Revenue

6 Months Ended

Sep. 30, 2022

Revenue from Contract with Customer [Abstract]

Revenue

Revenue

The following table presents revenues disaggregated by product offering, which aligns with the identified performance obligations and the basis for calculating each amount:

	Three Months Ended September 30,				Six Months Ended September 30,
Management and advisory fees	2022		2021		2022		2021
Specialized funds	$	47,150	$	36,314	$	90,799	$	69,702
Customized separate accounts	29,383		24,934		57,758		49,434
Advisory	6,211		6,297		12,460		12,663
Reporting and other	6,133		5,709		12,450		10,991
Distribution management	771		2,022		1,267		6,143
Fund reimbursement revenue	3,232		658		4,092		885
Total management and advisory fees	$	92,880	$	75,934	$	178,826	$	149,818

	Three Months Ended September 30,				Six Months Ended September 30,
Incentive fees	2022		2021		2022		2021
Specialized funds	$	51,929	15,478		$	94,137	$	17,137
Customized separate accounts	7,308		5,884		14,623		6,589
Consolidated variable interest related:
Specialized funds	1,265		(976)		1,305		1,771
Total incentive fees	$	60,502	$	20,386	$	110,065	$	25,497