Simpson Thacher represented KSL Capital Partners ("KSL") in connection with the formation and fundraising of its latest travel and leisure focused private equity fund, KSL Capital Partners VI ("KSL VI”). Together with commitments from the General Partner, KSL VI closed on approximately $2 billion in capital commitments. The fund is backed by a diverse group of existing and new investors including state and corporate pension funds, sovereign wealth funds, endowments, foundations, insurance companies, asset managers and family offices.
KSL is a private equity firm specializing in travel and leisure enterprises in five primary sectors: hospitality, recreation, clubs, real estate and travel services. KSL has offices in Denver, Colorado; Stamford, Connecticut; New York, New York; and London, England. KSL invests across three primary strategies through its equity, credit and tactical opportunities funds. KSL's current portfolio includes some of the premier properties in travel and leisure.
The Simpson Thacher team included Thomas Wuchenich, John Kreager, Gabe Chun, Leor Moaddel, Josh Opila, Will McKenna, Sophia Papaioannou and Ben Kaminoff (Funds); and Benjamin Rippeon, Jackie Clinton and Preston Irace (Tax).