Clarion Partners

The firm was founded in 1982 by Stephen Furnary and John Weisz who previously worked at Citibank's real estate investment management group. In 2011, Lightyear Capital partnered with Clarion's management to acquire Clarion from ING for $100 million. In 2016, Lightyear Capital sold Clarion to Legg Mason for $585 million. In 2021, Franklin Templeton Investments acquired Legg Mason for $4.5 billion. As Clarion was a subsidiary under Legg Mason, it has now become a subsidiary under Franklin Templeton Investments. On September 11, 2005, Co-founder Weisz died. On May 13, 2014, Co-founder Sullivan retired from the firm. == Investments ==