Stephen Murray was a reserved equity stakeholder and a patron. At the same time, he served as the presidents and chief executive officer of CCMP Capital which is a private equity that centers on acquisition and development equity dealings. He attained his degree in economics from Boston College in 1984 and went ahead and acquired his master’s degree in business administration from Columbia Business School in 1989.
In 1984, Stephen Murray was included in the training program at Manufacturers Hanover Corporation. He later joined MH Equity Corporation in 1989, which united Manufacturers Hanover’s private equity group together with its powerful finance entity. Read more: CCMP Capital Resumes Business After Death of Stephen Murray and CCMP’s Murray dead at 52
Manufacturers Hanover was later acquired by Chemical Bank in 1991 that made it amalgamate with Chemical Venture Partners. Later in 2005, Murray became the leader of acquisition business at JP Morgan Partners. In August 2006, he co-instituted CCMP Capital which was a splinter of JP Morgan chase that incorporated buyout and development equity team of private equity group. He was late appointed as the CEO of CCMP in 2007.
During his tenure at CCMP since 1989, the organization saw major transformations, especially in its ownership until it became independent in 2006.
As a formation partner of CCMP Capital, Hurray was known to be a tremendous investor a deal maker who dedicated most part of his career in private equity. One of the greatest achievement he is remembered for was during his tenure at CCM Capital where he managed to raise a total of $3.6 billion dollars. Learn more about Stephen Murray CCMP Capital: http://observer.com/2015/02/this-old-thing-private-equity-honcho-drops-little-place-uptown-for-11m/
Stephen Murray also worked as a board member in various organizations including AMC Entertainment, Aramak, Generac Power Systems and The Vitamin Shoppe.
Besides his normal career, Murray was also a philanthropist. He took part in humanitarian services, for instance, he was the founder of Make a Wish foundation in Metro New York.
In February 2015, Murray resigned from his official duties due to health reasons. He passed on March 12, the same year at the age of 52. Learn more about Stephen Murray CCMP Capital: http://fortune.com/2015/03/13/ex-ccmp-capital-ceo-steve-murray-passes-away/