Stephen Murray passed away at the tender age of 52. He was the former president and CEO of CCMP Capital. He was born on August 2nd 1962. He died on March 12, 2015. Prior to Murray’s passing, he stepped down from his role, in February of 2015, for health related reasons. In 1984, Stephen Murray CCMP Capital received a Bachelor’s degree, in Economics, from Boston University. Right after graduating college, his first job was at Manufacturers Hanover Trust. He worked as a Credit Analyst. After the merger of Chemical Bank and Manufacturers Hanover Trust, in 1991, Stephen Murray moved up the corporate ladder rather quickly. While juggling a high powered career, Stephen Murray received his MBA at Columbia Business School. He wasted no time after business school. He dived right into learning the ins and outs of the investment business. Stephen Murray was the brains behind the spinoff of JP Morgan Chase. He served on the board of various companies, which include Crestcom International, Infogroup Inc., Jetro JMDH Holdings, Octagon Credit Investors, Ollie’s Bargain Outlet, Aramark, Generac Power Systems, AMC Entertainment, Warner Chilcott, the Vitamin Shoppe, Cabela’s, Pinnacle Foods, and Legacy Hospital Partners. Stephen Murray was also a philanthropist. The Make-A-Wish Foundation, Boston College, the Food Bank of Lower Fairfield County, Stamford Museum, and Columbia Business School, were all a part of his cause. He Vice Chaired the Board of Trustees at Boston College. He was also the chairman and a member of the Make-A-Wish Foundation of New York.
Stephen Murray has made CCMP Capital the success that it is today. CCMP Capital is a privately held equity investment firm. The company focuses mainly on growth capital transactions and leveraged buyouts of mid-sized firms that are well known. CCMP Capital has changed names over the years. Former names include: Chemical Venture Partners, a part of Chemical Bank, Chase Capital Partners, JP Morgan Partners, JP Morgan Chase Bank, and currently, CCMP Capital.
During the company’s early run, it was one of the largest private equity firms in the world. Stephen Murray started his career at Manufacturers Hanover Trust, which was purchased by Chemical Bank in 1991. In 1996, Chemical Bank merged with Chase Manhattan Bank. In 2005, Stephen Murray became the head of the buyout business at J.P. Morgan Partners. He stayed in that role until 2006. In 2007, Stephen Murray became the CEO, succeeding the group founder, Jeff Walker.
CCMP Capital is very successful. It boasts more than 12 billion dollars in assets. Over the past nine years, CCMP Capital has shown a major growth of 300%. While Stephen Murray was still in charge, before leaving J.P. Morgan, the company raised two more multi billion-dollar funds.