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FAIR VALUE - Valuation Techniques (Details)
$ in Thousands
Mar. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Consolidated Funds     
Assets    
Equity securities $ 351,780 $ 340,272
Partnership interests 961,059 708,307
Collateralized loan obligations 10,397,615 10,657,661
Other fixed income 11,349,343 11,768,099
Total assets, at fair value 12,662,182 12,816,678
Liabilities    
Derivative instruments (11,402) (20,927)
Total liabilities, at fair value (10,409,017) (10,678,588)
Consolidated Funds  | Level III     
Assets    
Equity securities 351,140 339,183
Partnership interests 241,123 238,673
Collateralized loan obligations 0 0
Other fixed income 859,301 742,952
Total assets, at fair value 1,451,564 1,320,808
Liabilities    
Derivative instruments (3,162) (3,105)
Total liabilities, at fair value (3,162) (3,105)
Consolidated Funds  | Level III  | Transaction price    
Assets    
Equity securities 85,711 74,041
Other fixed income 1,891  
Consolidated Funds  | Level III  | Discounted cash flow    
Assets    
Equity securities 147,078 123,685
Partnership interests $ 241,123 $ 238,673
Consolidated Funds  | Level III  | Discounted cash flow | Discount rates    
Significant Unobservable Input(s)    
Equity securities 20 0.200
Partnership interest 0.184 0.234
Consolidated Funds  | Level III  | Discounted cash flow | Discount rates | Weighted Average    
Significant Unobservable Input(s)    
Equity securities 20 0.200
Partnership interest 0.184 0.234
Consolidated Funds  | Level III  | Market approach    
Assets    
Equity securities   $ 1,261
Consolidated Funds  | Level III  | Market approach | EBITDA multiple    
Assets    
Equity securities $ 1,196  
Consolidated Funds  | Level III  | Market approach | EBITDA multiple | Minimum    
Significant Unobservable Input(s)    
Equity securities 7.0 1.0
Consolidated Funds  | Level III  | Market approach | EBITDA multiple | Maximum    
Significant Unobservable Input(s)    
Equity securities 55.8 64.4
Consolidated Funds  | Level III  | Market approach | EBITDA multiple | Weighted Average    
Significant Unobservable Input(s)    
Equity securities 17.6 17.5
Consolidated Funds  | Level III  | Market approach | Multiple of book value    
Assets    
Equity securities $ 116,792 $ 140,185
Consolidated Funds  | Level III  | Market approach | Multiple of book value | Minimum    
Significant Unobservable Input(s)    
Equity securities 1.0 1.0
Consolidated Funds  | Level III  | Market approach | Multiple of book value | Maximum    
Significant Unobservable Input(s)    
Equity securities 1.2 1.2
Consolidated Funds  | Level III  | Market approach | Multiple of book value | Weighted Average    
Significant Unobservable Input(s)    
Equity securities 1.1 1.1
Consolidated Funds  | Level III  | Other    
Assets    
Equity securities $ 352  
Consolidated Funds  | Level III  | Broker quotes and/or 3rd party pricing services    
Assets    
Equity securities 11 $ 11
Other fixed income 716,870 614,754
Liabilities    
Derivative instruments (3,162)  
Consolidated Funds  | Level III  | Income approach    
Assets    
Other fixed income $ 140,539 $ 128,198
Consolidated Funds  | Level III  | Income approach | Yield | Minimum    
Significant Unobservable Input(s)    
Fixed income securities 1.5 3.5
Consolidated Funds  | Level III  | Income approach | Yield | Maximum    
Significant Unobservable Input(s)    
Fixed income securities 21.8 16.2
Consolidated Funds  | Level III  | Income approach | Yield | Weighted Average    
Significant Unobservable Input(s)    
Fixed income securities 0.128 6.7
Ares Management L.P    
Assets    
Equity securities $ 115,970 $ 110,389
Partnership interests 8,591 8,591
Total assets, at fair value 181,476 177,059
Liabilities    
Contingent consideration (10,550) (57,435)
Derivative instruments   (328)
Total liabilities, at fair value (10,753) (57,763)
Ares Management L.P | Level III     
Assets    
Equity securities 114,499 108,949
Partnership interests 2,575 2,575
Total assets, at fair value 168,532 163,921
Liabilities    
Contingent consideration (10,550) (57,435)
Derivative instruments   0
Total liabilities, at fair value (10,550) (57,435)
Ares Management L.P | Level III  | Transaction price    
Assets    
Equity securities 14,610 14,610
Ares Management L.P | Level III  | Discounted cash flow    
Assets    
Equity securities $ 53,462 $ 50,690
Ares Management L.P | Level III  | Discounted cash flow | Discount rates | Minimum    
Significant Unobservable Input(s)    
Equity securities 0.14 0.140
Ares Management L.P | Level III  | Discounted cash flow | Discount rates | Maximum    
Significant Unobservable Input(s)    
Equity securities 0.20 0.200
Ares Management L.P | Level III  | Discounted cash flow | Discount rates | Weighted Average    
Significant Unobservable Input(s)    
Equity securities 0.143 0.143
Ares Management L.P | Level III  | Market approach    
Assets    
Equity securities $ 46,426 $ 43,649
Ares Management L.P | Level III  | Market approach | Multiple of book value    
Significant Unobservable Input(s)    
Equity securities 1.4 1.4
Ares Management L.P | Level III  | Market approach | Multiple of book value | Weighted Average    
Significant Unobservable Input(s)    
Equity securities 1.4 1.4
Ares Management L.P | Level III  | Other    
Assets    
Partnership interests $ 2,575 $ 2,575
Other fixed income 21,583 21,582
Liabilities    
Contingent consideration   (47,873)
Ares Management L.P | Level III  | Broker quotes and/or 3rd party pricing services    
Assets    
Collateralized loan obligations 29,876 30,815
Ares Management L.P | Level III  | Monte Carlo simulation    
Liabilities    
Contingent consideration $ (10,550) $ (9,562)
Ares Management L.P | Level III  | Monte Carlo simulation | Discount rates    
Significant Unobservable Input(s)    
Contingent consideration 0.085 8.5
Ares Management L.P | Level III  | Monte Carlo simulation | Discount rates | Weighted Average    
Significant Unobservable Input(s)    
Contingent consideration 0.085 0.085
Ares Management L.P | Level III  | Monte Carlo simulation | Volatility    
Significant Unobservable Input(s)    
Contingent consideration 0.180 0.18
Ares Management L.P | Level III  | Monte Carlo simulation | Volatility | Weighted Average    
Significant Unobservable Input(s)    
Contingent consideration 0.180 0.18