Stephen Murray, or Steve Murray as he was also known, passed away on March 12th, 2015, just a month after he stepped down as CEO from CCPM, a private equity firm he co-founded in 2006. He stepped down due to health-related reasons.
A New York City native, he moved to Boston, Massachusetts after high school, where he would later get a Bachelor of Arts in Economics from Boston College in 1984. After graduation, he began working as a credit trainee for Manufactures Hanover Trust Co. as part of their analyst training program. In 1986, he married his college sweetheart, Tami Monti of Rhode Island, with whom he would raise four children. Learn more about Stephen Murray CCMP Capital: http://patch.com/connecticut/stamford/stephen-p-murray-52-financial-executive-stamford-resident-vice-chair-boston-college-board-trustees
Throughout the following years he stayed with the firm and in 1989, he joined the private equity and leveraged finance unit of the company. That same year, he would also graduate from Columbia Business School with a Master’s of Business Administration.
After a series of mergers, Manufacturers Hanover became JP Morgan Partners after JP Morgan acquired Chase Capital Partners in 2000. Murray would later become the head of the buyout business in JP Morgan Partners in 2005. Read more: This Old Thing? Private Equity Honcho Drops Little Place Uptown for $11M and Ex-CCMP Capital CEO Steve Murray passes away
Just a year later, Murray was a founding partner of CCMP, a JP Morgan Partners spin-off which paid tribute to its historical companies through its name: Chemical Ventures, Chase Capital, Manufactures Hanover Capital/J.P. Morgan, with the “P” standing for partners. He would eventually become CEO and President in 2007, serving in those positions until he stepped down in 2015.
Stephen Murray was also known as an avid philanthropist, being on the Chairman’s Council of the Make-A-Wish Foundation of Metro New York, serving as Vice Chairman of the Board of Trustees at Boston College, and supporting the Stamford Museum and the Food Bank of Fairfield County. In his official obituary, it was asked that individuals send donations to the Food Bank of Fairfield County instead of sending flowers to Murray’s family. Learn more about Stephen Murray CCMP Capital: https://www.pehub.com/2007/10/5-questions-with-stephen-murray/
Murray passed away at the age of 52 and is survived by his wife Tami Murray, and their four children.