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In January 2013, the International Finance Corporation, a member of the World Bank Group, made a $150 million equity investment in Laureate to expand access to quality higher education in emerging markets.[33][34] Laureate also bought Brazilian for-profit university chain (Centro Universitário das Faculdades Metropolitanas Unidas (FMU) for $412 million. The chain was bought in anticipation of a growing middle-class in Brazil.[35] Coursera, a provider of massive online open courses, announced in July 2013 that it raised $43 million in investments from a group that included Laureate Education, Inc., the World Bank's investment arm, LearnCapital Venture Partners, GSV Capital and venture capitalist Yuri Milner.[36] Arizona-based Thunderbird School of Global Management announced a partnership with Laureate in March 2013 to set up a joint venture that would provide capital support to Thunderbird to open multiple international instruction sites and expand its executive education and online programs.[37] Four Thunderbird Board members resigned in protest.[38]In December 2013, Laureate announced that its shareholders elected three independent directors: Robert B. Zoellick, former World Bank president;[39] Judith Rodin, president of the Rockefeller Foundation;[40] and George Muñoz, principal of the Muñoz Investment Banking Group.[41] In 2015, Ernesto Zedillo, the former president of Mexico, was named a Presidential Counselor by Laureate.[42]
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