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Revenues (Tables) | 3 Months Ended
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Jun. 30, 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:
| Three Months Ended June 30, |  |
Management and Advisory Fees, Net | 2024 |  | 2023 |  |  |  |
Focused commingled funds(1) | $ | 104,435 |  |  | $ | 67,006 |  |  |  |  |
SMAs | 57,376 |  |  | 55,744 |  |  |  |  |
Advisory and other services | 14,769 |  |  | 14,101 |  |  |  |  |
Fund reimbursement revenues | 1,435 |  |  | 1,264 |  |  |  |  |
Total management and advisory fees, net | $ | 178,015 |  |  | $ | 138,115 |  |  |  |  |
_______________________________ (1)Includes BDC income-based incentive fees of $1.1 million for the three months ended June 30, 2024. There were no income-based incentive fees for the three months ended June 30, 2023.
| Three Months Ended June 30, |  |
Incentive Fees | 2024 |  | 2023 |  |  |  |
SMAs | $ | 800 |  |  | $ | 6 |  |  |  |  |
Focused commingled funds | 41 |  |  | — |  |  |  |  |
Total incentive fees | $ | 841 |  |  | $ | 6 |  |  |  |  |
| Three Months Ended June 30, |  |
Carried Interest Allocations | 2024 |  | 2023 |  |  |  |
SMAs | $ | (2,809) |  |  | $ | 40,136 |  |  |  |  |
Focused commingled funds | 19,443 |  |  | 23,701 |  |  |  |  |
Total carried interest allocations | $ | 16,634 |  |  | $ | 63,837 |  |  |  |  |
| Three Months Ended June 30, |  |
Legacy Greenspring Carried Interest Allocations | 2024 |  | 2023 |  |  |  |
SMAs | $ | 199 |  |  | $ | — |  |  |  |  |
Focused commingled funds | (9,288) |  |  | (23,947) |  |  |  |  |
Total legacy Greenspring carried interest allocations(1) | $ | (9,089) |  |  | $ | (23,947) |  |  |  |  |
_______________________________ (1)The three months ended June 30, 2024 and 2023 reflect the net effect of gross realized carried interest allocations of $6.6 million and $0.9 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:
| Three Months Ended June 30, |  |
Revenues(1) | 2024 |  | 2023 |  |  |  |
United States | $ | 71,758 |  |  | $ | 45,093 |  |  |  |  |
Non-U.S. countries | 114,643 |  |  | 132,918 |  |  |  |  |
_______________________________ (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 disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
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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 -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
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