By Amy-Jo Crowley and Milana Vinn

LONDON/NEW YORK, June 3 (Reuters) - Sixth Street has agreed to acquire a minority stake in commodities data and analytics firm Kpler from private equity owners Insight Partners and Rothschild-owned Five Arrows, valuing the firm at over $3.7 billion, according to two sources familiar with the matter.

The investment comes as data and analytics assets are commanding rising valuations, as companies are increasingly willing to pay a premium for high-quality, proprietary datasets that can be used to train AI models, generate insights and support automated decision-making.

KEY DETAILS

• Kpler, Sixth Street, Insight Partners and Five Arrows did not immediately respond to requests for comment.

• The stake sale was structured as preferred equity, which typically gives investors priority over common shareholders in the event of a sale or liquidation, and can include protections such as minimum return thresholds or conversion rights, one of the sources said. In this case, the structure provides Sixth Street with downside protection if Kpler’s valuation were to fall, while still allowing it to participate in any upside if the company continues to grow, the source added.

• Reuters previously reported that Kpler was working with Evercore to solicit interest in a minority stake in the company.

• Kpler, which provides real-time intelligence on energy and shipping flows, has expanded rapidly in recent years.