Today there are many people who want to be involved in the business world, but with its growing success and competition, those who want to pursue a business career are faced with many difficulties. Since a good business includes a good strategy as well as a good approach, people need the right role models who will be representatives of what a successful businessman looks like. This is the case with Stephen Murray, who was one of the most prominent businessmen.
WHO WAS STEPHEN MURRAY?
Stephen Murray was the former President and Chief Executive Officer of CCMP Capital, which is a private firm that focuses on growth equity transactions. He graduated in 1984 from Boston College and spent the best part of his career in private equity, thus greatly contributing to the success of Stephen Murray CCMP Capital. In 1984, Mr. Murray became a part of the training program at Manufacturers Hanover Corporation. After that, he joined JPMorgan’s merchant bank in order to build an equity business, and during this time he proved to be a terrific investor. He was named its CEO in 2007, thus helping the firm establish a new identity with its investors. Last year, this firm raised $3.6 billion fund thanks to Mr. Murray.
Apart from this, he was a philanthropist who supported the Make-A-Wish Foundation of Metro in New York, Columbia Business School and Stamford Museum. He died this year at the age of 52, leaving behind a great work and accomplishments.
MR. MURRAY’S JOINING TO CCMP CAPITAL
CCMP Capital represents a private firm that focuses on growth capital transactions and leveraged buyout. It was founded in 1984, and since then, it has changed several names. The first name was Chemical Venture Partners, and it was later changed into Chase Capital Partners. After that, it changed the name into JP Morgan Partners.
In 1984, Mr. Murray was hired as a trainee at Manufacturers Hanover Trust Co, which became a part of JP Morgan Partners in 2000. Five years later, Mr. Murray was named the head of the buyout department the bank, and he invested in middle-market deals, which contributed to a great success. However, Mr. Murray had to leave this firm due to his health problems.
This firm has now won support to continue investing from the latest fund, and a certain number of partners supported a reinstatement of the fund.
Taking all these things into consideration, one can conclude that a good strategy and leadership are necessary in order to succeed in this competitive business word, and that was something that Stephen Murray surely possessed, which is not a surprise why he now serves as a role model to many individuals who want to pursue this career.