TPG Sixth Street Partners led a $260m financing for AvidXchange.

Private equity firm TPG Sixth Street Partners led a $260m financing for AvidXchange, a provider of accounts payable and payment automation solutions for the middle market. "AvidXchange is poised to win with a complete offering of invoice automation, payment automation and supply chain finance all in one platform. Their comprehensive solutions coupled with the power of the AvidPay Network gives them all the right tools to lead the market, and we are proud to be their long-term partner," Bo Stanley, TPG Sixth Street Partners Partner and Co-Head of Capital Solutions.