Butterfly has announced the promotion of Peter Tang to the position of Chief Financial Officer. This new role is in addition to his current responsibilities as Managing Director. As the CFO, Peter now oversees all financial activities within the firm and plays a significant role in leading Butterfly’s strategic growth initiatives. In addition to his CFO role, Peter will also be appointed to the board of the Butterfly Equity Foundation.
Butterfly Equity, headquartered in Los Angeles, California, is a private equity firm specializing in the food sector. Butterfly currently manages nearly $5 billion in assets and aims to deliver attractive investment returns.
Peter has been a member of the Butterfly team since 2016, serving as 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. Before joining Butterfly, Peter worked at KKR as an investor on the Consumer Retail Private Equity team.
The Co-Founders and Co-CEOs of Butterfly, Adam Waglay and Dustin Beck expressed their excitement about Peter’s promotion to CFO and emphasized his integral role in the firm’s success since its inception. They highlighted Peter’s strong financial acumen, extensive private equity experience, and deep commitment to the firm, making him the ideal candidate for this leadership role. They look forward to working closely with Peter in his new capacity to further advance Butterfly’s growth and impact in the private equity food sector.
Peter Tang expressed his enthusiasm for the new role and his seven-year journey working with Butterfly’s dedicated colleagues. He is eager to take on the responsibilities of his new position and contribute to building Butterfly as a leading private equity firm in the food sector. Peter is optimistic about the bright future of Butterfly and is committed to accelerating its growth trajectory in the years to come.
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