Boraie of New Brunswick

Boraie Development LLC is a real estate company that deals in development, property management, sales and marketing in partnership with financial institutions, architects, and contractors. Headquartered and operating in the New Brunswick, New Jersey area, Omar Boraie aims to build top quality housing while at the same time making it very affordable. It was founded 40 years ago by Egyptian immigrant, Omar Boraie. Today his two sons are leading partners in the firm. His son, Wasseem Boraie, has publicly expressed his deep optimism about the future of the company.

He says they use architectural firm, Costas Kondylis & Partners, the firm usually used by Donald Trump. With their help, he says, he is confident that the ventures of Boraie Development will eventually become a treasured staple of the regional landscape. But they do have plenty of tough competition in the New Brunswick area on Their biggest competitor is Edgewood Development. Edgewood is presently in the process of clearing land for housing for middle class families. And this is just a sampling of the many real estate projects going on by many different companies in New Brunswick.

Omar Boraie how when he first started out in the business, the landscape looked drastically different with a lot more prospects and a lot fewer competitors. Decades ago, it was a bigger gamble because the place was a lot less populated. He remembers how in 1985 he made a particularly huge gamble to erect a two-tower commercial building in an area of town that had almost nothing at the time. The gamble paid off big time and paved the way for even bigger prospects for Omar Boraie’s company. Today he can watch from his window as his company builds multiple luxury apartments in several areas of town.

Each luxury unit is complete with a balcony and on-car garage. These luxury apartments don’t only have top quality living quarters, they also have a fitness center, a pool, a garden, and a garage. Prior to any of its construction projects, the Omar Boraie team always does environmental cleanup of a prospective site. The governing authorities of New Brunswick are thrilled with what Boraie and other real estate developers of the area are doing since they are taking old, run down, and abandoned buildings and renovating them into very refined establishments. All in the know are very confident that the New Brunswick area will only be getting more refined and luxurious. Here’s to the future!

A Loss In Private Capital

CCMP Capital has been a long standing private equity investment firm that mainly focuses on leveraged buyout and growth capital transactions. CCMP on has been known by a multitude of names since the beginning of their existence and was originally founded under the name Chemical Venture Partners over two decades ago. Their main purpose was to serve as the private equity and venture capital branch of Chemical Bank. In 1996 Chemical bank acquired Chase Manhattan Bank and adopted the Chase name, choosing to change their name to Chase Capital Partners. In 2000 they once again changed their name to JP Morgan Partners after acquiring another company, J.P Morgan & Co.

Stephen Murray CCMP Capital chose chose its name in 2004 after a final acquisition of Bank One, choosing to create a spin off company of JP Morgan Partners and launching the spin off in 2005. CCMP is an acronym that stands for their heritage organizations. With their new company launching independent investments in 2006, CCPM began its budding career in investment capital. In 2007 CCMP completed its fundraising, closing $3.4 billion in commitments from institutional investors for CCMP Capital Investors 2. CCMP continues to focus in buyout and growth equity investments in both North America and Europe. A typical investment from CCMP ranges from $100 million to $500 million of equity per transaction in companies that range from $250 million to $2 billion in size.

CCMP has spent years investing in four different sectors of equity and their continued expertise thrives as the market in each section grows. They’ve got their hand in consumer/retail, industrial companies, healthcare and energy. They’ve invested around $7.1 billion dollars in consumer/retail alone with their hand dividing into more retail centered branches like specialty reality, service business and mass channel supply. They’ve also invested $1.6 billion in healthcare companies in the last 27 years.

President and Chief Executive of CCMP, Stephen Murray, was an investment capitalist and philanthropist. Murray sadly passed away in March earlier this year, after a long standing career as CCMP’s CEO, president and co-founder. Murray had been with CCMP since 1989, originally being part of MH Equity Corporation which was bought out by Chemical Bank in 1991 and then merged with Chemical Venture Partners. In 2005 Murray became head of the buyout business at JP Morgan and Partners, then co-founded CCMP in August of 2006 and by 2007 he had be named CEO of CCMP .

Murray was not only a investor but also a charitable man. He supported the Make-A-Wish Foundation of Metro New York and the Food Bank of Lower Fairfield County. Stephen Murray will be greatly missed by his family and colleagues, but CCMP promises to continue his great legacy with honor.