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

Texas Texas ( , ; or ) is the most populous U.S. state, state in the South Central United States, South Central region of the United States. It borders Louisiana to the east, Arkansas to the northeast, Oklahoma to the north, New Mexico to the we ...

Early life

His father is

Randy Neugebauer Robert Randolph 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 special electi ...

, a former member of the

United States House of Representatives The United States House of Representatives is a chamber of the Bicameralism, bicameral United States Congress; it is the lower house, with the U.S. Senate being the upper house. Together, the House and Senate have the authority under Artic ...

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 fr ...

. 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 universities from the post-Dawkins era in Australia, New Zealand and Ireland. It is similar in format and structure to a B ...

Administration in Finance from

New York University New York University (NYU) is a private university, private research university in New York City, New York, United States. Chartered in 1831 by the New York State Legislature, NYU was founded in 1832 by Albert Gallatin as a Nondenominational ...

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 Quantum Capital Group, previously known as Quantum Energy Partners, is a Houston, Texas-based private equity Private equity (PE) is stock in a private company that does not offer stock to the general public; instead it is offered to specialize ...

, an energy

private equity Private equity (PE) is stock in a private company that does not offer stock to the general public; instead it is offered to specialized investment funds and limited partnerships that take an active role in the management and structuring of the co ...

firm headquartered in

Houston, Texas Houston ( ) is the List of cities in Texas by population, most populous city in the U.S. state of Texas and in the Southern United States. Located in Southeast Texas near Galveston Bay and the Gulf of Mexico, it is the county seat, seat of ...

. 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 ...

, 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 ...

. 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 hydrocarbon exploration company based in Houston. In 2018, the company split into Roan Resources and Riviera Resources. As of December 31, 2017, the company had 1.968 trillion cubic feet equivalent of estimated proved rese ...

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 Financial technology (abbreviated as fintech) refers to the application of innovative technologies to products and services in the financial industry. This broad term encompasses a wide array of technological advancements in financial services, ...

company GloriFi. However, GloriFi had serious difficulties and 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 in the first administration of Donald Trump. He previously served as the 47th governor of Texas fr ...

, according to the Texans for Public Justice. The donation came from Blackstone Limited I, and was given to a

Super PAC Independent expenditure-only political action committees, better known as super PACs, are a type of political action committee (PAC) in the United States. Unlike traditional PACs, super PACs are legally allowed to fundraise unlimited amounts of m ...

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

...

Biloxi, Mississippi Biloxi ( ; ) is a city in Harrison County, Mississippi, United States. It lies on the Gulf Coast of the United States, Gulf Coast in southern Mississippi, bordering the city of Gulfport, Mississippi, Gulfport to its west. The adjacent cities ar ...

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

Ted Cruz Rafael Edward 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 was the solicitor general of Texas from 2003 ...

' 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 A political campaign is an organized effort which seeks to influence the decision making progress within a specific group. In democracies, political campaigns often refer to electoral campaigns, by which representatives are chosen or referen ...

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 ( ; its official name until 1995), is the capital city of the Indian state of Maharashtra. Mumbai is the financial capital and the most populous city proper of India with an estimated population of 12 ...

, the orphanages of

China China, officially the People's Republic of China (PRC), is a country in East Asia. With population of China, a population exceeding 1.4 billion, it is the list of countries by population (United Nations), second-most populous country after ...

, and the dirt-path villages of

Tanzania Tanzania, officially the United Republic of Tanzania, is a country in East Africa within the African Great Lakes region. It is bordered by Uganda to the northwest; Kenya to the northeast; the Indian Ocean to the east; Mozambique and Malawi to t ...

and now he is in Egypt.

References

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