CVC has appointed Todd Sisitsky and Peter Rutland as co-chief executives, effective Q1 2028. Sisitsky, currently president at TPG, brings 23 years of experience leading TPG Capital and private equity strategies. Rutland, CVC's long-serving president, oversees credit, insurance, secondaries, and infrastructure.

The transition follows Lucas's recent IPO on Euronext Amsterdam, who will remain involved as a key man for Fund X. Vestergaard-Poulsen continues as CIO for private equity. This structure signals a focus on performance and diversification beyond private equity roots.