The Life of Stephen Murray, Investor, CEO and Philanthropist
Stephen Murray graduated from Boston College in 1984 with a degree in economics and went on to earn his master’s in business administration from Columbia Business School in 1989. These would set him up for a long and accomplished career, beginning with being hired as a credit trainee in Manufacturers Hanover Trust Co., a large New York bank formed by a merger in 1961. After three more mergers, it’s known today as J.P. Morgan.
Over the years he would rise to become the vice president of middle-market lending and by 1989 he would join a unit of Manufacturers Hanover that was a predecessor to CCMP, a private equity investment firm focused primarily on growth capital transactions and leveraged buyouts. You can read more: CCMP’s Murray dead at 52
Before it would become CCMP it would be a part of J.P. Morgan Partners, where Murray would end up as head of the unit. After complications involving a bidding war in 2004 that resulted in TPG, a private investment firm, threatening to pull their business from J.P. Morgan when Murray’s unit outbid them for the drug company Warner Chilcott, J.P. Morgan split off CCMP.
In 2007 Murray became the CEO of CCMP, establishing a new identity for the firm and raising billions in funds. However, successfully leading the firm for more than two decades wasn’t all he did. He served on the board of numerous major companies, including Aramak, AMC Entertainment, Warner Chilcott, The Vitamin Shoppe and more.
In early 2015 he stepped down from his position as CEO of CCMP, citing health concerns. He passed away only a month later on March 12th at the age of 52, leaving behind not only his wife and four children, but an incredible legacy, too.
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