# Madison Dearborn Partners: portfolio, investments and team > Madison Dearborn Partners is a private equity based in United States. 12 investments on record, latest May 2015. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/madison-dearborn-partners-llc (Millionrounds; every figure on the page links to its filing or article) United States · [Investor](https://millionrounds.com/investors) # Madison Dearborn Partners Filed with the SEC to raise a fund in Sep 2026, closing $1,604M. Last cheque observed May 2015. Email Private equity Quiet New fund $1.6B, Sept 2026 Buyout Growth Financial Services Healthcare Technology Follow Madison Dearborn Partners and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fmadison-dearborn-partners-llc) Cheques on record **0%** of best year **0** **cheques in 12 months**, 12 on record Since the last cheque **4182** days **00** hrs **00** min **00** sec Median round **$73M** Rounds led **0 of 12** Sole investor **3 rounds** Exits **6 from the portfolio** Mostly in **United States, 73%** Pitch Madison Dearborn Partners ## Madison Dearborn Partners highlights - 01 12 rounds on record - 02 Mostly Venture and Growth: 67% of its rounds - 03 Sole investor in 3 rounds, median $100M - 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:** Buyout Growth - **Sectors:** Financial Services Healthcare Technology - **Based in:** Chicago, United States - **Cold pitches:** Not accepted ## The record Every round we can evidence, newest first **12 appearances** - **2015** 2 rounds - **May** **[Liquid Web](https://millionrounds.com/company/liquid-web)** US **Undisclosed** Sole investor - **Mar** **[QuickPlay Media](https://millionrounds.com/company/quickplay-media)** Growth · CA **$46M** With 2 others - **2014** 1 round - **Sept** **[Complete Innovations](https://millionrounds.com/company/complete-innovations)** CA **Undisclosed** Sole investor - **2012** 1 round - **Jul** **[QuickPlay Media](https://millionrounds.com/company/quickplay-media)** Growth · CA · techcrunch.com **$100M** Sole investor - **2009** 1 round - **Aug** **[NextG Networks](https://millionrounds.com/company/nextg-networks)** Venture · US · sec.gov **$360M** With 3 others - **2005** 1 round - **Oct** **[MetroPCS Communications](https://millionrounds.com/company/metropcs-communications)** Series E · US **$739M** With 1 other - **2001** 2 rounds - **Jun** **[Storability](https://millionrounds.com/company/storability)** Series B · US **$30M** With 5 others - **Jun** **[Infolibria](https://millionrounds.com/company/infolibria)** Venture · US **$41M** With 10 others - **2000** 4 rounds - **Nov** **[Autodaq](https://millionrounds.com/company/autodaq)** Venture · US **$33M** With 3 others - **Jun** **[NewWorld Communications](https://millionrounds.com/company/newworld-communications)** Venture **$150M** With 10 others - **Apr** **[PayPal](https://millionrounds.com/company/paypal)** Series C · US · paypalobjects.com **$100M** With 13 others - **Feb** **[iExplore](https://millionrounds.com/company/iexplore)** US **$13M** With 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 registration **24 named** AF **Alex Fisher** Executive Officer, Promoter i Filing they signed AS **Annie Sze-Yao Terry** Managing Director, General Counsel and Chief Compliance Officer i Form ADV BD **Benjamin D. Chereskin** Promoter i Filing they signed BL **Brandon Levitan** Executive Officer, Promoter i Filing they signed BT **Brendan Thomas Barrett** Executive Officer, Promoter i Filing they signed CJ **Christopher J. Mcgowan** Executive Officer, Promoter i Filing they signed CM **Christopher M. Trendler** Executive Officer, Promoter i Filing they signed DE **David E. Pequet** Executive Officer, Promoter i Filing they signed DF **David F. Mosher** Promoter i Filing they signed DB **Douglas B. Grissom** Executive Officer, Promoter i Filing they signed EQ **Elizabeth Quadros Betten** Executive Officer, Promoter i Filing they signed GA **George A. Peinado** Executive Officer, Promoter i Filing they signed JN **James N. Perry** Executive Officer, Promoter i Filing they signed JN **James N. Perry, Jr.** Executive Officer, Promoter i Filing they signed JT **Jason T. Shideler** Executive Officer, Promoter i Filing they signed JP **Jay Pauley** Managing Director i Form ADV JA **John A. Canning** Executive Officer, Promoter i Filing they signed JA **John A. Canning, Jr.** Executive Officer, Promoter i Filing they signed JE **John Eric Knutsen** Executive Officer, Promoter i Filing they signed JM **Joshua Michael Damon** Executive Officer, Promoter i Filing they signed KJ **Karla Jean Bullard** Managing Director and Chief Financial Officer i Form ADV KB **Katherine Bryan** Executive Officer, Promoter i Filing they signed MB **Mark B. Tresnowski** Executive Officer, Promoter i Filing they signed MW **Matthew W. Norton** Executive Officer, Promoter i Filing 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 **$21B** assets it manages Oct 2026 **Registered** investment adviser full 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 - MDCP Insurance SPV, L.P. *Private equity* 204 investors $3.1B - Patriot SPV, L.P. *Private equity* 190 investors $2.8B - Madison Dearborn Capital Partners VIII-A, L.P. *Private equity* 201 investors $2.7B - Madison Dearborn Capital Partners VII-A L.P. *Private equity* 219 investors $2.1B - Madison Dearborn Capital Partners VIII-C, L.P. *Private equity* 114 investors $1.8B - Madison Dearborn Capital Partners VII-C L.P. *Private equity* 58 investors $1.2B - MDCP VII Auxiliary SPV, L.P. *Private equity* 104 investors $837M - Madison Dearborn Capital Partners VIII-B, L.P. *Private equity* 201 investors $800M - MDCP Co-Investors (Tango), L.P. *Private equity* 31 investors $759M - Madison Dearborn Capital Partners VII-B L.P. *Private equity* 219 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. - [**Washington State Investment Board** 5 funds *$985M*](https://millionrounds.com/fund/washington-state-investment-board) Fund Vintage Committed Madison Dearborn Capital Partners VIII 2020 $250M Madison Dearborn Capital Partners VI 2008 $150M Madison Dearborn Capital Partners V 2006 $175M Madison Dearborn Capital Partners IV 2000 $300M Madison Dearborn Capital Partners III 1999 $110M - [**Minnesota State Board of Investments** 2 funds *$200M*](https://millionrounds.com/fund/minnesota-state-board-of-investments) Fund Vintage Committed Madison Dearborn Capital Partners VIII-A 2019 $100M Madison Dearborn Capital Partners VII 2015 $100M - [**California State Teachers Retirement System** 1 fund *$200M*](https://millionrounds.com/fund/california-state-teachers-retirement-system) Fund Vintage Committed Madison Dearborn Capital VII-A/B 2015 $200M ## 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 listed **6 in all** **[MetroPCS Communications](https://millionrounds.com/company/metropcs-communications)** Bought by T-Mobile **$1.5B** May 2013 **[NextG Networks](https://millionrounds.com/company/nextg-networks)** Bought by [Crown Castle](https://millionrounds.com/fund/crown-castle) **$1.0B** Apr 2012 **[iExplore](https://millionrounds.com/company/iexplore)** Bought by First Choice Holidays **$33M** Feb 2007 **[Infolibria](https://millionrounds.com/company/infolibria)** Bought by Certeon **Undisclosed** Jan 2003 **[NewWorld Communications](https://millionrounds.com/company/newworld-communications)** Bought by [Nextel Communications](https://millionrounds.com/fund/nextel-communications) **$276M** Jan 2003 **[PayPal](https://millionrounds.com/company/paypal)** Bought by [eBay](https://millionrounds.com/fund/ebay) **$1.5B** Jul 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** **$715M** Jul 2015 **Walgreens Infusion Services** **Undisclosed** Jan 2015 **Pierre Foods** **Undisclosed** Jul 2004 **Cinemark USA** **$1.5B** Mar 2004 **Great Lakes Dredge & Dock Corporation** **$340M** Nov 2003 New fund on file **$1.6B** raised in Sept 2026 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Buyout Growth Median round joined **$73M** the round, not its cheque Alone, median **$100M** Led 0 of 12 rounds **0%** - **Sole investor:** 3 rounds - **Last cheque:** May 2015 - **Exits:** 6 from the portfolio Rounds by stage said on their site - Venture *4* - Growth said *2* - Series B *1* - Series C *1* - Series E *1* - Buyout said *-* Cheques by year Led Joined 2000 2015 Often in the room with - [Goldman Sachs](https://millionrounds.com/fund/goldman-sachs) 2 **Pitching Madison Dearborn Partners?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## 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. [**Goldman Sachs** Private equity **2** rounds together](https://millionrounds.com/fund/goldman-sachs) ## Mentioned on podcasts Episodes that name Madison Dearborn Partners in their description, not their title. - [Growth Investor](https://millionrounds.com/podcasts/growth-investor) 19 Aug 2026 · 1h 2m AI Optimized (for Growth Investors): 2026 Jackson Hole Forum Mentions [Madison Dearborn Partners](https://millionrounds.com/fund/madison-dearborn-partners-llc)[TA Associates](https://millionrounds.com/fund/ta-associates)[Alex Fisher](https://millionrounds.com/person/alex-fisher) Apple PodcastsShow page - [Growth Investor](https://millionrounds.com/podcasts/growth-investor) 4 Dec 2024 · 21 min Top Woman Growth Investor & Leader: Madison Dearborn’s Elizabeth Betten With [Elizabeth Betten](https://millionrounds.com/person/elizabeth-betten) Mentions [Madison Dearborn Partners](https://millionrounds.com/fund/madison-dearborn-partners-llc) Apple PodcastsShow page - [The Twenty Minute VC](https://millionrounds.com/podcasts/20vc) 31 Aug 2015 · 29 min 20 VC 067: Scaling Startups Into Unicorns with Atomico's Mattias Ljungman and Carolina Brochado With [Mattias Ljungman](https://millionrounds.com/person/mattias-ljungman) Mentions [Atomico](https://millionrounds.com/fund/atomico)[Madison Dearborn Partners](https://millionrounds.com/fund/madison-dearborn-partners-llc)[Merrill Lynch](https://millionrounds.com/fund/merrill-lynch) *+1* Apple PodcastsShow page ## 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. ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=madison-dearborn-partners-llc) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=madison-dearborn-partners-llc)