Franklin Templeton and Clarion Partners to Acquire Majority Stake in Stoneshield Capital

Franklin Templeton, through its real estate subsidiary Clarion Partners, entered into a definitive agreement to acquire a majority stake in Stoneshield Capital, a European real assets investment manager with approximately $9 billion in assets under management. Stoneshield will become Clarion’s dedicated opportunistic investment platform in Europe, while co-founders Juan Pepa and Felipe Morenés will continue to lead the business and retain the remaining stake; closing is expected in Q4 2026.