KKR is eyeing substantial growth in the secondary market, with CFO Rob Lewin highlighting the firm's ambition to build a new platform. The private equity giant sees a potential $100 billion opportunity, signaling a strong belief in the continued expansion of secondaries. This move reflects a broader trend of institutional investors increasingly allocating capital to alternative asset classes.

This strategy is influenced by the growing demand from investors seeking liquidity in their private equity portfolios. Secondaries offer a way to buy into existing funds, often at a discount, providing immediate exposure to a diversified set of assets. KKR's push into this area suggests confidence in the long-term value of these investments and a desire to capture a larger market share.

Historically, the secondary market has grown rapidly, as more investors seek ways to manage and optimize their private market holdings. The firm's focus on building a new platform from scratch suggests a commitment to innovation and efficiency. Investors should watch how KKR's platform develops, and how it impacts the broader secondaries market.