CVC hires Todd Sisitsky with plans to name him co-chief

CVC Capital Partners has announced the appointment of Todd Sisitsky, a veteran from TPG, as co-chief executive to succeed current CEO Rob Lucas. The European private markets group is preparing for Lucas' eventual departure and part of this long-term succession plan. Sisitsky will join CVC in the first quarter of 2028 and share the CEO role with Peter Rutland, the firm's president and head of financial services investments.

Additionally, Sisitsky will take on the chair position as part of the succession plan. Sisitsky, who has been at TPG since 2003, will move from his position as president and head of global private equity. He has been a key player in TPG's healthcare investments, including Par Pharmaceutical, Allogene, and IQVIA. At CVC, Sisitsky will contribute to the firm's expansion into private credit, infrastructure, and secondaries.

Peter Rutland, a CVC insider with nearly two decades of experience, will provide continuity to the leadership team. Lucas, who led CVC since its 2024 initial public offering, will remain with the firm post-CEO transition, continuing to serve as a key figure on several CVC's private equity funds.