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NewStar Financial Underwrites Senior Debt Financing For Advantage Business Media, LLC

Company supports financing for Catalyst Investors

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Boston, MA, June 30, 2006 - NewStar Financial, Inc. ("NewStar"), a Boston-based specialty finance company, announces that it has provided a senior credit facility to support the acquisition of 17 business-to-business titles from Reed Elsevier by Advantage Business Media (the "Company"), a newly created entity by Catalyst Investors ("Catalyst").

The acquired portfolio of titles includes several market leading print and online B2B publications in the manufacturing, science, communications/technology and electronics verticals.

"NewStar worked with established leaders in the B2B publishing space, led by Richard Reiff and George Fox," said David Dobies, managing director and co-head of the middle market origination group at NewStar. "We are also pleased to partner with Catalyst in support of this new venture."

"NewStar demonstrated its structuring expertise, knowledge of the publishing space, and ability to quickly execute this transaction," said Ryan McNally, General Partner at Catalyst.

NewStar served as Sole Lender and Administrative Agent for the senior credit facilities comprised of a five-year revolving credit facility and term loan. The amount and terms of the debt facilities and equity investments were not disclosed.

Joining David Dobies on NewStar's deal team were Rob Milordi, Andre Paquette and Dipen Patel.

About NewStar Financial, Inc.:

NewStar Financial, Inc. was formed in June 2004 by a group of senior banking and capital markets executives from leading financial institutions, including FleetBoston Financial, Citigroup and JP Morgan Chase, and leading institutional investors including Capital Z Partners, JP Morgan Corsair Capital Partners and Och-Ziff Capital Management Group. NewStar is focused exclusively on providing customized financing solutions to mid-sized borrowers in three lending groups: Middle Market Corporate, Commercial Real Estate, and Structured Products. For more information, please contact the appropriate individual below.

About Catalyst Investors:

Catalyst Investors is a private equity fund that provides equity capital to companies in the media, communications and related Internet services industries. Catalyst focuses on growth areas within the middle market, investing $5 to $30 million alongside management teams to fund expansion, acquisitions or recapitalizations. In certain cases, Catalyst forms companies around talented .managers in proven areas where opportunities exist. In addition to capital, Catalyst brings extensive industry experience and a broad network of relationships to each investment.

Corporate Inquiries:
NewStar Financial
Scott Poirier
(617) 848-2525

Press-Related Inquiries:
Gaffney Bennett Public Relations
Chris Riley
(860) 690-0856

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