Conversus has adopted a permanent harvesting strategy under which it has discontinued all new private equity investments, other than funding existing commitments and protective follow-on investments and will return capital to unit holders in a manner intended to maximize long-term unit holder value.  Under its harvesting strategy, Conversus Asset Management (“CAM”), Conversus’ independent asset manager, has discontinued all new private equity investments and investment commitments other than funding existing commitments, making follow-on private equity investments to protect, support or enhance existing investments and engaging in hedging activities related to the portfolio, unless otherwise approved by the Conversus board.  Conversus will return capital to unit holders through a combination of methods deemed most appropriate under the circumstances, including cash distributions and unit repurchases.