The late Stephen Murray, who passed away this past March, was a successful private equity investor and philanthropist. Murray began as a credit analyst for Manufacturers Hanover Corporation and after a series of mergers and acquisitions ended up in private equity for the firm which eventually became Chase Capital Partners. After this stint Murray went to lead the buyout business at JP Morgan Partners in 2005. After this, in 2006 Stephen Murray CCMP Capital. This spinout of JP Morgan Chase contained both the buyout and growth equity portions of the private equity group. In 2007 Murray was chosen as the CEO of CCMP Capital which led to tremendous growth. Aside from his business success Murray was very active in giving back. He supported the Make-A-Wish-Foundation, Boston College, Columbia Business School, Stamford Museum, as well as the Food Bank of Lower Fairfield County. He also provided guidance by serving on the board both at Boston Colege and for the Make-A-Wish Foundation of Metro New York.
The company co-founded by Stephen Murray, CCMP Capital, is a global private equity firm that provides a breadth of in-depth industry experience to its clients. The spinout of JP Morgan is stacked with talent from its previous employer. Rather than be a jack of all trades the firm decides to instead use its expertise to its advantages and specializes in investments in four sectors: consumer/retail, industrial, healthcare, and enery. By leveraging the firm’s vast knowledge among these sectors under an array of market conditions they are able to succeed in just about any market.
To diversify from the buyouts and growth equity in its clients portfolios the firm also maintains access to the bank loan and high yield debt markets through its affiliate Octagon Credit Investors. This affiliate specializes in low grade corporate credit and currently has over $10 billion under its management.