Simpson Thacher represented KSL Capital Partners ("KSL") in connection with the final closing of a single-asset continuation vehicle for Alterra Mountain Company, with total commitments of over $3 billion, including the commitments of the General Partner and rollover investors. Investors in the continuation vehicle 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.
Headquartered in Denver, Colorado, Alterra Mountain Company is a family of iconic year-round mountain destinations, the world's largest heli-skiing operation, and Ikon Pass - a premier ski and snowboard season pass offering access to more than 50 mountain destinations around the world.
The Simpson Thacher team included Tom Wuchenich, John Kreager, Tiffany Chu, Bryon Boyce, Will McKenna, Sophia Papaioannou, Siunik Moradian and Ben Kaminoff (Funds); Benjamin Rippeon, Jackie Clinton and Preston Irace (Tax); and Jeanne Annarumma and Erica Rozow (ERISA).