Investment Banker and philanthropist Stephen Murray died March 7th, 2015 at the age of 52. He left behind four sons and his wife Tami A Murray. His legacy in private equity banking is second only to his contribution to many charities.
Raised in Westchester County in New York, Steven Murray went on to earn a degree in Economics from Boston College in 1984. He rounded out his education with a MBA from Columbia in 1989. He has been an active financial supporter of both his alma maters ever since.
According to Bloomberg, Stephen Murray specialized in middle market leveraged buyouts and growth equity investments. Concretely, he was responsible for raising $3.6 billion in funds for CCMP. As the former CEO and president, he resigned from the capital private equity firm a month before his death for health reasons.
Fresh out of business school, Steven Murray started working in 1989 at the company that would become Chase Manhattan and later JP Morgan. Learn more about Stephen Murray CCMP Capital: http://fortune.com/2015/02/17/exclusive-ccmp-capital-ceo-stephen-murray-leaves-firm/ and http://rcactrack.com/2016/01/01/ccmp-capital-resumes-business-after-death-of-stephen-murray/
For over fifteen years he worked his way to the head of the banking giant. His business acumen allowed him to successfully make $100 to $500 million dollar deals notably in consumer, industrial, health care and energy sectors.
In 2005, Steven Murray’s notoriety as the head of business buyouts was ensured when he negotiated the purchase of the pharmaceutical company Warren Chilcott. Competing banking firms, Blackstone Group LP, KKR & Co. and TPG Capital were in uproar over the buyout, refusing to do further business with JP Morgan.
Undaunted, Stephen Murray cofounded CCMP as a spinoff of JP Morgan, allowing him to continue to exercise his business prowess without negative consequence.
Making his home in Stamford Connecticut, Steven Murray was an active contributor to the local Stamford Museum. He also donated generously to the Food Bank of Fairfield County. His greatest acts of philanthropy were donated to the Make-A-Wish Foundation of Metro New York.