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Investments (Tables)

9 Months Ended

Dec. 31, 2019

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Investments

Investments consist of the following:

			December 31,						March 31,
			2019						2019
Equity method investments in Partnerships			$	159,984					$	122,505
Equity method investments in Partnerships held by consolidated VIEs			11,183						11,648
Other equity method investments			1,069						1,086
Other investments			16,395						12,488
Investments valued under the measurement alternative			4,537						6,764
Total Investments			$	193,168					$	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 September 30, 2019			$	5,836					$	3,093					$	6,984					$	15,913
Contributions			392						—						—						392
Distributions			(748)						—						—						(748)
Net gain			457						36						345						838
Balance as of December 31, 2019			$	5,937					$	3,129					$	7,329					$	16,395

			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
Contributions			2,484						—						1,875						4,359
Distributions			(748)						(973)						—						(1,721)
Net gain			467						162						640						1,269
Balance as of December 31, 2019			$	5,937					$	3,129					$	7,329					$	16,395

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, as of December 31, 2019:

Significant

Fair

Valuation

Unobservable

Weighted

Value

Methodology

Inputs

Range

Average

Private equity funds

$

5,937

Adjusted net asset value

Selected market return

4.7%

-

4.7%

4.7%

Direct credit co-investments

$

3,129

Recent precedent transactions

Discounted cash flow

Market yield

9.7%

-

10.1%

9.86%

Direct equity co-investments

$

7,329

Market approach

EBITDA multiple

8.0x

-

13.25x

10.87x

Market approach

Equity multiple

1.25x

1.25x

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Reconciliation Of Other Investments

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A table of investments, shown as a text block.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Article 6
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Tabular disclosure of the assumptions used to determine for pension plans and/or other employee benefit plans the benefit obligation and net benefit cost, including assumed discount rates, rate increase in compensation increase, and expected long-term rates of return on plan assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
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