NewStar Financial

NewStar Financial, Inc. was formed in June 2004 by a group of senior banking executives to capitalize on the opportunity to provide sophisticated financing alternatives to mid-sized companies and investors in the middle market. The Company was initially capitalized with $210 million provided by a group of investors led by Capital Z Partners and JP Morgan Corsair II, which included Och-Ziff Capital Management, Northwestern Mutual Life Insurance Company, and Shawmut Capital Partners. In December of 2006, NewStar raised another $235 million in gross proceeds in an Initial Public Offering of 13.8 million shares priced at $17.00 per share. The Company raised an additional $125 million in January 2008 through a follow-on offering of 12.5 million shares priced at $10.00 per share. NewStar's shares trade on the NASDAQ under the ticker symbol, NEWS. In November 2014, NewStar formed a strategic relationship with Blackstone's GSO Capital that included a long-term investment in the Company from funds managed by GSO to support the Company's strategy to accelerate growth in its direct lending and asset management activities. In addition to the investment, the scope of the relationship included an arrangement for co-lending in certain types of transactions and investing in the Company's middle market credit funds. Consistent with that strategy, NewStar announced the acquisition of a boutique, credit-oriented investment manager with $2.3 billion of assets under management in October 2015, increasing its total managed assets to $6.4 billion on a pro forma basis.
Boston, US
Size (employees)
69 (est)-43%
NewStar Financial was founded in 2004 and is headquartered in Boston, US

NewStar Financial Office Locations

NewStar Financial has offices in Boston, Chicago and Darien
Boston, US (HQ)
1250 500 Boylston St
Darien, US
9 Old Kings Hwy S
Chicago, US
612 101 N Upper Wacker Dr
Boston, US
699 Boylston St

NewStar Financial Data and Metrics

NewStar Financial Financial Metrics


Market capitalization (27-Jun-2017)

448.9 m

Closing share price (27-Jun-2017)


Cash (31-Dec-2016)

154.5 m
NewStar Financial's current market capitalization is $448.9 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016


43.4 m33 m35.9 m154.5 m

Accounts Receivable

7.4 m7.5 m13.9 m14.6 m


833 k660 k638 k274 k


17.9 m17.9 m

Total Assets

2.6 b2.8 b4.1 b4 b

Accounts Payable

588 k6.6 m18.1 m21.3 m

Additional Paid-in Capital

655.1 m718.8 m743 m743.8 m

Retained Earnings

2.6 m14.5 m31.4 m59.6 m

Total Equity

616.2 m659.5 m647.4 m

Financial Leverage

4.2 x6.2 x6.2 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

24.6 m10.6 m16.9 m28.2 m

Cash From Operating Activities

56.8 m(110.8 m)(217.4 m)411.9 m

Purchases of PP&E

(771 k)(80 k)(218 k)(19 k)

Cash From Investing Activities

(504.4 m)(30.6 m)(967.7 m)(258.3 m)

Cash From Financing Activities

463.8 m131 m1.2 b(35 m)

Interest Paid

42.8 m57.5 m109.5 m158.1 m
Y, 2016

Financial Leverage

6.2 x

NewStar Financial Market Value History

NewStar Financial Company Life and Culture

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