# APC Asset Development I, LP

> APC Asset Development I, LP is an SEC-registered investment advisory firm in Newport Beach, CA, registered since 2023, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 328513
- Filed as: APC ASSET DEVELOPMENT I, LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Newport Beach, CA
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/328513
- AdvisorCensus page: https://advisorcensus.com/firm/apc-asset-development-i-lp-newport-beach-ca-328513

## Quick answers

**How is APC Asset Development I, LP compensated?**
On its Form ADV (Item 5.E, October 2026), APC Asset Development I, LP reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is APC Asset Development I, LP located?**
APC Asset Development I, LP's principal office is in Newport Beach, CA, according to its Form ADV.

**Is APC Asset Development I, LP registered with the SEC or a state?**
APC Asset Development I, LP is an SEC-registered investment advisory firm, registered since 2023. Status as filed: Approved. CRD 328513.

**How much does APC Asset Development I, LP manage?**
APC Asset Development I, LP reports $2,250,588,535 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary).

**How have APC Asset Development I, LP's assets and staff changed since 2024?**
In the Form ADV data for APC Asset Development I, LP: Regulatory assets under management: $2,304,772,597 in the October 2024 data and $2,250,588,535 in the October 2026 data, down 2%. Total employees: 38 in October 2024 and 46 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does APC Asset Development I, LP serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (6).

**Does APC Asset Development I, LP report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/328513

**What changed in APC Asset Development I, LP's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 21 to 22.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $2,250,588,535
- Discretionary: $2,250,588,535
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 6 | $2,250,588,535 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2023 (2 years)
- Employees: 46 total, 22 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2024 | $2,304,772,597 | 38 | April 29, 2024 |
| October 2025 | $2,227,416,655 | 42 | March 28, 2025 |
| October 2026 | $2,250,588,535 | 46 | March 30, 2026 |

Regulatory assets under management: $2,304,772,597 in the October 2024 data and $2,250,588,535 in the October 2026 data, down 2%.
Total employees: 38 in October 2024 and 46 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 21 to 22.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. APC Asset Development I, LP (CRD 328513): Form ADV filing data as of October 2026.