Conversus to Acquire Significant Secondary Portfolio

Conversus Capital, L.P. (Euronext Amsterdam:CCAP) ("Conversus")
announced that it, along with four other members of a syndicate, has
entered into a binding agreement with the California Public Employees´
Retirement System ("CalPERS") to acquire an attractive portfolio of
private equity funds. The portion of the portfolio acquired by
Conversus has a net asset value of approximately $189 million and
unfunded commitments of approximately $25 million, both as of June 30,
2007.

"This is an important transaction for us and we are extremely
pleased to be working with CalPERS on this mutually beneficial
transaction to execute on a fundamental part of our business strategy.
By working in partnership with a syndicate of four additional active
secondary buyers including Oak Hill Investment Management, L.P. ("Oak
Hill"), we demonstrate the depth of our relationships within the
industry, and of our ability to source, negotiate and acquire a
high-quality secondary portfolio on attractive terms," said Bob Long,
President and CEO of Conversus Asset Management, LLC. "This
acquisition maintains the vintage diversification of our portfolio and
significantly increases our exposure to special situation and venture
assets, in line with our stated portfolio composition goals."

A first closing of the acquisition is expected by the end of March
2008, subject to completion of normal transfer and legal processes.

The syndicate was represented by Paul, Weiss, Rifkind, Wharton &
Garrison LLP. Winston & Strawn LLP served as special counsel to
Conversus and Oak Hill.

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.