38. (1) There shall be a new fund to be known as the Ireland Strategic Investment Fund (referred to in this Part as the “Fund”).

(2) The assets and liabilities of the National Pensions Reserve Fund established under section 18 of the National Pensions Reserve Fund Act 2000 shall become assets and liabilities of the Fund on the coming into operation of this Part (but subject to the provisions of Schedule 4 in the case of certain foreign assets and foreign liabilities which shall be regarded as remaining assets and liabilities of the National Pensions Reserve Fund until their transfer to the Agency in accordance with that Schedule).

(3) Ownership of the Fund shall vest in the Minister.