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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Dec. 31, 2023
Mar. 31, 2023
Assets    
Fees receivable $ 67,751 $ 47,140
Prepaid expenses 9,418 9,817
Due from related parties 9,969 7,186
Furniture, fixtures and equipment, net 33,389 28,425
Lease right-of-use assets, net 63,432 62,327
Investments 587,771 530,921
Deferred income taxes 225,922 233,912
Assets of consolidated variable interest entities:    
Investments 587,771 530,921
Total assets 1,208,824 1,140,543
Liabilities and equity    
Accounts payable 3,313 4,559
Accrued compensation and benefits 58,048 24,190
Accrued members’ distributions 21,216 15,723
Accrued dividend 16,793 15,049
Debt 196,752 213,533
Payable to related parties pursuant to tax receivable agreement 173,818 174,702
Lease liabilities 80,373 78,817
Liabilities of consolidated variable interest entities:    
Total liabilities 584,718 566,351
Commitments and contingencies (Note 15)
Preferred stock, $0.001 par value, 10,000,000 authorized, none issued 0 0
Additional paid-in-capital 181,929 171,567
Total Hamilton Lane Incorporated stockholders’ equity 467,947 415,444
Total equity 624,106 574,192
Total liabilities and equity 1,208,824 1,140,543
Class A Common Stock    
Liabilities of consolidated variable interest entities:    
Common stock 39 39
Class B Common Stock    
Liabilities of consolidated variable interest entities:    
Common stock 15 15
Consolidated entity, excluding VIE    
Assets    
Cash and cash equivalents 164,450 99,686
Restricted cash 4,985 4,804
Investments 587,771 530,921
Other assets 25,830 46,784
Assets of consolidated variable interest entities:    
Cash and cash equivalents 164,450 99,686
Investments 587,771 530,921
Other assets 25,830 46,784
Liabilities and equity    
Other liabilities (includes $13,123 and $14,228 at fair value) 34,403 32,856
Liabilities of consolidated variable interest entities:    
Other liabilities 34,403 32,856
Consolidated VIEs    
Assets    
Cash and cash equivalents 0 12,062
Investments 15,855 57,044
Other assets 52 435
Assets of consolidated variable interest entities:    
Cash and cash equivalents 0 12,062
Investments 15,855 57,044
Other assets 52 435
Liabilities and equity    
Other liabilities (includes $13,123 and $14,228 at fair value) 2 6,922
Liabilities of consolidated variable interest entities:    
Other liabilities 2 6,922
General Partnerships    
Liabilities of consolidated variable interest entities:    
Stockholders' equity attributable to noncontrolling interest 4,772 3,877
Hamilton Lane Advisors, L.L.C.    
Liabilities of consolidated variable interest entities:    
Retained earnings 285,964 243,823
Hamilton Lane Advisors, L.L.C.    
Liabilities of consolidated variable interest entities:    
Stockholders' equity attributable to noncontrolling interest 151,387 135,702
Consolidated Funds    
Liabilities of consolidated variable interest entities:    
Stockholders' equity attributable to noncontrolling interest $ 0 $ 19,169