BUTTERFLY EQUITY LP
BUTTERFLY EQUITY LP is a Seed, Series C+ and buyout fund in the US writing $100M+ checks into agriculture-aquaculture, food-beverage-products, food-distribution, foodservice, agriculture-and-aquaculture and food-and-beverage-products.
- Stages
- Seed, Series C+, buyout
- Sectors
- agriculture-aquaculture, food-beverage-products, food-distribution, foodservice, agriculture-and-aquaculture, food-and-beverage-products
- Check size
- $100M+
- Invests in
- US-wide
- Actively investing
- Yes
- Founded
- 2016
- Assets under management
- $7.08B
- Website
- bfly.com
Thesis
Butterfly Equity LP is a Los Angeles-based private equity firm founded in 2016, with a specialized focus on the food sector, encompassing the entire value chain from 'seed to fork.' The firm targets four key verticals: agriculture & aquaculture, food & beverage products, food distribution, and foodservice. Their investment strategy is driven by secular growth tailwinds, potential for returns on capital, and significant operational improvement opportunities within the food industry. Butterfly primarily seeks control investments, aiming to be the lead or co-lead investor, but will consider minority positions. While their investment ceiling is described as 'limitless' for category leaders, they have a minimum investment of $100 million for buy-out opportunities. The firm emphasizes an operations-focused approach, utilizing a disciplined use of leverage, typically targeting sub-three times debt-to-EBITDA at acquisition. As of December 31, 2025, Butterfly Equity managed approximately $7.08 billion in client assets. The firm is also a certified B Corporation, indicating a commitment to balancing profit with positive societal and environmental impact.
Common questions
Does BUTTERFLY EQUITY LP invest at the Seed stage?
Yes. BUTTERFLY EQUITY LP lists Seed, Series C+ and buyout among the stages it invests in.
What check size does BUTTERFLY EQUITY LP write?
BUTTERFLY EQUITY LP writes $100M+ checks.
Where does BUTTERFLY EQUITY LP invest?
BUTTERFLY EQUITY LP invests in the US.