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Investments (Tables) | 3 Months Ended
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Jun. 30, 2024
Equity Method Investments and Joint Ventures [Abstract] |
Schedule of Equity Method Investments | The Company’s equity method investments consist of the following:
| As of
| June 30, 2024 |  | March 31, 2024
Investments in funds(1) | $ | 145,519 |  |  | $ | 135,043 |
Accrued carried interest allocations | 1,328,853 |  |  | 1,354,051 |
Legacy Greenspring investments in funds and accrued carried interest allocations(2) | 617,539 |  |  | 631,197 |
Total equity method investments | $ | 2,091,911 |  |  | $ | 2,120,291 |
_______________________________ (1)The Company’s investments in funds were $217.9 million and $204.8 million as of June 30, 2024 and March 31, 2024, respectively. The consolidation of the Consolidated Funds results in the elimination of the Company’s investments in such funds. (2)Reflects investments in funds of $147.5 million and $147.0 million and carried interest allocations of $470.0 million and $484.2 million as of June 30, 2024 and March 31, 2024, respectively. The Company recognized equity method income (loss) of the following:
| Three Months Ended June 30, |  |
| 2024 |  | 2023 |  |  |  |
Carried interest allocations | $ | 16,634 |  |  | $ | 63,837 |  |  |  |  |
Investment income | 2,595 |  |  | 3,086 |  |  |  |  |
Legacy Greenspring carried interest allocations | (9,089) |  |  | (23,947) |  |  |  |  |
Legacy Greenspring investment loss | (1,255) |  |  | (2,866) |  |  |  |  |
Total equity method income | $ | 8,885 |  |  | $ | 40,110 |  |  |  |  |
Schedule of Investments of Consolidated Funds | Investments held by the Consolidated Funds are summarized below:
| Fair Value as of |  | Percentage of Total Investments as of
| June 30, 2024 |  | March 31, 2024 |  | June 30, 2024 |  | March 31, 2024
Investments of Consolidated Funds: |  |  |  |  |  |  |
Equity securities (cost of $21.9 million and $15.6 million as of June 30, 2024 and March 31, 2024, respectively) | $ | 24,553 |  |  | $ | 17,028 |  |  | 16 | % |  | 13 | %
Partnership and LLC interests (cost of $93.3 million and $76.0 million as of June 30, 2024 and March 31, 2024, respectively) | 133,669 |  |  | 114,830 |  |  | 84 | % |  | 87 | %
Total investments of Consolidated Funds | $ | 158,222 |  |  | $ | 131,858 |  |  | 100 | % |  | 100 | %
The following table summarizes the net realized and unrealized gains (losses) from investment activities of the Consolidated Funds:
| Three Months Ended June 30, |  |
| 2024 |  | 2023 |  |  |  |
Investments of Consolidated Funds: |  |  |  |  |  |  |
Net realized gains on investments | $ | 327 |  |  | $ | — |  |  |  |  |
Net unrealized gains on investments | 7,308 |  |  | 2,362 |  |  |  |  |

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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3 + Details
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