Stephen Murray has been a leading private equity investor and philanthropist. He was the president and CEO of CCMP Capital, a premier private equity company. The firm specializes in takeovers as well as growth equity transactions. Murray was among the initial partners that established CCMP Capital. The company successfully spun out of JPMorgan Chase & Co. in 2006. It did that to steer clear of potential conflicts with the financial institution’s clients.
Murray grew up in a suburb located in Westchester County, New York. He received his Bachelor of Arts degree Boston College. Murray earned his master of business administration from Columbia University. He was first hired as a credit trainee at Manufacturers Hanover Trust Co., based in New York, in 1984. Learn more about Stephen Murray CCMP Capital: http://observer.com/2015/02/this-old-thing-private-equity-honcho-drops-little-place-uptown-for-11m/
After working in the company for a while, Murray became the vice president of middle market lending. In 1989, he joined Manufacturers Hanover’s leveraged finance and private equity unit that gave rise to CCMP Capital. Subsequently, after three mergers, Manufacturers Hanover became a division of JPMorgan in 2000.
In 2005, Murray was appointed as the leader of JPMorgan’s buyout business. At the time, JPMorgan Partners was well known for its investments in middle market deals. It also invested together with the bank’s private equity customers. During this period, CCMP was known as JPMorgan Partners – Learn more about Stephen Murray CCMP Capital: http://fortune.com/2015/03/13/ex-ccmp-capital-ceo-steve-murray-passes-away/.
The bank dissociated from the venture after the unit outbid TPG Capital and Blackstone Group LP, KKR & Co. for drug manufacturer Warner Chilcot.
The purchase did not sit well with Henry Kravis, KKR co-founder. He warned the bank not to compete against his company. In 2014, Murray noted that it became difficult for the bank to offer them deals. That is because it could be perceived to be favoring its in-house company. However, the relationship remained strong when the two entities became separate. Read more: Stephen P. Murray, 52; Financial Executive; Stamford Resident; Vice Chair Boston College Board of Trustees
Murray has been an excellent deal maker as well as a remarkable investor. The majority of his professional life was in private equity. His most recent board duties include Jetro JMDH Holdings, Crestcom International, and Inforgroup Inc. Murray’s other current board seats include LHP Hospital Group, Octagon Credit Investors, Strongwood Insurance Holdings, and Ollie’s Bargain Outlet.
Additionally, Stephen Murray supported various charity organizations. These institutions comprise of the Boston College, Columbia Business School, and the Stamford Museum. He also helped the Food Bank of Lower Fairfield County as well as the Make -A- Wish Foundation of Metro New York. Murray was the vice chairman of Boston College’s board of trustees. You can also click this link to read more; 5 Questions with Stephen Murray, CEO of CCMP Capital