Head of Carlyle’s Investment Solutions steps down

Jacques Chappuis, head of the Carlyle Group’s Investment Solutions business segment, which includes AlpInvest Partners and Metropolitan Real Estate, has stepped down and is being replaced by Lauren Dillard, a Carlyle global partner and managing director.

Dillard, currently the chief operating officer and chief financial officer of Investment Solutions and a 14-year Carlyle veteran, will also become a member of the management committee.

Chappuis will become a Carlyle senior advisor. He joined Carlyle in February 2013 as managing director and head of Investment Solutions from Morgan Stanley where he served as president of Alternative Investment Partners. During his tenure at Carlyle, he oversaw part of the acquisition of AlpInvest and the acquisition of Metropolitan.

Before joining Investment Solutions in 2013, Dillard built and led the global tax and equity departments at Carlyle and worked on a number of firm transactions, including its initial public offering. Prior to joining Carlyle in 2002, she served in the tax practice of Arthur Andersen.

Investment Solutions is one of Carlyle’s four business segments and is made of three business units: AlpInvest, a provider of global private equity programmes and related co-investment and secondaries activities; Metropolitan Real Estate, a provider of real estate programmes, co-investment and secondaries; and DGAM, a provider of liquid market solutions.

There have been several changes at the business segment this  year. In April, Tjarko Hektor, managing director on the secondaries investments team, left AlpInvest after 15 years at the firm. It also lost its global head of sales and marketing, Neil Collins, and Vineet Budhraja, a managing director at Investment Solutions.

“Investment Solutions’ products in the market are well-received, we are winning mandates and adding managed accounts,” Dillard said in a statement announcing the change.