Butterfly
Private equityBeverly Hills · Growth–Late Stage · 53 people tracked
Also known as Butterfly Equity Lp
Investment thesis
Butterfly Equity is an investment firm with experience across food, private equity and technology, having invested more than $20 billion of equity capital in companies ranging from growth-stage to Fortune 500 enterprises.
Source: firm website, verified Aug 6, 2026.
Team · 53 people
from the firm's websiteInvestments · 15 tracked
founders shown can be your intro pathEden Prairie, MN vertically integrated ingredient manufacturer turning raw dairy into functional nutrition ingredients; largest producer of whey protein isolate in the world.
Bakersfield, CA vertically integrated produce company with a leading position in carrot products; founded 1915.
Avocado oil-based products brand offering oils, sprays, mayos, dressings, and sauces; America's #1 avocado oil brand.
San Clemente, CA developer and manufacturer of premium liquid and powdered flavors for nutrition, nutraceutical, functional food & beverage, and snack industries.
World's largest networked flexible packaging provider for CPG brands, operating a tech-enabled platform across 14 facilities in the U.S. and Canada.
Beverage and nutrition company home to Bolthouse Farms, Evolution Fresh, Health-Ade, and a SAMBAZON joint venture.
Los Angeles-based vitamins, minerals, and supplements brand offering organic and vegan nutritional supplements for the whole family.
Irvine, CA producer of organic, clean nutrition products founded by physician Dr.
Ensenada, Baja California producer of ocean-raised premium striped bass; a leader in sustainable aquaculture.
New Hampshire-based #1 premium egg producer in the U.S. by volume, with humane and B Corp certifications.
Fast-casual Mexican restaurant chain with over 800 locations across the U.S., Canada, Puerto Rico, Japan, and South Korea.
Minneapolis-based bakery co-manufacturer serving national retailers' in-store bakery departments and foodservice operators across North America.
Newport News, VA full-service flavor house serving CPG brands and co-manufacturers across beverage, dairy, pharmaceutical, and bakery industries.
North America's premier luxury wine company with eleven wineries and over 2,200 acres of vineyards.
Fund performance · per public LP disclosures · 2
as of Jun 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Butterfly II, LPLPs: California Public Employees' Retirement System | 2022 | — | 13.8% | 1.27x | 0.32x |
| Butterfly Fund II, LPLPs: Texas Municipal Retirement System | — | — | 16.3% | 1.73x | 0.71x |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- What stage does Butterfly invest at?
- Butterfly invests at the Growth, Late Stage stages.
- What sectors does Butterfly focus on?
- Butterfly focuses on FoodTech.
- Where is Butterfly located?
- Butterfly is headquartered in Beverly Hills, US.
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