Castello SGR acquisition reached its final stage as Anima Holding completed the purchase of the remaining 20% stake from funds managed by Oaktree Capital Management. The transaction concludes a process that began in February 2023, when Anima acquired an initial 80% interest. With this latest step, the Italian asset manager now owns 100% of Castello SGR. Consequently, the company has strengthened its position in Italy’s alternative investment sector.
Anima invested €19 million to complete the acquisition through previously agreed put options. As a result, the company consolidated full control of one of Italy’s leading real estate asset managers. The deal also reflects Anima’s long-term strategy to expand its presence in alternative investments, especially in real estate and hospitality.
Since the first acquisition in 2023, Castello SGR has experienced significant growth. Assets under management increased from €3.9 billion to €5.9 billion by the end of May 2026. This performance highlights the platform’s ability to attract institutional capital. It also demonstrates its capacity to expand its investment portfolio. Moreover, the results confirm the resilience of the Italian real estate investment market despite a challenging macroeconomic environment.
The Castello SGR acquisition further reinforces Anima’s exposure to sectors with strong long-term potential. Castello manages more than 90 active funds and oversees over 400 assets across multiple property classes. Furthermore, the company serves more than 150 investors. This scale makes it one of Italy’s ten largest real estate asset management companies.
Hospitality remains one of Castello’s core areas of expertise. The firm has built a strong track record in luxury hotel investments and alternative real estate strategies. Consequently, the acquisition gives Anima access to a specialised platform with deep sector expertise and strong asset management capabilities. As demand for hospitality and alternative real estate evolves, the integration of Castello SGR further strengthens Anima’s position in one of Italy’s most dynamic investment sectors.
