Category Archives: Brenneman

Desiree Perez contributions in the Roc industry

Is Desiree Perez is among the few individuals that have made it as professionals in the music industry. She is said to have made it to the top through her close relationship with Jay Z, a star at Roc Music. She has been a key associate to some of the major celebrities in the music industries not limited to Rihanna and Shakira among others.

Their relationship does not only trace back to when holding the executive officer position in the Music industry but it has been long for about 20 years now. Perez relationship with celebrities is believed to have helped him a lot in imparting skills in her more so on how to run the SC enterprise.

Before she won the position of a chief operating officer, Perez worked in a close relation with Jay Z. The two always had a close relationship with the executive officers of the Universal Music Group to the extent of even meeting to deliberate on the fate and success of the music industry.

In one of their meeting, there were speculations that a key part of their discussion was how the Group would buy a stake in Roc Nation. If this bid is in a way true or goes by, Desiree Perez and Jay Z are expected to have made it in the Roc industry. The move is said to help them in sourcing resources to help them nurture new artists into their streaming services.

In her current position, Desiree Perez is an executive in the Roc Nation as a chief operating Officer. As a member of the group, some of her major responsibilities include publishing, managing and labeling the group’s operations. Still while at the position as an executive officer, she made major developments including being part of the Samsung deal talks with Rihanna. Apart from this deal, she was also involved in the negotiation of a Formation Stadium whose success today has been accomplished.

Learn More: hollywoodstreetking.com/jayz-desiree-perez-informant/

Business Changes At Stephen Murray’s CCMP Capital

CCMP Capital Advisors specializes in “growth equity investments and leverage buyouts.” Six months after closing on a $3.6 billion fund, CCMP Capital’s ‘key-man,’ Stephen Murray passed away. This came just one month after he cited, “health reasons” for his immediate departure from the company in February 2015. Stephen Murray was one of the original founders of CCMP.

The death of the former Chief-Executive-Officer’s left many unknowns for the latest fund. Upon release of Murray’s announcement, CCMP’s advisory board, quickly followed with its own public statement, saying that due to the aforementioned, “health related issues,” they would move to permanently replace Stephen Murray CCMP Capital.

One can assume many relevant concerns. But in the end, the only thing that mattered from a business standpoint, was honoring the ‘key-man’ provision; to protect the future of the $3.6 billion fund.

According to information, provided by an inside source, the financial and business news magazine, Fortune, reported that Stephen Murray was forced to step down, due to “substance abuse” problems. This was a direct concerned, when the $3.6 billion fund closed in September.

The concerned was addressed by a dual-provision, which allowed for more than one key man. As it turned out, this clause permitted ‘then’ Chairman, ‘now’ Chief-Executive-Officer, Greg Brenneman, to take over as key man, immediately.

At the time of Murray’s death, the fund was 40% committed and although it was contractually protected by the dual provision; it wasn’t an automatic key man switch. A committee had to vote Brenneman as an appropriate replacement, through a process called, “rolling reinstatement.”

Before founding CCMP, Stephen Murray began his career as a low level trainee in the credit department of Hanover Trust Company. Through hard work, he rose to higher ranking executive positions, being promoted to Vice President of middle market lending, for the same company.

Prior to being named CCMP, the Hanover Trust Company was part of a much larger division of JPMorgan. That was in merger deal in 2000, then in 2005, Stephen Murray was promoted to head of the JPMorgan Buyout Division. Learn more about Stephen Murray CCMP Capital: http://www.wsj.com/articles/ccmp-capital-advisors-gets-backing-to-resume-investing-from-fund-1430946145

Later the next year in 2006, the separate spinoff company, CCMP, was officially named as a single business entity. CCMP was created in order to bring diverse business investments to the table, without presenting the image of favoring the firm.