RLH was founded in 1998 to invest in agricultural, timber and mining properties in the U.S. Through partnerships with local brokers, operators and entrepreneurs, RLH invests in properties across a broad range of resource-rich asset classes. To date, RLH has organized and managed two separately funded entities as well as four private equity funds. Resource Land Fund I was capitalized with $20 million in committed equity and made its first investment in December of 2001. Resource Land Fund II was capitalized with $51 million in committed equity and made its first investment in July of 2003. Resource Land Fund III was capitalized with $175 million and made its first investment in March 2006. All three funds are fully invested. RLF IV had a final closing in August 2010 of $316 million in equity commitments.