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Carlyle names new head of investment solutions

Ruulke Bagijn, managing director, was promoted to head of investment solutions at Carlyle Group, replacing Lauren Dillard, who left to join Nasdaq as head of global information services, Ms. Bagijn said.

Ms. Bagijn will also join Carlyle's management committee. She will lead two businesses within its investment solutions division, which manages funds of funds, co-investment programs as well as investments on secondary markets. The two businesses are the private equity business AlpInvest Partners, which has $43 billion in assets under management, and Metropolitan, which focuses on real estate and has $2.4 billion in AUM.

"Obviously, it's an exciting day for me," Ms. Bagijn said in an interview. "I joined Carlyle in 2017 as a managing director and co-head of AlpInvest Partners' primary funds investments team."

Until 2011, AlpInvest had been wholly owned by PGGM, the manager of the €185 billion ($206 billion) Pensioenfonds Zorg en Welzijn in Zeist, Netherlands; and the €459 billion APG Asset Management, the manager of Stichting Pensioenfonds ABP, Heerlen, Netherlands, she said.

"When they sold AlpInvest to Carlyle, I was the lead negotiator on behalf of PGGM," Ms. Bagijn said. "Over the past five years, AlpInvest raised more than $17 billion of capital, adding 150 investors to its client base. AlpInvest today has transitioned from being the exclusive private equity manager for pension funds to an independent solutions provider."

Ms. Bagijn will retain her duties as co-head of the primary funds investments team.

Separately, Erica Herberg is the new chief financial officer of Carlyle's investment solutions division, taking on the CFO duties from Paul de Klerk, CFO and chief operating officer of AlpInvest, who is moving to a senior adviser role to assist in the transition. A Carlyle spokeswoman said the firm is looking to find a replacement for Mr. de Klerk’s COO duties.