Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2023	Mar. 31, 2023
Assets
Fees receivable	$ 65,864	$ 47,140
Prepaid expenses	8,007	9,817
Due from related parties	7,963	7,186
Furniture, fixtures and equipment, net	30,360	28,425
Lease right-of-use assets, net	64,396	62,327
Investments	546,080	530,921
Deferred income taxes	229,259	233,912
Assets of consolidated variable interest entities:
Investments	546,080	530,921
Total assets	1,200,094	1,140,543
Liabilities and equity
Accounts payable	5,574	4,559
Accrued compensation and benefits	32,525	24,190
Accrued members’ distributions	11,464	15,723
Accrued dividend	16,780	15,049
Debt	197,939	213,533
Payable to related parties pursuant to tax receivable agreement	173,818	174,702
Lease liabilities	80,994	78,817
Liabilities of consolidated variable interest entities:
Total liabilities	558,394	566,351
Commitments and contingencies (Note 15)
Preferred stock, $0.001 par value, 10,000,000 authorized, none issued	0	0
Additional paid-in-capital	176,673	171,567
Total Hamilton Lane Incorporated stockholders’ equity	434,768	415,444
Total equity	641,700	574,192
Total liabilities and equity	1,200,094	1,140,543
Class A Common Stock
Liabilities of consolidated variable interest entities:
Common stock	39	39
Class B Common Stock
Liabilities of consolidated variable interest entities:
Common stock	15	15
Consolidated Entity Excluding Variable Interest Entities (VIE)
Assets
Cash and cash equivalents	100,255	99,686
Restricted cash	4,805	4,804
Investments	546,080	530,921
Other assets	28,092	46,784
Assets of consolidated variable interest entities:
Cash and cash equivalents	100,255	99,686
Investments	546,080	530,921
Other assets	28,092	46,784
Liabilities and equity
Other liabilities (includes $14,149 and $14,228 at fair value)	33,376	32,856
Liabilities of consolidated variable interest entities:
Other liabilities	33,376	32,856
Consolidated VIEs
Assets
Cash and cash equivalents	24,909	12,062
Investments	88,260	57,044
Other assets	1,844	435
Assets of consolidated variable interest entities:
Cash and cash equivalents	24,909	12,062
Investments	88,260	57,044
Other assets	1,844	435
Liabilities and equity
Other liabilities (includes $14,149 and $14,228 at fair value)	5,924	6,922
Liabilities of consolidated variable interest entities:
Other liabilities	5,924	6,922
General Partnerships
Liabilities of consolidated variable interest entities:
Stockholders' equity attributable to noncontrolling interest	4,004	3,877
Subsidiaries
Liabilities of consolidated variable interest entities:
Retained earnings	258,041	243,823
Hamilton Lane Advisors, L.L.C.
Liabilities of consolidated variable interest entities:
Stockholders' equity attributable to noncontrolling interest	138,853	135,702
Consolidated Funds
Liabilities of consolidated variable interest entities:
Stockholders' equity attributable to noncontrolling interest	$ 64,075	$ 19,169