Toby Neugebauer

Last updated
Toby R. Neugebauer
Born (1971-12-01) December 1, 1971 (age 51)
Alma mater New York University (B.B.A.)
Parent(s)Dana Collins and Randy Neugebauer

Toby R. Neugebauer is an American businessman and political donor based in the state of Texas. [1]


Early life

His father is Randy Neugebauer, a former member of the United States House of Representatives for Texas's 19th congressional district. [2] He received a Bachelor of Business Administration in Finance from New York University. [1]


He was an investment banker at Kidder, Peabody & Co.'s Natural Resources Group. [1] [3] [4] He later co-founded Windrock Capital. [1] In 1998, together with S. Wil VanLoh, Jr., he co-founded Quantum Energy Partners, [5] an energy private equity firm headquartered in Houston, Texas. [3] [2] He served as its managing director and now serves on its investment committee. [1] The company invested heavily in the Barnett Shale, which is regulated by the Texas Commission on Environmental Quality. [6]

He served on the boards of Texoil, Crown Oil Partners, Parks & Luttrell Energy Partners and Aspect Energy. [1] He also served as chairman of Linn Energy and was a co-founder of Legacy Reserves. [4] 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; [3] [4] and is general partner of QR Energy. [1]

Neugebauer founded fintech company GloriFi. [7] However, GloriFi had serious difficulties. [8] and shut down after laying off most of their employees. [9]

Political activity

He has donated $110,000 to Rick Perry, according to the Texans for Public Justice. [6] 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. [2] He has also let the governor fly on his private jet to attend a meeting with the Interstate Oil and Gas Compact Commission in Biloxi, Mississippi, which was reported as a $6,250 "in-kind" campaign contribution. [6] In 2015, he was the sole donor to Ted Cruz' Super PAC, [10] "Keep The Promise II", contributing $10 million, [11] representing one of the largest campaign donations ever made of this type. [12] 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. [13] After Cruz's withdrawal from the presidential campaign on May 3, 2016, Neugebauer withdrew the unspent $9M from the Super PAC. [14]

Personal life

He is married and has two sons. [6] In 2010, in an attempt to teach philanthropy to his sons, he took his family on a 110-day world tour to visit the slums of Mumbai, the orphanages of China, and the dirt-path villages of Tanzania. [15]

Related Research Articles

In the United States, a political action committee (PAC) is a tax-exempt 527 organization that pools campaign contributions from members and donates those funds to campaigns for or against candidates, ballot initiatives, or legislation. The legal term PAC was created in pursuit of campaign finance reform in the United States. Democracies of other countries use different terms for the units of campaign spending or spending on political competition. At the U.S. federal level, an organization becomes a PAC when it receives or spends more than $1,000 for the purpose of influencing a federal election, and registers with the Federal Election Commission (FEC), according to the Federal Election Campaign Act as amended by the Bipartisan Campaign Reform Act of 2002. At the state level, an organization becomes a PAC according to the state's election laws.

<span class="mw-page-title-main">Randy Neugebauer</span> American politician (born 1949)

Robert Randolph Neugebauer is an American politician who was the U.S. representative for Texas's 19th congressional district, having served from a special election in 2003 to 2017. He is a member of the Republican Party. The district includes a large swath of West Texas, including Lubbock and Abilene. According to a 2011 survey by the National Journal, Neugebauer was "the most conservative" member of the House.

<span class="mw-page-title-main">Ted Cruz</span> Canadian-American politician (born 1970)

Rafael Edward Cruz is an American politician, attorney, and political commentator 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 to 2008.

Bobby Jack Perry, known as Bob J. Perry, was a Houston, Texas homebuilder, owner of Perry Homes, and major contributor to a number of politically oriented 527 groups, such as the Swift Vets and POWs for Truth and the Economic Freedom Fund.

<span class="mw-page-title-main">Beto O'Rourke</span> American politician (born 1972)

Robert Francis "Beto" O'Rourke is an American politician who served as the U.S. representative for Texas's 16th congressional district from 2013 to 2019. A member of the Democratic Party, O'Rourke was the party's nominee for the U.S. Senate in 2018, a candidate for the presidential nomination in 2020, and the party's nominee for the 2022 Texas gubernatorial election.

Restore Our Future is a political action committee (PAC) created to support Mitt Romney in the 2012 U.S. Presidential election. A so-called Super PAC, Restore Our Future is permitted to raise and spend unlimited amounts of corporate, union, and individual campaign contributions under the terms of the Citizens United Supreme Court decision.

<span class="mw-page-title-main">Dark money</span> Undisclosed American political contributions

In politics, particularly the politics of the United States, dark money refers to spending to influence elections, public policy, and political discourse, where the source of the money is not disclosed to the public.

Tea Party Patriots Citizens Fund is an American super political action committee formed by the Tea Party Patriots in February 2013.

As a member of the Republican Party, Ted Cruz is a United States Senator representing the state of Texas, and a 2016 candidate for US President.

Robert Leroy Mercer is an American hedge fund manager, computer scientist, and political donor. Mercer was an early artificial intelligence researcher and developer and is the former co-CEO of the hedge fund company Renaissance Technologies.

Ronald M. Cameron is an American businessman, and the owner and chairman of Mountaire Farms.

Richard Ellis Uihlein and Elizabeth Uihlein are American billionaire businesspeople, founders of Uline and conservative donors. Richard is also an heir to the Schlitz brewing fortune.

<span class="mw-page-title-main">Mayday PAC</span> American crowd-funded non-partisan Super PAC

Mayday PAC is an American crowd-funded non-partisan Super PAC created by Harvard Law School professor and activist Lawrence Lessig. Its purpose is to help elect candidates to the Congress to pass campaign finance reform. It is notable for raising large sums from numerous contributors in a short span of time – nearly $11 million in 2014 – and was described in the Los Angeles Times as the "super PAC to end all super PACs." The group spent over $10 million in the November 2014 elections, but its strategic plan of electing candidates friendly to campaign finance reform failed.

The 2016 presidential campaign of Ted Cruz, the junior United States senator from Texas, was announced on March 23, 2015. He was a candidate for the Republican Party's 2016 presidential nomination and won the second-most state contests and delegates. Cruz themed his campaign around being an outsider and a strict conservative. In the crowded early field, he chose not to directly confront the leading candidate, Donald Trump, who was also viewed as an outsider candidate. His cordial and sympathetic tone towards Trump contrasted with the more critical approach of rivals such as Jeb Bush, Marco Rubio, and Rand Paul. Had Cruz been elected, he would have been the first Cuban American U.S. president.

Fundraising plays a central role in many presidential campaigns, and is a key factor in determining the viability of candidates. Money raised is applied for the salaries of non-volunteers in the campaign, transportation, campaign materials, media advertisements and other contingencies. Under United States law, officially declared candidates are required to file campaign finance details with the Federal Elections Commission (FEC) at the end of every calendar month or quarter. Summaries of these reports are made available to the public shortly thereafter, revealing the relative financial situations of all the campaigns.

<span class="mw-page-title-main">Heidi Cruz</span> American investment manager

Heidi Suzanne Cruz is an American businesswoman. She has been a managing director at Goldman Sachs since 2012.

Robert E. Marling Jr. is an American banker and business executive. He served as the chief executive officer of the Woodforest National Bank from 1990 to 2015, and as its chairman from 2004 to 2015. During his tenure, he opened 720 branches in Walmart stores and 37 regular branches in 17 states.

<span class="mw-page-title-main">2018 United States Senate election in Texas</span>

The 2018 United States Senate election in Texas was held on November 6, 2018, along with other elections to the United States Senate and elections to the United States House of Representatives in additional states. Incumbent Republican U.S. Senator Ted Cruz ran successfully for re-election to a second term against Democratic candidate Beto O'Rourke. The primary for all parties was held on March 6, 2018, making it the first primary of the 2018 season. As Cruz and O'Rourke both won majorities in their primaries, they did not participate in the May 22 runoff primary that was held for some nominations in Texas.

Make America Number 1 is a right-wing super PAC that supported the presidential campaigns of Ted Cruz and Donald Trump in the 2016 United States presidential election. During the primary campaign, the super PAC was known as Keep the Promise I. In the general election, it informally termed itself Defeat Crooked Hillary PAC, but was not allowed to officially use this term and chose the name Make America Number 1. The PAC is run by Rebekah Mercer, the second daughter of its largest donor Robert Mercer.

<span class="mw-page-title-main">2024 United States Senate election in Texas</span>

The 2024 United States Senate election in Texas will be held on November 5, 2024, to elect a member of the United States Senate to represent the state of Texas. Incumbent Republican Senator Ted Cruz is running for re-election to a third term in office. Primary elections will take place on March 5, 2024. If needed runoff elections will take place on May 28, 2024.


  1. 1 2 3 4 5 6 7 "Toby R. Neugebauer". Bloomberg. Retrieved June 7, 2017.
  2. 1 2 3 Vogel, Kenneth P. (December 30, 2011). "Perry's mysterious corporate cash". Politico. Retrieved June 7, 2017.
  3. 1 2 3 "Toby Neugebauer". Forbes. Archived from the original on December 11, 2014. Retrieved June 7, 2017.
  4. 1 2 3 "Neugebauer, Toby Brief Biography". Reuters. Archived from the original on October 4, 2013. Retrieved June 7, 2017.
  5. "Quantum Energy Partners biography". Quantum Energy Partners. Archived from the original on February 18, 2012. Retrieved June 7, 2017.
  6. 1 2 3 4 Mann, Dave; Rapoport, Abby (January 16, 2011). "Lifestyles of the Corrupt and Elected". Observer. Retrieved June 7, 2017.
  7. "GloriFi, a Pro-America, Mission-Driven Technology Company That Aims to Empower Members to Put Their Money Where Their Values Are". Business Wire. Retrieved 2022-10-11.
  8. Andriotis, Rachel Louise Ensign, Peter Rudegeair and AnnaMaria (2022-10-10). "How a New Anti-Woke Bank Stumbled". Wall Street Journal. ISSN   0099-9660. Archived from the original on 2022-10-12. Retrieved 2022-10-15.{{cite news}}: CS1 maint: multiple names: authors list (link)
  9. "WSJ News Exclusive | Anti-Woke Bank GloriFi to Shut Down". WSJ. Retrieved 2023-03-10.
  10. Choma, Russ (July 31, 2015). "Ted Cruz Super-PAC Has Just One Donor". Mother Jones. Retrieved June 7, 2017.
  11. Rappeport, Alan (July 31, 2015). "The Man Behind the $10 Million Donation to a Ted Cruz 'Super PAC'". The New York Times. Retrieved June 7, 2017.
  12. "Million-Dollar Donors in the 2016 Presidential Race". The New York Times. February 9, 2016. Retrieved June 7, 2017.
  13. Schleifer, Theodore (March 14, 2016). "Ted Cruz allies 'mystified' over super PAC sitting on $10 million". Cable News Network. Retrieved June 7, 2017.
  14. Schleifer, Theodore. Ted Cruz donor sat on $9 million in super PAC. CNN. May 4, 2016.
  15. Hymowitz, Kay S. (2013). "Parenting the Privileged". Philanthropy Roundtable. Retrieved June 7, 2017.