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Direct access to the forest sector and alignment with the United Nations Sustainable Development Goals and the Principles of Responsible Investing. J.P. Morgan Asset Management intends to participate actively in the carbon offset market.
NEW YORK, NY— J.P. Morgan Asset Management has acquired Campbell Global, LLC, a forest management and timberland investing company, in order to have a direct impact on the transition to a low-carbon economy and to provide ESG-conscious investment opportunities related to climate, conservation, and biodiversity. The deal’s terms with BrightSphere Investment Group, Campbell Global’s parent company, were not disclosed.
The acquisition has no effect on Campbell Global clients’ current investment strategies.
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Campbell Global is a market leader in timberland investment and natural resource management on a global scale.
Based in Portland, Oregon, the firm has over three decades of experience, manages $5.3 billion in assets, and employs over 150 people worldwide. Campbell Global’s employees will be retained, and the company’s headquarters will remain in Portland. J.P. Morgan will become a significant benefactor of thriving forests worldwide, including in 15 United States, New Zealand, Australia, and Chile.
Carbon sequestered in forests worldwide will be critical in the development of carbon markets, and J.P. Morgan Asset Management expects to be an active participant in the development of carbon offset markets. “We have always held that there should be no tradeoff between investing wisely and investing responsibly,” said John Gilleland, Chief Executive Officer of Campbell Global. “We made our first institutional investment in timberland 35 years ago, have since planted over 536 million trees, and emerged as a leader in sustainable forestry. We look forward to continuing these efforts with J.P. Morgan. Importantly, this transaction further positions Campbell Global to serve our existing world-class clients at the highest standard.”
The investment offering will be part of J.P. Morgan’s $168 billion AUM Global Alternatives franchise and will capitalize on private markets’ continued growth. J.P. Morgan is a leader in real estate, infrastructure, and transportation, as well as private equity, private debt, and hedge funds. Campbell Global complements this portfolio by addressing an asset class gap in an attractive market while also contributing to sustainability objectives. It is anticipated that the transaction will close in the third quarter. J.P. Morgan anticipates that this acquisition will open up new opportunities for timberland investment.
