Simpson Thacher represented KSL Capital Partners ("KSL") in connection with the formation and fundraising of its second flagship fund targeting both credit and equity investments, KSL Capital Partners Tactical Opportunities Fund II ("KSL Tac Opps II”). Together with commitments from the General Partner, KSL Tac Opps II closed on $1.44 billion in capital commitments. The fund is backed by a diverse group of existing and new investors including institutional and private investors, including public pension funds, sovereign wealth funds, foundations, 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, Nyasha Hungwe, Leor Moaddel, Joshua Opila, William McKenna, Sophia Papaioannou, Benjamin Kaminoff, Jessica Hwang and Justin Auh (Funds); and Benjamin Rippeon, Jacqueline Clinton, Preston Irace and Michael Leitner (Tax).