Simpson Thacher represented KSL Capital Partners ("KSL") in connection with the formation and raising of its Fourth Credit Opportunities Fund ("Credit Fund IV"), which raised $1.26 billion. The fund exceeded its $1 billion target, closing at its hard cap of limited partner commitments. Investors in Credit Fund IV include a diverse group of state and county pension funds, corporate pension funds, sovereign wealth funds, endowments, foundations and insurance companies.
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, Gabriel Chun, Leor Moaddel, William McKenna, Joshua Opila, Sophia Papaioannou and Benjamin Kaminoff (Funds); and Benjamin Rippeon, Jacqueline Clinton and Preston Irace (Tax).