AdvisorCensus / Financial advisors / Colorado / Denver / KSL Capital Partners
KSL Capital Partners is an SEC-registered investment advisory firm in Denver, CO, registered since 2012, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated June 23, 2026.
Quick answers
From the filingHow is KSL Capital Partners compensated?
On its Form ADV (Item 5.E, October 2026), KSL Capital Partners reports these compensation arrangements: a percentage of assets under its management; performance-based fees; other.
What does KSL Capital Partners' brochure say about its fees?
Its Form ADV Part 2A brochure dated May 11, 2026 states: Asset-based fee: 0.25% to 1.75% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement.
Where is KSL Capital Partners located?
KSL Capital Partners' principal office is in Denver, CO, according to its Form ADV; the July 2026 filing also lists 3 other offices (Schedule D, Section 1.F).
Is KSL Capital Partners registered with the SEC or a state?
KSL Capital Partners is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 155677.
How much does KSL Capital Partners manage?
KSL Capital Partners reports $25,611,898,133 in regulatory assets under management in its Form ADV filing dated June 23, 2026 (83% discretionary).
How have KSL Capital Partners' assets and staff changed since 2021?
In the Form ADV data for KSL Capital Partners: Regulatory assets under management: $12,555,967,582 in the October 2021 data and $25,611,898,133 in the October 2026 data, up 104%. Total employees: 68 in October 2021 and 135 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does KSL Capital Partners serve?
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (60).
Does KSL Capital Partners report any disciplinary disclosures?
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/155677
What changed in KSL Capital Partners' recent Form ADV filings?
In the June 2026 filing data: Updated its list of owners and control persons (Schedule A).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Performance-based fees
- Other
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AAsset-based fee: 0.25% to 1.75% a year (a range, as the brochure states it)
The brochure's wording
Currently the management fee payable by a Fund or Co-Investment Vehicle (as defined below) is between 0.25% and 1.75% per annum.
As stated in the firm's Form ADV Part 2A brochure dated May 11, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$25,611,898,133 as of October 2026, filing dated June 23, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Other
Registration and firm details
Items 1, 2, 5- Legal name
- KSL Advisors, LLC
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2012 (14 years)
- Employees
- Total: 135. Performing investment advisory functions: 71.
- Wrap fee program participation
- No.
- Other offices (Schedule D, Section 1.F)
-
3 other offices, as of the July 2026 filing
- States registered or notice-filed
-
3 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $25,611,898,133 | 135 | June 23, 2026 |
| October 2025 | $25,260,202,363 | 123 | July 30, 2025 |
| October 2024 | $23,349,884,257 | 114 | March 30, 2024 |
| October 2023 | $20,964,360,558 | 114 | June 21, 2023 |
| October 2022 | $17,987,833,412 | 103 | April 22, 2022 |
| October 2021 | $12,555,967,582 | 68 | March 31, 2021 |
Regulatory assets under management: $12,555,967,582 in the October 2021 data and $25,611,898,133 in the October 2026 data, up 104%.
Total employees: 68 in October 2021 and 135 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- June 2026
- Updated its list of owners and control persons (Schedule A).
- April 2026
- Employees performing advisory functions went from 69 to 71.
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. KSL Capital Partners (CRD 155677): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/ksl-capital-partners-denver-co-155677