Paygevity Adds Blackstone Launchpad Managing Director to Its Growing List of Institutional Partners & Advisors
Latest Addition Boosts Ability to Generate Long-term Value for PE-backed Portfolio Companies
May 15, 2018. Felix Litvinsky, Managing Director Blackstone Launchpad at Cornell University, joins the Paygevity team as a corporate growth mentor. A seasoned international tech entrepreneur, Felix is an active member of various angel investor groups and has a distinguished track-record in launching tech startups and developing new markets. He also serves as a mentor at Techstars and advisor to Princeton University’s Keller Center for Engineering Innovation.
At a Brown Advisory conference in Washington, D.C., Louis A. Young II, President of Paygevity, stated that “Private equity firms often move aggressively, and successfully, to improve working capital management (WCM) when they take-over a company. Blackstone is definitely one of the best out there with over $300B AUM….having Felix and Blackstone Launchpad advise [Paygevity] will only bolster our ability to generate long-term value for the PE-backed portfolio companies we serve.”