KSL Capital Partners closed its latest fund, KSL Capital Partners IV, with total commitments of $2.68 billion.
The private equity fund, which focuses on the travel and leisure sector, exceeded its initial target of $2.25 billion, a news release from the company said. The predecessor fund, KSL Capital Partners III, closed at $2 billion in May 2011.
Investors in the latest fund include the $182.5 billion New York State Common Retirement Fund, Albany; $103.6 billion Washington State Investment Board, Olympia; $79 billion New Jersey Pension Fund, Trenton,; $25.9 billion Texas Employees Retirement System, Austin; $20.3 billion San Francisco City & County Employees' Retirement System; $14.6 billion New Mexico Public Employees Retirement Association, Santa Fe; and $3.8 billion Houston Firefighters’ Relief & Retirement Fund.
Officials at KSL could not be reached by press time for additional information.
