I ran into this issue with both of my ThinkPads (T450s and X1 Carbon), but this probably applies to other machines with Intel hardware.
One solution is to enable virtualization options in the BIOS of the host machine (not the guest VM).
- Reboot and enter the BIOS (F12 usually)
- Navigate to the virtualization settings. The exact menu navigation may vary based on your particular BIOS and version. For me it was Security -> Virtualization.
- In my case there were two options, both of which were disabled:
- Intel (R) Virtualization Technology
- Intel (R) VT-d Feature
- Enable both options
- Save and exit (reboot)
This resolved the issue for me.