Investment manager launches fourth fund

Denver-based KSL Capital Partners has launched a fourth fund, according to an SEC filing. Thus far, KSL Capital Partners IV, which will invest in hotel and leisure properties, has raised $33.1 million. An equity target was not disclosed in the filing.

KSL Capital Partners IV’s predecessor, KSL Capital Partners III, held a final close in 2011 with $2 billion, exceeding its $1.5 billion equity target. The fund specializes in investments in travel and leisure businesses.

And in 2006, KSL Capital Partners II closed with $1 billion, exceeding its $750 million equity target. The fund’s first investment was the R