Star Mountain Capital
David Javdan is a Managing Director with Alvarez & Marsal Business Consulting, LLC, (“Alvarez & Marsal”) in Washington D.C. and New York and an appointed Deputy Attorney General to Governor Andrew Cuomo’s “Commission to Investigate Public Corruption.” As a former legal executive and federal and state financial regulator, he brings seasoned experience and credibility in the corporate and public sectors. He has extensive knowledge in private equity investing, small business lending, sophisticated financial transactions, complex financial accounting and audit matters, health care law and multi-party international litigation.
Prior to joining Alvarez & Marsal , Mr. Javdan served as General Counsel of the U.S. Small Business Administration (“SBA”) which included being on the Investment Committee of the SBIC program. At the SBA, he worked closely with the White House and Office of Management and Budget Counsel, the U.S. Department of Justice, various U.S. attorneys, Inspectors General, Government Accountability Office auditors and the general counsels of various cabinet departments. He supervised approximately 450 professionals in 70 offices and served as CEO of the legal department. He was also a Chief Ethics Officer for an independent federal financial agency with a $125 billion loan and $30 billion venture capital portfolio and worked diligently with the agency’s CFO to obtain the agency’s first clean financial audit in seven years.
During his almost four years at SBA, Mr. Javdan was intimately involved with inner workings of the SBIC program. He served as Chief Legal Advisor to the program, providing binding legal opinions and having to approve or disapprove every SBIC application that came through the program for legal sufficiency. He and his Deputy General Counsel comprised two out of the four active voting members of the Agency Licensing Committee that had final approval – or disapproval – of each and every SBIC application to the program during his tenure.
Mr. Javdan has served as a member of the Acquisition Advisory Panel, which reviews and proposes changes to federal procurement laws, a position he was appointed to by the White House Director of Federal Procurement Policy. He was also a member of the board of directors of the New York State Banking Department, chosen by Governor George Pataki and confirmed unanimously by the New York State Senate. Previously, he served as Special Counsel to the New York State Senate on Holocaust and Health Care issues. He was later appointed by Governor Pataki to the Technical Advisory Committee on Individual Health Care policy.
Before joining the SBA, Mr. Javdan was an attorney with Stroock & Stroock & Lavan LLP, where he primarily focused on insurance, international financial institutions, health care, and litigation. There, he represented the Austrian Jewish community on Holocaust restitution matters, leading negotiating sessions with the U.S. State Department and Austrian Ministry of Foreign Affairs and participated in complex, multi-party international litigation.
Mr. Javdan earned a bachelor’s degree from Columbia University and a Juris Doctor degree from Fordham Law School. He helped found and served as pro bono counsel to a number of charitable organizations, including the JED Foundation, a national organization dedicated to helping prevent suicide among college students and the Iranian American Jewish Federation. He also served on the board of trustees of an NAIS elementary school, on the national board of the Columbia College Alumni Association and as a member of the Coro Foundation’s Leadership New York program. He is currently a trustee on the executive committee of the New York Citizen’s Budget Commission and a board member of Hope Street Group.
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Star Mountain Capital
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Star Mountain Capital ($1.5bn + AUM) has a differentiated business model and “Collaborative Ecosystem” including its three channel approach to investing into small and medium-sized businesses via Direct Investments, Strategic Primary Fund Investments and Secondary Fund Investments. Star Mountain invests: 1. As a strategic limited partner into other private equity and private credit fund managers focused on the lower-middle-market (including SBIC funds and as an anchor investor); 2. As a secondary investor providing liquidity to existing limited partner investors; and, 3. Directly into companies to help them grow (in the form of senior debt, mezzanine and/or equity investments). Star Mountain often partners with its portfolio of top performing fund managers to help "match" businesses with investment partners who are best suited to maximize value for business owners. Investing in the Growth Engine of America ® – Star Mountain is a specialized investor exclusively focused on providing capital to lower middle-market established small and medium-sized private U.S. businesses that have between $2 million and $20 million of EBITDA. Star Mountain’s data-driven approach, bringing large market expertise and resources to private equity and private credit investing is powered by its custom-built technology and its Collaborative Ecosystem ®. Star Mountain was recognized as one of the Best Places to Work by both Crain’s and Pensions & Investments. Crain’s two-part survey process consisted of evaluating each nominated company’s workplace policies, practices, philosophy, systems and demographics. The second part involved an employee survey to measure the employee experience. The combined scores determined the top companies and the final ranking. Detailed eligibility criteria can be found here: https://www.bestplacestoworknyc.com/eligibility-criteria P&I partners with a company called Best Companies Group on the survey that is behind the Best Places to Work program. P&I works with them to develop the parts of the questionnaires that are specific to money management. Beyond those questions, P&I’s survey partner develops and scores the surveys. P&I only sees anonymous responses to questions, identified only by the company name. If Best Companies determines that a firm scores above the threshold cutoff that they have set for a firm to be considered a Best Place to Work then P&I names them on their list. P&I uses the same cutoff for all firms but rank the firms against their peers by number of employees. P&I only ranks the top 5 firms per size category and then list the rest in alphabetical order. There is no fee to participate in the Best Places to Work in Money Management program. P&I’s partner, Best Companies Group, does offer some of the results of the surveys for sale to each participating company, but that has no influence on how a company is ranked or whether or not they are recognized as a best place to work. Detailed eligibility criteria can be found here: https://www.bestplacestoworkmm.com/eligibility-criteria