Richard is the Managing Director of Pallas Ventures, a private investment fund dedicated to growing dual-use technology companies. Most recently, he served as the 76th Secretary of the Navy, where he led a department with over 750,000 personnel and a budget of nearly $200B. Prior to his public service, Richard was the Managing Director of Fall Creek Management LLC, which focuses on value enhancement of private companies through capital investment and advice. Previously, he was the Vice Chairman and Chief Financial Officer of Intercontinental Exchange, Inc. (NYSE:ICE), the leading electronic commodity futures exchange. Richard was also the President of Crossroads Investment Management LLC, a leading venture capital and private equity fund-of-funds investment firm. Richard is a member of the board of directors of the Marine Corps Heritage Foundation, Global Atlantic Financial Group, and StarPound Technologies, Inc. He received his undergraduate degree from Rollins College and served in the U.S. Marine Corps as a helicopter pilot. Richard has two grown children and resides in Washington, D.C.