CCMP Capital losses Steve Murray

Steve Murray is one of the longest serving and founding partners of CCMP Capital. He has served the company for a long time, and he is considered to be one of the individuals who have brought significant changes in the private institution. Just recently, newspapers in the country reported that Steve Murray had died at the age of fifty-two.

According to the papers, the chief executive officer of CCMP Capital had passed away after a long illness. The illness took him from the prestigious position a month before his death. Before leaving the position, Steve Murray had resigned as CEO on health related issues. The company has lost one of its longest-serving Chief Executive Officers.

Murray joined CCMP Capital in the year 1989. The company was known as Chase Capital Partners during these years. Later on, the institution changed its name to JP Morgan Partners after JP Morgan successfully acquired it. As the organization underwent these changes, Stephen Murray CCMP Capital was one of the key players. Under Steve’s leadership, the company was recognized as one of the largest private equity organizations in the world. His skills and expertise played a crucial role in this success. Although the company is working hard under the new leadership to remain strong, experts say that Steve’s loss will affect the institution in several ways.

Read more: Back to Business for CCMP Capital Advisors

CCMP Capital had incredible influence on the finance industry under the leadership of Stephen Murray. Although the institution started operating as Chase Capital Ventures, it managed to invest more than fifteen billion in several business ventures. The company financed different buyouts, and other firms in the country flourished because of CCMP Capital. Companies have also reported that they expanded their operations significantly with the help of the privately held institution.

When Steve Murray announced his resignation from the company due to health related problems, the market in the country reacted to the news. The departure saddened investors, and this affected the operations in CCMP Capital. The successful hedge fund manager had just completed raising over three million funds for its capital, but the investors did not allow the money to trade after the exit of Steve from the institution. His death is one of the biggest blows to the company and the investors who had invested heavily in his institution. The new leadership of the organization is expected to bring everything to order after the mourning period is over. The current CEO says that Steve Murray was a reliable deal maker who played a significant role in the success of CCMP Capital.

Source: http://nypost.com/2015/03/13/ccmps-murray-dead-at-52/