What Stephen Murray Did As CEO Of CCMP Capital

Stephen Murray, deceased as of March 2015 was the CEO of CCMP Capital, a private equity firm that is currently run by Greg Brenneman and a team of executives. Murray had contributed greatly to the firm’s growth, including its initial public offering. He had sat down with peHUB in 2007 to discuss the new direction of the company.

First he explained how the company was going to be raising capital outside traditional bank loans and venture capital funding, and had garnered its funding from private investors and alternative means. He also had taken over as CEO from Jeffrey Walker who had previously led CCMP Capital during its time with JP Morgan, and it had to do with a slightly different philosophy on how the company would obtain growth. And Murray also explained how in leaving JP Morgan, he was able to attract larger individual investments and managed the transactions as part of those investments all the way through.

Stephen Murray had quite a legacy as an investor and large business deal maker since he first got into investment banking and building business portfolios. He got his degrees from Boston College and Columbia University, and started out as a credit analyst at Manufacturers Hanover Corporation. This was a major investment bank in Manhattan that became the point of interest for many other big banks, including Chemical Bank in the late 1980s, and was later merged with Chase Manhattan and then JP Morgan.

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Murray had moved during his career from credit analyst and advisor to managing the buyout division, serving as vice president while Jeffrey Walker was running the division. The buyout division started operating more autonomously as the bank underwent its mergers, and Murray had helped raise several public offerings during its time, including a large $5.2 million offering in 2002. The division, known at first as JP Morgan & Partners started buying several retail, healthcare and energy companies. But due to potential conflicts of interest with clients, JP Morgan & Partners parted ways with the parent bank.

Murray served as CEO from 2007 to 2015, and even after the firm’s initial public offering had helped raise an additional $3.6 billion in 2014. Unfortunately, Murray’s health started declining in late 2014 and in early 2015 it was announced that he had stepped down as CEO. Just weeks later Murray passed away, leaving behind a wife and four children, but his fellow executives commended his legacy in statements following his passing.

Read more from Stephen Murray on Institutional Investor
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