Investment & Deals
KSL just paid up to $3 billion to buy back the club operator it sold twelve years ago.
KSL Capital Partners closed its purchase of Invited Clubs, the largest private club operator in North America, in June 2026, in a deal reported between $2.6 billion and $3 billion, twelve years after KSL sold the same company. The repeat trade shows private equity now prices club membership revenue as a scalable, consolidatable asset, not a lifestyle business.