v3.26.1
FAIR VALUE - Schedule of Assets and Liabilities Measured at Fair Value (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Consolidated Funds     
Investments:    
Common stock and other equity securities - carried interest $ 4,209,805 $ 3,265,720
Collateralized loan obligations and fixed income securities 4,539,689 5,788,110
Partnership interests 4,643,853 3,791,056
Total investments, at fair value 13,393,347 12,844,886
Derivatives:    
Total assets, at fair value 13,393,347 12,849,775
Liabilities, at fair value    
Loan obligations of CLOs (6,951,657) (7,359,072)
Total liabilities, at fair value (6,951,657) (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    
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 4,300,046 5,507,199
Bonds | Consolidated Funds     
Investments:    
Collateralized loan obligations and fixed income securities 239,643 280,911
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    
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 533,562 262,271
Collateralized loan obligations and fixed income securities 4,375,856 5,154,595
Total investments, at fair value 4,909,418 5,416,866
Derivatives:    
Total assets, at fair value 4,909,418 5,421,755
Liabilities, at fair value    
Loan obligations of CLOs (6,951,657) (7,359,072)
Total liabilities, at fair value (6,951,657) (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    
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 4,136,213 4,873,684
Level II  | Bonds | Consolidated Funds     
Investments:    
Collateralized loan obligations and fixed income securities 239,643 280,911
Level III  | Consolidated Funds     
Investments:    
Common stock and other equity securities - carried interest 3,676,243 3,003,449
Collateralized loan obligations and fixed income securities 163,833 633,515
Total investments, at fair value 3,840,076 3,636,964
Derivatives:    
Total assets, at fair value 3,840,076 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    
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 163,833 633,515
Level III  | Bonds | Consolidated Funds     
Investments:    
Collateralized loan obligations and fixed income securities 0 0
Investments Measured at NAV | Consolidated Funds     
Investments:    
Partnership interests 4,643,853 3,791,056
Total investments, at fair value 4,643,853 3,791,056
Derivatives:    
Total assets, at fair value 4,643,853 3,791,056
Ares Management L.P    
Investments:    
Common stock, other equity securities and equity method investments 909,429 923,552
Total investments, at fair value 970,125 1,066,084
Derivatives:    
Total assets, at fair value 975,075 1,084,314
Liabilities, at fair value    
Contingent consideration (793,790) (765,370)
Total liabilities, at fair value (794,236) (767,997)
Ares Management L.P | Derivatives-foreign currency forward contracts    
Derivatives:    
Derivatives 4,950 18,230
Liabilities, at fair value    
Derivatives-foreign currency forward contracts, asset swaps (446) (2,627)
Ares Management L.P | Common stock and other equity securities - carried interest    
Investments:    
Common stock and other equity securities - carried interest 43,125 118,063
Ares Management L.P | Collateralized loan obligations and fixed income securities    
Investments:    
Collateralized loan obligations and fixed income securities 17,571 24,469
Ares Management L.P | Level I     
Investments:    
Common stock, other equity securities and equity method investments 613,269 152,163
Total investments, at fair value 645,019 220,413
Derivatives:    
Total assets, at fair value 645,019 220,413
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 31,750 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 46,275 95,612
Total investments, at fair value 46,275 95,612
Derivatives:    
Total assets, at fair value 51,225 113,842
Liabilities, at fair value    
Contingent consideration 0 0
Total liabilities, at fair value (446) (2,627)
Ares Management L.P | Level II  | Derivatives-foreign currency forward contracts    
Derivatives:    
Derivatives 4,950 18,230
Liabilities, at fair value    
Derivatives-foreign currency forward contracts, asset swaps (446) (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 249,885 675,777
Total investments, at fair value 278,831 750,059
Derivatives:    
Total assets, at fair value 278,831 750,059
Liabilities, at fair value    
Contingent consideration (793,790) (765,370)
Total liabilities, at fair value (793,790) (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 11,375 49,813
Ares Management L.P | Level III  | Collateralized loan obligations and fixed income securities    
Investments:    
Collateralized loan obligations and fixed income securities $ 17,571 $ 24,469