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FAIR VALUE - Changes in Fair Value of Level III Measurements (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Consolidated Funds     
Level III Net Assets of Consolidated Funds    
Balance, beginning of period $ 1,965,647 $ 1,317,703
Transfer in 284,198 171,945
Transfer out (447,536) (90,417)
Purchases 417,604 174,897
Sales/settlements (222,513) (129,666)
Amortized discounts/premiums 749 654
Realized and unrealized appreciation(depreciation), net 39,641 3,286
Balance, end of period 2,037,790 1,448,402
Change in net unrealized depreciation included in earnings related to financial assets and liabilities still held at the reporting date $ 7,965 $ (9,173)
Level III Liabilities of the Company    
Fair value recurring basis unobservable input reconciliation asset gain loss statement of other comprehensive income extensible list not disclosed Net realized and unrealized gains on investments Net realized and unrealized gains on investments
Fair value, asset, recurring basis, unobservable input reconciliation, asset, gain (loss), statement of other comprehensive income or comprehensive income Net realized and unrealized gains on investments Net realized and unrealized gains on investments
Consolidated Funds  | Equity securities    
Level III Net Assets of Consolidated Funds    
Balance, beginning of period $ 730,880 $ 339,183
Transfer in 0 0
Transfer out 0 0
Purchases 180,372 7,320
Sales/settlements (122) (10,189)
Amortized discounts/premiums 0 0
Realized and unrealized appreciation(depreciation), net 21,505 14,826
Balance, end of period 932,635 351,140
Change in net unrealized depreciation included in earnings related to financial assets and liabilities still held at the reporting date 21,436 20
Consolidated Funds  | Fixed Income    
Level III Net Assets of Consolidated Funds    
Balance, beginning of period 869,668 742,952
Transfer in 284,198 171,945
Transfer out (447,536) (90,417)
Purchases 188,232 143,577
Sales/settlements (173,502) (97,975)
Amortized discounts/premiums 749 654
Realized and unrealized appreciation(depreciation), net 10,995 (11,435)
Balance, end of period 732,804 859,301
Change in net unrealized depreciation included in earnings related to financial assets and liabilities still held at the reporting date (20,602) (9,031)
Consolidated Funds  | Partnership Interests    
Level III Net Assets of Consolidated Funds    
Balance, beginning of period 368,655 238,673
Transfer in 0 0
Transfer out 0 0
Purchases 49,000 24,000
Sales/settlements (48,889) (21,500)
Amortized discounts/premiums 0 0
Realized and unrealized appreciation(depreciation), net 5,283 (50)
Balance, end of period 374,049 241,123
Change in net unrealized depreciation included in earnings related to financial assets and liabilities still held at the reporting date 5,283 (50)
Consolidated Funds  | Derivatives, Net    
Level III Net Assets of Consolidated Funds    
Balance, beginning of period (3,556) (3,105)
Transfer in 0 0
Transfer out 0 0
Purchases 0 0
Sales/settlements 0 (2)
Amortized discounts/premiums 0 0
Realized and unrealized appreciation(depreciation), net 1,858 (55)
Balance, end of period (1,698) (3,162)
Change in net unrealized depreciation included in earnings related to financial assets and liabilities still held at the reporting date 1,848 (112)
Ares Management L.P    
Level III Net Assets of Consolidated Funds    
Balance, beginning of period 198,719 106,486
Transfer in due to changes in consolidation   (1,491)
Purchases 1,246  
Sales/settlements (1,491) 46,775
Change in fair value   (988)
Realized and unrealized appreciation(depreciation), net 1,768 4,218
Balance, end of period 200,242 157,982
Change in net unrealized depreciation included in earnings related to financial assets and liabilities still held at the reporting date 1,767 3,230
Ares Management L.P | Equity securities    
Level III Net Assets of Consolidated Funds    
Balance, beginning of period 121,785 108,949
Transfer in due to changes in consolidation   (1,491)
Purchases 52  
Sales/settlements 45 (213)
Change in fair value   0
Realized and unrealized appreciation(depreciation), net 3,191 4,272
Balance, end of period 125,073 114,499
Change in net unrealized depreciation included in earnings related to financial assets and liabilities still held at the reporting date 2,978 4,272
Ares Management L.P | Fixed Income    
Level III Net Assets of Consolidated Funds    
Balance, beginning of period 76,934 52,397
Transfer in due to changes in consolidation   0
Purchases 1,194  
Sales/settlements (1,536) (885)
Change in fair value   0
Realized and unrealized appreciation(depreciation), net (1,423) (54)
Balance, end of period 75,169 51,458
Change in net unrealized depreciation included in earnings related to financial assets and liabilities still held at the reporting date $ (1,211) (54)
Ares Management L.P | Partnership Interests    
Level III Net Assets of Consolidated Funds    
Balance, beginning of period   2,575
Transfer in due to changes in consolidation   0
Sales/settlements   0
Change in fair value   0
Realized and unrealized appreciation(depreciation), net   0
Balance, end of period   2,575
Change in net unrealized depreciation included in earnings related to financial assets and liabilities still held at the reporting date   0
Ares Management L.P | Contingent Consideration    
Level III Liabilities of the Company    
Balance, beginning of period   (57,435)
Transfer in due to changes in consolidation   0
Sales/settlements   47,873
Change in fair value   (988)
Realized and unrealized appreciation (depreciation), net   0
Balance, end of period   (10,550)
Change in net unrealized appreciation and fair value included in earnings related to financial liabilities still held at the reporting date   $ (988)