Vista focuses on vertically specialized companies that develop and market software, software-as-a-service, and technology-enabled business services. Acquiring ADERANT is consistent with Vista's strategy of partnering with exceptional executives in technology-oriented businesses. Vista chose to acquire ADERANT because of its strong market position, product offerings, loyal and satisfied customers, and its highly-talented and devoted employees. Leveraging its experience with numerous other vertically oriented software and technology-enabled companies, Vista is uniquely qualified to help position ADERANT for continued growth and will enable the company to strengthen and expand its position in its respective markets.

Vista Founder and Managing Principal Robert F. Smith said, "We are long-term investors in technology companies that are committed to market leadership. We are tremendously excited about working with ADERANT. We look forward to working with the management team to both continue serving the needs of their current customers as well as building on their platform to offer additional solutions to existing and new customers. The company has an impressive list of global clients and a shared vision to be a best-in-class provider of software products and services. The management team, led by Mike Kohlsdorf, has done a tremendous job transforming and growing a great company over the last few years."

ADERANT is a leading global provider of integrated, mission-critical applications for law firms and professional services organizations. The company's flagship practice and financial management application suite, ADERANT Expert, is deployed to a large and loyal base of more than 545 clients throughout North America, Europe, and Asia-Pacific, including 45 of the top 100 global law firms and three of the top accounting and consulting firms. ADERANT Expert provides these leading firms with comprehensive, integrated functionality based on an open and advanced Microsoft .NET Framework technology architecture.

Harris Williams & Company acted as financial advisor to ADERANT. Financial details of the transaction were not disclosed.

About ADERANT

ADERANT, headquartered in Atlanta, GA, is a leading provider of integrated business management software for law firms and other services organizations. The global company offers a comprehensive suite of solutions, consisting of financial, resource, and practice management software that enables services organizations of all sizes to maximize operational efficiencies. ADERANT provides solutions to the largest and most prominent firms in the world, including Clifford Chance, Computer Sciences Corporation, Greenberg Traurig, Clayton Utz, Deloitte Consulting, Macleod Dixon LLP, Mayer Brown, Skadden Arps, and Winston & Strawn. ADERANT also has offices in Asia-Pacific and Europe.

For more information visit www.aderant.com.

About Vista Equity Partners

Vista Equity Partners is a leading private equity firm that invests in dynamic, successful technology-based organizations led by world-class management teams with long-term perspective. With over $2 billion in committed capital, Vista is a value-added investor, contributing professional expertise and multi-level support toward companies realizing their full potential. Vista's investment approach is anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions, and proven management techniques that yield flexibility and opportunity in private equity investing. Vista seeks to align the interest of clients, management, and shareholders and focuses on the operational processes and best practices that are critical for long-term value creation.

For more information visit www.vistaequitypartners.com.

Editors Note: The correct usage of the ADERANT name is all capitals.

ADERANT and ADERANT Expert are registered trademarks of ADERANT Holdings, Inc. or its subsidiaries. All other trademarks mentioned herein are the properties of their respective owners.

SOURCE: ADERANT

ADERANT 
Matthew Scherzinger 
Corporate Communications Manager 
949-862-9212 
matt.scherzinger@aderant.com 
or 
Envision Agency 
Jobst Elster, Vice President 
850-385-4599 
elster@envisionagency.com

"We are extremely pleased to close this fund with strong support from a wide range of investors," said Robert Smith, Managing Principal at Vista. "Despite widespread problems in the financial markets, we found our investors' appetite remains strong for experienced investment teams with differentiated approaches and proven strategies."

Vista will continue its unique focus of partnering with management teams to drive operational improvements. "Through their operational focus the Vista team has enabled our management team to transform our company from a somewhat flat business to one that is experiencing double digit growth in both revenue and EBITDA," Said Richard Atkins, CEO of Sunquest Information Systems. Sunquest, which provides laboratory information and management systems for hospitals and commercial laboratories, is one of three investments already completed by VEPF III.

About Vista Equity Partners

Based in San Francisco, Vista Equity Partners is a private equity management firm focused on investing in dynamic, successful technology-based organizations led by world-class management teams with long-term perspective. Vista is a value-added investor, contributing professional expertise and multi-level support toward companies realizing their full potential. Vista's investment approach is anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions, and proven management techniques that yield flexibility and opportunity in private equity investing. For more information visit www.vistaequitypartners.com.

SOURCE: Vista Equity Partners

Owen Blicksilver Public Relations, Inc. 
Kristin Celauro, 732-291-5456

As of 30 September 2008, LBPE's unaudited NAV per share decreased to $10.01. This represents a decrease of 3.5% compared to the audited NAV per share of $10.37 at 31 December 2007. The Company's portfolio value decreased during the third quarter principally due to net unrealized depreciation in the value of certain buyout fund investments and co-investments, as well as negative mark-to-market adjustments on publicly traded equity securities and credit related fund investments and negative foreign exchange adjustments. These decreases in value were offset by a net increase in the value of certain fund investments.

As of 31 October 2008, the unaudited NAV per share was $9.68. This represents a decrease of 3.3% compared to the unaudited NAV per share of $10.01 at 30 September 2008. The change in NAV per share during October was primarily attributed to negative unrealized mark-to-market adjustments on credit related fund investments and publicly traded equity securities as well as negative foreign exchange adjustments. These decreases in value were offset by net realized and unrealized gains related to certain fund investments.

The unaudited NAV per share at 31 October and 30 September was lower than the $10.55 NAV per share that was previously reported in the September 2008 Monthly Report. This was principally due to the receipt of additional portfolio valuation information as well as proactive adjustments based on updated valuation estimates.

The October 2008 Monthly Report, the Interim Financial Report for the quarter ending 30 September 2008 and an updated investor presentation are available on the Company's Web site at www.lbpe.com. This announcement should be read in conjunction with the October 2008 Monthly Report and the Interim Financial Report.

LBPE also expects to provide regular NAV updates for the months ending 30 November 2008 and 31 December 2008 within seven business days of each month's end.

For further information, please contact:

LBPE Investor Relations +1 214 647 9593

Financial Dynamics +44 20 7269 7114 Rob Bailhache Nick Henderson

About Lehman Brothers Private Equity Partners LBPE is a closed-end private equity fund of funds investment company listed on Euronext Amsterdam on 25 July 2007, raising a total of $542.1 million. LBPE holds a diversified portfolio of private equity fund investments and certain direct co-investments, diversified across private equity asset class, geography, industry, vintage year and sponsor, selected by the Investment Manager.

This press release appears as a matter of record only and does not constitute an offer to sell or a solicitation of an offer to purchase any security.

The Company is established as a closed-end investment company domiciled in Guernsey. The Company has received the necessary consent of the Guernsey Financial Services Commission and the State of Guernsey Policy Counsel. LBPE is registered with the Dutch Authority for the Financial Markets as a collective investment scheme which may offer participations in The Netherlands pursuant to article 2:66 of the Financial Markets Supervision Act (Wet op het financial toezicht). All investments are subject to risk. Past performance is no guarantee of future returns. Prospective investors are advised to seek expert legal, financial, tax and other professional advice before making any investment decision. The value of investments may fluctuate. Results achieved in the past are no guarantee of future results. This document is not intended to constitute legal, tax or accounting advice or investment recommendations. Prospective investors are advised to seek expert legal, financial, tax and other professional advice before making any investment decision. Statements contained in this document that are not historical facts are based on current expectations, estimates, projections, opinions and beliefs of the Investment Manager. Such statements involve known and unknown risks, uncertainties and other factors, and undue reliance should not be placed thereon. Additionally, this document contains "forward-looking statements." Actual events or results or the actual performance of the fund may differ materially from those reflected or contemplated in such targets or forward-looking statements.

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

SOURCE: Lehman Brothers Private Equity Partners Limited

As of 30 September 2008, the unaudited NAV per share was $10.55. This represents a decrease of 2.4% compared to the unaudited 31 August 2008 NAV per share of $10.81 and an increase of 1.7% compared to the audited 31 December 2007 NAV per share of $10.37.

During September, LBPE's portfolio value decreased mainly as a result of the severe downward pressure facing the public equity and credit markets. In addition to negative markto- market adjustments on publicly traded securities and credit-related fund investments, the portfolio experienced unrealized depreciation due to negative foreign exchange adjustments.

These decreases in value were offset by a small net increase in the value of certain fund investments.

LBPE will host a conference call for investors and analysts to discuss the Company's performance. The call will be held at 15.00 CET / 14.00 BST / 9.00am EDT on Thursday, 9th October 2008. The call can be accessed by dialing +1-866-238-1665 (U.S.) or +1-703- 639-1164 (International) with the access code 1292646. Please ask for "the LBPE conference call."

A playback facility will be available two hours after the conference call. This facility can be accessed by dialing +1-888-258-7854 (U.S.) or +1-703-925-2490 (International). The code to access the recording is 1292646.

The September 2008 Monthly Report and the investor presentation in connection with today's conference call are available on the Company's Web site at www.lbpe.com. This announcement should be read in conjunction with the September 2008 Monthly Report.

LBPE expects to issue its interim report and financial statements for the quarter ended 30 September 2008 during early November. The Company is required to consider, and will consider, all known material information in preparing such financial statements, including information that may become known subsequent to the issuance of this monthly NAV update.

Accordingly, amounts included in the financial statements may differ from the amounts published in the monthly report.

LBPE also expects to provide regular NAV updates for the months ending 31 October 2008 and 30 November 2008 within seven business days of each month's end.

For further information, please contact:

LBPE Investor Relations +1 214 647 9593

Financial Dynamics +44 20 7269 7114 Rob Bailhache Nick Henderson

About Lehman Brothers Private Equity Partners LBPE is a closed-end private equity fund of funds investment company listed on Euronext Amsterdam on 25 July 2007, raising a total of $542.1 million. LBPE holds a diversified portfolio of private equity fund investments and certain direct co-investments, diversified across private equity asset class, geography, industry, vintage year and sponsor, selected by the Investment Manager.

SOURCE: Lehman Brothers Private Equity Partners Limited