The Carlyle Group has named a new leader of its Investment Solutions business unit.

Global alternative asset manager The Carlyle Group has named Lauren Dillard, a Carlyle global partner and managing director, as head of the Investment Solutions business segment and member of the management committee.

Currently chief operating officer and chief financial officer of Investment Solutions, New York-based Dillard succeeds Jacques Chappuis, who will become a Carlyle senior advisor.

Investment Solutions is one of Carlyle’s four business segments; the others are corporate private equity, real assets and global market strategies.

Dillard will oversee the segment’s three business units: AlpInvest, a provider of global private equity programs and related co-investment and secondary activities; Metropolitan Real Estate, a provider of real estate programs, co-investment and secondary activities; and DGAM, a provider of liquid markets solutions.

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 public offering.