# 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.

- CRD: 155677
- Filed as: KSL CAPITAL PARTNERS
- Legal name: KSL Advisors, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Denver, CO
- Filing period: October 2026
- Form ADV filing dated: June 23, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/155677
- AdvisorCensus page: https://advisorcensus.com/firm/ksl-capital-partners-denver-co-155677

## Quick answers

**How 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.

**How much does KSL Capital Partners charge?**
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

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees
- Other

### Fees and minimums (Form ADV Part 2A brochure dated May 11, 2026)

- Asset-based fee: 0.25% to 1.75% a year (a range, as the brochure states it)

> 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 brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $25,611,898,133
- Discretionary: $21,231,261,988
- Non-discretionary: $4,380,636,145

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | Not reported |
| High net worth individuals | 0 | Not reported |
| Banking or thrift institutions | 0 | Not reported |
| Investment companies | 0 | Not reported |
| Business development companies | 0 | Not reported |
| Pooled investment vehicles (other than investment companies and business development companies) | 60 | $25,611,898,133 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | Not reported |
| Charitable organizations | 0 | Not reported |
| State or municipal government entities (including government pension plans) | 0 | Not reported |
| Other investment advisers | 0 | Not reported |
| Insurance companies | 0 | Not reported |
| Sovereign wealth funds and foreign official institutions | 0 | Not reported |
| Corporations or other businesses not listed above | 0 | Not reported |
| Other | 0 | Not reported |

### 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

### Firm details
- Registered since: 2012 (14 years)
- Employees: 135 total, 71 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CO, CT, NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the July 2026 filing
- London
- New York, NY
- Stamford, CT

### Websites listed on Form ADV (Item 1.I)
- kslcapital.com
- LinkedIn @ksl-capital-partners
- LinkedIn @ksl-capital-partners-international-llp

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $12,555,967,582 | 68 | March 31, 2021 |
| October 2022 | $17,987,833,412 | 103 | April 22, 2022 |
| October 2023 | $20,964,360,558 | 114 | June 21, 2023 |
| October 2024 | $23,349,884,257 | 114 | March 30, 2024 |
| October 2025 | $25,260,202,363 | 123 | July 30, 2025 |
| October 2026 | $25,611,898,133 | 135 | June 23, 2026 |

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.

## 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.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. KSL Capital Partners (CRD 155677): Form ADV filing data as of October 2026.