The investment journey of Stephen Murray and the CCMP company

Stephen Murray was born on 2nd August 1962 and died on 12th March 2015.He was brought up in Westchester County, a New York suburb on Crunchbase. He earned a Bachelor degree in Arts from the Boston College and later a Masters of Business Administration from Columbia University in New York. Stephen became a philanthropist and a private equity investor in New York.

In 1984, A New York-based manufacturer Hanover Trust Co. employed Murray as a credit trainee. Mr. Murray then rose to become the middle market lending vice president. He later joined a private equity and leveraged finance unit of Manufacturers Hanover which is an antecedent to CCMP, a private company focusing on the buyout of growth equity transactions.

Mr. Murray worked with the CCMP family since 1999, then known as Chase Capital Partners. In 2005, he was named to head the bank’s buyout business. The firm later changed its name to JPMorgan Partners before spinning out in 2006 to avoid any conflicts that may come up from the bank’s client, after J.P. Morgan purchased it.

Read more: CCMP Capital Advisors Gets Backing to Resume Investing From Fund

Stephen Murray succeeded the group founder Jeff Walker, as the president and CEO of the New York-based CCMP Capital Advisors. His board seats comprised; LHP Hospital, Credit Investors, Jetro JMDH Holdings, Crestcom International, Strongwood Insurance Holdings and the Ollies’ Bargain Outlet. CCMP has appeared in world’s largest private equity firms list sometimes ago. The company said to invest around $100 million to $500 of equity per transaction. Warner Chilcott Plc, Quiznos Corp., and Cabela’s Inc are some of the investments owned by the company.

Steve was an excellent investor and dealmaker. He spent most of his career in private equity being the founding partner of CCMP. He positively contributed to the achievements of CCMP and its predecessors.

Steve Murray resigned from the layout leading the New York firm due to health related reasons. After the departure of Mr. Murray, the company won support to resume investing from its latest fund. It was said that his exit prompted the private-equity industry being the ‘key-man’ clause for the $ 3.6 billion CCMP Capital Investors III LP fund, which had been raised a year earlier.

The CCMP offered investors an allowance that the fund’s key persons would add $60 to show their alignment to the fund’s fortunes and risk. The additional capital would then be used to buy Stephen’s stake in the fund as the investor’s memorandum dictates.

Mr. Murray died at the age 52 years leaving behind his wife Tami A.Murray and their four sons who live in Stamford, Connecticut.

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