On March 12, 2015 CCMP capital advisors lost one of it best employees, Mr. Stephen Murray to an illness, according to a Wikipedia article. Mr. Murray was the former chief executive officer and president, of the New York based investment firm. He had resigned a month earlier due to health reasons, leaving the company in the capable hands of Mr. Greg Brenneman. The news of his passing was confirmed by Alexandra LaManna, a company spokesman, thorough an email.
Stephen Murray was born in 1962 and was raised in the suburbs of Westchester county New York. He graduated from Boston University with a degree in economics. He later pursued a Master’s degree in business administration, from Columbia business school.
Crunchbase reports that in 1984, Mr. Stephen Murray was part of the credit analyst training programme at Manufacturers Hanover Cooperation. In 1989 he went on to join Manufactures Hanover cooperation’s private equity group. Here he rose to the post of vice president of middle-market lending. After a number of buy outs and mergers involving various firms JP Morgan was established in 2000.
Stephen Murray stayed on thorough the changes and was appointed the head of the buyout business at JP Morgan, in 2005. The firm successfully bid for the publicly traded drug company Warner Chilcott, beating TPG, KKR and Blackstone.
This irritated TPG which finally led to the split that left CCMP capital, as an independent company. Mr. Murray was appointed CEO in 2007, and helped the firm navigate through the storm.
The firm specializes in middle-market buy outs and growth equity investments. CCMP normally invests up to $500 million, focusing on companies in consumer, healthcare and the energy sectors.
The 52 year old had been with the company for over two decades, and has been described as ‘terrific deal maker and a terrific investor’, by the current CEO Greg Brenneman. With him as the head of the company, they have managed to raise two multibillion dollar funds, with the latest closing at $3.6 billion.
His good deeds
Despite being a financial advisor, Stephen Murray was also a philanthropist. He supported various causes among them the Boston College, Columbia business school, the Make a Wish Foundation of Metro New York and the Stamford museum.
Stephen Murray was also the vice chair of the board of trustees at Boston college, as well as on the council for the Make a Wish Foundation. He is survived by his wife Tammy Murray and four sons.
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