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NewStar Financial Provides Financing for Fortis Business Media Acquisition

Prairie Capital acquires the assets of M. Lee Smith Publishers LLC

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Boston, MA, September 17, 2007 – NewStar Financial, Inc. (NASDAQ: NEWS), a Boston-based specialty finance company, announces that it has provided $20.1 million in financing to Fortis Business Media LLC, a newly formed entity of Prairie Capital and Daniel Oswald, to support the acquisition of M. Lee Smith Publishers LLC. This first acquisition will serve as a platform for Fortis to expand into new specialized information areas through new product launches and acquisitions and grow into a significant business-to-business information company. NewStar served as Sole Lender and Administrative Agent for the transaction.M. Lee Smith Publishers, headquartered in Brentwood, TN, is a leading provider of mission-critical news, analysis and training services to human resources, employment and various other law and political professionals through a portfolio of integrated print, online and in-person media and publishing products. M. Lee Smith Publishers has leveraged its core newsletter model to grow its product offering, which currently includes more than 130 nationally-acclaimed newsletters, videos, software, books, directories and live events. M. Lee Smith Publishers has been providing the most authoritative and timely information, edited by many of the nation's largest and most prestigious law firms, since 1975."We greatly appreciate NewStar's responsiveness and understanding of the business throughout the transaction," commented Dan Oswald, CEO of M. Lee Smith Publishers. "We look forward to working with them in the future.""NewStar is pleased to be supporting M. Lee Smith Publishers and Prairie Capital and we look forward to working with the Company as it continues to grow its business and launch new and unique specialized information products," said Ernie Panos, a Managing Director in NewStar's middle market originations division. "The deal also presents a great opportunity for NewStar to partner with and build a strong relationship with Prairie Capital. The Prairie Capital team, led by Steve Groya, has significant knowledge of the business and made a substantial commitment to its growth."Prairie Capital, founded in 1997, is an experienced provider of equity and junior capital with over $500 million under management. Prairie Capital focuses on lower middle market investments, typically in support of companies undergoing an ownership change.The deal team for this transaction from NewStar included David Dobies, Ernie Panos, Rob Milordi, Jeff Greene, Kristen Abels and Geoff Rhizor.About NewStar Financial, Inc.:

NewStar Financial is a specialized commercial finance company focused principally on meeting the complex financing needs of customers in the middle market through our corporate, commercial real estate, and structured products groups. Our senior banking teams call directly on customers to provide advice and finance a range of strategic transactions that may require some combination of senior secured, second lien and mezzanine financing. NewStar typically works with customers with financing needs of up to $150 million and cash flow as low as $5 million. We target 'hold' positions of up to $35 million, but may also underwrite or arrange transactions up to $100 million for syndications to other lenders.

We are headquartered in Boston MA, with regional offices in Darien CT, Chicago IL, San Francisco CA, San Diego CA, and Charleston SC. In December of 2006, NewStar completed an Initial Public Offering. The Company's shares trade on the NASDAQ under the ticker symbol, NEWS. Please visit our website at for more detailed transaction and contact information.

Corporate Inquiries:

NewStar Financial

Anne G. Bork

(617) 848-4318
Press-Related Inquiries:

Gaffney Bennett Public Relations

Annie Donnelly
(860) 416-1365

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