v3.26.1
CONSOLIDATION - Schedule of Consolidating Effects of the Consolidated Funds on the Company's Financial Condition (Details) - USD ($)
$ / shares in Units, $ in Thousands
Jun. 30, 2026
Mar. 31, 2026
Dec. 31, 2025
Sep. 30, 2025
Jun. 30, 2025
Mar. 31, 2025
Dec. 31, 2024
Assets              
Intangible assets, net $ 730,777   $ 798,430        
Goodwill 3,464,289   3,454,107        
Total assets 29,631,399   28,633,369        
Liabilities              
Operating lease liabilities 812,596            
Total liabilities 21,003,486   19,931,981        
Commitments and contingencies          
Stockholders’ Equity              
Additional paid-in-capital 4,346,419   4,242,678        
Accumulated deficit (1,854,800)   (1,452,259)        
Accumulated other comprehensive income, net of tax 13,122   21,743        
Total stockholders’ equity 3,968,073   4,275,463        
Total equity 8,602,265 $ 8,359,400 8,676,092 $ 8,606,280 $ 8,257,198 $ 8,211,839 $ 6,824,190
Total liabilities, redeemable interest, non-controlling interests and equity 29,631,399   28,633,369        
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) $ 1,460,030   $ 1,460,030        
Preferred stock, par value (in dollars per share) $ 0.01   $ 0.01        
Preferred stock, shares issued (in shares) 30,000,000   30,000,000        
Preferred stock, shares authorized (in shares) 1,000,000,000   1,000,000,000        
Preferred stock, shares outstanding (in shares) 30,000,000   30,000,000        
Class A Common Stock              
Stockholders’ Equity              
Common stock $ 2,239   $ 2,185        
Common stock, par value (in dollars per share) $ 0.01   $ 0.01        
Common stock, shares authorized (in shares) 1,500,000,000   1,500,000,000        
Common stock, shares issued (in shares) 223,882,317   218,465,429        
Common stock, shares outstanding (in shares) 223,882,317   218,465,429        
Non-voting Common Stock              
Stockholders’ Equity              
Common stock $ 35   $ 35        
Common stock, par value (in dollars per share) $ 0.01   $ 0.01        
Common stock, shares authorized (in shares) 500,000,000   500,000,000        
Common stock, shares issued (in shares) 3,489,911   3,489,911        
Common stock, shares outstanding (in shares) 3,489,911   3,489,911        
Class B Common Stock              
Stockholders’ Equity              
Common stock $ 0   $ 0        
Common stock, par value (in dollars per share) $ 0.01   $ 0.01        
Common stock, shares authorized (in shares) 1,000   1,000        
Common stock, shares issued (in shares) 1,000   1,000        
Common stock, shares outstanding (in shares) 1,000   1,000        
Class C Common Stock              
Stockholders’ Equity              
Common stock $ 1,028   $ 1,051        
Common stock, par value (in dollars per share) $ 0.01   $ 0.01        
Common stock, shares authorized (in shares) 499,999,000   499,999,000        
Common stock, shares issued (in shares) 102,828,576   105,079,121        
Common stock, shares outstanding (in shares) 102,828,576   105,079,121        
Eliminations               
Assets              
Total assets $ (1,815,299)   $ (1,457,732)        
Liabilities              
Total liabilities (92,359)   (91,402)        
Commitments and contingencies          
Stockholders’ Equity              
Total equity (1,722,940)   (1,366,330)        
Total liabilities, redeemable interest, non-controlling interests and equity (1,815,299)   (1,457,732)        
Ares Management L.P              
Assets              
Cash and cash equivalents 557,094   488,896        
Investments (includes $4,141,111 of accrued carried interest) $ 5,546,255   $ 5,508,447        
Other Receivable, after Allowance for Credit Loss, Related Party, Type [Extensible Enumeration] Affiliated entity   Affiliated entity        
Due from affiliates $ 1,377,120   $ 1,420,218        
Other assets 1,090,376   1,032,138        
Right-of-use operating lease assets 633,385   517,351        
Intangible assets, net 2,095,022   2,115,830        
Goodwill 3,464,289   3,454,107        
Liabilities              
Accounts payable, accrued expenses and other liabilities 1,227,298   1,204,467        
Accrued compensation $ 635,157   $ 472,978        
Accounts Payable, Related Party, Type [Extensible Enumeration] Affiliated entity   Affiliated entity        
Due to affiliates $ 764,768   $ 810,409        
Performance related compensation payable 3,122,566   2,951,333        
Debt obligations 4,577,159   3,941,415        
Operating lease liabilities 812,596   669,999        
Redeemable interest in Ares Operating Group entities 25,648   25,296        
Non-controlling interests in Ares Operating Group entities 1,307,531   1,496,771        
Stockholders’ Equity              
Additional paid-in-capital 4,346,419   4,242,678        
Accumulated deficit (1,854,800)   (1,452,259)        
Accumulated other comprehensive income, net of tax 13,122   21,743        
Total stockholders’ equity 3,968,073   4,275,463        
Equity method investments 4,141,111   3,972,748        
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) 1,460,030   1,460,030        
Ares Management L.P | Class A Common Stock              
Stockholders’ Equity              
Common stock 2,239   2,185        
Ares Management L.P | Non-voting Common Stock              
Stockholders’ Equity              
Common stock 35   35        
Ares Management L.P | Class C Common Stock              
Stockholders’ Equity              
Common stock 1,028   1,051        
Ares Management L.P | Reportable legal entity              
Assets              
Cash and cash equivalents 557,094   488,896        
Investments (includes $4,141,111 of accrued carried interest) 7,333,193   6,940,314        
Due from affiliates 1,402,537   1,446,083        
Other assets 1,090,945   1,032,138        
Right-of-use operating lease assets 633,385   517,351        
Intangible assets, net 2,095,022   2,115,830        
Goodwill 3,464,289   3,454,107        
Total assets 16,576,465   15,994,719        
Liabilities              
Accounts payable, accrued expenses and other liabilities 1,227,445   1,204,618        
Accrued compensation 635,157   472,978        
Due to affiliates 767,143   810,409        
Performance related compensation payable 3,122,566   2,951,333        
Debt obligations 4,577,159   3,941,415        
Operating lease liabilities 812,596   669,999        
Total liabilities 11,142,066   10,050,752        
Commitments and contingencies          
Redeemable interest in Ares Operating Group entities 25,648   25,296        
Non-controlling interests in Ares Operating Group entities 1,348,995   1,543,823        
Stockholders’ Equity              
Additional paid-in-capital 4,438,102   4,342,063        
Accumulated deficit (1,854,800)   (1,452,259)        
Accumulated other comprehensive income, net of tax 13,122   21,743        
Total stockholders’ equity 4,059,756   4,374,848        
Total equity 5,408,751   5,918,671        
Total liabilities, redeemable interest, non-controlling interests and equity 16,576,465   15,994,719        
Ares Management L.P | Reportable legal entity | 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) 1,460,030   1,460,030        
Ares Management L.P | Reportable legal entity | Class A Common Stock              
Stockholders’ Equity              
Common stock 2,239   2,185        
Ares Management L.P | Reportable legal entity | Non-voting Common Stock              
Stockholders’ Equity              
Common stock 35   35        
Ares Management L.P | Reportable legal entity | Class C Common Stock              
Stockholders’ Equity              
Common stock 1,028   1,051        
Ares Management L.P | Eliminations               
Assets              
Investments (includes $4,141,111 of accrued carried interest) (1,786,938)   (1,431,867)        
Due from affiliates (25,417)   (25,865)        
Other assets (569)            
Liabilities              
Accounts payable, accrued expenses and other liabilities (147)   (151)        
Due to affiliates (2,375)            
Non-controlling interests in Ares Operating Group entities (41,464)   (47,052)        
Stockholders’ Equity              
Additional paid-in-capital (91,683)   (99,385)        
Total stockholders’ equity (91,683)   (99,385)        
Consolidated Funds              
Assets              
Cash and cash equivalents 1,295,264   959,088        
Investments (includes $4,141,111 of accrued carried interest) 13,393,347   12,844,886        
Other assets 65,953   63,966        
Receivable for securities sold 113,294   228,442        
Liabilities              
Accounts payable, accrued expenses and other liabilities $ 124,570   $ 105,137        
Accounts Payable, Related Party, Type [Extensible Enumeration] Affiliated entity   Affiliated entity        
Due to affiliates $ 0   $ 0        
Payable for securities purchased 256,519   165,391        
CLO loan obligations, at fair value 6,951,657   7,359,072        
Fund borrowings 2,531,196   2,251,780        
Non-controlling interests in Ares Operating Group entities 3,326,661   2,903,858        
Consolidated Funds | Reportable legal entity              
Assets              
Cash and cash equivalents 1,295,264   959,088        
Investments (includes $4,141,111 of accrued carried interest) 13,393,347   12,844,886        
Other assets 68,328   63,966        
Receivable for securities sold 113,294   228,442        
Total assets 14,870,233   14,096,382        
Liabilities              
Accounts payable, accrued expenses and other liabilities 125,923   105,722        
Due to affiliates 24,607   25,021        
Payable for securities purchased 256,519   165,391        
CLO loan obligations, at fair value 7,015,534   7,424,717        
Fund borrowings 2,531,196   2,251,780        
Total liabilities 9,953,779   9,972,631        
Commitments and contingencies          
Non-controlling interests in Ares Operating Group entities 4,916,454   4,123,751        
Stockholders’ Equity              
Total equity 4,916,454   4,123,751        
Total liabilities, redeemable interest, non-controlling interests and equity 14,870,233   14,096,382        
Consolidated Funds | Eliminations               
Assets              
Other assets (2,375)            
Liabilities              
Accounts payable, accrued expenses and other liabilities (1,353)   (585)        
Due to affiliates (24,607)   (25,021)        
CLO loan obligations, at fair value (63,877)   (65,645)        
Non-controlling interests in Ares Operating Group entities $ (1,589,793)   $ (1,219,893)