Steven Murray; A life of dedication to private equity and philanthropy
The immediate former President and Chief Executive Officer of a New York-headquartered private equity company CCMP Capital is fondly remembered as a dedicated worker, philanthropist and family man. Steven Murray worked at CCMP Capital for a cumulative sixteen years prior to tendering his sudden resignation in early 2015. A month later following his resignation, he was pronounced dead with health-related reasons cited as the cause of his death. He died at the age of fifty-two.
Murray attended Sleepy Hollow High School and later went to Boston College. In 1984, he earned a degree in economics and would later enroll at Columbia Business School and complete his Master’s in Business Administration on LinkedIn. Murray began his illustrious working career with CCMP Capital in 1999. At the time, the company was known as Chase Capital Partners. It was later renamed to JPMorgan Partners after being bought by JP Morgan. What followed was tremendous success enjoyed by JP Morgan Partners, as it became a renowned private equity company in the domestic and international scene.
In 2006, CCMP branched out independently as a result of a spin-off from the predecessor group. In 2007, Murray succeeded group founder Jeff Walker as the CEO of CCMP Capital. Murray was a board member in several organizations in different segments of the economy; from insurance to hospitality and health. The corporations included Jetro JMDH Holdings, LHP Hospital Group, Crestcom International, Infogroup Inc., Octagon Credit Investors, Strongwood Insurance Holdings and Ollie’s Bargain Outlet.
Upon learning the demise of his friend and business associate, Greg Brenneman, the current CCMP chairman and CEO, was saddened by the news. Both Murray and Greg Brenneman had been the only two CCMP directors listed down in SEC filings due to their starring role in the successful fundraising initiative that raised about $3.6 billion for CCMP’s latest fund on nypost.com. Mr. Greg sent his heartfelt condolences to Murray’s family, noting that Murray was a good man, the pride, and delight of his family.
Murray spent a large chunk of his career working in private equity, and as a result, he developed some outstanding deal making and investment skills. He further added that CCMP and its precursors were grateful for the tremendous contributions that Steven made towards their overall success.
Apart from Steve’s dedication to his career, philanthropy was something that was really close to his heart. He made contributions to several humanitarian groups and foundations, including Make-A-Wish Foundation and Stamford Museum among others at http://www.wsj.com/articles/ccmp-capital-advisors-gets-backing-to-resume-investing-from-fund-1430946145.