SOURCE: Velocity Financial Group, Inc.

Velocity Financial Group, Inc.

January 28, 2010 14:55 ET

Velocity Financial Group Announces Peter Fair as New Principal

Appointment to Expand Silicon Valley Office

BOSTON, MA and SANTA CLARA, CA--(Marketwire - January 28, 2010) - Velocity Financial Group, Inc. announced today the appointment of Peter Fair as Principal. Fair will be based in Silicon Valley and will be responsible for sourcing and evaluating investment opportunities for Velocity, primarily within the healthcare and life science verticals.

"Our mission at Velocity Financial Group is to become the premier specialty finance company serving the entrepreneurial and venture capital communities," said Jan Haas, co-founder and President of Velocity. "With Peter on board, we have greatly increased our ability to not only service, but to provide additional value to the vast community of life science entrepreneurs and VCs."

Fair brings over fifteen years of venture, financial and operational experience. Prior to joining Velocity, Fair was a Director for TriplePoint Capital, where he focused on financing venture-backed life science, med-tech, and healthcare companies. Fair was previously a Principal with Telegraph Hill Partners, a San Francisco-based, life science-focused, private equity fund. Fair's experience also includes running business development efforts for United Emergency Services (ultimately acquired by EDCare), a venture-backed healthcare service company, and working as an Associate for The Aurora Funds in Research Triangle Park. Fair also spent six years with Deloitte's middle-market consulting and advisory practice.

"Peter is well-known in the healthcare and life science venture community and brings a wealth of relationships and experience to Velocity," said Haas. "We look forward to his contributions as a valued member of the Velocity team."

About Velocity Financial Group: Velocity Financial Group, Inc. is a specialty finance company formed to serve middle-market and venture-backed companies. VFG's Ventures division is dedicated to helping entrepreneurs by providing less dilutive, more flexible forms of capital. With offices in Boston and Silicon Valley, VFG's Ventures Group has built a broad portfolio consisting of technology, life sciences and clean energy companies. Clients range from pre-revenue companies with dedicated entrepreneurs to late stage, proven businesses seeking more efficient growth capital. VFG is backed by a diverse group of global financial institutions. For more information, please contact Leah Toussaint at 781-486-6600,, or visit

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