XML 118 R74.htm IDEA: XBRL DOCUMENT v3.22.2.2
SEGMENT REPORTING - Operating Segments (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Segment reporting        
Total revenues $ 801,290 $ 948,719 $ 2,117,719 $ 2,901,926
Compensation and benefits (425,419) (335,569) (1,155,031) (837,108)
General, administrative and other expenses (319,352) (134,453) (562,441) (285,471)
Total        
Segment reporting        
Compensation and benefits (264,785) (226,170) (758,244) (579,709)
General, administrative and other expenses (82,721) (59,097) (227,375) (146,183)
Fee related earnings 233,158 182,559 658,607 458,977
Performance income—realized 29,984 44,762 143,946 246,720
Performance related compensation—realized (18,858) (33,371) (91,491) (183,308)
Realized net performance income (loss) 11,126 11,391 52,455 63,412
Investment income—realized 4,842 5,362 13,884 12,695
Interest and other investment income (expense)—realized 12,623 11,087 38,932 32,657
Interest expense (18,307) (11,523) (51,174) (25,125)
Realized net investment income (loss) (842) 4,926 1,642 20,227
Realized income 243,442 198,876 712,704 542,616
Operating segment        
Segment reporting        
Fee related earnings (328,602) (273,362) (944,894) (684,346)
Performance income—realized 29,984 44,762 143,946 246,720
Performance related compensation—realized (18,858) (33,371) (91,491) (183,308)
Realized net investment income (loss) (543) 5,356 3,566 20,454
Realized income (339,185) (290,109) (1,000,915) (768,212)
OMG        
Segment reporting        
Total revenues (7,681) (3,446) (19,974) (3,446)
Compensation and benefits (61,084) (66,107) (196,492) (158,943)
General, administrative and other expenses (41,907) (28,142) (109,516) (69,872)
Fee related earnings (95,444) (90,803) (286,287) (225,369)
Performance income—realized 0 0 0 0
Performance related compensation—realized 0 0 0 0
Realized net performance income (loss) 0 0 0 0
Investment income—realized 0 0 0 0
Interest and other investment income (expense)—realized (171) (270) (1,450) 170
Interest expense (128) (160) (474) (397)
Realized net investment income (loss) (299) (430) (1,924) (227)
Realized income (95,743) (91,233) (288,211) (225,596)
Ares Management L.P        
Segment reporting        
Total revenues 801,290 948,719 2,117,719 2,901,926
Ares Management L.P | Operating segment        
Segment reporting        
Compensation and benefits (203,701) (160,063) (561,752) (420,766)
General, administrative and other expenses (40,814) (30,955) (117,859) (76,311)
Fee related earnings 328,602 273,362 944,894 684,346
Performance income—realized 29,984 44,762 143,946 246,720
Performance related compensation—realized (18,858) (33,371) (91,491) (183,308)
Realized net performance income (loss) 11,126 11,391 52,455 63,412
Investment income—realized 4,842 5,362 13,884 12,695
Interest and other investment income (expense)—realized 12,794 11,357 40,382 32,487
Interest expense (18,179) (11,363) (50,700) (24,728)
Realized net investment income (loss) (543) 5,356 3,566 20,454
Realized income 339,185 290,109 1,000,915 768,212
Ares Management L.P | Operating segment | Credit Group        
Segment reporting        
Compensation and benefits (102,839) (86,502) (301,822) (253,597)
General, administrative and other expenses (18,257) (14,930) (52,734) (37,716)
Fee related earnings 232,918 175,957 650,801 493,214
Performance income—realized 3,045 6,332 58,941 76,924
Performance related compensation—realized (1,737) (3,079) (35,675) (48,619)
Realized net performance income (loss) 1,308 3,253 23,266 28,305
Investment income—realized 4,495 618 6,519 1,858
Interest and other investment income (expense)—realized 8,893 4,716 21,006 14,354
Interest expense (3,904) (2,392) (10,856) (5,372)
Realized net investment income (loss) 9,484 2,942 16,669 10,840
Realized income 243,710 182,152 690,736 532,359
Ares Management L.P | Operating segment | Private Equity Group        
Segment reporting        
Compensation and benefits (26,865) (23,220) (70,724) (62,047)
General, administrative and other expenses (7,824) (4,984) (21,992) (15,351)
Fee related earnings 18,183 28,983 54,214 59,258
Performance income—realized 0 34,316 2,212 159,479
Performance related compensation—realized (5) (27,483) (1,791) (127,706)
Realized net performance income (loss) (5) 6,833 421 31,773
Investment income—realized 8 1,878 2,283 (4,387)
Interest and other investment income (expense)—realized 201 4,861 1,898 9,825
Interest expense (4,183) (2,505) (11,185) (5,434)
Realized net investment income (loss) (3,974) 4,234 (7,004) 4
Realized income 14,204 40,050 47,631 91,035
Ares Management L.P | Operating segment | Real Assets Group        
Segment reporting        
Compensation and benefits (46,947) (33,070) (121,183) (73,438)
General, administrative and other expenses (10,032) (6,674) (28,308) (14,212)
Fee related earnings 46,382 32,450 134,844 69,583
Performance income—realized 26,939 4,114 78,637 10,317
Performance related compensation—realized (17,115) (2,809) (50,510) (6,983)
Realized net performance income (loss) 9,824 1,305 28,127 3,334
Investment income—realized 339 1,841 4,224 13,877
Interest and other investment income (expense)—realized 2,180 918 7,597 4,783
Interest expense (3,095) (1,904) (8,197) (4,528)
Realized net investment income (loss) (576) 855 3,624 14,132
Realized income 55,630 34,610 166,595 87,049
Ares Management L.P | Operating segment | Secondaries Group        
Segment reporting        
Compensation and benefits (19,191) (11,955) (45,964) (16,244)
General, administrative and other expenses (3,215) (2,593) (9,250) (3,452)
Fee related earnings 22,214 26,516 80,111 34,266
Performance income—realized 0 0 4,156 0
Performance related compensation—realized (1) 0 (3,515) 0
Realized net performance income (loss) (1) 0 641 0
Investment income—realized 0 0 0 0
Interest and other investment income (expense)—realized 424 699 3,268 701
Interest expense (1,753) (427) (3,775) (432)
Realized net investment income (loss) (1,329) 272 (507) 269
Realized income 20,884 26,788 80,245 34,535
Ares Management L.P | Operating segment | Strategic Initiatives        
Segment reporting        
Compensation and benefits (7,859) (5,316) (22,059) (15,440)
General, administrative and other expenses (1,486) (1,774) (5,575) (5,580)
Fee related earnings 8,905 9,456 24,924 28,025
Performance income—realized 0 0 0 0
Performance related compensation—realized 0 0 0 0
Realized net performance income (loss) 0 0 0 0
Investment income—realized 0 1,025 858 1,347
Interest and other investment income (expense)—realized 1,096 163 6,613 2,824
Interest expense (5,244) (4,135) (16,687) (8,962)
Realized net investment income (loss) (4,148) (2,947) (9,216) (4,791)
Realized income 4,757 6,509 15,708 23,234
Management fees        
Segment reporting        
Total revenues 548,458 448,262 1,546,350 1,135,821
Management fees | Total        
Segment reporting        
Total revenues 551,768 453,950 1,559,570 1,154,248
Management fees | OMG        
Segment reporting        
Total revenues 0 0 0 0
Management fees | Ares Management L.P | Operating segment        
Segment reporting        
Total revenues 551,768 453,950 1,559,570 1,154,248
Management fees | Ares Management L.P | Operating segment | Credit Group        
Segment reporting        
Total revenues 345,871 271,591 972,201 764,702
Management fees | Ares Management L.P | Operating segment | Private Equity Group        
Segment reporting        
Total revenues 52,316 56,817 145,669 135,930
Management fees | Ares Management L.P | Operating segment | Real Assets Group        
Segment reporting        
Total revenues 91,013 67,934 254,233 150,691
Management fees | Ares Management L.P | Operating segment | Secondaries Group        
Segment reporting        
Total revenues 44,385 41,064 135,090 53,962
Management fees | Ares Management L.P | Operating segment | Strategic Initiatives        
Segment reporting        
Total revenues 18,183 16,544 52,377 48,963
Fee related performance revenues        
Segment reporting        
Total revenues 1,090 579    
Fee related performance revenues | Total        
Segment reporting        
Total revenues     15,041 3,269
Fee related performance revenues | OMG        
Segment reporting        
Total revenues 0 0 0 0
Fee related performance revenues | Ares Management L.P | Operating segment        
Segment reporting        
Total revenues 1,090 579 15,041 3,269
Fee related performance revenues | Ares Management L.P | Operating segment | Credit Group        
Segment reporting        
Total revenues 0 0 12,628 1,331
Fee related performance revenues | Ares Management L.P | Operating segment | Private Equity Group        
Segment reporting        
Total revenues 0 0 0 0
Fee related performance revenues | Ares Management L.P | Operating segment | Real Assets Group        
Segment reporting        
Total revenues 855 579 2,178 1,938
Fee related performance revenues | Ares Management L.P | Operating segment | Secondaries Group        
Segment reporting        
Total revenues 235 0 235 0
Fee related performance revenues | Ares Management L.P | Operating segment | Strategic Initiatives        
Segment reporting        
Total revenues 0 0 0 0
Other fees | Total        
Segment reporting        
Total revenues 27,806 13,297 69,615 27,352
Other fees | OMG        
Segment reporting        
Total revenues 7,547 3,446 19,721 3,446
Other fees | Ares Management L.P | Operating segment        
Segment reporting        
Total revenues 20,259 9,851 49,894 23,906
Other fees | Ares Management L.P | Operating segment | Credit Group        
Segment reporting        
Total revenues 8,143 5,798 20,528 18,494
Other fees | Ares Management L.P | Operating segment | Private Equity Group        
Segment reporting        
Total revenues 556 370 1,261 726
Other fees | Ares Management L.P | Operating segment | Real Assets Group        
Segment reporting        
Total revenues 11,493 3,681 27,924 4,604
Other fees | Ares Management L.P | Operating segment | Secondaries Group        
Segment reporting        
Total revenues 0 0 0 0
Other fees | Ares Management L.P | Operating segment | Strategic Initiatives        
Segment reporting        
Total revenues $ 67 $ 2 $ 181 $ 82