Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2024	Mar. 31, 2024
Assets
Fees receivable	$ 141,099	$ 108,291
Prepaid expenses	7,494	11,073
Furniture, fixtures and equipment, net	32,632	33,013
Lease right-of-use assets, net	62,453	62,425
Investments	620,667	603,697
Deferred income taxes	259,301	261,887
Assets of consolidated variable interest entities:
Investments	620,667	603,697
Total assets	1,371,913	1,271,200
Liabilities and equity
Accounts payable	4,683	4,505
Accrued compensation and benefits	68,236	35,979
Accrued members’ distributions	21,638	23,815
Accrued dividend	19,451	17,628
Debt	195,565	196,159
Lease liabilities	78,916	79,033
Liabilities of consolidated variable interest entities:
Total liabilities	635,083	595,242
Commitments and contingencies (Note 15)
Additional paid-in-capital	210,099	208,402
Total Hamilton Lane Incorporated stockholders’ equity	566,363	525,153
Total equity	736,830	675,958
Total liabilities and equity	1,371,913	1,271,200
Related Party
Assets
Due from related parties	14,199	8,150
Liabilities and equity
Payable to related parties pursuant to tax receivable agreement	200,346	201,422
Class A Common Stock
Liabilities of consolidated variable interest entities:
Common stock	41	41
Class B Common Stock
Liabilities of consolidated variable interest entities:
Common stock	14	14
Consolidated entity, excluding VIE
Assets
Cash and cash equivalents	151,663	114,634
Restricted cash	4,799	4,985
Investments	620,667	603,697
Other assets	34,136	34,435
Assets of consolidated variable interest entities:
Cash and cash equivalents	151,663	114,634
Investments	620,667	603,697
Other assets	34,136	34,435
Liabilities and equity
Other liabilities (includes $13,871 and $13,071 at fair value)	37,734	36,700
Liabilities of consolidated variable interest entities:
Other liabilities	37,734	36,700
Consolidated VIEs
Assets
Cash and cash equivalents	14,614	0
Investments	28,804	28,575
Other assets	52	35
Assets of consolidated variable interest entities:
Cash and cash equivalents	14,614	0
Investments	28,804	28,575
Other assets	52	35
Liabilities and equity
Other liabilities (includes $13,871 and $13,071 at fair value)	8,514	1
Liabilities of consolidated variable interest entities:
Other liabilities	8,514	1
General Partnerships
Liabilities of consolidated variable interest entities:
Stockholders' equity attributable to noncontrolling interest	5,389	5,043
Hamilton Lane Advisors, L.L.C.
Liabilities of consolidated variable interest entities:
Retained earnings	356,209	316,696
Hamilton Lane Advisors, L.L.C.
Liabilities of consolidated variable interest entities:
Stockholders' equity attributable to noncontrolling interest	160,446	145,762
Consolidated Funds
Liabilities of consolidated variable interest entities:
Stockholders' equity attributable to noncontrolling interest	$ 4,632	$ 0