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

The absence of prior EDGAR filings from this manager suggests either a newly independent GP entity, a first-time formal SEC filing despite operational history, or a subsidiary/affiliate of a larger manager; the unnamed GP status combined with the 06b exemption points to a tightly controlled offering relying entirely on pre-existing relationships rather than external fundraising.

A May 2026 filing in real estate co-investment aligns with mid-year portfolio rebalancing cycles and positions the fund to capture deployment windows in H2 2026, when LPs typically finalize annual allocation decisions and co-investment requests for ongoing portfolio companies.

Verify whether the Class E employee co-investment has separate governance, fee, or carry terms from the master fund and confirm the identity and experience of the unnamed GP, since the filing provides no transparency on management depth or whether key-person protections apply to employee investors.