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FAIR VALUE - Schedule of Changes in Fair Value of Level III Measurements (Details) - USD ($) $ in Thousands | 3 Months Ended
--- | ---
Mar. 31, 2024 | Mar. 31, 2023
Consolidated Funds |  |
Level III Net Assets of Consolidated Funds |  |
Balance, beginning of period | $ 1,929,222 | $ 1,965,647
Transfer in | 91,729 | 284,198
Transfer out | (172,358) | (447,536)
Purchases | 418,227 | 417,604
Sales/settlements | (285,911) | (222,513)
Realized and unrealized appreciation (depreciation), net | 23,299 | 40,390
Balance, end of period | 2,004,208 | 2,037,790
Change in net unrealized appreciation/depreciation included in earnings related to financial assets still held at the reporting date | $ 23,265 | $ 7,965
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] | Net realized and unrealized gains (losses) from investments | Net realized and unrealized gains (losses) from investments
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Asset, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration] | Net realized and unrealized gains (losses) from investments | Net realized and unrealized gains (losses) from investments
Consolidated Funds | Equity securities |  |
Level III Net Assets of Consolidated Funds |  |
Balance, beginning of period | $ 1,190,400 | $ 730,880
Transfer in | 0 | 0
Transfer out | 0 | 0
Purchases | 154,475 | 180,372
Sales/settlements | 0 | (122)
Realized and unrealized appreciation (depreciation), net | 21,589 | 21,505
Balance, end of period | 1,366,464 | 932,635
Change in net unrealized appreciation/depreciation included in earnings related to financial assets still held at the reporting date | 22,225 | 21,436
Consolidated Funds | Fixed Income |  |
Level III Net Assets of Consolidated Funds |  |
Balance, beginning of period | 740,113 | 869,668
Transfer in | 91,729 | 284,198
Transfer out | (172,358) | (447,536)
Purchases | 263,706 | 188,232
Sales/settlements | (285,911) | (173,502)
Realized and unrealized appreciation (depreciation), net | 2,039 | 11,744
Balance, end of period | 639,318 | 732,804
Change in net unrealized appreciation/depreciation included in earnings related to financial assets still held at the reporting date | 1,420 | (20,602)
Consolidated Funds | Partnership Interests |  |
Level III Net Assets of Consolidated Funds |  |
Balance, beginning of period |  | 368,655
Transfer in |  | 0
Transfer out |  | 0
Purchases |  | 49,000
Sales/settlements |  | (48,889)
Realized and unrealized appreciation (depreciation), net |  | 5,283
Balance, end of period |  | 374,049
Change in net unrealized appreciation/depreciation included in earnings related to financial assets still held at the reporting date |  | 5,283
Consolidated Funds | Derivatives, Net |  |
Level III Net Assets of Consolidated Funds |  |
Balance, beginning of period | (1,291) | (3,556)
Transfer in | 0 | 0
Transfer out | 0 | 0
Purchases | 46 | 0
Sales/settlements | 0 | 0
Realized and unrealized appreciation (depreciation), net | (329) | 1,858
Balance, end of period | (1,574) | (1,698)
Change in net unrealized appreciation/depreciation included in earnings related to financial assets still held at the reporting date | (380) | 1,848
Ares Management L.P |  |
Level III Net Assets of Consolidated Funds |  |
Balance, beginning of period | 538,785 | 198,719
Purchases | 2,296 | 1,246
Sales/settlements | (109,142) | (1,491)
Realized and unrealized appreciation (depreciation), net | 6,523 | 1,768
Balance, end of period | 438,462 | 200,242
Change in net unrealized appreciation/depreciation included in earnings related to financial assets still held at the reporting date | 6,523 | 1,767
Ares Management L.P | Equity securities |  |
Level III Net Assets of Consolidated Funds |  |
Balance, beginning of period | 412,491 | 121,785
Purchases | 30 | 52
Sales/settlements | (782) | 45
Realized and unrealized appreciation (depreciation), net | 5,135 | 3,191
Balance, end of period | 416,874 | 125,073
Change in net unrealized appreciation/depreciation included in earnings related to financial assets still held at the reporting date | 5,135 | 2,978
Ares Management L.P | Fixed Income |  |
Level III Net Assets of Consolidated Funds |  |
Balance, beginning of period | 126,294 | 76,934
Purchases | 2,266 | 1,194
Sales/settlements | (108,360) | (1,536)
Realized and unrealized appreciation (depreciation), net | 1,388 | (1,423)
Balance, end of period | 21,588 | 75,169
Change in net unrealized appreciation/depreciation included in earnings related to financial assets still held at the reporting date | $ 1,388 | $ (1,211)

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- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. + References No definition available. + Details
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- Definition Amount of gain (loss) recognized in income from asset measured at fair value on recurring basis using unobservable input (level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
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- Definition Amount of gain (loss) recognized in other comprehensive income (OCI) from asset measured at fair value on recurring basis using unobservable input (level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
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- Definition Amount of transfer of financial instrument classified as an asset into level 3 of the fair value hierarchy. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(3) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
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- Definition Amount of transfers of financial instrument classified as an asset out of level 3 of the fair value hierarchy. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(3) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482106/820-10-50-2 + Details
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