San Francisco Bay Area
TPG is a leading global alternative asset manager with $239 billion in assets under management. The Software and Enterprise Technology team brings deep sector expertise and operating capabilities to companies across all stages of growth. We have worked with disruptors to build their playbooks, and we know how to transform today’s platforms into next-generation leaders. Our approach prioritizes active and engaged partnership, working with management teams to make their companies stronger and more strategic than they were before our investment.
Velotic™ is the leading independent industrial software company providing data‑driven solutions that improve manufacturing efficiency, productivity, and operational insight. Serving customers across manufacturing, oil & gas, utilities, and infrastructure, the company generates more than $300 million in revenue. Velotic’s portfolio, anchored by Proficy, Kepware, and ThingWorx, supports the growing data and performance requirements of industrial operators globally, with an emphasis on AI‑enabled manufacturing and industrial software.
AvidXchange is a leader in accounts payable (AP) automation software and payment solutions, primarily for middle-market businesses. Its platform digitizes and automates the entire AP workflow, from receiving and managing bills to making payments. The company offers integrations with accounting and ERP systems and supports various payment methods with a strong focus on increasing efficiency and control for its customers. TPG and Corpay acquired Avid in October 2025.
Boomi's integration platform as a service (iPaaS) helps organizations maximize the value of their most valuable asset - data - and transform interactions with customers, partners and employees. Boomi has been named a Leader in the Gartner MQ 8 consecutive years. TPG Capital and Francisco Partners acquired Boomi from Dell in 2021.
New Relic is the all-in-one observability platform, a pioneer in the observability market, and recently launched the industry’s first end-to-end AI monitoring solution which empowers engineers to build and run LLM-powered AI applications with data and insights to optimize performance, quality, cost, and the responsible use of AI. TPG, Francisco Partners, Accel Partners, and CapitalG acquired New Relic in November 2023.