KSL Capital completed the acquisition of a stake in Third Space, a health and fitness brand, from Encore Capital. Financial terms were not disclosed. “Third Space’s mission and growth plan align perfectly with KSL's long history of investing in differentiated, experiential hospitality and wellness brands that are committed to people and community impact. We are privileged to partner with an exceptional management team with such a strong operational foundation as well as Encore Capital’s unique London knowledge. We look forward to helping Third Space grow in new and existing markets," Martin Edsinger, KSL Principal.