Sights set high for domestic PE firms

Foreign funds bank on proven strategies to win more customers amid stiff competition

China's fast-maturing private equity market is attracting a huge amount of investment from Western firms, whose exit strategies are also shifting from routes dominated by initial public offerings to a more diversified range.

Competition from rapidly growing domestic Chinese private equity funds has also made foreign firms focus increasingly on their strategy of winning desirable deals, drawing on their global expertise to help acquisition targets achieve growth.