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NewStar Financial Supports an Investment by ABRY Partners

ABRY Partners invests in Executive Health Resources, Inc.

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Boston, MA, November 15, 2007 – NewStar Financial, Inc. (NASDAQ: NEWS), a Boston-based specialty finance company, announces that it has provided financing to support ABRY Partners, LLC's ("ABRY") investment into Executive Health Resources, Inc. ("EHR"). ABRY is one of the most experienced and successful media-focused private equity investment firms in North America with approximately $2.75 billion of total capital under management. Since 1989, Boston-based ABRY has completed over $18.0 billion of leveraged transactions and other private equity and mezzanine investments, representing investments in more than 450 media.NewStar served as the Joint Lead Arranger and Syndication Agent on the first-lien credit facilities and Syndication Agent on the second-lien credit facility. "We were very impressed with NewStar's ability to use its understanding of healthcare to support our investment in a growing company in a niche sector. NewStar was a true value-added partner throughout this process." said Hilary Grove, principal of ABRY Partners. "We are strong believers in companies that provide greater efficiencies to the healthcare market. EHR has an attractive market opportunity, and we are excited to partner with EHR's proven management team to seize that opportunity."Executive Health Resources, The Physician Advisor CompanyTM, is the leading provider of expert medical management services to improve hospital compliance and achieve revenue integrity. EHR Physician Advisors provide hospitals and health systems with an outsourced operational and clinical resource to address their greatest regulatory compliance and financial issues. EHR comprises technology-enabled teams of physicians with specialized expertise who provide daily support to hospitals and physicians. EHR offers various regulatory compliance, concurrent clinical denials management, retrospective clinical denials management and length of stay management programs to more than 300 healthcare institutions throughout the U.S."NewStar is pleased to be working with an experienced and reputable sponsor such as ABRY Partners," said Ernie Panos, Managing Director at NewStar Financial. "We are very excited about supporting this transaction and working with EHR's talented management team. EHR provides clients with a proven solution to address the challenging compliance environment that hospitals face today."NewStar's team for this transaction included Ernie Panos, Walter Marullo, Bruce Catania, Scott Reeds, Dipen Patel and Nicholas Ganias.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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