Domestic PE firms' market share up

HONG KONG - Chinese private equity firms are taking market share from foreign rivals and will be the main beneficiaries as money inflows from domestic investors surge, according to McKinsey & Co.

Local managers more than doubled their share of the total private equity deal value in China to 20 percent last year from 2007, the consulting firm said in a report released on Thursday.

McKinsey forecast domestic investors will boost commitments to buyout firms as much as five-fold by 2015.