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Revenues (Tables) | 12 Months Ended
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Mar. 31, 2024
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | The following presents revenues disaggregated by product offering, which aligns with the Company’s performance obligations and the basis for calculating each amount:
| Year Ended March 31,
Management and Advisory Fees, Net | 2024 |  | 2023 |  | 2022
Focused commingled funds(1) | $ | 295,927 |  |  | $ | 227,003 |  |  | $ | 148,725 |
SMAs | 223,958 |  |  | 210,187 |  |  | 174,318 |
Advisory and other services | 60,057 |  |  | 56,244 |  |  | 55,523 |
Fund reimbursement revenues | 5,198 |  |  | 3,745 |  |  | 1,691 |
Total management and advisory fees, net | $ | 585,140 |  |  | $ | 497,179 |  |  | $ | 380,257 |
_______________________________ (1)Includes BDC income-based incentive fees of $1.4 million, $0 million and $0 million for the years ended March 31, 2024, 2023 and 2022, respectively.
| Year Ended March 31,
Incentive Fees | 2024 |  | 2023 |  | 2022
SMAs | $ | 16,294 |  |  | $ | 6,606 |  |  | $ | 11,441 |
Focused commingled funds | 9,045 |  |  | 3,057 |  |  | 152 |
Total incentive fees | $ | 25,339 |  |  | $ | 9,663 |  |  | $ | 11,593 |
| Year Ended March 31,
Carried Interest Allocations | 2024 |  | 2023 |  | 2022
SMAs | $ | 142,411 |  |  | $ | (110,020) |  |  | $ | 555,449 |
Focused commingled funds | 33,898 |  |  | (12,233) |  |  | 231,120 |
Total carried interest allocations | $ | 176,309 |  |  | $ | (122,253) |  |  | $ | 786,569 |
| Year Ended March 31,
Legacy Greenspring Carried Interest Allocations | 2024 |  | 2023 |  | 2022
SMAs | $ | 1,029 |  |  | $ | — |  |  | $ | — |
Focused commingled funds | (76,186) |  |  | (452,163) |  |  | 187,106 |
Total legacy Greenspring carried interest allocations(1) | $ | (75,157) |  |  | $ | (452,163) |  |  | $ | 187,106 |
_______________________________ (1)The years ended March 31, 2024, 2023, and 2022 reflect the net effect of gross realized carried interest allocations of $59.7 million, $74.7 million, and $92.2 million, respectively, and the reversal of such amounts in unrealized carried interest allocations for such periods.
Revenue from External Customers by Geographic Areas | The Company derives revenues from clients located in both the United States and other countries. The table below presents the Company’s revenues by geographic location:
| Year Ended March 31,
Revenues(1) | 2024 |  | 2023 |  | 2022
United States | $ | 191,373 |  |  | $ | (238,441) |  |  | $ | 428,282 |
Non-U.S. countries | 520,258 |  |  | 170,867 |  |  | 937,243 |
_______________________________ (1)Revenues are attributed to countries based on client location for SMAs and advisory and other services, or location of investment vehicle for focused commingled funds.

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- Definition Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph a -SubTopic 10 -Topic 280 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 + Details
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