J.P Morgan Asset Management's Campbell Global Announces Close of $1.5 billion Forest & Climate Solutions Fund II

Rhea-AI Summary

J.P. Morgan Asset Management announced the successful close of Campbell Global's Forest & Climate Solutions Fund II at $1.5 billion, surpassing its initial $1 billion target. Additional separate account mandates brought the total capital raise to $2.3 billion.

The fund, launched in 2022, represents the first initiative following J.P. Morgan's 2021 acquisition of Campbell Global. The global strategy currently manages 212,000 acres across the U.S. Pacific Northwest and South, focusing on commercial forestland management in OECD regions.

The investment approach combines traditional timber production with carbon sequestration, offering nature-based carbon removal, storage, and biodiversity benefits. The fund attracted diverse investors, including U.S. investors, international banks, European pensions, insurance entities, and asset managers. All properties are managed under sustainable forestry initiative standards.

Positive

• Exceeded fundraising target by 50% ($1.5B vs $1B target)
• Additional separate accounts brought total capital raise to $2.3B
• Currently manages substantial portfolio of 212,000 acres
• Offers diversification and inflation hedging benefits
• Strong investor diversity across institutional segments

Negative

• None.

-timberland management strategy exceeds fundraising target and reaches $2.3 billion with additional strategy commitments-

NEW YORK, April 8, 2025 /PRNewswire/ -- J.P. Morgan Asset Management today announced the close of Campbell Global's Forest & Climate Solutions Fund II at $1.5 billion, exceeding its fundraising target.  The fund launched in 2022 with a fundraising target of $1 billion and was the first fund launched following J.P. Morgan's acquisition of Campbell Global in 2021.  In addition to the fund, Campbell Global also closed several separate account mandates, bringing the total capital raise to $2.3 billion.

"We're very pleased to put our decades of experience in global timberland management to work for this quality group of investors interested in responsibly managed forests that generate income and value-appreciation and are a positive climate solution.  Along with the financial attributes, the removal of carbon, protection of water, and enhancement of biodiversity and habitats encompass some of the important work we do in the forests on behalf of our investors," said John Gilleland, Chief Executive Officer of Campbell Global.

The global fund leverages Campbell Global's expertise managing commercial forestland across OECD regions.  It uses a blended approach that will support traditional timber production and carbon sequestration and offers the benefits of nature-based carbon removal and storage, biodiversity and other related benefits. Commitments in the fund include qualified U.S. investors, international banks, European pensions, insurance entities and asset managers. 

"This strategy is a unique investment option for our clients, offering diversification from traditional asset classes and income generation, and timberland management is a proven inflation hedge," said Jed Laskowitz, Global Head of Private Markets and Customized Solutions, J.P. Morgan Asset Management.  "Given its decades of experience, Campbell Global is well positioned to take advantage of the opportunities in this sector."  

The Forest & Climate Solutions Fund II currently holds three unique timberland properties totaling ~212,000 acres (~87,700 hectares) located in the U.S. Pacific Northwest and U.S. South, with additional capital to deploy. The properties are 100% managed in accordance with sustainable forestry initiative standards, designed to protect the diverse wildlife and riparian forests across the properties while being continuously managed for both carbon capture and timber production to meet growing demand for sustainable building products and other uses. 

About Campbell Global

Acquired by J.P. Morgan Asset Management in 2021, Campbell Global, LLC is a worldwide investment manager focused on timberland. Based in Portland, Oregon Campbell Global is recognized as an authority on both forest management and timberland investing, with over four decades of experience in timberland management and value creation. A pioneer in the field, they have managed more than 5 million acres worldwide for pension funds, foundations, family offices and other institutional investors since inception.

Campbell Global has  $10.1B Asset under Supervision and 1.4M acres under management worldwide as of 12/31/2024. 

About J.P. Morgan Asset Management

J.P. Morgan Asset Management, with assets under management of $3.6 trillion (as of 12/31/2024), is a global leader in investment management. J.P. Morgan Asset Management's clients include institutions, retail investors and high net worth individuals in every major market throughout the world. J.P. Morgan Asset Management offers global investment management in equities, fixed income, real estate, hedge funds, private equity and liquidity. For more information, visit: www.jpmorgan.com/am

About JPMorgan Chase

JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America ("U.S."), with operations worldwide. JPMorganChase had $4.0 trillion in assets and $345 billion in stockholders' equity as of as of 12/31/2024. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers in the U.S., and many of the world's most prominent corporate, institutional and government clients globally. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

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SOURCE J.P. Morgan Asset Management

FAQ

How much did JPM's Forest & Climate Solutions Fund II raise in total capital?

The fund raised $1.5 billion, exceeding its $1 billion target, with additional separate account mandates bringing total capital to $2.3 billion.

What is the current land portfolio of JPM's Forest & Climate Solutions Fund II?

The fund manages approximately 212,000 acres (87,700 hectares) across the U.S. Pacific Northwest and U.S. South.

When was the JPM Forest & Climate Solutions Fund II launched?

The fund was launched in 2022, following J.P. Morgan's acquisition of Campbell Global in 2021.

What are the main investment benefits of JPM's Forest & Climate Solutions Fund II?

The fund offers diversification from traditional assets, income generation, inflation hedging, and environmental benefits through carbon sequestration and biodiversity protection.

Who are the primary investors in JPM's Forest & Climate Solutions Fund II?

The fund attracted qualified U.S. investors, international banks, European pensions, insurance entities, and asset managers.