J.P. Morgan Asset Management has announced the final close of the Campbell Global Forest & Climate Solutions Fund II at $1.5 billion, exceeding its initial fundraising target of $1 billion. Launched in 2022, this marks the first fund raised following J.P. Morgan’s acquisition of timberland investment firm Campbell Global in 2021.
In addition to the fund, Campbell Global secured several separate account mandates, bringing total capital commitments across strategies to $2.3 billion.
The fund aims to blend traditional timberland investment with climate-focused goals, including carbon sequestration, biodiversity enhancement, and sustainable forest management. Assets under the fund include three timberland properties across the U.S. Pacific Northwest and the U.S. South, spanning approximately 212,000 acres (87,700 hectares). All properties are managed according to Sustainable Forestry Initiative (SFI) standards.
“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,” said John Gilleland, Chief Executive Officer of Campbell Global. “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.”
The Forest & Climate Solutions Fund II attracted commitments from a diverse investor base, including U.S. institutional investors, European pension funds, international banks, insurance firms, and global asset managers.
Jed Laskowitz, Global Head of Private Markets and Customised Solutions at J.P. Morgan Asset Management, said: “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. Given its decades of experience, Campbell Global is well positioned to take advantage of the opportunities in this sector.”
The fund continues to seek additional investments in sustainable timberland, reflecting growing demand for nature-based solutions that contribute to both climate mitigation and financial performance.
