Gary Shields, CFA
Trust. Growth. Experience.
Gary has three decades of success as a venture capitalist / private equity investor, board member, investment banker, and C-level executive who has participated in dozens of transactions that achieved optimal value for regional, national and multinational companies. He has held senior technology and healthcare-focused investment/investment banking positions with leading firms in New York, San Francisco, Chicago, and San Diego.
Gary founded Avtech Ventures, one of San Diego's largest venture capital firms. He has led direct investments in more than 40 institutional backed companies and personally held board positions at more than 15. He has played critical roles guiding the portfolio companies toward successful financings and exits including mergers and acquisitions (M&A), strategic partnerships, and capital formation at all stages from startup through IPO and sale.
He co-founded Flemming Lessard & Shields, a leading Southern California-headquartered investment bank with offices in San Diego and San Francisco, where he led M&A and capital formation assignments for leading regional, national and multinational companies.
He was Senior VP Corporate Finance and Development and early investor at Integrated Medical Systems, one of the most successful companies in the healthcare information industry, where he negotiated a major strategic alliance with McKesson Corp and then, while leading the company's IPO process, negotiated a very successful all-cash sale of the company to Eli Lilly.
Before moving to San Diego Gary held senior technology investment banking and research positions at LF Rothschild in New York, and Robertson Stephens in New York and San Francisco. He was a partner at Technological Investors, a leading New York City firm investing in public and private technology and medical companies. Early in his career, he headed one of the largest US finance groups for Paris based Credit Lyonnais where he led dozens of transactions totaling billions of dollars for the firm's Fortune 500 multinational clients. He is a Chartered Financial Analyst (CFA) charter holder and holds Series 79 and 63 securities licenses. He was a McMicken Scholar at the University of Cincinnati where he received his BA with honors and was awarded a Georgetown Fellowship to attend the MSFS program at Georgetown University. Additionally, he holds two patents in the field of advanced optics technology and is a multi-engine instrument-rated pilot.