Conversus Announces Reinvestment of Performance Allocation by Oak Hill

Conversus Capital, L.P. (Euronext Amsterdam: CCAP), a permanent
capital vehicle designed to offer its unitholders long-term capital
appreciation through a seasoned and diversified portfolio of private
equity interests, announced that on January 23, 2008, it issued 25,553
common units, in the form of RDUs, to OHIM Investors, L.P., an
affiliate of Oak Hill Investment Management (OHIM). OHIM subscribed to
these units in partial fulfillment of its obligation to invest 25% of
its share of the performance fee paid to Conversus Participation
Company, LLC until OHIM has reinvested $25 million. This $25 million
reinvestment is in addition to OHIM´s original investment of $25
million to bring its total investment in Conversus to $50 million. For
the period ended December 31, 2007, OHIM made an election to increase
its reinvestment to 37.5% of its performance fee.

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.