v3.26.1
Variable Interest Entities (Tables)
12 Months Ended
Mar. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Variable Interest Entities
Investments of Consolidated Funds and Partnerships consist of the following:
March 31,
20262025
Equity method investments in Funds$20,841 $19,292 
Fair value investments505,237 77,408 
Total Investments of Consolidated Funds and Partnerships$526,078 $96,700 
The following table presents the assets and liabilities of consolidated VIEs that are included in the Consolidated Balance Sheets.
March 31,
20262025
Assets of Consolidated Funds and Partnerships:
Cash and cash equivalents$— $48,112 
Investments487,357 96,700 
Other assets9,516 460 
Total assets$496,873 $145,272 
Liabilities of Consolidated Funds and Partnerships:
Subscriptions in advance$55,561 $— 
Other liabilities12,902 922 
Total liabilities$68,463 $922 
The carrying value of assets and liabilities recognized in the Consolidated Balance Sheets related to the Company’s interests in these non-consolidated VIEs and the Company’s maximum exposure to loss relating to non-consolidated VIEs were as follows:
March 31,
20262025
Investments$284,958 $256,350 
Fees receivable43,607 48,601 
Due from related parties7,573 4,723 
Total VIE assets336,138 309,674 
Non-controlling interests(2,190)(2,497)
Maximum exposure to loss$333,948 $307,177