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Matterhorn Venture Partners Forms $900M Industrial JV with TPG Angelo Gordon
Matterhorn Venture Partners has announced the formation of a new joint venture with TPG Angelo Gordon U.S. Real Estate. The partnership will focus on acquiring and aggregating a portfolio of industrial value-add assets across the Chicago area and Midwest markets over the next four years.
The newly formed joint venture is backed by an initial equity commitment of $300 million, providing total purchasing power exceeding $900 million. The collaboration has already made notable progress, recently acquiring two vacant industrial properties in suburban Chicago for approximately $30 million.
The acquired properties include:
– A 184,902-square-foot industrial distribution building located at 2440 Pratt Avenue in Elk Grove Village.
– A 47,175-square-foot light industrial facility at 1000 N. Main Street in Lombard.
“We’re proud to acquire two quality assets from an institutional owner and look forward to swiftly executing lease-up business plans at these well-located assets,” said Scott McKibben, Chief Executive Officer of Matterhorn Venture Partners.
Industry professionals can hear more from top industrial leaders, including Carter Andrus, Chief Operating Officer of Prologis, during the keynote interview at Connect Industrial Midwest. The event will be held Tuesday afternoon, March 10, 2026, at Joe’s Live in Rosemont, Illinois.
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