Campbell Global Acquired by JP Morgan
Wednesday 23 Jun 2021
New York, NY June 21, 2021 -- In an effort to directly impact the transition to a low-carbon economy and provide ESG-minded investment opportunities related to climate, conservation and biodiversity, JP Morgan Asset Management has acquired Forest Management and Timberland Investing company, Campbell Global, LLC. The terms of the deal with Campbell Global’s parent company, BrightSphere Investment Group, were not disclosed. The acquisition does not impact current investment strategies for Campbell Global clients.
Campbell Global is a recognised leader in global timberland investment and natural resource management. Based in Portland, Oregon, the firm has over three decades of experience, $5.3 billion in assets under management and manages over 1.7 million acres worldwide with over 150 employees. All employees will be retained and Campbell Global will remain headquartered in Portland. The deal will make J.P. Morgan a significant benefactor for thriving forests around the world, including in 15 U.S. states, New Zealand, Australia and Chile.
Carbon sequestration in forests worldwide will play an important role in carbon markets, and J.P. Morgan Asset Management expects to become an active participant in carbon offset markets as they develop.
“This acquisition expands our alternatives offering and demonstrates our desire to integrate sustainability into our business in a way that is meaningful,” said George Gatch, Chief Executive Officer of JP Morgan Asset Management. “Investing in timberland, on behalf of institutional and high net wealth individuals, will allow us to apply our expertise in managing real assets to forests, which are a natural solution to many of the world’s climate, biodiversity and social challenges.”
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