LaSalle Global Employee Co-Investment Fund B L.P., in respect of LRECS Founding - Class A

The absence of prior EDGAR filings from this manager means either LaSalle Global Employee Co-Investment vehicles operate under a different entity structure or this represents the first formalized fund filing under this specific SPV—either way, the reliance on 06b exemption (pre-existing relationships only) confirms this is an internal allocation vehicle restricted to LaSalle personnel and existing relationship holders, not a broad institutional raise.

Filing in May 2026 aligns with year-end bonus season planning and Q2 capital deployment cycles when PE firms typically refresh employee co-investment facilities and lock in participant commitments before mid-year portfolio reviews.

Verify whether a co-investment agreement exists with a parent LaSalle fund, confirm the Class A carry and fee structure relative to any Class B or institutional tranches, and establish whether employee rollover or acceleration provisions from prior vintage vehicles flow into this Class A allocation—these terms directly affect liquidity and return attribution for participating employees.