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FAIR VALUE - Schedule of Assets and Liabilities Measured at Fair Value (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Consolidated Funds     
Investments:    
Common stock and other equity securities $ 1,861,146 $ 1,240,653
Collateralized loan obligations and fixed income securities 8,876,318 11,718,445
Alternative Investment 2,000,380 1,642,489
Total investments, at fair value 12,737,844 14,601,587
Total assets, at fair value 12,740,839 14,610,713
Liabilities, at fair value    
Loan obligations of CLOs (9,672,189) (12,345,657)
Derivative liabilities (4,734) (10,782)
Total liabilities, at fair value $ (9,676,923) $ (12,356,439)
Derivative liability, statement of financial position Total liabilities Total liabilities
Consolidated Funds  | Derivatives-foreign currency forward contracts    
Investments:    
Derivatives-foreign currency forward contracts $ 2,995 $ 9,126
Liabilities, at fair value    
Derivative liabilities (2,888) (9,491)
Consolidated Funds  | Asset swaps    
Liabilities, at fair value    
Derivative liabilities (1,846) (1,291)
Consolidated Funds  | Loans and securitization vehicles    
Investments:    
Collateralized loan obligations and fixed income securities 7,907,449 10,616,458
Consolidated Funds  | U.S. treasury securities    
Investments:    
Collateralized loan obligations and fixed income securities 550,800 523,038
Consolidated Funds  | Bonds    
Investments:    
Collateralized loan obligations and fixed income securities 418,069 578,949
Level I  | Consolidated Funds     
Investments:    
Common stock and other equity securities 28,603 47,503
Collateralized loan obligations and fixed income securities 550,800 523,038
Alternative Investment 0 0
Total investments, at fair value 579,403 570,541
Total assets, at fair value 579,403 570,541
Liabilities, at fair value    
Loan obligations of CLOs 0 0
Derivative liabilities 0 0
Total liabilities, at fair value 0 0
Level I  | Consolidated Funds  | Derivatives-foreign currency forward contracts    
Investments:    
Derivatives-foreign currency forward contracts 0 0
Liabilities, at fair value    
Derivative liabilities 0 0
Level I  | Consolidated Funds  | Asset swaps    
Liabilities, at fair value    
Derivative liabilities 0 0
Level I  | Consolidated Funds  | Loans and securitization vehicles    
Investments:    
Collateralized loan obligations and fixed income securities 0 0
Level I  | Consolidated Funds  | U.S. treasury securities    
Investments:    
Collateralized loan obligations and fixed income securities 550,800 523,038
Level I  | Consolidated Funds  | Bonds    
Investments:    
Collateralized loan obligations and fixed income securities 0 0
Level II  | Consolidated Funds     
Investments:    
Common stock and other equity securities 2,615 2,750
Collateralized loan obligations and fixed income securities 7,731,701 10,455,294
Alternative Investment 0 0
Total investments, at fair value 7,734,316 10,458,044
Total assets, at fair value 7,737,311 10,467,170
Liabilities, at fair value    
Loan obligations of CLOs (9,672,189) (12,345,657)
Derivative liabilities (2,888) (9,491)
Total liabilities, at fair value (9,675,077) (12,355,148)
Level II  | Consolidated Funds  | Derivatives-foreign currency forward contracts    
Investments:    
Derivatives-foreign currency forward contracts 2,995 9,126
Liabilities, at fair value    
Derivative liabilities (2,888) (9,491)
Level II  | Consolidated Funds  | Asset swaps    
Liabilities, at fair value    
Derivative liabilities 0 0
Level II  | Consolidated Funds  | Loans and securitization vehicles    
Investments:    
Collateralized loan obligations and fixed income securities 7,313,632 9,879,915
Level II  | Consolidated Funds  | U.S. treasury securities    
Investments:    
Collateralized loan obligations and fixed income securities 0 0
Level II  | Consolidated Funds  | Bonds    
Investments:    
Collateralized loan obligations and fixed income securities 418,069 575,379
Level III  | Consolidated Funds     
Investments:    
Common stock and other equity securities 1,829,928 1,190,400
Collateralized loan obligations and fixed income securities 593,817 740,113
Alternative Investment 0 0
Total investments, at fair value 2,423,745 1,930,513
Total assets, at fair value 2,423,745 1,930,513
Liabilities, at fair value    
Loan obligations of CLOs 0 0
Derivative liabilities (1,846) (1,291)
Total liabilities, at fair value (1,846) (1,291)
Level III  | Consolidated Funds  | Derivatives-foreign currency forward contracts    
Investments:    
Derivatives-foreign currency forward contracts 0 0
Liabilities, at fair value    
Derivative liabilities 0 0
Level III  | Consolidated Funds  | Asset swaps    
Liabilities, at fair value    
Derivative liabilities (1,846) (1,291)
Level III  | Consolidated Funds  | Loans and securitization vehicles    
Investments:    
Collateralized loan obligations and fixed income securities 593,817 736,543
Level III  | Consolidated Funds  | U.S. treasury securities    
Investments:    
Collateralized loan obligations and fixed income securities 0 0
Level III  | Consolidated Funds  | Bonds    
Investments:    
Collateralized loan obligations and fixed income securities 0 3,570
Investments Measured at NAV | Consolidated Funds     
Investments:    
Common stock and other equity securities 0 0
Collateralized loan obligations and fixed income securities 0 0
Alternative Investment 2,000,380 1,642,489
Total investments, at fair value 2,000,380 1,642,489
Total assets, at fair value 2,000,380 1,642,489
Liabilities, at fair value    
Loan obligations of CLOs 0 0
Derivative liabilities 0 0
Total liabilities, at fair value 0 0
Investments Measured at NAV | Consolidated Funds  | Derivatives-foreign currency forward contracts    
Investments:    
Derivatives-foreign currency forward contracts 0 0
Liabilities, at fair value    
Derivative liabilities 0 0
Investments Measured at NAV | Consolidated Funds  | Asset swaps    
Liabilities, at fair value    
Derivative liabilities 0 0
Investments Measured at NAV | Consolidated Funds  | Loans and securitization vehicles    
Investments:    
Collateralized loan obligations and fixed income securities 0 0
Investments Measured at NAV | Consolidated Funds  | U.S. treasury securities    
Investments:    
Collateralized loan obligations and fixed income securities 0 0
Investments Measured at NAV | Consolidated Funds  | Bonds    
Investments:    
Collateralized loan obligations and fixed income securities 0 0
Ares Management L.P    
Cash equivalents:    
Money market funds 1,071,071  
Investments:    
Common stock and other equity securities 515,216 499,063
Alternative Investment 238 6,287
Total investments, at fair value 557,287 631,644
Total assets, at fair value 1,632,095 632,773
Liabilities, at fair value    
Contingent consideration 17,550  
Total liabilities, at fair value (17,766) (2,645)
Ares Management L.P | Derivatives-foreign currency forward contracts    
Investments:    
Derivatives-foreign currency forward contracts 3,737 1,129
Liabilities, at fair value    
Derivative liabilities (216) (2,645)
Ares Management L.P | Collateralized loan obligations and fixed income securities    
Investments:    
Collateralized loan obligations and fixed income securities 41,833 126,294
Ares Management L.P | Level I     
Cash equivalents:    
Money market funds 1,071,071  
Investments:    
Common stock and other equity securities 0 0
Alternative Investment 0 0
Total investments, at fair value 0 0
Total assets, at fair value 1,071,071 0
Liabilities, at fair value    
Contingent consideration 0  
Total liabilities, at fair value 0 0
Ares Management L.P | Level I  | Derivatives-foreign currency forward contracts    
Investments:    
Derivatives-foreign currency forward contracts 0 0
Liabilities, at fair value    
Derivative liabilities 0 0
Ares Management L.P | Level I  | Collateralized loan obligations and fixed income securities    
Investments:    
Collateralized loan obligations and fixed income securities 0 0
Ares Management L.P | Level II     
Cash equivalents:    
Money market funds 0  
Investments:    
Common stock and other equity securities 104,037 86,572
Alternative Investment 0 0
Total investments, at fair value 104,037 86,572
Total assets, at fair value 107,774 87,701
Liabilities, at fair value    
Contingent consideration 0  
Total liabilities, at fair value (216) (2,645)
Ares Management L.P | Level II  | Derivatives-foreign currency forward contracts    
Investments:    
Derivatives-foreign currency forward contracts 3,737 1,129
Liabilities, at fair value    
Derivative liabilities (216) (2,645)
Ares Management L.P | Level II  | Collateralized loan obligations and fixed income securities    
Investments:    
Collateralized loan obligations and fixed income securities 0 0
Ares Management L.P | Level III     
Cash equivalents:    
Money market funds 0  
Investments:    
Common stock and other equity securities 411,179 412,491
Alternative Investment 0 0
Total investments, at fair value 453,012 538,785
Total assets, at fair value 453,012 538,785
Liabilities, at fair value    
Contingent consideration 17,550  
Total liabilities, at fair value (17,550) 0
Ares Management L.P | Level III  | Derivatives-foreign currency forward contracts    
Investments:    
Derivatives-foreign currency forward contracts 0 0
Liabilities, at fair value    
Derivative liabilities 0 0
Ares Management L.P | Level III  | Collateralized loan obligations and fixed income securities    
Investments:    
Collateralized loan obligations and fixed income securities 41,833 126,294
Ares Management L.P | Investments Measured at NAV    
Cash equivalents:    
Money market funds 0  
Investments:    
Common stock and other equity securities 0 0
Alternative Investment 238 6,287
Total investments, at fair value 238 6,287
Total assets, at fair value 238 6,287
Liabilities, at fair value    
Contingent consideration 0  
Total liabilities, at fair value 0 0
Ares Management L.P | Investments Measured at NAV | Derivatives-foreign currency forward contracts    
Investments:    
Derivatives-foreign currency forward contracts 0 0
Liabilities, at fair value    
Derivative liabilities 0 0
Ares Management L.P | Investments Measured at NAV | Collateralized loan obligations and fixed income securities    
Investments:    
Collateralized loan obligations and fixed income securities $ 0 $ 0