Stephen Murray graduated from Boston College where he studied Economics. He later attended Columbia Business School and got a Master’s degree in Business Administration. In 1984, Murray joined the Manufacturer Hanover Corporation as a trainee in credit analysis. He later moved to MH Equity Corporation, which was linked to Manufacturer Hanover Corporation. In 1991, Manufacturer Hanover Corporation was acquired by Chemical Bank.
MH Equity Corporation later merged with Chemical Venture Partners. The Chemical Bank later merged with Chase Manhattan Corporation. Chemical Venture Partners on wsj.com changed its name to Chase Capital Partners in 1996. The chase capital partners became JP Morgan Chase after JP Morgan acquired Chase. Stephen Murray and other partners left JP Morgan Chase to found their own company.
In 2006, Stephen Murray cofounded CCMP with several other partners. One year later, he became the CEO of the company after Jeff Walker. Stephen Murray led CCMP to greatness during his time as the President and CEO. He had many years of experience in private equities. This made him an investment expert. Under his leadership, the company had raised approximately$3.6 billion in funds toward the end of 2014.
He left the company in February 2015. The reasons for his leaving were not known at that time. Later, the company’s spokesperson provided information on Crunchbase that he had left because of health issues. After his departure from the company, Greg Brenneman became the CEO and President of CCMP. Greg was among the co-founders of CCMP and had worked with Murray for long.
About a month after Stephen Murray left the company, he passed away. Mr. Brenneman sent condolences on behalf of the company. In the message, he described Stephen Murray as a man who loved his family. He also said that Murray had played a crucial role in the success of CCMP. He had also been a board member in several other companies including AMC Entertainment, the Vitamin Shoppe, and Aramark among many others.
Stephen Murray was also a philanthropist and a kindhearted individual who took pleasure in helping others. He supported the schools where he studied, the Stamford Museum, Make a Wish Foundation, and The Field Bank of Lower Fairfield County. He served in Boston College’s Board of Trustees as the Vice Chairman. In the Make a Wish Foundation, he was a member of the council. After his death, his family asked that people send donations to the Field Bank of Lower Fairfield County.
Learn more about Stephen Murray: http://www.ccmpcapital.com/team/