KSL
Private equityDenver · 35 people tracked
Find your way into KSL
5,051 people in our graph share verified history with the KSL team — schools, employers, funds. One of them is your warm intro.
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.
Source: firm website, verified Sep 15, 2026.
Team · 35 people
from the firm's website & curated & public directories
What they invest in
from 52 of 106 portfolio companiesTravel & Hospitality ×42Consumer ×30Wellness & Fitness ×13Sports Tech ×9PropTech ×6B2B Marketplaces ×2FoodTech ×2Future of Work ×2
HQs:United States×31United Kingdom×5St. Barthélemy×1Canada×1
Who they back
founder profiles across 10 portfolio companiesFounding team size:solo founder×72 founders×3
Investments · 106 tracked
founders shown can be your intro path
Lindblad Expeditions organizes guided expedition travel to remote destinations such as Antarctica, offering multi-day small-group voyages for adventure travelers.
Travel & Hospitality
Sven Lindblad(Founder)in
Co-investorsVentureHouse Group, LLC
Life Time operates health and fitness clubs offering memberships with amenities such as pools, racquet courts, exercise programs, and wellness services.
ConsumerSports TechWellness & Fitness
Bahram Akradi(Founder, Chairman & Chief Executive Officer)Eric Buss(Executive Vice President & Chief Administrative Officer)inParham Javaheri(Executive Vice President, President Club Operations & Chief Property Development Officer)RJ Singh(Executive Vice President & Chief Digital Officer)inErik Weaver(Executive Vice President & Chief Financial Officer)in
Co-investorsLeonard GreenLnk
21c operates a network of contemporary art museums integrated with boutique hotels and chef-driven restaurants across multiple locations, creating a unified cultural and hospitality experience.
ConsumerMedia & EntertainmentTravel & HospitalityLouisville, US
Laura Lee Brown(Founder & Co-owner)Steve Wilson(Founder & Co-owner)
All In Snowmass promotes the Snowmass Base Village development, offering luxury ski-in/ski-out residential collections along with dining, shopping, and family activities at the base of Snowmass Resort.
PropTechTravel & HospitalitySnowmass Village, US
Alterra Mountain Company operates a collection of premium ski resorts and complementary mountain hospitality businesses that serve adventure seekers and outdoor enthusiasts globally.
ConsumerSaaSSports TechTravel & HospitalityPark City, US
Atlantic Aviation provides general aviation services and facilities, focusing on airport operations and passenger experience in the aviation sector.
Mobility & TransportationTravel & Hospitality
A hotel on Mackinac Island with 84 rooms across three buildings, offering accommodation, dining, and entertainment services to island visitors.
Travel & HospitalityMackinac Island, US
Camelback Resort is a year-round mountain resort in the Pocono Mountains offering skiing, snow tubing, an indoor waterpark (Aquatopia), the Camelbeach outdoor waterpark, a mountain coaster, ziplines, treetop courses, and lodging.
ConsumerTravel & Hospitality
Cameron House is a venue and hospitality provider that organizes team-building events and corporate packages for businesses, featuring activities such as water sports, mountain biking, and luxury experiences on its Scottish estate.
ConsumerFuture of WorkTravel & HospitalityDunbarton, GB
Davenport Hotels operates a collection of luxury hotels in downtown Spokane, Washington, featuring historic and contemporary properties with spa, dining, and event facilities.
ConsumerTravel & HospitalitySpokane, US
Louis Davenport
Davidson Hospitality Group is a hotel management and ownership company that provides bespoke management services and strategic ownership of hotel, resort, and restaurant properties across multiple brands and segments.
Travel & HospitalityAtlanta, US
Thom Geshay(Former President, current executive leadership)in
Co-investorsNautic Partners
ESPA is a skincare and spa company that formulates high-performance skincare products using natural ingredients and advanced biotechnology, while also operating spa treatments and partnering with luxury hospitality properties worldwide.
ConsumerDirect to ConsumerWellness & FitnessUK, GB
East West Partners designs, develops, and manages real estate projects including residential, hospitality, and resort properties across multiple U.S. locations.
Construction TechImpact & Social GoodPropTechDenver, US
Co-investorsCarlyle GroupCrow HoldingsInvestcorpNeuberger Berman
Fairmont is a luxury hotel and resort brand operating properties across multiple regions worldwide, offering hospitality and accommodation services.
Travel & Hospitality
Fairmont Grand Del Mar is a luxury resort set on 400 acres near Los Peñasquitos Canyon Preserve in San Diego, offering guestrooms, villas, dining, a spa, golf, and equestrian and outdoor activities.
Travel & HospitalityWellness & FitnessSan Diego, US
A pizzeria on Mackinac Island specializing in Detroit-style pizza baked in traditional square pans with house-proofed Sicilian dough, serving locals and visitors.
FoodTechTravel & HospitalityMackinac Island, US
Hai Hospitality is a restaurant group founded by Chef Tyson Cole, operating Japanese-inspired restaurants such as Uchi that reinterpret traditional Japanese cuisine.
ConsumerFoodTechAustin, US
Tyson Cole(Chef & Founder)
Heritage Golf Group operates a portfolio of golf properties and courses, providing golf and membership services to golfers and members.
ConsumerSports TechWellness & Fitness
Mark Burnett(President & CEO)in
Hersha is a real estate company focused on asset management and hospitality operations.
PropTechTravel & Hospitality
Christopher Doyle(Chief Operating Officer)
Hotel Viking is a historic hotel in Newport, Rhode Island that has operated since 1926, recently undergoing restoration and reimagining to modernize guest accommodations, dining, and wellness amenities while preserving its cultural heritage.
Travel & HospitalityNewport, US
InterContinental Buckhead Atlanta is a hotel offering accommodations along with meeting, event, and wedding services.
Travel & HospitalityAtlanta, US
Invited (formerly ClubCorp) owns and operates a portfolio of private golf, country, business, and sports clubs across the United States and internationally.
ConsumerSports TechWellness & FitnessDallas, US
Robert H. Dedman Sr.
Islamorada Resort Collection operates resort properties in the Florida Keys, offering vacation experiences centered around water activities, dining, and local island culture.
Travel & HospitalityIslamorada, US
Marram is a 96-room boutique oceanfront resort hotel in Montauk, offering guest rooms, a pool deck, event spaces, and a seasonal on-site café serving Latin American cuisine.
ConsumerTravel & HospitalityMontauk, US
Martin Resorts operates and manages a portfolio of destination resorts, hotels, and clubs, ranging from select-service properties to beachside and mountain vacation destinations.
Travel & Hospitality
Noreen Martinin
Miraval Resorts & Spas operates a collection of luxury wellness resorts focused on mindfulness and holistic well-being experiences.
Travel & HospitalityWellness & FitnessArizona, US
Mission Hill manages a global portfolio of destination resorts, hotels, clubs, and select-service properties.
ConsumerTravel & Hospitality
The Residences at The Nashville EDITION is a collection of luxury branded residences with resort-style amenities, located in The Gulch neighborhood of Nashville.
ConsumerPropTechNashville, US
The Ritz-Carlton operates luxury hotels worldwide, creating high-end hospitality experiences and fostering memorable guest journeys across global destinations.
ConsumerTravel & Hospitality
Hervé J.L. Humler(Founder)in
Rosewood Hotels operates a collection of luxury hotels and resorts across international destinations including Mexico, Japan, Qatar, Brazil, the US, Hong Kong, the UK, and the Netherlands.
ConsumerTravel & Hospitality
Royal Palm South Beach is a hotel in Miami Beach offering guest rooms, a redesigned pool and bar, and poolside dining.
ConsumerTravel & HospitalityMiami Beach, US
Salamander Collection operates a group of luxury hotels, resorts, and spas offering hospitality management, executive retreats, and residences.
ConsumerTravel & HospitalityWellness & FitnessMiddleburg, US
Sheila C. Johnson
Le Sereno operates a collection of luxury resort properties located in St.
ConsumerTravel & HospitalitySt. Barths, BL
Silverado Resort is a Napa Valley resort offering lodging, championship golf, dining, spa and wellness experiences, plus venues for weddings, meetings, and corporate events.
Sports TechTravel & HospitalityWellness & FitnessNapa, US
Sofitel Washington DC Lafayette Square is a luxury hotel located near Lafayette Square and the White House in downtown Washington, D.C., offering accommodations, dining, and meeting and event spaces.
Travel & HospitalityWashington, US
Southern Marinas operates and manages a portfolio of marina properties, handling accounting, marketing, and business development across its locations.
PropTechTravel & Hospitality
The Belfry is a golf and spa resort offering hotel stays, golf holidays, and spa breaks and packages for leisure guests.
Travel & HospitalityWellness & Fitness
A luxury hotel in New York City offering fine dining, bars, and curated guest accommodations and experiences designed around principles of sensory hospitality and attentive service.
ConsumerTravel & HospitalityNew York, US
Alex Ohebshalom(Founder)
The Newbury Boston is a restored luxury hotel located at the corner of Newbury and Arlington Streets in Boston's Back Bay, near the Boston Public Garden.
Travel & HospitalityBoston, US
The Zien Group operates a hotel booking and collection platform representing over 315 boutique and luxury hotels across more than 137 destinations in Europe.
B2B MarketplacesConsumerTravel & Hospitality
Third Space operates a group of luxury health clubs in London, offering fitness classes led by instructors and gym facilities for members.
ConsumerSports TechWellness & FitnessLondon, GB
Tortuga Resorts is an ownership and asset management platform for luxury beachfront resorts across Mexico and the Caribbean, partnering with global hospitality brands to operate its portfolio.
PropTechTravel & Hospitality
Leo Schlesingerin
Under Canvas operates upscale, safari-inspired glamping resorts featuring custom-designed canvas tents with amenities such as ensuite bathrooms, king-size beds, and wood-burning stoves.
ConsumerTravel & HospitalityBelgrade, US
JACOB DUSEK(Executive Officer, Director, Promoter)SARAH DUSEK(Executive Officer, Director, Promoter)
Village Hotel Club operates a chain of 34 hotel locations across the UK offering accommodation alongside integrated wellness facilities, dining, event spaces, and co-working facilities.
ConsumerTravel & HospitalityWellness & Fitness
Wellbiz Brands operates a portfolio of wellness, beauty, and fitness franchise brands including Elements Massage, Drybar, Radiant Waxing, Amazing Lash Studio, and Fitness Together, serving over 250,000 members across 750+ locations in the United States.
ConsumerWellness & FitnessDenver, US
Amanda Clarkin
My Epic Gear is a ski and snowboard rental service for visitors to Whistler Blackcomb mountain resort.
B2B MarketplacesConsumerSports TechTravel & HospitalityWhistler, CA
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
21c NashvilleAlterra Mountain CompanyBeckonsBlue Mountain ResortCharlestonplaceDavenport HotelsDrybarEast West PartnersESPA InternationalFairfield Inn New York Manhattan/Financial DistrictFour Points by Sheraton SydneyGrand Hotel on Mackinac IslandHersha Hotels and ResortsHonors HoldingsHyatt Herald Square New YorkHyatt Regency CambridgeIfly Indoor SkydivingIntercontinental BuckheadInvitedJW Marriott ClearwaterJW Marriott Desert SpringsJW Marriott Essex HouseKimpton Alma San DiegoLa Costa Resort and SpaMalmaison and Hotel du VinMargaritaville Hollywood Beach ResortMontelucia Resort & SpaOmnihotelsOrion Expedition CruisesOutriggerOutrigger Hospitality GroupPostcard InnRancho Las Palmas Resort & SpaRitz-Carlton NomadRosewood BermudaRosewood MansionSheraton Kaua'i Coconut Beach ResortSheraton San DiegoSnowmass Base VillageStayalmaThe Charleston PlaceThe Nashville EDITION Hotel & ResidencesThe Omni Grove Park InnThe PIG HotelsThe Ritz-Carlton Key Biscayne, MiamiThe TessThepighotelVespera Resort on Pismo BeachVesperapismobeachW Maldives and Sheraton MaldivesWestern Athletic ClubsWestin Hilton HeadWestin IndianapolisZien Group
Exits · 2
2 IPOsExpeditionsNASDAQ: LINDLife TimeNYSE: LTH
Portfolio news
latest coverage across their companiesUnder Canvas · moderncampground.com · Mar 24, 2025
Fund performance · per public LP disclosures · 14
as of Mar 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| KSL Capital Partners CV II 3, LPLPs: Empire State Development – New York Ventures | 2023 | — | — | 1.06x | 0.00x |
| KSL Capital Partners Fund VILPs: Tulare County Employees' Retirement Association | 2023 | — | -6.5% | 0.78x | 0.00x |
| KSL Capital Partners Credit Opportunities Fund IV, LPLPs: Empire State Development – New York Ventures | 2022 | — | — | 1.03x | 0.17x |
| KSL Capital Partners VILPs: Empire State Development – New York Ventures, Contra Costa County Employees' Retirement Association, Kern County Employees' Retirement Association +3 more | 2022 | — | -6.5% | 0.68x | — |
| KSL Capital Partners Credit Opportunities Fund III, LPLPs: Empire State Development – New York Ventures | 2021 | — | — | 1.23x | 0.41x |
| KSL Capital Partners Tactical Opportunities Fund II, L.P. Executed October 2024LPs: Empire State Development – New York Ventures, New Jersey Division of Investment | 2021 | — | — | 1.38x | 0.27x |
| KSL Captal Partners Coto Co-Invest I, LPLPs: Empire State Development – New York Ventures | 2021 | — | — | 1.10x | 0.02x |
| KSL Capital Partners V, L.P.LPs: Empire State Development – New York Ventures, Washington State Investment Board, Oregon Public Employees Retirement System +3 more | 2019 | — | 12.1% | 1.30x | 0.54x |
| KSL Capital Partners IV, L.P.LPs: Washington State Investment Board, Empire State Development – New York Ventures, Oregon Public Employees Retirement System +2 more | 2016 | — | 12.3% | 1.60x | 0.81x |
| KSL Capital Partners Credit Opportunities FundLPs: Oregon Public Employees Retirement System | 2014 | — | 14.4% | 1.38x | 1.38x |
| KSL Capital Partners III, L.P.LPs: Washington State Investment Board, Empire State Development – New York Ventures, Oregon Public Employees Retirement System +2 more | 2011 | — | 7.6% | 1.20x | 1.16x |
| KSL Capital Partners Supplemental IILPs: Oregon Public Employees Retirement System, Washington State Investment Board | 2009 | — | 24.8% | 2.16x | 2.17x |
| KSL Capital Partners Supplemental II TE, L.P.LPs: Washington State Investment Board | 2009 | — | 24.8% | 2.20x | 2.16x |
| KSL Capital Partners II, L.P.LPs: Oregon Public Employees Retirement System, Washington State Investment Board, Annie E. Casey Foundation | 2006 | — | 15.3% | 1.87x | 1.87x |
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
- How many investments has KSL made?
- KSL has 106 tracked investments, 2 of which have exited.
- What sectors does KSL focus on?
- KSL focuses on Travel & Hospitality.
- Where is KSL located?
- KSL is headquartered in Denver, US.
- Who does KSL co-invest with?
- KSL most often shares deals with Aju IB Invesment Corporation, Lam Group, Leonard Green, among 10 tracked co-investors.
Media · Podcasts & interviews
featuring the teamEric Resnick – Ski, Golf, and Vacation Investing at KSL (Capital Allocators, EP.322) - YouTube
Capital Allocators with Ted Seides · Eric Resnick
Images
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