Butterfly Equity Lp
SEC-registered
Private Fund Manager · Mid-sized ($1B–$10B)
CRD 284667
· SEC file 801-113713
· Beverly Hills, CA
· www.bfly.com
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ADV data as of Apr 16, 2026
- Regulatory AUM
- $7.1B
- Discretionary
- $7.1B
- Clients
- 23
- Avg AUM / client
- $308M
- Accounts
- 23
- Employees
- 36
AUM over time
$258M
$7.1B
Jun 2018
Dec 2025
Annual snapshots from Form ADV filings · as of Apr 16, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 23 | $7.1B | 100.0% |
Private funds (20)
View all →Reported in Form ADV Section 7.B.(1), filing of Apr 2024 · $3.6B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Butterfly Nourish Co Invest, Lp | Private Equity Fund | Delaware | $627M | 48 |
| Butterfly Generis Co Invest, L.P. | Private Equity Fund | Delaware | $555M | 45 |
| Butterfly I, Lp | Private Equity Fund | Cayman Islands | $358M | 71 |
| Butterfly I A, Lp | Private Equity Fund | Cayman Islands | $271M | 9 |
| Butterfly Ii A, Lp | Private Equity Fund | Delaware | $268M | 28 |
| Red Admiral Fund Lp | Private Equity Fund | Delaware | $255M | 2 |
| Butterfly Patriot Co Invest, L.P. | Private Equity Fund | Delaware | $251M | 17 |
| Butterfly Ii, Lp | Private Equity Fund | Delaware | $212M | 68 |
| Butterfly Fighter (Hk) Co Invest, L.P. | Private Equity Fund | Delaware | $127M | 2 |
| Butterfly Whisk Co Invest A, L.P. | Private Equity Fund | Delaware | $111M | 18 |
| Butterfly Whisk Co Invest, L.P. | Private Equity Fund | Delaware | $104M | 12 |
| Butterfly Tiger Co Invest, L.P. | Private Equity Fund | Delaware | $86.7M | 6 |
| Butterfly Whisk Co Invest B, L.P. | Private Equity Fund | Delaware | $81.4M | 1 |
| Butterfly Fighter Co Invest, L.P. | Private Equity Fund | Delaware | $76.3M | 12 |
| Butterfly Tiger Co Invest A, L.P. | Private Equity Fund | Delaware | $46.0M | 3 |
People (3)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Beck, Dustin, Michael | Partner, And Co Ceo | Oct 2015 (11y) | 50% – 75% | |
| Waglay, Adam, Siddiq | Partner And Co Ceo | Oct 2015 (11y) | 50% – 75% | |
| Tang, Peter, Hsu Chung | Chief Financial Officer, Chief Compliance Officer And Managing Director | Mar 2024 (2y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Butterfly Equity Llc | General Partner | Oct 2015 | A | Less than 5% |
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (20, $3.6B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Butterfly Nourish Co Invest, Lp | Private Equity Fund | $627M | $25.0K | 48 |
| Butterfly Generis Co Invest, L.P. | Private Equity Fund | $555M | $25.0K | 45 |
| Butterfly I, Lp | Private Equity Fund | $358M | $25.0K | 71 |
| Butterfly I A, Lp | Private Equity Fund | $271M | $25.0K | 9 |
| Butterfly Ii A, Lp | Private Equity Fund | $268M | $25.0K | 28 |
| Red Admiral Fund Lp | Private Equity Fund | $255M | $25.0K | 2 |
| Butterfly Patriot Co Invest, L.P. | Private Equity Fund | $251M | $25.0K | 17 |
| Butterfly Ii, Lp | Private Equity Fund | $212M | $25.0K | 68 |
| Butterfly Fighter (Hk) Co Invest, L.P. | Private Equity Fund | $127M | $25.0K | 2 |
| Butterfly Whisk Co Invest A, L.P. | Private Equity Fund | $111M | $25.0K | 18 |
| Butterfly Whisk Co Invest, L.P. | Private Equity Fund | $104M | $25.0K | 12 |
| Butterfly Tiger Co Invest, L.P. | Private Equity Fund | $86.7M | $25.0K | 6 |
| Butterfly Whisk Co Invest B, L.P. | Private Equity Fund | $81.4M | $25.0K | 1 |
| Butterfly Fighter Co Invest, L.P. | Private Equity Fund | $76.3M | $25.0K | 12 |
| Butterfly Tiger Co Invest A, L.P. | Private Equity Fund | $46.0M | $25.0K | 3 |
| Butterfly Dorado Co Invest, L.P. | Private Equity Fund | $44.4M | $25.0K | 4 |
| Large Blue Holdings Be Lp | Private Equity Fund | $34.5M | $25.0K | 45 |
| Butterfly Fighter Co Invest A, L.P. | Private Equity Fund | $33.7M | $25.0K | 4 |
| Butterfly Fighter (Gbv) Co Invest, L.P. | Private Equity Fund | $27.5M | $25.0K | 1 |
| Butterfly Ii B, Lp | Private Equity Fund | $8.2M | $25.0K | 2 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 04/16/2026 | 5.33 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
Custody
Firm reports having custody of client funds or securities (Item 9.A).
No custodian data reported or mined yet.
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Apr 16, 2026.
View current Form ADV (SEC/IAPD) ↗