StepStone Group has closed its StepStone Tactical Growth Fund IV on $705 million.

"We have known and worked with Phil for years, and he was our first call to be a trusted advisor when assembling Ballistic," said Ted Schlein, Co-founder and General Partner at Ballistic Ventures.

LLR Partners, a lower middle market private equity firm has closed its seventh fund on $2.45 billion. The fund is larger than LLR 6, which closed in October 2020 at $1.8 billion.