# Hallador Investment Advisors

Hallador Investment Advisors is a Multi Family Office based in Reno, United States.

## Overview

- **Organization type:** Multi Family Office
- **Headquarters:** Reno, United States
- **Region:** North America
- **Address:** 5485 Kietzke Lane, Reno, NV 89511, United States
- **Founded:** 1974
- **Assets under management:** 350 (Altss estimate)
- **Website:** hallador.com
- **LinkedIn:** https://www.linkedin.com/company/hallador

## Regulatory record

- **CRD number:** 141335
- **SEC file number:** 801-67056
- **Registration status:** APPROVED
- **Latest Form ADV filing:** 2026-03-31T05:00:00.000Z
- **Reports private funds:** Yes
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/141335

## About

Hallador Investment Advisors was established in 1974 in Reno, Nevada. David Hardie serves as founder and executive chairman. The firm acts as the family office for Robert and Jane Hardie, descendants of R.C. Hoiles, while also advising other clients. The firm allocates across equities, buyout, growth capital, real estate, secondaries, distressed, venture capital, infrastructure, and hedge funds. Equity holdings span the United States to emerging markets. Direct investments target technology software and hardware, consumer products, and healthcare. Geographies include North America, Europe, Asia, Africa, South America, and Oceania. Hallador avoids new issues, IPOs, and pharma-related investments. The team includes nine professionals listed on the firm website. David Hardie previously chaired Hallador Energy. Kevin Leary serves as CEO and also chairs Tahoe Forest Products. Adjacent vehicles include the Parasol Tahoe Community Foundation and the Tahoe Fund. Hallador maintains a hybrid structure that combines multi-generational family office duties with registered investment advisor services for external clients. This setup supports both internal capital and outside mandates under the same investment committee.

## Sectors

- Healthcare Services
- InsurTech
- Enterprise Software

## People

- David C. Hardie — Executive Chairman and Founder
- Kevin Leary — Chief Executive Officer
- Aileen Hourigan — CFO / CCO
- Bart Lomont — Partner

## Questions

### Who runs investment decisions at Hallador Investment Advisors?

David Hardie serves as executive chairman and founder. Kevin Leary acts as chief executive officer. The firm lists additional professionals including Aileen Hourigan as CFO/CCO and Bart Lomont as partner.

### How does Hallador Investment Advisors source proprietary deal flow?

The firm targets off-the-beaten-path managers and companies. Direct venture investments focus on technology, consumer products, and healthcare opportunities.

### Does Hallador Investment Advisors participate in fund commitments or only direct deals?

The firm allocates to managers in buyout, growth capital, real estate, secondaries, distressed, venture capital, and infrastructure funds. It also holds direct investments in venture capital, real estate, and other private opportunities.

### What investment stages does Hallador Investment Advisors typically target?

Stages include buyout, distressed and turnaround, growth, and venture capital from seed through expansion.

## Related profiles

- [H14](https://altss.com/profile/h14)
- [Turnberry Investment Group](https://altss.com/profile/turnberry-investment-group)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/hallador-investment-advisors

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