Boston, MA, May 4, 2006 - NewStar Financial, Inc. ("NewStar"), a Boston-based specialty finance company announces the opening of its West Coast office in San Francisco, California which will begin operations in early May. In addition to Boston, NewStar has offices in Darien, Connecticut and Charleston, South Carolina.
"The opening of NewStar's San Francisco office is another important and exciting milestone in our company's brief history," said Tim Conway, CEO of NewStar. "This new base of operations for our activities in the West will further increase our penetration and reach as a national player in the middle market."
The San Francisco office will be led by Managing Director Jeff French, who previously worked in the global sponsor finance group of GE Capital, where he was responsible for originating and structuring senior and subordinated debt transactions, as well as M&A activities. Prior to GE, Mr. French spent thirteen years at ABN AMRO Bank in a variety of roles. Mr. French is a graduate of California State University, Sacramento and received his MBA from St. Mary's College of California. He will report to the co-heads of NewStar's middle market group in Boston, David Dobies and Tim Shoyer.
"NewStar's success is a direct reflection of our exceptional employees, and we are fortunate to have someone of Jeff's caliber join our team," said Conway. "His experience and industry relationships are a perfect fit for our company. Jeff and our new office will be an important part of our continued growth and success."
NewStar expects to hire five additional middle market lending professionals on the West Coast while it evaluates other cities for further expansion. The company is also optimistic about opportunities in the commercial real estate and structured products markets.
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.
Gaffney Bennett Public Relations