Caisse de dépôt et placement du Québec (CDPQ), one of North America's largest pension fund managers, has signed an agreement to invest approximately US$250 million in Mumbai, India-headquartered Edelweiss Financial Services' non-banking financial arm, ECL Finance Ltd. (ECL Finance). The planned investment by CDPQ would contribute to establishing a large and diversified credit platform in India and will close after customary regulatory approvals. The investment will help support technology and digital investments by ECL Finance and also ensure that the firm has the resources to maintain strong organic growth, as well as take advantage of any market consolidation opportunities. Edelweiss Group has a credit book of approximately US$4.2billion (Q3FY19) spread across wholesale and retail finance segments. CDPQ is a long-term institutional investor that manages funds primarily for public and para-public pension and insurance plans. As at December 31, 2018, it held C$309.5 billion in net assets.