Key Takeaways
- • CVC Capital Partners appoints Todd Sisitsky, currently TPG President, as co-CEO alongside Peter Rutland, effective Q1 2028, in a planned succession of current CEO Rob Lucas.
- • Sisitsky brings 23+ years of investment experience from TPG, where he served as President and co-chair of the Management Committee, with a primary focus on healthcare and TPG Capital's flagship fund leadership.
- • Peter Rutland, CVC's current President, will share CEO duties with Sisitsky; the transition reflects CVC's multi-year succession planning approach used for previous leadership changes.
- • Rob Lucas, who has led CVC since June 2021 through its April 2024 Euronext Amsterdam IPO, will transition to a board and investment committee role while remaining a Key Man for Europe/Americas Fund X.
- • Sisitsky will chair the CVC Partner Board in his co-CEO role; his transition from TPG requires a non-compete period, extending the effective start date to Q1 2028.
Summary
CVC Capital Partners announced a significant leadership succession plan on September 9, 2026, naming Todd Sisitsky from TPG as co-CEO alongside CVC insider Peter Rutland, effective in the first quarter of 2028. The appointment represents the next phase of CVC's deliberate, multi-year succession strategy at the executive level and marks the transition of current CEO Rob Lucas to a board and investment committee role.
Sisitsky, who has served as TPG's President since 2021, brings more than 23 years of investment experience to CVC. Throughout his tenure at TPG, he served as co-chair of the firm's Management Committee and held positions on both the Board of Directors and Executive Committee. His career has been built primarily in healthcare investing and leadership of TPG Capital, the firm's flagship investment fund. According to TPG's SEC filing, Sisitsky resigned from his position on September 6, ahead of his formal transition to CVC following the expiration of his non-compete agreement.
Peter Rutland, currently CVC's President, will share the CEO responsibilities with Sisitsky. In his co-CEO role, Sisitsky will also chair the CVC Partner Board, adding a governance dimension to the leadership structure. Soren Vestergaard-Poulsen will continue as Chief Investment Officer for Private Equity and will chair the Europe/Americas, Strategic Opportunities, and Catalyst Investment Committees.
Rob Lucas, who has led CVC since June 2021—including through the firm's April 2024 initial public offering on Euronext Amsterdam—will step back from the CEO role but remain deeply embedded in the organization. He will continue as a member of the Europe/Americas, Strategic Opportunities, and Catalyst Investment Committees and will serve as a Key Man for Europe/Americas Fund X. CVC characterized this transition as consistent with its established approach to succession planning across the platform, reinforcing the firm's strategic focus on performance, growth, and diversification.
Sisitsky, who has served as TPG's President since 2021, brings more than 23 years of investment experience to CVC. Throughout his tenure at TPG, he served as co-chair of the firm's Management Committee and held positions on both the Board of Directors and Executive Committee. His career has been built primarily in healthcare investing and leadership of TPG Capital, the firm's flagship investment fund. According to TPG's SEC filing, Sisitsky resigned from his position on September 6, ahead of his formal transition to CVC following the expiration of his non-compete agreement.
Peter Rutland, currently CVC's President, will share the CEO responsibilities with Sisitsky. In his co-CEO role, Sisitsky will also chair the CVC Partner Board, adding a governance dimension to the leadership structure. Soren Vestergaard-Poulsen will continue as Chief Investment Officer for Private Equity and will chair the Europe/Americas, Strategic Opportunities, and Catalyst Investment Committees.
Rob Lucas, who has led CVC since June 2021—including through the firm's April 2024 initial public offering on Euronext Amsterdam—will step back from the CEO role but remain deeply embedded in the organization. He will continue as a member of the Europe/Americas, Strategic Opportunities, and Catalyst Investment Committees and will serve as a Key Man for Europe/Americas Fund X. CVC characterized this transition as consistent with its established approach to succession planning across the platform, reinforcing the firm's strategic focus on performance, growth, and diversification.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.