Stephen Murray was the founder of CCMP Capital. In 2006, CCMP Capital sought to avert conflicts with JP Morgan Chase and Co. through a spun out. Born and raised in New York, Murray rose to become a successful entrepreneur. He attended Sleepy Hollow High School. The graduate of Boston College with a bachelor’s degree in economics worked for large corporations before founding CCMP Capital. Murray pursued his MBA at the prestigious Columbia University.
Immediately after graduation in 1984, Manufacturers Hanover Trust Company employed Murray. Here, the young Stephen served as a credit trainee. Owing to his stewardship and prudent management skills, Murray climbed through the ladder to become the company’s vice president.
It is proper to assert that Murray served JP Morgan Partners, Chemical Ventures partners and Chase Capital Partners in different investment capacities.
In 1989, Stephen Murray was recruited to the unit in charge of leveraged finance and private equity at Manufacturers Hannover Company. This unit was known as MH Equity Corporation. It is imperative to note that Chemical bank purchased Manufacturers Hannover in 1991. Manufacturers Hanover was affiliated to JP Morgan.
Murray played a pivotal role in enhancing the investment portfolio of CCMP.
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During his tenure, he focused on the manufacturing, distribution and industrial services sectors. Besides being a successful entrepreneur, Murray was also a cheerful giver. He supported different charities. These charities include the Make-A-Wish Foundation of New York, Food Bank of the Lower Fairfield County, various institutions of learning and the Stamford Museum. It is significant to point out that Murray supported these initiatives through his prudent leadership and donations. Read more: 5 Questions with Stephen Murray, CEO of CCMP Capital
Murray served on the board at Boston College as well as on Make-A-Wish Foundation’s council. In addition, Murray served on the boards of The Vitamin Shoppe, AMC entertainment, Carbela’s and Warner Chilcott companies. Before his demise, he was serving on the boards of Jetro JMDH Holdings, Infogroup Inc, Octagon credit investors, LHP Hospital Group, Strongwood insurance holdings, Ollie’s bargain outlet and Crestcom International. Read more: A History of CCMP Capital And Its Founding CEO Stephen Murray
At one time, Murray was asked about the success of CCMP in fundraising efforts without the involvement of JP Morgan, Latin America and venture capital. Murray responded by saying that despite facing many questions regarding the company’s track record, the fundraising was successful.
He asserted that CCMP’s registered impressive results in terms of strategy, capabilities and differentiation. Through Murray’s efforts, CCMP was able to raise 80% of the capital from outside investors. This situation resulted in an increase of new relationships within a short period.