South Yorkshire Pensions Authority (SYPA) has made a $100m (€117.4m) commitment to JP Morgan Asset Management’s timberland investment advisory company,
The UK local government pension scheme said it has allocated the capital to Campbell Global as part of the pension fund’s asset-backed forestry strategy, which aims to “contribute to lower emissions while supporting biodiversity and delivering diversified and attractive long-term risk-adjusted returns for investors”.
George Graham, director, South Yorkshire Pensions Authority, said: “Forestry plays a vital role in our natural capital allocation as outlined in our investment strategy. It provides a resilient and diversified source of returns, aiding our journey to net zero and our initiatives to combat climate change and support biodiversity, which our pension scheme members highly value.
“Campbell Global, a leading global investment advisor specialising in timberland investments, is a pioneer in this field with decades of expertise in forestry assets. This makes the strategy an ideal choice for South Yorkshire Pensions.”
John Gilleland, CEO of Campbell Global, said: “We’re very pleased to leverage our extensive experience in global timberland management to support SYPA’s commitment to sustainable forestry practices.
“Our focus is on creating income and value appreciation while contributing positive to climate solutions. Beyond financial attributes, our work in the forests includes carbon sequestration, water conservation, and the enhancement of biodiversity and habitats.”
With over four decades of experience in forest management and timberland investing, Campbell Global is a worldwide investment manager based in Portland, Oregon. The firm has managed more than 5m acres globally for pension funds, foundations, family offices and other institutional investors since its inception.
As of the end of last year, Campbell Global’s assets under supervision amounted to $10.1bn, with 1.4m acres under management worldwide.
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