Former private equity investor, philanthropist and financial executive, Stephen Murray, died in March 2015. Murray was a highly accomplished financial executive who dedicated his skills and time to his work. Before his untimely death, Murray headed a spin-out firm from JPMorgan Partners called CCMP Capital. He served as the firm’s Chief Executive Officer and board chairman.
Devout Family Man
Speaking of his former colleague and friend, current CCMP Chairman, Greg Brenneman, expressed his sincere and deepest condolences for the Murray family on behalf of the entre firm. He said that Murray was a great man, a good husband and a wonderful father to his sons.
Murray relinquished his position at CCMP citing health reasons one month before he succumbed to his illness. The 52-year-old had devoted over 25 years at the firm and its previous affiliates. Brenneman described Murray as a brilliant deal maker and terrific investor who had spent a better part of his career working in the private equity sector. Learn more about Stephen Murray CCMP Capital: http://www.bloomberg.com/news/articles/2015-03-13/stephen-murray-ex-ccmp-chief-who-helped-build-firm-dies-at-52
Stephen Murray went to Boston College in 1980 and graduated four years later with an economics degree. He later returned to school, this time at Columbia Business School, for his Bachelor of Administration master’s degree and graduated in 1989.
Between 1984 and 1989, Stephen Murray CCMP Capital participated in a training program for credit analysts that was organized by Manufacturers Hanover Corporation.
In 1989, Stephen Murray relied on his stint at Manufacturers Hanover Corporation (MHC) to secure a job at MH Equity Corporation. MH Equity Corp. combined its leveraged finance division with MHC. In 1991, MHC was sold to Chemical Bank while MH Equity entered into a merger with Chemical venture Partners. Later in 1996, Chemical Venture Partners changed to Chase Capital Partners while Chase Manhattan Corp. and Chemical Bank merged.
In 2005, Stephen Murray was appointed the head of JP Morgan Partners’ buyout business. This appointment allowed him to leverage his new position to lead the spinoff group that created CCMP Capital. The new firm contained the JP Morgan’s growth equity and buyout teams. The next year, he became the firm’s CEO. During his tenure, he grew CCMP Capital into a successful firm that raised multibillion-dollar funds with the latest being a $3.6 billion fund.
Murray was actively involved in several boards in his career. These include Aramark, Pinnacle Foods, AMC Entertainment and Generac Power Systems. His philanthropic affiliations included the Stamford Museum, Boston College, Columbia Business School and Make-A-Wish Foundation (Metro New York).