John A. Canning Jr. is a private equity investor and sports executive. He is the founder and chairman of Madison Dearborn Partners, the large Chicago-based private equity firm.
Career Canning was an early investor in private equity in the late 1970s and early 1980s. Canning founded Madison Dearborn Partners 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 investments for First Chicago Corporation. COMPANY NEWS; Fund Venture Begun in Chicago (New York Times, 1992) 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. Reuters, Aug 1, 2008 TransUnion Northwestern Memorial Hospital Children’s Inner City Educational Fund The Economic Club of Chicago Corning IncorporatedCorning Incorporated Board of Directors . Corning Inc., Mar 13, 2013
Canning currently serves on the Boards of Trustees of: Northwestern University 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.
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.
Previously, he served on the Board of Trustees at the Mary and Leigh Block Museum of Art in 2013.
Education Canning received his undergraduate degree from Denison University in 1966 and a J.D. from Duke University in 1969.Forbes.com
Awards John Canning Jr. was inducted as a Laureate of The Lincoln Academy of Illinois 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)