The Life and Accomplishments of Veteran Investor Stephen Murray

Stephen Murray was a globally renowned private equity investor and leading philanthropist. Mr. Murray passed on March 12, 2015, at the age of 52. He was the head of CCMP Capital and served in the capacity of president and CEO. CCMP is a top private equity company that handles complex growth transactions and buyout. He became a qualified credit analyst after completing the training program offered by the Manufacturers Hanover Corporation.

Journey to the top

In 1989, Stephen Murray started working for MH Equity Corporation, a firm that merged its finance unit with the private equity group of Manufacturers Hanover. Murray held several influential positions at companies such as Chemical Bank, Chemical Venture Partners, and JP Morgan Chase – these companies were formed after a series of mergers and acquisitions. In 2006, Murray masterminded the spinout of the buyout and growth equity group from JP Morgan Chase. Murray and his business associates named the group CCMP Capital. In 2007, the governing council of CCMP appointed Murray as the president.

CCMP Capital’s first independent fund

Under Murray’s leadership, CCMP Capital completed its first fundraising campaign in 2007 without the help of JPMorgan branding or the highly diversified investment tactic, which consisted of Latin America, Venture Capital, and Mezzanine. According to Murray, the fundraising was a huge success and surpassed the firm’s expectations. Eighty percent of the independent fund originated from outside investors. Therefore, CCMP’s team had to develop a big number of new connections.

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Portfolio and board membership

Stephen Murray had carved an incredible portfolio consisting of private equity investment, buyout, merger and acquisition services, restructuring expertise, and financial advisory services. He elicited admiration from business partners and even competitors due to his deal making and negotiation abilities. Murray established strong connections and recruited new investors for CCMP Capital. He was a board member of several leading firms across distinct industries, ranging from economy, insurance, hospitality, to health. The companies range from LHP Hospital Group, Strongwood Insurance Holdings, Octagon Credit Investors, AMC Entertainment, Infogroup Inc., to Crestcom International.

Education

Murray had impressive academic accomplishments. He studied his degree in economics at the well-known Boston College and graduated in 1984. Five years later, Murray received his advanced degree in business administration from the prominent Columbia Business School.

Philanthropy

Stephen Murray was an advocate of giving back to the community and using philanthropic initiatives to make the world a safe place for the current and future generations. Foundations such as the Food Bank of Lower Fairfield County, Metro New York-located Metro New York, and Stamford Museum received generous financial awards from Murray.

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