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 25, 2026.
Team · 53 people
from the firm's websiteWhat they invest in
from 6 of 15 portfolio companiesAdvanced Manufacturing ×4FoodTech ×4Consumer ×2Wellness & Fitness ×2Circular Economy ×1Direct to Consumer ×1New Materials ×1
HQs:United States×1
Investments · 15 tracked
founders shown can be your intro pathePac Flexible Packaging is a custom flexible packaging manufacturer that uses wide-web digital printing to produce stand-up pouches, lay flat pouches, and roll stock for consumer brands across food, snacks, pet treats, and supplements.
Advanced ManufacturingCircular EconomyNew MaterialsDel Mar, US
Actus Nutrition manufactures protein, fat, and functional nutritional ingredients—including whey proteins, milk proteins, casein, and caseinate—and offers custom formulations and private label solutions for food manufacturers in markets such as sports nutrition, healthy snacking, breakfast cereal, and infant and geriatric nutrition.
Advanced ManufacturingFoodTechWellness & Fitness
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.
Custom Flavors develops customized flavor formulations tailored to clients' specific products.
Advanced ManufacturingFoodTech
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.
Orgain makes clean nutrition products, including protein powders and shakes in flavors like chocolate, vanilla, and strawberry.
ConsumerDirect to ConsumerWellness & Fitness
Andrew Abraham(Founder)
Co-investorsDCP CapitalRx3 Growth PartnersACE & Company
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.
Rise Baking Company is a bakery manufacturer and supply partner offering a range of bakery brands and products to business customers across North America.
Advanced ManufacturingFoodTech
Newport News, VA full-service flavor house serving CPG brands and co-manufacturers across beverage, dairy, pharmaceutical, and bakery industries.
The Duckhorn Portfolio is a wine producer focused on grape selection, winemaking, and barrel-aging to make premium wines.
ConsumerFoodTech
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
- How many investments has Butterfly made?
- Butterfly has 15 tracked investments.
- 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.
- Who does Butterfly co-invest with?
- Butterfly most often shares deals with BCI, DCP Capital, Rx3 Growth Partners, among 3 tracked co-investors.
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