v3.26.1
FAIR VALUE - Schedule of Assets and Liabilities Measured at Fair Value (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Consolidated Funds     
Investments:    
Common stock and other equity securities - carried interest $ 3,683,146 $ 3,265,720
Collateralized loan obligations and fixed income securities 4,886,108 5,788,110
Partnership interests 4,139,766 3,791,056
Total investments, at fair value 12,709,020 12,844,886
Derivatives:    
Total assets, at fair value 12,709,085 12,849,775
Liabilities, at fair value    
Loan obligations of CLOs (6,798,810) (7,359,072)
Total liabilities, at fair value (6,798,810) (7,364,028)
Consolidated Funds  | Derivatives-foreign currency forward contracts    
Derivatives:    
Derivatives   4,889
Liabilities, at fair value    
Derivatives-foreign currency forward contracts, asset swaps   (4,842)
Consolidated Funds  | Derivatives-asset swaps    
Derivatives:    
Derivatives 65  
Liabilities, at fair value    
Derivatives-foreign currency forward contracts, asset swaps   (114)
Loans and securitization vehicles | Consolidated Funds     
Investments:    
Collateralized loan obligations and fixed income securities 4,636,142 5,507,199
Bonds | Consolidated Funds     
Investments:    
Collateralized loan obligations and fixed income securities 249,966 280,911
Level I  | Consolidated Funds     
Investments:    
Common stock and other equity securities - carried interest 0 0
Collateralized loan obligations and fixed income securities 0 0
Total investments, at fair value 0 0
Derivatives:    
Total assets, at fair value 0 0
Liabilities, at fair value    
Loan obligations of CLOs 0 0
Total liabilities, at fair value 0 0
Level I  | Consolidated Funds  | Derivatives-foreign currency forward contracts    
Derivatives:    
Derivatives   0
Liabilities, at fair value    
Derivatives-foreign currency forward contracts, asset swaps   0
Level I  | Consolidated Funds  | Derivatives-asset swaps    
Derivatives:    
Derivatives 0  
Liabilities, at fair value    
Derivatives-foreign currency forward contracts, asset swaps   0
Level I  | Loans and securitization vehicles | Consolidated Funds     
Investments:    
Collateralized loan obligations and fixed income securities 0 0
Level I  | Bonds | Consolidated Funds     
Investments:    
Collateralized loan obligations and fixed income securities 0 0
Level II  | Consolidated Funds     
Investments:    
Common stock and other equity securities - carried interest 268,332 262,271
Collateralized loan obligations and fixed income securities 4,619,939 5,154,595
Total investments, at fair value 4,888,271 5,416,866
Derivatives:    
Total assets, at fair value 4,888,271 5,421,755
Liabilities, at fair value    
Loan obligations of CLOs (6,798,810) (7,359,072)
Total liabilities, at fair value (6,798,810) (7,363,914)
Level II  | Consolidated Funds  | Derivatives-foreign currency forward contracts    
Derivatives:    
Derivatives   4,889
Liabilities, at fair value    
Derivatives-foreign currency forward contracts, asset swaps   (4,842)
Level II  | Consolidated Funds  | Derivatives-asset swaps    
Derivatives:    
Derivatives 0  
Liabilities, at fair value    
Derivatives-foreign currency forward contracts, asset swaps   0
Level II  | Loans and securitization vehicles | Consolidated Funds     
Investments:    
Collateralized loan obligations and fixed income securities 4,374,056 4,873,684
Level II  | Bonds | Consolidated Funds     
Investments:    
Collateralized loan obligations and fixed income securities 245,883 280,911
Level III  | Consolidated Funds     
Investments:    
Common stock and other equity securities - carried interest 3,414,814 3,003,449
Collateralized loan obligations and fixed income securities 266,169 633,515
Total investments, at fair value 3,680,983 3,636,964
Derivatives:    
Total assets, at fair value 3,681,048 3,636,964
Liabilities, at fair value    
Loan obligations of CLOs 0 0
Total liabilities, at fair value 0 (114)
Level III  | Consolidated Funds  | Derivatives-foreign currency forward contracts    
Derivatives:    
Derivatives   0
Liabilities, at fair value    
Derivatives-foreign currency forward contracts, asset swaps   0
Level III  | Consolidated Funds  | Derivatives-asset swaps    
Derivatives:    
Derivatives 65  
Liabilities, at fair value    
Derivatives-foreign currency forward contracts, asset swaps   (114)
Level III  | Loans and securitization vehicles | Consolidated Funds     
Investments:    
Collateralized loan obligations and fixed income securities 262,086 633,515
Level III  | Bonds | Consolidated Funds     
Investments:    
Collateralized loan obligations and fixed income securities 4,083 0
Investments Measured at NAV | Consolidated Funds     
Investments:    
Partnership interests 4,139,766 3,791,056
Total investments, at fair value 4,139,766 3,791,056
Derivatives:    
Total assets, at fair value 4,139,766 3,791,056
Ares Management L.P    
Investments:    
Common stock, other equity securities and equity method investments 887,293 923,552
Total investments, at fair value 974,106 1,066,084
Derivatives:    
Total assets, at fair value 997,170 1,084,314
Liabilities, at fair value    
Contingent consideration (780,353) (765,370)
Total liabilities, at fair value (781,114) (767,997)
Ares Management L.P | Derivatives-foreign currency forward contracts    
Derivatives:    
Derivatives 23,064 18,230
Liabilities, at fair value    
Derivatives-foreign currency forward contracts, asset swaps (761) (2,627)
Ares Management L.P | Common stock and other equity securities - carried interest    
Investments:    
Common stock and other equity securities - carried interest 64,000 118,063
Ares Management L.P | Collateralized loan obligations and fixed income securities    
Investments:    
Collateralized loan obligations and fixed income securities 22,813 24,469
Ares Management L.P | Level I     
Investments:    
Common stock, other equity securities and equity method investments 118,591 152,163
Total investments, at fair value 161,966 220,413
Derivatives:    
Total assets, at fair value 161,966 220,413
Liabilities, at fair value    
Contingent consideration 0 0
Total liabilities, at fair value 0 0
Ares Management L.P | Level I  | Derivatives-foreign currency forward contracts    
Derivatives:    
Derivatives 0 0
Liabilities, at fair value    
Derivatives-foreign currency forward contracts, asset swaps 0 0
Ares Management L.P | Level I  | Common stock and other equity securities - carried interest    
Investments:    
Common stock and other equity securities - carried interest 43,375 68,250
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     
Investments:    
Common stock, other equity securities and equity method investments 97,180 95,612
Total investments, at fair value 97,180 95,612
Derivatives:    
Total assets, at fair value 120,244 113,842
Liabilities, at fair value    
Contingent consideration 0 0
Total liabilities, at fair value (761) (2,627)
Ares Management L.P | Level II  | Derivatives-foreign currency forward contracts    
Derivatives:    
Derivatives 23,064 18,230
Liabilities, at fair value    
Derivatives-foreign currency forward contracts, asset swaps (761) (2,627)
Ares Management L.P | Level II  | Common stock and other equity securities - carried interest    
Investments:    
Common stock and other equity securities - carried interest 0 0
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     
Investments:    
Common stock, other equity securities and equity method investments 671,522 675,777
Total investments, at fair value 714,960 750,059
Derivatives:    
Total assets, at fair value 714,960 750,059
Liabilities, at fair value    
Contingent consideration (780,353) (765,370)
Total liabilities, at fair value (780,353) (765,370)
Ares Management L.P | Level III  | Derivatives-foreign currency forward contracts    
Derivatives:    
Derivatives 0 0
Liabilities, at fair value    
Derivatives-foreign currency forward contracts, asset swaps 0 0
Ares Management L.P | Level III  | Common stock and other equity securities - carried interest    
Investments:    
Common stock and other equity securities - carried interest 20,625 49,813
Ares Management L.P | Level III  | Collateralized loan obligations and fixed income securities    
Investments:    
Collateralized loan obligations and fixed income securities $ 22,813 $ 24,469