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NewStar Financial Serves as Lead Arranger for Senior Financing for HCPro

NewStar Supports Leveraged Buyout by Halyard Capital

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Boston, MA, February 14, 2008 – NewStar Financial, Inc. (NASDAQ: NEWS), a Boston-based specialty finance company, announces that it is Lead Arranger and Syndication Agent on a new financing to support the acquisition of HCPro Holdings, Inc. ("HCPro" or the "Company") by Halyard Capital ("Halyard"). New York-based Halyard is a private equity fund with over $600 million of capital under management, and specializes in middle-market leveraged buyouts, growth equity and structured equity investments in media, communications and business services companies.
HCPro is the nation's leading provider of integrated informational, educational, training and advisory products and services in the vital areas of healthcare compliance, regulation and management. Based in Marblehead, MA, the Company meets the specialized needs of health care managers through a wide range of delivery platforms, including print and electronic newsletters, e-mail services, magazines, books, online databases, software, broadcast events, seminars, conferences, classroom training, consulting and videos. "We look forward to working with HCPro and the exceptional management team they have in place," said Ernie Panos, Managing Director at NewStar. "The Company has built a strong reputation and industry-leading position, and NewStar is excited to partner with HCPro as it continues to grow." Bruce Guzowski, President and Chief Executive Officer of HCPro, commented, "We appreciate the efforts of the NewStar team in providing an appropriate financing structure for our needs. As the Company moves forward, I am confident we have the right financing partners to help us meet our growth objectives."NewStar serves as Lead Arranger and Syndication Agent for the senior credit facilities, and is joined by GE Capital as Administrative Agent in the financing. "This deal is a great example of the quality transactions that Halyard pursues and NewStar seeks to be a part of," noted Andre Paquette, Director at NewStar. The Deal team for this transaction at NewStar includes Ernie Panos, Rob Milordi, Andre Paquette, E. Scott Trefry and John Koehler.About NewStar Financial, Inc.:

NewStar Financial (NASDAQ:NEWS) is a specialized commercial finance company focused on meeting the complex financing needs of companies and private investors in the middle markets. The Company specializes in providing senior secured debt financing for the acquisition or recapitalization of mid-sized companies and commercial real estate. NewStar originates loans directly through a team of experienced, senior bankers organized around key industry and market segments. The Company targets 'hold' positions of up to $20 million and selectively underwrites or arranges larger transactions for syndication to other lenders. NewStar is headquartered in Boston MA and has regional offices in Darien CT, Chicago IL, San Francisco CA, San Diego CA, and Charleston SC. For more detailed transaction and contact information, please
visit our website at www.newstarfin.com.




Corporate Inquiries:

NewStar Financial

Anne G. Bork

(617) 848-4318
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