Condensed Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Assets
Intangible assets, net	$ 902,665	$ 408,028
Goodwill	3,436,192	1,162,636
Total assets	27,264,941	24,884,308
Liabilities
Operating lease liabilities	686,745
Total liabilities	18,425,558	17,485,922
Commitments and contingencies (Note 8)
Stockholders’ Equity
Additional paid-in-capital	4,088,061	2,936,794
Accumulated deficit	(1,221,611)	(837,294)
Accumulated other comprehensive income (loss), net of tax	32,196	(17,757)
Total stockholders’ equity	4,361,831	3,543,646
Total equity	8,257,198	6,824,190
Total liabilities, redeemable interest, non-controlling interests and equity	27,264,941	24,884,308
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 June 30, 2025 and December 31, 2024)	1,459,918	1,458,771
Class A Common Stock
Stockholders’ Equity
Common stock	2,159	1,999
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	1,073	1,098
Consolidated Entity, Excluding VIE, Including Parent
Assets
Total assets	27,264,941	24,884,308
Liabilities
Total liabilities	18,425,558	17,485,922
Ares Management L.P
Assets
Cash and cash equivalents	509,656	1,507,976
Investments (includes accrued carried interest of $3,703,243 and $3,495,115 as of June 30, 2025 and December 31, 2024, respectively)	5,122,676	4,644,775
Due from affiliates	1,134,516	1,056,608
Other assets	914,061	774,654
Right-of-use operating lease assets	540,463	511,319
Intangible assets, net	2,220,065	975,828
Goodwill	3,436,192	1,162,636
Liabilities
Accounts payable, accrued expenses and other liabilities	875,754	363,872
Accrued compensation	438,196	280,894
Due to affiliates	587,400	500,480
Performance related compensation payable	2,669,386	2,537,203
Debt obligations	3,675,154	2,558,914
Operating lease liabilities	686,745	641,864
Redeemable interest	24,135	23,496
Non-controlling interests in Ares Operating Group entities	1,567,802	1,254,878
Stockholders’ Equity
Additional paid-in-capital	4,088,061	2,936,794
Accumulated deficit	(1,221,611)	(837,294)
Accumulated other comprehensive income (loss), net of tax	32,196	(17,757)
Total stockholders’ equity	4,361,831	3,543,646
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 June 30, 2025 and December 31, 2024)	1,459,918	1,458,771
Ares Management L.P | Class A Common Stock
Stockholders’ Equity
Common stock	2,159	1,999
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	1,073	1,098
Consolidated Funds
Assets
Cash and cash equivalents	1,022,249	1,227,489
Other assets	58,134	82,397
Investments held in trust account	558,150	550,800
Investments, at fair value	11,557,348	12,187,044
Receivable for securities sold	191,431	202,782
Liabilities
Accounts payable, accrued expenses and other liabilities	139,680	323,100
Due to affiliates	0	0
Payable for securities purchased	244,012	332,406
CLO loan obligations, at fair value	8,442,225	9,672,189
Fund borrowings	667,006	275,000
Redeemable interest	558,050	550,700
Non-controlling interests in Ares Operating Group entities	$ 2,327,565	$ 2,025,666