Conversus Announces Reinvestment of Performance Allocation by Oak Hill

Guernsey, England (ots/PRNewswire) -

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 October 18, 2007, it issued
90,192 common units, in the form of RDUs, to OHIM Investors, L.P., an
affiliate of Oak Hill Investment Management (OHIM). The units issued
were subscribed to by OHIM in partial fulfillment of OHIM's
obligation to invest 25% of its performance allocation until it has
invested a further US$25 million in addition to its original
investment of US$25 million to bring its total investment in RDUs to
US$50 million. For the fourth quarter of 2007, OHIM has elected to
reinvest 1.5 times its contractually obligated percentage, or 37.5%
of its performance allocation.

About Conversus Capital

Conversus Capital, L.P. (Euronext: CCAP) is a permanent capital
vehicle designed to offer its unitholders long-term capital
appreciation through a portfolio of seasoned and diversified private
equity interests. CCAP provides immediate access to a diversified
portfolio of private equity funds. CCAP 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 CCAP's investment
policies and carries out the day to day operations of CCAP 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 CCAP.

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. CCAP 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 CCAP securities in the United States or to
U.S. persons that are not qualified purchasers as defined in the
Investment Company Act is prohibited. CCAP does not intend to
register any offering in the United States or to conduct a public
offering of its securities in the United States.

Investor Contacts:
Timothy A. Smith
Chief Financial Officer
Conversus GP, Limited
Tel: +44-1481-745-175
Andrew Greenebaum / Anne Rakunas
Integrated Corporate Relations
anne.rakunas@icrinc.com

ots Originaltext: Conversus Capital, L.P.
Im Internet recherchierbar: http://www.presseportal.de

Contact:
Investors, Timothy A. Smith, Chief Financial Officer, Conversus GP,
Limited, +44-1481-745-175; or Andrew Greenebaum or Anne Rakunas,
anne.rakunas@icrinc.com, of Integrated Corporate Relations