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Condensed Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Assets    
Intangible assets, net $ 402,176 $ 490,695
Goodwill 1,133,074 1,123,976
Total assets 24,522,650 24,730,500
Liabilities    
Operating lease liabilities 535,686  
Total liabilities 18,643,116 19,709,151
Commitments and contingencies
Stockholders’ Equity    
Additional paid-in-capital 2,856,893 2,391,036
Accumulated deficit (792,398) (495,083)
Accumulated other comprehensive income (loss), net of tax 8,450 (5,630)
Total stockholders’ equity 2,076,075 1,893,399
Total equity 5,310,269 4,474,313
Total liabilities, redeemable interest, non-controlling interests and equity 24,522,650 24,730,500
Class A Common Stock    
Stockholders’ Equity    
Common stock 1,983 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 1,112 1,170
Consolidated Entity, Excluding VIE, Including Parent    
Assets    
Total assets 24,522,650 24,730,500
Liabilities    
Total liabilities 18,643,116 19,709,151
Ares Management L.P    
Assets    
Cash and cash equivalents 350,138 348,274
Investments (includes accrued carried interest of $3,486,892 and $3,413,007 as of September 30, 2024 and December 31, 2023, respectively) 4,692,520 4,624,932
Due from affiliates 870,779 896,746
Other assets 641,120 429,979
Right-of-use operating lease assets 426,483 249,326
Intangible assets, net 969,976 1,058,495
Goodwill 1,133,074 1,123,976
Liabilities    
Accounts payable, accrued expenses and other liabilities 328,883 233,884
Accrued compensation 401,035 287,259
Due to affiliates 416,041 240,254
Performance related compensation payable 2,518,898 2,514,610
Debt obligations 2,542,358 2,965,480
Operating lease liabilities 535,686 319,572
Redeemable interest 25,111 24,098
Non-controlling interests in Ares Operating Group entities 1,285,248 1,322,469
Stockholders’ Equity    
Additional paid-in-capital 2,856,893 2,391,036
Accumulated deficit (792,398) (495,083)
Accumulated other comprehensive income (loss), net of tax 8,450 (5,630)
Total stockholders’ equity 2,076,075 1,893,399
Ares Management L.P | Class A Common Stock    
Stockholders’ Equity    
Common stock 1,983 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 1,112 1,170
Consolidated Entity, Excluding VIE    
Assets    
Cash and cash equivalents 1,315,914 1,149,511
Other assets 91,819 100,823
Investments held in trust account 544,254 523,038
Investments, at fair value 13,310,098 14,078,549
Receivable for securities sold 176,475 146,851
Liabilities    
Accounts payable, accrued expenses and other liabilities 179,928 189,523
Due to affiliates 0 3,554
Payable for securities purchased 377,026 484,117
CLO loan obligations, at fair value 11,070,261 12,345,657
Fund borrowings 273,000 125,241
Redeemable interest 544,154 522,938
Non-controlling interests in Ares Operating Group entities $ 1,948,946 $ 1,258,445