Stephen Murray or Steve as he was best known was a successful investor in private equity as well as a prominent philanthropist before passing away in early last year. He was the CEO and President of CCMP Capital, which is a private equity firm whose main area of focus is leveraged buyout and growth equity transactions.
CCMP Capital makes investments in private equity ranging from $100 million to $500 million. The firm mostly invests in companies in the healthcare, industrial, energy and consumer sectors. Some of the companies it has invested in include Quiznos Corporation, Warner Chilcott Plc and Cabela’s Inc.
According to RCACTrack, Stephen Murray grew up in Westchester County, New York City. He attended Boston College where he earned his Bachelor of Arts degree in 1984. He then proceeded to Columbia Business School for his master’s degree in Business Administration where he graduated in 1989.
Nypost and Crunchbase has it that Stephen Murray had a very illustrious career in private equity investment. Immediately after graduating from Boston College, he joined Manufacturers Hanover Corporation where he took part in the credit analyst training program. In 1989 he started working at MH Equity Corporation. The firm had just combined its finance unit with the private group of Manufacturers Hanover Corporation. Later on in 1991, Manufacturers Hanover was acquired by Chemical Bank while MH Equity got into a successful merger with Chemical Venture Partners.
In 2005, Steve joined JP Morgan Partners where he served as the head of buyout business. A year later, he co-founded CCMP Capital. CCMP Capital is a division of JP Morgan Chase and it spun out in order to avoid conflicting with the bank’s customers. He subsequently became its CEO in 2007. CCMP Capital has been very successful something that is attributed to Steve’s positive contributions.
Stephen Murray was also a member of boards of several major firms such as Aramark, AMC Entertainment, Generac Power Systems, The Vitamin Shoppe, Pinnacle Foods, Warner Chilcott, Legacy Hospital Partners and Cabela’s.
Apart from having a successful career in the private equity investment industry, Steve was also a generous philanthropist. Stephen Murray supported several institutions such as Boston College, Columbia Business School, Make-A-Wish Foundation, Stamford Museum and the Food of Lower Fairfield County. In the Make-A-Wish Foundation, Steve served as a member of the Chairman’s Council. He was also the vice chairman at Boston College’s board of trustees.
Steve was married to Tami A. Murray with whom he had four sons. He lived with his wife in Stamford, Connecticut.