Consolidated Statements of Financial Condition (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Preferred equity, units issued (in units)	12,400,000
Preferred equity, units outstanding (in units)	12,400,000
Partners' Capital units issued (in units)	80,814,732	80,679,600
Partners' Capital units outstanding (in units)	80,814,732	80,679,600
Ares Management L.P
Investments, at fair value	$ 448,336	$ 446,779