Snow Phipps Group completed the $45m investment in Velocity Financial.

Private equity firm Snow Phipps Group completed the $45m investment in Velocity Financial, a vertically integrated real estate finance company. "Over the past week, we worked closely with our original sponsors, Snow Phipps and TOBI, and warehouse repurchase lending partners to quickly react to unprecedented markets conditions by strengthening the Company’s balance sheet and liquidity profile. We are pleased to have their continued support as we navigate these difficult times," Chris Farrar, Velocity Financial President and CEO.