FundRock, an alternative investment fund manager, has launched an office in the Irish city of Limerick.

The new office is FundRock’s second location in Ireland.

The firm first entered the country through an office in Dublin.

FundRock group CEO Xavier Parain said: “As a truly pan-European player, we hope the addition of this office will demonstrate not only our commitment to Ireland and the Irish market but to all our clients and partners as we are constantly seeking ways to strengthen our offering.”

The Limerick office currently employs 20 staff.

Plans are on to increase the headcount to more than 45 in the coming 12-18 months.

The office will be a centre of excellence and operational centre, designed to support the firm’s Dublin, London and Luxembourg branches.

It will facilitate the firm’s core functions, namely risk, oversight as well as investment compliance.

An operational support team along with IT developers will also operate out of the region.

Conor O’Brien will lead the Limerick office in the role of managing director.

“We have had a longstanding connection to the city by offering internships to students studying at the University of Limerick and I truly believe we have made an excellent choice to build our new centre of excellence here,” O’Brien noted.