13G Filing: 12 West Capital Management and Laureate Education Inc (LAUR)

Page 4 of 6 – SEC Filing

Item 4.  Ownership:
(a)  Amount Beneficially Owned: 2,304,900**
(b)  Percent of Class: 6.5%**
(c)  Number of Shares as to which such person has:
(i)  Sole power to vote or to direct the vote: 2,304,900**
(ii)  Shared power to vote or to direct the vote: 0**
(iii)  Sole power to dispose or to direct the disposition of: 2,304,900**
(iv)  Shared power to dispose or to direct the disposition of: 0**

___________________________

**12 West Capital Management LP (“12
West Management
”) serves as the investment manager to 12 West Capital Fund LP, a Delaware limited partnership (“12
West Onshore Fund
”), and 12 West Capital Offshore Fund LP, a Cayman Islands exempted limited partnership (“12
West Offshore Fund
”), and possesses the sole power to vote and the sole power to direct the disposition of all securities
of Laureate Education Inc. (the “Company”) held by 12 West Onshore Fund and 12 West Offshore Fund. Joel Ramin,
as the sole member of 12 West Capital Management, LLC, the general partner of 12 West Management, possesses the voting and dispositive
power with respect to all securities beneficially owned by 12 West Management.

As of September 15, 2017, 12 West Onshore Fund
held 1,350,670 shares of Class A common stock of the Company, par value $0.004 per share (“Common Stock”), and
12 West Offshore Fund held 954,230 shares of Common Stock.

Based on information disclosed in the Company’s
quarterly report on Form 10-Q, filed with the Securities and Exchange Commission on August 8, 2017, there were 35,466,508 shares
of Common Stock outstanding as of June 30, 2017. As a result of the foregoing, for purposes of Reg. Section 240.13d-3, 12 West
Management is deemed to beneficially own 2,304,900 shares of Common Stock, or 6.5% of the Common Stock deemed issued and outstanding
as of September 15, 2017.

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