Butterfly Equity Bolsters Leadership with Addition of Vishal Patel as Partner

Los Angeles, California – Butterfly, a leading private equity firm specializing in the food sector, is thrilled to announce the appointment of Vishal Patel as Partner. Patel brings over 15 years of experience and joins Butterfly's team of industry experts to continue driving growth and success in the firm's investment endeavors.

With a strong background in private equity and a deep understanding of the food industry, Patel is well-equipped to contribute to Butterfly's investment strategy. His extensive portfolio includes more than a dozen investments, totaling over $10 billion in invested equity. Previously serving as Managing Director at KKR, Patel played a key role in leading private equity investments across the consumer and healthcare verticals.

In his new role at Butterfly, Patel will work closely with the firm's leadership team in identifying and executing new investment opportunities. Additionally, he will support the existing portfolio of companies and serve as a vital member of Butterfly's Investment Committee. Patel's expertise and insights will help drive investment deployment, strategy, and fund performance, ensuring optimal outcomes for investors.

The co-founders and co-CEOs of Butterfly, Adam Waglay and Dustin Beck, expressed their excitement about Patel joining the team. Having previously worked together at KKR, Waglay and Beck have witnessed Patel's investment approach firsthand and are confident in his ability to contribute to Butterfly's success.

Waglay stated, "We believe he will be an immense asset to the firm as we continue positioning Butterfly as the leading investment firm in food, and I am personally thrilled to be working with him again after all these years." Beck added, "His work in the space has been immensely successful, and our investment team will benefit from his prior accomplishments and body of work at KKR. Equally important is how culturally aligned Vishal is with Butterfly's mission and purpose."

Patel's experience spans various segments of the food industry, including branded goods, business services, and multi-site businesses like US Foods (NYSE: USFD), Upfield, and Cardenas Markets. He is excited to bring his passion for investing in food to Butterfly and looks forward to driving results for the firm's investors.

"While many firms have consumer investment teams, very few specialize in a specific sector the way Butterfly has with food," said Vishal Patel. "There is so much opportunity in this largely untapped and growing sector, and I look forward to bringing my passion for investing in food to the Butterfly team and, together, driving results for our investors."

Butterfly Equity, headquartered in Los Angeles, California, is a private equity firm that focuses on the food sector. The firm manages nearly $5 billion in assets and has a comprehensive approach to investing, spanning the entire food value chain. Their target verticals include agriculture and aquaculture, food and beverage products, food distribution, and foodservice.

By leveraging their deep industry specialization and an operations-focused, technology-driven approach to value creation, Butterfly aims to generate attractive investment returns. Their systematic approach to sourcing transactions ensures they identify promising opportunities, leading to successful investments.

To learn more about Butterfly Equity and their investment approach, please visit their website at www.bfly.com.

In conclusion, Butterfly Equity is poised to reach new heights with the addition of Vishal Patel as Partner. With his extensive experience and industry knowledge, Patel will play a crucial role in driving the firm's investment strategy and further solidifying Butterfly's position as a leader in food sector investing. Investors can expect continued success as Butterfly leverages its expertise and focused approach to create value in the dynamic food industry.