Posts in Category: Finance Industry

The Growth of CCMP Capital Thanks to Stephen Murray

CCMP is an investment firm that was formally developed by Stephen P. Murray, the former president and chief executive of the firm. This firm is a private equity firm that specifically focuses on both buyouts as well as on growth and equity transactions. This firm was previously known as JP Morgan Partners when investment professionals from JP Morgan Chase ventured off and separated from JP Morgan Chase. As of currently, CCMP has around $12 billion in leveraged buyout as well as growth capital transactions. CCMP has even been ranked on the list of the World’s largest private equity funds. CCMP was ranked as number 17 on this list. With over 50 employees, this investment firm has offices located in New York, London, Hong Kong, as well as Tokyo.

CCMP was originally founded in 1984 and has carried several different names. The original name of this firm was Chemical Venture Partners until the company’s acquisition of Chase Manhattan Bank in 1996. The company then was changed from Chemical Venture Partners to Chase Capital Partners. By 2000, the company had changed the name again to become JP Morgan Chase. As of currently, the name CCMP continues to be a strong name within the investment industry. The portfolio of this company is not only vast, but also is diverse which has not only made this company powerful and wealthy, but an exponentially expanding company.

The former leader of this company, Steve Murray graduated with a degree in economics from Boston College. Mr. Murray was present with his former company throughout all the merges and even co-founded CCMP which was a spinout of JP Morgan Chase. By 2007, Mr. Murray was named to become the CEO of CCMP. In addition to his success within the investment firm, Mr. Murray also served on the board of several different corporations. Some of these companies include Aramark, Generac Power Systems, AMC Entertainment, The Vitamin Shoppe, Pinnacle Foods and many more. With Mr. Murray’s many years of serving his company, he has not only expanded, but also made this company one of the largest private investment firms in the world.

In addition to his success, Mr. Steve Murray is also well-known for his philanthropy. One of the biggest organizations that received much of his donations include the Make-A-Wish Foundation within Metro New York City. Other receivers of his generous donations include Boston College, the Food Bank of Lower Fairfield County, the Stamford Museum, as well as the Columbia Business School. For many of these specific organizations, Mr. Murray sat as chairman of the board. As a dedicated businessman, Mr. Murray was able to support major organizations with large and generous donations that have not gone unnoticed over the years. Mr Murray passed away at age 52 according to a Fortune report.