Madison Dearborn Partners Seeks $3 Billion for New Fund

Madison Dearborn Partners is in the process of raising $3 billion for its latest investment fund, Madison Dearborn Capital Partners IX LP. This fund is notable as it would be the smallest amount raised by the firm since 1999. Discussions with prospective investors about this ninth fund have already begun. Previously, the firm has raised five other funds, each totaling over $4 billion. This move signals a shift for the private equity firm as it navigates current market conditions and investor appetite.