Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2023	Mar. 31, 2023
Assets
Fees receivable	$ 61,800	$ 47,140
Prepaid expenses	6,534	9,817
Due from related parties	7,822	7,186
Furniture, fixtures and equipment, net	31,814	28,425
Lease right-of-use assets, net	64,543	62,327
Investments	558,268	530,921
Deferred income taxes	229,791	233,912
Assets of consolidated variable interest entities:
Investments	558,268	530,921
Total assets	1,358,656	1,140,543
Liabilities and equity
Accounts payable	3,542	4,559
Accrued compensation and benefits	47,151	24,190
Accrued members’ distributions	12,338	15,723
Accrued dividend	16,784	15,049
Debt	197,346	213,533
Payable to related parties pursuant to tax receivable agreement	173,818	174,702
Lease liabilities	80,935	78,817
Liabilities of consolidated variable interest entities:
Total liabilities	577,088	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	179,215	171,567
Total Hamilton Lane Incorporated stockholders’ equity	462,520	415,444
Total equity	781,568	574,192
Total liabilities and equity	1,358,656	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	128,098	99,686
Restricted cash	4,965	4,804
Investments	558,268	530,921
Other assets	40,460	46,784
Assets of consolidated variable interest entities:
Cash and cash equivalents	128,098	99,686
Investments	558,268	530,921
Other assets	40,460	46,784
Liabilities and equity
Other liabilities (includes $12,373 and $14,228 at fair value)	34,798	32,856
Liabilities of consolidated variable interest entities:
Other liabilities	34,798	32,856
Consolidated VIEs
Assets
Cash and cash equivalents	101,712	12,062
Investments	118,530	57,044
Other assets	4,319	435
Assets of consolidated variable interest entities:
Cash and cash equivalents	101,712	12,062
Investments	118,530	57,044
Other assets	4,319	435
Liabilities and equity
Other liabilities (includes $12,373 and $14,228 at fair value)	10,376	6,922
Liabilities of consolidated variable interest entities:
Other liabilities	10,376	6,922
General Partnerships
Liabilities of consolidated variable interest entities:
Stockholders' equity attributable to noncontrolling interest	4,408	3,877
Hamilton Lane Advisors, L.L.C.
Liabilities of consolidated variable interest entities:
Retained earnings	283,251	243,823
Hamilton Lane Advisors, L.L.C.
Liabilities of consolidated variable interest entities:
Stockholders' equity attributable to noncontrolling interest	147,567	135,702
Consolidated Funds
Liabilities of consolidated variable interest entities:
Stockholders' equity attributable to noncontrolling interest	$ 167,073	$ 19,169