Stephen Murray was born in 1962. He was educated in Boston where he graduated with a BA and an MBA from Boston College and Columbia business school respectively. Stephen Murray died in March 2015 bringing to an end a colorful and illustrious career in private equity industry.
Though his time was short, he littered the industry with an enthusiasm for a deal every time an opportunity presented itself. For over 20 years that he spent in the corridors of CCMP and its predecessors, he was a constant figure in significant deals facilitated by the firm.
When CCMP picked him to be the CEO of the newly spin out of JP Morgan Chase, it was a culmination of a strong career and enduring loyalty to the company. Having joined Hanover Trust in 1989 shortly after graduating, he remained a constant as the entity passed through various phases, takeovers and its final spin out in 2006 to become CCMP.
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He proved an enduring figure largely because of his knack of not leaving the table before the deal was signed. He gained a significant appreciation of his peers growing steadily from an intern, through to management and later to an executive position. He was described as a vital cog in many private equity deals for both CCMP and its predecessors. Read more: CCMP Capital Resumes Business After Death of Stephen Murray
Murray proved to be a ‘terrific dealmaker’ and CCMP founding CEO underlined Stephen’s stature in the business with a growing tribute during his funeral in March 2015. His legacy, however, towers tall in the leveraged buyouts and growth equity investments. Upon the spin out, Stephen Murray noted the conflicting interests that prompted the need to separate from JP Morgan Chase. He suggested that for harmony, the spin out was inevitable at the moment. It proved to be a wise idea ultimately as CCMP under Murray grew in stature from a new standalone entity to an industry leading firm.
Until his retirement, he oversaw significant deals notably organizational structuring of Panorama, Unitas, and Linzor capital to operate autonomously. In his last deal, he helped raise $3.6B in equity shortly before health complications took a toll on him, and he opted to resign.
He always preferred a private profile and even at the height of his achievements, he maintained a quiet and professional appearance in several boards including LHP Hospital Group, Boston College Board of Trustees and Inforgroup Inc. He left behind his wife Tami Murray and four children.