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SEGMENT REPORTING - Schedule of Segment Revenue Reconciliation (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023
Revenue adjustment |  |  |  |
Total revenues | $ 788,682 | $ 1,093,286 | $ 1,496,045 | $ 1,906,648
Total segment revenue | 874,915 | 785,107 | 1,610,721 | 1,438,788
Ares Management L.P |  |  |  |
Revenue adjustment |  |  |  |
Total revenues | 788,682 | 1,093,286 | 1,496,045 | 1,906,648
Operating segment | Ares Management L.P |  |  |  |
Revenue adjustment |  |  |  |
Performance (income) loss—unrealized | 122,318 | (288,220) | 167,794 | (415,933)
Total segment revenue | 874,915 | 785,107 | 1,610,721 | 1,438,788
Reconciling items |  |  |  |
Revenue adjustment |  |  |  |
Total segment revenue | 86,233 | (308,179) | 114,676 | (467,860)
Principal investment income, net of eliminations | (603) | (65,242) | 2,063 | (100,699)
Reconciling items | Non-Controlling interest | Subsidiaries |  |  |  |
Revenue adjustment |  |  |  |
Total segment revenue | (7,142) | (6,421) | (14,876) | (17,330)
OMG |  |  |  |
Revenue adjustment |  |  |  |
Total revenues | (5,481) | (7,848) | (9,814) | (12,488)
Management fees |  |  |  |
Revenue adjustment |  |  |  |
Total revenues | 721,681 | 615,271 | 1,409,373 | 1,215,787
Management fees | Operating segment | Ares Management L.P |  |  |  |
Revenue adjustment |  |  |  |
Total revenues | 726,111 | 621,752 | 1,419,476 | 1,224,371
Management fees | OMG |  |  |  |
Revenue adjustment |  |  |  |
Total revenues | 0 | 0 | 0 | 0
Management fees | Consolidated Funds | Eliminations |  |  |  |
Revenue adjustment |  |  |  |
Total segment revenue | 12,002 | 12,005 | 24,455 | 23,606
Carried interest |  |  |  |
Revenue adjustment |  |  |  |
Total revenues | (51,167) | 418,466 | (83,645) | 569,954
Carried interest | Consolidated Funds | Eliminations |  |  |  |
Revenue adjustment |  |  |  |
Total revenues | 11,527 | 3,946 | 17,452 | 7,491
Administrative, transaction and other fees |  |  |  |
Revenue adjustment |  |  |  |
Total revenues | 40,973 | 44,711 | 77,405 | 74,388
Administrative, transaction and other fees | Reconciling items |  |  |  |
Revenue adjustment |  |  |  |
Total revenues | (17,701) | (16,888) | (34,108) | (30,538)
Administrative, transaction and other fees | Consolidated Funds | Reconciling items |  |  |  |
Revenue adjustment |  |  |  |
Total revenues | 168 | 2,135 | 281 | 6,978
Principal investment income |  |  |  |
Revenue adjustment |  |  |  |
Total revenues | 29,461 | 6,888 | 36,511 | 29,646
Principal investment income | Reconciling items |  |  |  |
Revenue adjustment |  |  |  |
Principal investment income, net of eliminations | $ (29,458) | $ (6,888) | $ (36,508) | $ (29,646)

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