0001140361-17-045800.txt : 20171212 0001140361-17-045800.hdr.sgml : 20171212 20171212111617 ACCESSION NUMBER: 0001140361-17-045800 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20171212 DATE AS OF CHANGE: 20171212 GROUP MEMBERS: BRADLEY E. COOPER GROUP MEMBERS: CAPITAL Z PARTNERS III GP, L.P. GROUP MEMBERS: CAPITAL Z PARTNERS III GP, LTD. GROUP MEMBERS: CAPITAL Z PARTNERS III, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NewStar Financial, Inc. CENTRAL INDEX KEY: 0001373561 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE LESSORS [6172] IRS NUMBER: 542157878 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-82274 FILM NUMBER: 171251186 BUSINESS ADDRESS: STREET 1: 500 BOYLSTON STREET STREET 2: SUITE 1250 CITY: BOSTON STATE: MA ZIP: 02116 BUSINESS PHONE: (617) 848-2500 MAIL ADDRESS: STREET 1: 500 BOYLSTON STREET STREET 2: SUITE 1250 CITY: BOSTON STATE: MA ZIP: 02116 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Capital Z Partners Management, LLC CENTRAL INDEX KEY: 0001455704 IRS NUMBER: 205815234 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 142 WEST 57TH STREET STREET 2: 3RD FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 212 965-2328 MAIL ADDRESS: STREET 1: 142 WEST 57TH STREET STREET 2: 3RD FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 SC 13D/A 1 form13da.htm SC 13D/A
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934
(Amendment No. 4)*

NewStar Financial, Inc.
(Name of Issuer)

Common Stock
(Title of Class of Securities)

65251F105
(CUSIP Number)

Capital Z Partners, Ltd.
142 West 57th Street
New York, New York 10019
 (212) 965-0800
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

December 8, 2017
(Date of Event which Requires Filing of this Statement)
 
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the following box:  ☐
 
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.
 
*      The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
 
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
 
CUSIP No. 65251F105
(1)
NAME OF REPORTING PERSONS
 
 
Capital Z Partners Management, LLC
 
 
 
 
(2)
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
(a)
☐
 
(b)
☒
 
 
(3)
SEC USE ONLY:
 
 
 
 
 
 
 
(4)
SOURCE OF FUNDS (SEE INSTRUCTIONS):
 
 
AF, PF, OO
 
 
 
 
(5)
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E):
 
 
 
 
 
 
(6)
CITIZENSHIP OR PLACE OF ORGANIZATION:
 
 
Delaware
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
(7)
SOLE VOTING POWER:
 
 
40,244
 
 
 
 
(8)
SHARED VOTING POWER:
 
 
0
 
 
 
 
(9)
SOLE DISPOSITIVE POWER:
 
 
40,244
 
 
 
 
(10)
SHARED DISPOSITIVE POWER:
 
 
0
 
 
 
 
(11)
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
 
 
40,244
 
 
 
 
(12)
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
 
 
 
 
 
 
 
(13)
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
 
 
0.1%
 
 
 
 
(14)
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
 
 
OO
 
 
 
 
 
2
CUSIP No. 65251F105
(1)
NAME OF REPORTING PERSONS
 
 
Capital Z Partners III, L.P.
 
 
 
 
(2)
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
(a)
☐
 
(b)
☒
 
 
(3)
SEC USE ONLY:
 
 
 
 
 
 
 
(4)
SOURCE OF FUNDS (SEE INSTRUCTIONS):
 
 
PF, AF, OO
 
 
 
 
(5)
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E):
 
 
 
 
 
 
 
(6)
CITIZENSHIP OR PLACE OF ORGANIZATION:
 
 
Cayman Islands
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
(7)
SOLE VOTING POWER:
 
 
0
 
 
 
 
(8)
SHARED VOTING POWER:
 
 
0
 
 
 
 
(9)
SOLE DISPOSITIVE POWER:
 
 
0
 
 
 
 
(10)
SHARED DISPOSITIVE POWER:
 
 
0
 
 
 
 
(11)
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
 
 
0
 
 
 
 
(12)
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
 
 
 
 
 
 
 
(13)
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
 
 
0%
 
 
 
 
(14)
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
 
 
PN
 
 
 
 


3
CUSIP No. 65251F105

(1)
NAME OF REPORTING PERSONS
 
 
Capital Z Partners III GP, L.P.
 
 
 
 
(2)
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
(a)
☐
 
(b)
☒
 
 
(3)
SEC USE ONLY:
 
 
 
 
 
 
 
(4)
SOURCE OF FUNDS (SEE INSTRUCTIONS):
 
 
PF, AF, OO
 
 
 
 
(5)
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E):
 
 
 
 
 
 
 
(6)
CITIZENSHIP OR PLACE OF ORGANIZATION:
 
 
Cayman Islands
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
(7)
SOLE VOTING POWER:
 
 
0
 
 
 
 
(8)
SHARED VOTING POWER:
 
 
0
 
 
 
 
(9)
SOLE DISPOSITIVE POWER:
 
 
0
 
 
 
 
(10)
SHARED DISPOSITIVE POWER:
 
 
0
 
 
 
 
(11)
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
 
 
0
 
 
 
 
(12)
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
 
 
 
 
 
 
 
(13)
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
 
 
0%
 
 
 
 
(14)
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
 
 
PN
 
 
 
 
 
4
CUSIP No. 65251F105
(1)
NAME OF REPORTING PERSONS
 
 
Capital Z Partners III GP, Ltd.
 
 
 
 
(2)
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
(a)
☐
 
(b)
☒
 
 
(3)
SEC USE ONLY:
 
 
 
 
 
 
 
(4)
SOURCE OF FUNDS (SEE INSTRUCTIONS):
 
 
PF, AF, OO
 
 
 
 
(5)
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E):
 
 
 
 
 
 
 
(6)
CITIZENSHIP OR PLACE OF ORGANIZATION:
 
 
Cayman Islands
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
(7)
SOLE VOTING POWER:
 
 
 0
 
 
 
 
(8)
SHARED VOTING POWER:
 
 
 0
 
 
 
 
(9)
SOLE DISPOSITIVE POWER:
 
 
 0
 
 
 
 
(10)
SHARED DISPOSITIVE POWER:
 
 
 0
 
 
 
 
(11)
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
 
 
 0
 
 
 
 
(12)
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
 
 
 
 
 
 
 
(13)
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
 
 
0%
 
 
 
 
(14)
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
 
 
PN
 
 
 
 
 
5
CUSIP No. 65251F105
(1)
NAMES OF REPORTING PERSONS
 
 
Bradley E. Cooper
 
 
 
 
(2)
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
(a)
☐
 
(b)
☒
 
 
(3)
SEC USE ONLY:
 
 
 
 
 
 
 
(4)
SOURCE OF FUNDS (SEE INSTRUCTIONS):
 
 
PF, AF, OO
 
 
 
 
(5)
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E):
 
 
 
 
 
 
 
(6)
CITIZENSHIP OR PLACE OF ORGANIZATION:
 
 
United States
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
(7)
SOLE VOTING POWER:
 
 
91,896
 
 
 
 
(8)
SHARED VOTING POWER:
 
 
40,244
 
 
 
 
(9)
SOLE DISPOSITIVE POWER:
 
 
91,896
 
 
 
 
(10)
SHARED DISPOSITIVE POWER:
 
 
40,244
 
 
 
 
(11)
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
132,140
 
 
 
 
(12)
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
 
 
 
 
 
 
 
(13)
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
 
 
0.3%
 
 
 
 
(14)
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
 
 
IN; CO
 
 
 
 
6
Amendment to Schedule 13D
 
ITEM 1.
SECURITY AND ISSUER
 
This Amendment No. 4 (the “Amendment”) amends the Schedule 13D, filed on December 7, 2007, as amended on January 18, 2008, October 25, 2016 and November 9, 2016 (as amended from time to time, the “Amended Schedule 13D”), and relates to shares of common stock, $0.01 par value per share (“Common Stock”), of NewStar Financial, Inc., a Delaware corporation (the “Issuer”).  The Schedule 13D remains in full force and effect, except as specifically amended by this Amendment.  Capitalized terms used herein and not otherwise defined shall have the meaning ascribed to them in the Amended Schedule 13D.
 
ITEM 2.
IDENTITY AND BACKGROUND
 
This Schedule 13D is being filed jointly by the following persons (the “Reporting Persons”):
 
(1)
Capital Z Partners Management, LLC (“CZPM”);
 
(2)
Capital Z Partners III, L.P. (formerly known as Union Square Partners, L.P.) (“Capital Z III Fund”);
 
(3)
Capital Z Partners III GP, L.P. (formerly known as Union Square Partners GP, L.P.) (“Capital Z III GP LP);
 
(4)
Capital Z Partners III GP, Ltd. (formerly known as Union Square Partners GP, Ltd.) (“Capital Z III GP LTD”); and
 
(5)
Bradley E. Cooper (“Mr. Cooper” and, together with CZPM, , the “Continuing Reporting Persons”).
 
ITEM 4.
PURPOSE OF THE TRANSACTION
 
On December 8, 2017, Capital Z III Fund made a pro rata distribution, without consideration, of all shares of Common Stock owned by it to its respective partners.
 
ITEM 5.
INTEREST IN SECURITIES OF THE ISSUER
 
(a), (b).  The responses set forth on rows 7 through 13 of the cover pages of this Amendment No. 4 are incorporated herein by reference.
 
As of the date hereof, the Continuing Reporting Persons will beneficially own in the aggregate 132,140 shares of Common Stock.  Based upon a total of 41,555,754 outstanding shares of Common Stock as of November 1, 2017, as reflected in the Issuer’s Form 10-Q filed on November 3, 2017, the Continuing Reporting Persons’ shares represent approximately 0.3% of the outstanding shares of Common Stock.
 
CZPM directly owns 40,244 shares of Common Stock.
 
Mr. Cooper directly owns 91,896 shares of Common Stock.  Mr. Cooper is a director of the Issuer and, in his capacity as an officer and co-owner of CZPM, may be deemed to beneficially own the aggregate 40,244 shares owned by CZPM.  Mr. Cooper disclaims beneficial ownership of the securities owned by CZPM, except to the extent of any indirect pecuniary interest therein.
 
7
SIGNATURES
 
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
 
Date:  December 12, 2017

CAPITAL Z PARTNERS MANAGEMENT, LLC

 
By:
 /s/  Craig Fisher
 
Name:
Craig Fisher
 
Title:
General Counsel - Authorized Signatory
 
CAPITAL Z PARTNERS III, L.P.
 
By its general partner, Capital Z Partners III GP, L.P.
 
 
By:
 /s/  Craig Fisher
 
Name:
Craig Fisher
 
Title:
General Counsel - Authorized Signatory
 
CAPITAL Z PARTNERS III GP, L.P.
 
 
By:
 /s/  Craig Fisher
 
Name:
Craig Fisher
 
Title:
General Counsel - Authorized Signatory
 
CAPITAL Z PARTNERS III GP, LTD.
 
 
By:
 /s/  Craig Fisher
 
Name:
Craig Fisher
 
Title:
General Counsel - Authorized Signatory
 
/s/  Bradley E. Cooper
Bradley E. Cooper

 
8