Philly Fluff Cake

Preheat the oven to 350 degrees F (175 degrees C). Grease a tube or Bundt pan and set aside.

Beat butter, cream cheese, and shortening together with an electric mixer in a large bowl until light and fluffy, about 5 minutes.

Whisk flour, baking powder, and salt together in a bowl. Beat flour mixture into cream cheese mixture and mix until well combined.

Beat in 1 egg. Add 1/2 cup sugar; mix until combined. Repeat with second egg and remaining sugar; beat in last egg. Beat in vanilla extract. Pour batter into the prepared pan.

Bake in the preheated oven until a toothpick inserted in center comes out clean, 38 to 45 minutes.

Cool in the pan on a wire rack for 15 minutes. Remove cake from pan and cool completely. When cake is completely cool, sift powdered sugar in a thick layer over the whole cake.