CVC Capital Partners has appointed Todd Sisitsky, currently president and head of global private equity at TPG, as co-chief executive as the European private markets group prepares for the eventual departure of current CEO Rob Lucas, according to a report by the Financial Times.
Sisitsky will join CVC in the first quarter of 2028 and will share the CEO role with Peter Rutland, the firm’s president and head of financial services investments. He will also become chair as part of the group’s long-term succession plan.
Lucas has led CVC since its 2024 initial public offering and will remain with the firm after stepping down as CEO. He is expected to continue serving as a key person on a number of CVC’s private equity funds.
The appointment brings an external executive into CVC’s senior leadership, with Sisitsky moving across from TPG after more than two decades at the US private equity firm.
Sisitsky joined TPG in 2003 and became one of its leading healthcare investors, helping oversee investments including Par Pharmaceutical, Allogene and IQVIA. He subsequently rose to lead TPG’s healthcare investing, before becoming president and head of global private equity and ultimately the firm’s second-ranking executive behind CEO Jon Winkelried.
TPG said Sisitsky had stepped down from his roles as president and a board member with immediate effect and would leave the firm.
At CVC, Sisitsky will take on a senior role as the firm continues to broaden its investment platform beyond its traditional private equity base. The group has expanded into private credit, infrastructure and secondaries through acquisitions including Marathon Asset Management, DIF and Glendower Capital.
Rutland, who has spent almost two decades at CVC, will provide continuity within the firm’s leadership team. He has overseen several major transactions, including CVC’s investment in Pension Insurance Corporation, which was subsequently sold to Apollo-backed Athora in a multibillion-dollar transaction.
