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About Us
NewStar Financial, Inc. was formed in June 2004 by a group of senior banking executives to capitalize on the opportunity to provide sophisticated financing alternatives to mid-sized companies and investors in the middle market.
The company was initially capitalized with $210 million provided by a group of investors led by Capital Z Partners and JP Morgan Corsair II, which included Och-Ziff Capital Management, Northwestern Mutual Life Insurance Company, and Shawmut Capital Partners. In December of 2006, NewStar raised another $235 million in gross proceeds in an Initial Public Offering of 13.8 million shares priced at $17.00 per share. We raised an additional $125 million in January 2008 through a follow-on offering of 12.5 million shares priced at $10.00 per share. The Company's shares trade on the NASDAQ under the ticker symbol, NEWS.
The company’s lending activities are funded by a combination of equity capital, credit facilities from large banks, and term debt securitizations. NewStar has completed five loan securitizations (CLOs) totaling approximately $1.8 billion and has access to substantial additional debt financing through existing credit facilities with DZ Bank, Wells Fargo, and Natixis Capital Markets.
NewStar is focused exclusively on providing sophisticated financing options to mid-sized companies through four national lending groups:
Leveraged Finance
Business Credit
Equipment Finance
Real Estate
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