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FAIR VALUE - Schedule of Quantitative Inputs and Assumptions Used for Level III Inputs (Details)
$ in Thousands
Mar. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Consolidated Funds     
Assets    
Equity securities $ 1,876,393 $ 1,861,146
Fixed income investments 7,781,356 8,876,318
Total assets, at fair value 11,985,974 12,740,839
Liabilities    
Derivative instruments (10,639) (4,734)
Total liabilities, at fair value (8,532,641) (9,676,923)
Consolidated Funds  | Level III     
Assets    
Equity securities 1,844,907 1,829,928
Fixed income investments 580,992 593,817
Total assets, at fair value 2,425,899 2,423,745
Liabilities    
Derivative instruments (749) (1,846)
Total liabilities, at fair value (749) (1,846)
Consolidated Funds  | Level III  | Market approach    
Assets    
Fixed income investments 287,874 284,950
Consolidated Funds  | Level III  | Market approach | Equity Securities One    
Assets    
Equity securities 869,412 835,432
Consolidated Funds  | Level III  | Market approach | Equity Securities Two    
Assets    
Equity securities 6,584 $ 8,598
Consolidated Funds  | Level III  | Market approach | Equity Securities Three    
Assets    
Equity securities $ 787  
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 1.3 1.4
Consolidated Funds  | Level III  | Market approach | EBITDA multiple | Minimum | Equity Securities Two    
Significant Unobservable Input(s)    
Equity securities 5.3 5.6
Consolidated Funds  | Level III  | Market approach | EBITDA multiple | Maximum | Equity Securities Two    
Significant Unobservable Input(s)    
Equity securities 35.0 34.6
Consolidated Funds  | Level III  | Market approach | EBITDA multiple | Weighted Average | Equity Securities Two    
Significant Unobservable Input(s)    
Equity securities 9.2 10.7
Consolidated Funds  | Level III  | Market approach | Yield | Minimum    
Significant Unobservable Input(s)    
Fixed income investments 0.064 0.074
Consolidated Funds  | Level III  | Market approach | Yield | Minimum | Equity Securities Three    
Significant Unobservable Input(s)    
Equity securities 0.064  
Consolidated Funds  | Level III  | Market approach | Yield | Maximum    
Significant Unobservable Input(s)    
Fixed income investments 0.237 0.286
Consolidated Funds  | Level III  | Market approach | Yield | Maximum | Equity Securities Three    
Significant Unobservable Input(s)    
Equity securities 0.237  
Consolidated Funds  | Level III  | Market approach | Yield | Weighted Average    
Significant Unobservable Input(s)    
Fixed income investments 0.099 0.099
Consolidated Funds  | Level III  | Market approach | Yield | Weighted Average | Equity Securities Three    
Significant Unobservable Input(s)    
Equity securities 0.098  
Consolidated Funds  | Level III  | Discounted cash flow    
Assets    
Equity securities $ 968,124 $ 985,109
Fixed income investments $ 1,443 $ 192
Consolidated Funds  | Level III  | Discounted cash flow | Discount rate | Minimum    
Significant Unobservable Input(s)    
Equity securities 0.100 0.100
Fixed income investments 0.145  
Consolidated Funds  | Level III  | Discounted cash flow | Discount rate | Maximum    
Significant Unobservable Input(s)    
Equity securities 0.200 0.200
Fixed income investments 0.200  
Consolidated Funds  | Level III  | Discounted cash flow | Discount rate | Weighted Average    
Significant Unobservable Input(s)    
Equity securities 0.120 13
Fixed income investments 0.128  
Consolidated Funds  | Level III  | Broker quotes and/or 3rd party pricing services    
Assets    
Fixed income investments $ 291,675 $ 308,675
Liabilities    
Derivative instruments (749) (1,846)
Consolidated Funds  | Level III  | Other    
Assets    
Equity securities   789
Ares Management L.P    
Assets    
Equity securities 644,527 515,216
Total assets, at fair value 664,923 1,632,095
Liabilities    
Contingent consideration (484,954) (17,550)
Total liabilities, at fair value (485,856) (17,766)
Ares Management L.P | Level III     
Assets    
Equity securities 426,377 411,179
Total assets, at fair value 445,039 453,012
Liabilities    
Contingent consideration (484,954) (17,550)
Total liabilities, at fair value $ (484,954) $ (17,550)
Ares Management L.P | Level III  | Volatility | Minimum    
Significant Unobservable Input(s)    
Contingent consideration 0.111 0.111
Ares Management L.P | Level III  | Volatility | Maximum    
Significant Unobservable Input(s)    
Contingent consideration 0.151  
Ares Management L.P | Level III  | Volatility | Weighted Average    
Significant Unobservable Input(s)    
Contingent consideration 0.149 0.111
Ares Management L.P | Level III  | Transaction Price    
Assets    
Equity securities $ 180,220 $ 168,387
Fixed income investments   22,283
Ares Management L.P | Level III  | Market yield analysis    
Assets    
Equity securities $ 100,000  
Ares Management L.P | Level III  | Market yield analysis | Market interest rate | Minimum    
Significant Unobservable Input(s)    
Equity securities 0.080  
Ares Management L.P | Level III  | Market yield analysis | Market interest rate | Weighted Average    
Significant Unobservable Input(s)    
Equity securities 0.080  
Ares Management L.P | Level III  | Market approach    
Assets    
Equity securities $ 9,684  
Ares Management L.P | Level III  | Market approach | Equity Securities One    
Assets    
Equity securities 60,856 100,000
Ares Management L.P | Level III  | Market approach | Equity Securities Two    
Assets    
Equity securities $ 56,273 57,659
Ares Management L.P | Level III  | Market approach | Equity Securities Three    
Assets    
Equity securities   56,918
Ares Management L.P | Level III  | Market approach | Equity Securities Four    
Assets    
Equity securities   $ 8,489
Ares Management L.P | Level III  | Market approach | Multiple of book value | Minimum | Equity Securities One    
Significant Unobservable Input(s)    
Equity securities 1.3  
Ares Management L.P | Level III  | Market approach | Multiple of book value | Minimum | Equity Securities Two    
Significant Unobservable Input(s)    
Equity securities 0.007 1.0
Ares Management L.P | Level III  | Market approach | Multiple of book value | Minimum | Equity Securities Three    
Significant Unobservable Input(s)    
Equity securities   1.2
Ares Management L.P | Level III  | Market approach | Multiple of book value | Maximum | Equity Securities One    
Significant Unobservable Input(s)    
Equity securities 1.5  
Ares Management L.P | Level III  | Market approach | Multiple of book value | Maximum | Equity Securities Two    
Significant Unobservable Input(s)    
Equity securities 0.009 1.1
Ares Management L.P | Level III  | Market approach | Multiple of book value | Maximum | Equity Securities Three    
Significant Unobservable Input(s)    
Equity securities   1.7
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  
Ares Management L.P | Level III  | Market approach | Multiple of book value | Weighted Average | Equity Securities Two    
Significant Unobservable Input(s)    
Equity securities 0.008 1.0
Ares Management L.P | Level III  | Market approach | Multiple of book value | Weighted Average | Equity Securities Three    
Significant Unobservable Input(s)    
Equity securities   1.4
Ares Management L.P | Level III  | Market approach | Earnings multiple    
Significant Unobservable Input(s)    
Equity securities 15.4  
Ares Management L.P | Level III  | Market approach | Earnings multiple | Equity Securities Four    
Significant Unobservable Input(s)    
Equity securities   15.4
Ares Management L.P | Level III  | Market approach | Earnings multiple | Weighted Average    
Significant Unobservable Input(s)    
Equity securities 15.4  
Ares Management L.P | Level III  | Market approach | Earnings multiple | Weighted Average | Equity Securities Four    
Significant Unobservable Input(s)    
Equity securities   15.4
Ares Management L.P | Level III  | Market approach | Yield | Minimum | Equity Securities One    
Significant Unobservable Input(s)    
Equity securities   0.080
Ares Management L.P | Level III  | Market approach | Yield | Weighted Average | Equity Securities One    
Significant Unobservable Input(s)    
Equity securities   0.080
Ares Management L.P | Level III  | Discounted cash flow | Equity Securities Three    
Assets    
Equity securities   $ 521
Ares Management L.P | Level III  | Discounted cash flow | Discount rate | Minimum    
Significant Unobservable Input(s)    
Equity securities 0.110  
Ares Management L.P | Level III  | Discounted cash flow | Discount rate | Minimum | Equity Securities Two    
Significant Unobservable Input(s)    
Equity securities   0.100
Ares Management L.P | Level III  | Discounted cash flow | Discount rate | Minimum | Equity Securities Three    
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 0.150  
Ares Management L.P | Level III  | Discounted cash flow | Discount rate | Maximum | Equity Securities Two    
Significant Unobservable Input(s)    
Equity securities   0.140
Ares Management L.P | Level III  | Discounted cash flow | Discount rate | Maximum | Equity Securities Three    
Significant Unobservable Input(s)    
Equity securities   0.215
Ares Management L.P | Level III  | Discounted cash flow | Discount rate | Weighted Average    
Significant Unobservable Input(s)    
Equity securities 0.130  
Ares Management L.P | Level III  | Discounted cash flow | Discount rate | Weighted Average | Equity Securities Two    
Significant Unobservable Input(s)    
Equity securities   0.120
Ares Management L.P | Level III  | Discounted cash flow | Discount rate | Weighted Average | Equity Securities Three    
Significant Unobservable Input(s)    
Equity securities   0.200
Ares Management L.P | Level III  | Option pricing model    
Assets    
Equity securities $ 19,344 $ 19,205
Ares Management L.P | Level III  | Option pricing model | Volatility    
Significant Unobservable Input(s)    
Equity securities 0.350 0.350
Ares Management L.P | Level III  | Option pricing model | Volatility | Weighted Average    
Significant Unobservable Input(s)    
Equity securities 0.350 0.350
Ares Management L.P | Level III  | Broker quotes and/or 3rd party pricing services    
Assets    
Fixed income investments $ 18,492 $ 19,040
Ares Management L.P | Level III  | Other    
Assets    
Fixed income investments 170 510
Ares Management L.P | Level III  | Monte Carlo simulation    
Liabilities    
Contingent consideration $ (484,954) $ (17,550)
Ares Management L.P | Level III  | Monte Carlo simulation | Discount rate | Minimum    
Significant Unobservable Input(s)    
Contingent consideration 0.066 0.066
Ares Management L.P | Level III  | Monte Carlo simulation | Discount rate | Maximum    
Significant Unobservable Input(s)    
Contingent consideration 0.070 0.069
Ares Management L.P | Level III  | Monte Carlo simulation | Discount rate | Weighted Average    
Significant Unobservable Input(s)    
Contingent consideration 0.070 0.068