v3.26.1
SEGMENT REPORTING - Schedule of Segment Revenue Reconciliation (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Segment reporting        
Total revenues $ 1,428,610 $ 1,350,128 $ 2,825,046 $ 2,438,933
Total segment revenue 1,293,657 1,040,823 2,592,518 2,045,331
Consolidated Funds         
Segment reporting        
OMG revenue 176,396 127,752 310,412 216,158
Management fees        
Segment reporting        
Total revenues 1,017,563 900,622 2,007,090 1,717,609
Carried interest        
Segment reporting        
Total revenues 249,914 323,901 396,545 483,909
Administrative, transaction and other fees        
Segment reporting        
Total revenues 116,092 91,563 213,959 149,327
Principal investment income        
Segment reporting        
Total revenues 2,288 10,963 2,765 32,961
Operating segment        
Segment reporting        
Net (revenue) expense of non-controlling interests in consolidated subsidiaries 728,466 605,102 1,413,772 1,147,335
Eliminations | Management fees | Consolidated Funds         
Segment reporting        
Total segment revenue 21,614 8,954 43,127 18,848
Eliminations | Carried interest | Consolidated Funds         
Segment reporting        
Total revenues 13,060 7,096 29,178 12,224
Reconciling items        
Segment reporting        
Total segment revenue (134,953) (309,305) (232,528) (393,602)
Principal investment income, net of eliminations (18,442) (91,377) (47,454) (118,216)
Reconciling items | Administrative, transaction and other fees        
Segment reporting        
Total revenues (26,562) (22,027) (50,597) (41,755)
Reconciling items | Administrative, transaction and other fees | Consolidated Funds         
Segment reporting        
Total revenues 2,378 6,555 2,461 6,679
Reconciling items | Principal investment income        
Segment reporting        
Principal investment income, net of eliminations (2,288) (10,963) (2,765) (32,961)
OMG        
Segment reporting        
OMG revenue (9,180) (7,831) (18,960) (13,368)
Net (revenue) expense of non-controlling interests in consolidated subsidiaries 237,411 195,991 458,313 370,948
OMG | Management fees        
Segment reporting        
Total revenues 0 0 0 0
Ares Management L.P        
Segment reporting        
Total revenues 1,428,610 1,350,128 2,825,046 2,438,933
Ares Management L.P | Operating segment        
Segment reporting        
Performance income—unrealized (124,837) (300,592) (216,872) (365,035)
Total segment revenue 1,293,657 1,040,823 2,592,518 2,045,331
Net (revenue) expense of non-controlling interests in consolidated subsidiaries (728,466) (605,102) (1,413,772) (1,147,335)
Ares Management L.P | Operating segment | Management fees        
Segment reporting        
Total revenues 1,030,016 900,285 2,031,587 1,718,661
Subsidiaries | Reconciling items        
Segment reporting        
Net (revenue) expense of non-controlling interests in consolidated subsidiaries $ (9,138) $ 9,503 $ (18,100) $ 21,766