DOUG BECKER CO-FOUNDER & MANAGING DIRECTOR Doug co-founded Sterling in 1983; since then the firm has become a leading investor in education and other industries, having made over 80 investments over the years. Doug is the founder of Laureate Education, Inc., the largest higher education company in the world, with over 1,000,000 students enrolled at nearly 70 campus-based and online institutions, which are owned or managed by the company and its affiliates. These universities operate over 150 campuses in 23 countries around the world, offering bachelors and advanced degrees in almost every field of study. Laureate is passionately committed to helping students realize their dreams and believes that when its students succeed, countries prosper and societies benefit. Under Doug’s leadership Laureate became the largest Certified B Corp™ and the first publicly traded company that is organized as a Public Benefit Corporation. Doug served as Chairman and CEO of Laureate from its inception in 1999 through the end of 2017 and as Chairman through 2018. Prior to founding Laureate, Doug was the Chairman and CEO of its predecessor, Sylvan Learning Systems, during which period Sylvan became the largest K-12 tutoring company in North America, with over 1,000 tutoring centers, more than 200,000 students and a brand that became a household name. Along with co-founder Chris Hoehn-Saric, Doug launched many other notable education companies within Sylvan during this period including Sylvan Prometric which became the global leader in computer testing and assessment. As part of his commitment to community service, Doug is a member of the Board of Trustees for Johns Hopkins Medicine and Johns Hopkins International and also serves as the Chair of the Board of the International Youth Foundation (www.iyfnet.org), a global NGO focusing on the needs of youth in over 100 countries, including many of the most impoverished nations. REPRESENTATIVE PORTFOLIO COMPANIES Cerebro Edcura Laureate

JEFF ELBURN MANAGING DIRECTOR Jeff Elburn joined Sterling in 2008 and is a Managing Director. As CFO, Jeff oversees the accounting, finance, treasury, tax, risk management, and information technology functions for the firm. He is also on the board of the Baltimore-Washington Chapter of the Private Equity CFO Association. Prior to Sterling, Jeff was a Finance Principal at ABS Capital Partners. Before that, Jeff held various finance and operations positions at Deutsche Bank Alex Brown and PHH, both publicly-traded companies. Jeff received his BS in Business Administration from Salisbury University. Jeff also serves as the Chief Financial Officer of Sterling Fund Management, the Education Opportunity Fund, and Sterling Partners Equity Advisors.