- John Canning, Jr.
Infobox Person
name = John A. Canning, Jr.
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known_for = Founder ofMadison Dearborn Partners , Co-owner ofMilwaukee Brewers , Potential buyer ofChicago Cubs
employer =Madison Dearborn Partners
occupation = Private equity investor
education =Denison University ,Duke University
nationality = USAJohn A. Canning, Jr. is a
private equity investor and sports executive. He is the founder and chairman ofMadison Dearborn Partners , the largeChicago -based private equity firm. He has recently been linked to discussions around the potential sale of theChicago Cubs .Career
Canning was an early investor in
private equity in the late 1970s and early 1980s. Canning foundedMadison 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 madeprivate equity investments forFirst Chicago Bank . [ [http://query.nytimes.com/gst/fullpage.html?res=9E0CE5D8103CF934A35752C0A964958260 COMPANY NEWS; Fund Venture Begun in Chicago] (New York Times, 1992)] Canning joined First Chicago in 1968 and spent 24 years with the bank serving as Executive Vice President of The First National Bank of Chicago and later as President of First Chicago Venture Capital, the predecessor of Madison Dearborn.Chicago Cubs
John Canning has been repeatedly linked to the proposed sale of the
Chicago Cubs bySam Zell andTribune Co. [ [http://www.thedeal.com/dealscape/2007/09/is_john_canning_jr_the_next_jo.php Is John Canning Jr. the next John Henry?] (TheDeal.com, 2007)] [ [http://www.jsonline.com/story/index.aspx?id=532472&format=print Brewers stakeholder in the fan business] (Milwaukee Journal Sentinel)] On August 26, 2008, Canning was named as the leader among the five remaining bidders for the Cubs. [ [http://sports.espn.go.com/mlb/news/story?id=3554581 Number of bidders on Cubs franchise trimmed to five] . Associated Press, August 26, 2008]Board Memberships
Canning currently serves on the Boards of Directors of
* Milwaukee Brewers Baseball Club (Canning is a minority owner)
* Exelon Corporation [ [http://www.reuters.com/article/pressRelease/idUS144753+01-Aug-2008+BW20080801 Exelon Appoints John A. Canning Jr. to Board of Directors] . Reuters, Aug 1, 2008 ]
*TransUnion
*Northwestern Memorial Hospital
* Children’s Inner City Educational Fund
* The Economic Club of ChicagoCanning currently serves on the Boards of Trustees of:
*Northwestern University
*Field Museum of Natural History
*Museum of Science and Industry
* Big Shoulders FundCanning 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 [ [http://www.chicagofed.org/news_room/news/2004_02_02_john_canning_jr_appointed_to_chicago_fed_board.cfm John A. Canning, Jr. Appointed to Chicago Fed Board] ] .Education
Canning received his undergraduate degree from
Denison University and aJ.D. fromDuke University .References
* [http://goliath.ecnext.com/coms2/gi_0199-1218029/After-the-gold-rush-Madison.html After the gold rush] . Crain's Chicago Business, December 15, 2003
External links
* [http://www.mdcp.com/principals.asp Madison Dearborn Partners > Principals] (company website)
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