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

Managing Principal & Founder

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

Sten Anderson


Sten grew up in Bozeman, Montana, and continues to reside there after a number of years spent on the West Coast. Sten is an outdoorsman who enjoys distance running, hunting, snowboarding, climbing, mountaineering, fishing and most all other outdoor pursuits.

Sten joined the firm in 2012. Prior to that, Sten worked at Freestone Capital Management, a wealth management firm in Seattle, and at KPMG, a “Big Four” audit and accounting firm 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.

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 and writing. He is in the midst of writing a screenplay, after having written two books (One Good Horse and The Secret Life of Cowboys) and contributed to numerous periodicals including Big Sky Journal, Montana Quarterly, Men’s Journal, Esquire, Men’s Health and Sports Afield.

Tom joined the firm in 2020. Prior to that, Tom was the Livestock Operations Manager for Montana State University. Tom previously oversaw several ranches and several livestock operations for 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.