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Private equityFirmbuyout · probablemiddle market

Butterfly Equity LP

Private Equity

Beverly Hills, CA

Butterfly Equity is a Los Angeles-based private equity firm investing across the entire food ecosystem: production & inputs, business services, and branded food & beverage. Our team has significant experience across food, private equity and technology and has been involved in investing more than $20 billion of equity capital in companies ranging from growth-stage to Fortune 500 enterprises.

This is the graph view. The full profile, with its team, deals and sources, is on Private Equity.Open the full profile →

Search this name across graphsid dfx:pe:3165260c-8079-45f0-a22d-9984b846ab1d

Data as of Sep 15, 2026 (this record's last observation) from federal regulator filings, firm and issuer disclosures. Page built Sep 21, 2026, 11:22 AM UTC and rebuilt at most every 15 minutes.

Relationships: 92
Dated events: 39
On other graphs: 3
Observed: Sep 13, 2026 to Sep 15, 2026
32 observations

Across DFX

same identity by shared identifier, citation, or a bridge measured by hand

Independent Sponsorsidentity

Butterfly Equity LP

Capital provider to sponsors · cited, shared crd

RIA / Wealth Managementidentity

BUTTERFLY EQUITY LP

Registered adviser · cited, shared crd

Allocatorsidentity

Butterfly Equity LP

Manager with allocator commitments · cited, shared crd

Facts

fact = as filed or announced; derived = computed by DFX; estimate = a band, never a point

Funds: 20
PE funds: 20
Vintages: 2019 to 2024
PE GAV, 2024 filing: $3.6Bgross asset value on Form ADV; never dry powder
Regulatory AUM: $4.0B
Investments: 14
Active investments: 2
Size band: MIDDLE MARKETderivedproxy: $3.58bn Private Equity Fund GAV on the Form ADV filed 2024-04-12
Stated sectors: business_services,food_beverage
Latest ADV filing: Apr 12, 2024
Employees (ADV): 37
Website: butterflyequity.com

Funds

Fund	Vintage	Lifecycle	ADV type	Form D sold	GAV	LPs
Butterfly Nourish Co-Invest, LP	2024	Unknown	Private Equity Fund	n/a	$627M	0
Butterfly Ii-B, LP	2023	Early deployment	Private Equity Fund	n/a	$8.2M	0
Butterfly Dorado Co-Invest, L.P.	2023	Early deployment	Private Equity Fund	n/a	$44.4M	0
RED Admiral Fund LP	2023	Unknown	Private Equity Fund	n/a	$255M	1
Butterfly Whisk Co-Invest, L.P.	2022	Early deployment	Private Equity Fund	n/a	$104M	0
Butterfly Tiger Co-Invest-A, L.P.	2022	Early deployment	Private Equity Fund	n/a	$46.0M	0
Butterfly Tiger Co-Invest, L.P.	2022	Early deployment	Private Equity Fund	n/a	$86.7M	0
Butterfly Whisk Co-Invest-B, L.P.	2022	Early deployment	Private Equity Fund	n/a	$81.4M	0
Butterfly Patriot Co-Invest, L.P.	2022	Early deployment	Private Equity Fund	n/a	$251M	0
Butterfly Whisk Co-Invest-A, L.P.	2022	Early deployment	Private Equity Fund	n/a	$111M	0
Butterfly Fund Iii-A, LP	2021	Active deployment	Private Equity Fund	n/a	$268M	0
Butterfly Fund III, LP	2021	Active deployment	Private Equity Fund	n/a	$212M	0
Butterfly Fighter Co-Invest-A, L.P.	2020	Harvest	Private Equity Fund	n/a	$33.7M	0
Butterfly Fighter (gbv) Co-Invest, L.P.	2020	Harvest	Private Equity Fund	n/a	$27.5M	0
Butterfly Fighter Co-Invest, L.P.	2020	Harvest	Private Equity Fund	n/a	$76.3M	0
Butterfly Fighter (hk) Co-Invest, L.P.	2020	Harvest	Private Equity Fund	n/a	$127M	0
Butterfly Generis Co-Invest, L.P.	2019	Unknown	Private Equity Fund	n/a	$555M	0
Butterfly Fund Ii-A, LP	n/a	Mature	Private Equity Fund	n/a	$271M	0
Large Blue Holdings Be LP	n/a	Unknown	Private Equity Fund	n/a	$34.5M	0
Butterfly Fund II, LP	n/a	Mature	Private Equity Fund	n/a	$358M	1

Investments

Company	State	Role	Control	Invested	Exited	Status
Jimmy's Gourmet Bakery	Nj	Add on	control	Jun 18, 2026	n/a	active
Custom Flavors	n/a	unknown	unknown	n/a	n/a	unknown
ePac Flexible Packaging	n/a	unknown	unknown	n/a	n/a	unknown
The Duckhorn Portfolio	n/a	unknown	unknown	n/a	n/a	unknown
Actus Nutrition	n/a	unknown	unknown	n/a	n/a	unknown
Chosen Foods	n/a	unknown	unknown	n/a	n/a	unknown
MaryRuth Organics	n/a	unknown	unknown	n/a	n/a	unknown
Pete & Gerry's Organics	n/a	unknown	unknown	n/a	n/a	unknown
Orgain	n/a	unknown	unknown	n/a	n/a	unknown
Generous Brands	n/a	unknown	unknown	n/a	n/a	unknown
Bolthouse Fresh Foods	n/a	unknown	unknown	n/a	n/a	unknown
Qdoba	n/a	unknown	unknown	n/a	n/a	unknown
Pacifico Aquaculture	n/a	unknown	unknown	n/a	n/a	unknown
Rise Baking Company	n/a	platform	unknown	n/a	n/a	active

LP commitments

Limited partner	Fund	Commitment	Committed	Vintage
California Public Employees' Retirement System	Butterfly Fund II, LP	$125M	n/a	2022
California Public Employees' Retirement System	RED Admiral Fund LP	$1.2B	n/a	2023

Relationships

showing 80 of 92

Invested in (14)

→ Jimmy's Gourmet BakeryCompanyAdd on
Jun 18, 2026 to presentfactNews and newswire
→ Rise Baking CompanyCompanyplatform
factNews and newswire, The subject's own site
→ QDOBACompanyunknown
factThe subject's own site
→ Pacifico AquacultureCompanyunknown
factThe subject's own site
→ ePac Flexible PackagingCompanyunknown
factThe subject's own site
→ Custom FlavorsCompanyunknown
factThe subject's own site
→ The Duckhorn PortfolioCompanyunknown
factThe subject's own site
→ Actus NutritionCompanyunknown
factThe subject's own site
→ Chosen FoodsCompanyunknown
factThe subject's own site
→ MaryRuth OrganicsCompanyunknown
factThe subject's own site
→ Pete & Gerry's OrganicsCompanyunknown
factThe subject's own site
→ OrgainCompanyunknown
factThe subject's own site
→ Generous BrandsCompanyunknown
factThe subject's own site
→ Bolthouse Fresh FoodsCompanyunknown
factThe subject's own site

Employs (52)

→ Teya GoodPersonStaff Accountant
factThe subject's own site
→ Francesco D’ArcangeloPersonManaging Director, Investment Team
factThe subject's own site
→ Jeff DunnPersonOperating Advisor
factThe subject's own site
→ Hannah EbbersPersonExecutive Assistant
factThe subject's own site
→ Farrin FeinerPersonFund Controller
factThe subject's own site
→ Sarah FossettPersonVice President, Investment Team
factThe subject's own site
→ Shreya GoyalPersonVice President, Finance & Strategy
factThe subject's own site
→ Paige GreenPersonSenior Manager, Transformation Team
factThe subject's own site
→ Robert HansonPersonOperating Advisor
factThe subject's own site
→ Ethan HartPersonAssociate, Investment Team
factThe subject's own site
→ Charles HoffmanPersonCorporate Controller
factThe subject's own site
→ Kelly HolfordPersonProject Manager
factThe subject's own site
→ Jacob KelleyPersonExecutive Assistant, Investor Relations
factThe subject's own site
→ Sanam KhaliliPersonSenior Fund Accountant
factThe subject's own site
→ Jeffrey KuaiPersonAssociate, Investment Team
factThe subject's own site
→ Jessica LeePersonAssociate, Investment Team
factThe subject's own site
→ Jennifer LesserPersonHead of Human Capital
factThe subject's own site
→ Julianna LinPersonFund Controller
factThe subject's own site
→ Elena LopezPersonOperations Manager, Foundation
factThe subject's own site
→ Kylie LowePersonExecutive Assistant
factThe subject's own site
→ Kimberly LuPersonVice President, Capital Formation
factThe subject's own site
→ Alex MaPersonSenior Associate, Investment Team
factThe subject's own site
→ Christian MandrakosPersonVice President, Investment Team
factThe subject's own site
→ Angelina OhPersonAssociate, Capital Formation
factThe subject's own site
→ Nicole O'NeilPersonManaging Director, Transformation Team
factThe subject's own site
→ Emily ParkerPersonExecutive Director, Foundation
factThe subject's own site
→ Melissa PetersonPersonDirector, Office of Adam Waglay, CEO
factThe subject's own site
→ Nick PlattPersonAssociate, Investment Team
factThe subject's own site
→ Charlotte PorterPersonVice President, Transformation Team
factThe subject's own site
→ Joshua PrenticePersonAssociate, Investment Team
factThe subject's own site
and 22 more

Manages (11)

→ Butterfly Fighter (gbv) Co-Invest, L.P.FundPrivate Equity Fund
Mar 25, 2020 to presentfactForm ADV
→ Butterfly Fighter Co-Invest, L.P.FundPrivate Equity Fund
Mar 25, 2020 to presentfactForm ADV
→ Butterfly Fighter Co-Invest-A, L.P.FundPrivate Equity Fund
Mar 25, 2020 to presentfactForm ADV
→ Butterfly Fighter (hk) Co-Invest, L.P.FundPrivate Equity Fund
Mar 25, 2020 to presentfactForm ADV
→ Butterfly Fund Iii-A, LPFundPrivate Equity Fund
Mar 26, 2021 to presentfactForm ADV
→ Butterfly Fund III, LPFundPrivate Equity Fund
Mar 26, 2021 to presentfactForm ADV
→ Butterfly Whisk Co-Invest-B, L.P.FundPrivate Equity Fund
Mar 29, 2022 to presentfactForm ADV
→ Butterfly Tiger Co-Invest, L.P.FundPrivate Equity Fund
Mar 29, 2022 to presentfactForm ADV
→ Butterfly Whisk Co-Invest, L.P.FundPrivate Equity Fund
Mar 29, 2022 to presentfactForm ADV
→ Butterfly Whisk Co-Invest-A, L.P.FundPrivate Equity Fund
Mar 29, 2022 to presentfactForm ADV
→ Butterfly Patriot Co-Invest, L.P.FundPrivate Equity Fund
Mar 29, 2022 to presentfactForm ADV

Dated events

19 bookkeeping events (roster, classification and holdings changes) folded below

Occurred
Jul 22, 2026
Firm news
Butterfly Equity July 22, 2026 Custom Flavors Announces Partnership with Butterfly and Graham
The subject's own siteobserved 6 days ago
Occurred
Jun 18, 2026
Firm news
Butterfly Equity June 18, 2026 Rise Baking Company Enters into Definitive Agreement to Acquire Jimmy's Gourmet Bakery
The subject's own siteobserved 6 days ago
Occurred
May 27, 2026
Firm news
Butterfly Equity May 27, 2026 QDOBA Completes $435 Million Whole Business Securitization to Support Continued Momentum
The subject's own siteobserved 6 days ago
Occurred
May 4, 2026
Firm news
Butterfly Equity May 04, 2026 The Health-Ade acquisition by Generous Brands has been recognized by Mergers and Acquisitions as its 2026 Mid-Market Deal of the Year
The subject's own siteobserved 6 days ago
Occurred
Feb 25, 2026
Firm news
Butterfly Equity February 25, 2026 Butterfly Equity targets fast-growing flexible packaging category with ePac acquisition
The subject's own siteobserved 6 days ago
Occurred
Jan 15, 2026
Firm news
Butterfly Equity January 15, 2026 Butterfly Equity acquires ePac
The subject's own siteobserved 6 days ago
Occurred
Jan 15, 2026
Firm news
Butterfly Equity January 15, 2026 Butterfly Acquires ePac Flexible Packaging, the Leader in Digitally Printed Flexible Packaging
The subject's own siteobserved 6 days ago
Occurred
Aug 5, 2025
Firm news
Butterfly Equity August 05, 2025 Butterfly Closes $527 Million Continuation Fund to Accelerate Growth for QDOBA
The subject's own siteobserved 6 days ago
Occurred
Jul 22, 2025
Firm news
Butterfly Equity July 22, 2025 Generous Brands to Acquire Health-Ade Kombucha, Doubling Down on Premium, High-Growth Functional Beverages
The subject's own siteobserved 6 days ago
Occurred
Jan 7, 2025
Firm news
Butterfly Equity January 07, 2025 Former Constellation Brands Executive Robert Hanson Appointed CEO of The Duckhorn Portfolio Following Completion of $1.95 Billion Transaction with Butterfly
The subject's own siteobserved 6 days ago
Occurred
Jan 7, 2025
Firm news
Butterfly Equity January 07, 2025 Butterfly Acquires Duckhorn for $1.95B
The subject's own siteobserved 6 days ago
Occurred
Aug 15, 2024
Firm news
Axios August 15, 2024 Exclusive: PE firm Butterfly sells most of MaryRuth Organics stake to founder
The subject's own siteobserved 6 days ago
Occurred
Aug 15, 2024
Firm news
Butterfly Equity August 15, 2024 Butterfly Closes Sale of Stake in MaryRuth Organics Transaction represents a successful exit, resulting in significant equity value for the founder and Butterfly’s investors
The subject's own siteobserved 6 days ago
Occurred
May 8, 2024
Firm news
Axios May 08, 2024 Post Bolthouse split, Generous Brands aims to acquire
The subject's own siteobserved 6 days ago
Occurred
May 6, 2024
Firm news
Bolthouse Farms May 06, 2024 Butterfly Equity is splitting Bolthouse Farms into two standalone companies The separation is being facilitated by way of separate debt recapitalizations of each business.
The subject's own siteobserved 6 days ago
Occurred
Mar 1, 2024
Person joined
Peter Hsu Chung Tang joined Schedule A of Butterfly Equity LP as Chief Financial Officer, Chief Compliance Officer And Managing Director
Form ADVobserved 7 days ago
Occurred
Mar 30, 2023
Person left
Nestor Ivan Olmo (Chief Financial Officer, Chief Compliance Officer) no longer on Schedule A of Butterfly Equity LP
Form ADVobserved 7 days ago
Occurred
Jul 1, 2019
Person joined
Nestor Ivan Olmo joined Schedule A of Butterfly Equity LP as Chief Financial Officer, Chief Compliance Officer
Form ADVobserved 7 days ago
Occurred
Jun 17, 2019
Person left
Francis Christian Russell (Chief Compliance Officer) no longer on Schedule A of Butterfly Equity LP
Form ADVobserved 7 days ago
Occurred
Jun 27, 2018
Adviser first adv filing
Butterfly Equity LP first filed Form ADV in the extract (IA)
Form ADVobserved 7 days ago

Show 19 bookkeeping events

Occurred
Apr 16, 2026
Butterfly Equity LP: Private Equity Funds on Form ADV 20 (2024 extract) -> 19 (roster 2026-09-01)
Occurred
Mar 26, 2024
Butterfly Nourish Co-Invest, LP first reported on Form ADV by Butterfly Equity LP (Private Equity Fund), GAV $626,881,910
Occurred
Mar 30, 2023
Butterfly Dorado Co-Invest, L.P. first reported on Form ADV by Butterfly Equity LP (Private Equity Fund), GAV $35,500,000
Occurred
Mar 30, 2023
RED Admiral Fund LP first reported on Form ADV by Butterfly Equity LP (Private Equity Fund)
Occurred
Mar 30, 2023
Butterfly Ii-B, LP first reported on Form ADV by Butterfly Equity LP (Private Equity Fund), GAV $5,191,841
Occurred
Mar 29, 2022
Butterfly Whisk Co-Invest, L.P. first reported on Form ADV by Butterfly Equity LP (Private Equity Fund), GAV $83,096,073
Occurred
Mar 29, 2022
Butterfly Whisk Co-Invest-B, L.P. first reported on Form ADV by Butterfly Equity LP (Private Equity Fund), GAV $64,997,932
Occurred
Mar 29, 2022
Butterfly Tiger Co-Invest, L.P. first reported on Form ADV by Butterfly Equity LP (Private Equity Fund), GAV $53,448,154
Occurred
Mar 29, 2022
Butterfly Whisk Co-Invest-A, L.P. first reported on Form ADV by Butterfly Equity LP (Private Equity Fund), GAV $88,271,947
Occurred
Mar 29, 2022
Butterfly Patriot Co-Invest, L.P. first reported on Form ADV by Butterfly Equity LP (Private Equity Fund), GAV $165,546,822
Occurred
Mar 29, 2022
Butterfly Tiger Co-Invest-A, L.P. first reported on Form ADV by Butterfly Equity LP (Private Equity Fund), GAV $29,984,601
Occurred
Mar 26, 2021
Butterfly Fund III, LP first reported on Form ADV by Butterfly Equity LP (Private Equity Fund), GAV $5,839,431
Occurred
Mar 26, 2021
Butterfly Fund Iii-A, LP first reported on Form ADV by Butterfly Equity LP (Private Equity Fund), GAV $46,695,503
Occurred
Mar 25, 2020
Butterfly Fighter (gbv) Co-Invest, L.P. first reported on Form ADV by Butterfly Equity LP (Private Equity Fund), GAV $18,393,183
Occurred
Mar 25, 2020
Butterfly Fighter (hk) Co-Invest, L.P. first reported on Form ADV by Butterfly Equity LP (Private Equity Fund), GAV $85,000,000
Occurred
Mar 25, 2020
Butterfly Fighter Co-Invest-A, L.P. first reported on Form ADV by Butterfly Equity LP (Private Equity Fund), GAV $22,535,829
Occurred
Mar 25, 2020
Butterfly Fighter Co-Invest, L.P. first reported on Form ADV by Butterfly Equity LP (Private Equity Fund), GAV $47,979,135
Occurred
Jul 16, 2019
Butterfly Generis Co-Invest, L.P. first reported on Form ADV by Butterfly Equity LP (Private Equity Fund), GAV $318,583,676
Occurred
Jun 27, 2018
Butterfly Fund II, LP first reported on Form ADV by Butterfly Equity LP (Private Equity Fund), GAV $125,334,123

Who to call

the organisation, the role and the published line, with the filing or website that published it; revealed to signed-in accounts

The firm's published line

Revealable: 1 business phone (Form ADV), 1 office address (Form ADV), 1 website (Form ADV) · as of 2026-09-13

Teya Good
Staff Accountant · Revealable: 1 professional profile (firm website)
Francesco D’Arcangelo
Managing Director, Investment Team · Revealable: 1 professional profile (firm website)
Jeff Dunn
Operating Advisor · Revealable: 1 professional profile (firm website)
Hannah Ebbers
Executive Assistant · Revealable: 1 professional profile (firm website)
Farrin Feiner
Fund Controller · Revealable: 1 professional profile (firm website)
Sarah Fossett
Vice President, Investment Team · Revealable: 1 professional profile (firm website)
Shreya Goyal
Vice President, Finance & Strategy · Revealable: 1 professional profile (firm website)
Paige Green
Senior Manager, Transformation Team · Revealable: 1 professional profile (firm website)
Robert Hanson
Operating Advisor · Revealable: 1 professional profile (firm website)
Ethan Hart
Associate, Investment Team · Revealable: 1 professional profile (firm website)
Charles Hoffman
Corporate Controller · Revealable: 1 professional profile (firm website)
Kelly Holford
Project Manager · Revealable: 1 professional profile (firm website)
Jacob Kelley
Executive Assistant, Investor Relations · Revealable: 1 professional profile (firm website)
Sanam Khalili
Senior Fund Accountant · Revealable: 1 professional profile (firm website)
Jeffrey Kuai
Associate, Investment Team · Revealable: 1 professional profile (firm website)
Jessica Lee
Associate, Investment Team · Revealable: 1 professional profile (firm website)
Jennifer Lesser
Head of Human Capital · Revealable: 1 professional profile (firm website)
Julianna Lin
Fund Controller · Revealable: 1 professional profile (firm website)
Elena Lopez
Operations Manager, Foundation · Revealable: 1 professional profile (firm website)
Kylie Lowe
Executive Assistant · Revealable: 1 professional profile (firm website)
Kimberly Lu
Vice President, Capital Formation · Revealable: 1 professional profile (firm website)
Alex Ma
Senior Associate, Investment Team · Revealable: 1 professional profile (firm website)
Christian Mandrakos
Vice President, Investment Team · Revealable: 1 professional profile (firm website)
Angelina Oh
Associate, Capital Formation · Revealable: 1 professional profile (firm website)
Nicole O'Neil
Managing Director, Transformation Team · Revealable: 1 professional profile (firm website)
Emily Parker
Executive Director, Foundation · Revealable: 1 professional profile (firm website)
Melissa Peterson
Director, Office of Adam Waglay, CEO · Revealable: 1 professional profile (firm website)
Nick Platt
Associate, Investment Team · Revealable: 1 professional profile (firm website)
Charlotte Porter
Vice President, Transformation Team · Revealable: 1 professional profile (firm website)
Joshua Prentice
Associate, Investment Team · Revealable: 1 professional profile (firm website)
Wayne Sales
Operating Advisor · Revealable: 1 professional profile (firm website)
Meredith Sandland
Operating Advisor · Revealable: 1 professional profile (firm website)
Kelly Shen
Associate, Transformation Team · Revealable: 1 professional profile (firm website)
Lauren Singer
Associate, Transformation Team · Revealable: 1 professional profile (firm website)
Matt Stewart
Vice President, Transformation Team · Revealable: 1 professional profile (firm website)
Eric Tommarello
Managing Director, Investment Team · Revealable: 1 professional profile (firm website)
Karlie VanHouten
Senior Associate, Investment Team · Revealable: 1 professional profile (firm website)
TJ Walsh
Senior Manager, Transformation Team · Revealable: 1 professional profile (firm website)
Kate Walker
Executive Assistant · Revealable: 1 professional profile (firm website)
Adam Siddiq Waglay
Member · Revealable: 1 professional profile (firm website)

Who to call is the organisation, the person's role and the line they published themselves: a business phone, office address, website or profile link from Form ADV, Form 13F or their own website, with that source named on every value. The counts above are what a reveal returns; a personal email is rarely published, so most reveals are the firm's line. Never data bought from a provider, never anything personal. Reveals by plan

Provenance

Graph: Private Equity
Canonical id: dfx:pe:3165260c-8079-45f0-a22d-9984b846ab1d
First observed: Sep 13, 2026
Last observed: Sep 15, 2026 6 days ago
Source families: Federal regulator filings, Firm and issuer disclosures
3 registered feeds stand behind this record; each fact above carries its own dates and, where the publisher serves one, its document.
Resolution: Identity across graphs by shared identifier (CRD, CIK, EIN, ADV fund id, individual CRD) or citation; a name match is shown as a candidate and never merged.

Butterfly Equity LP

Private Equity

Beverly Hills, CA

This is the graph view. The full profile, with its team, deals and sources, is on Private Equity.Open the full profile →

Search this name across graphsid dfx:pe:3165260c-8079-45f0-a22d-9984b846ab1d

Data as of Sep 15, 2026 (this record's last observation) from federal regulator filings, firm and issuer disclosures. Page built Sep 21, 2026, 11:22 AM UTC and rebuilt at most every 15 minutes.