v3.26.1
SEGMENT REPORTING - Schedule of Financial Results for Company's Operating Segments and OMG (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Segment reporting    
Total revenues $ 1,396,436 $ 1,088,805
Compensation and benefits (692,407) (657,125)
General, administrative and other expenses (240,437) (227,914)
Management fees    
Segment reporting    
Total revenues 989,527 816,987
Total    
Segment reporting    
Compensation and benefits (448,647) (377,182)
General, administrative and other expenses (182,043) (140,139)
Fee related earnings 464,404 367,276
Performance income—realized 213,548 125,448
Performance related compensation—realized (138,212) (84,416)
Realized net performance income 75,336 41,032
Investment income (loss)—realized 11,780 11,695
Interest income 1,976 22,308
Interest expense (50,760) (36,387)
Realized net investment income (loss) (37,004) (2,384)
Realized income 502,736 405,924
Total | Management fees    
Segment reporting    
Total revenues 1,001,571 818,376
Total | Fee related performance revenues    
Segment reporting    
Total revenues 19,556 28,051
Total | Other fees    
Segment reporting    
Total revenues 73,967 38,170
Operating segment    
Segment reporting    
Fee related earnings (685,306) (542,233)
Performance income—realized 213,548 125,448
Performance related compensation—realized (138,212) (84,416)
Realized income (722,964) (580,203)
OMG    
Segment reporting    
Compensation and benefits (150,072) (116,468)
General, administrative and other expenses (80,611) (64,026)
Fee related earnings (220,902) (174,957)
Performance income—realized 0 0
Performance related compensation—realized 0 0
Realized net performance income 0 0
Investment income (loss)—realized (131) 331
Interest income 941 603
Interest expense (136) (256)
Realized net investment income (loss) 674 678
Realized income (220,228) (174,279)
OMG | Management fees    
Segment reporting    
Total revenues 0 0
OMG | Fee related performance revenues    
Segment reporting    
Total revenues 0 0
OMG | Other fees    
Segment reporting    
Total revenues 9,781 5,537
Ares Management L.P    
Segment reporting    
Total revenues 1,396,436 1,088,805
Ares Management L.P | Operating segment    
Segment reporting    
Compensation and benefits (298,575) (260,714)
General, administrative and other expenses (101,432) (76,113)
Fee related earnings 685,306 542,233
Performance income—realized 213,548 125,448
Performance related compensation—realized (138,212) (84,416)
Realized net performance income 75,336 41,032
Investment income (loss)—realized 11,911 11,364
Interest income 1,035 21,705
Interest expense (50,624) (36,131)
Realized net investment income (loss) (37,678) (3,062)
Realized income 722,964 580,203
Ares Management L.P | Operating segment | Credit Group    
Segment reporting    
Compensation and benefits (176,237) (164,747)
General, administrative and other expenses (51,345) (41,048)
Fee related earnings 477,436 408,594
Performance income—realized 166,228 54,112
Performance related compensation—realized (102,249) (34,258)
Realized net performance income 63,979 19,854
Investment income (loss)—realized 4,024 5,379
Interest income 832 4,420
Interest expense (3,355) (6,308)
Realized net investment income (loss) 1,501 3,491
Realized income 542,916 431,939
Ares Management L.P | Operating segment | Real Assets Group    
Segment reporting    
Compensation and benefits (80,091) (56,702)
General, administrative and other expenses (33,919) (20,852)
Fee related earnings 131,969 74,279
Performance income—realized 11,663 65,305
Performance related compensation—realized (7,400) (46,807)
Realized net performance income 4,263 18,498
Investment income (loss)—realized 5,446 7,919
Interest income 184 2,618
Interest expense (31,089) (15,717)
Realized net investment income (loss) (25,459) (5,180)
Realized income 110,773 87,597
Ares Management L.P | Operating segment | Secondaries Group    
Segment reporting    
Compensation and benefits (20,499) (18,371)
General, administrative and other expenses (8,627) (8,473)
Fee related earnings 54,633 40,584
Performance income—realized 0 0
Performance related compensation—realized 0 0
Realized net performance income 0 0
Investment income (loss)—realized 169 138
Interest income 19 957
Interest expense (1,623) (2,008)
Realized net investment income (loss) (1,435) (913)
Realized income 53,198 39,671
Ares Management L.P | Operating segment | Private Equity Group    
Segment reporting    
Compensation and benefits (13,784) (13,831)
General, administrative and other expenses (4,978) (4,257)
Fee related earnings 14,857 14,307
Performance income—realized 35,657 6,031
Performance related compensation—realized (28,563) (3,351)
Realized net performance income 7,094 2,680
Investment income (loss)—realized 78 (4,602)
Interest income 0 2,022
Interest expense (3,416) (4,180)
Realized net investment income (loss) (3,338) (6,760)
Realized income 18,613 10,227
Ares Management L.P | Operating segment | Other    
Segment reporting    
Compensation and benefits (7,964) (7,063)
General, administrative and other expenses (2,563) (1,483)
Fee related earnings 6,411 4,469
Performance income—realized 0 0
Performance related compensation—realized 0 0
Realized net performance income 0 0
Investment income (loss)—realized 2,194 2,530
Interest income 0 11,688
Interest expense (11,141) (7,918)
Realized net investment income (loss) (8,947) 6,300
Realized income (2,536) 10,769
Ares Management L.P | Operating segment | Management fees    
Segment reporting    
Total revenues 1,001,571 818,376
Ares Management L.P | Operating segment | Management fees | Credit Group    
Segment reporting    
Total revenues 684,663 585,396
Ares Management L.P | Operating segment | Management fees | Real Assets Group    
Segment reporting    
Total revenues 196,626 130,453
Ares Management L.P | Operating segment | Management fees | Secondaries Group    
Segment reporting    
Total revenues 70,275 57,650
Ares Management L.P | Operating segment | Management fees | Private Equity Group    
Segment reporting    
Total revenues 33,119 31,998
Ares Management L.P | Operating segment | Management fees | Other    
Segment reporting    
Total revenues 16,888 12,879
Ares Management L.P | Operating segment | Fee related performance revenues    
Segment reporting    
Total revenues 19,556 28,051
Ares Management L.P | Operating segment | Fee related performance revenues | Credit Group    
Segment reporting    
Total revenues 5,256 18,395
Ares Management L.P | Operating segment | Fee related performance revenues | Real Assets Group    
Segment reporting    
Total revenues 2,601 0
Ares Management L.P | Operating segment | Fee related performance revenues | Secondaries Group    
Segment reporting    
Total revenues 11,699 9,656
Ares Management L.P | Operating segment | Fee related performance revenues | Private Equity Group    
Segment reporting    
Total revenues 0 0
Ares Management L.P | Operating segment | Fee related performance revenues | Other    
Segment reporting    
Total revenues 0 0
Ares Management L.P | Operating segment | Other fees    
Segment reporting    
Total revenues 64,186 32,633
Ares Management L.P | Operating segment | Other fees | Credit Group    
Segment reporting    
Total revenues 15,099 10,598
Ares Management L.P | Operating segment | Other fees | Real Assets Group    
Segment reporting    
Total revenues 46,752 21,380
Ares Management L.P | Operating segment | Other fees | Secondaries Group    
Segment reporting    
Total revenues 1,785 122
Ares Management L.P | Operating segment | Other fees | Private Equity Group    
Segment reporting    
Total revenues 500 397
Ares Management L.P | Operating segment | Other fees | Other    
Segment reporting    
Total revenues $ 50 $ 136