Steven Murray Passes On but Leaves a Legacy of Hard work Behind

Stephen Murray was an avid philanthropist and a successful private equity investor. He was the former president and CEO of a private equity firm called CCMP Capital. The firm focuses on investments that deal with growth equity and buyout. Murray passed on in 2015 at the age of 52 years. Before his death, he had stepped down from his post as CEO of CCMP Capital.

The firm had explained his departure as warranted by health-related reasons. News of his death came as a shock to many people especially at CCMP Capital. Greg Brenneman, CCMP Chairman, said that the whole firm was saddened by the death of Stephen Murray. He also sent condolences on behalf of the entire firm to their former partner’s wife and Sons. Education and Early Career Murray was born on August 2, 1962. He attended Boston College and graduated in 1984 with an economics degree.

In the same year, he joined Manufacturers Hanover Corporation’s training program for credit analysts. He then enrolled at Colombia Business School for a master’s degree in BA and graduated in 1989. He got a job at MH Equity Corporation and stayed at the company throughout its subsequent mergers. Read more: West Village Townhouse for $17 Million and 5 Questions with Stephen Murray, CEO of CCMP Capital

It finally became the profitable Chase Capital Partners. Then in 2005, Murray left the company to head JP Morgan Partners. The firm bought out of Chase Capital Partners and begun doing business independently. Murray later helped to co-found CCMP Capital together with other partners. CCMP Capital was a spinout firm of JP Morgan Partners.

Two years later he was named its CEO. Under his helm, CCMP was able to raise two multibillion dollar funds. One of the funds was worth an impressive $3.6 billion. Murray served on a number of major companies’ boards including Generac Power Systems, Warner Chilcott, Cabela’s, Pinnacle Foods, The Vitamin Shoppe, Aramark, Legacy Hospital Partners and AMC Entertainment. Some of his recent board seats included Crestcom International, Octagon Credit Investors, Jetro JMDH Holdings, Strongwood Insurance Holdings and Ollie’s Bargain Outlet.

Stephen Murray was a well-respected financial executive among his peers and the industry at large. Philanthropy Before his death, Murray was an active philanthropist who supported many charitable organizations through donation of his wealth and time. He supported Make-A-Wish Foundation of the Metro New York.

He also supported other organizations like Boston College, Columbia Business School, Stamford Museum and Lower Fairfield County’s Food Bank. He was dedicated in seeing the eradication of hunger and accessibility of quality education.

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