JPM - J.P. Morgan Asset Management acquires Campbell Global

BrightSphere Investment Group ([[BSIG]] +4.1%) to sell its 75% stake in Campbell Global, LLC, to J.P. Morgan Asset Management, a division of JPMorgan Chase & Co. ([[JPM]] +1.8%). As part of the transaction, J.P. Morgan will also acquire the 25% ownership interest in Campbell held by Campbell management. J.P. Morgan has also agreed to acquire BrightSphere’s co-investments in Campbell Funds.The terms of the deal were not disclosed. The deal will make J.P. Morgan a significant promoter for thriving forests around the world, including in 15 U.S. states, New Zealand, Australia and Chile. "Acquiring Campbell Global provides us with an opportunity to strengthen and diversify our ESG focus, including building a robust carbon sequestration platform," said Anton Pil, Global Head of J.P. Morgan Global Alternatives. "Timber investing further enhances our asset class offerings in our alternatives business, ultimately passing along the unique benefits of forest management to our clients. Our knowledge of real estate

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J.P. Morgan Asset Management acquires Campbell Global