XML 160 R88.htm IDEA: XBRL DOCUMENT v3.25.0.1
SEGMENT REPORTING - Schedule of Financial Results for Company's Operating Segments and OMG (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Segment reporting      
Total revenues $ 3,884,781 $ 3,631,884 $ 3,055,443
Compensation and benefits (1,731,747) (1,486,698) (1,498,590)
General, administrative and other expenses (736,501) (660,146) (695,256)
Total      
Segment reporting      
Compensation and benefits (1,418,536) (1,276,115) (1,172,504)
General, administrative and other expenses (500,573) (404,215) (319,661)
Fee related earnings 1,361,737 1,163,741 994,350
Performance income—realized 430,179 415,899 418,021
Performance related compensation—realized (281,301) (282,406) (274,541)
Realized net performance income 148,878 133,493 143,480
Investment income (loss)—realized 39,651 46,185 45,542
Interest income 59,795 28,384 19,011
Interest expense (142,941) (106,275) (71,356)
Realized net investment income (loss) (43,495) (31,706) (6,803)
Realized income 1,467,120 1,265,528 1,131,027
Operating segment      
Segment reporting      
Fee related earnings (1,982,667) (1,701,793) (1,442,234)
Performance income—realized 430,179 415,899 418,021
Performance related compensation—realized (281,301) (282,406) (274,541)
Realized income (2,087,678) (1,802,988) (1,581,220)
OMG      
Segment reporting      
Compensation and benefits (421,268) (361,124) (317,396)
General, administrative and other expenses (220,019) (200,613) (155,017)
Fee related earnings (620,930) (538,052) (447,884)
Performance income—realized 0 0 0
Performance related compensation—realized 0 0 0
Realized net performance income 0 0 0
Investment income (loss)—realized (650) (470) (1,678)
Interest income 1,723 1,218 53
Interest expense (701) (156) (684)
Realized net investment income (loss) 372 592 (2,309)
Realized income (620,558) (537,460) (450,193)
Ares Management L.P      
Segment reporting      
Total revenues 3,884,781 3,631,884 3,055,443
Ares Management L.P | Operating segment      
Segment reporting      
Compensation and benefits (997,268) (914,991) (855,108)
General, administrative and other expenses (280,554) (203,602) (164,644)
Fee related earnings 1,982,667 1,701,793 1,442,234
Performance income—realized 430,179 415,899 418,021
Performance related compensation—realized (281,301) (282,406) (274,541)
Realized net performance income 148,878 133,493 143,480
Investment income (loss)—realized 40,301 46,655 47,220
Interest income 58,072 27,166 18,958
Interest expense (142,240) (106,119) (70,672)
Realized net investment income (loss) (43,867) (32,298) (4,494)
Realized income 2,087,678 1,802,988 1,581,220
Ares Management L.P | Operating segment | Credit Group      
Segment reporting      
Compensation and benefits (692,309) (624,741) (483,167)
General, administrative and other expenses (161,872) (115,546) (93,715)
Fee related earnings 1,568,157 1,317,012 1,017,926
Performance income—realized 326,202 323,733 237,839
Performance related compensation—realized (207,794) (211,976) (153,538)
Realized net performance income 118,408 111,757 84,301
Investment income (loss)—realized 21,159 36,490 27,831
Interest income 11,671 9,788 8,290
Interest expense (34,578) (29,732) (18,401)
Realized net investment income (loss) (1,748) 16,546 17,720
Realized income 1,684,817 1,445,315 1,119,947
Ares Management L.P | Operating segment | Real Assets Group      
Segment reporting      
Compensation and benefits (160,357) (153,870) (240,015)
General, administrative and other expenses (56,768) (46,789) (39,739)
Fee related earnings 212,106 218,807 271,626
Performance income—realized 60,317 20,990 133,130
Performance related compensation—realized (37,283) (12,768) (83,105)
Realized net performance income 23,034 8,222 50,025
Investment income (loss)—realized 5,184 3,392 9,898
Interest income 7,649 3,165 2,262
Interest expense (24,131) (16,391) (11,346)
Realized net investment income (loss) (11,298) (9,834) 814
Realized income 223,842 217,195 322,465
Ares Management L.P | Operating segment | Private Equity Group      
Segment reporting      
Compensation and benefits (56,830) (58,408) (66,075)
General, administrative and other expenses (21,449) (16,949) (16,416)
Fee related earnings 60,546 53,057 44,433
Performance income—realized 43,299 65,716 42,896
Performance related compensation—realized (36,334) (52,984) (34,383)
Realized net performance income 6,965 12,732 8,513
Investment income (loss)—realized 1,926 (712) 4,001
Interest income 1,970 38 222
Interest expense (22,632) (18,990) (13,484)
Realized net investment income (loss) (18,736) (19,664) (9,261)
Realized income 48,775 46,125 43,685
Ares Management L.P | Operating segment | Secondaries Group      
Segment reporting      
Compensation and benefits (66,290) (62,160) (53,743)
General, administrative and other expenses (33,881) (21,199) (12,685)
Fee related earnings 126,172 104,387 110,501
Performance income—realized 361 5,460 4,156
Performance related compensation—realized 110 (4,678) (3,515)
Realized net performance income 471 782 641
Investment income (loss)—realized 2,565 4,523 3,640
Interest income 972 344 43
Interest expense (10,240) (8,980) (5,660)
Realized net investment income (loss) (6,703) (4,113) (1,977)
Realized income 119,940 101,056 109,165
Ares Management L.P | Operating segment | Other      
Segment reporting      
Compensation and benefits (21,482) (15,812) (12,108)
General, administrative and other expenses (6,584) (3,119) (2,089)
Fee related earnings 15,686 8,530 (2,252)
Performance income—realized 0 0 0
Performance related compensation—realized 0 0 0
Realized net performance income 0 0 0
Investment income (loss)—realized 9,467 2,962 1,850
Interest income 35,810 13,831 8,141
Interest expense (50,659) (32,026) (21,781)
Realized net investment income (loss) (5,382) (15,233) (11,790)
Realized income 10,304 (6,703) (14,042)
Management fees      
Segment reporting      
Total revenues 2,942,126 2,551,150 2,136,433
Management fees | Total      
Segment reporting      
Total revenues 2,957,430 2,571,513 2,152,528
Management fees | OMG      
Segment reporting      
Total revenues 0 0 0
Management fees | Ares Management L.P | Operating segment      
Segment reporting      
Total revenues 2,957,430 2,571,513 2,152,528
Management fees | Ares Management L.P | Operating segment | Credit Group      
Segment reporting      
Total revenues 2,177,816 1,853,326 1,490,674
Management fees | Ares Management L.P | Operating segment | Real Assets Group      
Segment reporting      
Total revenues 401,968 389,437 347,808
Management fees | Ares Management L.P | Operating segment | Private Equity Group      
Segment reporting      
Total revenues 137,130 126,721 125,681
Management fees | Ares Management L.P | Operating segment | Secondaries Group      
Segment reporting      
Total revenues 197,287 174,942 176,694
Management fees | Ares Management L.P | Operating segment | Other      
Segment reporting      
Total revenues 43,229 27,087 11,671
Fee related performance revenues | Total      
Segment reporting      
Total revenues 231,537 180,449 239,425
Fee related performance revenues | OMG      
Segment reporting      
Total revenues 0 0 0
Fee related performance revenues | Ares Management L.P | Operating segment      
Segment reporting      
Total revenues 231,537 180,449 239,425
Fee related performance revenues | Ares Management L.P | Operating segment | Credit Group      
Segment reporting      
Total revenues 202,703 167,333 71,497
Fee related performance revenues | Ares Management L.P | Operating segment | Real Assets Group      
Segment reporting      
Total revenues 0 334 167,693
Fee related performance revenues | Ares Management L.P | Operating segment | Private Equity Group      
Segment reporting      
Total revenues 0 0 0
Fee related performance revenues | Ares Management L.P | Operating segment | Secondaries Group      
Segment reporting      
Total revenues 28,834 12,782 235
Fee related performance revenues | Ares Management L.P | Operating segment | Other      
Segment reporting      
Total revenues 0 0 0
Other fees | Total      
Segment reporting      
Total revenues 91,879 92,109 94,562
Other fees | OMG      
Segment reporting      
Total revenues 20,357 23,685 24,529
Other fees | Ares Management L.P | Operating segment      
Segment reporting      
Total revenues 71,522 68,424 70,033
Other fees | Ares Management L.P | Operating segment | Credit Group      
Segment reporting      
Total revenues 41,819 36,640 32,637
Other fees | Ares Management L.P | Operating segment | Real Assets Group      
Segment reporting      
Total revenues 27,263 29,695 35,879
Other fees | Ares Management L.P | Operating segment | Private Equity Group      
Segment reporting      
Total revenues 1,695 1,693 1,243
Other fees | Ares Management L.P | Operating segment | Secondaries Group      
Segment reporting      
Total revenues 222 22 0
Other fees | Ares Management L.P | Operating segment | Other      
Segment reporting      
Total revenues $ 523 $ 374 $ 274