Lipids play a fundamental role in fungal cell biology, being components of the cell membrane as well as targets of antifungal drugs. A deeper knowledge of lipid metabolism is key for developing new drugs and a better understanding of fungal pathogenesis. Here we built a comprehensive map of the Histoplasma capsulatum lipid metabolic pathway by integrating proteomic and lipidomic analyses. The map led to the identification of both the fatty acid desaturation and the sphingolipid biosynthesis pathways as targets for drug development. We also found that H. capsulatum produces analogs of platelet-activating factor, a potent regulator of the human immune response. The H. capsulatum platelet-activating factor analogs induced platelet aggregation and stimulated the production of the cytokines interleukin-10 and tumor necrosis factor-α by J774 macrophages. Overall, this lipid metabolic map revealed pathways that can be targeted for drug development, in addition to identifying a regulator of the host immune response. decrease in aged yeast cells 25 . In terms of sphingolipids, H. capsulatum also produces glucosylceramides, inositolphosphorylceramides and galactosyl-dimannosylinositolphosphorylceramides, which are components of membrane microdomains and are important for infection 20,26,27 . Considering the importance of lipids, we reasoned that a deeper characterization of H. capsulatum lipid metabolism would result in the discovery of virulence factors and drug targets. In this study, we performed an in-depth characterization of the H. capsulatum lipid biosynthetic pathway by profiling its lipids and the associated proteins, which were integrated into a metabolic map. By comparing our results to Saccharomyces cerevisiae and humans, we show unique features of the lipid biosynthetic pathway of H. capsulatum that can be targeted for drug development. This analysis also led to the discovery that H.capsulatum produces analogs of platelet-activating factor (PAF), which are biologically active and regulate different aspects of the human immune response.