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Private company

Butterfly Equity

American private equity company

Butterfly Equity LP is an American private equity company based in Beverly Hills, California co-founded by Dustin Beck. Butterfly specializes in food investments, and is the owner of Qdoba, Bolthouse Farms, and Chosen Foods.2 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

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Butterfly Equity LP is an American private equity company based in Beverly Hills, California co-founded by Dustin Beck. Butterfly specializes in food investments, and is the owner of Qdoba, Bolthouse Farms, and Chosen Foods.2

Corporate structure

Butterfly Equity sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Butterfly Equity

  • Adam Siddiq Waglay Owns 75% or more of Butterfly Equity, since 10/2015 (Form ADV)

Built from subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G; owners and owned firms from Form ADV, the registration investment advisers file with the SEC. Each entity in the chart links to its source.

Investment adviser

Butterfly Equity is registered with the SEC as an investment adviser. This is what it reports on Form ADV, the registration every adviser files and keeps current.

  • Assets it manages$7.1B3 23 accounts, all with discretion
  • Employees36 21 in investment advice or research
  • ClientsPooled investment vehicles (other than investment companies and: 23 ($7.1B)
  • How it is paidA percentage of assets under its management; Performance-based fees
  • What it doesPortfolio management for pooled investment vehicles (other than investment companies)
  • Holds client assetsYes: cash and securities
  • RegistrationSEC 801-113713, CRD 284667 IAPD record

Who owns it

Owners of 5% or more as the firm lists them (Schedule A), and the owners of those owners up the chain (Schedule B).

  • Adam Siddiq Waglayowns 75% or more, since 10/2015
  • Adam Siddiq Waglayowns 75% or more of BUTTERFLY EQUITY LLC, since 10/2015

What it owns

What Butterfly Equity reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Stakes and holdings (Wikidata)

Things Wikidata records the company as owning, with the share when stated.1

Subsidiaries and ownership

Also owns

From Wikidata.1

Sources

The numbers on this page point here. Each one links to the record it came from.

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