Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Revenues
Administrative, transaction and other fees	$ 0	$ 0
Total revenues	266,089	244,244
Expenses
Total expenses	206,283	491,467
Other income (expense)
Total other income	2,240	56,635
Income (loss) before taxes	62,046	(190,588)
Income tax benefit	(12,375)	(34,264)
Net income (loss)	74,421	(156,324)
Net income (loss) attributable to Ares Management, L.P.	40,948	(41,134)
Less: Preferred equity dividend paid	5,425	5,425
Net income (loss) attributable to Ares Management, L.P. common shareholders	$ 35,523	$ (46,559)
Net income (loss) attributable to Ares Management, L.P. per common share:
Basic (in dollars per share)	$ 0.39	$ (0.58)
Diluted (in dollars per unit)	$ 0.28	$ (0.58)
Weighted-average common shares:
Basic (in shares)	85,617,932	81,106,734
Diluted (in shares)	213,852,928	81,106,734
Dividend declared and paid per common share (in dollar per share)	$ 0.4	$ 0.28
Ares Management L.P
Revenues
Management fees (includes ARCC Part I Fees of $28,417 and $33,257 for the three months ended March 31, 2018 and 2017, respectively)	$ 189,515	$ 172,045
Carried interest allocation	54,129	52,007
Incentive fees	5,071	3,165
Principal investment income	4,909	2,587
Administrative, transaction and other fees	12,465	14,440
Total revenues	266,089	244,244
Expenses
Compensation and benefits	134,639	124,339
Performance related compensation	25,878	40,702
General, administrative and other expenses	44,450	47,338
Transaction support expense	0	275,177
Other income (expense)
Net realized and unrealized gain (loss) on investments	(839)	888
Interest and dividend income	3,347	1,924
Interest expense	(6,869)	(4,879)
Other income (expense), net	(311)	16,496
Income tax benefit	(12,375)	(34,733)
Consolidated Funds
Expenses
Expenses of Consolidated Funds	1,316	3,911
Other income (expense)
Net realized and unrealized gain (loss) on investments	(13,085)	32,036
Interest and dividend income	64,422	41,492
Interest expense	(44,425)	(31,322)
Income tax benefit	0	469
Net income attributable to non-controlling interests related to consolidated VIEs	367	15,855
AOG
Other income (expense)
Net income attributable to non-controlling interests related to consolidated VIEs	$ 33,106	$ (131,045)