“J.P. Morgan Acquires Forest And Timberland Investment Firm”

“This week, J.P. Morgan Asset Management announced that its $168 billion Global Alternatives division has acquired forest management and timberland investment firm Campbell Global, LLC.  Price and other terms of the deal with Campbell Global’s parent company, $140 billion asset manager BrightSphere Investment Group, were not made public.

Portland, Oregon-based Campbell Global, which has an investment track record spanning more than three decades and manages $5.3 billion in client assets and over 1.7 million acres worldwide, is a leader in global timberland and natural resource investment. The deal will make J.P. Morgan a significant owner of forests in 15 U.S. states, as well as New Zealand, Australia and Chile…”