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FAIR VALUE - Changes in Fair Value of Level III Measurements (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Consolidated Funds         
Level III Net Assets of Consolidated Funds        
Balance, beginning of period $ 1,448,402 $ 1,032,365 $ 1,317,703 $ 996,265
Transfer in due to changes in consolidation       49,483
Transfer in 358,779 92,025 338,080 125,626
Transfer out (152,750) (231,320) (80,261) (232,052)
Purchases 315,204 267,986 511,916 371,333
Sales/settlements (168,029) (180,185) (285,773) (288,589)
Realized and unrealized appreciation (depreciation), net 2,473 6,560 1,912 14,088
Amortized discounts/premiums 177 398 679 1,158
Balance, end of period 1,804,256 938,346 1,804,256 938,346
Change in net unrealized appreciation/depreciation included in earnings related to financial assets and liabilities still held at the reporting date 3,413 1,057 (20,624) 11,256
Level III Liabilities of the Company        
Transfer in due to changes in consolidation   (49,483)    
Consolidated Funds  | Equity securities        
Level III Net Assets of Consolidated Funds        
Balance, beginning of period 351,140 230,634 339,183 221,043
Transfer in due to changes in consolidation       (157)
Transfer in 0 0 0 2,195
Transfer out 0 0 0 (33)
Purchases 110,322 789 117,642 8,855
Sales/settlements (18,422) (731) (28,611) (563)
Realized and unrealized appreciation (depreciation), net 37,874 (1,236) 52,700 (2,041)
Amortized discounts/premiums 0 1 0 1
Balance, end of period 480,914 229,300 480,914 229,300
Change in net unrealized appreciation/depreciation included in earnings related to financial assets and liabilities still held at the reporting date 25,622 (1,199) 26,150 (2,116)
Level III Liabilities of the Company        
Transfer in due to changes in consolidation   157    
Consolidated Funds  | Fixed Income        
Level III Net Assets of Consolidated Funds        
Balance, beginning of period 859,301 560,380 742,952 542,305
Transfer in due to changes in consolidation       49,326
Transfer in 358,779 92,025 338,080 123,431
Transfer out (152,750) (231,320) (80,261) (232,019)
Purchases 201,882 255,197 367,274 349,478
Sales/settlements (140,607) (176,951) (226,660) (285,642)
Realized and unrealized appreciation (depreciation), net (50,528) 5,024 (65,810) 6,042
Amortized discounts/premiums 177 397 679 1,157
Balance, end of period 1,076,254 455,426 1,076,254 455,426
Change in net unrealized appreciation/depreciation included in earnings related to financial assets and liabilities still held at the reporting date (37,145) 1,503 (61,044) 2,678
Level III Liabilities of the Company        
Transfer in due to changes in consolidation   49,326    
Consolidated Funds  | Partnership Interests        
Level III Net Assets of Consolidated Funds        
Balance, beginning of period 241,123 243,452 238,673 231,857
Transfer in due to changes in consolidation       0
Transfer in 0 0 0 0
Transfer out 0 0 0 0
Purchases 3,000 12,000 27,000 13,000
Sales/settlements (9,000) (2,000) (30,500) (2,000)
Realized and unrealized appreciation (depreciation), net 15,000 1,826 14,950 12,421
Amortized discounts/premiums 0 0 0 0
Balance, end of period 250,123 255,278 250,123 255,278
Change in net unrealized appreciation/depreciation included in earnings related to financial assets and liabilities still held at the reporting date 15,000 1,826 14,445 12,421
Level III Liabilities of the Company        
Transfer in due to changes in consolidation   0    
Consolidated Funds  | Derivatives, Net        
Level III Net Assets of Consolidated Funds        
Balance, beginning of period (3,162) (2,101) (3,105) 1,060
Transfer in due to changes in consolidation       0
Transfer in 0 0 0 0
Transfer out 0 0 0 0
Purchases 0 0 0 0
Sales/settlements 0 (503) (2) (384)
Realized and unrealized appreciation (depreciation), net 127 946 72 (2,334)
Amortized discounts/premiums 0 0 0 0
Balance, end of period (3,035) (1,658) (3,035) (1,658)
Change in net unrealized appreciation/depreciation included in earnings related to financial assets and liabilities still held at the reporting date (64) (1,073) (175) (1,727)
Level III Liabilities of the Company        
Transfer in due to changes in consolidation   0    
Ares Management L.P        
Level III Net Assets of Consolidated Funds        
Balance, beginning of period 157,982 145,338 106,486 144,336
Transfer in due to changes in consolidation   (7,623) (1,491) (7,623)
Purchases   20,259   20,259
Change in fair value (198)   (1,186)  
Sales/settlements (1,927) (7,678) 44,848 (9,216)
Realized and unrealized appreciation (depreciation), net (3,793) 113 425 2,653
Balance, end of period 152,064 165,655 152,064 165,655
Change in net unrealized appreciation/depreciation included in earnings related to financial assets and liabilities still held at the reporting date (3,991) (419) (761) 1,167
Ares Management L.P | Equity securities        
Level III Net Assets of Consolidated Funds        
Balance, beginning of period 114,499 89,233 108,949 88,412
Transfer in due to changes in consolidation   0 (1,491) 0
Purchases   19,278   19,278
Change in fair value 0   0  
Sales/settlements (934) 0 (1,147) 0
Realized and unrealized appreciation (depreciation), net 316 (1,271) 4,588 (450)
Balance, end of period 113,881 107,240 113,881 107,240
Change in net unrealized appreciation/depreciation included in earnings related to financial assets and liabilities still held at the reporting date 316 (1,271) 4,588 (450)
Ares Management L.P | Fixed Income        
Level III Net Assets of Consolidated Funds        
Balance, beginning of period 51,458 53,530 52,397 53,349
Transfer in due to changes in consolidation   (7,623) 0 (7,623)
Purchases   981   981
Change in fair value 0   0  
Sales/settlements (993) (7,678) (1,878) (9,216)
Realized and unrealized appreciation (depreciation), net (4,109) 1,384 (4,163) 3,103
Balance, end of period 46,356 55,840 46,356 55,840
Change in net unrealized appreciation/depreciation included in earnings related to financial assets and liabilities still held at the reporting date (4,109) 852 (4,163) 1,617
Ares Management L.P | Partnership Interests        
Level III Net Assets of Consolidated Funds        
Balance, beginning of period 2,575 2,575 2,575 2,575
Transfer in due to changes in consolidation   0 0 0
Purchases   0   0
Change in fair value 0   0  
Sales/settlements 0 0 0 0
Realized and unrealized appreciation (depreciation), net 0 0 0 0
Balance, end of period 2,575 2,575 2,575 2,575
Change in net unrealized appreciation/depreciation included in earnings related to financial assets and liabilities still held at the reporting date 0 $ 0 0 $ 0
Ares Management L.P | Contingent Consideration        
Level III Liabilities of the Company        
Balance, beginning of period (10,550)   (57,435)  
Transfer in due to changes in consolidation     0  
Change in fair value (198)   (1,186)  
Sales/settlements 0   47,873  
Realized and unrealized appreciation (depreciation), net 0   0  
Balance, end of period (10,748)   (10,748)  
Change in net unrealized appreciation and fair value included in earnings related to financial liabilities still held at the reporting date $ (198)   $ (1,186)