Form D · Private Equity Fund

Lincoln Park 2025 Fund LP

West Conshohocken, PA · CIK 0002058254

Offering snapshot reported Mar 26, 2026 · SEC filing

Reported sold
$96.2M
Indefinite offering
Investors reported
57
Form D · investor count
Minimum accepted
$100K
Reported outside-investor minimum
First sale
May 7, 2025
As reported in this filing

What changed?

Latest filing versus its linked predecessor, where available.

  • Reported investors0 → 57

Filing history

Scroll to see all columns →

FiledFiling typeReported soldChange vs linked filingInvestorsSource
Mar 26, 2026Amendment$96,200,000No comparison57SEC filing
Feb 28, 2025InitialYet to sellNo comparison0SEC filing

Offering details

Securities
Pooled investment fund, Other
Exemptions
06b, 3C, 3C.7
Duration over one year
Yes
Business combination
No
Sales commissions
$0
Finders' fees
$0
Form D file number
021-539556
Limited Partnership Interests

Source: Form D, filed Mar 26, 2026. Minimum accepted may differ from a standard advertised minimum.

Fund connections

The linked fund shows its most recently reported ADV details.

Matched by reported Form D file number

LINCOLN PARK 2025 FUND LP

Investment adviser: PPB ADVISORS, LLC

Gross asset value
$96.2M
Beneficial owners
57
ADV minimum commitment
$100K

Reported in Form ADV on Mar 23, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator NAV CONSULTING OAK BROOK, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No
Auditor DELOITTE NEW YORK, New York, United States
Custodian TD BANK KING OF PRUSSIA, Pennsylvania, 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

DELOITTE
PCAOB 34

Filing source

Form ADV 2054472 · Mar 23, 2026 · Schedule D 7.B.(1), fund 805-7338718714

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

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
NameReported role
Brendan Lake Executive
N/A Ppb Advisors, Llc Executive
N/A Ppb Lp 2025 Mgt Llc Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:
300 Barr Harbor Drive Suite 260
West Conshohocken, PA, 19428