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Condensed Consolidated Statements of Cash Flows (Unaudited)
$ in Thousands
 3 Months Ended
Jun. 30, 2021
USD ($)
Jun. 30, 2020
USD ($)
Cash flows from operating activities    
Net income (loss) $ 126,519 $ (52,360)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 1,180 1,374
Unrealized carried interest allocation and investment income (180,412) 136,333
Unrealized performance fee-related compensation 85,572 (68,675)
Amortization of deferred financing costs 0 198
Equity-based compensation 3,742 483
Change in deferred income taxes 12,554 (10)
Other non-cash activities 416 0
Changes in operating assets and liabilities:    
Fees and accounts receivable (9,908) (9,324)
Due from affiliates 655 3,574
Other assets and receivables 3,822 2,215
Accounts payable, accrued expenses and other liabilities 3,429 1,207
Accrued compensation and benefits 16,779 14,362
Accrued carried interest-related compensation 11,348 (447)
Due to affiliates (839) (9)
Lease right-of-use assets, net and lease liabilities 266 0
Net cash provided by operating activities 75,123 28,921
Cash flows from investing activities    
Contributions to investments (6,103) (1,703)
Distributions received from investments 1,606 437
Purchases of property and equipment (1,194) (344)
Other investing activities 31 0
Net cash used in investing activities (5,660) (1,610)
Cash flows from financing activities    
Sale of non-controlling interests 0 3,308
Proceeds from capital contributions from non-controlling interests 21 15
Payment of deferred offering costs (1,079) 0
Principal payments on term loan 0 (375)
Distributions to non-controlling interests (29,487) (29,306)
Other financing activities (2) (271)
Net cash used in financing activities (30,547) (26,629)
Effect of foreign currency exchange rate changes (188) 90
Net increase in cash, cash equivalents and restricted cash 38,728 772
Cash, cash equivalents and restricted cash at beginning of period 183,863 89,939
Cash, cash equivalents and restricted cash at end of period 222,591 90,711
Non-cash operating, investing, and financing activities:    
Purchase of non-controlling partnership interests payable 0 3,308
Accrued dividends 3,000 0
Deferred tax effect resulting from exchange of Class B units, net of amounts payable under Tax Receivable Agreements 3,401 0
Establishment of lease liabilities in exchange for lease right-of-use assets 76,893 0
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 218,580 90,711
Restricted cash 4,011 0
Total cash, cash equivalents and restricted cash $ 222,591 $ 90,711