Stephen Murray, a longtime private equity businessperson, died at the age of 52. He was the head of CCMP Capital for nearly a decade. He relinquished active management of the CCMP due to what the firm called “health-related concerns.” Stephen Murray CCMP Capital leveraged his long-term experience in equity and distressed investing to help the company navigate market recessions and instability. Murray was highly respected by employees, who served under him due to his goal-oriented and open management style on Fortune.
Murray’s impact still lives on
The current President of CCMP, Greg Brenneman, recognizes Stephen Murray as a shrewd and innovative leader. His great deal-making skills enabled his company to acquire new businesses, enter partnerships with top firms, and increase the size of its addressable market. He left a huge gap that will take a long time to fill in boards of top companies such as Jethro JMDH holdings, Strong Wood insurance holdings, and Octagon Credit Investors. Stephen Murray CCMP Capital developed a dynamic portfolio consisting of advanced products and services for CCMP Capital. Under his leadership, the firm set new standards of excellence in the industry and focused on delivering services and products of the highest level of quality.
Commitment to helping people
Stephen Murray dedicated his hard-earned money and time to support causes such as education and eradication of poverty. His school of thought was that people are remembered by the impact they make in solving tricky challenges that face humankind and not their net worth at the time of their death. The make-a-wish foundation on bloomberg.com is one of the primary beneficiaries of Murray’s financial and leadership support. Being a holder of a Bachelor’s degree in economics and an advanced degree in Business Administration, Murray believed education is the key to prosperity. Therefore, his philanthropic support majorly targeted community-based organizations that promoted education.
In the corporate world, Murray offered insights and intelligence to young entrepreneurs, who aimed at establishing prolific business careers. He mentored his junior employees, who are now steering CCMP Capital to prominence even in his absence. He used to study the market before coming up with practical marketing strategies.
Murray served as an employee of CCMP and its predecessors’ companies at various influential positions since 1989. He remained loyal to the firm even during its series of acquisitions and mergers. For instance, CCMP was once called Chase Capital Partners. Following the acquisition of Chase by J.P. Morgan Partners, CCMP became JP Morgan Partners. The group officially became an independent firm after separating from J.P. Morgan Chase in 2006.
Learn more about Stephen Murray: http://observer.com/2015/02/this-old-thing-private-equity-honcho-drops-little-place-uptown-for-11m/