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Taoiseach and Tanaiste welcome Alter Domus' creation of 100 new jobs in Cork, to bring its headcount in Ireland to 280 Back
January 27th 2021: Alter Domus has announced it is creating 100 extra jobs on the back of continuing expansion of its European Centre of Excellence in Cork as demand for cross-border fund administration and asset servicing grows. Taoiseach Micheal Martin, welcoming the move, said "there will be even greater opportunities in the Financial Services sector in years to come and the innovative graduate development paths provided by Alter Domus will help ensure future growth". The Tanaiste Leo Varadkar said "I warmly welcome this further expansion of Alter Domus in Cork, which will create 100 new highly-skilled roles over the next year, on top of the 80 created last year. I am particularly pleased to see the company will continue the partnerships it has established with local third-level institutions".
Alter Domus, a fully integrated provider of fund administration, debt capital markets and corporate services for the alternative investment industry, has announced the creation of 100 new jobs, substantially increasing headcount at its European Centre of Excellence in Cork.
James McEvoy: "The recent introduction of an improved Investment Limited Partnership (ILP) structure, along with anticipated regulatory amendments for private asset funds give Ireland the opportunity to ensure this sector is well catered for into the future."


From Cork, Alter Domus operates a European hub for global private debt, private equity, real estate and infrastructure investors and managers supporting over €1 trillion in assets under administration globally. With offices in Cork and Dublin, Alter Domus has already invested significantly in its Irish operations, having increased its headcount in Ireland from 100 to 180 people in 2020.

James McEvoy, Country Executive Ireland, Alter Domus, said: “We are delighted to confirm our plans for further growth in Ireland. We have continued to rapidly grow the business in recent years and see a new market opening up here for investors in private assets. This industry holds over $10 trillion in assets, a growing proportion of which is invested in Europe. Ireland is going to be an increasingly important access point to these markets. Our priority is to support our clients where they need us and our focus now is to enhance our service offering to bring our specialist full-service solutions to market in support of that growth.”

"We see great growth prospects for private assets funds in Ireland. The recent introduction of an improved Investment Limited Partnership (ILP) structure, along with anticipated regulatory amendments for private asset funds give Ireland the opportunity to ensure this sector is well catered for into the future. We’re delighted to be able to support our clients from Ireland with a growing workforce specialising in Private Equity, Real Estate, Debt and Infrastructure and we will continue to enhance our product offering locally through 2021.

"Our Centre of Excellence in Cork has developed fast, where staff have access to diverse experience and exciting career opportunities. We’re actively speaking to new candidates as we work to welcome new talent to our teams and invite anyone interested in becoming part of our story to get in touch.

To support continued growth, the Company is investing in a new workplace for the future at Cork Airport Business Park allowing the business to continue to scale. Alter Domus will also continue to invest in its partnerships with third level institutions locally. This will include the enhancement of both graduate and internship programmes that will become a key source of top talent of the future. Annual intake for each of these programmes is expected to double this year.

The plans come as private asset funds are poised for significant growth in Ireland and the Company aims to provide fully integrated solutions to its clients.
Taoiseach Micheal Martin: "there will be even greater opportunities in the Financial Services sector in years to come and the innovative graduate development paths provided by Alter Domus will help ensure future growth".


Globally, Alter Domus recruited over 700 people in 2020 including 80 people in Ireland. In addition to organic growth, Alter Domus continues to grow by acquisition. Most recently, in December, the Company acquired Boston-based fund administrator, IPS Fund Services and London-based fintech, Credit-Vision and, in January, acquired Utah-based Strata Fund Solutions LLC. Alter Domus is targeting significant further organic and acquisition growth in 2021, part of which will be driven by the expansion of its services and capabilities in the Irish market.

Taoiseach Micheal Martin commented: “The creation of 100 new highly-skilled jobs at the Alter Domus European Centre of Excellence in Cork shows the rich pool of talent we have in this country. The company’s 10-year commitment to Ireland as a leading player in the alternative investment industry has been an important part in that success story. There will be even greater opportunities in the Financial Services sector in years to come and the innovative graduate development paths provided by Alter Domus will help ensure future growth.”

Tanaiste and Minister for Enterprise Trade & Employment Leo Varadkar: “I warmly welcome this further expansion of Alter Domus in Cork, which will create 100 new highly-skilled roles over the next year, on top of the 80 created last year. I am particularly pleased to see the company will continue the partnerships it has established with local third-level institutions. Ireland is now a hub for Financial Services companies from all over the world and we welcome this expansion and look forward to the company’s continued success here in Cork”, he said.
Tanaiste Leo Varadkar: "I warmly welcome this further expansion of Alter Domus in Cork, which will create 100 new highly-skilled roles over the next year, on top of the 80 created last year. I am particularly pleased to see the company will continue the partnerships it has established with local third-level institutions".


“Our Irish operations have played a key part in our growth to become a leading global provider of fund administration and asset servicing dedicated to the alternative investment industry. We are delighted to announce the creation of 100 new jobs in Ireland and, in particular, at our European Centre of Excellence in Cork. Ireland offers a strong talent pool from which to grow. This includes both experienced professionals from the alternatives fund services industry and also access to quality third-level graduates. Our ability to attract talented professionals with a rewarding career path together with the development of a sophisticated training academy has aided our ability to grow rapidly in 2020 and we expect this to continue in 2021”, said Heather Crowley-Kerr, Head of Operations Europe, Alter Domus.

CEO of IDA Ireland, Martin Shanahan commented: “Alter Domus first established in Ireland in 2011. Since then it has significantly expanded its presence in Dublin and Cork. Today’s announcement to create 100 roles at its European Centre of Excellence in Cork, endorses Alter Domus’ confidence in the availability of a high skilled and talented workforce in the South West and demonstrates IDA Ireland’s continued commitment to winning investment for regional locations. I wish Alter Domus every success with this expansion.”

Earlier this month, Alter Domus, backed by the Permira funds, announced the acquisition of Strata Fund Solutions LLC (Strata), a leading fund administrator serving US private equity and venture capital funds, bringing its global AuA to over 1 trillion USD.

The firm said "this strategic acquisition represents another milestone in the firm’s North American growth strategy focused on providing high-quality, vertically integrated solutions to the most demanding private equity, venture capital, real estate, and credit investors. Strata’s premier client base and deep expertise are complementary to Alter Domus’ world-class servicing capabilities. Strata also brings a complementary technology stack to Alter Domus, as the combined business will leverage industry-leading in-house solutions like CorPro, Agency360, Mailroom, and Virtual Back Office, and best-in-class third-party information processing engines such as Investran, eFront, Allvue, and Yardi.

"In joining forces with Strata, Alter Domus North America leaps to top three largest private asset servicers for US alternative asset managers. This transaction also drives Alter Domus’ global assets under administration (AuA) over $1 trillion, making it one of the largest private asset servicers for alternative assets investors globally and an undisputed leader in the private equity and venture capital servicing space", it said.
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