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Stockholders' Equity and Redeemable Non-Controlling Interests (Tables)

3 Months Ended

Jun. 30, 2024

Equity [Abstract]

Schedule of Rollforward of the Company's Shares of Common Stock Outstanding Since IPO

The following table shows a rollforward of the Company’s shares of common stock outstanding since March 31, 2024:

			Class A Common Stock						Class B Common Stock
March 31, 2024			65,614,902						45,030,959
Class A common stock issued in exchange for Class B partnership units			1,731,807						(1,731,807)
Class A common stock issued in exchange for Class C partnership units			71,766						—
Class A common stock issued for purchase of asset class non-controlling interests			513,394						—
Class B common stock purchased at par value in connection with vesting of Class B2 units(1)			—						2,589,983
June 30, 2024			67,931,869						45,889,135

_______________________________

(1)Includes 23,417 Class B units issuable pursuant to anti-dilution rights in connection with the vesting of Class B2 units.

Noncontrolling Interests In Consolidated Funds

The following table summarizes the activities associated with the redeemable non-controlling interests in Consolidated Funds:

			Three Months Ended June 30,
			2024						2023
Beginning balance			$	102,623					$	24,530
Contributions			34,253						15,535
Net income			5,671						1,553
Ending balance			$	142,547					$	41,618

The following table summarizes the activities associated with the redeemable non-controlling interests in subsidiaries:

			Three Months Ended June 30,
			2024						2023
Beginning balance			$	115,920					$	—
Net income			362						—
Redemption of redeemable non-controlling interests			(110,351)						—
Ending balance			$	5,931					$	—

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Tabular disclosure of redeemable noncontrolling interest (as defined) included in the statement of financial position as either a liability or temporary equity. As of the date of the statement of financial position, such redeemable noncontrolling interest is currently redeemable, as defined, for cash or other assets of the entity at (1) at a fixed or determinable price on a fixed or determinable date, (2) at the option of the holder of the noncontrolling interest, or (3) upon occurrence of an event that is not solely within the control of the entity.

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Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding.

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