J.P. Morgan Asset Management has held a close for its Campbell Global’s Forest & Climate Solutions Fund II at $1.5 billion, exceeding its fundraising target.
The fund launched in 2022 with a fundraising target of $1 billion and was the first fund launched after J.P. Morgan’s acquisition of Campbell Global in 2021. In addition to the fund, Campbell Global also closed several separate account mandates, bringing the total capital raise to $2.3 billion.
The global fund leverages Campbell Global’s expertise managing commercial forestland across Organization of Cooperation and Development (OECD) regions. It uses a blended approach that will support traditional timber production and carbon sequestration and offers the benefits of nature-based carbon removal and storage, biodiversity and other related benefits. Commitments in the fund include qualified U.S. investors, international banks, European pensions, insurance entities, and asset managers.
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