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Co-founder of 17-year-old Madison Dearborn Partners leaves firm

23 Jun 2009

A co-founder of Madison Dearborn Partners, a Chicago-based private equity firm that raised its first fund in 1992, David Mosher, is leaving the firm at the end of the month, according to reports.

Mosher, a managing director who has been with the firm since its inception 17 years ago, has been responsible for the non-investment side of the firm, acting as the main contact for the funds’ limited partners.

Prior to setting up Madison, Mosher reportedly spent nine years at First Chicago Venture Capital where he focused on investments in the consumer sector.

Before this he held finance and marketing positions at with Teradyne Inc, a manufacturer of automatic test equipment for the electronics and telecommunications industries, and Texas Instruments Inc, a semiconductor developer.

In 2006 Madison closed its fifth fund, Madison Dearborn Capital Partners V, on $6.5bn.

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