Stephen Murray Was a Captain of Finance

Stephen Murray is best remembered as the former president, CEO, and founding partner of CCMP Capital. He served as president and CEO of the company until leaving in early 2015 due to health concerns. His storied rise with the company began in 1989 when it was then known as Chase Capital Partners, one of the biggest private equity firms in the world.

Murray was only 52 when his health concerns led to his stepping down as president and CEO of CCMP Capital and he passed away only two months afterward.  Learn more about Stephen Murray CCMP Capital: http://fortune.com/2015/03/13/ex-ccmp-capital-ceo-steve-murray-passes-away/ and http://patch.com/connecticut/stamford/stephen-p-murray-52-financial-executive-stamford-resident-vice-chair-boston-college-board-trustees

Stephen Murray began his career by earning a bachelor’s degree in economics from Boston College then an MBA from Columbia Business School before getting into private equity. He began as a credit trainee with Manufacturers Hanover where he would later become vice-president of lending. When Manufacturers Hanover was acquired by JPMorgan in 2000, Murray was promoted to lead their buyout operations.

Later, as president and CEO of CCMP Capital he would lead the firm in staking out independently from the JPMorgan brand. Murray quickly allayed skepticism of whether the firm would succeed without financial backing from JPMorgan or without its brand recognition. CCMP Capital was able to raise $3.4 billion in its first fundraising campaign outside of JPMorgan with 80% of the funding coming from outside investors.  Read more: CCMP’s Murray dead at 52 and This Old Thing? Private Equity Honcho Drops Little Place Uptown for $11M

Stephen Murray was also active in helping build and improve other businesses as part of CCMP Capital investments, sitting on the board of companies like AMC Entertainment, Cabela’s, Aramark, Crestcom International, Ollie’s Bargain Outlet, and Strongwood Insurance Holdings, among many others.

Additionally, Stephen Murray parlayed his business success into supporting local non-profits like the Stamford Museum and the Food Bank of Lower Fairfield Country through charitable contributions, as well as hosting fundraising events and serving as a chairman for the Make-A-Wish Foundation of Metro New York. He would also give back to his alma mater, Boston College, by serving as its vice-chairman of the board of trustees.