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Lexington Partners has raked in more than $3.1 billion for Lexington Capital Partners VII LP, according to Securities and Exchange Commission filings.

The secondary vehicle, which has a $5 billion target, sought to close on $4 billion in early 2009, LBO Wire reported in December. The fund came to market in mid-2008. It intends to invest primarily in mature funds, ones that are at least 50% invested.

Brent Nicklas, a managing partner at the firm, couldn’t be reached for comment.

The onshore component of the fund has raised about $2.4 billion, while the offshore portion has closed on $730 million, according to the SEC filings. The amount raised so far nears the $3.8 billion the predecessor vehicle, Lexington Capital Partners VI LP, closed at in early 2007.

Limited partners include South Carolina Retirement Systems, Montana Board of Investments, New Hampshire Retirement System, New York State Teachers’ Retirement System, Minnesota State Board of Investment and Houston Firefighters’ Relief and Retirement Fund.

Park Hill Group LLC is serving as placement agent for the fund.

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