetflexjet.comin𝕏
Four Points by Sheraton Sydney
Grand Hotel on Mackinac Island
Grandhotelgrandhotel.com𝕏
Hai Hospitality
Haihospitalityhaihospitality.com
Heritage Golf Group
Heritagegolfgroupheritagegolfgroup.comin
Hershahersha.com
Hersha Hotels and Resorts
Honors Holdings
Honorsholdingshonorsholdings.com
Hotel Viking
Hotelvikinghotelviking.comin
Hyatt Regency Cambridge
Ifly Indoor Skydiving
Iflyworldiflyworld.com𝕏
Intercontinental Buckhead
Intercontinentalatlantaintercontinentalatlanta.comin
Invited
Invited Clubs
Invitedclubsinvitedclubs.comin
Islamorada Resort Collection
Islamoradaresortcollectionislamoradaresortcollection.com
JW Marriott Clearwater
JW Marriott Desert Springs
JW Marriott Essex House
Kimpton Alma San Diego
La Costa Resort and Spa
Life Time Fitness
Lifetimelifetime.life

Fund performance · per public LP disclosures · 14

as of Mar 2025
FundVintageCommittedNet IRRTVPIDPI
KSL Capital Partners CV II 3, LPLPs: Empire State Development – New York Ventures20231.06x0.00x
KSL Capital Partners Fund VILPs: Tulare County Employees' Retirement Association2023-6.5%0.78x0.00x
KSL Capital Partners Credit Opportunities Fund IV, LPLPs: Empire State Development – New York Ventures20221.03x0.17x
KSL Capital Partners VILPs: Empire State Development – New York Ventures, Contra Costa County Employees' Retirement Association, Kern County Employees' Retirement Association +3 more2022-6.5%0.68x
KSL Capital Partners Credit Opportunities Fund III, LPLPs: Empire State Development – New York Ventures20211.23x0.41x
KSL Capital Partners Tactical Opportunities Fund II, L.P. Executed October 2024LPs: Empire State Development – New York Ventures, New Jersey Division of Investment20211.38x0.27x
KSL Captal Partners Coto Co-Invest I, LPLPs: Empire State Development – New York Ventures20211.10x0.02x
KSL Capital Partners V, L.P.LPs: Empire State Development – New York Ventures, Washington State Investment Board, Oregon Public Employees Retirement System +3 more201912.1%1.30x0.54x
KSL Capital Partners IV, L.P.LPs: Washington State Investment Board, Empire State Development – New York Ventures, Oregon Public Employees Retirement System +2 more201612.3%1.60x0.81x
KSL Capital Partners Credit Opportunities FundLPs: Oregon Public Employees Retirement System201414.4%1.38x1.38x
KSL Capital Partners III, L.P.LPs: Washington State Investment Board, Empire State Development – New York Ventures, Oregon Public Employees Retirement System +2 more20117.6%1.20x1.16x
KSL Capital Partners Supplemental IILPs: Oregon Public Employees Retirement System, Washington State Investment Board200924.8%2.16x2.17x
KSL Capital Partners Supplemental II TE, L.P.LPs: Washington State Investment Board200924.8%2.20x2.16x
KSL Capital Partners II, L.P.LPs: Oregon Public Employees Retirement System, Washington State Investment Board, Annie E. Casey Foundation200615.3%1.87x1.87x

Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).

Frequently asked questions

What sectors does KSL focus on?
KSL focuses on Travel & Hospitality.
Where is KSL located?
KSL is headquartered in Denver, US.

Media · Podcasts & interviews

featuring the team

Eric Resnick – Ski, Golf, and Vacation Investing at KSL (Capital Allocators, EP.322) - YouTube

Capital Allocators with Ted Seides · Eric Resnick

Images

KSL photo

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