Todd Sisitsky Exits TPG Evergreen Fund Board for CVC as Jack Weingart Adds Chair Role

The fund’s chair and chief executive roles now sit with the same person — TPG’s own chief financial officer — at a vehicle taking in fresh subscriptions every month.

September 9, 2026

TPG Private Equity Opportunities, L.P., the Fort Worth-based evergreen private equity vehicle known as T-POP, has handed board leadership to Jack Weingart, who already serves as the fund’s chief executive officer and sits on its board. The appointment was made by TPG Private Equity Opportunities GenPar, L.P., the fund’s general partner, and took effect September 6.

The same day, Todd Sisitsky resigned both as Chairperson and as a member of the T-POP board — and stepped down from his roles as president and director of TPG Inc., the publicly traded manager, after more than two decades at the firm.

A Departure With a Destination

On September 9, CVC Capital Partners named Sisitsky a future co-chief executive, a role he is expected to take up in the first quarter of 2028 alongside CVC president Peter Rutland as Rob Lucas steps back. Sisitsky had been TPG’s second-ranking executive and previously led its flagship private equity business.

Governance Concentrates in One Seat

For T-POP, the practical result is that the chair and chief executive roles now sit with the same person. Weingart is also chief financial officer of TPG Inc., placing three functions in a single set of hands:

• chair of the fund’s board;
• chief executive of the fund;
• finance chief of the listed manager.

Because the T-POP board is appointed by the general partner rather than elected by unitholders, the change required no investor vote and carries no stated transition period.

What Allocators Will Watch

T-POP prices and closes subscriptions monthly, and its capital base has been building steadily — the fund reported a transactional net asset value above $1.86 billion earlier this year and arranged a $125 million revolving credit and letter-of-credit facility in late August.

Evergreen vehicles sold through the wealth channel depend on the continuity of the sponsor’s senior investment bench in a way that closed-end drawdown funds, with their defined lives and fixed portfolios, do not. The departure of the executive who oversaw much of TPG’s private equity effort is a data point due diligence teams will log, even though the filing discloses no change to the fund’s investment mandate, its adviser, or its fee terms.

Matt White, the fund’s chief financial officer, signed the report on September 8.