J.P. Morgan’s Campbell Global Raises $1.5 Billion for Climate-Focused Timberland Fund

  • $1.5B fund exceeds target: J.P. Morgan’s Campbell Global Forest & Climate Solutions Fund II closed $500M above its $1B goal, signaling strong investor confidence in nature-based assets.
  • $2.3B total capital raised: Including separate accounts, total commitments span U.S. institutions, European pensions, global banks, and insurance firms.
  • Climate meets returns: Fund assets target carbon sequestration, biodiversity, and sustainable timber production—positioning forestland as a climate-aligned, income-generating asset class.

J.P. Morgan Asset Management has closed its Campbell Global Forest & Climate Solutions Fund II at $1.5 billion, exceeding its initial $1 billion target. The close marks a major step in J.P. Morgan’s post-acquisition strategy following its 2021 purchase of timberland firm Campbell Global.

Additional separate account mandates bring total capital raised across strategies to $2.3 billion, reflecting increased appetite for sustainable, climate-integrated assets.

The fund integrates commercial timberland investment with climate goals—targeting carbon removal, biodiversity preservation, and water protection across ~212,000 acres in the U.S. Pacific Northwest and South.

We’re very pleased to put our decades of experience in global timberland management to work for this quality group of investors interested in responsibly managed forests that generate income and value appreciation and are a positive climate solution,” said John Gilleland, CEO of Campbell Global.
“The removal of carbon, protection of water, and enhancement of biodiversity and habitats encompass some of the important work we do in the forests on behalf of our investors.”

All timberland assets are managed according to Sustainable Forestry Initiative (SFI) standards—supporting long-term environmental stewardship alongside economic return.

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The fund drew global institutional capital, including U.S. and European pensions, international banks, insurance entities, and asset managers.

This strategy is a unique investment option for our clients, offering diversification from traditional asset classes and income generation, and timberland management is a proven inflation hedge,” said Jed Laskowitz, Global Head of Private Markets and Customised Solutions, J.P. Morgan Asset Management.
Given its decades of experience, Campbell Global is well positioned to take advantage of the opportunities in this sector.”

Jed Laskowitz, Global Head of Private Markets and Customised Solutions, J.P. Morgan Asset Management

As institutional investors sharpen their focus on climate-positive assets, sustainable timberland is gaining traction as a durable, inflation-hedged investment with tangible environmental and economic returns.

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