# EDGAR Filing Document

**Accession Number:** 0002085244
**File Stem:** 0001213900-26-005121
**Filing Date:** 2026-1
**Character Count:** 14688
**Document Hash:** 5bc0ae91c0f4d8f223bde88f68b883d6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-26-005121.hdr.sgml**: 20260116

**ACCESSION NUMBER**: 0001213900-26-005121

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13G

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20260116

**DATE AS OF CHANGE**: 20260116

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Phoenix Education Partners, Inc.
- **CENTRAL INDEX KEY:** 0001600222
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-EDUCATIONAL SERVICES [8200]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 383922540
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-95422
- **FILM NUMBER:** 26539339

**BUSINESS ADDRESS:**
- **STREET 1:** 4035 S. RIVERPOINT PARKWAY
- **CITY:** PHOENIX
- **STATE:** AZ
- **ZIP:** 85040
- **BUSINESS PHONE:** 800-990-2765

**MAIL ADDRESS:**
- **STREET 1:** 4035 S. RIVERPOINT PARKWAY
- **CITY:** PHOENIX
- **STATE:** AZ
- **ZIP:** 85040

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AP VIII Queso Holdings, L.P.
- **DATE OF NAME CHANGE:** 20140214
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TVG-I-E-AEG Holdings, LP
- **CENTRAL INDEX KEY:** 0002085244

**ORGANIZATION NAME:**
- **EIN:** 815172072
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G

**BUSINESS ADDRESS:**
- **STREET 1:** 300 E. RANDOLPH ST.
- **STREET 2:** SUITE 3850
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60601
- **BUSINESS PHONE:** 312-626-1102

**MAIL ADDRESS:**
- **STREET 1:** 300 E. RANDOLPH ST.
- **STREET 2:** SUITE 3850
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60601

## Exhibit 99.1

**Exhibit 1**

**Joint Filing Agreement**

In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, each of the undersigned hereby agrees to the joint filing on behalf of each of them of a statement on Schedule 13G (including amendments thereto) with respect to the Common Stock, par value $0.01 per share, of Phoenix Education Partners, Inc., and that this Agreement be included as an Exhibit to such joint filing.

Each of the undersigned acknowledges that each shall be responsible for the timely filing of any statement (including amendments) on Schedule 13G, and for the completeness and accuracy of the information concerning him, her, or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the other persons making such filings, except to the extent that he, she, or it knows or has reason to believe that such information is inaccurate.

---

| | | |
|:---|:---|:---|
|  | TVG-I-E-AEG Holdings, LP | TVG-I-E-AEG Holdings, LP |
|  | By: Vistria-AEG GP, LLC, its General Partner | By: Vistria-AEG GP, LLC, its General Partner |
| Date: January 13, 2026 | By: | /s/ Adnan A. Nisar |
|  | Name: | Adnan A. Nisar |
|  | Title: | Sole Manager |
|  | Vistria-AEG GP, LLC | Vistria-AEG GP, LLC |
| Date: January 13, 2026 | By: | /s/ Adnan A. Nisar |
|  | Name: | Adnan A. Nisar |
|  | Title: | Sole Manager |
| Date: January 13, 2026 | /s/ Adnan A. Nisar | /s/ Adnan A. Nisar |
|  | Adnan A. Nisar | Adnan A. Nisar |

---

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13G

### Under the Securities Exchange Act of 1934

**Issuer:** Phoenix Education Partners, Inc.

**Title of Class of Securities:** Common Stock, par value $0.01 per share

**CUSIP Number:** 718968100

**Date of Event Which Requires Filing of this Statement:** 12/31/2025

**Check the appropriate box to designate the rule pursuant to which this Schedule is filed:**

- [x] Rule 13d-1(b)

- [ ] Rule 13d-1(c)

- [ ] Rule 13d-1(d)

---

| 1. | Names of Reporting Persons<br>TVG-I-E-AEG Holdings, LP | Names of Reporting Persons<br>TVG-I-E-AEG Holdings, LP |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>4935463.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>4935463.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>4935463.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>4935463.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>13.84% | Percent of Class Represented by Amount in Row (9)<br>13.84% |
| 12. | Type of Reporting Person (See Instructions)<br>HC, PN | Type of Reporting Person (See Instructions)<br>HC, PN |

**Comment for Type of Reporting Person:** (1) Reflects shares of Phoenix Education Partners, Inc. held directly by TVG-I-E-AEG Holdings, LP (the "Vistria Stockholder"). Vistria-AEG GP, LLC ("Vistria GP") is the general partner of the Vistria Stockholder and Adnan A. Nisar is the sole manager of Vistria GP. The Vistria Group, LP ("Vistria LP") is the sole member of Vistria GP. The Vistria Group, LLC is the general partner of Vistria LP and Harreld N. Kirkpatrick III and Martin H. Nesbitt are the sole members of The Vistria Group, LLC. Messrs. Kirkpatrick, Nesbitt and Nisar each may be deemed to have voting and dispositive control of the shares of the Issuer's common stock held by the Vistria Stockholder. Messrs. Kirkpatrick, Nesbitt and Nisar disclaim beneficial ownership of the reported securities, except to the extent of their pecuniary interest therein, if any.

(2) The denominator of the fraction upon which this percentage is calculated is based on 35,652,963 shares of common stock outstanding as reported on the Issuer's Form 10-K filed on November 20, 2025.

---

| 1. | Names of Reporting Persons<br>Vistria-AEG GP, LLC | Names of Reporting Persons<br>Vistria-AEG GP, LLC |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>4935463.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>4935463.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>4935463.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>4935463.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>13.84% | Percent of Class Represented by Amount in Row (9)<br>13.84% |
| 12. | Type of Reporting Person (See Instructions)<br>HC, OO | Type of Reporting Person (See Instructions)<br>HC, OO |

**Comment for Type of Reporting Person:** (1) See Note 1 to the Cover Page for TVG-I-E-AEG Holdings, LP.

(2) See Note 2 to the Cover Page for TVG-I-E-AEG Holdings, LP.

---

| 1. | Names of Reporting Persons<br>Adnan A. Nisar | Names of Reporting Persons<br>Adnan A. Nisar |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>X1 | Citizenship or Place of Organization<br>X1 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>4935463.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>4935463.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>4935463.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>4935463.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>13.84% | Percent of Class Represented by Amount in Row (9)<br>13.84% |
| 12. | Type of Reporting Person (See Instructions)<br>IN | Type of Reporting Person (See Instructions)<br>IN |

**Comment for Type of Reporting Person:** (1) See Note 1 to the Cover Page for TVG-I-E-AEG Holdings, LP.

(2) See Note 2 to the Cover Page for TVG-I-E-AEG Holdings, LP.

---

**Item 1(a). Name of Issuer:**
Phoenix Education Partners, Inc.

**Item 1(b). Address of Issuer's Principal Executive Offices:**
4035 S. Riverpoint Parkway, Phoenix, Arizona 85040

**Item 2(a). Name of Person Filing:**
(i) TVG-I-E-AEG Holdings, LP;
(ii) Vistria-AEG GP, LLC;
(iii) Adnan A. Nisar

**Item 2(b). Address of Principal Business Office:**
300 E. Randolph Street
Suite 3850
Chicago, IL 60601

**Item 2(c). Citizenship:**
(i) TVG-I-E-AEG Holdings, LP: Delaware;
(ii) Vistria-AEG GP, LLC: Delaware;
(iii) Adnan A. Nisar: United States

**Item 2(d). Title of Class of Securities:**
Common Stock, par value $0.01 per share

**Item 2(e). CUSIP Number:**
718968100

**Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:**

(a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e) [ ] An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f) [ ] An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g) [x] A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j) [ ] A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), if filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

(k) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).

**Item 4. Ownership:**

**(a) Amount beneficially owned:**

(i) TVG-I-E-AEG Holdings, LP: 4,935,463;
(ii) Vistria-AEG GP, LLC: 4,935,463;
(iii) Adnan A. Nisar: 4,935,463

**(b) Percent of class:**

(i) TVG-I-E-AEG Holdings, LP: 13.84%;
(ii) Vistria-AEG GP, LLC: 13.84%;
(iii) Adnan A. Nisar: 13.84%

**(c) Number of shares as to which the person has:**

**(i) Sole power to vote or to direct the vote:**

(i) TVG-I-E-AEG Holdings, LP: 0;
(ii) Vistria-AEG GP, LLC: 0;
(iii) Adnan A. Nisar: 0

**(ii) Shared power to vote or to direct the vote:**

(i) TVG-I-E-AEG Holdings, LP: 4,935,463;
(ii) Vistria-AEG GP, LLC: 4,935,463;
(iii) Adnan A. Nisar: 4,935,463

**(iii) Sole power to dispose or to direct the disposition of:**

(i) TVG-I-E-AEG Holdings, LP: 0;
(ii) Vistria-AEG GP, LLC: 0;
(iii) Adnan A. Nisar: 0

**(iv) Shared power to dispose or to direct the disposition of:**

(i) TVG-I-E-AEG Holdings, LP: 4,935,463;
(ii) Vistria-AEG GP, LLC: 4,935,463;
(iii) Adnan A. Nisar: 4,935,463

**Item 5. Ownership of Five Percent or Less of a Class.**

[x] If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following.

**Item 6. Ownership of More than 5 Percent on Behalf of Another Person.**

Not Applicable

**Item 7. Identification and Classification of the Subsidiary**

Not Applicable

**Item 8. Identification and Classification of Members of the Group**

Not Applicable

**Item 9. Notice of Dissolution of Group**

Not Applicable

**Item 10. Certification:**

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**TVG-I-E-AEG Holdings, LP**

**Date:** 01/15/2026

**By:** /s/ Adnan A. Nisar

**Name & Title:** Adnan A. Nisar/Sole Manager of Vistria-AEG GP, LLC, the general partner of TVG-I-E-AEG Holdings, LP

**Vistria-AEG GP, LLC**

**Date:** 01/15/2026

**By:** /s/ Adnan A. Nisar

**Name & Title:** Adnan A. Nisar/Sole Manager

**Adnan A. Nisar**

**Date:** 01/15/2026

**By:** /s/ Adnan A. Nisar

**Name & Title:** Adnan A. Nisar