v3.26.1
Debt Obligations (Tables)
 3 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Schedule of Debt Obligations
The Company’s debt obligations consist of the following:
As of
June 30, 2026March 31, 2026
Series A senior notes$175,000 $175,000 
Revolver100,000 100,000 
Total remaining principal275,000 275,000 
Less: Debt issuance costs(4,102)(4,428)
Total debt obligations$270,898 $270,572 
The debt obligations of the Consolidated Funds consist of the following:
As of
June 30, 2026March 31, 2026
Senior secured notes(1)
$736,863 $736,863 
Subordinated notes(2)
207,567 194,322 
Lines of credit236,213 — 
Total debt obligations of Consolidated Funds(3)
$1,180,643 $931,185 
_______________________________
(1)As of June 30, 2026, the weighted-average interest rate for the senior secured notes was 7.57%. 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 June 30, 2026 and March 31, 2026, the unpaid principal balance of debt obligations of Consolidated Funds was $1,199.0 million and $931.2 million, respectively.