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Sign in Sign up for a FREE subscriptionTexas County commits $25m to KSL fund
The $30 billion Texas County & District Retirement System has committed $25 million to KSL Capital Partners V, according to the pension fund’s website.
The fund, managed by KSL Capital Partners, will invest in hotels, resorts, clubs, fitness properties and resort real estate globally.
Texas County previously committed $75 million to the fund in 2018. It also committed $40 million to the fund’s predecessor, KSL Capital Partners IV, in December 2014. Fund IV held a final close of $2.68 billion in equity commitments in 2015.
Texas County has a target allocation to private real estate of 6 percent.
