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FAIR VALUE - Schedule of Quantitative Inputs and Assumptions used for Level III Inputs (Details)
$ in Thousands
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Consolidated Funds     
Assets    
Equity securities $ 1,861,146 $ 1,240,653
Fixed income investments 8,876,318 11,718,445
Total assets, at fair value 12,740,839 14,610,713
Liabilities    
Derivative instruments (4,734) (10,782)
Total liabilities, at fair value (9,676,923) (12,356,439)
Consolidated Funds  | Level III     
Assets    
Equity securities 1,829,928 1,190,400
Fixed income investments 593,817 740,113
Total assets, at fair value 2,423,745 1,930,513
Liabilities    
Derivative instruments (1,846) (1,291)
Total liabilities, at fair value (1,846) (1,291)
Consolidated Funds  | Level III  | Market approach    
Assets    
Fixed income investments 284,950  
Consolidated Funds  | Level III  | Market approach | Equity Securities One    
Assets    
Equity securities 835,432 537,733
Consolidated Funds  | Level III  | Market approach | Equity Securities Two    
Assets    
Equity securities $ 8,598 3,909
Consolidated Funds  | Level III  | Market approach | Fixed Income Investments One    
Assets    
Fixed income investments   188,322
Consolidated Funds  | Level III  | Market approach | Fixed Income Investments Two    
Assets    
Fixed income investments   $ 2,974
Consolidated Funds  | Level III  | Market approach | Yield | Minimum    
Significant Unobservable Input(s)    
Fixed income investments 0.074  
Consolidated Funds  | Level III  | Market approach | Yield | Minimum | Fixed Income Investments One    
Significant Unobservable Input(s)    
Fixed income investments   0.083
Consolidated Funds  | Level III  | Market approach | Yield | Maximum    
Significant Unobservable Input(s)    
Fixed income investments 0.286  
Consolidated Funds  | Level III  | Market approach | Yield | Maximum | Fixed Income Investments One    
Significant Unobservable Input(s)    
Fixed income investments   0.241
Consolidated Funds  | Level III  | Market approach | Yield | Weighted Average    
Significant Unobservable Input(s)    
Fixed income investments 0.099  
Consolidated Funds  | Level III  | Market approach | Yield | Weighted Average | Fixed Income Investments One    
Significant Unobservable Input(s)    
Fixed income investments   0.122
Consolidated Funds  | Level III  | Market approach | Multiple of book value | Minimum | Equity Securities One    
Significant Unobservable Input(s)    
Equity securities 1.0 1.0
Consolidated Funds  | Level III  | Market approach | Multiple of book value | Maximum | Equity Securities One    
Significant Unobservable Input(s)    
Equity securities 1.7 1.7
Consolidated Funds  | Level III  | Market approach | Multiple of book value | Weighted Average | Equity Securities One    
Significant Unobservable Input(s)    
Equity securities 1.4 1.3
Consolidated Funds  | Level III  | Market approach | EBITDA multiple | Minimum | Equity Securities Two    
Significant Unobservable Input(s)    
Equity securities 5.6 4.5
Consolidated Funds  | Level III  | Market approach | EBITDA multiple | Minimum | Fixed Income Investments Two    
Significant Unobservable Input(s)    
Fixed income investments   4.5
Consolidated Funds  | Level III  | Market approach | EBITDA multiple | Maximum | Equity Securities Two    
Significant Unobservable Input(s)    
Equity securities 34.6 32.4
Consolidated Funds  | Level III  | Market approach | EBITDA multiple | Maximum | Fixed Income Investments Two    
Significant Unobservable Input(s)    
Fixed income investments   32.4
Consolidated Funds  | Level III  | Market approach | EBITDA multiple | Weighted Average | Equity Securities Two    
Significant Unobservable Input(s)    
Equity securities 10.7 8.9
Consolidated Funds  | Level III  | Market approach | EBITDA multiple | Weighted Average | Fixed Income Investments Two    
Significant Unobservable Input(s)    
Fixed income investments   9.0
Consolidated Funds  | Level III  | Other    
Assets    
Equity securities $ 789 $ 177
Fixed income investments 192 449
Consolidated Funds  | Level III  | Discounted cash flow    
Assets    
Equity securities $ 985,109 648,581
Fixed income investments   $ 104
Consolidated Funds  | Level III  | Discounted cash flow | Discount rate    
Significant Unobservable Input(s)    
Fixed income investments   0.123
Consolidated Funds  | Level III  | Discounted cash flow | Discount rate | Minimum    
Significant Unobservable Input(s)    
Equity securities 0.100 0.100
Consolidated Funds  | Level III  | Discounted cash flow | Discount rate | Maximum    
Significant Unobservable Input(s)    
Equity securities 0.200 0.160
Consolidated Funds  | Level III  | Discounted cash flow | Discount rate | Weighted Average    
Significant Unobservable Input(s)    
Equity securities 0.130 13
Fixed income investments   0.123
Consolidated Funds  | Level III  | Broker quotes and/or 3rd party pricing services    
Assets    
Fixed income investments $ 308,675 $ 548,264
Liabilities    
Derivative instruments (1,846) (1,291)
Ares Management L.P    
Assets    
Equity securities 515,216 499,063
Total assets, at fair value 1,632,095 632,773
Liabilities    
Contingent consideration 17,550  
Total liabilities, at fair value (17,766) (2,645)
Ares Management L.P | Level III     
Assets    
Equity securities 411,179 412,491
Total assets, at fair value 453,012 538,785
Liabilities    
Contingent consideration 17,550  
Total liabilities, at fair value $ (17,550) 0
Ares Management L.P | Level III  | Volatility | Minimum    
Significant Unobservable Input(s)    
Contingent consideration 0.111  
Ares Management L.P | Level III  | Volatility | Weighted Average    
Significant Unobservable Input(s)    
Contingent consideration 0.111  
Ares Management L.P | Level III  | Transaction Price    
Assets    
Equity securities $ 168,387 131,864
Fixed income investments 22,283 83,000
Ares Management L.P | Level III  | Market approach    
Assets    
Equity securities 100,000  
Ares Management L.P | Level III  | Market approach | Equity Securities One    
Assets    
Equity securities 57,659 118,846
Ares Management L.P | Level III  | Market approach | Equity Securities Two    
Assets    
Equity securities 56,918 $ 6,447
Ares Management L.P | Level III  | Market approach | Equity Securities Three    
Assets    
Equity securities $ 8,489  
Ares Management L.P | Level III  | Market approach | Yield | Minimum    
Significant Unobservable Input(s)    
Equity securities 0.080  
Ares Management L.P | Level III  | Market approach | Yield | Weighted Average    
Significant Unobservable Input(s)    
Equity securities 0.080  
Ares Management L.P | Level III  | Market approach | Multiple of book value | Minimum | Equity Securities One    
Significant Unobservable Input(s)    
Equity securities 1.0 1.3
Ares Management L.P | Level III  | Market approach | Multiple of book value | Minimum | Equity Securities Two    
Significant Unobservable Input(s)    
Equity securities 1.2  
Ares Management L.P | Level III  | Market approach | Multiple of book value | Maximum | Equity Securities One    
Significant Unobservable Input(s)    
Equity securities 1.1 1.6
Ares Management L.P | Level III  | Market approach | Multiple of book value | Maximum | Equity Securities Two    
Significant Unobservable Input(s)    
Equity securities 1.7  
Ares Management L.P | Level III  | Market approach | Multiple of book value | Weighted Average | Equity Securities One    
Significant Unobservable Input(s)    
Equity securities 1.0 1.5
Ares Management L.P | Level III  | Market approach | Multiple of book value | Weighted Average | Equity Securities Two    
Significant Unobservable Input(s)    
Equity securities 1.4  
Ares Management L.P | Level III  | Market approach | Earnings multiple | Equity Securities Two    
Significant Unobservable Input(s)    
Equity securities   15.4
Ares Management L.P | Level III  | Market approach | Earnings multiple | Equity Securities Three    
Significant Unobservable Input(s)    
Equity securities 15.4  
Ares Management L.P | Level III  | Market approach | Earnings multiple | Weighted Average | Equity Securities Two    
Significant Unobservable Input(s)    
Equity securities   15.4
Ares Management L.P | Level III  | Market approach | Earnings multiple | Weighted Average | Equity Securities Three    
Significant Unobservable Input(s)    
Equity securities 15.4  
Ares Management L.P | Level III  | Other    
Assets    
Equity securities   $ 874
Fixed income investments $ 510 22,495
Ares Management L.P | Level III  | Option pricing model    
Assets    
Equity securities $ 19,205  
Ares Management L.P | Level III  | Option pricing model | Volatility    
Significant Unobservable Input(s)    
Equity securities 0.350  
Ares Management L.P | Level III  | Option pricing model | Volatility | Weighted Average    
Significant Unobservable Input(s)    
Equity securities 0.350  
Ares Management L.P | Level III  | Discounted cash flow    
Assets    
Equity securities   $ 154,460
Ares Management L.P | Level III  | Discounted cash flow | Equity Securities Two    
Assets    
Equity securities $ 521  
Ares Management L.P | Level III  | Discounted cash flow | Discount rate | Minimum    
Significant Unobservable Input(s)    
Equity securities   20
Ares Management L.P | Level III  | Discounted cash flow | Discount rate | Minimum | Equity Securities One    
Significant Unobservable Input(s)    
Equity securities 0.100  
Ares Management L.P | Level III  | Discounted cash flow | Discount rate | Minimum | Equity Securities Two    
Significant Unobservable Input(s)    
Equity securities 0.185  
Ares Management L.P | Level III  | Discounted cash flow | Discount rate | Maximum    
Significant Unobservable Input(s)    
Equity securities   0.300
Ares Management L.P | Level III  | Discounted cash flow | Discount rate | Maximum | Equity Securities One    
Significant Unobservable Input(s)    
Equity securities 0.140  
Ares Management L.P | Level III  | Discounted cash flow | Discount rate | Maximum | Equity Securities Two    
Significant Unobservable Input(s)    
Equity securities 0.215  
Ares Management L.P | Level III  | Discounted cash flow | Discount rate | Weighted Average    
Significant Unobservable Input(s)    
Equity securities   25
Ares Management L.P | Level III  | Discounted cash flow | Discount rate | Weighted Average | Equity Securities One    
Significant Unobservable Input(s)    
Equity securities 0.120  
Ares Management L.P | Level III  | Discounted cash flow | Discount rate | Weighted Average | Equity Securities Two    
Significant Unobservable Input(s)    
Equity securities 0.200  
Ares Management L.P | Level III  | Broker quotes and/or 3rd party pricing services    
Assets    
Fixed income investments $ 19,040 $ 20,799
Ares Management L.P | Level III  | Monte Carlo simulation    
Liabilities    
Contingent consideration $ 17,550  
Ares Management L.P | Level III  | Monte Carlo simulation | Discount rate | Minimum    
Significant Unobservable Input(s)    
Contingent consideration 0.066  
Ares Management L.P | Level III  | Monte Carlo simulation | Discount rate | Maximum    
Significant Unobservable Input(s)    
Contingent consideration 0.069  
Ares Management L.P | Level III  | Monte Carlo simulation | Discount rate | Weighted Average    
Significant Unobservable Input(s)    
Contingent consideration 0.068