Stephen P. Murray (1962 – 2015) was a private equity investor as well as a philanthropist. Before his demise, Murray worked as the President and Chief Executive Officer of CCMP Capital which is a private equity firm that focuses on buyout and also growth equity transaction.
Murray was born in Brooklyn in New York City and raised in North Tarrytown. He attended Sleepy Hollow High School and later was a graduate of Boston College class of 1984 with a degree in economics. He also earned his MBA from Columbia Business School in 1989.
Stephen Murray was a great investor and dealmaker who spent a big part of his career in private equity. He started his career in 1984, the same year he graduated from college when he was hired at Manufacturers Hanover Trust Co. which is based in New York as a credit trainee.
He later rose to become the vice president of middle-market lending. In 1989, he joined a private equity and leverage-finance unit of the Manufactures Hannover.
After three merges with Chemical Bank and Chase Manhattan Bank, Manufactures Hannover later became part of JP Morgan Partners back in 2000. Murray was later named as head of buyout business at JP Morgan in 2005 where he continued leading all through to its 2006 spin out.
In August 2006, Stephen P. Murray co-founded CCMP Capital, a spin-off from JP Morgan thus becoming a separate business and was named its CEO the following year.
Apart from his achievements at CCMP, Murray also served on the board of several major companies including AMC Entertainment, Pinnacle Foods, Aramark, Warner Chilcott, Generac Power Systems, Cabela’s as well as Legacy Hospital Partners.
Murray was also very active in philanthropy. He was the vice chairperson of Boston College board of trustees and a member of the chairperson Council of Metro New York’s Make a Wish Foundation. He also supported Colombia Business School, the Food Bank of Lower Fairfield County as well as Stamford Museum.
Stephen P. Murray passed on 2nd March 2015 at age 52. He had apparently stepped down his duties at CCMP Capital a month before citing health issues. He is survived by his wife Tami Murray, a college sweetheart who they married in 1989 and had four sons.
The family resided in Stamford, Connecticut. Following his resignation, he was succeeded by CCMP’s chairperson Greg Brenneman as president and CEO. Steve Murray was really a great personality with unique talents.