Banking Exchange Magazine Logo

JP Morgan Ventures into Timber with Acquisition

Campbell Global purchase is part of the asset manager’s desire to diversify its ESG focus

  • |
  • Written by  Banking Exchange staff
  • |
  • Comments:   DISQUS_COMMENTS
JP Morgan Ventures into Timber with Acquisition

JP Morgan Asset Management (JPMAM) has acquired Oregon-based forest management and timberland investment company Campbell Global.

The acquisition means JPMAM now has forestry assets in 15 US states as well as New Zealand, Australia, and Chile. The investment offering will sit within the company’s $168 billion global alternatives franchise.

The terms of the deal with Campbell Global’s parent company, BrightSphere Investment Group, were not disclosed. However, all 150 employees will be retained and Campbell Global will continue to remain headquartered in Portland, Oregon, according to a press statement.

“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,” said JPMAM CEO George Gatch.

Campbell Global has $5.3 billion in assets under management and oversees over 1.7 million acres of forest worldwide.

On the back of the acquisition, JPMAM also expects to participate in carbon offset markets as they develop, it said. Forests play an important role in carbon offset markets.

Asset managers are responding to growing investor demand for sustainable investment strategies by buying up specialist companies and units if they cannot build the expertise themselves, according to a new report from PwC.

“We believe the ESG retail investment market is currently underserved, particularly in niche subsectors, which presents an opportunity to money managers to penetrate currently untapped markets,” the consultancy said.

ExxonMobil, the largest oil and gas producer in the US, has also recognized the growing demand for carbon capture. By 2040, the oil giant believes there will be a $2 trillion market. In March, the oil giant pledged a $3 billion investment over the next five years in carbon capture and storage projects.

back to top


About Us

Connect With Us


Webinar: In-person and Remote Banking –
Why this Hybrid Model is the Future of the Branch

Banks combine the brick and mortar
physical banking experience with virtual banking

Time/Date: August 5th, 2021 2:00 P.M. ET

As consumers increasingly prefer to engage with their bank remotely instead of going to a branch location, institutions are looking to modernize the ways in which they interact with customers. Depending on the complexity of the banking activity, some consumers will use self-service digital channels while others will turn to channels where they can get human help. In a hybrid banking model, banks combine the brick and mortar physical banking experience with virtual banking.

In this webinar, OneSpan and guest speaker Alyson Clarke, Principal Analyst at Forrester Research, will discuss why hybrid banking will become mainstream and the importance of putting the right tools in place to support remote account opening, account maintenance, wealth management, and lending.


This webinar is brought to you by:
OneSpan Logo