NewStar hires managing directors Catlin and Johnson to focus on middle market

By Devika Patel

Knoxville, Tenn., March 17 -NewStar Financial, Inc. said it has expanded its direct origination platform covering the middle market by hiring Ross Catlin and Thad Johnson as managing directors.

Catlin, based in the firm's Darien office, will be responsible for loan origination on the East Coast. He has 15 years' experience in originating and structuring senior and subordinated debt financing to middle-market companies backed by leading private equity sponsors.

He most recently was a managing director of the middle-market sponsor finance group at FirstLight Financial Corp. Prior to that, Catlin was a managing director of the leveraged finance group at Bank of Ireland.

Johnson, working from the company's Chicago office, will lead NewStar's loan origination efforts in the Midwest and West Coast regions. He most recently was a managing director of Merrill Lynch Capital's syndications and capital markets team, where he was responsible for pricing, structuring and distributing leveraged finance and asset based transactions.

Prior to joining Merrill Lynch, Johnson was a director in the acquisition finance group of Fleet Securities. There, he focused on leveraged loan origination from private equity sponsors.

"I am excited to welcome two high-caliber bankers to the team," NewStar's head of middle-market origination David Dobies said in a press release.

"Both Ross and Thad bring to NewStar a powerful combination of long term relationships in our target market, deep execution and credit experience and a solid background in the capital markets.

"Their experience and credit expertise are exceptionally valuable during times of uncertainty and will help reinforce our position in the marketplace as a reliable, sophisticated credit partner."

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