Conversus Capital Releases November 30, 2007 Estimated Net Asset Value

Conversus Capital, L.P. (Euronext Amsterdam:CCAP) ("Conversus" or
the "Company"), a permanent capital vehicle designed to offer its
unitholders long-term capital appreciation through a high-quality,
seasoned portfolio of private equity interests, today reported its
estimated portfolio net asset value (NAV) of $2,055.2 million, or
$27.96 per unit, as of November 30, 2007. This represents an increase
in estimated portfolio NAV of approximately 12.0% since Conversus´
initial offering in July 2007 and is a decrease of approximately 0.2%
since October 31, 2007.

"In November, solid gains in the value of the private companies
held in our portfolio partially offset the adverse impact of declining
public markets," commented Bob Long, President and CEO of Conversus
Asset Management, LLC. "We believe this illustrates the benefits of
our diversified, mature portfolio. With an average weighted life at
the underlying portfolio company level of three and a half years, we
feel the portfolio remains well positioned for future realization
activity."

Many of the funds in which Conversus invests hold publicly traded
securities on their balance sheets, typically as a result of taking a
portfolio company public. Conversus marks these public securities to
market on a monthly basis. Given the maturity of Conversus´ portfolio,
approximately 22% of the underlying fund investment NAV is represented
by public securities. In periods of broad public market movement, such
as November, we expect Conversus´ estimated portfolio NAV will
generally reflect the market movement.

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*T
Net Asset Value Estimate as of November 30, 2007
(Amounts are unaudited and subject to change)

(in millions except per unit data)
Nov. 30 Oct. 31 % Change
--------- --------- ---------
Estimated Net Asset Value of Investments $2,054.5 $2,063.3 (0.4)
Cash and Cash Equivalents 34.4 28.7 19.9

Net Other Assets (Liabilities) (33.7) (33.6) 0.3
-----------------------------
Estimated Portfolio Net Asset Value $2,055.2 $2,058.4 (0.2)
=============================

Common Units Outstanding 73.5 73.5 0.0
Estimated Net Asset Value per Unit $ 27.96 $ 28.01 (0.2)
*T

Conversus carries its investments on its books at fair value in
accordance with generally accepted accounting principles in the United
States. Conversus uses the best information it has available to
estimate fair value. Fair value for private equity interests is based
on the most recent financial information provided by the fund
managers, adjusted for subsequent transactions; such as calls or
distributions, as well as other information judged to be reliable that
indicates valuation changes, including realizations and other
portfolio company events. The value of any public security known to be
owned by the funds based on the most recent information reported to us
by the fund managers has been marked to market as of November 30, 2007
and a discount has been applied to such securities based on an
estimate of the discount applied by the fund managers in calculating
net asset values.

Note: The performance allocation due to the asset manager is
accrued in the third month of each quarter to the extent it is earned.

Conversus will issue quarterly financial reports as of March 31,
June 30 and September 30 as well as an annual financial report as of
December 31 of each year. These reports will include financial
statements prepared in accordance with accounting principles generally
accepted in the United States. Conversus is required to consider, and
will consider, all known material information in preparing such
financial statements, including information that may become known
subsequent to the issuance of each monthly report. Accordingly,
amounts included in the quarterly and annual financial statements may
differ from amounts included in the monthly NAV reports.

Investment Activity Update

During the month of November 2007, Conversus closed four
commitments totaling $70.0 million, including a $10.0 million direct
co-investment. The new fund commitments that closed in November
totaled $60.0 million and included:

-- Avenue Special Situations Fund V, L.P.;

-- Crestview Partners II, L.P.; and

-- Nautic Partners VI-A, L.P.

Conversus has also committed to purchase two secondary portfolios
along with commitments to additional primary funds. None of these
transactions have closed. The details of these investments will be
disclosed when closed, to the extent permitted by the general partner
or the lead investor. There can be no assurance as to whether these
commitments will close or the actual amounts of the commitments that
will be accepted, if any.

For a detailed breakdown of Conversus´ Private Equity Portfolio as
of November 30, 2007, please visit the Investor Relations portion of
the Company´s website at www.conversus.com to view Reports and Filings
and Investment Information.

Liquidity Enhancement Activity

In December, Conversus began executing transactions in its own
units under a Liquidity Enhancement Agreement as described in a press
release on November 29, 2007. Trading activity for each calendar month
will be announced in conjunction with the release of Conversus´ NAV on
or about the 10th calendar day of each month. Conversus expects to
report December trading activity in its December NAV announcement on
January 10th, 2008.

About Conversus Capital

Conversus Capital, L.P. (Euronext:CCAP) ("Conversus") is a
permanent capital vehicle designed to offer its unitholders long-term
capital appreciation through a portfolio of high-quality, seasoned
private equity interests. Conversus provides immediate access to a
diversified portfolio of private equity funds. Conversus will reinvest
distributions from its current investments in primary fund
commitments, secondary fund purchases and direct co-investments.
Conversus Asset Management, LLC ("CAM"), an independent asset manager,
implements Conversus´ investment policies and carries out the day to
day operations of Conversus pursuant to a services agreement. CAM
leverages the platforms of Bank of America and Oak Hill, its primary
owners, in sourcing investments for the benefit of Conversus.

Legal Disclaimer

These materials are not an offer for sale of securities in the
United States. Securities may not be sold in the United States absent
registration with the U.S. Securities and Exchange Commission or an
exemption from registration under the U.S. Securities Act of 1933, as
amended. Conversus is not a registered investment company under the
U.S. Investment Company Act of 1940, as amended (the "Investment
Company Act"), and the resale of Conversus securities in the United
States or to U.S. persons that are not qualified purchasers as defined
in the Investment Company Act is prohibited. Conversus does not intend
to register any offering in the United States or to conduct a public
offering of its securities in the United States.