Edgar Filing: NewStar Financial, Inc.

Ownership Submission

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Â Union Square Partners GP, Ltd.

2. Date of Event Requiring Statement (Month/Day/Year)
11/29/2007

3. Issuer Name and Ticker or Trading Symbol
NewStar Financial, Inc. [NEWS]

(Last)

(First)

(Middle)

230 PARK AVENUE SOUTH,Â 11TH FLOOR

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	_____ 10% Owner
_____ Officer (give title below)	__X__ Other (specify below)
See Remarks Section

5. If Amendment, Date Original Filed(Month/Day/Year)

(Street)

NEW YORK,Â NYÂ 10003

6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock, $0.01 par value per share	2,319,386	I ⁽¹⁾	See Footnote ⁽¹⁾
Common Stock, $0.01 par value per share	5,514,798	I ⁽²⁾	See Footnote ⁽²⁾

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)
Warrant (right to buy)	06/18/2004	06/18/2014	Common Stock	200,174	$ 10	I ⁽³⁾	See Footnote ⁽³⁾
Option (right to buy)	12/13/2006	12/13/2016	Common Stock	5,000	$ 17	I ⁽⁴⁾ ⁽⁵⁾	See Footnotes ⁽⁴⁾ ⁽⁵⁾

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Union Square Partners GP, Ltd. 230 PARK AVENUE SOUTH 11TH FLOOR NEW YORK,Â NYÂ 10003	Â	Â	Â	See Remarks Section
Union Square Partners, L.P. 230 PARK AVENUE SOUTH 11TH FLOOR NEW YORK,Â NYÂ 10003	Â	Â	Â	See Remarks Section
Union Square Partners GP, L.P. 230 PARK AVENUE SOUTH 11TH FLOOR NEW YORK,Â NYÂ 10003	Â	Â	Â	See Remarks Section
CAPITAL Z FINANCIAL SERVICES PRIVATE FUND II, L.P. 230 PARK AVENUE SOUTH 11TH FLOOR NEW YORK,Â NYÂ 10003	Â	Â	Â	See Remarks Section
CAPITAL Z PARTNERS LP 230 PARK AVENUE SOUTH 11TH FLOOR NEW YORK,Â NYÂ 10003	Â	Â	Â	See Remarks Section
CAPITAL Z PARTNERS LTD 230 PARK AVENUE SOUTH 11TH FLOOR NEW YORK,Â NYÂ 10003	Â	Â	Â	See Remarks Section
CAPITAL Z FINANCIAL SERVICES FUND II LP 230 PARK AVENUE SOUTH 11TH FLOOR NEW YORK,Â NYÂ 10003	Â	Â	Â	See Remarks Section
Capital Z Management, LLC 230 PARK AVENUE SOUTH 11TH FLOOR NEW YORK,Â NYÂ 10003	Â	Â	Â	See Remarks Section

Signatures

/s/ Craig Fischer, Union Square Partners GP, Ltd.		12/07/2007
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Due to the limitation on the amount of characters used, please see Footnote 1 in Exhibit 99.2 - Footnotes.
(2)	Due to the limitation on the amount of characters used, please see Footnote 2 in Exhibit 99.2 - Footnotes.
(3)	Due to the limitation on the amount of characters used, please see Footnote 3 in Exhibit 99.2 - Footnotes.
(4)	Due to the limitation on the amount of characters used, please see Footnote 4 in Exhibit 99.2 - Footnotes.
(5)	Due to the limitation on the amount of characters used, please see Footnote 5 in Exhibit 99.2 - Footnotes.
Â Remarks: SeeÂ ExhibitÂ 99.1Â JointÂ FilerÂ Information.Â UnionÂ SquareÂ PartnersÂ GP, Ltd.,Â UnionÂ SquareÂ PartnersÂ GP,Â L.P.Â andÂ UnionÂ SquareÂ Partners,Â L.P.Â mayÂ be deemedÂ toÂ beÂ partÂ ofÂ aÂ "group"Â alongÂ withÂ CapitalÂ ZÂ FinancialÂ ServicesÂ FundÂ II L.P.,Â CapitalÂ ZÂ FinancialÂ ServicesÂ PrivateÂ FundÂ II,Â L.P.,Â andÂ CapitalÂ Z Management,Â LLCÂ (withinÂ theÂ meaningÂ ofÂ RuleÂ 13d-5(b)Â underÂ theÂ Securities ExchangeÂ ActÂ ofÂ 1934,Â asÂ amended).

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