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Condensed Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Assets    
Intangible assets, net $ 433,326 $ 490,695
Goodwill 1,130,327 1,123,976
Total assets 24,192,557 24,730,500
Liabilities    
Operating lease liabilities 304,205  
Total liabilities 18,435,543 19,709,151
Commitments and contingencies
Stockholders’ Equity    
Additional paid-in-capital 2,721,980 2,391,036
Accumulated deficit (712,856) (495,083)
Accumulated other comprehensive loss, net of tax (10,481) (5,630)
Total stockholders’ equity 2,001,768 1,893,399
Total equity 5,197,090 4,474,313
Total liabilities, redeemable interest, non-controlling interests and equity 24,192,557 24,730,500
Class A Common Stock    
Stockholders’ Equity    
Common stock 1,957 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 1,133 1,170
Consolidated Entity, Excluding VIE, Including Parent    
Assets    
Total assets 24,192,557 24,730,500
Liabilities    
Total liabilities 18,435,543 19,709,151
Ares Management L.P    
Assets    
Cash and cash equivalents 284,445 348,274
Investments (includes accrued carried interest of $3,222,927 and $3,413,007 as of June 30, 2024 and December 31, 2023, respectively) 4,415,428 4,624,932
Due from affiliates 816,535 896,746
Other assets 579,509 429,979
Right-of-use operating lease assets 231,518 249,326
Intangible assets, net 1,001,126 1,058,495
Goodwill 1,130,327 1,123,976
Liabilities    
Accounts payable, accrued expenses and other liabilities 274,144 233,884
Accrued compensation 296,784 287,259
Due to affiliates 349,222 240,254
Performance related compensation payable 2,341,094 2,514,610
Debt obligations 2,566,887 2,965,480
Operating lease liabilities 304,205 319,572
Redeemable interest 23,178 24,098
Non-controlling interests in Ares Operating Group entities 1,289,401 1,322,469
Stockholders’ Equity    
Additional paid-in-capital 2,721,980 2,391,036
Accumulated deficit (712,856) (495,083)
Accumulated other comprehensive loss, net of tax (10,481) (5,630)
Total stockholders’ equity 2,001,768 1,893,399
Ares Management L.P | Class A Common Stock    
Stockholders’ Equity    
Common stock 1,957 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 1,133 1,170
Consolidated Entity, Excluding VIE    
Assets    
Cash and cash equivalents 1,241,041 1,149,511
Other assets 94,703 100,823
Investments held in trust account 536,846 523,038
Investments, at fair value 13,678,134 14,078,549
Receivable for securities sold 182,945 146,851
Liabilities    
Accounts payable, accrued expenses and other liabilities 170,672 189,523
Due to affiliates 0 3,554
Payable for securities purchased 503,533 484,117
CLO loan obligations, at fair value 11,491,761 12,345,657
Fund borrowings 137,241 125,241
Redeemable interest 536,746 522,938
Non-controlling interests in Ares Operating Group entities $ 1,905,921 $ 1,258,445