Beartooth Group

Impact Investment Fund Manager

Bozeman, Montana

United States

About Beartooth Capital

Beartooth Capital is a leading impact investment fund manager whose mission is to generate strong investment returns, real conservation results and community benefits. They partner with leading conservation and community groups to search the ranch market in the western United States for important but undervalued ranches with substantial potential for value creation and conservation benefits.

Beartooth Capital’s two funds have acquired over 25,000 acres in five western states. They have protected more than 15,000 acres, restored more than 37 miles of creek and river and with their partners, created three new parks providing public access to recreation areas. Their work has had other important impacts as well. They have rehabilitated thousands of acres of pasture and hundreds of acres of productive farmland. They have modified management of water rights to keep large amounts of water in-stream, improving fisheries and spawning areas for important species such as steelhead and wild Chinook salmon in communities where recreation and tourism play a large part in the local economy.

Conservation and community benefits are at the core of our investment model. Joining the B Corp community helps us document the impact of our work and guides us to find ways to have an even greater impact.


The Change We Seek®

Beartooth Capital is at the forefront of creating a conservation finance marketplace – offering a means for investors to align their investments with risk-appropriate investment opportunities in conservation. Their demonstrated commitment to restoration, conservation and community collaboration enables them to better implement their strategy to create value, mitigate risk and provides a competitive advantage.


What makes us a better company?

B Impact Report

Certified since: 

December 2011

Company Score

Median Score*



The Environment section of the Assessment evaluates a company's environmental performance through its facilities; materials, resource, and energy use; and emissions. Where applicable, it also considers a company's transportation/distribution channels and environmental impact of its supply chain. This section also measures whether a company's products or services are designed to solve an environmental issue, including products that aid in the provision of renewable energy, conserve resources, reduce waste, promote land/wildlife conservation, prevent toxic/hazardous substance or pollution, or educate, measure, or consult to solve environmental problems.



The Worker section of the survey assesses the company's relationship with its workforce. This section measures how the company treats its workers through compensation, benefits, training, and ownership opportunities provided to workers. It also focuses on the overall work environment within the company through management/worker communication, job flexibility and corporate culture, and worker health and safety practices.



The Customers section of the Assessment measures the impact a company has on its customers. The section focuses on whether a company sells products or services that promote public benefit, and if those products/services are targeted towards serving underserved populations. Questions in this section will measure whether a company's product or service is designed to solve a social or environmental issue (e.g. improves health, preserves environment or creates economic opportunity to individuals or communities, promotes the arts/sciences, or increases the flow of capital to purpose-driven enterprises).



The Community section of the survey assesses a company's impact on its community. The Community section evaluates a company's supplier relations, diversity, and involvement in the local community. The section also measures the company's practices and policies around community service and charitable giving. In addition, this section includes if a company's product or service is designed to solve a social issue, including access to basic services, health, education, economic opportunity, arts, and increasing the flow of capital to purpose-driven enterprises.



The Governance section of the Assessment evaluates a company's accountability and transparency. The section focuses on the company's mission, stakeholder engagement, and overall transparency of the company's practices and policies.

Overall B Score

80 out of 200 is eligible for certification

*Of all businesses that have completed the B Impact Assessment

*Median scores will not add up to overall

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Company Highlights: 

Employees: Benefits include use of the ranches for personal recreation

Community: Gives preference to local, sustainable, or fair trade suppliers; Written community service policy; Banks with a local, independent institution

Environment: More than 15,000 acres of land protected, 37 miles of river and creek restored

2014 Best for the World Overall Honoree