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Madison Dearborn Partners

SEC-registered adviser since 2012Chicago, ILCRD 157349

$20.7B
AUM
57
Clients
See fees
Fee
53
Advisory staff

From Form ADV filed 31 March 2026 · data retrieved 15 October 2026SEC record

Madison Dearborn Partners is an investment adviser headquartered in Chicago, Illinois, and registered with the SEC since 2012. Its clients include pooled investment vehicles.

Its services include portfolio management for pooled vehicles. Fee arrangements include a percentage of assets under management, performance-based fees and other arrangements.

Clients

Madison Dearborn Partners serves 57 clients. The average client has about $364 million with the firm.

Regulatory assets by client type
  • Pooled investment vehicles57 clients100%
Show client breakdown
Pooled investment vehicles
Clients
57
Regulatory AUM
$20,740,486,760
Share
100.0%
Avg. per client
$363.9M

Total

Clients
57
Regulatory AUM
$20,740,486,760
Share
100%
Avg. per client
$363.9M

What it does

Madison Dearborn Partners provides portfolio management for pooled vehicles and other activities. It is paid through a percentage of assets, performance-based fees and other arrangements.

Madison Dearborn Partners provided financial planning to 0 clients last fiscal year and advises 57 private funds.

100.0% of assets ($20.74B across 57 accounts) are managed with discretion. 13% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.

Custodians

Madison Dearborn Partners has custody of client assets.

Managed account assets by custodian
  • All other custodians$20.74B100%

Ownership and leadership

Who owns the firm
Madison Dearborn Partners, LLC· the adviser

  • Paul Finnegan

    Control person · since May 2023

    Owns 5% to 10% of Madison Dearborn Partners, LLC

  • Annie Terry

    Control person · since October 2024

    Owns 5% to 10% of Madison Dearborn Partners, LLC

  • Karla Bullard

    Control person · since November 2018

    Owns 5% to 10% of Madison Dearborn Partners, LLC

  • Vahe Dombalagian

    Control person · since October 2024

    Owns 5% to 10% of Madison Dearborn Partners, LLC

  • Elizabeth Betten

    Control person · since October 2024

    Owns 5% to 10% of Madison Dearborn Partners, LLC

  • Matthew Norton

    Control person · since October 2024

    Owns 5% to 10% of Madison Dearborn Partners, LLC

  • Matthew Raino

    Control person · since October 2024

    Owns 5% to 10% of Madison Dearborn Partners, LLC

  • Timothy Shideler

    Control person · since October 2024

    Owns 5% to 10% of Madison Dearborn Partners, LLC

  • Joshua Damon

    Control person · since January 2019

    Owns 5% to 10% of Madison Dearborn Partners, LLC

  • Brendan Barrett

    Control person · since January 2023

    Owns 5% to 10% of Madison Dearborn Partners, LLC

  • Todd Novak

    Control person · since July 2023

    Owns 5% to 10% of Madison Dearborn Partners, LLC

  • Matthew Denison

    Control person · since January 2025

    Owns 5% to 10% of Madison Dearborn Partners, LLC

  • Brandon Levitan

    Control person · since January 2025

    Owns 5% to 10% of Madison Dearborn Partners, LLC

  • Alexander Fisher

    Control person · since January 2025

    Owns 5% to 10% of Madison Dearborn Partners, LLC

  • Joseph Scott

    Control person · since January 2026

    Owns 5% to 10% of Madison Dearborn Partners, LLC

Leadership

  • Karla Bullard
    Managing Director and Chief Financial Officer
  • katherine bryan
    Associate General Counsel and Chief Compliance Officer
  • Brendan Barrett
    Managing Director
  • Elizabeth Betten
    Partner
  • Joshua Damon
    Managing Director
  • Matthew Denison
    Managing Director
  • Michael Dolce
    Partner
  • Vahe Dombalagian
    Managing Partner
  • Alexander Fisher
    Managing Director
  • John Knutsen
    Partner
  • Brandon Levitan
    Managing Director
  • Matthew Norton
    Partner
  • Todd Novak
    Managing Director
  • Matthew Raino
    Partner
  • Joseph Scott
    Managing Director
  • Timothy Shideler
    Partner
  • Annie Terry
    Partner and General Counsel
  • Vanessa Ward
    Managing Director and Chief Human Resources Officer
  • Paul Finnegan
    Chairman

Staff

  • 73 employees
  • 53 in advisory functions

Fees

Madison Dearborn Partners is paid through a percentage of assets under management, performance-based fees and other.

Madison Dearborn Partners’ fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, Madison Dearborn Partners has 0 offices, with 1 listed address in 1 state.

Listed office addresses by state

Illinois · 1 listed address

  • 70 West Madison ST., Suite 4600, ChicagoHQ

Other business names

Madison Dearborn Partners has reported 1 other business name to the SEC.

  • MDP

Registration details

Legal name
Madison Dearborn Partners, LLC
Headquarters
70 West Madison ST., Suite 4600, Chicago, IL 60602
Phone
312-895-1000
Website
Not reported
SEC file
801-74015
Structure
Delaware LLC
Fiscal year end
December

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does Madison Dearborn Partners have?

Madison Dearborn Partners has 57 clients and manages $20.7 billion for them, as of March 2026.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026

What services does Madison Dearborn Partners offer?

Madison Dearborn Partners provides portfolio management for pooled vehicles and other activities.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

How many financial advisors does Madison Dearborn Partners have?

Madison Dearborn Partners has 0 investment adviser representatives registered with state securities authorities, out of 73 employees, and 53 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.

Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file

Who owns Madison Dearborn Partners?

Madison Dearborn Partners’ direct owners are Paul Finnegan, Annie Terry, Karla Bullard, Vahe Dombalagian, Elizabeth Betten, Matthew Norton, Matthew Raino, Timothy Shideler, Joshua Damon, Brendan Barrett, Todd Novak, Matthew Denison, Brandon Levitan, Alexander Fisher and Joseph Scott, each holding 10% or less.

Source: Form ADV Part 1A, Schedules A and B, filed 31 March 2026

How does Madison Dearborn Partners get paid?

Madison Dearborn Partners is paid through a percentage of assets under management, performance-based fees and other arrangements. Its Form ADV lists no commissions among how it is paid.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file

Sources

  1. Form ADV Part 1A, amendment filed 31 March 2026. Items 1, 5, 9, 11 and Schedules A, B and D.
  2. IAPD firm record, CRD 157349.

Retrieved 15 October 2026. All are published by the SEC and may have been amended since.

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This profile is compiled from public regulatory filings and is provided for informational purposes only. Niva Wealth is not affiliated with Madison Dearborn Partners, LLC and makes no representation about the quality of its services. Figures reflect the filing dates shown and may have changed. Ownership percentages are the bands reported to the SEC, not exact figures.