Butterfly Equity

Butterfly Equity is a private equity manager in Beverly Hills, CA. It is registered with the SEC as an investment adviser with $7.1B in regulatory assets and 36 staff. It has 9 funds on file, the latest reported in July 2026.

Funds on file
9
Raised, all funds
$736.3M
Regulatory assets
$7.1B
Staff
36
Pension investors
2
See the adviser's own filing →

Latest fund filing

Funds

DateFundTypeRaisedTarget
Jul 2026 Butterfly III-A, LP Private equity $0 Not given
Jul 2026 Butterfly III, LP Private equity $0 Not given
Nov 2021 Butterfly Fund III-A, LP Private equity $494M Not given
Nov 2021 Butterfly Fund III, LP Private equity $242.3M Not given

Adviser record

RegistrationRegistered with the SEC as an investment adviser.
Regulatory assets$7.1B
Employees36
Clients23 private funds.
Control personsDustin, Michael Beck, Peter, Hsu Chung Tang, Adam, Siddiq Waglay.
Private funds20 private funds holding $3.6B in gross assets.

Private funds it reports

FundTypeGross assets
Butterfly Nourish Co-invest Private equity $626.9M
Butterfly Generis Co-invest Private equity $554.7M
Butterfly I Private equity $357.6M
Butterfly I-A Private equity $270.6M
Butterfly Ii-a Private equity $267.8M
Red Admiral Fund Private equity $255.5M
Butterfly Patriot Co-invest Private equity $250.8M
Butterfly II Private equity $212.1M
Butterfly Fighter (HK) Co-invest Private equity $127.4M
Butterfly Whisk Co-invest-a Private equity $110.6M
Butterfly Whisk Co-invest Private equity $104.1M
Butterfly Tiger Co-invest Private equity $86.7M
Butterfly Whisk Co-invest-b Private equity $81.4M
Butterfly Fighter Co-invest Private equity $76.3M
Butterfly Tiger Co-invest-a Private equity $46M