RIA · CRD 331198Private Fund Adviser

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Homestake Management

HOMESTAKE MANAGEMENT, LLC is a state-registered investment adviser based in Bozeman, MT. It manages discretionary portfolios for high net worth individuals and...

Homestake Management

HOMESTAKE MANAGEMENT, LLC is a state-registered investment adviser based in Bozeman, MT. It manages discretionary portfolios for high net worth individuals and families. The firm is led by its founder.

General information

Firm type

RIA

Location

Region

North America

Country

United States

City

Bozeman

Corporate office

San Francisco, CA, United States

Principals

William Oberndorf

Chairman

Sector focus

EducationPrivate CreditReal EstateHedge Funds

Frequently asked questions

How does Homestake Management separate its political and charitable giving from its investment activity?

No formal separation between the investment office and Oberndorf's political giving has been disclosed. The office does not maintain a public-facing foundation, and both charitable and campaign contributions appear to flow through personal accounts, organized under Oberndorf's direct control rather than an independent 501(c)(3) with a separate board. This integrated structure is not uncommon among families where advocacy and investment share a common analytical framework.

Is Homestake Management related to SPO Partners today?

SPO Partners wound down its outside capital operations in the early 2010s. Homestake Management now functions independently as Oberndorf's personal office, with no ongoing investment connection to the SPO entity or its former limited partners. The intellectual DNA — concentrated bets, patience, avoidance of fundraising — persists.

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