In first quarter 2011, Australia’s Future Fund further increased its real estate, private equity and infrastructure portfolios, with overall assets rising to A$74.62 billion during the quarter. Specifically, Future Fund increased its property portfolio in the first quarter to A$4.45 billion, up 0.6 percent, or A$632 million, which represents 6.1 percent of its overall assets. The value of its infrastructure and timberland assets increased by 0.5 percent, or A$562 million, to A$3.51 billion, 4.8 percent of Future Fund’s overall assets. According to Future Fund’s portfolio update, it “will continue to build towards its target asset allocation, with further investments into private equity, property and infrastructure in particular.”