Quebec’s public pension fund manager committed US$75M in the California-based customer engagement platform, with participation from the Mumbai-based global asset manager IIFL AMC and existing investors Tiger Global and Sequoia India. (The Logic)

Talking point: With the investment, CleverTap has a US$775 million post valuation, according to PitchBook data. The Caisse’s investment in the company alongside India-based investors underscores the manager’s interest in the country. As The Logic’s Murad Hemmadi reported in July, the Caisse has heavily invested in India’s highways, solar installations and tech companies, with its Asia-Pacific holdings accounting for 11 per cent of the Caisse’s $419.8 billion total assets under management at the end of last year.