CVC brings US head of TMT from Deutsche Bank

CVC Capital Partners has hired Chris Colpitts as a senior managing director and head of US TMT from Deutsche Bank.

CVC Capital Partners has hired Chris Colpitts as a senior managing director and head of telecommunications, media and technology in the US, the firm said.

Colpitts will be based in the firm’s office in San Francisco. He joins a TMT team of seven members spread across Germany, the US, the UK and Belgium, according to CVC’s website.

“The TMT sector is rapidly changing, affected by structural and cyclical changes that create opportunities,” Colpitts said in a statement.

In July 2014 CVC launched its first tech growth fund, CVC Growth Partners, targeting $750 million to invest in high-growth, mid-market, technology-based companies, according to PEI Research. Last month, the fund held a final close on $1 billion, as reported by Private Equity International.

Previously Colpitts was global co-head of TMT investment banking at Deutsche Bank, which he joined in 2006. He had also been a managing director and global head of electronics investment banking at Lehman Brothers, where he worked for more than eight years, according to the firm.

The firm made another recent hire in January, when it appointed Thomas Kichler to fill a new position of US head of industrials and energy, as reported by PEI.

CVC has over $79 billion in assets under management, the firm said.