Caused by encapsulated yeast: Cryptococcus neoformans (worldwide, associated with pigeon droppings, immunocompromised hosts) and C. gattii (tropical/subtropical areas, can infect immunocompetent hosts).
Transmission is via inhalation of spores. The primary infection is in the lungs, often asymptomatic.
Hematogenous dissemination to the CNS is the most common and feared manifestation, especially in immunocompromised individuals.
The thick polysaccharide capsule is a major virulence factor, inhibiting phagocytosis.