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SEGMENT REPORTING - Schedule of Financial Results for Company's Operating Segments and OMG (Details) - USD ($) $ in Thousands | 3 Months Ended
--- | ---
Mar. 31, 2025 | Mar. 31, 2024
Segment reporting |  |
Total revenues | $ 1,088,805 | $ 707,363
Compensation and benefits | (657,125) | (412,951)
General, administrative and other expenses | (227,914) | (170,928)
Management fees |  |
Segment reporting |  |
Total revenues | 816,987 | 687,692
Total |  |
Segment reporting |  |
Compensation and benefits | (377,182) | (300,015)
General, administrative and other expenses | (140,139) | (115,273)
Fee related earnings | 367,276 | 301,670
Performance income—realized | 125,448 | 23,181
Performance related compensation—realized | (84,416) | (13,156)
Realized net performance income | 41,032 | 10,025
Investment income (loss)—realized | 11,695 | 6,939
Interest income | 22,308 | 8,346
Interest expense | (36,387) | (37,824)
Realized net investment income (loss) | (2,384) | (22,539)
Realized income | 405,924 | 289,156
Total | Management fees |  |
Segment reporting |  |
Total revenues | 818,376 | 693,365
Total | Fee related performance revenues |  |
Segment reporting |  |
Total revenues | 28,051 | 3,717
Total | Other fees |  |
Segment reporting |  |
Total revenues | 38,170 | 19,876
Operating segment |  |
Segment reporting |  |
Fee related earnings | (542,233) | (441,974)
Performance income—realized | 125,448 | 23,181
Performance related compensation—realized | (84,416) | (13,156)
Realized income | (580,203) | (429,048)
OMG |  |
Segment reporting |  |
Compensation and benefits | (116,468) | (94,157)
General, administrative and other expenses | (64,026) | (50,480)
Fee related earnings | (174,957) | (140,304)
Performance income—realized | 0 | 0
Performance related compensation—realized | 0 | 0
Realized net performance income | 0 | 0
Investment income (loss)—realized | 331 | 11
Interest income | 603 | 441
Interest expense | (256) | (40)
Realized net investment income (loss) | 678 | 412
Realized income | (174,279) | (139,892)
OMG | Management fees |  |
Segment reporting |  |
Total revenues | 0 | 0
OMG | Fee related performance revenues |  |
Segment reporting |  |
Total revenues | 0 | 0
OMG | Other fees |  |
Segment reporting |  |
Total revenues | 5,537 | 4,333
Ares Management L.P |  |
Segment reporting |  |
Total revenues | 1,088,805 | 707,363
Ares Management L.P | Operating segment |  |
Segment reporting |  |
Compensation and benefits | (260,714) | (205,858)
General, administrative and other expenses | (76,113) | (64,793)
Fee related earnings | 542,233 | 441,974
Performance income—realized | 125,448 | 23,181
Performance related compensation—realized | (84,416) | (13,156)
Realized net performance income | 41,032 | 10,025
Investment income (loss)—realized | 11,364 | 6,928
Interest income | 21,705 | 7,905
Interest expense | (36,131) | (37,784)
Realized net investment income (loss) | (3,062) | (22,951)
Realized income | 580,203 | 429,048
Ares Management L.P | Operating segment | Credit Group |  |
Segment reporting |  |
Compensation and benefits | (164,747) | (134,849)
General, administrative and other expenses | (41,048) | (34,366)
Fee related earnings | 408,594 | 352,417
Performance income—realized | 54,112 | 16,766
Performance related compensation—realized | (34,258) | (8,734)
Realized net performance income | 19,854 | 8,032
Investment income (loss)—realized | 5,379 | 1,765
Interest income | 4,420 | 2,767
Interest expense | (6,308) | (8,753)
Realized net investment income (loss) | 3,491 | (4,221)
Realized income | 431,939 | 356,228
Ares Management L.P | Operating segment | Real Assets Group |  |
Segment reporting |  |
Compensation and benefits | (56,702) | (37,918)
General, administrative and other expenses | (20,852) | (14,453)
Fee related earnings | 74,279 | 46,518
Performance income—realized | 65,305 | 3,677
Performance related compensation—realized | (46,807) | (2,228)
Realized net performance income | 18,498 | 1,449
Investment income (loss)—realized | 7,919 | 2,678
Interest income | 2,618 | 700
Interest expense | (15,717) | (7,406)
Realized net investment income (loss) | (5,180) | (4,028)
Realized income | 87,597 | 43,939
Ares Management L.P | Operating segment | Private Equity Group |  |
Segment reporting |  |
Compensation and benefits | (13,831) | (14,785)
General, administrative and other expenses | (4,257) | (5,216)
Fee related earnings | 14,307 | 15,371
Performance income—realized | 6,031 | 2,738
Performance related compensation—realized | (3,351) | (2,194)
Realized net performance income | 2,680 | 544
Investment income (loss)—realized | (4,602) | 298
Interest income | 2,022 | 6
Interest expense | (4,180) | (4,662)
Realized net investment income (loss) | (6,760) | (4,358)
Realized income | 10,227 | 11,557
Ares Management L.P | Operating segment | Secondaries Group |  |
Segment reporting |  |
Compensation and benefits | (18,371) | (12,714)
General, administrative and other expenses | (8,473) | (9,068)
Fee related earnings | 40,584 | 25,605
Performance income—realized | 0 | 0
Performance related compensation—realized | 0 | 0
Realized net performance income | 0 | 0
Investment income (loss)—realized | 138 | 187
Interest income | 957 | 23
Interest expense | (2,008) | (8,229)
Realized net investment income (loss) | (913) | (8,019)
Realized income | 39,671 | 17,586
Ares Management L.P | Operating segment | Other |  |
Segment reporting |  |
Compensation and benefits | (7,063) | (5,592)
General, administrative and other expenses | (1,483) | (1,690)
Fee related earnings | 4,469 | 2,063
Performance income—realized | 0 | 0
Performance related compensation—realized | 0 | 0
Realized net performance income | 0 | 0
Investment income (loss)—realized | 2,530 | 2,000
Interest income | 11,688 | 4,409
Interest expense | (7,918) | (8,734)
Realized net investment income (loss) | 6,300 | (2,325)
Realized income | 10,769 | (262)
Ares Management L.P | Operating segment | Management fees |  |
Segment reporting |  |
Total revenues | 818,376 | 693,365
Ares Management L.P | Operating segment | Management fees | Credit Group |  |
Segment reporting |  |
Total revenues | 585,396 | 510,966
Ares Management L.P | Operating segment | Management fees | Real Assets Group |  |
Segment reporting |  |
Total revenues | 130,453 | 93,814
Ares Management L.P | Operating segment | Management fees | Private Equity Group |  |
Segment reporting |  |
Total revenues | 31,998 | 34,933
Ares Management L.P | Operating segment | Management fees | Secondaries Group |  |
Segment reporting |  |
Total revenues | 57,650 | 44,421
Ares Management L.P | Operating segment | Management fees | Other |  |
Segment reporting |  |
Total revenues | 12,879 | 9,231
Ares Management L.P | Operating segment | Fee related performance revenues |  |
Segment reporting |  |
Total revenues | 28,051 | 3,717
Ares Management L.P | Operating segment | Fee related performance revenues | Credit Group |  |
Segment reporting |  |
Total revenues | 18,395 | 755
Ares Management L.P | Operating segment | Fee related performance revenues | Real Assets Group |  |
Segment reporting |  |
Total revenues | 0 | 0
Ares Management L.P | Operating segment | Fee related performance revenues | Private Equity Group |  |
Segment reporting |  |
Total revenues | 0 | 0
Ares Management L.P | Operating segment | Fee related performance revenues | Secondaries Group |  |
Segment reporting |  |
Total revenues | 9,656 | 2,962
Ares Management L.P | Operating segment | Fee related performance revenues | Other |  |
Segment reporting |  |
Total revenues | 0 | 0
Ares Management L.P | Operating segment | Other fees |  |
Segment reporting |  |
Total revenues | 32,633 | 15,543
Ares Management L.P | Operating segment | Other fees | Credit Group |  |
Segment reporting |  |
Total revenues | 10,598 | 9,911
Ares Management L.P | Operating segment | Other fees | Real Assets Group |  |
Segment reporting |  |
Total revenues | 21,380 | 5,075
Ares Management L.P | Operating segment | Other fees | Private Equity Group |  |
Segment reporting |  |
Total revenues | 397 | 439
Ares Management L.P | Operating segment | Other fees | Secondaries Group |  |
Segment reporting |  |
Total revenues | 122 | 4
Ares Management L.P | Operating segment | Other fees | Other |  |
Segment reporting |  |
Total revenues | $ 136 | $ 114

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