United States · Investor

Madison Dearborn Partners

Filed with the SEC to raise a fund in Sep 2026, closing $1,604M. Last cheque observed May 2015.

Private equityQuietNew fund $1.6B, Sept 2026

BuyoutGrowthFinancial ServicesHealthcareTechnology

Cheques on record
0%of best year0cheques in 12 months, 12 on record
Since the last cheque4182days00hrs00min00sec
Median round$73MRounds led0 of 12Sole investor3 roundsExits6 from the portfolioMostly inUnited States, 73%
Pitch Madison Dearborn Partners

Madison Dearborn Partners highlights

  1. 01

    12 rounds on record

  2. 02

    Mostly Venture and Growth: 67% of its rounds

  3. 03

    Sole investor in 3 rounds, median $100M

  4. 04

    6 exits from the portfolio

What they do

MDP is a leading private equity investment firm based in Chicago that, since its formation in 1992, has raised aggregate capital of approximately $36 billion and has completed over 160 investments.From their own website
Type
Private equity
Cheque size
Not stated
Stages
BuyoutGrowth
Sectors
Financial ServicesHealthcareTechnology
Based in
Chicago, United States
Cold pitches
Not accepted

The record

Every round we can evidence, newest first12 appearances

  1. 2015

    2 rounds

  2. May
    Liquid WebUSUndisclosedSole investor
  3. Mar
    QuickPlay MediaGrowth · CA$46MWith 2 others
  4. 2014

    1 round

  5. Sept
    Complete InnovationsCAUndisclosedSole investor
  6. 2012

    1 round

  7. Jul
    QuickPlay MediaGrowth · CA · techcrunch.com$100MSole investor
  8. 2009

    1 round

  9. Aug
    NextG NetworksVenture · US · sec.gov$360MWith 3 others
  10. 2005

    1 round

  11. Oct
    MetroPCS CommunicationsSeries E · US$739MWith 1 other
  12. 2001

    2 rounds

  13. Jun
    StorabilitySeries B · US$30MWith 5 others
  14. Jun
    InfolibriaVenture · US$41MWith 10 others
  15. 2000

    4 rounds

  16. Nov
    AutodaqVenture · US$33MWith 3 others
  17. Jun
    NewWorld CommunicationsVenture$150MWith 10 others
  18. Apr
    PayPalSeries C · US · paypalobjects.com$100MWith 13 others
  19. Feb
    iExploreUS$13MWith 2 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

The team

Named by the firm itself, on a filing, its Form ADV or its company registration24 named

AFAlex FisherExecutive Officer, PromoteriFiling they signed
ASAnnie Sze-Yao TerryManaging Director, General Counsel and Chief Compliance OfficeriForm ADV
BDBenjamin D. ChereskinPromoteriFiling they signed
BLBrandon LevitanExecutive Officer, PromoteriFiling they signed
BTBrendan Thomas BarrettExecutive Officer, PromoteriFiling they signed
CJChristopher J. McgowanExecutive Officer, PromoteriFiling they signed
CMChristopher M. TrendlerExecutive Officer, PromoteriFiling they signed
DEDavid E. PequetExecutive Officer, PromoteriFiling they signed
DFDavid F. MosherPromoteriFiling they signed
DBDouglas B. GrissomExecutive Officer, PromoteriFiling they signed
EQElizabeth Quadros BettenExecutive Officer, PromoteriFiling they signed
GAGeorge A. PeinadoExecutive Officer, PromoteriFiling they signed
JNJames N. PerryExecutive Officer, PromoteriFiling they signed
JNJames N. Perry, Jr.Executive Officer, PromoteriFiling they signed
JTJason T. ShidelerExecutive Officer, PromoteriFiling they signed
JPJay PauleyManaging DirectoriForm ADV
JAJohn A. CanningExecutive Officer, PromoteriFiling they signed
JAJohn A. Canning, Jr.Executive Officer, PromoteriFiling they signed
JEJohn Eric KnutsenExecutive Officer, PromoteriFiling they signed
JMJoshua Michael DamonExecutive Officer, PromoteriFiling they signed
KJKarla Jean BullardManaging Director and Chief Financial OfficeriForm ADV
KBKatherine BryanExecutive Officer, PromoteriFiling they signed
MBMark B. TresnowskiExecutive Officer, PromoteriFiling they signed
MWMatthew W. NortonExecutive Officer, PromoteriFiling they signed

We also hold 74 people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

What the register says

From the firm's own filings with the SEC, which it must file accurately by law

$21Bassets it managesOct 2026
Registeredinvestment adviserfull reporting to the SEC
Legal name
Madison Dearborn Partners, LLC
SEC number
CRD 157349

Funds on its Form ADV

42 private funds, $19B in gross assets · filed Mar 2024

  1. MDCP Insurance SPV, L.P.Private equity204 investors$3.1B
  2. Patriot SPV, L.P.Private equity190 investors$2.8B
  3. Madison Dearborn Capital Partners VIII-A, L.P.Private equity201 investors$2.7B
  4. Madison Dearborn Capital Partners VII-A L.P.Private equity219 investors$2.1B
  5. Madison Dearborn Capital Partners VIII-C, L.P.Private equity114 investors$1.8B
  6. Madison Dearborn Capital Partners VII-C L.P.Private equity58 investors$1.2B
  7. MDCP VII Auxiliary SPV, L.P.Private equity104 investors$837M
  8. Madison Dearborn Capital Partners VIII-B, L.P.Private equity201 investors$800M
  9. MDCP Co-Investors (Tango), L.P.Private equity31 investors$759M
  10. Madison Dearborn Capital Partners VII-B L.P.Private equity219 investors$704M

And 32 more on the filing.

Who backs their funds

3 LPs on record in Madison Dearborn Partners's funds

Committed
$1.4B
Funds
8
Vintages
1999 to 2020

The institutions that put money into its funds, which the firm then invests in companies.Source: the pension's own report, latest Jun 2026.

What they claim to have backed

From their own portfolio page (on their website)

0 of 1 we have independently watched raise

a FINE

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

Exits from the portfolio

Companies it backed that were later bought or listed6 in all

MetroPCS CommunicationsBought by T-Mobile$1.5BMay 2013
NextG NetworksBought by Crown Castle$1.0BApr 2012
iExploreBought by First Choice Holidays$33MFeb 2007
InfolibriaBought by CerteonUndisclosedJan 2003
PayPalBought by eBay$1.5BJul 2002

An exit counts when it came after the firm's first round in the company. From historical deal records.

Companies it bought

Acquisitions by the firm itself

Patterson Medical$715MJul 2015
Walgreens Infusion ServicesUndisclosedJan 2015
Pierre FoodsUndisclosedJul 2004
Cinemark USA$1.5BMar 2004
Great Lakes Dredge & Dock Corporation$340MNov 2003

Who they invest alongside

The investors most often in the same rounds as Madison Dearborn Partners. A count of rooms they were both in, not a relationship either has claimed.

Mentioned on podcasts

Episodes that name Madison Dearborn Partners in their description, not their title.

Quick answers about Madison Dearborn Partners

What does Madison Dearborn Partners invest in?

Madison Dearborn Partners invests most often at Venture and Growth (67% of the rounds on record), in sectors such as Financial Services, Healthcare and Technology.

How active is Madison Dearborn Partners?

12 investments on record, 0 of them in the last 12 months. The most recent was in May 2015.

How big are Madison Dearborn Partners's cheques?

The median round it joins is $73M.

Does Madison Dearborn Partners lead rounds?

Rarely, if at all: none of its 12 investments on record names it as the lead.

Where does Madison Dearborn Partners invest?

Most of the companies it backs are in the United States (73%) and Canada (27%).

Is Madison Dearborn Partners investing now?

No investments in the last 12 months; the latest was in May 2015.

Who does Madison Dearborn Partners invest alongside?

Most often Goldman Sachs (2 rounds together).

What kind of investor is Madison Dearborn Partners?

Madison Dearborn Partners is a private equity firm based in Chicago, United States.

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Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it