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. Sterling currently has over $2.6 billion of assets under management.
Doug is Founder and Chairman 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 CEO of Laureate from its inception in 1999 through the end of 2017. 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 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.