XML 46 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Assets        
Goodwill $ 143,895 $ 143,724 $ 144,067  
Total assets 8,563,522 5,829,712 4,321,408  
Liabilities        
Total liabilities 7,103,230 4,452,450    
Commitments and contingencies    
Preferred equity (12,400,000 units issued and outstanding at December 31, 2017 and 2016) 298,761 298,761    
Controlling interest in Ares Management, L.P.:        
Partners' Capital (82,280,033 units and 80,814,732 units, issued and outstanding at December 31, 2017 and 2016, respectively) 279,065 301,790    
Accumulated other comprehensive (benefit) loss, net of tax (4,208) (8,939)    
Total controlling interest in Ares Management, L.P. 274,857 292,851    
Total equity 1,460,292 1,377,262 968,406 $ 5,697,935
Total liabilities, non-controlling interests and equity 8,563,522 5,829,712    
Ares Management L.P        
Assets        
Cash and cash equivalents 118,929 342,861 $ 121,483 $ 148,858
Investments, at fair value 647,335 468,471    
Performance fees receivable 1,099,847 759,099    
Due from affiliates 165,750 162,936    
Deferred tax asset, net 8,326 6,731    
Other assets 107,730 65,565    
Intangible assets, net 40,465 58,315    
Goodwill 143,895 143,724    
Liabilities        
Accounts payable, accrued expenses and other liabilities 81,955 83,336    
Accrued compensation 27,978 131,736    
Due to affiliates 14,642 17,564    
Performance fee compensation payable 846,626 598,050    
Debt obligations 616,176 305,784    
Controlling interest in Ares Management, L.P.:        
Partners' Capital (82,280,033 units and 80,814,732 units, issued and outstanding at December 31, 2017 and 2016, respectively) 279,065 301,790    
Accumulated other comprehensive (benefit) loss, net of tax (4,208) (8,939)    
Total controlling interest in Ares Management, L.P. 274,857 292,851    
Consolidated Funds        
Assets        
Cash and cash equivalents 556,500 455,280    
Investments, at fair value 5,582,842 3,330,203    
Due from affiliates 15,884 3,592    
Other assets 1,989 2,501    
Dividends and interest receivable 12,568 8,479    
Receivable for securities sold 61,462 21,955    
Liabilities        
Accounts payable, accrued expenses and other liabilities 64,316 21,056    
Due to affiliates 0 0    
Payable for securities purchased 350,145 208,742    
CLO loan obligations, at fair value 4,963,194 3,031,112    
Fund borrowings 138,198 55,070    
Commitments and contingencies    
Non-controlling interest in Consolidated Funds:        
Non-controlling interest in Consolidated Funds 528,488 338,035    
Ares Operating Group        
Non-controlling interest in Consolidated Funds:        
Non-controlling interest $ 358,186 $ 447,615