Toby Neugebauer

Last updated
Toby Randolph Neugebauer
Born (1971-12-01) December 1, 1971 (age 52)
NationalityAmerican
Alma mater New York University (B.B.A.)
OccupationBusinessman
Parent(s)Dana Collins and Randy Neugebauer

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

Contents

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]

Career

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]

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References

  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.
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