In a mixing bowl, cream the butter, heavy cream and cream cheese until light and fluffy with a stand mixer or hand mixer.
Add the powdered sugar 1/2 a cup at a time. After each cup has been incorporated, turn the mixer onto the highest speed setting and for about 10 seconds to lighten the frosting.
Add in vanilla extract and beat until light and fluffy.
Nutritional information provided for this recipe is based on 1 serving. This information is an estimate and may vary based on several factors. If nutritional information is important to you and your diet, please verify this recipe with a Registered Dietitian.