Toby R. Neugebauer is an American businessman and political donor based in the state of

Texas Texas (, ; Spanish language, Spanish: ''Texas'', ''Tejas'') is a state in the South Central United States, South Central region of the United States. At 268,596 square miles (695,662 km2), and with more than 29.1 million residents in 2 ...

Early life

His father is

Randy Neugebauer Robert Randolph "Randy" Neugebauer (born December 24, 1949) is an American politician who was the United States House of Representatives, U.S. representative for , having served from a special election in Texas' 19th congressional district specia ...

, a former member of the

United States House of Representatives The United States House of Representatives, often referred to as the House of Representatives, the U.S. House, or simply the House, is the Lower house, lower chamber of the United States Congress, with the United States Senate, Senate being ...

for

Texas's 19th congressional district Texas's 19th congressional district of the United States House of Representatives includes the upper midwestern portion of the state of Texas. The district includes portions of the State from Lubbock to Abilene. The current Representative from ...

. He received a

Bachelor of Business A Bachelor of Business (BBus, BBus (Major)) is a three to four year undergraduate degree in the field of business offered by traditional and newer universities from the post-Dawkins era in Australia, New Zealand and Ireland. It is similar in format ...

Administration in Finance from

New York University New York University (NYU) is a private research university in New York City. Chartered in 1831 by the New York State Legislature, NYU was founded by a group of New Yorkers led by then-Secretary of the Treasury Albert Gallatin. In 1832, the ...

Career

He was an investment banker at Kidder, Peabody & Co.'s Natural Resources Group. He later co-founded Windrock Capital. In 1998, together with S. Wil VanLoh, Jr., he co-founded Quantum Energy Partners, an energy

private equity In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a ty ...

firm headquartered in

Houston, Texas Houston (; ) is the most populous city in Texas, the most populous city in the Southern United States, the fourth-most populous city in the United States, and the sixth-most populous city in North America, with a population of 2,304,580 in ...

. He served as its managing director and now serves on its investment committee. The company invested heavily in the

Barnett Shale The Barnett Shale is a geological formation located in the Bend Arch-Fort Worth Basin. It consists of sedimentary rocks dating from the Mississippian period (354–323 million years ago) in Texas. The formation underlies the city of Fort Worth a ...

, which is regulated by the

Texas Commission on Environmental Quality The Texas Commission on Environmental Quality (TCEQ) is the environmental agency for the state of Texas. The commission's headquarters are located at 12100 Park 35 Circle in Austin. The fourth largest environmental agency in the United States (an ...

. He served on the boards of Texoil, Crown Oil Partners, Parks & Luttrell Energy Partners and Aspect Energy. He also served as chairman of

Linn Energy Linn Energy, Inc. was a company engaged in hydrocarbon exploration. It was incorporated in Delaware and headquartered in Houston. In 2018, the company split into Roan Resources and Riviera Resources. As of December 31, 2017, the company had 1.968 ...

and was a co-founder of Legacy Reserves. He currently serves on the boards of Meritage Energy Partners, EnSight Energy Partners, Tri-C Energy, Rockford Energy Partners and TriQuest Energy Corp and QA Global GP; and is general partner of QR Energy. Neugebauer founded

fintech Fintech, a portmanteau of "financial technology", refers to firms using new technology to compete with traditional financial methods in the delivery of financial services. Artificial intelligence, blockchain, cloud computing, and big data are r ...

company GloriFi. However, GloriFi had serious difficulties. and will shut down after laying off most of their employees.

Political activity

He has donated $110,000 to

Rick Perry James Richard Perry (born March 4, 1950) is an American politician who served as the 14th United States secretary of energy from 2017 to 2019 and as the 47th governor of Texas from 2000 to 2015. Perry also ran unsuccessfully for the Republica ...

, according to the

Texans for Public Justice Texans for Public Justice (TPJ) is an Austin, Texas, Austin-based non-profit group founded in 1997 to take on political corruption and corporate abuses in Texas, United States. Their early focus was on tracking campaign contributions in Texas and ...

. The donation came from Blackstone Limited I, and was given to a Super PAC called Jobs for Iowa, which shared the same address as Quantum Energy Partners. He has also let the governor fly on his private jet to attend a meeting with the

Interstate Oil and Gas Compact Commission The Interstate Oil and Gas Compact Commission (IOGCC), formerly the Interstate Oil Compact Commission, is a United States organization, representing the governor (United States), governors of 31 member and seven associate U.S. state, states, that ...

Biloxi, Mississippi Biloxi ( ; ) is a city in and one of two county seats of Harrison County, Mississippi, United States (the other being the adjacent city of Gulfport). The 2010 United States Census recorded the population as 44,054 and in 2019 the estimated popu ...

, which was reported as a $6,250 "in-kind" campaign contribution. In 2015, he was the sole donor to

Ted Cruz Rafael Edward "Ted" Cruz (; born December 22, 1970) is an American politician and attorney serving as the junior United States Senator from Texas since 2013. A member of the Republican Party, Cruz served as Solicitor General of Texas from ...

' Super PAC, "Keep The Promise II", contributing $10 million, representing one of the largest campaign donations ever made of this type. Neugebauer was in charge of the Super PAC, which was part of a group of 4 Super PACs supporting Cruz. As of mid March 2016, practically none of the money in the Neugebauer led Super PAC had been spent, leading to media speculations that he might withdraw the money from the race. After Cruz's withdrawal from the

presidential campaign President most commonly refers to: *President (corporate title) *President (education), a leader of a college or university *President (government title) President may also refer to: Automobiles * Nissan President, a 1966–2010 Japanese ful ...

on May 3, 2016, Neugebauer withdrew the unspent $9M from the Super PAC.

Personal life

He is married and has two sons. In 2010, in an attempt to teach

philanthropy Philanthropy is a form of altruism that consists of "private initiatives, for the Public good (economics), public good, focusing on quality of life". Philanthropy contrasts with business initiatives, which are private initiatives for private goo ...

to his sons, he took his family on a 110-day world tour to visit the slums of

Mumbai Mumbai (, ; also known as Bombay — the official name until 1995) is the capital city of the Indian state of Maharashtra and the ''de facto'' financial centre of India. According to the United Nations, as of 2018, Mumbai is the second- ...

, the orphanages of

China China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and ...

, and the dirt-path villages of

Tanzania Tanzania (; ), officially the United Republic of Tanzania ( sw, Jamhuri ya Muungano wa Tanzania), is a country in East Africa within the African Great Lakes region. It borders Uganda to the north; Kenya to the northeast; Comoro Islands and ...

References

{{DEFAULTSORT:Neugebauer, Toby Living people New York University Stern School of Business alumni 21st-century American businesspeople 1971 births