Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Cash flows from operating activities:
Net income	$ 82,206	$ 288,329
Net cash provided by (used in) operating activities	12,462	(1,680,084)
Cash flows from investing activities:
Net cash used in investing activities	(126,437)	(12,073)
Allocable to non-controlling interests in Consolidated Funds:
Net cash provided by financing activities	827,550	1,750,668
Effect of exchange rate changes	16,793	(16,555)
Net change in cash and cash equivalents	730,368	41,956
Cash and cash equivalents, beginning of period	138,384
Cash and cash equivalents, end of period	868,752	152,203
Supplemental disclosure of non-cash financing activities
Issuance of Class A common stock in connection with acquisitions	305,338	0
Consolidated Funds
Cash flows from operating activities:
Adjustments to reconcile net income to net cash used in operating activities	(766,399)	(1,826,610)
Cash flows due to changes in operating assets and liabilities	366,367	(220,577)
Allocable to non-controlling interests in Consolidated Funds:
Contributions from non-controlling interests in Consolidated Funds	123,713	164,890
Distributions to non-controlling interests in Consolidated Funds	(169,747)	(65,575)
Borrowings under loan obligations by Consolidated Funds	618,207	2,482,341
Repayments under loan obligations by Consolidated Funds	(104,794)	(585,496)
Ares Management L.P
Cash flows from operating activities:
Adjustments to reconcile net income to net cash used in operating activities	184,586	59,736
Cash flows due to changes in operating assets and liabilities	145,702	19,038
Cash flows from investing activities:
Purchase of furniture, equipment and leasehold improvements, net	(8,608)	(12,073)
Acquisitions, net of cash acquired	(117,829)	0
Cash flows from financing activities:
Net proceeds from issuance of Class A common stock	383,154	206,705
Proceeds from credit facility	790,000	265,000
Proceeds from senior notes	399,084	0
Repayments of credit facility	(860,000)	(500,000)
Dividends and distributions	(334,957)	(238,301)
Series A Preferred Stock dividends	(16,275)	(16,275)
Repurchases of Class A common stock	0	(10,449)
Stock option exercises	78,959	83,090
Taxes paid related to net share settlement of equity awards	(75,657)	(32,022)
Other financing activities	(4,137)	(3,240)
Allocable to non-controlling interests in Consolidated Funds:
Cash and cash equivalents, beginning of period	138,384	110,247
Cash and cash equivalents, end of period	$ 868,752	$ 152,203