Stephen Murray Leaves A Legacy With His Passing

Stephen Murray was an equity investor and philanthropist. At CCMP Capital, a private equity firm, he was the President and CEO. He graduated with a degree in economics from Boston College and earned his master’s degree from Columbia Business School in business administration.

His career started out as a credit trainee at Manufacturers Hanover Trust Co., where he rose to vice president of middle-market lending. In 1989, Murray joined a private equity unit of Manufacturers Hanover that was seemingly a CCMP predecessor. After three surprising mergers, Manufacturers Hanover became part of JP Morgan in the year 2000.

After becoming head of buyout business at JP Morgan Partners, Murray co-founded CCMP Capital to avoid any potential conflicts with the bank’s clients on LinkedIn. CCMP Capital was a spinout of JP Morgan Chase which was responsible for containing the buyout and growth equity team of the private equity group. In 2007, he was named its CEO.

Stephen Murray also supported the Make-A-Wish Foundation, Boston College, Stamford Museum and the Columbia Business School. Murray sat on the board of trustees at Boston College as vice chairman and was also a member on the chairman’s council of the Make-A-Wish-Foundation.

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He also sat on the board at Crestcom International, Infogroup Inc., Jetro JMDH Holdings, LHP Hospital Group, Octagon Credit Investors, Ollie’s Bargain Outlet and Strongwood Insurance Holdings.

Murray left CCMP in February of 2015. Though publicly the reason wasn’t announced, it was later discovered that the absence was due to health-related reasons on wsj.com. In March of 2015, Stephen Murray passed away at the age of 52. After his passing, Greg Brenneman (then-chairman) was named CEO in his stead.

Many were saddened by his passing, especially his coworkers who claim he was a terrific investor and deal maker. Stephen Murray is survived by his wife and four sons in Stamford, Connecticut.

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