Power converters can include a plurality of switching devices and a combination of one or more inductors and one or more flying capacitors. Both boost and buck converters may employ such topologies, and can achieve high efficiency and small size in at least some applications, including those with high conversion ratios. A control circuit can generate a first pair of complementary gate drive signals to drive a first complementary switch pairs and a second pair of complementary gate drive signals to drive a second complementary switch pair. The control circuit can vary a phase shift between the first pair of complementary gate drive signals and the second pair of complementary gate drive signals to regulate the flying capacitor voltage.