Investor Confidence in Nature-Based Assets Drives Fund Over Target
J.P. Morgan’s Campbell Global has successfully raised $1.5 billion for its Forest & Climate Solutions Fund II, surpassing its $1 billion target by $500 million. This fund, which forms part of the firm’s broader post-acquisition strategy following its 2021 purchase of timberland management firm Campbell Global, signals strong investor demand for nature-based investments that align with climate goals.
Including separate account mandates, total capital raised across all strategies reaches $2.3 billion. The fund’s investors include a diverse mix of U.S. institutional investors, European pension funds, global banks, and insurance companies.
Targeting Carbon Sequestration, Biodiversity, and Sustainable Timber
The fund focuses on managing ~212,000 acres of timberland across the U.S. Pacific Northwest and South. It aims to generate both economic returns and environmental impact by prioritizing carbon sequestration, biodiversity preservation, and water protection.
“We’re pleased to apply our decades of expertise in timberland management to create positive climate solutions that also deliver income and value appreciation for our investors,” said John Gilleland, CEO of Campbell Global. All investments comply with Sustainable Forestry Initiative (SFI) standards to ensure long-term environmental stewardship.
A Climate-Aligned, Inflation-Hedged Asset
Jed Laskowitz, Global Head of Private Markets and Customised Solutions at J.P. Morgan Asset Management, highlighted the unique value proposition of sustainable timberland investments: “This strategy offers diversification from traditional asset classes, generates income, and acts as a proven inflation hedge.” As institutional investors increasingly seek climate-positive assets, sustainable timberland is emerging as a durable, long-term investment with measurable environmental and financial returns.
Source: J.P. Morgan Asset Management, Campbell Global, April 2025.
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