Kiwoom Asset Management, a South Korean asset manager, is expanding its secondaries strategy to include North American and Western European funds. The firm will consider both LP-led and GP-led transactions across multiple asset classes, signaling a broader approach to the secondary market.

This move reflects growing interest among Asian institutional investors in accessing global private equity exposure through the secondaries channel. LP-led transactions allow investors to restructure existing portfolios, while GP-led strategies provide access to older funds with established track records. The geographic expansion marks a notable shift from Kiwoom's previous focus.

The secondaries market has experienced rapid growth as investors seek liquidity and portfolio optimization tools. Kiwoom's willingness to deploy capital across both transaction types and multiple regions positions the firm to capture opportunities in both buoyant North American markets and the developing European secondaries landscape.