Pitango Venture Capital is planning to raise around $350 million for its sixth fund, Globes reports. The Israeli venture capital fund invests in a suite of companies in communications, internet, mobile technology, cleantech, semiconductors and life sciences.

The firm currently has around $1.3 billion under management in five funds. The California Public Employees’ Retirement System is one of the investors in Pitango’s funds.

Click here for the story from Globes.