KSL Capital Partners has concluded the final closing of its latest private credit fund, KSL Capital Partners Credit Opportunities Fund IV, L.P. (Credit Fund IV), exceeding its $1 billion target. The fund reached its hard cap of limited partner commitments, securing a total of $1.26 billion, including the General Partner's commitment. The investors include a diverse group of pension funds, sovereign wealth funds, endowments, foundations, and insurance companies. Credit Fund IV will focus on providing flexible capital solutions exclusively in the travel and leisure sector, with a primary emphasis on high-barrier urban and resort destinations in the United States.