In February 2015, Stephen Murray who was the CEO of CCMP Capital left the firm. Around five months before then, the private equity firm had raised $3.6 billion. CCMP Capital is a private equity investment firm. Its main transactions are leveraged buyouts and capital growth. Stephen Murray was among the co-founders. He had been working at CCMP since 1999. His last year in CCMP had been very successful.
The firm was known as Chase Capital Partners after which it became JPMorgan Partners. The group became independent in 2006 and the next year; Stephen became the CEO after Jeff Walker. Stephen had been a board member in various companies including Octagon Credit Investors and Crestcom International among many others. Stephen Murray CCMP Capital’s representative did not answer any questions on who was to succeed Murray, but she said that he left for health reasons.
After he had left the firm, Stephen passed away at 52 years. This was about a month after leaving the firm. Greg Brenneman who became president and CEO after Murray said that the demise of Murray deeply saddened the firm. While sending a message of condolence, Greg described Murray as a great investor who made successful deals. He added how much he loved and valued his family, which included his wife and four children.
Stephen Murray graduated with a Degree in Economics from Boston College in 1984. Five years later, he got his Master’s Degree in Business Administration from Columbia Business School. He was hired in Manufacturers Hanover Trust Company as a credit trainee. The company is based in New York. With time, he became the vice president of middle market lending. In 1989, he joined the Manufacturers Hanover’s private equity and leveraged finance unit. Murray headed the bank buyout business since 2005. At that time, Stephen Murray CCMP Capital was known for its investments in middle market deals and was quite good at it.
Murray was not concentrating on business only. He was a philanthropist. He supported institutions such as Columbia business school, Stamford Museum, the Food Bank of Lower Fairfield County and Boston College. Stephen Murray CCMP Capital did an exceptional job when he was the Vice Chairman of Boston College board of trustees. He was also a supporter of Make-A-Wish Foundation based in New York. There he was in the coordinator’s council. After Murray’s death, his family requested that instead of sending flowers, donations would be made to the Food Bank of Lower Fairfield.