J.P. Morgan’s Campbell Global Closes $1.5B Forest & Climate Fund, Surpassing Target

J.P. Morgan Asset Management has announced the successful close of Campbell Global’s Forest & Climate Solutions Fund II, securing $1.5 billion in capital—well above its initial $1 billion target.

The total capital raise reaches $2.3 billion when including additional commitments from separate account mandates, according to a statement on Tuesday.

This marks a major milestone for Campbell Global, the timberland investment firm acquired by J.P. Morgan in 2021.

Launched in 2022, Forest & Climate Solutions Fund II focuses on sustainably managed forestland across member countries of the Organisation for Economic Co-operation and Development (OECD), combining traditional timber production with carbon sequestration.

The fund’s blended strategy aims to deliver financial returns while generating environmental benefits such as carbon removal, biodiversity conservation, and water protection.

John Gilleland, CEO of Campbell Global, expressed satisfaction in applying the company’s decades of global timberland management experience to support a group of investors focused on responsibly managed forests.

“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,” he said.

Relevant: J.P. Morgan And Campbell Global Expand Their Portfolio With Forest Management

The fund has attracted a diverse investor base, including U.S. institutions, international banks, European pensions, insurers, and asset managers.

It currently holds three timberland properties totaling approximately 212,000 acres across the U.S. Pacific Northwest and South.

All properties are sustainably managed and certified under the Sustainable Forestry Initiative standards.

“This strategy is a unique investment option for our clients,” said Jed Laskowitz, Global Head of Private Markets and Customized Solutions at J.P. Morgan Asset Management.

He noted that timberland management has historically served as an effective hedge against inflation and emphasized that Campbell Global is well positioned to capitalize on opportunities in the sector.

The fund supports growing demand for sustainable building materials while contributing to nature-based climate solutions.

Read more: New Arbonics Survey: European Landowners Are Interested In Afforestation, But Need Better Support