BUSINESS COMBINATIONS (Tables)

9 Months Ended

Sep. 30, 2021

Business Combination and Asset Acquisition [Abstract]

Schedule of Business Acquisitions Fair Value Consideration Transferred

The acquisition date fair value of the consideration transferred totaled $1.1 billion, which consisted of the following:

Cash	$	803,829
Equity(1)	299,640
Total	$	1,103,469

(1)5,419,413 AOG Units were issued in connection with the Landmark Acquisition and increased Ares Owners Holdings L.P.’s ownership interest in the AOG entities.

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The fair value of assets acquired and liabilities assumed are estimated to be:

Cash	$	25,685
Other tangible assets	23,411
Intangible assets:
Management contracts	425,880
Client relationships	197,160
Trade name	86,200
Total intangible assets	709,240
Total identifiable assets acquired	758,336
Accounts payable, accrued expenses and other liabilities	72,532
Net identifiable assets acquired	685,804
Goodwill	417,665
Net assets acquired	$	1,103,469

Schedule of Business Acquisition, Pro Forma Information

Supplemental information of the Company’s consolidated results on an unaudited pro forma basis, as if the Landmark Acquisition had been consummated as of January 1, 2020, is as follows:

	Three months ended September 30,				Nine months ended September 30,
	2021		2020		2021		2020
Total revenues	$	948,719	$	527,105	$	2,966,540	$	1,214,989
Net income attributable to Ares Management Corporation Class A and non-voting common stockholders	$	87,542	$	37,570	$	257,361	$	41,263