Conversus Announces New Board Member

Conversus Capital, L.P. (Euronext Amsterdam: CCAP) ("Conversus")
announced that Dr. Per Johan Stromberg, has joined its Board of
Directors effective December 20, 2007. Conversus also announced that
Victor Holmes has resigned from the Board.

Dr. Stromberg is currently a Senior Research Fellow at the Swedish
Institute of Financial Research. He is also Associate Professor of
Finance at the Stockholm School of Economics, and Adjunct Associate
Professor of Finance at the University of Chicago Graduate School of
Business. He received his Ph.D. in Financial Economics from Carnegie
Mellon University and holds an MBA (Civilekonom) from the Stockholm
School of Economics.

"Per brings a wealth of expertise in the areas of private equity
finance, private equity investing, capital formation and venture
capital," said Bob Long, President and CEO of Conversus Asset
Management, LLC. "Per has a deep understanding of our industry and we
look forward to his contributions to the Conversus Board of Directors.
I also want to thank Victor Holmes for his valuable contributions to
the Board during Conversus´ formation and public offering."

Dr. Stromberg´s research has primarily focused on the two areas of
bankruptcy and private equity finance. His work has been published in
the Journal of Finance, American Economic Review, and Review of
Economic Studies, and has been presented at numerous conferences and
universities. His work on bankruptcy auctions was awarded with the
2001 Brattle Prize for best corporate finance paper published in the
Journal of Finance. He is a faculty research fellow of the National
Bureau of Economic Research (NBER), a research affiliate of the Center
for Economic Policy Research (CEPR), and a research associate of the
European Corporate Governance Institute (ECGI).

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 Investment
Management, 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.