We use cookies for analytics and ads to improve your experience. You can accept or decline. See our Privacy Policy.
Intermediated Solutions for South Asian Private Equity
SH India Opportunities Trust is a SEBI-registered Category II Alternative Investment Fund managed by Stratford House Advisors LLP, a Mumbai-based private equity fund advisory and investment management firm. Stratford House was established as a spin-out from the South Asia Funds team of BII (formerly CDC Group), the UK Government's development finance institution. The founding partners — Alagappan 'Muru' Murugappan and Piyush Jhawar — spent over seven years with CDC/BII holding leadership roles in new South Asian fund commitments, portfolio management, and legacy fund management across China and South East Asia. The firm continues to advise BII on a portion of its Indian funds portfolio and also advises Dayton Advisors (a BII wholly owned subsidiary) on its India secondaries partnership with Coller Capital. Stratford House Advisors LLP was incorporated in India in 2021 (registered at Vaswani Chambers, Worli, Mumbai) and is the vehicle through which the India AIF is operated. Stratford House Capital Pte. Ltd., the Singapore entity (CMS licensed by MAS), is the sister entity. The fund was registered on 29 July 2025.
Stratford House provides intermediated solutions — both fund-based and non-fund-based — to limited partners and general partners across the South Asian private equity industry. Its investment approach draws on deep fund manager relationships, extensive portfolio data from managing over 60 funds and investing in more than 20 funds, and firsthand LP/GP expertise from decades of institutional allocations work. The firm targets primary fund investments, secondary fund investments, and customised advisory solutions within the South Asian alternatives ecosystem, with a long-term, constructive, and relationship-driven style of investing consistent with institutional development finance best practices.
Alagappan 'Muru' Murugappan
Managing Partner
Muru Murugappan has been investing in Indian assets for over 20 years. Prior to founding Stratford House, he was Managing Director and Head of the Asia Funds business at CDC (now BII) in London. He has also held senior roles at Actis, headed the infrastructure fund at UTI Capital, served on the Board of ICICI Securities, and headed Indian operations of Cazenove. He holds a Masters in Law from Cambridge University.
Piyush Jhawar
Partner
Piyush Jhawar has led fund and direct investments in India and other markets for over 10 years. Prior to founding Stratford House, he was Portfolio Director at CDC, working with Asian funds and co-investments across Asia and Africa. Previously he was at UTI Capital, responsible for private capital infrastructure investments in India. He holds a BCom from the University of Calcutta and is a Chartered Accountant from ICAI.
Prachi Deedwania
Principal
Prachi Deedwania is Principal at Stratford House and the SEBI-designated contact person for SH India Opportunities Trust. She has experience in fund and direct investments and previously worked with CDC's Asia Funds team and a Namibia-based growth equity fund. She started her career in Credit Suisse's Investment Banking division in India, working on M&A, Debt and ECM deals. Prachi holds an MBA from London Business School and a B.Tech from IIT Delhi.
Wilfred Chua
Investment Associate
Wilfred Chua brings over a decade of expertise in corporate finance advisory, audit, and private equity. His career began with Deloitte & Touche Singapore and included over 5 years at Provenance Capital providing corporate finance advisory for SGX-listed companies. He holds an Executive Master in Finance from INSEAD (with distinction), a BCAccy from NTU, and is a CFA charterholder and Chartered Accountant (Singapore).
No insights published yet.
Investments in securities markets are subject to market risks. Read all the related documents carefully before investing. Past performance is not indicative of future returns.