Yesterday, KSL Capital Companions—a personal fairness agency—introduced they’d raised $3 billion for Alterra Mountain Co. by way of a single-asset continuation car.
Fashioned by KSL Capital Companions and Henry Crown & Firm, Alterra Mountain Co. is named a multi-ski resort conglomerate and the purveyors of the Ikon Cross.
Shutterstock/David A Litman
“This transaction allowed us to supply a big return of capital to these current buyers who desired liquidity whereas welcoming a brand new set of buyers who share our pleasure about the way forward for Alterra. We stay up for persevering with to work with Alterra in its subsequent stage of development,” stated Eric Resnick, CEO of KSL.
The place precisely this inflow of money is headed wasn’t shared within the press launch issued by KSL yesterday. Nonetheless, I believe some portion of it would assist Deer Valley Resort, Utah’s large enlargement venture. Deer Valley was acquired by Alterra in 2017, in response to DeseretNews.
I’ve emailed a consultant from KSL for extra info and can replace this text in the event that they reply.
To learn the press launch from KSL relating to the single-asset continuation car (it isn’t a lot info, therefore the hypothesis on my half), click on right here.
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