Butterfly Equity LP (Beverly Hills)

Name: Butterfly Equity LP
Address: 9595 Wilshire Blvd, Suite 510, Beverly Hills, CA, 90212
Telephone: 310-409-4994

Butterfly Equity LP is a large advisory firm based in Beverly Hills. It manages $863.31 million of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdiction of California.

Butterfly Equity provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Butterfly Equity: assets under management

The assets under management (AUM) of Butterfly Equity LP is $863.31 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 234% since the beginning of its operation, and $516.03 million of the total AUM is attributable to clients outside of the United States.

The firm manages $863.31 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $215.83 million each.

Butterfly Equity has custody of $610.72 million in cash and securities for 4 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Butterfly Equity LP for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Butterfly Equity serves?

The only and largest group of clients of Butterfly Equity is pooled investment vehicles with 4 clients and $863.31 million of assets under management. Among the 11 most similar advisory firms, Butterfly Equity has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $863.31 million for 4 clients. 50% of the firm’s clients are foreign persons or businesses.

Butterfly Equity also advises several private funds. Namely, four private equity funds. The minimum investment commitment required of non-related persons is $25,000 for each fund.

Careers at Butterfly Equity LP

The company employs 10 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Butterfly Equity Llc	General partner	1 Oct 2015	Other	91-1773947
Dustin Michael Beck	Partner and co-ceo	1 Oct 2015	50% - 75%	4973955
Adam Siddiq Waglay	Partner and co-ceo	1 Oct 2015	50% - 75%	4691035
Ltd. Butterfly Ugp Ii	General partner, butterfly capital ii gp, lp	1 Sep 2016	75% - 100%	98-1326213
Francis Christian Russell	Chief compliance officer	1 Jun 2018	Other	6959899
Nestor Ivan Olmo	Chief financial officer, chief compliance officer	1 Jul 2019	Other	7154891

Based in Beverly Hills

The principal office where Butterfly Equity LP performs its advisory services is located at 9595 Wilshire Blvd, Suite 510, Beverly Hills, CA 90212, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 310-409-4994. The normal business hours are 9:00 a.m to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at instagram.com/butterflyequity/.