Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2019	Mar. 31, 2019
Assets
Cash and cash equivalents	$ 71,899	$ 49,357
Restricted cash	3,184	2,233
Fees receivable	17,628	20,320
Prepaid expenses	5,401	4,714
Due from related parties	4,198	2,628
Furniture, fixtures and equipment, net	8,026	8,108
Lease right-of-use assets, net	9,689
Investments	174,134	154,491
Deferred income taxes	140,745	107,726
Other assets	10,478	11,014
Total assets	445,382	360,591
Liabilities and Equity
Accounts payable	1,964	2,619
Accrued compensation and benefits	20,689	12,216
Deferred incentive fee revenue	3,704	3,704
Debt	69,107	70,954
Accrued members’ distributions	3,836	17,081
Payable to related parties pursuant to tax receivable agreement	101,322	69,636
Dividends payable	8,023	5,673
Lease liabilities	10,471
Other liabilities (includes $15,913 and $0 at fair value)	21,635	8,986
Total liabilities	240,751	190,869
Commitments and Contingencies
Preferred stock, $0.001 par value, 10,000,000 authorized, none issued	0	0
Additional paid-in-capital	107,718	92,482
Accumulated other comprehensive (loss) income	(7)	7
Total Hamilton Lane Incorporated stockholders’ equity	136,761	110,226
Total equity	204,631	169,722
Total liabilities and equity	445,382	360,591
Common Class A
Liabilities and Equity
Common stock	30	27
Common Class B
Liabilities and Equity
Common stock	22	24
General Partnerships
Liabilities and Equity
Stockholders' equity attributable to noncontrolling interest	5,592	5,716
Hamilton Lane Advisors, L.L.C.
Liabilities and Equity
Retained earnings	28,998	17,686
Stockholders' equity attributable to noncontrolling interest	$ 62,278	$ 53,780