| Schedule of Disaggregation of Revenue |
The following tables present revenues disaggregated by product offering, which aligns with the identified performance obligations and the basis for calculating each amount: | | | | | | | | | | | | | | | | | | | | Year Ended March 31, | | | Management and advisory fees | 2026 | | 2025 | | 2024 | | | | | | | | | | Specialized funds | $ | 374,405 | | | $ | 315,214 | | | $ | 261,012 | | | | | | | | | | | Customized separate accounts | 141,535 | | | 134,400 | | | 128,826 | | | | Advisory | 20,473 | | | 22,806 | | | 24,229 | | | | Reporting, monitoring, data and analytics | 35,766 | | | 29,244 | | | 24,711 | | | | Distribution management | 2,170 | | | 2,619 | | | 5,054 | | | | Fund reimbursement revenue | 9,867 | | | 9,581 | | | 8,104 | | | | Total management and advisory fees | $ | 584,216 | | | $ | 513,864 | | | $ | 451,936 | | |
| | | | | | | | | | | | | | | | | | | | Year Ended March 31, | | | Incentive fees | 2026 | | 2025 | | 2024 | | | | | | | | | | Specialized funds | 146,293 | | | 182,092 | | | 89,988 | | | | Customized separate accounts | 24,282 | | | 16,204 | | | 11,918 | | | | | | | | | | | Consolidated Funds and Partnerships | | | | | | | | Specialized funds | 4,202 | | | 803 | | | — | | | | | | | | | | | Total incentive fees | $ | 174,777 | | | $ | 199,099 | | | $ | 101,906 | | |
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