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Consolidated Statements of Financial Condition (Parenthetical) - USD ($) $ in Thousands | Dec. 31, 2024 | Dec. 31, 2023
--- | --- | ---
Common stock, shares outstanding (in shares) | 313,170,171 | 307,585,576
Series B Mandatory Convertible Preferred Stock |  |
Preferred stock, par value (in dollars per share) | $ 0.01 |
Preferred stock, shares authorized (in shares) | 1,000,000,000 |
Preferred stock, shares issued (in shares) | 30,000,000 |
Preferred stock, shares outstanding (in shares) | 30,000,000 |
Class A Common Stock |  |
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) | 199,872,571 | 187,069,907
Common stock, shares outstanding (in shares) | 199,872,571 | 187,069,907
Non-voting Common Stock |  |
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 |  |
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 |  |
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) | 109,806,689 | 117,024,758
Common stock, shares outstanding (in shares) | 109,806,689 | 117,024,758
Ares Management L.P |  |
Other Receivable, after Allowance for Credit Loss, Related Party, Type [Extensible Enumeration] | Affiliated entity | Affiliated entity
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration] | Accounts Payable and Accrued Liabilities | Accounts Payable and Accrued Liabilities
Accounts Payable, Related Party, Type [Extensible Enumeration] | Affiliated entity | Affiliated entity
Ares Management L.P | Carried interest |  |
Equity method investments: | $ 3,495,115 | $ 3,413,007
Consolidated Funds |  |
Accounts Payable, Related Party, Type [Extensible Enumeration] | Affiliated entity | Affiliated entity

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