PEI Staff

Alostar provided a $16.76 million loan to Elmington Capital Group, a Nashville-based commercial real estate firm. The loan will be used to facilitate the acquisition of a multifamily apartment property in Alabama.

Excelligence Learning Corporation, a portfolio company of Brentwood Associates, acquired Really Good Stuff, a teaching supply company. Financial terms were not disclosed. Antares Capital and Ares Capital Corporation provided debt financing for the deal.

nuTonomy, a developer of software for self-driving cars, secured $3.6 million in seed funding. Investors include Signal Ventures, Samsung Ventures, Fontinalis Partners and Dr. Steven LaValle.

CosmosID, a genomic big data company, raised a $6 million Series B round. Bruce Grant, Vice Chairman of CosmosID and Chairman of Applied Value Group, led the funding.

GP Healthcare Capital led a $28 million Series B funding round in Adagene, a Chinese biotech company. Current backers Eight Roads Ventures China, F-Prime Capital and WuXi Corporate Venture Fund and new investor New World TMT also participated in the round.

Black Diamond Capital Management hired Todd Arden as senior managing director and co-chief credit officer. Arden joins the firm from CCMP Capital, where he worked as chief investment officer for Octagon Credit Opportunities, LLC. He will be based in Greenwich, Connecticut.

Frazier Healthcare Partners, a healthcare investment firm, hired Anthony Draye as an executive partner on the growth buyout team. Draye has worked in healthcare IT for 10 years, most recently serving as director of TridentUSA Health Services.

Saban Capital Group, Inc. promoted Fred Gluckman to executive vice president. Gluckman will continue to serve as the firm's chief financial officer. Los Angeles-based Saban is a private investment firm specializing in the media and entertainment industries.

Sigma Prime Ventures led a $4.1 million Series A funding round in Vestorly, a digital marketing platform for financial advisors. The New York-based company has raised $6.1 million to date. In addition to the funding, Jere Doyle, managing director at Sigma Prime, will join Vestorly’s board.

Pamplona Capital Management closed its previously announced acquisition of MedAssets, a healthcare performance improvement company. Pamplona paid $31.35 per share for the company, valuing the deal at about $2.7 billion. MedAssets' stock stopped trading on the Nasdaq on Wednesday.