CCMP Capital Steve Murray Exits The Private Equity Arena
Steve Murray a long-term investor who has been specializing in private equity suddenly exited the private equity market arena. His exit was through his sudden demise after he experienced health-related complications which had forced him to quit working at CCMP Capital. Murray, however, left a great legacy at CCMP Capital because he was a terrific investor and a great deal maker. His experience in private equity has also been a great promoter of stability at CCMP Capital. Murray was the co-founder and the president of CCM Capital, he succeeded Jeff Walker and in return has been succeeded by Greg Brenneman the chairman of CCP capital. Greg remembers his active participation in the company and definitely agrees that they have lost a legend in the business.
CCMP Capital since 1984 has been very active in the equity market globally. The firm has been working with a team of world-class partners who have the greatest sole proprietary skills that have promoted running of the firm. The firm also works with a team of management partners who have over time been the sole stability of activities at Stephen Murray CCMP Capital. CCMP Capital focuses on retail products, health care products, chemicals and industrial. The success of the company is from its heritage of partners who comprise the initials CCMP Capital including Chase Capital, Chemical Ventures, Manufactures Hanover and partners. Before the firm was known as Chase capital but changed to JP Morgan Partners after JP Morgan bought its shares. The firm acquired independence in 2006 and established the name CCMP Capital.
CCMP Capital since 1984 has managed to scoop over $16 billion holding in private equities and transactions. The whole team is saddened about Murrays passing especially when they remember the great regard he has had for his family. The whole CCMP Capital understands the void that Murray has left empty but still glad that he was a great help in developing of the company since his joining presidency in 1989. He has also been a great participant in board memberships of many companies like Crestcom International who are a great part of the CCMP Capital.
Murray passed away as reported by Wall Street Journal on March 2015 but still the company has not yet gotten over his leaving. His participation in CCMP Capital was great, and he joined the firm and became its president in 1989. Murray’s career life has been all in private equities. He studied Bachelors of Economics at Boston College and earned a Masters of Business Administration from Columbia School of Business. He was also a participant in board membership of Boston College and a great philanthropist. His philanthropy was through a non-governmental organization in metro New York known as Make-A- Wish-Foundation. Also, he participated in the council team of the charitable organization. Murray passed on at the age of 53 years.