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NewStar Financial Closes $14,850,000 Loan on Wilton 372 Office Plaza in Wilton, Connecticut

Luzern Associates LLC Managed by Salvatore Campofranco

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Boston, MA – February 19, 2008 – NewStar Financial, Inc. (NASDAQ:NEWS), a Boston-based specialty finance company, announces it has provided $14,850,000 in non-recourse, first mortgage loan financing on Wilton 372 Office Plaza, an 88,078 square foot office building located at 372 Danbury Road, Wilton, Connecticut. The borrower is Wilton 372 Associates LLC, a single-asset entity controlled by Luzern Realty Fund I LP and managed by Luzern Associates LLC ("Luzern"). Luzern is a privately held real estate investment and operating company founded and managed by Salvatore Campofranco, a real estate veteran with over twenty years of commercial real estate experience. The NewStar loan provides the sponsor with both acquisition financing and additional capital to fund renovations, repositioning and lease up of the property, which is currently 44% occupied. This building has a history of being occupied by some of the best companies located in the market and direct access to many of the most prestigious executive bedroom communities in Fairfield County. Luzern's plans are to completely reposition the property and include the installation of exterior architectural features, exciting new landscape design, improved amenities, as well as the installation of new lobbies, bathrooms and corridors with dramatically upgraded finishes. The results will be a boutique building appealing to executives and companies looking to locate on the newly improved Route 7 corridor.Luzern sought a lender who would offer a flexible loan structure with a hands on approach and extremely responsive process re future fundings to be utilized to reposition this property. In regards to the loan funding, Mr. Campofranco said, "The NewStar team was able to create a loan structure tailored to Luzern's specific needs associated with our planned value-add repositioning and re-tenanting of this emerging asset. Despite the recent turmoil in the capital markets, NewStar was also able to provide a timely financing at a rate superior to that which would be available today." The facility was structured with a 2-year term and three one-year extension options. NewStar provided flexible prepayment ability to allow the borrower to refinance the property upon stabilization. Dan Adkinson, Managing Director and head of Commercial Real Estate at NewStar Financial, said, "We were thrilled to have the opportunity to finance this acquisition for such a highly experienced and accomplished investor as Sal Campofranco. We are confident that he will be successful with his repositioning and lease-up of this first office asset in the Luzern portfolio." NewStar's deal team for the transaction included Jim Korinek, Andrea Goldman, Zibby Shiver, Jake Clapton, Don Davis and Evan Turner. 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. Please visit www.newstarfin.com for more detailed transaction and contact information.About Salvatore Campofranco/Luzern Associates:

Luzern Associates, LLC ("Luzern") is a privately held real estate investment and operating company founded and managed by Salvatore Campofranco, a real estate veteran with over twenty years of commercial real estate experience. Luzern recently sponsored its first real estate investment fund which is focused on value creation opportunities for office and mixed use properties located in the Northeast. Prior to Luzern, Mr. Campofranco held various executive positions at Reckson Associates Realty Corporation, including most recently serving as Executive Vice President and Chief Operating Officer. Corporate Inquiries:

NewStar Financial

Anne G. Bork

(617) 848-4318

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