NewStar Financial (NEWS) Misses Q4 EPS by 7c
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NewStar Reports Net Income of $1.2 Million, or $0.02 Per Diluted Share for the Fourth Quarter and $10.6 Million, or $0.21 Per Diluted Share for 2014
February 11, 2015 6:55 AM ESTRelationship With Blackstone's GSO Capital and Franklin Square Helps Drive Strong Growth in Managed Assets as the Company Closes New Credit Fund and Begins Deploying Capital From Recent Strategic Investment
Strategic Relationship Closed a new $400 million managed credit fund with an anchor investment from funds sponsored by Franklin Square Capital Partners ("Franklin Square") and sub-advised by Blackstone's GSO Capital ("GSO") and completed the initial closing of their strategic investment in the Company. New Loan Volume Originated new loan volume of $775 million in the fourth quarter and $1.8 billion for the full year,... More