Japan-based tech investor SoftBank Group Corp is said to be considering the launch of a new giant startup fund, the Wall Street Journal reported on Wednesday, quoting people familiar with discussions at the company.

Softbank would likely use its own cash for what would be the third SoftBank Vision Fund if it moves ahead with the plan, the people reportedly said. The size of the new fund couldn’t be determined.

According to the report, the tech conglomerate is also considering putting additional money into Vision Fund 2, its main investment fund for the past few years, instead of starting a new fund, one of the people said.

Vision Fund 2 is currently worth less than the investment that went into it. Those losses significantly reduce the pay for SoftBank staff working on the fund—a factor in its decision making, WSJ reported. The company expects to make a decision in the coming months, the people said.

SoftBank, led by Chief Executive Officer Masayoshi Son, has been hit particularly hard by the rout in tech valuations that began last fall, posting a record $23 billion loss in the three months ended in June.

He said last month that he would restructure the Vision Fund investment arm after it posted a $50 billion loss in the six months through June, the value of its portfolio fell, earlier reports showed.

Son also told investors he was “quite embarrassed and remorseful” after having gotten caught up in the frenzy, and he has substantially cut back spending on startups. Still, Son has said he is committed to the startup and tech sector long term and eventually plans to increase spending again.

SoftBank has scaled back investment activity and sold shares in China e-commerce giant Alibaba. It also expects to have more cash coming in over the next year, from a public listing of its chip designer Arm to raise further cash.

Featured photo credit: Softbank’s Facebook page

NVIDIA, SoftBank announce termination of NVIDIA’s acquisition of Arm due to regulatory challenges