NewStar Financial (NEWS) Reports In-Line Q3 EPS; Forms 'Strategic' Relationship with GSO Capital
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NewStar Reports Third Quarter Net Income of $5.0 Million, or $0.10 Per Diluted Share
November 5, 2014 6:55 AM ESTStrategic Initiatives Announced a strategic relationship with Blackstone's GSO Capital and Franklin Square Capital Partners to expand the Company's lending and asset management platforms supported by a long-term investment of $300 million by funds managed by Franklin Square Capital Partners and sub-advised by GSO. New Loan Volume Originated new loan volume of $409 million, up $83 million or 25% from the prior quarter and $125 million from the same period last year. Asset Growth Increased total assets under management by $119 million from the prior quarter to more than $2.5 billion. Credit Costs Provision... More
