Who We Are


We left corporate careers on the coasts to return to our roots in the mountains of the West. Today, we pursue our shared passions for the people and places of the Greater Yellowstone Ecosystem and beyond. Our goal is to use lessons we learned from both Wall Street and rural ranches, to create innovative solutions for our partners that positively impact the land and its wild inhabitants.

Robert Keith

Founder and Managing Principal 

Some of Robert’s earliest and fondest memories are on his family’s ranch near Cody, Wyoming. Robert now lives in Bozeman, Montana with his wife and children, where he enjoys fishing, hiking, skiing, riding, rafting, hunting, camping, climbing, birding, and virtually everything else outdoors. 

Robert co-founded Beartooth Capital Partners (the firm’s investment business) in 2004 before assuming sole leadership and ownership in 2014. From there, he expanded the company’s scope of operations and renamed the firm Beartooth Group. Today, Robert is responsible for the firm’s allocation of human and investment capital. 

Previously, Robert 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. 

Carrie Faulhaber 

Financial Operations 

Carrie was raised by farm kids who decided to run a restaurant in Billings, Montana but spent many happy summers out on the ranches of her grandparents, aunts, and uncles. Bozeman is home now, where she enjoys spending time in the mountains, on lakes, in rivers, and out in wide-open spaces with her husband and children.  

Carrie is responsible for the firm’s financial planning, reporting, and accounting. Prior to Beartooth, Carrie was the Controller for the Montana State University Alumni Foundation and an Audit Manager at KPMG, LLP in Seattle, Washington. She is a Certified Public Accountant licensed in the state of Montana. Carrie attended Montana State University and graduated with her BS in Business-Accounting and Master of Professional Accountancy.  

Tom Groneberg

Ranch Manager

Tom grew up outside of Chicago, Illinois before following his muse to the mountains. Tom currently lives in Bozeman, Montana, where he enjoys time with his family, recreating outdoors, reading, and writing.  

Tom is responsible for the firm’s portfolio of ranches, managing people and projects across all the properties. Prior to Beartooth, Tom was the Livestock Operations Manager for Montana State University, and oversaw livestock and ranching operations for several different private ranch owners. Tom earned a Masters of Agricultural Science with a specialty in Integrated Resource Management from Colorado State University. Tom received his BA in English and Rhetoric from the University of Illinois. 

Ben Alexander

Conservation Transactions

Ben grew up in Bozeman, Montana, and continues to reside there. He enjoys Nordic skiing, mountain biking, hiking, and exploring the wide-open spaces of the West with his family.  

Ben is responsible for working with landowners, the conservation community, and others to create tailored solutions to meet their needs. He is also active in developing new business strategies for Beartooth.  

Prior to Beartooth, Ben served in senior positions at the Resources Legacy Fund, LOR Foundation, Headwaters Economics, and Sonoran Institute. Ben holds a BA from Tufts University and an MA and Master of Philosophy from Yale University.