DENVER—KSL Capital Partners has completed the final closing of its latest travel and leisure focused private equity fund, KSL Capital Partners IV, LP, with total commitments of $2.677 billion, including the commitment of its general partner.

Fund IV took less than a year to raise, with demand from both existing and new investors significantly surpassing the fund's original target amount of $2.25 billion. Investors in KSL IV include a diverse group of state pension funds, corporate pension funds, sovereign wealth funds, endowments, foundations, insurance companies and family offices.

“Similar to our prior private equity and credit funds, KSL IV will target investments exclusively in the travel and leisure sector globally,” said Eric Resnick, CEO of KSL Capital Partners. “KSL IV garnered significant interest from our existing investor base and accepted commitments from a select group of new investors. We are grateful for the support shown by all of our limited partners.”