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Avalon Capital Group
Ted Waitt established Avalon Capital Group in 1993. The firm serves as the primary investment vehicle for wealth generated by Gateway 2000, the...
Avalon Capital Group
Ted Waitt established Avalon Capital Group in 1993. The firm serves as the primary investment vehicle for wealth generated by Gateway 2000, the personal-computer company Waitt co-founded. It operates as a single-family office with a focus on North America. Investment activity spans early-stage through late-stage opportunities in healthcare services, digital health, fintech, and supply-chain logistics. The firm uses direct co-investments and SPVs alongside allocations to private equity, private credit, real estate, hedge funds, and secondaries. Geographic reach remains concentrated in North America. No specific portfolio holdings or co-investors appear in public records. Team leadership includes President Shane Hartnett and CFO Stan Ray. Additional offices operate in La Jolla and New York. The firm supports marine conservation and scientific research through the Waitt Foundation and related entities. No operational events from the last 24 months are documented in available sources. The structure centers on direct family oversight by Ted Waitt as founder and chairman. Family members Max Waitt and Hailey Waitt serve on the Waitt Foundation board. This setup keeps decision authority inside the family rather than through external managers or multi-client platforms.
General information
Firm type
Single Family Office
Year founded
1993
Location
Region
North America
Country
United States
City
North Sioux
Corporate office
North Sioux, SD, United States
Additional offices
La Jolla · New York
Principals
Ted Waitt
Founder and Chairman
Shane Hartnett
President
Stan Ray
CFO
Dave Russell
Board Member
Sector focus
Frequently asked questions
Who runs investment decisions at Avalon Capital Group?
Ted Waitt serves as founder and chairman. Shane Hartnett holds the role of president and Stan Ray serves as CFO. Board members include Dave Russell.
Where does the underlying wealth come from?
Wealth originated from Gateway 2000, the personal-computer company Ted Waitt co-founded. The firm manages assets for the Waitt family.
Does Avalon Capital Group participate in fund commitments or only direct deals?
The firm uses both direct co-investments and SPVs as well as allocations to external funds including hedge funds and private equity vehicles.
What investment stages does Avalon Capital Group typically target?
Activity covers early stage, growth, and late stage opportunities.
Does Avalon Capital Group maintain philanthropic structures, and how are they separated?
The Waitt Foundation, Waitt Institute, and Waitt Institute for Violence Prevention operate alongside the investment office. Ted Waitt serves as chairman of the foundation.
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