The private equity firm, which specializes in travel and leisure bets, has begun conversations with potential investors about the new vehicle.
KSL Capital Partners LLC, a private equity firm that specializes in travel and leisure bets, is seeking $3 billion for its newest flagship fund, according to people with knowledge of the matter.
The Denver-based firm has begun conversations with potential investors about the vehicle, known as KSL Capital Partners VI LP, said the people, requesting anonymity discussing private talks. Institutional backers of its predecessor fifth fund include Washington State Retirement System, New York State Common Retirement Fund and European Investment Fund, data compiled by Bloomberg shows.
KSL had generated preliminary net internal rates of return of 18.1% and 29.6% for its fourth and fifth funds as of Sept. 30, according to a person with knowledge of the matter. The firm is led by Chief Executive Officer Eric Resnick, and its chief investment officer is Peter McDermott.
Read more/Source: WealthManagement.com
