NewStar Financial Inc. (which is referred to throughout this Annual Report as “NewStar”, “the Company”, “we” and “us”) is an internally-managed, commercial finance company with $6.7 billion of assets managed across two complementary business lines- middle market direct lending and asset management. The Company’s direct lending activities are focused on meeting the complex financing needs of companies and private investors in the middle market by offering a range of flexible debt financing options. Through its asset management platforms, NewStar offers a range of investment products employing credit-oriented strategies focused on middle market loans and liquid, tradeable credit. We believe these lending activities require specialized skills and transaction experience, as well as, a significant investment in personnel and operating infrastructure. To meet these demands, our loans and leases are originated directly by teams of credit-trained bankers organized around key industry and market segments. These teams are supported by centralized credit management and operating platforms. This structure enables us to leverage common standards, systems, and industry and professional expertise across multiple businesses.
Company profile
Ticker
NEWS
Exchange
Website
CEO
Timothy J. Conway
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
NewStar Financial, Inc.
SEC CIK
Corporate docs
IRS number
542157878
SEC advisor number
801-73634
FINRA CRD number
160114
AUM ?
$4.55 bn
(as of 5 Nov 20)
Accounts
13
(as of 5 Nov 20)
Employees
25
(15 investment advisory or research)
Address
First Eagle Private Credit
500 BOYLSTON STREET
SUITE 1200
BOSTON
MA 02116
500 BOYLSTON STREET
SUITE 1200
BOSTON
MA 02116
Office hours
Monday - Friday, 9AM - 5PM
Phone
617-848-2500
Brochures
Ownership
Owner | Title | From | %Ownership |
---|---|---|---|
Forde, Brian, Francis | Chief Compliance Officer | 05/2017 | < 5% |
Mahmud, Mehdi, Asif | Chief Executive Officer | 12/2017 | < 5% |
BCP CC Holdings L.P. | Shareholder | 12/2015 | 50-75% |
Blackstone Capital Partners VI L.P. | Limited Partner | 12/2015 | 25-50% |
Corsair Mentor L.P. | Limited Partner | 12/2015 | 25-50% |
Corsair Mentor Investors L.P. | Limited Partner | 12/2015 | > 75% |
Corsair Mentor Management L.P. | General Partner | 12/2015 | |
Corsair Capital LLC | General Partner | 06/2015 | |
Blackstone Management Associates VI LLC | General Partner | 12/2015 | |
Bma VI LLC | Sole Member | 12/2015 | > 75% |
Blackstone Holdings III L.P. | Managing Member | 12/2015 | 50-75% |
Blackstone Holdings III GP L.P. | General Partner | 12/2015 | |
Blackstone Holdings III GP Management LLC | General Partner | 12/2015 | |
the Blackstone Group L.P. | Sole Member | 12/2015 | > 75% |
First Eagle Holdings, Inc. | Managing Member and Parent Company | 03/1987 | > 75% |
First Eagle Investment Management, LLC | Sole and Managing Member | 10/2018 | > 75% |
Oconnor, David | Head of Legal and Compliance, Chief Legal Officer | 12/2017 | < 5% |
BCP CC Holdings GP L.L.C. | General Partner | 12/2015 | |
Corsair IV Financial Services Capital Partners L.P. | Member | 12/2015 | 50-75% |
Corsair IV Management L.P. | General Partner | 05/2010 | |
Corsair Partners Mentor Management, L.P. | General Partner | 12/2015 | |
Corsair Capital, L.P. | Sole Member | 01/2018 | > 75% |
Corsair Capital Group, LTD. | General Partner | 12/2010 | |
Vayu Investors LLC | Limited Partner | 01/2018 | 25-50% |
Jayanti, Dharma, Teja Ignacio | Sole Member | 01/2018 | > 75% |
Jayanti, Dharma, Teja Ignacio | Shareholder | 12/2010 | 50-75% |
Davies, Evan, Mervyn | Limited Partner | 03/2012 | 25-50% |
Davies, Evan, Mervyn | Shareholder | 03/2012 | 25-50% |
Corsair Capital LLC | General Partner | 12/2015 | |
Margulies, Brian | Head of Finance | 01/2020 | < 5% |
Dow, Melanie | Chief Administrative Officer | 07/2019 | < 5% |
Fellows, James, Ray | Chief Investment Officer | 02/2020 | < 5% |
Flynn, Christopher, John | President | 02/2020 | < 5% |
Olson, Terrence, William | Chief Financial Officer, Chief Operating Officer | 02/2020 | < 5% |
Rusnak-carlson, Sabrina | General Counsel | 02/2020 | < 5% |
Blackstone Capital Partners VI L.P. | Member | 12/2015 | 50-75% |
Corsair Capital Partners, L.P. | Limited Partner | 06/2015 | > 75% |
Corsair Capital Partners, L.P. | Limited Partner | 05/2010 | > 75% |
Corsair Capital Partners Group, LTD. | General Partner | 03/2012 |
Ownership
Fund structure | AUM | Fund type |
---|---|---|
First Eagle Private Credit, LLC | $4.55 bn | |
Arch Street Clo, LTD | $403.23 mm | Securitized Asset Fund |
First Eagle Berkeley Fund Clo LLC | $496.46 mm | Securitized Asset Fund |
First Eagle BSL Clo 2019-1 LTD. | $398.11 mm | Securitized Asset Fund |
First Eagle Clarendon Fund Clo LLC | $322.91 mm | Securitized Asset Fund |
First Eagle Commercial Loan Funding 2016-1 LLC | $326.07 mm | Securitized Asset Fund |
First Eagle DL Fund I Aggregator LLC | $327.28 mm | Hedge Fund |
First Eagle Direct Lending Fund I (Ee), LP | ||
First Eagle Direct Lending Fund I (Parallel), LP | ||
First Eagle Direct Lending Fund I, LP | ||
Hull Streeet Clo, LTD | $312.27 mm | Securitized Asset Fund |
Longfellow Place Clo, LTD | $494.24 mm | Securitized Asset Fund |
Newstar Arlington Senior Loan Program LLC | $404.17 mm | Securitized Asset Fund |
Newstar Commercial Loan Funding 2017-1 LLC | $291.28 mm | Securitized Asset Fund |
Newstar Exeter Fund Clo LLC | $221.25 mm | Securitized Asset Fund |
Newstar Fairfield Fund Clo, LTD | $381.08 mm | Securitized Asset Fund |
Staniford Street Clo, LTD | $169.37 mm | Securitized Asset Fund |
Latest filings (excl ownership)
15-12B
Securities registration termination
2 Jan 18
EFFECT
Notice of effectiveness
27 Dec 17
EFFECT
Notice of effectiveness
27 Dec 17
EFFECT
Notice of effectiveness
27 Dec 17
25-NSE
Exchange delisting
22 Dec 17
8-K
NewStar Stockholders Approve Acquisition by First Eagle
22 Dec 17
POS AM
Prospectus update (post-effective amendment)
22 Dec 17
POS AM
Prospectus update (post-effective amendment)
22 Dec 17
POS AM
Prospectus update (post-effective amendment)
22 Dec 17
S-8 POS
Registration of securities for employees (post-effective amendment)
22 Dec 17
Latest ownership filings
SC 13G/A
NewStar Financial, Inc.
9 Feb 18
SC 13G/A
NewStar Financial, Inc.
9 Feb 18
4
Four Mark R. du
22 Dec 17
4
RICHARD E THORNBURGH
22 Dec 17
4
Timothy J Conway
22 Dec 17
4
MAUREEN OHARA
22 Dec 17
4
John Kirby Bray
22 Dec 17
4
BRADLEY E COOPER
22 Dec 17
4
Patrick F McAuliffe
22 Dec 17
4
Brian Fallon
22 Dec 17
Institutional ownership, Q2 2024
13F holders | Current |
---|---|
Total holders | 1 |
Opened positions | 1 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 226.83 mm |
Total shares | 11.81 k |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Coppell Advisory Solutions | 11.81 k | $226.83 mm |