Those who knew Stephen Murray personally understand that his legacy can never be wiped out, thanks to the waves he made in the world of capital and finance. The now deceased CEO of CCMP passed away at the relatively young age of 52 due to unknown health reasons. Just before his death, he had stepped down in his role to manage his personal health, a spokesperson for the firm confirmed.
Stephen Murray ran one of the most successful investment branches in the industry at CCMP out of New York City. The company was a part of JPMorgan Chase, and they continued to yield positive cash flows for investors year after year. The company was founded by Murray in 2006 to avoid conflicting interests of various clients within the umbrella corporation of JPMorgan Chase.
Their strategy is to attack mid-market deals and invest in equity for a long term ROI. Thanks to execution and sound strategy, the firm managed to get investments of over $3.6 billion last year. Read more: CCMP Capital Advisors Gets Backing to Resume Investing From Fund
Typically, an investment of $100 to $500 million is made with the firm. That is from the official statement on CCMP’s website. They target the consumer, industrial, healthcare, and energy sectors primarily. Some of their famous investments include Chilcott, Quizno’s, and Cabela’s.
Stephen Murray’s hometown is New York, having been raised in the suburban district of Westchester County. He went to college at Boston College to get his BA and then to Columbia in NY to wrap up his MBA.
From there, his path to becoming a successful investor is quite unique. Stephen Murray actually started out at the bottom as a credit trainee at a manufacturing company. Eventually he was promoted to the VP of the middle-market investment branch of that company. He broke off the company and made it his own, eventually getting acquired by JPMorgan Chase in 2000, but not before going through three separate merger transitions.
Murray would go on to make a successful name for himself and earn the respect of the financial industry while working under the umbrella of JPMorgan Chase and partners. It was 2005 when he again broke of CCMP to become a different branch of the company, and from there things continued to look up. He is survived by his wife Tami and four kids in Connecticut. And he is remembered as a genius investor by his colleagues in the industry. His death was truly a shock to all who knew him.