XML 144 R58.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
FAIR VALUE (Valuation Techniques) (Details)
$ in Thousands
Dec. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
Consolidated Funds    
Assets, Fair Value Disclosure [Abstract]    
Equity securities $ 112,384 $ 196,470
Partnership interests 296,012 271,447
Collateralized loan obligations 7,973,748 6,678,091
Other fixed income 8,319,551 7,205,248
Total derivative assets, at fair value   3,209
Total assets, at fair value 8,728,614 7,676,374
Liabilities, Fair Value Disclosure [Abstract]    
Derivatives instruments (4,776) (2,512)
Total liabilities, at fair value (7,978,524) (6,680,603)
Consolidated Funds | Level III     
Assets, Fair Value Disclosure [Abstract]    
Equity securities 85,988 150,752
Partnership interests 296,012 271,447
Collateralized loan obligations 0 0
Other fixed income 339,136 547,958
Total derivative assets, at fair value   1,328
Total assets, at fair value 721,136 971,485
Liabilities, Fair Value Disclosure [Abstract]    
Derivatives instruments (4,106) (648)
Total liabilities, at fair value (4,106) (648)
Consolidated Funds | Level III  | Transaction price    
Assets, Fair Value Disclosure [Abstract]    
Equity securities 44,812 85,319
Consolidated Funds | Level III  | Discounted cash flow    
Assets, Fair Value Disclosure [Abstract]    
Equity securities   $ 271,447
Partnership interests $ 296,012  
Consolidated Funds | Level III  | Discounted cash flow | Discount rate    
Unobservable Input    
Equity securities   0.208
Partnership interest 0.196  
Consolidated Funds | Level III  | Discounted cash flow | Discount rate | Weighted Average    
Unobservable Input    
Equity securities   0.208
Partnership interest 0.196  
Consolidated Funds | Level III  | Broker quotes and/or 3rd party pricing services    
Assets, Fair Value Disclosure [Abstract]    
Other fixed income $ 271,919 $ 441,368
Total derivative assets, at fair value   1,328
Liabilities, Fair Value Disclosure [Abstract]    
Derivatives instruments (4,106) (648)
Consolidated Funds | Level III  | Other    
Assets, Fair Value Disclosure [Abstract]    
Equity securities $ 40,745 $ 41,562
Consolidated Funds | Level III  | Other | Net income multiple    
Unobservable Input    
Equity securities 36.2  
Consolidated Funds | Level III  | Other | Net income multiple | Weighted Average    
Unobservable Input    
Equity securities 36.2  
Consolidated Funds | Level III  | Other | Illiquidity discount    
Unobservable Input    
Equity securities 0.250 0.250
Consolidated Funds | Level III  | Other | Illiquidity discount | Weighted Average    
Unobservable Input    
Equity securities 0.250 0.250
Consolidated Funds | Level III  | Enterprise value market multiple analysis    
Assets, Fair Value Disclosure [Abstract]    
Equity securities $ 431 $ 23,871
Consolidated Funds | Level III  | Enterprise value market multiple analysis | EBITDA multiple | Minimum    
Unobservable Input    
Equity securities 8.2  
Consolidated Funds | Level III  | Enterprise value market multiple analysis | EBITDA multiple | Maximum    
Unobservable Input    
Equity securities 21.3  
Consolidated Funds | Level III  | Enterprise value market multiple analysis | EBITDA multiple | Weighted Average    
Unobservable Input    
Equity securities 16.1  
Consolidated Funds | Level III  | Income approach    
Assets, Fair Value Disclosure [Abstract]    
Other fixed income $ 67,217 $ 106,590
Consolidated Funds | Level III  | Income approach | Yield | Minimum    
Unobservable Input    
Fixed income securities 0.048  
Consolidated Funds | Level III  | Income approach | Yield | Maximum    
Unobservable Input    
Fixed income securities 0.143  
Consolidated Funds | Level III  | Income approach | Yield | Weighted Average    
Unobservable Input    
Fixed income securities 0.097 0.096
Ares Management L.P    
Assets, Fair Value Disclosure [Abstract]    
Equity securities $ 15,747 $ 11,681
Partnership interests 36,824 36,053
Total assets, at fair value 125,777 109,624
Liabilities, Fair Value Disclosure [Abstract]    
Total liabilities, at fair value (113) (869)
Ares Management L.P | Level III     
Assets, Fair Value Disclosure [Abstract]    
Equity securities 14,704 10,397
Partnership interests 35,192 35,192
Total assets, at fair value 119,079 106,413
Liabilities, Fair Value Disclosure [Abstract]    
Total liabilities, at fair value 0 0
Ares Management L.P | Level III  | Transaction price    
Assets, Fair Value Disclosure [Abstract]    
Equity securities 14,704 10,397
Partnership interests 32,661  
Ares Management L.P | Level III  | Discounted cash flow    
Assets, Fair Value Disclosure [Abstract]    
Partnership interests   $ 35,192
Ares Management L.P | Level III  | Discounted cash flow | Discount rate    
Unobservable Input    
Partnership interest   0.080
Ares Management L.P | Level III  | Broker quotes and/or 3rd party pricing services    
Assets, Fair Value Disclosure [Abstract]    
Collateralized loan obligations 22,265 $ 20,824
Ares Management L.P | Level III  | Other    
Assets, Fair Value Disclosure [Abstract]    
Partnership interests 2,531  
Other fixed income $ 46,918 $ 40,000