JP Morgan Global Alternatives has announced that institutional investors advised by the firm’s wholly-owned timber investment manager, Campbell Global, have led the acquisition of over 250,000 productive acres of high-quality, commercial timberland across three properties in the southeastern US and valued at over half a billion dollars.
According to the press release, the properties will be continuously managed for both carbon capture and timber production to meet growing demand for sustainable building products and other uses.
These properties include over 18 million tonnes of stored CO2 equivalents, approximately 120 million standing trees, over 700 miles of streams protected by 30,000 acres of riparian forests that sustain water resources, providing wildlife habitats and increased biodiversity within the landscape, and over 250,000 acres of wildlife habitat for recreational pursuits.
“These acquisitions will give our clients access to sustainably managed forests that leverage our more than 40 years’ experience in timberland management,” said John Gilleland, CEO of Campbell Global.
Campbell Global was acquired by JP Morgan Asset Management in August 2021, and has managed more than five million acres worldwide for pension funds, foundations and other institutional investors since its inception.
“This transaction is one of the largest of its type in the past decade and builds on efforts to expand our asset class offering across alternatives by offering investors access to a robust carbon sequestration and timber management platform,” said Anton Pil, global head of JP Morgan Global Alternatives.
“We are committed to harnessing the extensive forest management expertise of Campbell Global to offer our clients the unique ESG benefits associated with timberland assets.”