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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Operating activities:    
Net income $ 150,382 $ 135,750
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 5,774 5,600
Change in deferred income taxes 7,990 14,892
Change in payable to related parties pursuant to tax receivable agreement (884) (1,105)
Equity-based compensation 9,227 6,816
Equity in (income) loss of investees (20,071) 7,493
Net realized loss (gain) on sale of investments 288 (9,783)
Fair value adjustment of other investments 45 (18,578)
Proceeds received from partnerships 22,160 11,877
Non-cash lease expense 6,796 5,370
Gain on sale of intangible asset 0 2,771
Impairment of other investment 0 43,289
Other 511 (2,864)
Changes in operating assets and liabilities:    
Fees receivable (20,611) (205)
Prepaid expenses 399 (220)
Due from related parties (2,346) (5,911)
Other assets 17,114 (5,309)
Accounts payable (1,246) (782)
Accrued compensation and benefits 33,858 45,644
Lease liability (6,345) (5,581)
Other liabilities 319 (11,548)
Consolidated variable interest entities related:    
Net cash provided by operating activities 99,140 213,371
Investing activities:    
Purchase of furniture, fixtures and equipment (9,463) (3,261)
Cash paid for acquisition of business 0 (1,500)
Loans to investees 0 (2,535)
Purchase of investments (6,352) (34,125)
Proceeds from sale of investments 1,343 10,000
Distributions from investments 0 1,406
Proceeds from sale of intangible assets 2,562 0
Distributions received from Partnerships 10,730 15,990
Contributions to Partnerships (34,985) (63,364)
Net cash (used in) provided by investing activities (93,997) 201,565
Financing activities:    
Borrowings of debt 0 31,682
Repayments of debt (1,875) (3,873)
Draw-down on revolver 10,000 25,000
Repayment of revolver (25,000) (25,000)
Repurchase of Class A shares for employee tax withholding (269) (162)
Proceeds received from issuance of shares under Employee Share Purchase Plan 1,666 1,441
Dividends paid (48,613) (42,550)
Members’ distributions paid (31,817) (45,828)
Consolidated variable interest entities related:    
Net cash provided by (used in) financing activities 47,740 (338,038)
Increase in cash and cash equivalents, restricted cash, and cash and cash equivalents held at consolidated variable interest entities 52,883 76,898
Cash and cash equivalents, restricted cash, and cash and cash equivalents held at consolidated variable interest entities at beginning of the period 116,552 76,197
Cash and cash equivalents, restricted cash, and cash and cash equivalents held at consolidated variable interest entities at end of the period 169,435 153,095
Reconciliation of Cash and Cash Equivalents, Restricted Cash and Cash and Cash Equivalents Held at Consolidated Variable Interest Entities to the Condensed Consolidated Balance Sheets:    
Total cash and cash equivalents, restricted cash, and cash and cash equivalents held at consolidated variable interest entities 169,435 153,095
Consolidated VIEs    
Adjustments to reconcile net income to net cash provided by operating activities:    
Fair value adjustment of other investments (1,406) 0
Consolidated variable interest entities related:    
Change in warrant liability measured at fair value 0 (2,883)
Cash relinquished with deconsolidation of fund 101,712 0
Equity in income of investees (660) (1,030)
Other assets and liabilities (442) (332)
Investing activities:    
Purchase of investments, VIE (57,832)  
Proceeds from sale of investments, VIE   278,954
Consolidated variable interest entities related:    
Contributions from non-controlling interests in general partnerships 769 687
Distributions to non-controlling interests in general partnerships (45) (1,230)
Redemption of Class A common shares of Hamilton Lane Alliance Holdings I, Inc. 0 (278,205)
Contributions from non-controlling interests in consolidated funds 142,924 0
Reconciliation of Cash and Cash Equivalents, Restricted Cash and Cash and Cash Equivalents Held at Consolidated Variable Interest Entities to the Condensed Consolidated Balance Sheets:    
Cash and cash equivalents 0 3,909
Consolidated entity, excluding VIE    
Reconciliation of Cash and Cash Equivalents, Restricted Cash and Cash and Cash Equivalents Held at Consolidated Variable Interest Entities to the Condensed Consolidated Balance Sheets:    
Cash and cash equivalents 164,450 146,070
Restricted cash $ 4,985 $ 3,116