Steve Murray Passes on

Stephen Murray, popularly known as Steve was born on August 2, in the year 1962. He was a private equity investor and also a well- known philanthropist. He died last year at the age of 52. At the time of his death, Steve Murray was the president of CCMP Capital, a private organization that specializes on buyout and also growth equity transactions.

Steve Murray managed to get this top position in CCMP Capital because of several reasons. First of all, he is very educated, and he was also one of the founding partners of the company. This means that he had all the knowledge of the institutions operations. Since CCMP Capital was started several years ago, it has managed to become one of the best private held companies in the United States, and everyone highly appreciated the contributions of Steve.

He went to some of the best schools to acquire his education. He graduated with a degree in economics from an institution known as Boston College in the year 1984, and after this, he decided to further his education. In the year 1989, the hedge fund manager managed to get a master’s degree, this time in Business administration from a school known as the Columbia Business School.

Read more: 5 Questions with Stephen Murray, CEO of CCMP Capital

After completing his first degree in the year 1984, Steve Murray got his first employment. Murray becomes a part of the credit analysts training program in a company known as Manufacturers Hanover Corporation. In the year 1989, Steve moved to a different organization, becoming a part of MH Equity Corporation. This new company had combined his former employers with a leveraged finance unit.

After some time, Manufacturers Hanover’s was bought by a different company on, known as Chemical Bank in the year 1991. MH Equity has made some changes, merging with Chemical Venture Partners. At the end of it all, these changes led to the formation of a partnership that ended up becoming CCMP Capital.

In the year 2007, Steve Murray took over the leadership of the successful institution, and under his leadership, CCMP Capital made a lot of progress, making huge amounts of profits as usual. Apart from working at CCMP Capital, Steve was also part of the board of directors for different companies in the United States. Some of this includes Aramark, AMC Entertainment among several others.

Steve was also an active philanthropist in the country. In his life, he managed to support a foundation known as Make a Wish Foundation that is located in New York City. He also supported his former school, Boston College among others.