J.P Morgan Asset Management's Campbell Global Announces Close of $1.5 billion Forest & Climate Solutions Fund II

Fundraising and Strategy - J.P. Morgan Asset Management announced the close of Campbell Global's Forest & Climate Solutions Fund II at $1.5 billion, exceeding its initial fundraising target of$1 billion [1] - The total capital raised, including separate account mandates, reached 2.3 billion [1] Investment Focus and Benefits - The fund leverages Campbell Global's expertise in managing commercial forestland and supports traditional timber production alongside carbon sequestration [3] - It offers benefits such as nature-based carbon removal, biodiversity enhancement, and income generation, serving as a diversification from traditional asset classes [4] Properties and Management - The Forest & Climate Solutions Fund II currently holds three timberland properties totaling approximately 212,000 acres (about 87,700 hectares) in the U.S. Pacific Northwest and U.S. South [4] - These properties are managed in accordance with sustainable forestry initiative standards, focusing on carbon capture and timber production [4] Company Background - Campbell Global, acquired by J.P. Morgan Asset Management in 2021, has over four decades of experience in timberland management and has managed more than 5 million acres worldwide [5] - As of December 31, 2024, Campbell Global has 10.1 billion in assets under supervision and manages 1.4 million acres globally [6]