CCMP is an investment firm that specializes on growth capital and leveraged buyout. It was known as JP Morgan Partners before they separated from JPMorgan Chase in 2006. Since its inception, CCMP has investments of up to $12 billion and in 2007, it was ranked 17 in the private equity funds category. Originally, in 1984, it was named Chemical Venture Partners where it started as a private equity and venture capital branch of Chemical Bank. The key people who made sure that the New York based investment firm was operating properly were Greg Brenneman, the CEO Stephen Murray CCMP Capital, who was also the President and the Chief Executive Officer.
Under the leadership of the late CEO Stephen Murray, the chemical investment firm then adopted the Chase name after acquiring the Chase Manhattan Bank in 1996. In 2000, he spearheaded the procurement of J.P. Morgan & Co. and, it led to the formation of JPMorgan Chase after which it changed its name to JP Morgan Partners. In 2004, the investment firm acquired Bank One which already had its own investment group. Between 2005 and 2006, JP Morgan Partners announced a spinout. The firm that formed after adopted the CCMP which stands for Chemical and Chase and JP Morgan Partners. The Morgan Partners were also followed by many other private equity groups.
In 2007, there was a fundraising that closed on $3.4 billion in commitments according to Wall Street for the Stephen Murray CCMP Capital Investors II. It was its initial capital after they had split from other major partners like the JPMorgan Chase. Other firms like the Panorama Capital that is based in Menlo Park, California specialized on venture capital after the separation. Others that firms which resulted from the spinout include the Unitas Capital that formed from Stephen Murray CCMP Capital Asia. Under his tenure, Murray was able to secure responsibilities like the firm still manages both the JP Morgan Partners Global Fund. Other investments made include AMC Entertainment, Berry Plastics, Guitar Center, Inc., Hanley Wood among others.
Murray, unfortunately, died at the age of 52 after he left the firm due to health related issues. His works will be remembered as he tirelessly worked with the company since its 1989. He began his career after the JPMorgan Partners opted to spin out of the CCMP. He succeeded the then CEO and founder Jeff Walker. Other responsibilities that the late Murray held include Infogroup Inc., LHP Hospital Group, Octagon Credit Investors and Crestcom International. Greg Brenneman took over his position after his demise.