Related Party Transactions

6 Months Ended

Sep. 30, 2023

Related Party Transactions [Abstract]

Related Party Transactions

13. 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 $83,717 and $164,020 for the three and six months ended September 30, 2023, respectively, and $67,334 and $128,044 for the three and six months ended September 30, 2022, respectively. The Company earned incentive fees from Partnerships of $16,602 and $35,227 for the three and six months ended September 30, 2023, respectively, and $59,714 and $108,893 for the three and six months ended September 30, 2022, respectively.

Fees receivable from the Partnerships were $43,503 and $31,684 as of September 30, 2023 and March 31, 2023, respectively, and are included in fees receivable in the Condensed Consolidated Balance Sheets.