v3.26.1
Debt Obligations (Tables)
 12 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Schedule of Debt Obligations
The Company’s debt obligations consist of the following:
As of March 31,
20262025
Series A senior notes$175,000 $175,000 
Revolver100,000 100,000 
Total remaining principal275,000 275,000 
Less: Debt issuance costs(4,428)(5,732)
Total debt obligations$270,572 $269,268 
The debt obligations of the Consolidated Funds consist of the following:
As of March 31,
20262025
Senior secured notes(1)
$736,863 $— 
Subordinated notes (2)
194,322 — 
Total debt obligations(3)
$931,185 $— 
_______________________________
(1)As of March 31, 2026, the weighted-average interest rate for the senior secured notes was 7.59%. The senior secured notes do not require scheduled principal repayments and the entire principal amount is due at maturity in April 2041.
(2)The subordinated notes do not have contractual interest rates but instead receive the residual of cash flows from underlying investments after the priority repayment of principal and interest to the senior noteholders.
(3)As of March 31, 2026, the carrying value of the debt obligations of Consolidated Funds approximates fair value as the closing date of the fund and issuance of notes payable by the fund occurred near the reporting date.