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FAIR VALUE - Schedule of Changes in Fair Value of Level III Measurements (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Consolidated Funds         
Level III Net Assets of Consolidated Funds        
Balance, beginning of period $ 2,004,208 $ 2,037,790 $ 1,929,222 $ 1,965,647
Transfer in (out) due to changes in consolidated   380,688   (380,688)
Transfer in 213,045 57,540 149,292 195,575
Transfer out (203,255) (214,205) (298,030) (489,165)
Purchases 547,398 299,557 981,105 669,102
Sales/settlements (199,490) (177,248) (424,037) (375,132)
Realized and unrealized appreciation (depreciation), net 26,830 88,757 51,184 126,164
Balance, end of period 2,388,736 1,711,503 2,388,736 1,711,503
Change in net unrealized appreciation/depreciation included in earnings related to financial assets still held at the reporting date $ 28,222 $ 58,355 $ 52,538 $ 88,757
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Net realized and unrealized gains (losses) from investments Net realized and unrealized gains (losses) from investments Net realized and unrealized gains (losses) from investments Net realized and unrealized gains (losses) from investments
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Asset, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration] Net realized and unrealized gains (losses) from investments Net realized and unrealized gains (losses) from investments Net realized and unrealized gains (losses) from investments Net realized and unrealized gains (losses) from investments
Consolidated Funds  | Equity securities        
Level III Net Assets of Consolidated Funds        
Balance, beginning of period $ 1,366,464 $ 932,635 $ 1,190,400 $ 730,880
Transfer in (out) due to changes in consolidated   2,076   (2,076)
Transfer in 413 0 475 0
Transfer out 0 0 0 0
Purchases 191,639 48,645 346,112 229,016
Sales/settlements 0 (4) 0 (126)
Realized and unrealized appreciation (depreciation), net 28,338 86,865 49,867 108,371
Balance, end of period 1,586,854 1,066,065 1,586,854 1,066,065
Change in net unrealized appreciation/depreciation included in earnings related to financial assets still held at the reporting date 30,259 86,879 51,952 108,324
Consolidated Funds  | Fixed Income        
Level III Net Assets of Consolidated Funds        
Balance, beginning of period 639,318 732,804 740,113 869,668
Transfer in (out) due to changes in consolidated   4,563   (4,563)
Transfer in 212,632 57,540 148,817 195,575
Transfer out (203,255) (214,205) (298,030) (489,165)
Purchases 355,692 250,912 634,880 391,086
Sales/settlements (199,490) (177,095) (424,037) (325,968)
Realized and unrealized appreciation (depreciation), net (1,400) 2,738 1,754 11,498
Balance, end of period 803,497 648,131 803,497 648,131
Change in net unrealized appreciation/depreciation included in earnings related to financial assets still held at the reporting date (1,868) (27,469) 1,028 (20,381)
Consolidated Funds  | Partnership Interests        
Level III Net Assets of Consolidated Funds        
Balance, beginning of period   374,049   368,655
Transfer in (out) due to changes in consolidated   374,049   (374,049)
Transfer in   0   0
Transfer out   0   0
Purchases   0   49,000
Sales/settlements   0   (48,889)
Realized and unrealized appreciation (depreciation), net   0   5,283
Balance, end of period   0   0
Change in net unrealized appreciation/depreciation included in earnings related to financial assets still held at the reporting date   0   0
Consolidated Funds  | Derivatives, Net        
Level III Net Assets of Consolidated Funds        
Balance, beginning of period (1,574) (1,698) (1,291) (3,556)
Transfer in (out) due to changes in consolidated   0   0
Transfer in 0 0 0 0
Transfer out 0 0 0 0
Purchases 67 0 113 0
Sales/settlements 0 (149) 0 (149)
Realized and unrealized appreciation (depreciation), net (108) (846) (437) 1,012
Balance, end of period (1,615) (2,693) (1,615) (2,693)
Change in net unrealized appreciation/depreciation included in earnings related to financial assets still held at the reporting date (169) (1,055) (442) 814
Ares Management L.P        
Level III Net Assets of Consolidated Funds        
Balance, beginning of period 438,462 200,242 538,785 198,719
Transfer in 60,917   60,917  
Transfer out (37,587)   (37,587)  
Purchases 265,057 38,979 267,353 40,226
Sales/settlements (253,164) (1,722) (362,306) (3,213)
Realized and unrealized appreciation (depreciation), net (1,868) 1,649 4,655 3,416
Balance, end of period 471,817 239,148 471,817 239,148
Change in net unrealized appreciation/depreciation included in earnings related to financial assets still held at the reporting date (2,910) 1,649 3,613 3,416
Ares Management L.P | Equity securities        
Level III Net Assets of Consolidated Funds        
Balance, beginning of period 416,874 125,073 412,491 121,785
Transfer in 0   0  
Transfer out (37,587)   (37,587)  
Purchases 1,650 38,208 1,680 38,260
Sales/settlements (1,790) (881) (2,572) (836)
Realized and unrealized appreciation (depreciation), net 296 2,971 5,431 6,162
Balance, end of period 379,443 165,371 379,443 165,371
Change in net unrealized appreciation/depreciation included in earnings related to financial assets still held at the reporting date (1,354) 2,971 3,780 5,949
Ares Management L.P | Fixed Income        
Level III Net Assets of Consolidated Funds        
Balance, beginning of period 21,588 75,169 126,294 76,934
Transfer in 60,917   60,917  
Transfer out 0   0  
Purchases 263,407 771 265,673 1,966
Sales/settlements (251,374) (841) (359,734) (2,377)
Realized and unrealized appreciation (depreciation), net (2,164) (1,322) (776) (2,746)
Balance, end of period 92,374 73,777 92,374 73,777
Change in net unrealized appreciation/depreciation included in earnings related to financial assets still held at the reporting date $ (1,556) $ (1,322) $ (167) $ (2,533)