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Related-Party Transactions
3 Months Ended
Jun. 30, 2022
Related Party Transactions [Abstract]  
Related-Party Transactions Related-Party Transactions
The Company considers its employees, directors, and equity method investments to be related parties.

Revenue and Receivables

The Company has investment management agreements with various specialized funds and customized separate accounts that it manages. The Company earned management and advisory fees from Partnerships of $60,711 for the three months ended June 30, 2022 and $46,422 for the three months ended June 30, 2021. The Company earned incentive fees from Partnerships of $49,178 for the three months ended June 30, 2022, and $4,575 for the three months ended June 30, 2021.

Fees receivable from the Partnerships were $31,866 and $27,728 as of June 30, 2022 and March 31, 2022, respectively, and are included in fees receivable in the Condensed Consolidated Balance Sheets.

Expenses and Payables

The Company maintains a service agreement with its joint venture pursuant to which it had expenses of $1,104 for the three months ended June 30, 2022 and $1,020 for the three months ended June 30, 2021, that are included in general, administrative and other expenses in the Condensed Consolidated Statements of Income. The Company also had a payable to the joint venture of $373 and $752 as of June 30, 2022 and March 31, 2022, respectively, which is included in other liabilities in the Condensed Consolidated Balance Sheets.