PPB Advisors, LLC (“PPB”) is a limited liability company formed on December 19, 2005, in 
the Commonwealth of Pennsylvania. PPB became registered as an investment adviser in January 
2010. PPB was acquired by PPB Capital Partners, LLC, effective January 2014.  PPB is 100% 
owned by PPB Capital Partners, LLC and  Brendan Lake is the Managing Member. 
PPB provides access to investment portfolios on a non-discretionary basis.  PPB partners with 
non-affiliated investment advisors to offer qualified investors  access to  private funds.  PPB 
provides non-discretionary investment supervisory and general partner services to the following 
private funds (collectively referred to as the “Affiliated Funds”): 
•  8VC Fund V Access Fund LP 
•  Align Impact II Fund LP 
•  Align Impact III Fund LP 
•  Align TMIF II Access Fund, LP 
•  Alpha Access Series LP – Credit Access Opportunities Fund I 
•  Alpha Access Series LP – Private Equity Access – Secondaries Fund I 
•  Alpha Access Series LP – Real Estate Access Opportunities Fund I 
•  Barrett Upton Private Equity Access Fund, LP 
•  BCPLC Access Fund, LP 
•  Canal Diversifying Strategies Fund I, LP 
•  Caprock BREP VI, LLC 
•  Caprock Impact Partners I, LP 
•  Caprock PSP IV, LP 
•  Century Park Growth & Income Fund LP 
•  Century Park Income Fund, LP 
•  Century Park Income Fund II, LP 
•  Century Park Opportunity Fund 2019, LP 
•  Century Park Opportunity Fund 2020, LP 
•  Century Park Opportunity Fund 2020 (QP), LP 
•  Century Park Opportunity Fund 2021, LP 
•  Cyndeo Income Opportunities LP 
•  Empirical Alternative Income Fund LP 
•  Fundamental Partners III Access Fund LP 
•  GC Fintech Fund, LP 
•  GC Opportunities I Private Fund, LP 
•  GC Opportunities 2 Private Fund LP 
•  Gondola Digital Asset Opportunities LP 
•  HCA WindAcre Access Fund LP 
•  Hightower Insight Partners XI Access Fund, LP 
•  Income Access Fund, LP 
•  Investment Solutions Cybersecurity 2023 Access Fund LP 
•  Keystone AIM Fund II, LP 
•  LGA IncomePlus Fund, LP 
•  Lincoln Park 2022 Fund, LP 
•  Lincoln Park 2023 Fund, LP 
•  Lotus IncomePlus Fund II, LP 
•  LotusGroup IncomePlus Fund III LP 
•  Oberland Healthcare Access Fund, LP 
•  Oberland Healthcare Access Offshore Fund LP 
•  OCH III Healthcare Access Fund, LP 
•  OCH III Healthcare Offshore Access Fund, LP 
•  One Brick Select Private Credit Fund I, LP  
•  OrbiMed Royalty & Credit Opportunities Access Fund IV, LP 
•  Peak Multifamily Access Fund LP 
•  Peak Multifamily II Access Fund LP 
•  PPB Access Fund – Fortress Credit Opportunities Fund V Expansion LP 
•  PPB HT Tiger Global Long Opportunities
                                        
                                        
                                             Series 
•  PPB Millennium 2021 Access, LP 
•  PPB Millennium 2021 Offshore Access, LP 
•  PPB SLP VII Access Fund, LP 
•  PPB Tiger Global Crossover Access Fund, LP 
•  Prism Jade Fund, LP 
•  RCP VI Access Fund LP 
•  RESLAF Perpetual Fund LP 
•  Shorepoint Income Fund I LP 
•  TA Associates XIV Access Fund 
•  TAD V Access Fund, LP 
•  TBG Alternative Income Solutions 
•  TCG Private Select Partners Fund LP 
•  TCG Private Select Partners II, LP 
•  TCG Private Select Partners III, LP 
•  TCG PSP III (QP) Access Fund, LP 
•  Trailhead Growth, LP 
•  Trailhead Income QP, LP 
•  Trailhead Income, LP 
•  Trailhead Options Income, LP 
•  TrustCore Private Opportunities Fund LP 
•  US Affordable Housing Fund 1 LP 
The  Affiliated Funds are offered to qualified investors in accordance with the terms and 
conditions of each Affiliated Funds’ offering documents. PPB does not provide investment 
supervisory services to the individual Fund.  PPB’s investment supervisory services are limited 
to the management of the Affiliated Funds and each underlying fund is managed by an unaffiliated 
registered investment adviser.  PPB makes the Affiliated Funds available to investors exclusively 
via introductions from such unaffiliated investor’s investment adviser. The  unaffiliated 
investment adviser maintains the initial and ongoing relationship with the investor.   
In performing its services, PPB  is not required to verify any information received from an 
investor or from the investor’s other professionals and is expressly authorized to rely on such 
investor’s representations. Moreover, each investor is advised that it remains their responsibility 
to promptly notify their investment adviser if there is ever any change in financial situation or 
investment  objectives.  Neither  PPB,  nor any  of its  representatives,  serves  as  an  attorney, 
accountant,  or  licensed  insurance  agent,  and  no  portion  of  the  PPB’s  services  should be 
construed as such. To the extent requested by a client, PPB may recommend the services of other 
professionals  such  as  attorneys,  accountants,  insurance  agents,  etc. The client is under no 
obligation to engage the services  of  any  such  recommended  professional.  The  client  retains 
absolute discretion over all such implementation decisions and is free to accept or reject any 
recommendation from the Registrant. If the client engages any such recommended professional, 
and a dispute arises thereafter relative to such engagement, the client agrees to seek recourse 
exclusively from and against the engaged professional.  
As of December 31, 2023, PPB had $2,757,046,556 in assets under management on a non-
discretionary basis.