DevvStream and Fayafi agree to form Fayafi x DevvStream Investment Platform

DevvStream and Fayafi executed an Investment Agreement to establish a jointly governed SPV called the Fayafi x DevvStream Investment Platform within 90 days, aimed at investments in decarbonization and the energy transition; the parties have set a non-binding target of US$100 million in capital commitments by the end of 2027.

DevvStream and Fayafi have executed an Investment Agreement to create a jointly governed special purpose vehicle. The vehicle is to be named the Fayafi x DevvStream Investment Platform and is to be established within ninety days of the agreement's effective date. The platform is described as focused on high-impact, scalable opportunities in decarbonization and the broader energy transition, including environmental infrastructure, carbon solutions and related technologies. The Investment Agreement supersedes a previously announced memorandum of understanding and sets out agreed economic terms, governance principles and fee arrangements. What the agreement states: - The parties intend to establish a jointly governed SPV named the Fayafi x DevvStream Investment Platform within 90 days of the Investment Agreement's effective date. - The SPV is targeted to scale to US$100 million in capital commitments by the end of 2027. - Targeted investment areas include decarbonization, the energy transition, environmental infrastructure, carbon solutions and related technologies. - The US$100 million figure is described as a non-binding target and not a commitment or guarantee of capital deployment by either party. - The Investment Agreement replaces the prior memorandum of understanding and records agreed economic terms, governance principles and fee arrangements. Summary: The agreement formalizes plans for a jointly governed investment vehicle focused on climate-related and energy-transition opportunities. The next procedural step is formation of the Fayafi x DevvStream Investment Platform within ninety days of the agreement taking effect, with a non-binding target of US$100 million in capital commitments by the end of 2027. The arrangement replaces an earlier memorandum of understanding and establishes governance and fee terms.