Most of us can’t imagine dealing with millions of dollars of investment money. Stephen P. Murray dealt with billions.
Stephen Murray was raised in the suburb of Westchester County, New York and would grow up to run a billion dollar company. In 1984 Stephen Murray graduated from Boston College with a bachelor of Arts degree in Economics.
After college he went back to New York beginning a training program as a credit analyst at Manufacturers Hanover Corporation. From there he went back to school and in 1989 he got his master’s degree in Business Administration from Colombia Business School. Read more: Stephen P. Murray, 52; Financial Executive; Stamford Resident; Vice Chair Boston College Board of Trustees
Murray began his career in 1989 by joining MH Equity Corporation. Which later became Manufactures Hanovers, A private equity group combined with a leverage finance unit. In 1991 the company merged with Chemical Bank, and again in 1996 becoming Chase Capital Partners.
Stephen P. Murray furthered his career by becoming head of buyout business for JP Morgan Partners in 2005. In August of 2006 he became the co-founder of CCMP Capital. A private equity group which was spun out of JP Morgan Chase and companies. They specialize in middle-market leveraged buyouts and growth-equity investments. Then in 2007 he was named CEO and President.
Among his other accomplishments he served on the board of Aramark, Generac Power Systems, AMC Entertainment, Warner Chilcott, The Vitamin Shoppe, Cabela’s, Pinnacle Foods, and Legacy Hospital Partners. He was also vice chairman of the board of trustees at Boston College and on the council of the Make a Wish Foundation of Metro New York.
Sadly he stepped down as president and CEO of CCMP Capital in February of 2013 due to health issues. Stephen Murray died on March 12, 2013. He was 52 years old. Those who knew him said that he was a terrific investor and deal maker. He is survived by his wife and four sons.