Success Always Finds Eric Lefkofsky

Eric Lefkofsky is an entrepreneur who grew up in Michigan. His mother was a school teacher and his father was a structural engineer. After graduating from high school, he attended the University of Michigan where Eric Lefkofsky obtained his undergraduate degree and his Juris Doctor. After college, he experienced his first taste of entrepreneurship when he teamed up with his college friend to buy an apparel company in Wisconsin.

The two would move on to create Starbelly in 1999, an early internet company. Starbelly was sold to Halo Industries in 2000 after experiencing quick success. Lefkofksy then co-founded InnerWorkings in 2001. This print procurement services company would also experience quick success and had a successful initial public offering in 2006.

In 2005, Lefkofsky and his friend Keywell founded Echo Global Logistics, a freight logistics company that received financing from one of the largest technology investors in the U.S., New Enterprise Associates. In 2006, they founded a media-buying technology company, MediaBank. MediaBank acquired one of the largest platforms in the industry, Datatech. New Enterprise Associates came through for funding again and a merger between Donovan Data Systems and MediaBank would occur in 2012, creating Mediaocean.

A year after creating MediaBank, Lefkofsky funded a new online collective action website with his own money and would help launch it. changed its name to in 2008, becoming the fastest growing company in history within 3 years. In 2013, Eric Lefkofsky became Groupon’s CEO, stepping down to Chairman in 2015.

In 2012 Lefkofsky and Keywell founded Lightbank, a Chicago-based venture firm. In 2014, Lefkofsky moved on to found Uptake, LLC and in 2016, he founded Tempus. Tempus is a technology company that gives doctors the ability to give cancer patients personalized care. Eric Lefkofsky is the company’s CEO.

Eric Lefkofsky is a successful entrepreneur, but also an active philanthropist. He founded the Lefkofsky Foundation in 2006 alongside his wife to help support charitable causes from all over the world that support educational and scientific causes. The foundation has helped to fund more than 50 organizations since its founding. He is also a member of the The Giving Pledge.

Lefkofsky sits on the board of directors at organizations like The Museum of Science and Industry, the Children’s Memorial Hospital in Chicago, and The Art Institute of Chicago. He is one of World Business Chicago’s board members and is a Trustee at the Steppenwolf Theatre Company.

CCMP Capital Moved Quickly to Update the Key Persons List After the Passing of Stephen Murray

After the death of Stephen Murray in March 2015, CCMP Capital quickly moved to receive support from key persons involved in the CCMP Capital Investors III Limited Partnership Fund to reinstate the investment period. The firm wanted approval to resume investment initiatives and to offer concessions, according to Bloomberg Business. Investors were offered in one concession “to pledge an additional $60 million by key persons of the original fund to show their commitment with the risks and fortune involved with the fund″. A year before Mr. Murray passed away, he closed more than $3 billion in an investment deal. An investor told WSJ that the firm planned to use portions of additional capital to buy-out the interest of Mr. Murray.

Principles of CCMP had already pledged approximately $200 million in the Capital Investors III L.P. Fund. The fund was created by Stephen Murray in September 2014 to generate high returns on investments of middle-market businesses, such as healthcare, consumers, and energy in European and North American countries. The investors of the original CCMP Capital Fund comprised insurance companies, endowments, high net worth persons, corporate & public pension funds, foundations, and sovereign wealth funds. When the middle market buyout and growth equity fund was closed, Stephen Murray CCMP Capital was very pleased with the outcome. He said that the “CCMP Capital managing team is pleased with the performance of its fund portfolio and is looking forward to delivering remarkable investment returns for their investors.″

CCMP Capital Investors III Fund included key men clauses, which included Mr. Murray, Greg Brenneman, and the firm’s investment committee. The list of key men was updated to include operating partner, Douglas Cahill. One key man, Joe Delgado was removed from the list. Delgado was a member of the energy and industrial management team. To ensure the Fund continued to function as Mr. Murray planned, CCMP and interested investors moved rapidly for reinstatement. Stephen acknowledged after the closing of the fund that their success is due to over 30 years of experience receiving reliable and favorable investment returns.

Former Co-founder, Chief Executive Officer, and President of CCMP Capital, Stephen Murray died in his home on March 12th, 2015 according to the New York Post. He passed away a month after resigning from the firm because of health related issues. Mr. Murray will forever remain in the hearts and thoughts of immediate family members, investment partners, and the whole CCMP team. He was born in Brooklyn, New York and raised in North Tarrytown, where he attended high school. Mr. Murray received a bachelor’s undergraduate degree in economics from Boston College and a master’s graduate degree from Columbia Business School.