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NewStar Financial Is Lead Arranger of a First-Lien Financing For Gould & Lamb, LLC.

NewStar Financial Supports ABRY Partners to Acquire a Majority Interest in Gould & Lamb, LLC.

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Boston, MA, December 12, 2007 – NewStar Financial, Inc. (NASDAQ: NEWS), a Boston-based specialty finance company, announces the closing of a first-lien credit facility to support ABRY Partners, LLC's ("ABRY") acquisition of a majority interest in Gould & Lamb, LLC ("Gould & Lamb"). ABRY is a private investment firm specializing in investments in the media, communications and information/business services sectors 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 properties. Gould & Lamb expands ABRY's portfolio of business services companies that serve the healthcare industry, including Executive Health Resources, HealthPort, Inc. and KnowledgePoint360.Gould & Lamb, headquartered in Bradenton, Florida, is a leading insurance services firm that helps its clients settle complex medical claims and ensure proper regulatory compliance. Serving 20 of the top 25 Workers' Compensation insurance carriers, as well as many self-insured employers and third-party administrators, the Gould & Lamb's products and services include Medicare set-aside ("MSA") arrangements, life-care plans and medical/legal expert opinions. During the last 5 years, Gould & Lamb has grown rapidly and is now the largest provider of these specialized services nationwide. "NewStar is delighted to continue supporting ABRY in another investment and is pleased to have the opportunity to work with Gould & Lamb's outstanding management team," said David Dobies, Managing Director and Co-Head, Middle Market. "Gould & Lamb is the leader in MSA services for the workers compensation insurance industry and we look forward to supporting ABRY and their investment going forward," he added.NewStar's deal team for the transaction included David Dobies, Mark du Four, Rob Milordi, Tom Mahoney, Scott Trefry and Jim Synborski.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.

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NewStar Financial

Anne G. Bork

(617) 848-4318
Press-Related Inquiries:

Gaffney Bennett Public Relations

Annie Donnelly
(860) 416-1365

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