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Erica Furfaro

Erica Furfaro

Managing Director, Portfolio Manager
21 Years experience
7 Years at firm

Erica is a Portfolio Manager on the All Cap Growth and Large Cap Growth strategies at ClearBridge Investments. She joined the firm in 2019 and has 21 years of investment industry experience.

Erica joined the firm as a Sector Analyst covering internet/media, was named a Portfolio Analyst supporting the All Cap Growth and Large Cap Growth strategies in 2021, and became a Portfolio Manager in 2024. Prior to joining ClearBridge, she worked as an Analyst/Sector head at Millennium Partners and an Analyst at York Capital Management, covering technology, media and telecommunications in both roles; Analyst for private equity at The Carlyle Group; and an Investment Banking Analyst at Merrill Lynch.

Erica received an M.B.A. from the Stanford Graduate School of Business and a B.A. in economics and government from Cornell University.

Experience

  • 21 years of investment industry experience
  • Joined the firm in 2019
  • Millennium Partners – Analyst/Sector Head, Technology, Media and Telecommunications
  • York Capital Management – Analyst, Technology, Media and Telecommunications
  • The Carlyle Group – Analyst, Private Equity
  • Merrill Lynch – Investment Banking Analyst
  • M.B.A. from the Stanford Graduate School of Business
  • B.A. in economics and government from Cornell University

Perspectives

  • Assessing AI from Many Angles
    Large Cap Growth ESG 1Q26: As AI adoption accelerates across industries, our engagements have increasingly focused on data privacy, ethical use of AI, labor implications and environmental impacts from data centers.
  • Growth Pressured by Rotation, Supported by Diversification
    All Cap Growth 1Q26: Broad-based weakness in software and health care disruptors drove underperformance, partially offset by strength in semiconductors, materials and select consumer holdings.
  • Stabilizing Growth Setup Through Volatility
    Large Cap Growth 1Q26: The Strategy outperformed in a risk-off quarter, supported by diversified contributions outside of mega cap technology.
  • Large Cap Growth Monthly Update
    Large Cap Growth February 2026: We continue to hold software companies we believe have fortified moats and the ability to leverage AI to accelerate their businesses and withstand competitive pressures.
  • Enduring Fast and Furious AI Market
    Large Cap Growth 4Q25: The Strategy meaningfully underperformed its benchmark, with underweights to mega cap and lower quality AI beneficiaries the main headwinds.