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FAIR VALUE - Valuation Techniques (Details)
$ in Thousands
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Consolidated Funds    
Assets    
Equity securities $ 340,272 $ 227,031
Partnership interests 708,307 239,624
Collateralized loan obligations 10,657,661 9,958,076
Other fixed income 11,768,099 10,410,442
Total assets, at fair value 12,816,678 10,878,201
Liabilities    
Derivative instruments (20,927)  
Total liabilities, at fair value (10,678,588) (9,958,120)
Consolidated Funds | Level III     
Assets    
Equity securities 339,183 221,043
Partnership interests 238,673 231,857
Collateralized loan obligations 0 0
Other fixed income 742,952 542,306
Total assets, at fair value 1,320,808 996,310
Liabilities    
Derivative instruments (3,105) (44)
Total liabilities, at fair value (3,105) $ (44)
Consolidated Funds | Level III  | Discount Rates    
Significant Unobservable Input(s)    
Partnership interest   0.238
Consolidated Funds | Level III  | Discount Rates | Weighted Average    
Significant Unobservable Input(s)    
Partnership interest   0.238
Consolidated Funds | Level III  | Illiquidity discount    
Significant Unobservable Input(s)    
Equity securities   0.250
Consolidated Funds | Level III  | Illiquidity discount | Weighted Average    
Significant Unobservable Input(s)    
Equity securities   0.250
Consolidated Funds | Level III  | Transaction price    
Assets    
Equity securities 74,041 $ 188,044
Consolidated Funds | Level III  | Discounted Cash Flow    
Assets    
Equity securities 123,685  
Partnership interests $ 238,673 231,857
Consolidated Funds | Level III  | Discounted Cash Flow | Discount Rates    
Significant Unobservable Input(s)    
Equity securities 20  
Partnership interest 0.234  
Consolidated Funds | Level III  | Discounted Cash Flow | Discount Rates | Weighted Average    
Significant Unobservable Input(s)    
Equity securities 20  
Partnership interest 0.234  
Consolidated Funds | Level III  | Market Approach    
Assets    
Equity securities   438
Other fixed income   $ 6,605
Consolidated Funds | Level III  | Market Approach | Multiple of Book Value    
Assets    
Equity securities $ 140,185  
Consolidated Funds | Level III  | Market Approach | Multiple of Book Value | Minimum    
Significant Unobservable Input(s)    
Equity securities 1.0  
Consolidated Funds | Level III  | Market Approach | Multiple of Book Value | Maximum    
Significant Unobservable Input(s)    
Equity securities 1.2  
Consolidated Funds | Level III  | Market Approach | Multiple of Book Value | Weighted Average    
Significant Unobservable Input(s)    
Equity securities 1.1  
Consolidated Funds | Level III  | Market Approach | EBITDA multiple    
Assets    
Equity securities $ 1,261  
Consolidated Funds | Level III  | Market Approach | EBITDA multiple | Minimum    
Significant Unobservable Input(s)    
Equity securities 1.0 2.9
Fixed income securities   6.5
Consolidated Funds | Level III  | Market Approach | EBITDA multiple | Maximum    
Significant Unobservable Input(s)    
Equity securities 64.4 19.5
Fixed income securities   7.8
Consolidated Funds | Level III  | Market Approach | EBITDA multiple | Weighted Average    
Significant Unobservable Input(s)    
Equity securities 17.5 13.4
Fixed income securities   6.9
Consolidated Funds | Level III  | Other    
Assets    
Equity securities   $ 32,528
Other fixed income   $ 28,320
Consolidated Funds | Level III  | Other | Net income multiple    
Significant Unobservable Input(s)    
Equity securities   30.0
Consolidated Funds | Level III  | Other | Net income multiple | Weighted Average    
Significant Unobservable Input(s)    
Equity securities   30.0
Consolidated Funds | Level III  | Broker quotes and/or 3rd party pricing services    
Assets    
Equity securities $ 11 $ 33
Other fixed income 614,754 384,419
Derivative instruments   1,104
Liabilities    
Derivative instruments (3,105)  
Consolidated Funds | Level III  | Income approach    
Assets    
Other fixed income $ 128,198 $ 122,962
Consolidated Funds | Level III  | Income approach | Yield | Minimum    
Significant Unobservable Input(s)    
Fixed income securities 0.035 0.027
Consolidated Funds | Level III  | Income approach | Yield | Maximum    
Significant Unobservable Input(s)    
Fixed income securities 0.162 0.481
Consolidated Funds | Level III  | Income approach | Yield | Weighted Average    
Significant Unobservable Input(s)    
Fixed income securities 0.067 0.079
Ares Management L.P    
Assets    
Equity securities $ 110,389 $ 89,419
Partnership interests 8,591 3,784
Total assets, at fair value 177,059 147,992
Liabilities    
Contingent consideration (57,435)  
Derivative instruments   (1,565)
Total liabilities, at fair value (57,763) (1,565)
Ares Management L.P | Level III     
Assets    
Equity securities 108,949 88,412
Partnership interests 2,575 2,575
Total assets, at fair value 163,921 144,336
Liabilities    
Contingent consideration (57,435)  
Derivative instruments   0
Total liabilities, at fair value (57,435) 0
Ares Management L.P | Level III  | Transaction price    
Assets    
Equity securities 14,610 14,704
Ares Management L.P | Level III  | Discounted Cash Flow    
Assets    
Equity securities $ 50,690 $ 32,905
Ares Management L.P | Level III  | Discounted Cash Flow | Discount Rates | Minimum    
Significant Unobservable Input(s)    
Equity securities 0.140 0.140
Ares Management L.P | Level III  | Discounted Cash Flow | Discount Rates | Maximum    
Significant Unobservable Input(s)    
Equity securities 0.200 0.200
Ares Management L.P | Level III  | Discounted Cash Flow | Discount Rates | Weighted Average    
Significant Unobservable Input(s)    
Equity securities 0.143  
Ares Management L.P | Level III  | Market Approach    
Assets    
Equity securities $ 43,649 $ 40,803
Ares Management L.P | Level III  | Market Approach | Multiple of Book Value    
Significant Unobservable Input(s)    
Equity securities 1.4 1.6
Ares Management L.P | Level III  | Market Approach | Multiple of Book Value | Weighted Average    
Significant Unobservable Input(s)    
Equity securities 1.4  
Ares Management L.P | Level III  | Other    
Assets    
Partnership interests $ 2,575 $ 2,575
Other fixed income 21,582 21,583
Liabilities    
Contingent consideration (47,873)  
Ares Management L.P | Level III  | Broker quotes and/or 3rd party pricing services    
Assets    
Collateralized loan obligations 30,815 $ 31,766
Ares Management L.P | Level III  | Monte Carlo simulation    
Liabilities    
Contingent consideration $ (9,562)  
Ares Management L.P | Level III  | Monte Carlo simulation | Discount Rates    
Significant Unobservable Input(s)    
Contingent consideration 8.5  
Ares Management L.P | Level III  | Monte Carlo simulation | Discount Rates | Weighted Average    
Significant Unobservable Input(s)    
Contingent consideration 0.085  
Ares Management L.P | Level III  | Monte Carlo simulation | Volatility    
Significant Unobservable Input(s)    
Contingent consideration 0.18  
Ares Management L.P | Level III  | Monte Carlo simulation | Volatility | Weighted Average    
Significant Unobservable Input(s)    
Contingent consideration 0.18