Steve Murray was key when the company closed the $3.6 billion fund which closed last fall. Mr. Murray left CCMP Capital a month before his death citing health-related reasons but declined to give any additional information. The 52-year-old Mr. Murray had spent his professional life at CCMP Capital for two and a half decades before stepping down from his role. The company has since reported the chairman Greg Brenneman to have taken over his functions and responsibilities immediately after his departure. Read more: 5 Questions with Stephen Murray, CEO of CCMP Capital and The Exponential Growth of CCMP Capital Under Stephen Murray’s Leadership
While reporting on the death of Stephen Murray, Greg Brenneman said that the company was saddened to learn his death saying that Murray was a friend and a former partner of CCMP Capital. He also took the opportunity to send condolences, thoughts and prayers to the family of the deceased acknowledging that he knows Murray was their pride and joy. Mr. Murray was one of the founding partners of CCMP Capital, a terrific investor and dealmaker and a person who spent his career in private equity according to Mr. Brenneman.
Mr. Murray joined CCMP Capital in the 1980s and starting his career in Chemical Venture Partners which was then a division of Chemical Bank.
Through a series of mergers and acquisitions, the holding company Manufacturers Hanover Corp. and Chemical Bank brought together Chemical Venture Partners and MH Capital Partners. Learn more about Stephen Murray CCMP Capital: http://rcactrack.com/2016/01/01/ccmp-capital-resumes-business-after-death-of-stephen-murray/
Chase Manhattan Bank later merged with Chemical Bank and resulted to Chase becoming part of J.P. Morgan & Co. The resulting merger of the partnership was referred to as J.P. Morgan Partners. In 2005, Stephen Murray took a leading role in the buyout business at J.P> Morgan Partners and helped the company to continue the leading role in the firm through the year 2006 split. Apart from heading the spin out, Mr. Murray was at the helm when the company raised $2 billion funds and the latest deal of $3.6 billion in funds last September – http://nypost.com/2015/03/13/ccmps-murray-dead-at-52/.
Stephen P. Murray was born on August 2, 1962, and died on March 12, 2015. Apart from being an investor, he was a philanthropist who contributed to various foundations including Make-A-Wish Foundation in New York, different educational institutions such as Boston College and Columbia Business School.