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Investments (Tables)
 3 Months Ended
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, 2024March 31, 2024
Investments in funds(1)
$145,519 $135,043 
Accrued carried interest allocations1,328,853 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 
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(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,
20242023
Carried interest allocations$16,634 $63,837 
Investment income2,595 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 ofPercentage of Total Investments as of
June 30, 2024March 31, 2024June 30, 2024March 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,
20242023
Investments of Consolidated Funds:
Net realized gains on investments$327 $— 
Net unrealized gains on investments
7,308 2,362