J.P. Morgan Asset Management Acquires Campbell Global LLC

J.P. Morgan Asset Management announced on Monday (6-21-21) that they have acquired forest management and timberland investing company, Campbell Global, LLC. The terms of the transaction with Campbell Global’s parent company, BrightSphere Investment Group, were not disclosed. Based in Portland, Oregon, Campbell Global is a recognized leader in global timberland investment and natural resource management. 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. The transaction is expected to close in the third quarter. J.P. Morgan looks forward to the new opportunities this acquisition can create in timberland investments.