Beartooth Group

Connecting People with the American West

Our Mission

To connect people with the American West for the long-term benefit of communities, plants and wildlife.

We make this connection through: (1) a series of impact-oriented, western property real estate investment funds and separate account investment vehicles; (2) the representation of discriminating, ecologically-driven ranch buyers in ranch acquisition and ranch brokerage transactions; (3) the management of complex, large habitat restoration projects.

Click to learn more about Beartooth’s work and mission

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What We Do

Little Wood Valley
Investments (Beartooth Capital)

We place our own capital alongside investors’ capital in ecologically important but distressed Western properties. We restore, steward and plan for the protection of these properties – in the process making them more valuable financially and environmentally - before reselling them.-------------------------------

Phesant hunting

We represent select conservation-oriented ranch buyers, handling rigorous property searches, negotiations, due diligence, valuation analyses and more. As investors in and owners of conservation properties, we bring a unique perspective and set of opportunities and experiences to ranch acquisitions.-------------------------------------------------

Excavator working in creek
Project Management

We are a single point of contact for the planning, implementing, and overseeing of large restoration projects. For a combined nearly twenty years, we have managed tens of millions of dollars on creek restoration, river restoration, pond & wetland restorations, organic & sustainable agricultural conversions, structure removal & remediation, mine reclamation and more.

Current Projects

Value Creation

We Improve the Environment to Create Financial Value

The Team

Robert Keith

Managing Principal & Founder

Robert manages the firm’s investment, brokerage and project management processes. He co-founded Beartooth Capital Partners (the firm’s investment business) in 2004 before assuming sole leadership and ownership in 2014. He previously worked at a conservation-oriented agriculture investment firm, Greenbridges LLC, in California; a Silicon Valley venture capital and private equity firm, Trident Capital; and a Wall Street investment bank, Morgan Stanley. Robert earned a BA in Economics from Yale University and an MBA from the Graduate School of Business at Stanford University. Originally from Minneapolis, Minnesota and Cody, Wyoming, Robert enjoys fishing, hiking, riding, rafting, hunting, camping, climbing, birding and virtually anything else outdoors.

Sten Anderson


Sten manages the firm’s internal operations and is deeply involved in all aspects of the business. Prior to joining Beartooth Capital in 2012, Sten worked at Freestone Capital Management, a wealth management firm in Seattle, and at KPMG, also in Seattle. Sten earned his Master’s in Professional Accountancy from Montana State University and his BA in Business Administration from The Master’s College. He is also a Certified Public Accountant and Chartered Global Management Accountant. Originally from Bozeman, Montana - Sten is an outdoorsman who enjoys distance running, hunting, snowboarding, climbing, mountaineering, fishing and most all other outdoor pursuits. ------------------------------------------------------------------

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