KSL Capital

KSL Capital Partners III, L.P.

KSL CapitalVINTAGE 2011

NET IRR

7.6%

TVPI

1.22x

DPI

1.16x

COMMITMENT

$100M

LP SOURCES

2

VALUATION SPREAD1.20x – 1.22x TVPI across 2 sources

CROSS-REFERENCE TABLE

LP SOURCEAS OFCOMMITMENTPAID INNET IRRTVPIDPIDOC
Oregon OPERF2025-09-30$100M$120.8M7.6%1.22x1.16xSOURCE ↗
WSIB2025-09-30$200M$235.5M7.6%1.20x1.16xSOURCE ↗