Financial and administrative services provider Alter Domus has officially opened its new offices for its European Centre of Excellence in Cork, where it plans to create 80 new jobs next year.

The company has invested in a new workspace for the future at Cork Airport Business Park, which will allow the business to continue to scale.

It also confirmed it is on schedule to reach its target of filling the 100 new positions that were announced in January this year.

Alter Domus operates a European hub for global private debt, private equity, real estate and infrastructure investors and managers in Cork, which supports over €1 trillion in assets under administration globally.

Alter Domus CEO Doug Hart said he was delighted to reaffirm the company's commitment to Ireland and to Cork with the creation of a further 80 new roles as it opens its new offices in the city.

"Our teams here provide huge value to our clients and we are driven to providing our staff with unlimited career opportunities at Alter Domus," Mr Hart said.

Tánaiste and Minister for Enterprise, Trade and Employment Leo Varadkar said the new Cork centre is a credit to the company's current team, who have been in Ireland for over a decade and have already seen a significant expansion in recent years.

"This latest decision will create 80 new jobs and I'm sure they will have no problem filling them, drawing from the rich talent pool in the area," Mr Varadkar said.

"Alter Domus is a leading player in the alternative investment industry and a real asset to the financial services industry in Ireland," he added.

Minister of State at the Department of Finance Sean Fleming said the company's expansion in Cork is an important regional investment which is a priority for the Ireland for Finance strategy.

"It's a strong example of the role that Alternative Funds can play in developing high quality jobs that have a real impact on our economy," he added.