Yes it will. Please note that the taxonomy of Basidiomycetous yeast was recently revised. You can find 5 articles on this in Studies in Mycology 81 for free at the CBS website.
Cryptococcus neoformans grows vegetatively as budding yeast and can be frequently found in tree hollows and pigeon guano. ... Upon inhalation, spores (in addition to desiccated yeast) can colonize the lungs of a host.