Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Revenues
Administrative and other fees	$ 0
Total revenues	283,671	$ 335,460	$ 1,059,218	$ 841,010
Expenses
Total expenses	254,127	283,374	1,193,791	716,847
Other income (expense)
Total other income	58,880	73,339	147,489	75,294
Income before taxes	88,424	125,425	12,916	199,457
Income tax expense (benefit)	4,552	7,641	(28,459)	7,868
Net income	83,872	117,784	41,375	191,589
Net income attributable to Ares Management, L.P.	27,838	43,305	36,582	77,793
Less: Preferred equity distributions paid	5,425	6,751	16,275	6,751
Net income attributable to Ares Management, L.P. common unitholders	$ 22,413	$ 36,554	$ 20,307	$ 71,042
Net income attributable to Ares Management, L.P. per common unit:
Basic (in dollars per unit)	$ 0.26	$ 0.45	$ 0.22	$ 0.87
Diluted (in dollars per unit)	$ 0.26	$ 0.43	$ 0.22	$ 0.86
Weighted-average common units:
Basic (in units)	82,166,852	80,793,984	81,704,815	80,741,460
Diluted (in units)	82,166,852	84,464,591	81,704,815	82,667,049
Distribution declared and paid per common unit (in units per share)	$ 0.31	$ 0.28	$ 0.72	$ 0.63
Ares Management L.P
Revenues
Management fees (includes ARCC Part I Fees of $24,036, $76,436 and $33,260, $90,884 for the three and nine months ended September 30, 2017 and 2016, respectively)	$ 183,177	$ 163,609	$ 535,990	$ 480,563
Performance fees	87,008	164,482	480,204	337,686
Administrative and other fees	13,486	7,369	43,024	22,761
Total revenues	283,671	335,460	1,059,218	841,010
Expenses
Compensation and benefits	129,347	111,916	384,905	335,249
Performance fee compensation	58,637	123,173	361,044	253,739
General, administrative and other expenses	47,104	38,197	145,193	116,845
Transaction support expense	0	0	275,177	0
Other income (expense)
Investment income and net interest income (expense)	(1,831)	(1,681)	(6,218)	(47)
Other income (expense), net	(2,492)	23,042	16,826	33,956
Net realized and unrealized gain on investments	7,209	19,358	39,943	21,349
Consolidated Funds
Expenses
Expenses of the Consolidated Funds	19,039	10,088	27,472	11,014
Other income (expense)
Investment income and net interest income (expense)	20,054	8,737	41,675	25,759
Net realized and unrealized gain on investments	35,940	23,883	55,263	(5,723)
Net income (loss) attributable to non-controlling interests related to consolidated VIEs	18,195	7,861	25,403	(3,064)
AOG
Other income (expense)
Net income (loss) attributable to non-controlling interests related to consolidated VIEs	37,839	66,511	(20,610)	116,404
Less: Net income attributable to redeemable interests in Ares Operating Group entities	$ 0	$ 107	$ 0	$ 456