Matterhorn Venture Partners

What Matterhorn Venture Partners does

Matterhorn Venture Partners (MVP) is a Chicago-based boutique real estate investment firm founded in April 2024 by Scott McKibben, Matt Kay, and Tina Ramos. The firm pursues a value-add industrial real estate strategy focused on small-bay industrial (5,000-32,000 SF), light industrial, distribution facilities, and infill industrial outdoor storage (IOS) assets across high-liquidity Midwest submarkets and select Sun Belt logistics hubs. As of June 2026, MVP had completed 15 acquisitions spanning eight states — Illinois, Colorado, Texas, Georgia, New Jersey, Nevada, and Wisconsin — with approximately $150 million in total deal capitalization and roughly 400,000 square feet under ownership or joint venture interest.

MVP operates primarily through programmatic joint ventures rather than a commingled fund. The firm's flagship relationship is a February 2026 joint venture with TPG Angelo Gordon U.S. Real Estate, which committed $300 million of initial equity and more than $900 million of total buying power over a four-year horizon to acquire and aggregate value-add industrial assets in the Chicago Metro Area and broader Midwest. MVP supplements this anchor relationship with a network of regional operating partners (Victory Ventures, Firestone Partners, Fox Capital Partners, Ridgecut Road, Petra, Visionary III) that provide local market sourcing, brokerage access, and execution capability in their respective metros. Capital markets execution is supported by JLL, Colliers, and Emerald Creek Capital.

The firm's revenue model combines recurring rental income from owned assets, asset management fees earned as a JV operator for institutional capital, transaction-related acquisition and disposition fees, and future incentive promote on exits. MVP targets institutional-grade exit through portfolio sales to long-term capital once value-add business plans (lease-up, rent mark-to-market, capital improvement, and repositioning) are executed. The platform is built on the founders' prior experience at Brennan Investment Group and other institutional sponsors, collectively responsible for more than $21 billion in real estate transactions across their careers.

Name

Matterhorn Venture Partners

Legal name

Matterhorn Venture Partners LLC

Website

https://matterhornvp.com

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

1–10 employees

Short description

Matterhorn Venture Partners is a Chicago-based boutique real estate investment firm that acquires and repositions value-add industrial properties across the Midwest and select U.S. markets, primarily through programmatic joint ventures with institutional capital partners such as TPG Angelo Gordon.

Ownership category

akta.pro rank

Product category

Industrial Real Estate Investment

NAICS

Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259)

SIC

Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Industry-Specialist Buyout (Sector-Focused) (FSANABAE)

Keywords

• Industrial real estate investment
• Value-add acquisitions
• Joint venture partnerships
• Commercial property leasing
• Real estate asset management

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Industrial Property Rental Income: Matterhorn generates revenue through leasing industrial properties acquired under its value-add strategy. Properties are repositioned through capital improvements and lease-up programs, with income derived from triple net (NNN) leases with tenants. Rents are marked to market upon lease rollover.
2. Property Value Appreciation: The firm realizes value through capital appreciation from acquiring properties below replacement cost, executing capital improvement programs, increasing occupancy and rental rates, and eventually exiting through sale to institutional buyers. Business plan targets include rental rate mark-to-market opportunities, vacant property lease-ups, asset repositioning, and sale-leasebacks.
3. Asset Management Fees: As a JV partner managing acquisitions and operations for institutional capital (TPG Angelo Gordon), the firm likely earns asset management and acquisition fees, though specific fee structures are not publicly disclosed.

Go-to-market motion3 records

Distribution channels3 records

Marketing channels4 records

Core offering

Matterhorn Venture Partners is a boutique real estate investment firm that acquires, repositions, and manages value-add industrial properties (small-bay industrial, distribution facilities, and infill industrial outdoor storage) across the Midwest and select U.S. markets. The firm sources off-market deals, executes capital improvements and lease-up programs, marks rents to market upon rollover, and ultimately exits to institutional buyers—delivered through programmatic joint venture structures with institutional capital partners such as TPG Angelo Gordon.

Product overview

Matterhorn Venture Partners is a boutique real estate investment firm offering a unified industrial real estate investment platform. The firm's core offering comprises value-add industrial property acquisition and aggregation services, delivered through programmatic joint venture structures (such as the $300M JV with TPG Angelo Gordon) targeting Midwest industrial assets. Additional services include the Investor Portal for client access. The company focuses on small-bay industrial, distribution, and IOS properties across Chicago, Denver, DFW, Atlanta, New Jersey, Las Vegas, and Wisconsin markets.

Differentiator

Problem solved

Functional benefit

Products and services

• Industrial Real Estate Investment Services Boutique real estate investment firm focused on value-add industrial properties across the Midwest and select U.S. markets, including small-bay industrial, distribution facilities, and infill IOS (Industrial Outdoor Storage) assets. Sourced through off-market transactions and delivered through direct acquisition, capital improvement, lease-up, rent mark-to-market, and eventual institutional exit.
• Joint Venture Investment Platform Programmatic joint venture partnerships with institutional investors such as TPG Angelo Gordon for acquiring and aggregating industrial value-add assets, with $300M initial equity commitment and over $900M total buying power. Includes asset management, acquisition execution, capital improvement oversight, and leasing services for institutional capital partners.
• Investor Portal Online portal for investors to access their investment accounts and portfolio information, powered by AppFolio. Available via the investor login page on matterhornvp.com.

Quantifiable outcome

• $150 million in total deal capitalization across 8 states and 15 acquisitions since April 2024 founding
• +3 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core and minor.

• Victory VenturescoreStrategic or Co-development Partner · 11 December 2025Dallas-based Victory Ventures partnered with MVP for DFW small-bay industrial aggregation strategy. Joint acquisitions include 21,937 SF property at 13619-13625 Neutron Road in Farmers Branch, TX and 22,500 SF property in Carrollton, TX (Valwood submarket). Both properties are fully leased with below-market rents offering upside potential.
• Firestone PartnerscoreStrategic or Co-development Partner · 5 November 2025Firestone Partners, MVP, and Fox Capital Partners formed a joint venture to acquire a 25,382 SF light-industrial property at 1717 Koppers Road in Conley, Georgia (Atlanta Airport submarket). Firestone executed a five-year NNN lease with a national trucking company and leads capital improvements. MVP Principal Matt Kay noted the partnership aligns with MVP's national strategy.
• Fox Capital PartnerscoreStrategic or Co-development Partner · 5 November 2025Fox Capital Partners joined with Firestone Partners and MVP for the Atlanta industrial acquisition, contributing to the three-party JV structure for value-add industrial investments in the Southeast.
• Ridgecut RoadminorStrategic or Co-development Partner · 1 September 2025Ridgecut Road partnered with MVP to acquire 1401 East Linden Avenue, a 1.7-acre IOS facility in Linden, NJ (near Newark Airport and Port Newark). Plans include full repositioning to Class A IOS with dock packages, lighting, fencing, roofing, and concrete repaving. Acquisition financing arranged by Colliers with Emerald Creek Capital.
• Blau & BergminorChannel Partner/ Reseller/ Distributor · 1 September 2025Blau & Berg listed the 1401 East Linden Avenue IOS property for lease following acquisition by Ridgecut Road and MVP partnership.
• PetraminorStrategic or Co-development Partner · 1 June 2025MVP and Petra acquired 100.4 acres in Kenosha, Wisconsin for mixed-use development including build-to-rent, senior living, and small bay industrial. Petra CEO Noah Swank leads development while MVP contributes capital and strategic direction.
• Visionary IIIminorStrategic or Co-development Partner · 1 March 2025MVP and Visionary III acquired 6.5 acres at N. Nellis Blvd and N. Las Vegas Blvd for North & North Business Park, a three-building speculative industrial project with lease and sale options. Construction began summer 2025 targeting small and mid-sized companies in North Las Vegas.

Scale indicators11 records

Recent moves10 records

Expansion highlights6 records

Broad incumbents

• First Industrial Realty Trust:
• EastGroup Properties: Public REIT investing in Class A small-bay industrial properties in Sun Belt and select Midwest markets. Comparable tenant profile and asset size focus to MVP's small-bay industrial portfolio.
• STAG Industrial: Public REIT focused exclusively on single-tenant and small-bay industrial properties across the U.S. Most direct public-market comparable for MVP's single-tenant net-lease and small-bay acquisition strategy.
• Crow Holdings Industrial: Large diversified real estate investment and development platform with a sizable industrial arm aggregating institutional-quality industrial product in major U.S. logistics markets. Represents institutional competition for off-market small-bay assets.

Direct peers

• Becknell Industrial: Vertically integrated industrial real estate operator investing in, developing, and managing small-bay industrial properties. Comparable focus on small-bay industrial across multiple U.S. metros.
• BKM Capital Partners: Institutional fund manager focused exclusively on value-add, multi-tenant light industrial acquisitions across the U.S. Targets small-bay industrial in supply-constrained infill submarkets — directly overlapping MVP's investment strategy.
• Dermody Properties: National industrial real estate investment and development firm focused on logistics and distribution facilities in major U.S. markets. Comparable institutional capital partnerships and value-add industrial mandate.
• Brennan Investment Group: Chicago-based industrial real estate investment firm specializing in value-add small-bay industrial acquisitions across the Midwest and select U.S. markets. Founded by MVP's prior leadership, it is the most direct strategic and operational comparable.
• Ridge Industrial: Value-add industrial real estate investment firm acquiring small-bay and light-industrial assets across the Midwest and Southeast, frequently partnering with institutional capital. Comparable strategy and geography.

Emerging players

• Panattoni Development Company: Largest privately held industrial real estate developer in the U.S., building speculative and build-to-suit industrial in the same Midwest and Sun Belt markets MVP targets. Competes for tenants, sites, and operating partners.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/matterhorn-venture-partners

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Matterhorn Venture Partners