CCMP CAPITAL: STEPHEN MURRAY’S BLUEPRINT

CCMP Capital is an equity investment firm that is based in New York. The company was established as JPMorgan Chase in 1984 before the name changed as a result of a spinout in 2006. The company was created by Stephen Murray and he served as the president and CEO of the company. Since it was founded, the company has had a net asset worth of more than $16 billion. The company also prides itself with having created employment for over fifty people in the USA.

Born on 2nd August 1952, Stephen Murray worked hard to reach the top. He grew up in a suburb in the city of New York in Westchester County. He graduated from Boston ollege with a Bachelor’s degree in arts. He then received a Master’s degree from Columbia University. After his studies, Murray began his career in 1984 when he was recruited to work as a credit intern at Manufacturers Hannover Trust Co. in New York. Steve rose through the ranks due to his work ethics. He was appointed the vice president in charge of middle market lending.

He later joined MH Equity Corporation, which is one of the companies that came together to become CCMP Capital in the year 1989. 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

Since its inception, CCMP has had a change of name several times. In 1991, Manufacturers Hanover was acquired by Chemical Bank while Chase Manhattan Corporation came together with MH Equity in 1996. The two mergers formed what Chase Capital Partners was. In the year 2000, the company changed its name once more to become JPMorgan.

It stayed so until 2005 when Stephen Murray led a breakout from the company where he was the then head of the firm’s buyout business. The spinout led to Steve forming CCMP Capital as a partner.

Over his long career, Murray has worked on boards of several companies. They include; Generac Power Systems, Warner Chilcott, Pinnacle Foods, Cabela’s, The Vitamin Shoppe, and Aramark among others. Learn more about Stephen Murray CCMP Capital: http://nypost.com/2015/03/13/ccmps-murray-dead-at-52/

Over his long career, the father of four has been involved in many philanthropic activities. Murray has helped Make-A-Wish Foundation in the USA. This organization seeks to make ‘wishes’ of children with terminal illnesses come true. Read more: This Old Thing? Private Equity Honcho Drops Little Place Uptown for $11M

His help has also been felt at Boston College, Stamford Museum, and the Columbia Business School.

The passing on of Stephen Murray was felt by people from various areas due to the various efforts he put in his life. Murray died at the age of 52 on 12th March 2015 as a result of health complications and was succeeded by Greg Brenneman who was previously the chairman at the company.

Steve leaves behind his widow, Tami Murray and four sons. They currently live in Stamford. Murray may be gone, but he leaves behind a legacy that will forever be remembered. Read more: The Exponential Growth of CCMP Capital Under Stephen Murray’s Leadership

 

Stephen P. Murray the investment genius

Investment in the capital market is a very tricky business. Many people try the company, but only the quick ones become a success. Even when they succeed, the pressure to remain performing is very high as the pressure on such organization is pretty intense. It is therefore not a wonder that only a handful people have managed to become billionaires as a result of such investment.

Nypost says that Stephen Murray had defied all the odds to succeed in the money market industry. Before his death at the age of fifty-two, he had risen to the highest echelons of the management of CCMP Capital. As the president and CEO of CCMP Capital, Stephen P. Murray was tasked with the responsibility of ensuring the organization remained sustainable ad profitable all through (read more at Wikipedia).

Stephen Murray went to Boston College from where he attained a bachelor’s degree in economics in 1984. However, in 1989, he received a master’s degree in business administration from Columbia business school. However, his investment prowess is not something that was given to him. He earned it through the many hours spent analyzing business ventures from his early days of his career.

Stephen P. Murray started off as a member of the credit analyst team of the HANOVER Corporation. In the year 1989, Stephen P. Murray got absorbed in MH Equity Corporation after the organization was formed as a result of the merger between Hanover and its private equity group.

A series of mergers between chemical banks, Chase Manhattan Corporation, resulted in the formation of CCMO Capital. In 2007, Stephen Murray was appointed the CEO of CCMP Capital and since the appointment, the organization experienced unprecedented success in his tenure.

Stephen Murray resigned a few month to his death citing poor health. His position in the firm was invaluable, and everybody would miss him. The current CEO and the other members of the corporation spoke well of his death reminding everyone where he had come with the organization.

However, Stephen Murray was a very generous person. His reputation for generosity presided him. Many institutions primarily schools are some of the organizations that benefitted from his generosity. Boston University from where he was an alumni was an example of the organization receiving his assistance.

Stephen Murray: Gone But Not Forgotten

It is always a sad day when someone with the influence, good-will, and kind nature of Steve Murray passes away. Of course, it is a day of sadness and a day of reflection, without a shadow of a doubt. It really puts things in perspective. Where does one start with someone as gifted and talented as Stephen Murray? He was the the chief executive officer of CCMP Capital Advisors, but sadly had to step down after health problems last month. He was only 52, and gone way too soon. However, Steve Murray’s memory and his accomplishments will not be soon be forgotten by those that were near and dear to them.

He wasn’t just your run-of-the-mill fellow. He was different and in a good way. Last year, their fund went up $3.6 billion on blogs.wsj.com, which shows that he is always on the rise and always looking for ways to make things better. Two words that come to me with Stephen Murray: Never satisfied. Of course, I mean that in the best possible way and as high praise. Too often, people reach some level of success and get comfortable and sit back and take it easy. That was never the case with Steve Murray.

Back in 1984, Steve Murray was hired as credit trainee at Manufacturers Hanover Trust Co. From there, through hard work and dedication, he become vice president of middle-market lending. After that, in 1989, Murray went to private equity and leveraged-finance unit of Manufacturers Hanover, which helped start CCMP. After three mergers, they were part of JP Morgan in 2000. That is just the tip of the iceberg when it comes to Steven Murray. I could sit here and tell you more about his accomplishments that were all earned not given, but there is more to a man than his job.

Steve Murray was heavily involved in helping out others and using his wealth for the better good. He was a big charity guy that loved to look out for others. He knows that not everyone is blessed to have money or doors open for them. Sometimes they fall on hardships and hard times. He made it a point to help those people and do all he could for them.