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NewStar Financial Is Joint-Lead On $68 Million Senior Financing For RMS

NewStar supports acquisition by Citigroup Venture Capital International

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Boston, MA, October 4, 2005 - NewStar Financial, Inc. ("NewStar"), a Boston-based specialty finance company, announces that it has provided financing to support the acquisition of Receivable Management Services Corporation ("RMS") by Citigroup Venture Capital International ("CVCI"). RMS is a leading global supplier of accounts receivable management and collection services to Fortune 500 companies. The Company provides collection services, demand letters, complete accounts receivable outsourcing, invoicing solutions, electronic bill presentment, deductions management, and bankruptcy services. RMS has been in business as a standalone entity since 2001 and previously as an operating unit of D&B. Dymas Capital also acted as the Joint Lead Arranger on the deal.



"NewStar is delighted to work with a top tier sponsor like CVCI to support RMS, an industry leader who has been in business for over a century. RMS has an outstanding management team with a consistent track record of generating strong free cash flows," said Tim Shoyer, Co-head of middle market originations at NewStar.



Joining Shoyer on NewStar's deal team were Paul Feloney, Andre Paquette, and John Bosco.



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.



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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