Investment adviser · CRD 328513

APC ASSET DEVELOPMENT I, LP

Investment adviser filing (IA)

NEWPORT BEACH, CA, United States · Form ADV filed Mar 30, 2026

Regulatory AUM: $2.25B
Client accounts: 6
Employees: 46
Advisory professionals: 22

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client type	Clients	Regulatory assets	Share of AUM
Pooled investment vehicles	6	$2,250,588,535	100.0%

Filing source

Form ADV 2071587 · Mar 30, 2026 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

6 Private funds

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

TRESTLES CLO 2017-1, LTD.Securitized Asset Fund · Last reported Mar 30, 2026$506MGross asset value

Fund administrator SIEPE, LLC DALLAS, Texas, United States Investor statements: No (provided to no investors) Related to adviser: No

Custodian CITIBANK, N.A. JERSEY CITY, New Jersey, United States Related to adviser: No

Provider details

Annual audit: No
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

CITIBANK, N.A.
LEI E57ODZWZ7FF32TWEFA76

Fund details & source

Fund ID: 805-2985150367
Reported beneficial owners: 1
Minimum commitment: $250K

Form ADV 2071587 · Mar 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

TRESTLES CLO IV, LTD.Securitized Asset Fund · Last reported Mar 30, 2026$405MGross asset value

Fund administrator SIEPE, LLC DALLAS, Texas, United States Investor statements: No (provided to no investors) Related to adviser: No

Custodian CITIBANK, N.A. JERSEY CITY, New Jersey, United States Related to adviser: No

Provider details

Annual audit: No
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

CITIBANK, N.A.
LEI E57ODZWZ7FF32TWEFA76

Fund details & source

Fund ID: 805-7786604167
Reported beneficial owners: 1
Minimum commitment: $250K

Form ADV 2071587 · Mar 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

TRESTLES CLO II, LTD.Securitized Asset Fund · Last reported Mar 30, 2026$403MGross asset value

Fund administrator SIEPE, LLC DALLAS, Texas, United States Investor statements: No (provided to no investors) Related to adviser: No

Custodian CITIBANK, N.A. JERSEY CITY, New Jersey, United States Related to adviser: No

Provider details

Annual audit: No
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

CITIBANK, N.A.
LEI E57ODZWZ7FF32TWEFA76

Fund details & source

Fund ID: 805-3342147739
Reported beneficial owners: 1
Minimum commitment: $250K

Form ADV 2071587 · Mar 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

TRESTLES CLO III, LTD.Securitized Asset Fund · Last reported Mar 30, 2026$399MGross asset value

Fund administrator SIEPE, LLC DALLAS, Texas, United States Investor statements: No (provided to no investors) Related to adviser: No

Custodian CITIBANK, N.A. JERSEY CITY, New Jersey, United States Related to adviser: No

Provider details

Annual audit: No
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

CITIBANK, N.A.
LEI E57ODZWZ7FF32TWEFA76

Fund details & source

Fund ID: 805-2202606696
Reported beneficial owners: 1
Minimum commitment: $250K

Form ADV 2071587 · Mar 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

TRESTLES CLO V, LTD.Securitized Asset Fund · Last reported Mar 30, 2026$394MGross asset value

Fund administrator SIEPE, LLC DALLAS, Texas, United States Investor statements: No (provided to no investors) Related to adviser: No

Custodian CITIBANK, N.A. JERSEY CITY, New Jersey, United States Related to adviser: No

Marketer MIZUHO SECURITIES USA LLC NEW YORK, New York, United States Related to adviser: No

Provider details

Annual audit: No
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

CITIBANK, N.A.
LEI E57ODZWZ7FF32TWEFA76

MIZUHO SECURITIES USA LLC
CRD 19647 · SEC 8-37710

Fund details & source

Fund ID: 805-7726924980
Reported beneficial owners: 1
Minimum commitment: $250K

Form ADV 2071587 · Mar 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

APC ASSET DEVELOPMENT I, LPPrivate Equity Fund · Last reported Mar 30, 2026$140MGross asset value

Form D fundraising filings

APC Asset Development I, LP

Fund administrator APEX FUND SERVICES (SFO) LLC SAN FRANCISCO, California, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor COHNREZNICK, LLP LOS ANGELES, California, United States

Custodian U.S. BANK NATIONAL ASSOCIATION MINNEAPOLIS, Minnesota, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

COHNREZNICK, LLP
PCAOB 596

U.S. BANK NATIONAL ASSOCIATION
LEI 6BYL5QZYBDK8S7L73M02

Fund details & source

Fund ID: 805-2064579507
Reported beneficial owners: 2
Minimum commitment: $1M
Form D file number: 021-503127

Form ADV 2071587 · Mar 30, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Services & filing details

Most recent filing: Mar 30, 2026. View historical filings

Reported services

Pooled investment vehicle management

Compensation

Percentage of assets · Performance-based

Principal office

840 NEWPORT CENTER DRIVE, 7TH FLOOR
NEWPORT BEACH, CA, 92660, United States

CRD 328513

Filing source

Form ADV 2071587 · Mar 30, 2026 · Items 1 & 5

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.