Butterfly Promotes Peter Tang to Chief Financial Officer

Butterfly, a Los Angeles-based private equity firm specializing in the food sector, recently announced the promotion of Peter Tang to Chief Financial Officer (CFO) in addition to his current role as Managing Director. As CFO, Peter will oversee all aspects of the firm's financial activities and play a vital role in leading Butterfly's strategic and growth initiatives. Peter will also be appointed to the board of the Butterfly Equity Foundation.

Peter has been with Butterfly since 2016 and was one of the first members of the Investment Team. He has played a crucial role in several of Butterfly's investments, including Bolthouse Farms, Pacifico Aquaculture, and Pete and Gerry's. Prior to joining Butterfly, Peter worked at KKR as an investor on the Consumer Retail Private Equity team.

The promotion of Peter Tang to CFO is a significant milestone for Butterfly. Adam Waglay and Dustin Beck, Butterfly's Co-Founders and Co-CEOs, expressed their excitement about Peter's promotion, stating, "Peter has been an integral part of Butterfly's success since our founding. His exceptional financial acumen, coupled with his deep experience in private equity and strong commitment to the firm, make him the ideal candidate as the newest member of our leadership team. We look forward to working alongside Peter to transform and expand Butterfly's scale and impact."

Peter Tang expressed his gratitude for the opportunity, saying, "It has been a privilege working with Adam, Dustin, and our talented colleagues over the past seven years. I am excited to take on my new role and play my part in continuing to build the preeminent private equity firm in the food sector. The future of Butterfly is incredibly bright, and I look forward to helping accelerate our growth trajectory in the years ahead."

About Butterfly

Butterfly Equity, based in Los Angeles, California, is a private equity firm specializing in the food sector. The firm covers the entire food value chain, from "seed to fork," through four key segments: upstream & processing, industry enablers, multi-site, and branded goods. With nearly $5 billion of assets under management, Butterfly aims to generate attractive investment returns through deep industry specialization, a disciplined and data-driven investment process, and a hands-on approach to portfolio transformation.

For more information about Butterfly, please visit their website at www.bfly.com.