Investments (Tables)

6 Months Ended

Sep. 30, 2019

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Investments

Investments consist of the following:

	September 30,		March 31,
	2019		2019
Equity method investments in Partnerships	$	140,560	$	122,505
Equity method investments in Partnerships held by consolidated VIEs	11,485		11,648
Other equity method investments	1,461		1,086
Other investments	15,913		12,488
Investments valued under the measurement alternative	4,715		6,764
Total Investments	$	174,134	$	154,491

Reconciliation of Other Investments

The following is a reconciliation of other investments for which significant unobservable inputs (Level 3) were used in determining value:

	Private equity funds		Direct credit co-investments		Direct equity co-investments		Total other investments
Balance as of June 30, 2019	$	5,911	$	4,013	$	6,689	$	16,613
Purchases	—		—		—		—
Sales / Maturities	—		(973)		—		(973)
Net (loss) gain	(75)		53		295		273
Balance as of September 30, 2019	$	5,836	$	3,093	$	6,984	$	15,913

	Private equity funds		Direct credit co-investments		Direct equity co-investments		Total other investments
Balance as of March 31, 2019	$	3,734	$	3,940	$	4,814	$	12,488
Purchases	2,092		—		1,875		3,967
Sales / Maturities	—		(973)		—		(973)
Net gain	10		126		295		431
Balance as of September 30, 2019	$	5,836	$	3,093	$	6,984	$	15,913

Schedule of Assumptions Used

The valuation methodologies, significant unobservable inputs, range of inputs and the weighted average input determined based upon relative fair value of the investments used in recurring Level 3 fair value measurements of assets were as follows:

				Significant
	Fair		Valuation	Unobservable				Weighted
	Value		Methodology	Inputs	Range			Average
Private equity funds	$	5,836	Adjusted net asset value	Selected market return	3.8%	-	5.2%	4.7%
Direct credit co-investments	$	3,093	Recent precedent transactions
			Discounted cash flow	Market yield	10.2%	-	11.5%	10.7%
Direct equity co-investments	$	6,984	Recent precedent transactions
			Market approach	EBITDA multiple	10.25x	-	12.75x	11.2x
			Market approach	Equity multiple	1.25x			1.25x

For the significant unobservable inputs listed i