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Revenue
9 Months Ended
Dec. 31, 2023
Revenue from Contract with Customer [Abstract]  
Revenue
3. Revenue
The following table presents revenues disaggregated by product offering, which aligns with the identified performance obligations and the basis for calculating each amount:

Three Months Ended
December 31,
Nine Months Ended December 31,
Management and advisory fees2023202220232022
Specialized funds$64,871 $53,299 $184,972 $144,099 
Customized separate accounts32,943 29,571 96,702 87,329 
Advisory6,085 6,613 18,392 19,073 
Reporting and other6,479 6,720 18,298 19,170 
Distribution management1,512 596 3,979 1,863 
Fund reimbursement revenue1,751 556 5,889 4,648 
Total management and advisory fees$113,641 $97,355 $328,232 $276,182 
Three Months Ended
December 31,
Nine Months Ended December 31,
Incentive fees2023202220232022
Specialized funds$10,542 $8,679 $43,204 $102,815 
Customized separate accounts1,081 15,396 5,741 30,020 
Consolidated variable interest entities related:
Specialized funds— 5,644 — 6,948 
Total incentive fees$11,623 $29,719 $48,945 $139,783