Sixth Street has agreed to make a minority growth equity investment exceeding $1 billion in Kpler, the global physical trade intelligence platform. The deal marks a significant capital injection for the data analytics company that serves energy and commodity markets across more than 40 countries.

Kpler specializes in collecting and analyzing physical asset data from proprietary and third-party sources, providing trade intelligence that helps clients navigate supply chain complexities. The platform's expansion comes as demand for real-time commodity data has surged amid volatile energy markets and geopolitical uncertainty affecting global trade flows.

Five Arrows will exit its position entirely as part of the transaction, while Insight Partners will roll a portion of its existing stake and maintain shareholder status. Management will retain majority ownership, preserving operational control over the business strategy and product development roadmap.

This investment signals strong institutional confidence in physical trade data platforms as essential infrastructure for modern commodity trading. The capital will likely fund geographic expansion and technology development as Kpler competes with other data providers for market share in energy intelligence.