Revenue

9 Months Ended

Dec. 31, 2022

Revenue from Contract with Customer [Abstract]

Revenue

3. 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 December 31,				Nine Months Ended December 31,
Management and advisory fees	2022		2021		2022		2021
Specialized funds	$	53,299	$	38,233	$	144,099	$	107,935
Customized separate accounts	29,571		25,982		87,329		75,416
Advisory	6,613		6,119		19,073		18,781
Reporting and other	6,720		5,992		19,170		16,983
Distribution management	596		3,170		1,863		9,313
Fund reimbursement revenue	556		340		4,648		1,225
Total management and advisory fees	$	97,355	$	79,836	$	276,182	$	229,653

	Three Months Ended December 31,				Nine Months Ended December 31,
Incentive fees	2022		2021		2022		2021
Specialized funds	$	8,679	$	6,765	$	102,815	$	23,903
Customized separate accounts	15,396		3,725		30,020		10,314
Consolidated variable interest related:
Specialized funds	5,644		1,378		6,948		3,149
Total incentive fees	$	29,719	$	11,868	$	139,783	$	37,366