Diligence memo · auto-generated · as of July 2, 2026
Resource Royalty Income & Growth Fund IV, LP
Resource Royalty Income & Growth Fund IV, LP looks under-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Resource Royalty Income & Growth Fund IV, LP operates in Other Energy, based in DALLAS.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Resource Royalty Income & Growth Fund IV, LP has raised $40M in disclosed capital across 3 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $35M on —.
Most recent recorded round closed around 2014-09-08.
Valuation (modeled)modeled
Provath models Resource Royalty Income & Growth Fund IV, LP at approximately $38M (range $2.5M–$298M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.21× the median modeled value of Series B Other Energy companies in 2013–2015 (31 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 268 months.
Last raise 11.8 yr ago; this sector typically re-raises about every 12 months.
Silent for over 3× the sector's normal cadence.
The last round was 1.6× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 88% of Other Energy peers (2049 compared).
Modeled value ranks above 66% of those peers.
Closest niche peers: SAExploration Holdings, Inc., Granite Holdings, Inc., PowerTeam Services Holdco, LLC, Fuelcell Energy Inc, Fluidic, Inc..
Peoplefiled
4 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.