Stephen Murray was a New York-based private equity investor and a philanthropist. He was born in August 1962 and passed away in March 2015 at the age of 52. Murray was the CEO and the founding partner of CCMP Capital Advisors where he served until he resigned in 2015. Stephen Murray graduated with a Bachelor of Arts degree in 1984 from Boston College. He later pursued a Masters in Business Administration from Columbia University in New York.
Stephen Murray’s Career Background
Stephen Murray began his career in 1984 as a credit trainee at Manufacturers Hanover Corporation. After five years working with the company, he joined MH Equity Corporation, which comprised of the private equity and the finance unit of Manufacturers Hanover Corporation. Chemical Bank purchased Manufacturer Hanover in 1991 and later merged with MH Equity and Chase Manhattan Corporation. The three mergers formed Chase Capital Partners that later became JPMorgan in 2006. Stephen Murray later co-founded CCMP Capital, which is an extension of JP Morgan.
Stephen Murray was a member of the board at Aramark, Pinnacle Foods, AMC Entertainment, Warner Chilcott, The Vitamin Shoppe, Cabela’s, Generac Power Systems, and Legacy Hospital Partners.
CCPM Capital is one of the leading private equity firms in the world. The company makes investments of $100 million to $500 million in every transaction in the healthcare, industrial, consumer, and energy sectors. Stephen Murray contributed significantly to the growth and success of the company for the years that he served as the Chief Executive Officer and President. In 2014, Mr. Murray led CCMP into raising $3.6 billion of funding, which earned him a position in the SEC filings.
Stephen Murray was a renowned dealmaker and investor at the private equity firm. He left the private equity firm two months before he passed away citing some health related reasons. His resignation and death came as a surprise to many at CCMP Capital who he worked with for 16 years. Greg Brenneman succeeded him as the President and the CEO of the firm.
Mr. Murray supported various non-profit organizations in the United States. The different charities that he took part in include Make a Wish Foundation in New York, Food Bank of Lower Fairfield County, and Stamford Museum. Stephen Murray also supported various educational institutions in the country including Boston College as the chair of the board of trustees and Columbia Business School. He left behind his wife and four sons who reside in Stamford Connecticut.