Stavtar Solutions Appoints Jared Libby Director of Business Development; Continues its Dominance in Alternative Asset Manager Space

Industry veteran joins Stavtar following period of dramatic growth and software innovation 

NEW YORK, NY April 23, 2024: Stavtar Solutions, a software company focused on solutions for the alternative asset management industry, today announced it has appointed Jared Libby as Director of Business Development. Libby will be responsible for driving continued growth and momentum for Stavtar’s expanding product portfolio. 

The appointment follows Stavtar’s impressive track record in a relatively short period of time. Over 70 leading alternative asset managers across the globe, representing $1T in assets under management (AUM) use its platform StavPay to manage, automate and institutionalize their business spend process, workflows, expense allocations, budgets and financial reporting throughout their enterprise. 

“We founded Stavtar to streamline the complexities of business spend management for the world’s most sophisticated asset managers and empower them to better manage and analyze their operations,” said Steven Petersen, co-founder of Stavtar. “Jared’s extensive industry experience and demonstrated commitment to client service make him an invaluable addition to the Stavtar team. We’re thrilled to have him onboard as we continue to grow our client roster, product portfolio and revolutionize back offices around the globe.” 

Libby brings 20 years of business development and capital markets expertise to Stavtar, with a focus on the alternative investment space. Most recently, he served as Global Head of Strategic Business Development for TRG Screen, where he was instrumental in shaping the firm’s strategic positioning and expanding its global footprint.  

“Stavtar’s impressive growth and business expansion reflect the quality of the critical software and services they provide to the global alternative asset management community,” said Libby. “I’m excited to join this dynamic team that has established itself as the partner of choice for this complex industry and look forward to helping Stavtar meet the growing client and market demand for our offerings.” 

Stavtar’s flagship product, StavPay, is a Business Spend Management SaaS that sits above all other technologies and captures, houses and manages vendors, contracts and invoices while providing the ability to allocate expenses in unlimited ways and layers, using any attribute. After approval using customized workflows, StavPay integrates downstream for automatic booking to general ledgers, banks, wire platforms, fund administrators and any other relevant third parties. By empowering businesses to digitize organizational and financial data, StavPay provides robust and dynamic reporting from the highest to the lowest level of detail. 

About Stavtar Solutions

Stavtar Solutions is a premier provider of back-office solutions for the alternative investment industry. Founded by veterans of the industry, Stavtar is well versed in the marriage between people, processes, and technology. For more information about Stavtar Solutions, please visit:

Media contact:

Articulate Communications for Stavtar