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 typ ...

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; b ...

, the large Chicago-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 lev ...

Career

Canning was an early investor in

in the late 1970s and early 1980s. Canning founded

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

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 *

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 primar ...

* 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 c ...

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. Chart ...

* Field Museum of Natural History * 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 a ...

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 Jame ...

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