Full Breakdown
CVC Capital Partners Announces Co-CEO Succession Plan for 2028
9/9/2026, 11:05:22 PM
Leadership Transition Overview
CVC Capital Partners disclosed that Todd Sisitsky, formerly president of Texas Pacific Group (TPG), and Peter Rutland, CVC’s current president, will assume joint chief-executive officer roles by the first quarter of 2028. The move will see current CEO Rob Lucas step back after nearly seven years at the helm. CVC said the appointments are part of a multi-year succession strategy designed to preserve continuity while supporting further growth and diversification of its private-markets platform.
Background and Context
Rob Lucas has led CVC since June 2021, overseeing the firm’s listing on Euronext Amsterdam in April 2024. The succession plan follows CVC’s broader effort to expand beyond traditional private-equity activities, adding credit, insurance, secondaries, infrastructure and other strategies to its portfolio.
Key Figures
- Todd Sisitsky – President of TPG since 2021, with more than 23 years at the firm; previously co-chair of TPG’s management committee and head of its flagship healthcare-focused buyout strategy.
- Peter Rutland – CVC president and managing partner for 19 years; oversees credit & insurance, secondaries, infrastructure and leads the global financial-services sector team.
- Rob Lucas – Outgoing CVC CEO; will remain a member of several investment committees and a key-man for Europe/Americas Fund X after the transition.
Scope of CVC’s Operations
CVC manages approximately €212 billion in assets worldwide, employs more than 1,600 staff across 30 offices on six continents, and operates seven distinct investment strategies. Its secondaries arm alone controls about €20 billion after closing a €10 billion vehicle this year, nearly doubling the €5.8 billion raised for the prior fund.
Implications and Next Steps
CVC indicated that the co-CEO structure will reinforce its focus on investment performance, growth and diversification. TPG’s chief executive Jon Winkelried thanked Sisitsky for his contributions and noted that TPG retains a long-tenured leadership team to continue delivering value for clients and shareholders. The succession plan positions CVC to maintain strategic momentum as it expands its private-markets capabilities.
