REDEEMABLE AND NON-CONTROLLING INTERESTS (Ares Holdings, Inc. and Ares Investments LLC)

3 Months Ended

Mar. 31, 2014

Ares Holdings, Inc. and Ares Investments LLC

REDEEMABLE AND NON-CONTROLLING INTERESTS

8. REDEEMABLE AND NON-CONTROLLING INTERESTS

        The following table sets forth a summary of changes in the redeemable interests in AHI, AI and consolidated subsidiaries and redeemable interest in Consolidated Funds for the three months ended March 31, 2014 and the year ended December 31, 2013:

	As of March 31, 2014			As of December 31, 2013
Redeemable interests in Consolidated Funds
Redeemable non-controlling interests in Consolidated Funds, beginning of period	$	1,093,770		$	1,100,108
Net income attributable to redeemable, non-controlling interests in Consolidated Funds		37,048			137,924
Contributions from redeemable, non-controlling interests in Consolidated Funds		41,655			—
Distributions to redeemable, non-controlling interests in Consolidated Funds		(52,888	)		(143,378	)
Currency translation adjustment attributable to redeemable, non-controlling interests in Consolidated Funds		—			(884	)
Redeemable interests in Consolidated Funds	$	1,119,585		$	1,093,770

	As of March 31, 2014			As of December 31, 2013
Redeemable interests in consolidated subsidiaries
Redeemable non-controlling interests in consolidated subsidiaries, beginning of period	$	40,751		$	30,488
Net income attributable to redeemable, non-controlling interests in consolidated subsidiaries		406			2,451
Contributions from redeemable, non-controlling interests in consolidated subsidiaries		—			3,712
Distributions to redeemable, non-controlling interests in consolidated subsidiaries		(417	)		(4,641	)
Currency translation adjustment attributable to redeemable, non-controlling interests in consolidated subsidiaries		3			13
Revaluation of redeemable interest		1,638			8,437
Equity compensation		1,206			291
Redeemable interests in consolidated subsidiaries	$	43,587		$	40,751

        The following table sets forth a summary of changes in the non-controlling interest in AHI, AI and consolidated subsidiaries for the three months ended March 31, 2014:

	Non-controlling interest in AHI, AI and consolidated subsidiaries
	Members' Equity			Common Stock (B shares)		Additional Paid in Capital		Retained Earnings			Accumulated Other Comprehensive Income (Loss)		Total Equity
Balance at December 31, 2013	$	109,992		$	0	$	57,842	$	(417	)	$	314	$	167,731
Distributions		(2,802	)		—		—		—			—		(2,802	)
Net income		11,017			—		—		1,919			—		12,936
Revaluation of redeemable equity		(165	)		—		—		(230	)		—		(395	)
Currency translation adjustment		—			—		—		—			79		79
Equity compensation		271			—		723		—			—		994
Balance at March 31, 2014	$	118,313		$	0	$	58,565	$	1,272		$	393	$	178,543