Exhibit 21

Subsidiaries of the Company

Name	State or other jurisdiction of incorporation
75 Sylvan NS Two Holding LLC	Delaware
Alameda NS Four Holding LLC	Delaware
Baseline NS Five Holding LLC	Delaware
Boulders NS First Holding LLC	Delaware
Core Business Credit LLC	Delaware
Core Business Funding LLC	Delaware
Core Business Lending LLC	Delaware
Hereford Funding, LLC	Delaware
NewStar ArcTurus CLO I Ltd.	Cayman Islands
NewStar Asset Management LLC	Delaware
NewStar Commercial Loan Trust 2006-1	Delaware
NewStar Commercial Loan Trust 2007-1	Delaware
NewStar Concentration LLC	Delaware
NewStar CP Funding, Inc.	Delaware
NewStar CP Funding, LLC	Delaware
NewStar DB Term Funding LLC	Delaware
NewStar Equipment Finance I, LLC	Delaware
NewStar Financial California, LLC	Delaware
NewStar Loan Funding, LLC	Delaware
NewStar Securities Corporation, Inc (f/k/a NewStar Repo Funding, Inc.)	Massachusetts
NewStar Short-Term Funding, LLC	Delaware
NewStar Structured Finance Opportunities, LLC	Delaware
NewStar Trust 2005-1	Delaware
NewStar Warehouse Funding 2005, LLC	Delaware
NS Sticky Fingers I LLC	Delaware
NewStar Commercial Loan Trust 2009-1	Delaware