J.P. Morgan Asset Management has acquired Forest Management and Timberland Investing company, Campbell Global.
"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, CEO of J.P. Morgan Asset Management. "Investing in timberland, on behalf of institutional and high net worth 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."
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 leader in global timberland investment and natural resource management. Based in Portland, Ore., the firm has more than three decades of experience, $5.3 billion in assets