John A. Canning Jr. is a
private equity
In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a ty ...
investor and sports executive. He is the founder and chairman of
Madison Dearborn Partners
Madison Dearborn Partners (MDP) is an American private equity firm specializing in leveraged buyouts of privately held or publicly traded companies, or divisions of larger companies; recapitalizations of family-owned or closely held companies; ba ...
, the large
Chicago
(''City in a Garden''); I Will
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-based
private equity firm
A private equity firm is an investment management company that provides financial backing and makes investments in the private equity of startup or operating companies through a variety of loosely affiliated investment strategies including leve ...
.
Career
Canning was an
early investor in
private equity
In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a ty ...
in the late 1970s and early 1980s. Canning founded
Madison Dearborn Partners
Madison Dearborn Partners (MDP) is an American private equity firm specializing in leveraged buyouts of privately held or publicly traded companies, or divisions of larger companies; recapitalizations of family-owned or closely held companies; ba ...
in 1992. Since then the firm has raised over $14 billion of investor commitments. Prior to founding Madison Dearborn, Canning and his team had previously made
private equity
In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a ty ...
investments for
First Chicago Corporation. Canning joined The First National Bank of Chicago in 1968 and spent 24 years with the bank serving as Executive Vice President of the bank and later as President of First Chicago Venture Capital, the predecessor of Madison Dearborn.
Board Memberships
Canning currently serves on the Boards of Directors of
*
Milwaukee Brewers Baseball Club (Canning is a minority owner)
*
Exelon Corporation
Exelon Corporation is an American Fortune 100 energy company headquartered in Chicago, Illinois and incorporated in Pennsylvania. It generates revenues of approximately $33.5 billion and employs approximately 33,400 people. Exelon is the largest ...
*
TransUnion
TransUnion is an American consumer credit reporting agency. TransUnion collects and aggregates information on over one billion individual consumers in over thirty countries including "200 million files profiling nearly every credit-active consum ...
*
Northwestern Memorial Hospital
Northwestern Memorial Hospital (NMH) is a nationally ranked academic medical center located on Northwestern University’s Chicago campus in Streeterville, Chicago, Illinois. It is the flagship campus for Northwestern Medicine and the primary ...
* Children’s Inner City Educational Fund
* The Economic Club of Chicago
*
Corning Incorporated
Corning Incorporated is an American multinational technology company that specializes in specialty glass, ceramics, and related materials and technologies including advanced optics, primarily for industrial and scientific applications. The co ...
Canning currently serves on the Boards of Trustees of:
*
Northwestern University
Northwestern University is a private research university in Evanston, Illinois. Founded in 1851, Northwestern is the oldest chartered university in Illinois and is ranked among the most prestigious academic institutions in the world.
Charte ...
*
Field Museum of Natural History
The Field Museum of Natural History (FMNH), also known as The Field Museum, is a natural history museum in Chicago, Illinois, and is one of the largest such museums in the world. The museum is popular for the size and quality of its educational ...
*
Museum of Science and Industry
Big Shoulders Fund
Canning is a member of the Public Advisory Board of the
American Joint Replacement Registry
The American Joint Replacement Registry (AJRR) is a non-profit organization established to foster the creation of a national center for data collection, and is dedicated to the improvement in arthroplasty patient care.
History
In partnership wi ...
.
Canning also serves as a commissioner of the
Irish Pension Reserve Fund, a trustee and chairman of The Chicago Community Trust as well as a director and chairman of the
Federal Reserve Bank of Chicago
The Federal Reserve Bank of Chicago (informally the Chicago Fed) is one of twelve regional Reserve Banks that, along with the Federal Reserve Board of Governors, make up the United States' central bank.
The Chicago Reserve Bank serves the Sevent ...
.
Education
Canning received his undergraduate degree from
Denison University
Denison University is a private liberal arts college in Granville, Ohio. One of the earliest colleges established in the former Northwest Territory, Denison University was founded in 1831. The college was first called the Granville Literary and ...
in 1966 and a
J.D. from
Duke University
Duke University is a private research university in Durham, North Carolina. Founded by Methodists and Quakers in the present-day city of Trinity in 1838, the school moved to Durham in 1892. In 1924, tobacco and electric power industrialist James ...
in 1969.
Awards
John Canning Jr. was inducted as a Laureate of
The Lincoln Academy of Illinois
The Lincoln Academy of Illinois is a not-for-profit, non-partisan organization dedicated to recognizing contributions made by living Illinoisans. Named for Abraham Lincoln, the Academy administers the ''Order of Lincoln'', the highest award given ...
and awarded the Order of Lincoln (the State’s highest honor) by Illinois Governor Pat Quinn in 2014 in the area of Business & Industry.
References
After the gold rush Crain's Chicago Business, December 15, 2003
External links
Madison Dearborn Partners > Principals(company website)
{{DEFAULTSORT:Canning, John Jr.
Year of birth missing (living people)
Living people
Private equity and venture capital investors
American sports businesspeople
Denison University alumni
Duke University School of Law alumni
Madison Dearborn Partners