Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2025	Mar. 31, 2025
Assets
Fees receivable	$ 158,061	$ 181,411
Prepaid expenses	10,595	11,258
Furniture, fixtures and equipment, net	36,828	37,586
Lease right-of-use assets, net	59,849	61,413
Investments	674,453	664,354
Deferred income taxes	301,970	308,525
Assets of Consolidated Funds and Partnerships:
Investments	674,453	664,354
Total assets	1,802,038	1,690,355
Liabilities and equity
Accounts payable	6,508	5,469
Accrued compensation and benefits	64,208	48,556
Accrued members’ distributions	23,845	26,810
Accrued dividend	22,342	20,233
Debt	288,582	290,303
Lease liabilities	76,910	78,017
Liabilities of Consolidated Funds and Partnerships:
Total liabilities	806,992	766,460
Commitments and contingencies (Note 15)
Additional paid-in-capital	271,691	261,856
Total Hamilton Lane Incorporated stockholders’ equity	758,801	717,281
Total equity	995,046	923,895
Total liabilities and equity	1,802,038	1,690,355
Class A Common Stock
Liabilities of Consolidated Funds and Partnerships:
Common stock	44	43
Class B Common Stock
Liabilities of Consolidated Funds and Partnerships:
Common stock	12	12
Related Party
Assets
Due from related parties	20,093	16,217
Liabilities and equity
Payable to related parties pursuant to tax receivable agreement	240,648	240,648
Consolidated entity, excluding VIE
Assets
Cash and cash equivalents	263,347	229,161
Restricted cash	6,257	6,331
Investments	674,453	664,354
Other assets	29,824	28,827
Assets of Consolidated Funds and Partnerships:
Cash and cash equivalents	263,347	229,161
Investments	674,453	664,354
Other assets	29,824	28,827
Liabilities and equity
Other liabilities (includes $11,825 and $12,190 at fair value)	57,631	55,502
Liabilities of Consolidated Funds and Partnerships:
Other liabilities	57,631	55,502
Consolidated Funds and Partnerships
Assets
Cash and cash equivalents	52,533	48,112
Investments	188,075	96,700
Other assets	153	460
Assets of Consolidated Funds and Partnerships:
Cash and cash equivalents	52,533	48,112
Investments	188,075	96,700
Other assets	153	460
Liabilities and equity
Other liabilities (includes $11,825 and $12,190 at fair value)	1,241	922
Liabilities of Consolidated Funds and Partnerships:
Subscriptions in advance	25,077	0
Other liabilities	1,241	922
Hamilton Lane Advisors, L.L.C.
Liabilities of Consolidated Funds and Partnerships:
Retained earnings	486,914	455,511
Hamilton Lane Advisors, L.L.C.
Liabilities of Consolidated Funds and Partnerships:
Stockholders' equity attributable to noncontrolling interest	189,252	176,731
General Partnerships
Liabilities of Consolidated Funds and Partnerships:
Stockholders' equity attributable to noncontrolling interest	6,185	6,024
Consolidated Funds
Liabilities of Consolidated Funds and Partnerships:
Stockholders' equity attributable to noncontrolling interest	$ 40,808	$ 23,859