Steve Murray has been a leading private equity investor as well as a philanthropist. He has been the chief executive officer and president of CCMP Capital, a premier private equity company that specializes in growth equity and buyout transactions. Murray attended and graduated from the Boston College in 1984. He graduated with a degree in economics. Later, he went to Columbia Business School on en.wikipedia.org where he graduated in 1989 with a master’s degree in business administration.
Steve Murray is one of the founding partners of CCMP Capital that successfully split from JP Morgan Chase & Co. The spun out occurred in 2006 in order to evade potential conflict with JP Morgan Chase & Co’s clients. CCMP Capital, headed by Steve Murray, raised its latest fund in 2014 with $3.6 billion. CCMP Capital invests between $100 million to $500 million of equity in any particular project. Its focus is usually on firms within the consumer, health care, industrial, and energy sectors. Among its investments are Quiznos Corp. and Cabela’s Inc.
Murray grew up in Westchester County on Fortune, a suburb in New York. His career in private equity started in 1984 when Manufacturers Hanover Trust Co., based in New York, recruited him as a credit trainee. He rose through the ranks and became the vice president of middle market lending. In 1989, Steve Murray joined a leveraged finance and private equity unit of Manufacturers Hanover that later resulted in the establishment of CCMP. After a merger of three companies in 2000, Manufacturers Hanover became a part of JP Morgan.
In 2005, Murray was announced as the head of business buyout for the bank, which at the time was known as JP Morgan Partners. The bank was well known for investing in deals within the middle market along with its private equity clients. In 2006, Murray co-founded the firm, which is now referred to as CCMP Capital that eked out from JP Morgan Chase. As a founding partner of the firm, Steve Murray is regarded as an exceptional deal maker and terrific investor. He has made enormous contributions towards the success of CCMP Capital and its heritage firms.
When it comes to philanthropy, Murray supported a number of organizations. They include Make A Wish Foundation of Metro New York, Stamford Museum, the Food Bank of Lower Fairfield County and Columbia Business School. Additionally, he also served as a member of chairman’s council for Metro New York’s Make a Wish Foundation and as the vice chairman, board of trustees for Boston College. Murray also served in the boards of leading firms like Generac Power Systems, Aramark, Warner Chilcot, and Pinnacle Foods.