Conversus Capital, L.P. (Euronext Amsterdam: CCAP) ("Conversus"), today announced that it has engaged ABN AMRO Bank N.V. ("ABN AMRO") to act as Liquidity Provider to render brokerage services with respect to Conversus´ common units listed on Euronext Amsterdam by NYSE Euronext, the regulated market of Euronext Amsterdam N.V. ("Euronext").
Under the Engagement and subject to its terms, ABN AMRO will act as Conversus´ Liquidity Provider on Euronext whereby it will issue a continuous quote in the order book, in compliance with the applicable provisions of the Euronext Rule Books.
"In addition to driving NAV growth through the quality and composition of our investments, we remain focused on increasing the liquidity of Conversus´ units," said Tim Smith, Chief Financial Officer, Conversus Capital, L.P. "By engaging a dedicated Liquidity Provider to increase trading volume, guarantee transactions at the best price and reduce bid/ask spreads, we believe we can further enhance shareholder value."
ABN AMRO´s engagement as Liquidity Provider comes in addition to the appointment by Conversus of ABN AMRO Bank N.V. London Branch under a liquidity enhancement policy as announced on November 29, 2007.
About Conversus Capital
Conversus Capital, L.P. (Euronext Amsterdam: CCAP) ("Conversus") is the largest publicly traded portfolio of third party private equity funds. It is a permanent capital vehicle providing its unitholders long–term capital appreciation through a portfolio of high–quality, seasoned private equity interests. Conversus´ objective is to provide unitholders with immediate exposure to a diversified portfolio of private equity assets, access to best–in–class general partners and consistent NAV growth that outperforms the public markets. Conversus reinvests the 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.
Forward–Looking Statements
These materials may contain certain forward–looking statements with respect to the financial condition, results of operations, liquidity, investments, business, net asset value and prospects of Conversus. By their nature, forward–looking statements involve risk and uncertainty, because they relate to events and depend on circumstances that will occur in the future, and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these forward–looking statements. Conversus does not undertake to update any of these forward–looking statements. Past performance is not necessarily indicative of future results.