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Debt & Specialty Finance
FINANCIAL
velocityfg.com

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Stage

Acquired | Acquired

About Velocity Financial Group

Velocity Financial Group was a Financial company based in Chicago, Illinois. Velocity Financial Group was acquired in 2007.

Velocity Financial Group Headquarter Location

8501 West Higgins Road Suite 420

Chicago, Illinois, 60631,

United States

773-243-1260

Latest Velocity Financial Group News

NXT Capital Launches Venture Finance Biz

Oct 18, 2011

NXT Capital Launches Venture Finance Biz October 18, 2011 Chicago-based NXT Capital has launched a venture financing business, NXT Capital Venture Finance, which will provide senior and subordinated term loans of up to $20 million. Jan Haas, former president of Velocity Financial Group, will lead the effort. This new business will be led by Jan Haas, former President and CEO of Velocity Financial Group and a 15-year industry veteran, who will be joined at NXT Capital by the entire Velocity Financial Group team. The launch of Venture Finance is another important step in NXT Capital’s development as a diversified commercial finance company. NXT Capital Venture Finance complements NXT Capital’s Corporate Finance and Real Estate Finance groups, extending NXT’s reach to emerging growth companies backed by venture capital and private equity firms, particularly those in the technology and life science sectors. NXT Capital Venture Finance provides senior and subordinated term loans in the $1 million to $20 million range to these companies. “We’re excited to be joined by Jan and his colleagues in launching NXT Capital Venture Finance and are confident the team’s extensive domain expertise, impressive track record, consistent commitment to the entrepreneurial community and past experience building de novo businesses will be vital ingredients in the success of this initiative,” said Robert Radway, Chairman and CEO of NXT Capital. “Venture finance is a business we are very familiar with and one that represents a logical, attractive expansion of the NXT platform.” Founded in 2007, Velocity Financial Group provided alternative capital to a wide range of growth stage companies. Velocity has invested in more than 30 venture and private equity- backed technology, life sciences and clean energy companies. Its portfolio includes such notable industry leaders as Cadent, Schoolnet, Seven and Suniva. “Joining forces with NXT Capital makes perfect sense for our clients and the team,” said Haas. “With NXT’s substantial and stable capital base, familiarity with venture finance and a quick and reliable decision making process, we are confident our team will quickly establish NXT Capital Venture Finance as a market leader and the preferred source of financing for our clients.” NXT Capital provides structured financing solutions to middle-market and emerging growth companies, and real estate investors through its Corporate Finance, Real Estate Finance and Venture Finance groups. Based in Chicago with offices in New York, Atlanta, Boston, Dallas, Newport Beach and Silicon Valley, NXT Capital targets senior financing opportunities of up to $150 million with a hold size up to $30 million. © 2015 Buyouts Insider / Argosy Group LLC

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