Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Assets
Intangible assets, net	$ 408,028	$ 490,695
Goodwill	1,162,636	1,123,976
Total assets	24,884,308	24,730,500
Liabilities
Operating lease liabilities	641,864
Total liabilities	17,485,922	19,709,151
Commitments and contingencies (Note 8)
Stockholders’ Equity
Additional paid-in-capital	2,936,794	2,391,036
Accumulated deficit	(837,294)	(495,083)
Accumulated other comprehensive loss, net of tax	(17,757)	(5,630)
Total stockholders’ equity	3,543,646	1,893,399
Total equity	6,824,190	4,474,313
Total liabilities, redeemable interest, non-controlling interests and equity	24,884,308	24,730,500
Series B Mandatory Convertible Preferred Stock
Stockholders’ Equity
Series B mandatory convertible preferred stock, $0.01 par value, 1,000,000,000 shares authorized (30,000,000 shares issued and outstanding as of December 31, 2024)	1,458,771	0
Class A Common Stock
Stockholders’ Equity
Common stock	1,999	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	1,098	1,170
Consolidated Entity, Excluding VIE, Including Parent
Assets
Total assets	24,884,308	24,730,500
Liabilities
Total liabilities	17,485,922	19,709,151
Ares Management L.P
Assets
Cash and cash equivalents	1,507,976	348,274
Investments (includes accrued carried interest of $3,495,115 and $3,413,007 as of December 31, 2024 and 2023, respectively)	4,644,775	4,624,932
Due from affiliates	1,056,608	896,746
Other assets	774,654	429,979
Right-of-use operating lease assets	511,319	249,326
Intangible assets, net	975,828	1,058,495
Goodwill	1,162,636	1,123,976
Liabilities
Accounts payable, accrued expenses and other liabilities	363,872	233,884
Accrued compensation	280,894	287,259
Due to affiliates	500,480	240,254
Performance related compensation payable	2,537,203	2,514,610
Debt obligations	2,558,914	2,965,480
Operating lease liabilities	641,864	319,572
Redeemable interest	23,496	24,098
Non-controlling interests in Ares Operating Group entities	1,254,878	1,322,469
Stockholders’ Equity
Additional paid-in-capital	2,936,794	2,391,036
Accumulated deficit	(837,294)	(495,083)
Accumulated other comprehensive loss, net of tax	(17,757)	(5,630)
Total stockholders’ equity	3,543,646	1,893,399
Ares Management L.P | Series B Mandatory Convertible Preferred Stock
Stockholders’ Equity
Series B mandatory convertible preferred stock, $0.01 par value, 1,000,000,000 shares authorized (30,000,000 shares issued and outstanding as of December 31, 2024)	1,458,771
Ares Management L.P | Class A Common Stock
Stockholders’ Equity
Common stock	1,999	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	1,098	1,170
Consolidated Funds
Assets
Cash and cash equivalents	1,227,489	1,149,511
Other assets	82,397	100,823
Investments held in trust account	550,800	523,038
Investments, at fair value	12,187,044	14,078,549
Receivable for securities sold	202,782	146,851
Liabilities
Accounts payable, accrued expenses and other liabilities	323,100	189,523
Due to affiliates	0	3,554
Payable for securities purchased	332,406	484,117
CLO loan obligations, at fair value	9,672,189	12,345,657
Fund borrowings	275,000	125,241
Redeemable interest	550,700	522,938
Non-controlling interests in Ares Operating Group entities	$ 2,025,666	$ 1,258,445