Newport Partners
 
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Company History
 
  Since 1998, Newport Partners has placed over $420 million in tax credit equity and closed over 85 projects.  Starting in the area of tax credit syndication for select institutional investors, our business has grown.  In addition to providing asset management and tax credit consulting services, we are also seeking renewable energy production tax credits (PTC's) while developing tax credit qualifying projects with our clients.
   
  In 2001, we formed a joint venture with Alliant Capital, Ltd., whereby we originate, close, and asset manage LIHTC projects under the Alliant Capital marketing umbrella.  Alliant Capital is annually one of the largest tax credit syndication firms in the country.
   
  In 2003, we formed several real estate development partnerships to develop market rate affordable and low income tax credit properties.
   
  In 2004, we acted as a financial advisor to the developer of a 35 MW closed loop biomass project and subsequent sale of the project to the cities of Virginia and Hibbing, Minnesota.


 

Our People
 
  Jong Limb is the President and founder of Newport Partners, LLC based in Irvine, California.  Mr. Limb has been involved with the tax credit industry since 1988, serving as President for one of the largest direct corporate tax credit investment programs in the country.  Mr. Limb formed Newport in 1998, sourcing tax credit investments on behalf of institutional investors and providing consulting services for developers of affordable housing projects.  Prior to 1988, Mr. Limb worked for San Diego Gas and Electric with responsibilities over pension investments.  Mr. Limb has a bachelor degree in Accounting and Economics from New York University and an MBA with an emphasis in Finance from the University of San Diego.
  Monique Hastings is Vice President and co-founder of Newport Partners, LLC and is responsible for the investment execution process including due diligence, negotiation, and closing of investment transactions.  Previously, she was Director of Property Investment and Asset Management for a national direct tax credit investment program where she managed their east coast office and presided over $200 million of equity closings and oversaw the asset management of over 16,000 units.  Prior to 1993, Ms. Hastings was a Property Development Manager for an electric utility land subsidiary.  She also spent four years in public accounting.  Ms. Hastings has a Bachelor of Arts degree in Business Administration with an emphasis in Accounting from California State University, Fullerton.
  John Carroll is a Vice President of Newport Partners, LLC, responsible for relationship management, investment identification, structuring and acquiring of tax credit investments.  A co-founder of Newport, he has 20 years of structured finance experience with a variety of debt, equity, and off balance sheet transactions for a diverse range of industries and customers.  Mr. Carroll was previously a Director of a utility investment company where over an 8-year period he served as a Vice President of a Vendor Finance/Energy Services business unit and headed the Corporate Finance, Credit, and Asset Management departments.  Prior to 1990, Mr. Carroll worked in the corporate finance, municipal finance, and project finance areas for Bank of America, The Fuji Bank, Ltd. and as Vice President for ABN-AMRO Bank.  Mr. Carroll has a Bachelor of Science degree in Finance from the University of Southern California.
Warren Allen is a Vice President of Newport Partners.  Prior to joining Newport, Mr. Allen served as Controller for a $15 million division of a multi-national plastics manufacturing firm in Southern California.  Mr. Allen previously spent four years with a national tax credit investment and syndication firm, serving as Manager of Investment Analysis.  Mr. Allen has a Bachelor of Arts degree in Business Administration with a concentration in Finance from California State University, Fullerton and an MBA with an emphasis in Finance from the University of Southern California.




 

 
 
 

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