Toby Neugebauer

Toby Neugebauer is an American businessman.[1][2][3][4][5][6][7][8]

Early life

His father is Randy Neugebauer, a member of the United States House of Representatives for Texas's 19th congressional district.[8] He received a Bachelor of Business Administration in Finance from New York University.[1][3][5]

Career

He was an investment banker at Kidder, Peabody & Co.'s Natural Resources Group.[1][2][3][4][5] He later co-founded Windrock Capital.[1][2][3][4][5] In 1998, together with S. Wil VanLoh, Jr., he co-founded Quantum Energy Partners, an energy private equity firm headquartered in Houston, Texas.[1][2][3][4][5][8] He served as its managing director and now serves on its investment committee.[1][2][3] 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.[2][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;[1][2][4] and is general partner of QR Energy.[1][5]

Political activity

He has donated $110,000 to Rick Perry, according to the Texans for Public Justice.[6][8] 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.[8] 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' superPAC,[9] "Keep The Promise II", contributing $10 Million,[10] representing one of the largest campaign donations ever made of this type.[11] 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.[12] After Cruz's withdrawal from the presidential campaign on May 3rd, 2016, it was reported that Neugebauer was withdrawing $9M from his superPAC.

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.[7]

References

  1. 1 2 3 4 5 6 7 8 9 Bloomberg BusinessWeek
  2. 1 2 3 4 5 6 7 Forbes
  3. 1 2 3 4 5 6 Quantum Energy Partners biography
  4. 1 2 3 4 5 6 Reuters
  5. 1 2 3 4 5 6 QR Energy biography
  6. 1 2 3 4 5 Dave Mann, Abby Rapoport, Lifestyles of the Corrupt and Elected, Texas Observer, January 16, 2011
  7. 1 2 Kay S. Hymowitz, Parenting the Privileged: Dynastic wealth can hurt children. Can philanthropy help?, Philanthropy, Winter 2013
  8. 1 2 3 4 5 Kenneth Vogel, Rick Perry boosted by mysterious corporate cash, Politico, 12/30/2011
  9. ↑ http://www.motherjones.com/politics/2015/07/cruzs-super-pac-super-easy-understand
  10. ↑ http://www.nytimes.com/politics/first-draft/2015/07/31/the-man-behind-the-10-million-donation-to-a-ted-cruz-super-pac/
  11. ↑ http://www.nytimes.com/interactive/2016/us/elections/top-presidential-donors-campaign-money.html
  12. ↑ Theodore Schleifer (March 14, 2016 Ted Cruz allies 'mystified' over super PAC sitting on $10 million CNN
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