Stephen Murray CCMP Capital, so when he left the company, it was a mystery. The mystery was such initially when he left the company, but it’s important to recognize that oftentimes, those who are leaders of organizations need some solace from time to time. Was this goodbye from Murray giving a strong sign that something was wrong?
Initially, Murray’s leaving was possibly construed as a business issue, or rather a difference of opinion that caused him to walk away. However, it was revealed later that Murray was taking medical leave. As the President and CEO of CCMP Capital, this was a big deal. Murray was able to raise more than $3 billion dollars for an equity deal just 4 to 5 months prior to his departure from CCMP Capital.
Murray was known for his experience with J.P. Morgan Chase, and it was his credit experience that gave him the foresight to see what would work in private equity transactions. Successful investment strategy isn’t about who has the most money to run their company, but rather who can see where a company is right now and make a prediction about their financial situation and determine how well the company could be doing.
Totaling nearly $12 billion in assets, CCMP is growing stronger every day. The ability to resume investing was a welcome relief for other advisors with CCMP Capital. There may not be another investor with the insight or ability that Murray had, but the company remains strong and is continuing to invest and help businesses expand their offerings. Private equity funds are what CCMP is known for, and it’s what Murray did best. It’s difficult to lose a CEO and co-founder, but regardless of the situation, the company continues to flourish under new leadership from one of its advisors.