KSL Capital Partners, an investor in travel and leisure businesses, completed the final closing of its sixth private equity fund, KSL Capital Partners VI, at approximately $2 billion. 

KSL has now raised over $10.5 billion since establishing a multi-year goal in 2021 to raise new funds in private equity, credit, and tactical opportunities. 

In January, KSL closed its fourth private credit fund at $1.26 billion. Earlier that month, it raised $3 billion for a single-asset continuation vehicle to support North American mountain resort operator Alterra, which is already in its second and fourth funds. 

Denver-based KSL is also looking for a second tactical opportunities fund, after receiving a $150 million pledge from the New Jersey Pension Fund last month. 

“One of our primary goals in raising new capital was to provide a return of capital to our existing investors which we accomplished in raising a single asset continuation vehicle for each of Ross Aviation and Alterra Mountain Company, the latter being one of the largest continuation vehicles completed to date. The remaining capital is, of course, for new investments,” said CEO Eric Resnick. 

KSL held a $2.7 billion close for its fifth flagship fund in 2019.