XML 109 R69.htm IDEA: XBRL DOCUMENT v3.24.1.u1
SEGMENT REPORTING - Schedule of Financial Results for Company's Operating Segments and OMG (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Segment reporting    
Total revenues $ 707,363 $ 813,362
Compensation and benefits (412,951) (360,781)
General, administrative and other expenses (170,928) (148,345)
Total    
Segment reporting    
Compensation and benefits (300,015) (278,031)
General, administrative and other expenses (115,273) (94,517)
Fee related earnings 301,670 254,637
Performance income—realized 23,181 31,136
Performance related compensation—realized (13,156) (23,859)
Realized net performance income 10,025 7,277
Investment income (loss)—realized (735) (217)
Interest and other investment income (expense)—realized 16,020 17,581
Interest expense (37,824) (24,986)
Realized net investment income (loss) (22,539) (7,622)
Realized income 289,156 254,292
Operating segment    
Segment reporting    
Fee related earnings (441,974) (381,136)
Performance income—realized 23,181 31,136
Performance related compensation—realized (13,156) (23,859)
Realized income (429,048) (380,909)
OMG    
Segment reporting    
Total revenues (4,333) (4,640)
Compensation and benefits (94,157) (84,967)
General, administrative and other expenses (50,480) (46,172)
Fee related earnings (140,304) (126,499)
Performance income—realized 0 0
Performance related compensation—realized 0 0
Realized net performance income 0 0
Investment income (loss)—realized 0 0
Interest and other investment income (expense)—realized 452 (92)
Interest expense (40) (26)
Realized net investment income (loss) 412 (118)
Realized income (139,892) (126,617)
Ares Management L.P    
Segment reporting    
Total revenues 707,363 813,362
Ares Management L.P | Operating segment    
Segment reporting    
Compensation and benefits (205,858) (193,064)
General, administrative and other expenses (64,793) (48,345)
Fee related earnings 441,974 381,136
Performance income—realized 23,181 31,136
Performance related compensation—realized (13,156) (23,859)
Realized net performance income 10,025 7,277
Investment income (loss)—realized (735) (217)
Interest and other investment income (expense)—realized 15,568 17,673
Interest expense (37,784) (24,960)
Realized net investment income (loss) (22,951) (7,504)
Realized income 429,048 380,909
Ares Management L.P | Operating segment | Credit Group    
Segment reporting    
Compensation and benefits (134,849) (121,900)
General, administrative and other expenses (34,366) (26,676)
Fee related earnings 352,417 291,640
Performance income—realized 16,766 7,410
Performance related compensation—realized (8,734) (5,881)
Realized net performance income 8,032 1,529
Investment income (loss)—realized (398) 506
Interest and other investment income (expense)—realized 4,930 8,113
Interest expense (9,013) (8,630)
Realized net investment income (loss) (4,481) (11)
Realized income 355,968 293,158
Ares Management L.P | Operating segment | Real Assets Group    
Segment reporting    
Compensation and benefits (37,918) (37,986)
General, administrative and other expenses (14,453) (12,284)
Fee related earnings 46,518 53,662
Performance income—realized 3,677 6,086
Performance related compensation—realized (2,228) (3,758)
Realized net performance income 1,449 2,328
Investment income (loss)—realized (457) (1,772)
Interest and other investment income (expense)—realized 3,835 1,821
Interest expense (5,949) (3,896)
Realized net investment income (loss) (2,571) (3,847)
Realized income 45,396 52,143
Ares Management L.P | Operating segment | Private Equity Group    
Segment reporting    
Compensation and benefits (14,785) (16,626)
General, administrative and other expenses (5,216) (4,485)
Fee related earnings 15,371 9,123
Performance income—realized 2,738 17,640
Performance related compensation—realized (2,194) (14,220)
Realized net performance income 544 3,420
Investment income (loss)—realized 120 879
Interest and other investment income (expense)—realized 184 166
Interest expense (5,889) (4,805)
Realized net investment income (loss) (5,585) (3,760)
Realized income 10,330 8,783
Ares Management L.P | Operating segment | Secondaries Group    
Segment reporting    
Compensation and benefits (12,714) (13,412)
General, administrative and other expenses (9,068) (4,292)
Fee related earnings 25,605 25,430
Performance income—realized 0 0
Performance related compensation—realized 0 0
Realized net performance income 0 0
Investment income (loss)—realized 0 0
Interest and other investment income (expense)—realized 210 1,225
Interest expense (2,698) (2,305)
Realized net investment income (loss) (2,488) (1,080)
Realized income 23,117 24,350
Ares Management L.P | Operating segment | Other    
Segment reporting    
Compensation and benefits (5,592) (3,140)
General, administrative and other expenses (1,690) (608)
Fee related earnings 2,063 1,281
Performance income—realized 0 0
Performance related compensation—realized 0 0
Realized net performance income 0 0
Investment income (loss)—realized 0 170
Interest and other investment income (expense)—realized 6,409 6,348
Interest expense (14,235) (5,324)
Realized net investment income (loss) (7,826) 1,194
Realized income (5,763) 2,475
Management fees    
Segment reporting    
Total revenues 687,692 600,516
Management fees | Total    
Segment reporting    
Total revenues 693,365 602,619
Management fees | OMG    
Segment reporting    
Total revenues 0 0
Management fees | Ares Management L.P | Operating segment    
Segment reporting    
Total revenues 693,365 602,619
Management fees | Ares Management L.P | Operating segment | Credit Group    
Segment reporting    
Total revenues 510,966 430,467
Management fees | Ares Management L.P | Operating segment | Real Assets Group    
Segment reporting    
Total revenues 93,814 97,470
Management fees | Ares Management L.P | Operating segment | Private Equity Group    
Segment reporting    
Total revenues 34,933 29,840
Management fees | Ares Management L.P | Operating segment | Secondaries Group    
Segment reporting    
Total revenues 44,421 39,863
Management fees | Ares Management L.P | Operating segment | Other    
Segment reporting    
Total revenues 9,231 4,979
Fee related performance revenues | Total    
Segment reporting    
Total revenues 3,717 3,871
Fee related performance revenues | OMG    
Segment reporting    
Total revenues 0 0
Fee related performance revenues | Ares Management L.P | Operating segment    
Segment reporting    
Total revenues 3,717 3,871
Fee related performance revenues | Ares Management L.P | Operating segment | Credit Group    
Segment reporting    
Total revenues 755 600
Fee related performance revenues | Ares Management L.P | Operating segment | Real Assets Group    
Segment reporting    
Total revenues 0 0
Fee related performance revenues | Ares Management L.P | Operating segment | Private Equity Group    
Segment reporting    
Total revenues 0 0
Fee related performance revenues | Ares Management L.P | Operating segment | Secondaries Group    
Segment reporting    
Total revenues 2,962 3,271
Fee related performance revenues | Ares Management L.P | Operating segment | Other    
Segment reporting    
Total revenues 0 0
Other fees | Total    
Segment reporting    
Total revenues 19,876 20,695
Other fees | OMG    
Segment reporting    
Total revenues 4,333 4,640
Other fees | Ares Management L.P | Operating segment    
Segment reporting    
Total revenues 15,543 16,055
Other fees | Ares Management L.P | Operating segment | Credit Group    
Segment reporting    
Total revenues 9,911 9,149
Other fees | Ares Management L.P | Operating segment | Real Assets Group    
Segment reporting    
Total revenues 5,075 6,462
Other fees | Ares Management L.P | Operating segment | Private Equity Group    
Segment reporting    
Total revenues 439 394
Other fees | Ares Management L.P | Operating segment | Secondaries Group    
Segment reporting    
Total revenues 4 0
Other fees | Ares Management L.P | Operating segment | Other    
Segment reporting    
Total revenues $ 114 $ 50