v3.26.1
Investments (Tables)
3 Months Ended
Jun. 30, 2026
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Equity Method Investments
The Company’s equity method investments consist of the following:
As of
June 30, 2026March 31, 2026
Investments in funds(1)
$264,450 $249,447 
Accrued carried interest allocations2,080,443 2,036,892 
Legacy Greenspring investments in funds and accrued carried interest allocations(2)
783,847 752,776 
Total equity method investments$3,128,740 $3,039,115 
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(1)The Company’s investments in funds were $362.9 million and $347.2 million as of June 30, 2026 and March 31, 2026, respectively. The consolidation of the Consolidated Funds results in the elimination of the Company’s investments in such funds.
(2)Reflects investments in funds of $127.8 million and $133.6 million and carried interest allocations of $656.0 million and $619.2 million as of June 30, 2026 and March 31, 2026, respectively.
The Company recognized equity method income of the following:
Three Months Ended June 30,
20262025
Carried interest allocations$72,547 $113,287 
Investment income10,823 10,512 
Legacy Greenspring carried interest allocations37,171 39,637 
Legacy Greenspring investment income (loss)(5,247)3,382 
Total equity method income$115,294 $166,818 
Schedule of Investments of Consolidated Funds
Investments held by the Consolidated Funds are summarized below:
Fair Value as ofPercentage of Total Investments as of
June 30, 2026March 31, 2026June 30, 2026March 31, 2026
Investments of Consolidated Funds:
Equity securities (cost of $12.4 million and $16.2 million as of June 30, 2026 and March 31, 2026, respectively)
$12,435 $6,395 %%
Debt securities (cost of $102.3 million and $108.6 million as of June 30, 2026 and March 31, 2026, respectively)
82,803 92,096 %13 %
Fund investments (cost of $1,815.2 million and $488.0 million as of June 30, 2026 and March 31, 2026, respectively)
1,940,645 616,844 95 %86 %
Total investments of Consolidated Funds$2,035,883 $715,335 100 %100 %
The following table summarizes the net realized and unrealized gains (losses) from investment activities of the Consolidated Funds:
Three Months Ended June 30,
20262025
Investment Income of Consolidated Funds:
Net realized gains on investments$35,306 $872 
Net unrealized gains (losses) on investments
(32,462)20,799 
Total investment income of Consolidated Funds$2,844 $21,671