Economics is a major part of the lives of everyone on the planet, and knowing the way around them can help out a lot. All one has to do is look at the life work of one Stephen P. Murray.
Stephen P. Murray was born on August 2, 1962 in Brooklyn, New York but then moved up to North Tarrytown in the same state. He spent his high school years at Sleepy Hollow High School, before moving to pursue an education at Boston College, earning his bachelors in the field of economics in 1984.
From there he added to it with a masters degree in business administration from the Columbia Business School in 1989. Learn more about Stephen Murray CCMP Capital: https://www.pehub.com/2007/10/5-questions-with-stephen-murray/
While pursuing his educational studies, Stephen Murray took part in the credit analyst training program for a company called Manufacturers Hanover Corporation right after graduating in 1984. After he finished his master’s degree he took on a new role and joined up with the MH Equity Corporation in 1989, which involved a complex mixture of the group’s private equity division and the financing unit.
Murray used his experience in the financial field to do some business with JP Morgan Chase and Co., eventually becoming the head of their buyout business sector in 2005. A year later in 2006, Murray made his biggest business move to date, which was co-founding CCMP Capital as a spinoff of JP Morgan. CCMP was a financial equity group that was solely responsible for managing the buyout and total growth equity of its team, eventually earning the role of CEO in 2007.
CCMP had some immense success with a fundraiser last year, where they managed to raise a grand total of $3.6 billion, though the company usually invests between $100 and $500 million in equity for its consumer and industrial sectors.
In addition to being a famed and careful businessman, Stephen P. Murray was also a known philanthropist. Many of his activities included being a staunch supporter of the Make A Wish Foundation the New York Metropolitan Area, as well as also being a member of the chairman’s council. He has also served as the vice chairman on the Board of Trustees for his alma mater, Boston College.