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NewStar Financial Leads Senior Financing For FishNet Security, Inc. Acquisition

NewStar Backs Acquisition by Lake Capital

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Boston, MA, April 3, 2008 – NewStar Financial, Inc. (NASDAQ: NEWS), a Boston-based specialty finance company, announces its role as Administrative Agent on a new financing to support the acquisition of FishNet Security, Inc. ("FishNet" or the "Company") by Lake Capital. Chicago-based Lake Capital is a private investment firm focusing on investments in service-based enterprises across various industries. Lake currently manages more than $1.3 billion in equity commitments and seeks to build leading service companies through organic and acquisition enhanced growth.
NewStar serves as Administrative Agent for the senior secured credit facilities, comprised of a revolving credit facility and a term loan. Kevin Rowe, Principal at Lake Capital, said, "NewStar was very responsive and helpful throughout the entire deal process, and we look forward to working with their team on future transactions."FishNet Security, Inc. is an information security solutions provider to enterprise and small and medium-sized clients. Founded in 1996, FishNet Security, Inc. has grown to over $200 million in annual revenue and nearly 300 employees. The Company's focus on information security enables it to provide customers with comprehensive information security solutions that reduce the complexity of establishing a secure business environment. FishNet Security, Inc. provides holistic security solutions, including information security strategy and planning, continuous risk and application assessment, integration, implementation, training, staff augmentation, support, and managed security services. The Company supports its customers through a nationwide network of 25 offices and numerous on-site client locations.The Deal Team for this transaction at NewStar includes Mark Cordes, Tom Gillis, Bill Walsh and Chris Macios.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
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Corporate Inquiries:

NewStar Financial

Anne G. Bork

(617) 848-4318
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