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FAIR VALUE - Schedule of Quantitative Inputs and Assumptions used for Level III Inputs (Details)
$ in Thousands
Sep. 30, 2024
USD ($)
Dec. 31, 2023
USD ($)
Level III  | Discounted cash flow    
Assets    
Equity securities   $ 154,460
Level III  | Discounted cash flow | Discount rate | Minimum    
Significant Unobservable Input(s)    
Equity securities   20
Level III  | Discounted cash flow | Discount rate | Maximum    
Significant Unobservable Input(s)    
Equity securities   0.300
Level III  | Discounted cash flow | Discount rate | Weighted Average    
Significant Unobservable Input(s)    
Equity securities   25
Consolidated Funds     
Assets    
Equity securities $ 1,768,434 $ 1,240,653
Fixed income investments 10,151,050 11,718,445
Total assets, at fair value 13,860,256 14,610,713
Liabilities    
Derivative instruments (7,959) (10,782)
Total liabilities, at fair value (11,078,220) (12,356,439)
Consolidated Funds  | Level III     
Assets    
Equity securities 1,731,563 1,190,400
Fixed income investments 757,956 740,113
Total assets, at fair value 2,489,519 1,930,513
Liabilities    
Derivative instruments (1,903) (1,291)
Total liabilities, at fair value (1,903) (1,291)
Consolidated Funds  | Level III  | Market approach | Equity Securities One    
Assets    
Equity securities 793,106 537,733
Consolidated Funds  | Level III  | Market approach | Equity Securities Two    
Assets    
Equity securities 22,636 3,909
Consolidated Funds  | Level III  | Market approach | Fixed Income Investments One    
Assets    
Fixed income investments 253,514 188,322
Consolidated Funds  | Level III  | Market approach | Fixed Income Investments Two    
Assets    
Fixed income investments $ 2,363 $ 2,974
Consolidated Funds  | Level III  | Market approach | Multiple of book value | Minimum | Equity Securities One    
Significant Unobservable Input(s)    
Equity securities 1.0 1.0
Consolidated Funds  | Level III  | Market approach | Multiple of book value | Maximum | Equity Securities One    
Significant Unobservable Input(s)    
Equity securities 1.7 1.7
Consolidated Funds  | Level III  | Market approach | Multiple of book value | Weighted Average | Equity Securities One    
Significant Unobservable Input(s)    
Equity securities 1.4 1.3
Consolidated Funds  | Level III  | Market approach | Yield | Minimum | Fixed Income Investments One    
Significant Unobservable Input(s)    
Fixed income investments 0.060 0.083
Consolidated Funds  | Level III  | Market approach | Yield | Maximum | Fixed Income Investments One    
Significant Unobservable Input(s)    
Fixed income investments 0.232 0.241
Consolidated Funds  | Level III  | Market approach | Yield | Weighted Average | Fixed Income Investments One    
Significant Unobservable Input(s)    
Fixed income investments 0.103 0.122
Consolidated Funds  | Level III  | Market approach | EBITDA multiple | Minimum | Equity Securities Two    
Significant Unobservable Input(s)    
Equity securities 1.0 4.5
Consolidated Funds  | Level III  | Market approach | EBITDA multiple | Minimum | Fixed Income Investments Two    
Significant Unobservable Input(s)    
Fixed income investments 5.0 4.5
Consolidated Funds  | Level III  | Market approach | EBITDA multiple | Maximum | Equity Securities Two    
Significant Unobservable Input(s)    
Equity securities 34.6 32.4
Consolidated Funds  | Level III  | Market approach | EBITDA multiple | Maximum | Fixed Income Investments Two    
Significant Unobservable Input(s)    
Fixed income investments 34.6 32.4
Consolidated Funds  | Level III  | Market approach | EBITDA multiple | Weighted Average | Equity Securities Two    
Significant Unobservable Input(s)    
Equity securities 14.4 8.9
Consolidated Funds  | Level III  | Market approach | EBITDA multiple | Weighted Average | Fixed Income Investments Two    
Significant Unobservable Input(s)    
Fixed income investments 10.8 9.0
Consolidated Funds  | Level III  | Discounted cash flow    
Assets    
Equity securities $ 914,196 $ 648,581
Fixed income investments   $ 104
Consolidated Funds  | Level III  | Discounted cash flow | Discount rate    
Significant Unobservable Input(s)    
Fixed income investments   0.123
Consolidated Funds  | Level III  | Discounted cash flow | Discount rate | Minimum    
Significant Unobservable Input(s)    
Equity securities 0.100 0.100
Consolidated Funds  | Level III  | Discounted cash flow | Discount rate | Maximum    
Significant Unobservable Input(s)    
Equity securities 0.187 0.160
Consolidated Funds  | Level III  | Discounted cash flow | Discount rate | Weighted Average    
Significant Unobservable Input(s)    
Equity securities 0.130 13
Fixed income investments   0.123
Consolidated Funds  | Level III  | Transaction Price    
Assets    
Equity securities $ 871  
Consolidated Funds  | Level III  | Broker quotes and/or 3rd party pricing services    
Assets    
Fixed income investments 502,042 $ 548,264
Liabilities    
Derivative instruments (1,903) (1,291)
Consolidated Funds  | Level III  | Other    
Assets    
Equity securities 754 177
Fixed income investments 37 449
Ares Management L.P    
Assets    
Equity securities 479,709 499,063
Total assets, at fair value 592,775 632,773
Liabilities    
Total liabilities, at fair value (3,162) (2,645)
Ares Management L.P | Level III     
Assets    
Equity securities 377,087 412,491
Total assets, at fair value 487,080 538,785
Liabilities    
Total liabilities, at fair value 0 0
Ares Management L.P | Level III  | Market approach    
Assets    
Equity securities 100,000  
Fixed income investments 88,542  
Ares Management L.P | Level III  | Market approach | Equity Securities One    
Assets    
Equity securities 123,859 118,846
Ares Management L.P | Level III  | Market approach | Equity Securities Two    
Assets    
Equity securities $ 7,220 $ 6,447
Ares Management L.P | Level III  | Market approach | Multiple of book value | Minimum | Equity Securities One    
Significant Unobservable Input(s)    
Equity securities 1.4 1.3
Ares Management L.P | Level III  | Market approach | Multiple of book value | Maximum | Equity Securities One    
Significant Unobservable Input(s)    
Equity securities 1.5 1.6
Ares Management L.P | Level III  | Market approach | Multiple of book value | Weighted Average | Equity Securities One    
Significant Unobservable Input(s)    
Equity securities 1.4 1.5
Ares Management L.P | Level III  | Market approach | Yield    
Significant Unobservable Input(s)    
Equity securities 0.080  
Ares Management L.P | Level III  | Market approach | Yield | Minimum    
Significant Unobservable Input(s)    
Fixed income investments 0.100  
Ares Management L.P | Level III  | Market approach | Yield | Maximum    
Significant Unobservable Input(s)    
Fixed income investments 0.120  
Ares Management L.P | Level III  | Market approach | Yield | Weighted Average    
Significant Unobservable Input(s)    
Equity securities 0.080  
Fixed income investments 0.110  
Ares Management L.P | Level III  | Market approach | Earnings multiple | Equity Securities Two    
Significant Unobservable Input(s)    
Equity securities 15.4  
Ares Management L.P | Level III  | Market approach | Earnings multiple | Weighted Average | Equity Securities Two    
Significant Unobservable Input(s)    
Equity securities 15.4  
Ares Management L.P | Level III  | Market approach | Enterprise value / Earnings multiple | Equity Securities Two    
Significant Unobservable Input(s)    
Equity securities   15.4
Ares Management L.P | Level III  | Market approach | Enterprise value / Earnings multiple | Weighted Average | Equity Securities Two    
Significant Unobservable Input(s)    
Equity securities   15.4
Ares Management L.P | Level III  | Discounted cash flow    
Assets    
Equity securities $ 112,565  
Ares Management L.P | Level III  | Discounted cash flow | Discount rate | Minimum    
Significant Unobservable Input(s)    
Equity securities 0.185  
Ares Management L.P | Level III  | Discounted cash flow | Discount rate | Maximum    
Significant Unobservable Input(s)    
Equity securities 0.300  
Ares Management L.P | Level III  | Discounted cash flow | Discount rate | Weighted Average    
Significant Unobservable Input(s)    
Equity securities 0.250  
Ares Management L.P | Level III  | Transaction Price    
Assets    
Equity securities   $ 100,000
Fixed income investments   83,000
Ares Management L.P | Level III  | Broker quotes and/or 3rd party pricing services    
Assets    
Fixed income investments $ 20,601 20,799
Ares Management L.P | Level III  | Other    
Assets    
Equity securities 33,444 32,738
Fixed income investments $ 849 $ 22,495