Stephen Murray spent his time in New York City Suburb in Westchester County, New York. He graduated with a Bachelor of Arts degree from Boston College and later graduated with a Master of Business Administration (MBA) from Columbia University in New York according to information published on the company website.
He was hired as a credit trainee in 1984 by a New York-based Manufacturers Hanover Trust Co. and rose in ranks in the company and became the vice president of middle-market lending according to his biography in the CCMP website. Mr. Murray later joined a private equity and leveraged finance unit of Manufacturers Hanover that went through a series of mergers and acquisition to the predecessor of CCMP. Read more: CCMP Capital Advisors Gets Backing to Resume Investing From Fund
Following the three mergers, Manufacturers Hanover became part of JP Morgan in 2000 and Murray was the head of the bank’s buyout business in 2005. CCMP Capital Advisors was formerly part of the JP Morgan Partners before there was a spinoff that was caused by a disagreement about investing in the middle market deals and the bank’s private equity clients. Stephen Murray was recently declared dead on March 12, a month after his resignation citing health reasons. At the day he died, he was 52 years old.
Announcing his death was Greg Brenneman, CCMP’s chairman, and the man who took Murray’s position of president and CEO of the company, said that the company was saddened to learn the death of Stephen Murray, who was a friend and a former partner of the company. Read more: This Old Thing? Private Equity Honcho Drops Little Place Uptown for $11M
He also utilized the moment to send condolences and heartfelt gratitude on behalf of the firm to the family especially his wife and sons saying that the firm will play for them during these hardest times.
Stephen Murray was the founding partner of CCMP Capital having participated in its foundation and having served in the former organization which founded the firm. He became the CEO in 2007 after a successful spinoff in 2006 that separated the company from the former group JP Morgan Partners. Learn more about Stephen Murray CCMP Capital: http://fortune.com/2015/03/13/ex-ccmp-capital-ceo-steve-murray-passes-away/
His most notable contribution was last year when he participated in the raising of funds to a tune of $3.6 billion. Mr. Murray was also part of board members for Infogroup Inc., LHP Hospital Group, Crestcom International, Octagon Credit Investors, Jetro JMDH Holdings, and Strongwood Insurance Holdings.
Mr. Murray was a generous person, and he participated in improving the community through donations. For instance, Murray donated to Make-A-Wish Foundation of Metro New York. He gave to promote education in schools such as Columbia Business School and Boston College among other contributions.
Learn more about Stephen Murray CCMP Capital: http://patch.com/connecticut/stamford/stephen-p-murray-52-financial-executive-stamford-resident-vice-chair-boston-college-board-trustees