Investors - APRIL 22, 2015

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Houston Firefighters commits $30m to KSL Capital fund

by Zoe Loza

Houston Firefighters’ Relief and Retirement Fund has approved a commitment of up to $30 million to KSL Capital Partners IV pending final due diligence and contract discussions, says Linda Calnan, interim CIO.

The closed-end fund is managed by KSL Capital and will focus on travel and leisure properties, such as hotels, across the United States. KSL Capital is seeking to raise $2.25 billion for the fund.

Recent commitments to the fund have been made by New Mexico Public Employees Retirement Association and the New Jersey Division of Investment.

The $3.8 billion pension fund had a target real estate allocation of 5.

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