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Condensed Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Assets    
Intangible assets, net $ 462,276 $ 490,695
Goodwill 1,130,085 1,123,976
Total assets 24,413,270 24,730,500
Liabilities    
Operating lease liabilities 308,336  
Total liabilities 19,382,799 19,709,151
Commitments and contingencies
Stockholders’ Equity    
Additional paid-in-capital 2,387,437 2,391,036
Accumulated deficit (612,560) (495,083)
Accumulated other comprehensive loss, net of tax (10,480) (5,630)
Total stockholders’ equity 1,767,494 1,893,399
Total equity 4,477,072 4,474,313
Total liabilities, redeemable interest, non-controlling interests and equity 24,413,270 24,730,500
Class A Common Stock    
Stockholders’ Equity    
Common stock 1,911 1,871
Non-voting Common Stock    
Stockholders’ Equity    
Common stock 35 35
Class B Common Stock    
Stockholders’ Equity    
Common stock 0 0
Class C Common Stock    
Stockholders’ Equity    
Common stock 1,151 1,170
Consolidated Entity, Excluding VIE, Including Parent    
Liabilities    
Total liabilities 19,382,799 19,709,151
Ares Management L.P    
Assets    
Cash and cash equivalents 346,331 348,274
Investments (includes accrued carried interest of $3,361,519 and $3,413,007 as of March 31, 2024 and December 31, 2023, respectively) 4,484,884 4,624,932
Due from affiliates 809,273 896,746
Other assets 519,292 429,979
Right-of-use operating lease assets 237,019 249,326
Intangible assets, net 1,030,076 1,058,495
Goodwill 1,130,085 1,123,976
Liabilities    
Accounts payable, accrued expenses and other liabilities 262,551 233,884
Accrued compensation 217,788 287,259
Due to affiliates 363,308 240,254
Performance related compensation payable 2,449,732 2,514,610
Debt obligations 3,046,182 2,965,480
Operating lease liabilities 308,336 319,572
Redeemable interest 23,612 24,098
Non-controlling interests in Ares Operating Group entities 1,194,276 1,322,469
Stockholders’ Equity    
Additional paid-in-capital 2,387,437 2,391,036
Accumulated deficit (612,560) (495,083)
Accumulated other comprehensive loss, net of tax (10,480) (5,630)
Total stockholders’ equity 1,767,494 1,893,399
Ares Management L.P | Class A Common Stock    
Stockholders’ Equity    
Common stock 1,911 1,871
Ares Management L.P | Non-voting Common Stock    
Stockholders’ Equity    
Common stock 35 35
Ares Management L.P | Class B Common Stock    
Stockholders’ Equity    
Common stock 0 0
Ares Management L.P | Class C Common Stock    
Stockholders’ Equity    
Common stock 1,151 1,170
Consolidated Entity, Excluding VIE    
Assets    
Cash and cash equivalents 1,199,376 1,149,511
Due from affiliates 15,924 14,151
Other assets 77,095 86,672
Investments held in trust account 529,887 523,038
Investments, at fair value 13,790,030 14,078,549
Receivable for securities sold 243,998 146,851
Liabilities    
Accounts payable, accrued expenses and other liabilities 189,556 189,523
Due to affiliates 12,727 3,554
Payable for securities purchased 548,032 484,117
CLO loan obligations, at fair value 11,906,346 12,345,657
Fund borrowings 78,241 125,241
Redeemable interest 529,787 522,938
Non-controlling interests in Ares Operating Group entities $ 1,515,302 $ 1,258,445