Mr. Canning co-founded Madison Dearborn Partners, LLC (“MDP”) in 1992 and served as its Chief Executive Officer until becoming its Chairman in 2007. MDP has raised investment funds with more than $22 billion in limited partner commitments from over 400 endowments, pension funds and other sophisticated investors. MDP is one of the most experienced and successful private equity investment firms in the United States with 43 investment professionals.
Prior to co-founding MDP, Mr. Canning spent 24 years with First Chicago Corporation, most recently as Executive Vice President of The First National Bank of Chicago and President of First Chicago Venture Capital.
Mr. Canning has more than 35 years of experience in private equity investing and currently serves on the Boards of Directors of Corning Incorporated and Milwaukee Brewers Baseball Club; and is a Life Trustee of Northwestern University. Mr. Canning is Co-Chairman of the Big Shoulders Fund, a Director and Chairman of Northwestern Memorial Hospital, a Trustee and Former Chairman of the Museum of Science and Industry, former Director and Chairman of The Economic Club of Chicago, former Chairman of The Chicago Community Trust, a Trustee and former Chairman of The Field Museum, and former Director and Chairman of the Federal Reserve Bank of Chicago.