Ares Management (ARES) 10-Q 10 Jun 14 2014 Q1 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	3 Months Ended
	Mar. 31, 2014	Jun. 09, 2014
Document and Entity Information	'	'
Entity Registrant Name	'ARES MANAGEMENT LP	'
Entity Central Index Key	'0001176948	'
Document Type	'10-Q	'
Document Period End Date	31-Mar-14	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--12-31	'
Entity Current Reporting Status	'No	'
Entity Filer Category	'Non-accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	80,667,664
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q1	'

Statement_of_Financial_Conditi

Statement of Financial Condition (USD $)	Mar. 31, 2014	Dec. 31, 2013
Assets	'	'
Cash	$350	$350
Prepaid assets	650	650
Total assets	1,000	1,000
Partners' Capital	'	'
Partners' capital	$1,000	$1,000

ORGANIZATION

ORGANIZATION	3 Months Ended
	Mar. 31, 2014
ORGANIZATION AND BASIS OF PRESENTATION	'
ORGANIZATION	'
	1. ORGANIZATION
	In anticipation of its initial public offering (the "IPO") that closed on May 7, 2014, Ares Management, L.P. (the "Company") was formed as a Delaware limited partnership on November 15, 2013.
	Pursuant to a reorganization effectuated in connection with the IPO, on May 1, 2014 the Company became a holding partnership. The Company's sole assets became equity interests through wholly owned subsidiary entities in Ares Holdings Inc. ("AHI"), Ares Domestic Holdings Inc., Ares Offshore Holdings, Ltd., Ares Investments LLC and Ares Real Estate Holdings LLC. The Company, either directly or through direct subsidiaries, is the general partner of each of the Ares Operating Group (as defined below) entities, and operates and controls all of the businesses and affairs of the Ares Operating Group. Ares Management GP LLC is the general partner of the Company.
	Additionally, on May 1, 2014, in connection with the IPO, Ares Holdings LLC was converted into a limited partnership, Ares Holdings L.P. ("Ares Holdings"), and Ares Investments LLC was converted into a limited partnership, Ares Investments L.P. ("Ares Investments"). In addition, the Company formed Ares Domestic Holdings L.P. ("Ares Domestic"), Ares Offshore Holdings L.P. ("Ares Offshore") and Ares Real Estate Holdings L.P. ("Ares Real Estate"). Ares Holdings, Ares Domestic, Ares Offshore, Ares Investments and Ares Real Estate are collectively referred to as the "Ares Operating Group."
	In exchange for its interest in the Company, prior to the consummation of the IPO, Ares Owners Holdings L.P. transferred to the Company its interests in each of AHI, Ares Domestic Holdings Inc., Ares Offshore Holdings, Ltd., Ares Real Estate Holdings LLC and a portion of its interest in Ares Investments. Similarly, the Abu Dhabi Investment Authority contributed its direct interest in AHI to its affiliate, AREC Holdings Ltd., a Cayman Islands exempted company ("AREC"), and subsequently, in exchange for its interest in the Company, AREC transferred to the Company its interest in each of AHI, Ares Domestic, Ares Offshore, Ares Investments and Ares Real Estate. As a result of the foregoing, Ares Owners Holdings L.P. holds 34,540,079 common units in the Company and AREC holds 34,538,155 common units in the Company. Following the foregoing exchanges, Ares Owners Holding L.P. retained a 59.21% direct interest, or 118,421,766 partnership units in each of the Ares Operating Group entities (collectively, the "Ares Operating Group Units"), in each of the Ares Operating Group entities. AREC has no direct interest in the Ares Operating Group entities. An affiliate of Alleghany Corporation ("Alleghany") owns a 6.25% direct interest, or 12,500,000 Ares Operating Group Units, in each of the Ares Operating Group entities.
	On May 7, 2014, the Company issued 11,363,636 common units in the IPO at the price of $19.00 per common unit. In addition, on June 4, 2014 the Company issued an additional 225,794 common units at $19.00 per common unit pursuant to the partial exercise by the underwriters of their overallotment option. Total proceeds from the IPO, including from the partial exercise by the underwriters of their overallotment option, net of underwriting discounts, were $209.2 million. The Company entered into an exchange agreement with the holders of Ares Operating Group units so that such holders, subject to any applicable transfer restrictions and other provisions, may up to four times each year from and after the second anniversary of the date of the closing of the IPO exchange their Ares Operating Group Units for common units on a one-for-one basis (provided that Alleghany may exchange up to half of its Ares Operating Group Units from and after the first anniversary of the IPO).
	Following the consummation of the IPO, including the partial exercise by the underwriters of their overallotment option, assuming no exchange of Ares Operating Group Units for common units, Ares Owners Holdings L.P. holds a 42.82% direct interest in the Company, AREC holds a 42.82% direct interest in the Company and the public holds a 14.37% direct interest in the Company.
	Following the consummation of the IPO, including the partial exercise by the underwriters of their overallotment option, Ares Owners Holdings L.P. holds a 72.29% direct and indirect interest in the Ares Operating Group, an affiliate of Alleghany holds a 5.91% direct interest in the Ares Operating Group, AREC holds a 16.32% indirect interest in the Ares Operating Group and the public holds 5.48% indirect interest in the Ares Operating Group.
	The Company intends to conduct all of its material business activities through the Ares Operating Group. Following the IPO, the Company will consolidate the financial results of the Ares Operating Group entities, their consolidated subsidiaries and certain Consolidated Funds. The accompanying statement of financial condition of the Company does not reflect the effect of the reorganization, the IPO and the related transactions which occurred subsequent to the reporting date.

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2014
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	There have been no significant changes to the Company's accounting policies since it filed its audited financial statements for the year ended December 31, 2013. For further information about the Company's accounting policies, refer to our prospectus dated May 1, 2014, filed with the SEC in accordance with Rule 424(b) of the Securities Act of 1933 on May 5, 2014.
	Basis of Accounting—The statement of financial condition has been prepared in accordance with accounting principles generally accepted in the United States of America. Separate statements of operations, changes in equity and cash flows have not been presented in the financial statements because there have been no activities of this entity that would impact those statements.

PARTNERS_CAPITAL

PARTNERS' CAPITAL	3 Months Ended
	Mar. 31, 2014
PARTNERS' CAPITAL	'
PARTNERS' CAPITAL	'
	3. PARTNERS' CAPITAL
	Partners' capital is comprised of a $1,000 contribution from the limited partner of the Company, as of March 31, 2014.

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2014
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
Basis of Accounting	'
	Basis of Accounting—The statement of financial condition has been prepared in accordance with accounting principles generally accepted in the United States of America. Separate statements of operations, changes in equity and cash flows have not been presented in the financial statements because there have been no activities of this entity that would impact those statements.

ORGANIZATION_Details

ORGANIZATION (Details) (Subsequent event, USD $)	7-May-14	1-May-14	Jun. 04, 2014	7-May-14	7-May-14	7-May-14
In Millions, except Share data, unless otherwise specified			Ares Holdings, Inc. and Ares Investments LLC	Ares Holdings, Inc. and Ares Investments LLC	Ares Holdings, Inc. and Ares Investments LLC	Alleghany
					Ares Operating Group	Ares Operating Group
ORGANIZATION	'	'	'	'	'	'
Number of common units Ares Owners Holdings, L.P. holds of Ares Management, L.P.	'	34,540,079	'	'	'	'
Number of common units AREC holds of Ares Management, L.P.	'	34,538,155	'	'	'	'
Ares Owners Holdings, L.P. direct ownership percentage of each of the Ares Operating Group Entities	'	59.21%	'	'	'	'
Number of partnership units Ares Owners Holdings, L.P. of each of the Ares Operating Group Entities	'	118,421,766	'	'	'	'
AREC direct interest percentage in Ares Operating Group Entities	'	0.00%	'	'	'	'
An affiliate of Alleghany Corporation direct ownership percentage of each of the Ares Operating Group Entities	'	6.25%	'	'	'	'
Number of Ares Operating Group Units an affiliate of Alleghany Corporation owns of each of the Ares Operating Group entities	'	12,500,000	'	'	'	'
Common units issued in IPO (in units)	'	'	'	11,363,636	'	'
Price per common units issued in IPO (in dollars per unit)	'	'	'	$19	'	'
Common units issued pursuant to over-allotment option (in units)	'	'	225,794	'	'	'
Price per common units issued pursuant to over-allotment option (in dollars per unit)	'	'	$19	'	'	'
Proceeds from IPO	'	'	$209.20	'	'	'
Maximum ratio for exchange of units	'	'	'	'	4	0.5
Units conversion ratio	'	'	'	'	1	'
Ares Owners Holdings, L.P. ownership percentage of Ares Management, L.P.	42.82%	'	'	'	'	'
ADIA ownership percentage of Ares Management, L.P.	42.82%	'	'	'	'	'
Ownership percentage issued as part of the offering	14.37%	'	'	'	'	'
Ares Owners Holdings, L.P. direct and indirect ownership percentage of Ares Operating Group	72.29%	'	'	'	'	'
Alleghany ownership percentage of Ares Operating Group	5.91%	'	'	'	'	'
AREC indirect ownership percentage of Ares Operating Group	16.32%	'	'	'	'	'
Public's indirect ownership percentage of Ares Operating Group	5.48%	'	'	'	'	'

PARTNERS_CAPITAL_Details

PARTNERS' CAPITAL (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Partner's capital	$1,000	$1,000
Limited partner	'	'
Partner's capital	$1,000	'

Combined_and_Consolidated_Stat

Combined and Consolidated Statements of Financial Condition (USD $)	Mar. 31, 2014	Dec. 31, 2013
Assets	'	'
Total assets	$1,000	$1,000
Ares Holdings, Inc. and Ares Investments LLC and Consolidated Funds	'	'
Assets	'	'
Total assets	22,035,501,000	23,705,384,000
Liabilities	'	'
Total liabilities	14,759,826,000	16,030,319,000
Commitments and contingencies	'	'
Controlling interest in equity of AHI, AI and consolidated subsidiaries	'	'
Total equity	6,112,503,000	6,540,544,000
Total liabilities, redeemable interests, non-controlling interests and equity	22,035,501,000	23,705,384,000
Ares Holdings, Inc. and Ares Investments LLC	'	'
Assets	'	'
Cash and cash equivalents	36,634,000	89,802,000
Restricted cash and cash equivalents	7,657,000	13,344,000
Investments, at fair value	121,608,000	89,438,000
Performance fees receivable	136,430,000	137,682,000
Derivative assets, at fair value	1,132,000	1,164,000
Due from affiliates	119,330,000	108,920,000
Intangible assets, net	59,938,000	68,742,000
Goodwill	60,531,000	58,159,000
Other assets	71,957,000	73,600,000
Liabilities	'	'
Debt obligations	172,119,000	153,119,000
Accounts payable, accrued expenses and other liabilities	63,621,000	67,486,000
Deferred tax liability, net	20,793,000	21,002,000
Performance fee compensation payable	304,015,000	295,978,000
Derivative liabilities, at fair value	2,942,000	2,907,000
Accrued compensation	55,557,000	132,917,000
Due to affiliates	23,312,000	32,690,000
Redeemable interest	43,587,000	40,751,000
Non-controlling interest in Consolidated Funds:	'	'
Non-controlling interest	178,543,000	167,731,000
Controlling interest in equity of AHI, AI and consolidated subsidiaries	'	'
Members' Equity	350,862,000	321,891,000
Common Stock (class A shares, 50,000 authorized, 5,010 issued and outstanding, $0.001 par value)	0	0
Additional paid-in-capital	315,553,000	338,375,000
Retained earnings	-124,408,000	-135,573,000
Accumulated other comprehensive gain	1,262,000	985,000
Total controlling interest in equity of AHI, AI and consolidated subsidiaries	543,269,000	525,678,000
Consolidated Funds	'	'
Assets	'	'
Cash and cash equivalents	1,276,657,000	1,638,003,000
Investments, at fair value	19,485,067,000	20,823,338,000
Derivative assets, at fair value	8,961,000	14,625,000
Due from affiliates	9,930,000	2,010,000
Dividends and interest receivable	170,490,000	133,158,000
Receivable for securities sold	447,263,000	427,871,000
Other assets	21,916,000	25,528,000
Liabilities	'	'
Accounts payable, accrued expenses and other liabilities	66,010,000	95,839,000
Deferred tax liability, net	20,449,000	35,904,000
Derivative liabilities, at fair value	53,643,000	75,115,000
Due to affiliates	2,530,000	2,695,000
Payable for securities purchased	601,349,000	945,115,000
Securities sold short, at fair value	'	1,633,000
CLO loan obligations	11,275,857,000	11,774,157,000
Fund borrowings	1,769,737,000	2,070,598,000
Mezzanine debt	327,892,000	323,164,000
Commitments and contingencies	'	'
Redeemable interest	1,119,585,000	1,093,770,000
Non-controlling interest in Consolidated Funds:	'	'
Non-controlling interest in Consolidated Funds	5,283,933,000	5,691,874,000
Equity appropriated for Consolidated Funds	106,758,000	155,261,000
Non-controlling interest	$5,390,691,000	$5,847,135,000

Combined_and_Consolidated_Stat1

Combined and Consolidated Statements of Financial Condition (Parenthetical) (Ares Holdings, Inc. and Ares Investments LLC, USD $)	Mar. 31, 2014	Dec. 31, 2013
Ares Holdings, Inc. and Ares Investments LLC	'	'
Common stock, shares authorized	50,000	50,000
Common stock, shares issued	5,010	5,010
Common stock, shares outstanding	5,010	5,010
Common stock, par value (in dollars per share)	$0.00	$0.00

Combined_and_Consolidated_Stat2

Combined and Consolidated Statements of Operations (USD $)	3 Months Ended		12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Ares Holdings, Inc. and Ares Investments LLC and Consolidated Funds	'	'	'
Revenues	'	'	'
Management fees (includes ARCC Part I Fees of $28,318 and $23,836 for the periods ended March 31, 2014 and 2013, respectively	$110,549	$78,394	'
Performance fees	16,214	25,154	'
Other fees	6,865	3,989	'
Total revenues	133,628	107,537	'
Expenses	'	'	'
Total expenses	184,130	213,067	'
Other income (expense)	'	'	'
Total other income	325,177	353,114	'
Income before taxes	274,675	247,584	'
Income tax expense (benefit)	-6,695	24,450	'
Net income	281,370	223,134	'
Ares Holdings, Inc. and Ares Investments LLC	'	'	'
Expenses	'	'	'
Compensation and benefits	95,693	71,975	'
Performance fee compensation	40,725	63,002	'
General, administrative and other expenses	38,775	16,982	'
Other income (expense)	'	'	'
Interest and other income	124	651	'
Interest expense	-1,639	-2,425	'
Net realized loss on investments	-66	-1,137	'
Net change in unrealized appreciation on investments	4,146	8,285	'
Less: Net income attributable to non-controlling interests and redeemable non-controlling interests	13,342	12,601	'
Net income attributable to controlling interests in AHI, AI and consolidated subsidiaries	42,847	61,942	'
Consolidated Funds	'	'	'
Expenses	'	'	'
Consolidated Funds expenses	8,937	61,108	'
Other income (expense)	'	'	'
Interest and other income	345,345	311,490	'
Interest expense	-145,042	-125,958	'
Net realized loss on investments	54,965	57,956	'
Net change in unrealized appreciation on investments	67,344	104,252	4,261
Less: Net income attributable to non-controlling interests and redeemable non-controlling interests	$225,181	$148,591	'

Combined_and_Consolidated_Stat3

Combined and Consolidated Statements of Operations (Parenthetical) (Ares Holdings, Inc. and Ares Investments LLC and Consolidated Funds, USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Management fees, part I fees	$110,549	$78,394
Affiliated entity | ARCC	'	'
Management fees, part I fees	$28,318	$23,836

Combined_and_Consolidated_Stat4

Combined and Consolidated Statements of Comprehensive Income (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Ares Holdings, Inc. and Ares Investments LLC and Consolidated Funds	'	'
Net income	$281,370	$223,134
Other comprehensive income (loss):	'	'
Foreign currency translation adjustments	180	-13,764
Other comprehensive income (loss)	180	-13,764
Total comprehensive income	281,550	209,370
Ares Holdings, Inc. and Ares Investments LLC	'	'
Other comprehensive income (loss):	'	'
Less: comprehensive income attributable to non-controlling interests and redeemable interests	-13,424	-12,211
Comprehensive income attributable to controlling interests	43,124	60,996
Consolidated Funds	'	'
Other comprehensive income (loss):	'	'
Less: comprehensive income attributable to non-controlling interests and redeemable interests	($225,002)	($136,163)

Combined_and_Consolidated_Stat5

Combined and Consolidated Statements of Changes in Equity (USD $)	Ares Holdings, Inc. and Ares Investments LLC and Consolidated Funds	Ares Holdings, Inc. and Ares Investments LLC	Ares Holdings, Inc. and Ares Investments LLC	Ares Holdings, Inc. and Ares Investments LLC	Ares Holdings, Inc. and Ares Investments LLC	Ares Holdings, Inc. and Ares Investments LLC	Ares Holdings, Inc. and Ares Investments LLC	Consolidated Funds	Consolidated Funds
In Thousands, unless otherwise specified		Members' Equity	Common Stock	Additional Paid in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Non-controlling interest in AHI, AI and consolidated subsidiaries	Equity Appropriated for Consolidated Funds	Non-Redeemable Non-Controlling Interest in Consolidated Funds
Balance at Dec. 31, 2013	$6,540,544	$321,891	$0	$338,375	($135,573)	$985	$167,731	$155,261	$5,691,874
Increase (Decrease) in Stockholders' Equity	'	'	'	'	'	'	'	'	'
Relinquished with deconsolidation of funds	-354,737	'	'	'	'	'	'	'	-354,737
Contributions	116,958	'	'	'	'	'	'	'	116,958
Distributions	-436,850	-1,514	'	-25,915	'	'	-2,802	'	-406,619
Net income	243,916	30,698	'	'	12,149	'	12,936	-48,007	236,140
Currency translation adjustment	177	'	'	'	'	277	79	-496	317
Revaluation of redeemable equity	-1,638	-259	'	'	-984	'	-395	'	'
Equity compensation	4,133	46	'	3,093	'	'	994	'	'
Balance at Mar. 31, 2014	$6,112,503	$350,862	$0	$315,553	($124,408)	$1,262	$178,543	$106,758	$5,283,933

Combined_and_Consolidated_Stat6

Combined and Consolidated Statements of Cash Flows (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Ares Holdings, Inc. and Ares Investments LLC and Consolidated Funds	'	'
Cash flows from operating activities:	'	'
Net income	$281,370	$223,134
Allocable to non-controlling interest in Consolidated Funds:	'	'
Net cash provided by operating activities	1,009,615	19,814
Cash flows from investing activities:	'	'
Net cash used in investing activities	-4,290	-3,946
Allocable to non-controlling interest in Consolidated Funds:	'	'
Net cash (used in) provided by financing activities	-1,059,049	14,573
Ares Holdings, Inc. and Ares Investments LLC	'	'
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Equity compensation expense	5,339	6,310
Depreciation and amortization	11,120	3,803
Net realized loss on investments	66	1,137
Net change in unrealized appreciation on investments	-4,146	-8,285
Investments purchased	-21,600	-503
Cash proceeds from sale of investments	3,964	375
Allocable to non-controlling interests in Consolidated Funds:	'	'
Net realized gain on investments	66	1,137
Net change in unrealized appreciation on investments	-4,146	-8,285
Cash flows due to changes in operating assets and liabilities:	'	'
Net change in restricted cash	5,687	1,784
Net change in performance fees receivable and payable	12,455	38,662
Net change in due from and due to affiliates	-19,788	-17,712
Net change in other assets	1,142	4,975
Net change in accrued compensation and benefits	-77,360	21,448
Net change in accounts payable, accrued expenses and other liabilities	-4,209	10,766
Net change in deferred taxes	-209	'
Cash flows from investing activities:	'	'
Purchase of furniture, equipment and leasehold improvements, net	-4,290	-3,946
Financing activities:	'	'
Proceeds from issuance of debt obligations	30,000	50,000
Repayments of debt obligations	-11,000	-56,000
Capital distributions	-30,648	-112,395
Allocable to non-controlling interest in Consolidated Funds:	'	'
Repayments under loan obligations by Consolidated Funds	-11,000	-56,000
Effect of exchange rate changes and translation	556	-13,661
Net increase (decrease) in cash and cash-equivalents	-53,168	16,780
Cash and cash-equivalents, beginning of period	89,802	68,456
Cash and cash-equivalents, end of period	36,634	85,236
Supplemental information:	'	'
Cash paid during the period for interest	1,072	1,561
Cash paid during the period for income taxes	4,892	7,047
Consolidated Funds	'	'
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Net realized loss on investments	-54,965	-57,956
Net change in unrealized appreciation on investments	-67,344	-104,252
Allocable to non-controlling interests in Consolidated Funds:	'	'
Receipt of non-cash interest income and dividends from investments	-2,999	-9,671
Net realized gain on investments	-54,965	-57,956
Amortization on debt and investments	-4,672	-13,091
Net change in unrealized appreciation on investments	-67,344	-104,252
Investments purchased	-2,321,820	-4,369,254
Cash proceeds from sale or pay down of investments	3,075,968	4,668,173
Allocable to non-controlling interest in Consolidated Funds:	'	'
Change in cash and cash equivalents held at Consolidated Funds	363,800	-1,065,209
Cash relinquished with deconsolidation of Consolidated Funds	-40,089	'
Change in other assets and receivables held at Consolidated Funds	129,596	-53,486
Change in other liabilities and payables held at Consolidated Funds	-261,691	738,666
Financing activities:	'	'
Proceeds from issuance of debt obligations	44,584	1,683,658
Repayments of debt obligations	-791,091	-1,164,698
Allocable to non-controlling interest in Consolidated Funds:	'	'
Contributions from non-controlling interest holders in Consolidated Funds	158,613	164,452
Distributions to non-controlling interest holders in Consolidated Funds	-459,507	-550,444
Repayments under loan obligations by Consolidated Funds	-791,091	-1,164,698
Cash and cash-equivalents, beginning of period	1,638,003	'
Cash and cash-equivalents, end of period	1,276,657	'
Supplemental information:	'	'
Cash paid during the period for interest	53,807	55,959
Cash paid during the period for income taxes	$1	$6

ORGANIZATION_AND_BASIS_OF_PRES

ORGANIZATION AND BASIS OF PRESENTATION (Ares Holdings, Inc. and Ares Investments LLC)	3 Months Ended
	Mar. 31, 2014
Ares Holdings, Inc. and Ares Investments LLC	'
ORGANIZATION AND BASIS OF PRESENTATION	'
	1. ORGANIZATION AND BASIS OF PRESENTATION
	The accompanying combined and consolidated financial statements include the results of two affiliated entities, Ares Holdings Inc. ("AHI") and Ares Investments LLC ("AI"), which directly or indirectly hold controlling interests in Ares Management LLC ("AM LLC") and Ares Investments Holdings LLC ("AIH LLC"), as well as their wholly owned subsidiaries (collectively the "Company" or "Ares"). Ares Partners Management Company LLC ("APMC") directs the operations of AHI and AI through its controlling ownership interest of approximately 50.1% and 70.3%, respectively, in each entity. The remaining ownership of AHI and AI is shared among various minority non-control-oriented strategic investment partners, whose financial interest in the consolidated and combined results are reflected as non-controlling interests in consolidated subsidiaries.
	AM LLC is a leading global alternative asset management firm that operates four distinct but complementary investment groups: the Tradable Credit Group, the Direct Lending Group, the Private Equity Group and the Real Estate Group. Information about segments should be read together with Note 12, "Segment Reporting." Subsidiaries of AM LLC serve as the general partners and/or investment managers to various investment funds within each investment group (the "Ares Funds"), which are generally organized as pass-through entities for income tax purposes. Such subsidiaries provide investment advisory services to the Ares Funds in exchange for management fees. In addition, AM LLC consolidates the following foreign operating subsidiaries: Ares Management Limited and Ares Asia Management (HK), Ltd.
	AIH LLC is a holding company that primarily holds carried interest and co-investment interests in partnerships and other investment vehicles managed directly or indirectly by Ares.
	In addition, certain Ares-affiliated funds, related co-investment entities and certain collateralized loan obligations ("CLOs") (collectively, the "Consolidated Funds") managed by AM LLC and its wholly owned subsidiaries have been consolidated in the accompanying financial statements for the periods presented pursuant to U.S. generally accepted accounting principles ("U.S. GAAP") as described in Note 2, "Summary of Significant Accounting Policies." Including the results of the Consolidated Funds significantly increases the reported amounts of the assets, liabilities, revenues, expenses and cash flows of the Company; however, the Consolidated Funds results included herein have no direct effect on the net income attributable to controlling interests or on total controlling equity. Instead, economic ownership interests of the investors in the Consolidated Funds are reflected as non-controlling interests in Consolidated Funds and as equity appropriated for Consolidated Funds in the accompanying combined and consolidated financial statements.
	The accompanying combined and consolidated financial statements have been prepared in accordance with U.S. GAAP for interim financial information. These statements and notes have not been audited, exclude some of the disclosures required for annual audited financial statements and should be read in conjunction with the audited combined and consolidated financial statements and notes for the year ended December 31, 2013, included in Ares Management, L.P.'s final prospectus dated May 1, 2014 filed with the Securities and Exchange Commission in accordance with Rule 424(b) of the Securities Act of 1933 on May 5, 2014. The operating results presented for interim periods are not necessarily indicative of the results that may be expected for any other interim period or for the entire year. In the opinion of management, the combined and consolidated financial statements reflect all adjustments, consisting of normal recurring accruals, which are necessary for the fair presentation of the financial condition and results of operations for the interim periods presented.
	The accompanying combined and consolidated financial statements of AHI and AI reflect the predecessor entities, and do not reflect the effect of the reorganization, the initial public offering and the related transactions which occurred in May 2014. Refer to Note 13, "Subsequent Events" for more information.

SUMMARY_OF_SIGNIFICANT_ACCOUNT2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2014
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	There have been no significant changes to the Company's accounting policies since it filed its audited financial statements for the year ended December 31, 2013. For further information about the Company's accounting policies, refer to our prospectus dated May 1, 2014, filed with the SEC in accordance with Rule 424(b) of the Securities Act of 1933 on May 5, 2014.
	Basis of Accounting—The statement of financial condition has been prepared in accordance with accounting principles generally accepted in the United States of America. Separate statements of operations, changes in equity and cash flows have not been presented in the financial statements because there have been no activities of this entity that would impact those statements.
Ares Holdings, Inc. and Ares Investments LLC	'
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	There have been no significant changes to the Company's accounting policies since it filed its audited financial statements for the year ended December 31, 2013. For further information about the Company's accounting policies, refer to our prospectus dated May 1, 2014, filed with the SEC in accordance with Rule 424(b) of the Securities Act of 1933 on May 5, 2014.
	Principles of Consolidation
	The Company consolidates those entities in which it has a direct and indirect controlling financial interest based on either a variable interest model or voting interest model. As such, the Company consolidates (a) entities in which it holds a majority voting interest or has majority ownership and control over the operational, financial and investing decisions of that entity, including Ares-affiliates and affiliated funds and co-investment entities for which the Company is the general partner and is presumed to have control and (b) entities that the Company concludes are variable interest entities ("VIEs"), including limited partnerships in which the Company has a nominal economic interest and CLOs for which the Company is deemed to be the primary beneficiary.
	With respect to the Consolidated Funds, which typically represent limited partnerships and single member limited liability companies, the Company earns a fixed management fee based on invested capital or a derivation thereof, and a performance fee based upon the investment returns in excess of a stated benchmark or hurdle rate. The Company, as the general partner of various funds, generally has operational discretion and control, and limited partners have no substantive rights to impact ongoing governance and operating activities of the fund. Such a fund is required to be consolidated unless the Company has a less than significant level of equity at risk. The fund is typically considered a VIE as described below, to the extent that the Company's equity at risk is less than significant in a given fund and it has no obligation to fund any future losses. In these cases, the fund investors are generally deemed to be the primary beneficiaries, and the Company does not consolidate the fund. In cases where the Company's equity at risk is deemed to be significant, the fund is generally not considered to be a VIE, and the Company will generally consolidate the fund unless the limited partners are granted substantive rights to remove the general partner or liquidate the partnership, also known as kick-out rights.
	Variable Interest Model.    The Company consolidates entities that are determined to be VIEs where the Company is deemed to be the primary beneficiary. An entity is determined to be the primary beneficiary if it holds a controlling financial interest. A controlling financial interest is defined as (a) the power to direct the activities of a VIE that most significantly impact the entity's business and (b) the obligation to absorb losses of the entity or the right to receive benefits from the entity that could potentially be significant to the VIE. The consolidation rules, which were revised effective January 1, 2010, require an analysis to determine whether (i) an entity in which the Company holds a variable interest is a VIE and (ii) the Company's involvement, through holding interests directly or indirectly in the entity or contractually through other variable interests (e.g., management and performance related fees), would give the Company a controlling financial interest. The consolidation rules may be deferred for VIEs if the VIE and the reporting entity's interest in VIE meet deferral conditions set forth in FASB Accounting Standards Codification ("ASC") 810-10-65-2. Certain limited partnerships meet the deferral conditions if: (a) the limited partnerships generally have all the attributes of an investment company, (b) the Company does not have the obligation to fund losses of the limited partnership and (c) the limited partnership is not a securitization, asset-backed financing entity or qualifying special purpose vehicle. Where a VIE qualifies for the deferral of the consolidation rules, the analysis is based on consolidation rules prior to January 1, 2010. These rules require an analysis to determine (i) whether an entity in which the Company holds a variable interest is a VIE and (ii) whether the Company's involvement, through holding interests directly or indirectly in the entity or contractually through other variable interests (e.g., management and performance related fees) would be expected to absorb a majority of the variability of the entity. Under either guideline, the Company determines whether it is the primary beneficiary of a VIE at the time it becomes involved with a VIE and reconsiders the conclusion at each reporting date. In evaluating whether the Company is the primary beneficiary, the Company evaluates its direct and indirect economic interests in the entity. The consolidation analysis is generally performed qualitatively; however, if the primary beneficiary is not readily determinable, a quantitative assessment may also be performed. This analysis requires judgment. These judgments include: (1) determining whether the equity investment at risk is sufficient to permit the entity to finance its activities without additional subordinated financial support, (2) evaluating whether the equity holders, as a group, can make decisions that have a significant effect on the success of the entity, (3) determining whether two or more parties' equity interests should be aggregated, (4) determining whether the equity investors have proportionate voting rights to their obligations to absorb losses or rights to receive returns from an entity, (5) evaluating the nature of relationships and activities of the parties involved in determining which party within a related-party group is most closely associated with a VIE and (6) estimating cash flows in evaluating which member within the equity group absorbs a majority of the expected losses and hence would be deemed the primary beneficiary.
	Certain funds that have historically been consolidated in the financial statements are no longer consolidated because, as of the reporting period, they were: (a) liquidated, (b) the Company no longer holds a majority voting interest or (c) the Company is no longer deemed to be the primary beneficiary of the VIEs as it has no economic interest, no obligation to absorb losses and no rights to receive benefits from the VIEs.
	Basis of Accounting
	The accompanying financial statements are prepared in accordance with U.S. GAAP. Management has determined that the Company's Consolidated Funds are investment companies under U.S. GAAP for the purposes of financial reporting based on the following characteristics: the Consolidated Fund obtains funds from one or more investors and provides investment management services, and the Consolidated Fund's business purpose and substantive activities are investing funds for returns from capital appreciation and/or investment income. Therefore, U.S. GAAP for an investment company requires investments to be recorded at fair value and the unrealized appreciation (depreciation) in an investment's fair value is recognized on a current basis in the Combined and Consolidated Statements of Operations. Additionally, the Consolidated Funds do not consolidate their majority-owned and controlled investments in portfolio companies. In the preparation of these combined and consolidated financial statements, the Company has retained the specialized accounting guidance for the Consolidated Funds under U.S. GAAP.
	All of the investments held and CLO loan obligations issued by the Consolidated Funds are presented at their estimated fair values in the Company's Combined and Consolidated Statements of Financial Condition. The excess of the CLO assets over the CLO liabilities upon consolidation is reflected in the Company's Combined and Consolidated Statements of Financial Condition as equity appropriated for Consolidated Funds. Net income attributable to the investors in the CLOs is included in net income (loss) attributable to non-controlling interests in consolidated entities in the Combined and Consolidated Statements of Operations and equity appropriated for Consolidated Funds in the Combined and Consolidated Statements of Financial Condition.
	Use of Estimates
	The preparation of financial statements in conformity with U.S. GAAP requires management to make assumptions and estimates that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Management's estimates are based on historical experiences and other factors, including expectations of future events that management believes to be reasonable under the circumstances. These assumptions and estimates require management to exercise judgment in the process of applying the Company's accounting policies. Assumptions and estimates regarding the valuation of investments and their resulting impact on performance fee revenue and performance fee compensation involve a higher degree of judgment and complexity, and these assumptions and estimates may be significant to the combined and consolidated financial statements. Actual results could differ from these estimates and such differences could be material. Certain comparative amounts for prior periods have been reclassified to conform with the current year's presentation.
	Goodwill and Intangible Assets
	The Company's finite-lived intangible assets consist of contractual rights to earn future management fees and performance fees from investment funds it acquires. Finite-lived intangibles are amortized on a straight-line basis over their estimated useful lives, ranging from approximately 1 to 10 years. Finite-lived intangible assets arise from the Company's acquisition of management contracts, which provide the right to receive future fee income. The purchase price is treated as an intangible asset and is amortized over the life of the contracts. Amortization is included as part of general, administrative and other expense in the Combined and Consolidated Statements of Operations.
	The Company tests finite-lived intangibles for impairment if certain events occur or circumstances change that indicate the carrying amount of an intangible may not be recoverable. The Company will use a two-step process to evaluate impairment. The first step compares the estimated undiscounted future cash flow attributable to the intangible being evaluated with its carrying amount. The second step, used to measure the amount of potential impairment, compares the fair value of the intangible with their carrying amount.
	The Company tests goodwill annually for impairment. If, after assessing qualitative factors, the Company believes that it is more likely than not that the fair value of the reporting unit is less than its carrying value, the Company will use a two-step process to evaluate impairment. The first step compares the fair value of the reporting unit with its carrying amount, including goodwill. The second step, used to measure the amount of any potential impairment, compares the implied fair value of the reporting unit with the carrying amount of goodwill.
	The Company also tests goodwill for impairment in other periods if an event occurs or circumstances change such that is more likely than not to reduce the fair value of the reporting unit below its carrying amounts. Inherent in such fair value determinations are certain judgments and estimates relating to future cash flows, including the Company's interpretation of current economic indicators and market valuations, and assumptions about the Company's strategic plans with regard to its operations. Due to the uncertainties associated with such estimates, actual results could differ from such estimates.
	Goodwill is not amortized and is not deductible for income tax purposes.
	Recent Accounting Pronouncements
	In June 2013, FASB issued guidance to clarify the characteristics of an investment company and to provide guidance for assessing whether an entity is an investment company. Consistent with existing guidance for investment companies, all investments are to be measured at fair value including non-controlling ownership interests in other investment companies. There are no changes to the current requirements relating to the retention of specialized accounting in the consolidated financial statements of a non-investment company parent. The guidance is effective for interim and annual periods beginning after December 15, 2013. The Company adopted this guidance as of January 1, 2014, and the adoption did not have a material impact on its financial statements.
	In July 2013, FASB issued guidance to eliminate the diversity in practice on the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss or a tax credit carryforward exists. Under the new guidance, an unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss or a tax credit carry forward, with exceptions as defined. The guidance does not require new recurring disclosures. The guidance applies to all entities that have unrecognized tax benefits when a net operating loss carryforward, a similar tax loss or a tax credit carryforward exists at the reporting date. The guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. The Company adopted this guidance as of January 1, 2014, and the adoption did not have a material impact on its financial statements.
	In May 2014, FASB and International Accounting Standards Board (IASB) jointly issued a new revenue recognition standard that will improve financial reporting by creating common recognition guidance for U.S. GAAP and International Financial reporting Standard ("IFRS"). The standard affects any entity using U.S. GAAP that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards (e.g., insurance contracts or lease contracts). It will supersede the revenue recognition requirements in Topic 605, Revenue Recognition, and most industry-specific guidance. It will also supersede some cost guidance included in Subtopic 605-35, Revenue Recognition—Construction-Type and Production-Type Contracts. In addition, the existing requirements for the recognition of a gain or loss on the transfer of nonfinancial assets that are not in a contract with a customer (e.g., assets within the scope of Topic 360, Property, Plant, and Equipment, and intangible assets within the scope of Topic 350, Intangibles—Goodwill and Other) are amended to be consistent with the guidance on recognition and measurement (including the constraint on revenue) in this standard. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early application is not permitted. The Company continues to evaluate the impact this guidance will have on its financial statements.

GOODWILL_AND_INTANGIBLE_ASSETS

GOODWILL AND INTANGIBLE ASSETS (Ares Holdings, Inc. and Ares Investments LLC)	3 Months Ended
	Mar. 31, 2014
Ares Holdings, Inc. and Ares Investments LLC	'
GOODWILL AND INTANGIBLE ASSETS	'
	3. GOODWILL AND INTANGIBLE ASSETS
	Business Combinations
	During the three months ended March 31, 2014, the Company re-evaluated one of the leases assumed in connection with its acquisition of AREA Management Holdings, LLC ("AREA"). Based upon remaining lease payments, the Company determined that the lease payments were in excess of current market conditions. The Company recorded an unfavorable lease liability of $2.3 million with a corresponding increase to goodwill. The unfavorable lease liability represents the difference between the discounted cash flows associated with the remaining lease payments and the lease payments for a similar lease at current market rates and is amortized on a straight-line basis over the term of the lease agreements. The amount of the unfavorable lease amortization for the three months ended March 31, 2014 was $0.4 million and is presented within general, administrative and other expenses within the Combined and Consolidated Statement of Operations.
	There were no impairments of goodwill recorded as of March 31, 2014.
	During the three months ended March 31, 2014, in connection with the termination of certain management contracts within its Tradable Credit Group, the Company evaluated for impairment certain intangible assets associated with acquired management fees and performance fees contracts. The Company determined the fair value of these intangibles was zero because no future cash flows are expected from these contracts. As a result, the Company recorded amortization expense of $3.0 million to remove the remaining carrying value of the related intangibles.

INVESTMENTS

INVESTMENTS (Ares Holdings, Inc. and Ares Investments LLC)	3 Months Ended
	Mar. 31, 2014
Ares Holdings, Inc. and Ares Investments LLC	'
INVESTMENTS	'
	4. INVESTMENTS
	Investments are comprised of (a) the investments held by AIH LLC at fair value and (b) investments held by the Consolidated Funds at fair value.
	Investments held by AIH LLC are summarized below:
		Fair value at					Fair value as a
							percentage of total
							investments at
		March 31,		December 31,			March 31,			December 31,
		2014		2013			2014			2013
	Private Investment Partnership Interests:
	Ares Credit Strategies Fund II, L.P.	$	884	$	1,998			0.7	%		2.2	%
	Ares Credit Strategies Fund III, L.P.		18		—			0	%		—
	Ares Strategic Investment Partners, L.P.		77		—			0.1	%		—
	Ares Strategic Investment Partners III, L.P.		2,757		2,714			2.3	%		3	%
	Ares Corporate Opportunities Fund, L.P.(1)		1,116		1,009			0.9	%		1.1	%
	Ares Special Situations Fund III, L.P.		26,235		24,253			21.6	%		27.2	%
	Ares SSF Riopelle, L.P.		2,223		—			1.8	%		—
	Ares Enhanced Loan Investment Strategy IX, L.P.		517		512			0.4	%		0.6	%
	Ares Europe CSF Fund (C) LP		581		301			0.5	%		0.3	%
	Ares Multi-Strategy Credit Fund V (H), L.P.		1,054		1,022			0.9	%		1.1	%
	AREA European Property Enhancement Program L.P.		1,344		1,735			1.1	%		1.9	%
	AREA Sponsor Holdings LLC		32,294		31,560			26.6	%		35.4	%
	Resolution Life L.P.		39,955		21,846			32.8	%		24.4	%
	Ares Strategic Real Estate Program—HHC, LLC		1,256		1,227			1	%		1.4	%
	Ares Capital Europe II (D), L.P.		10,010		—			8.2	%		—
	Ares Capital Europe II (E), L.P.		21		—			0	%		—
	Total private investment partnership interests (cost: $96,023 and $68,580 at March 31, 2014 and December 31, 2013, respectively)		120,342		88,177			98.9	%		98.6	%
	Common Stock:
	Ares Multi-Strategy Credit Fund, Inc.		92		89			0.1	%		0.1	%
	Total common stock (cost: $100 and $100 at March 31, 2014 and December 31, 2013, respectively)		92		89			0.1	%		0.1	%
	Corporate Bonds:
	Ares Commercial Real Estate Corporation Convertible Senior Notes		1,174		1,172			1	%		1.3	%
	Total corporate bond (cost: $1,150 and $1,150, at March 31, 2014 and December 31, 2013, respectively)		1,174		1,172			1	%		1.3	%
	Total investments (cost: $97,273 and $69,830 at March 31, 2014 and December 31, 2013, respectively)	$	121,608	$	89,438			100	%		100	%
	-1
	Security represents the sole underlying investment within ACOF Co-Investors LLC.
	Investments held in the Consolidated Funds are summarized below:
		Fair value at					Fair value as a
							percentage of total
							investments at
		March 31,		December 31,			March 31,			December 31,
		2014		2013			2014			2013
	United States:
	Fixed income securities:
	Consumer discretionary	$	4,036,222	$	4,146,611			20.8	%		20	%
	Consumer staples		179,326		338,735			0.9	%		1.6	%
	Energy		507,527		535,857			2.6	%		2.6	%
	Financials		579,374		544,879			3	%		2.6	%
	Healthcare, education and childcare		1,072,158		1,176,418			5.5	%		5.6	%
	Industrials		2,009,958		2,038,390			10.4	%		9.8	%
	Information technology		490,988		542,377			2.5	%		2.6	%
	Materials		338,512		463,864			1.7	%		2.2	%
	Telecommunication services		1,119,397		1,153,691			5.7	%		5.5	%
	Utilities		235,137		222,410			1.2	%		1.1	%
	Total fixed income securities (cost: $10,511,946 and $11,071,982, at March 31, 2014 and December 31, 2013, respectively)		10,568,599		11,163,232			54.3	%		53.6	%
	Equity securities:
	Consumer discretionary		2,327,631		2,464,520			12	%		11.9	%
	Consumer staples		252,157		201,059			1.3	%		1	%
	Energy		191,165		193,946			1	%		1	%
	Financials		7,069		6,172			0	%		0	%
	Healthcare, education and childcare		316,317		296,817			1.6	%		1.5	%
	Industrials		133,071		134,544			0.7	%		0.6	%
	Materials		1		31			0	%		0	%
	Partnership and LLC interests		43,993		41,001			0.2	%		0.2	%
Telecommunication services		32,934		51,921			0.2	%		0.2	%
Total equity securities (cost: $2,548,496 and $2,733,448 at March 31, 2014 and December 31, 2013, respectively)		3,304,338		3,390,011			17	%		16.4	%
	Fair value at					Fair value as a
						percentage of total
						investments at
	March 31,		December 31,			March 31,			December 31,
	2014		2013			2014			2013
Europe:
Fixed income securities:
Consumer discretionary		1,381,696		1,858,364			7.2	%		8.9	%
Consumer staples		189,839		175,440			1	%		0.8	%
Energy		17,293		4,906			0.1	%		0	%
Financials		434,952		322,355			2.2	%		1.5	%
Healthcare, education and childcare		341,277		410,726			1.8	%		2	%
Industrials		442,971		485,243			2.3	%		2.3	%
Information technology		106,368		140,976			0.5	%		0.7	%
Materials		295,924		328,867			1.5	%		1.6	%
Telecommunication services		881,047		944,800			4.5	%		4.5	%
Utilities		7,205		37,001			0	%		0.2	%
Total fixed income securities (cost: $4,023,703 and $4,747,808 at March 31, 2014 and December 31, 2013, respectively)		4,098,572		4,708,678			21.1	%		22.5	%
Equity securities:
Consumer discretionary		9,924		10,686			0.1	%		0.1	%
Consumer staples		762		668			0	%		0	%
Healthcare, education and childcare		28,075		28,607			0.1	%		0.1	%
Industrials		86		8,595			0	%		0	%
Materials		34		773			0	%		0	%
Telecommunication services		1,937		1,524			0	%		0	%
Total equity securities (cost: $79,206 and $83,277 at March 31, 2014 and December 31, 2013, respectively)		40,818		50,853			0.2	%		0.2	%
Asia and other:
Fixed income securities:
Consumer discretionary		41,216		43,538			0.2	%		0.2	%
Financials		457,245		456,463			2.3	%		2.2	%
Healthcare, education and childcare		14,543		14,556			0.1	%		0.1	%
Information Technology		22,247		22,012			0.1	%		0.1	%
Materials		16,212		15,885			0.1	%		0.1	%
Telecommunication services		80,872		81,978			0.4	%		0.4	%
Total fixed income securities (cost: $570,815 and $593,188, at March 31, 2014 and December 31, 2013, respectively)		632,335		634,432			3.2	%		3.1	%
Equity securities:
Consumer staples		30,874		77,572			0.2	%		0.4	%
Healthcare, education and childcare		33,610		23,493			0.2	%		0.1	%
Materials		52,947		52,947			0.3	%		0.3	%
Partnership and LLC interests		8,825		—			0	%		0.3	%
Utilities		10,203		4,724			0.1	%		0	%
Total equity securities (cost: $118,859 and $135,631 at March 31, 2014 and December 31, 2013, respectively)		136,459		158,736			0.8	%		0.8	%
	Fair value at					Fair value as a
						percentage of total
						investments at
	March 31,		December 31,			March 31,			December 31,
	2014		2013			2014			2013
Canada:
Fixed income securities:
Consumer discretionary		113,336		121,132			0.6	%		0.6	%
Energy		92,273		87,469			0.5	%		0.4	%
Healthcare, education and childcare		78,570		104,464			0.4	%		0.5	%
Industrials		16,308		16,331			0.1	%		0.1	%
Telecommunication services		143,770		142,374			0.7	%		0.7	%
Total fixed income securities (cost: $448,124 and $480,231at March 31, 2014 and December 31, 2013, respectively)		444,257		471,770			2.3	%		2.3	%
Equity securities:
Consumer discretionary		901		892			0	%		0	%
Energy		34,125		51,187			0.2	%		0.2	%
Total equity securities (cost: $75,256 and $75,256 at March 31, 2014 and December 31, 2013, respectively)		35,026		52,079			0.2	%		0.2	%
Australia:
Fixed income securities:
Consumer discretionary		—		203			—			0	%
Energy		43,433		—			0	%		—
Industrials		97,605		99,376			0.5	%		0.5	%
Telecommunication services				—			—			—
Utilities		67,715		68,513			0.3	%		0.3	%
Total fixed income securities (cost: $208,979 and $169,831 at March 31, 2014 and December 31, 2013, respectively)		208,753		168,092			0.8	%		0.8	%
Equity Securities:
Telecommunication services		10,860		16,102			0.1	%		0.1	%
Utilities		5,050		9,353			0	%		0	%
Total equity securities (cost: $22,545 and $30,140 at March 31, 2014 and December 31, 2013, respectively)		15,910		25,455			0.1	%		0.1	%
Total fixed income securities		15,952,516		17,146,204			81.7	%		82.3	%
Total equity securities		3,532,551		3,677,134			18.3	%		17.7	%
Total Investments, at fair value	$	19,485,067	$	20,823,338			100	%		100	%
Securities sold short, at fair value	$	—	$	(1,633	)
At March 31, 2014 and December 31, 2013, no single issuer or investment, including derivative instruments and underlying portfolio investments of the Consolidated Funds, had a fair value that exceeded 5.0% of the Company's total consolidated net assets.

FAIR_VALUE

FAIR VALUE (Ares Holdings, Inc. and Ares Investments LLC)	3 Months Ended
	Mar. 31, 2014
Ares Holdings, Inc. and Ares Investments LLC	'
FAIR VALUE	'
	5. FAIR VALUE
	U.S. GAAP establishes a hierarchal disclosure framework which prioritizes the inputs used in measuring financial instruments at fair value into three levels based on their market observability. Market price observability is affected by a number of factors, including the type of instrument and the characteristics specific to the instrument. Financial instruments with readily available quoted prices from an active market or for which fair value can be measured based on actively quoted prices generally will have a higher degree of market price observability and a lesser degree of judgment inherent in measuring fair value.
	Financial assets and liabilities measured and reported at fair value are classified as follows:
	•
	Level I—Quoted unadjusted prices for identical instruments in active markets to which the Company has access at the date of measurement.
	•
	Level II—Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs are directly or indirectly observable. Level II inputs include prices in markets for which there are few transactions, prices that are not current, prices for which little public information exists or prices that vary substantially over time or among brokered market makers. Other inputs include interest rates, yield curves, volatilities, prepayment risks, loss severities, credit risks and default rates.
	•
	Level III—Model-derived valuations for which one or more significant inputs are unobservable. These inputs reflect the Company's assessment of the assumptions that market participants use to value the investment based on the best available information.
	In some instances, an instrument may fall into different levels of the fair value hierarchy. In such instances, the instrument's level within the fair value hierarchy is based on the lowest of the three levels (with Level III being the lowest) that is significant to the fair value measurement. The Company's assessment of the significance of an input requires judgment and considers factors specific to the instrument. The Company accounts for the transfer of assets into or out of each fair value hierarchy level as of the beginning of the reporting period.
	Investment / Liability Valuations
	The valuation techniques used by the Company to measure fair value maximize the use of observable inputs and minimize the use of unobservable inputs. The valuation techniques applied to the Consolidated Funds and AIH LLC vary depending on the nature of the investment.
	CLO loan obligations:    The Company has elected the fair value option to measure the CLO loan obligations at fair value as the Company has determined that measurement of the loan obligations issued by the CLOs at fair value better correlates with the value of the assets held by the CLOs, which are held to provide the cash flows for the note obligations.
	The fair value of CLO liabilities is estimated based on various valuation models of third party pricing services as well as internal models. The valuation models generally utilize discounted cash flows and take into consideration prepayment and loss assumptions, based on historical experience and projected performance, economic factors, the characteristics and condition of the underlying collateral, comparable yields for similar securities and recent trading activity. These securities are classified as Level III.
	Corporate debt, bonds, bank loans, securities sold short and derivative instruments:    The fair value of corporate debt, bonds, bank loans, securities sold short and derivative instruments is estimated based on quoted market prices, dealer quotations or alternative pricing sources supported by observable inputs. These investments are generally classified within Level II. The Company obtains prices from independent pricing services that generally utilize broker quotes and may use various other pricing techniques which take into account appropriate factors such as yield, quality, coupon rate, maturity, type of issue, trading characteristics and other data. If the pricing services are only able to obtain a single broker quote or utilize a pricing model, such securities will be classified as Level III. If the pricing services are unable to provide prices, the Company will attempt to obtain one or more broker quotes directly from a dealer, price such securities at the last bid price obtained and classify such securities as Level III.
	Equity and equity-related securities:    Securities traded on a national securities exchange are stated at the last reported sales price on the day of valuation. To the extent these securities are actively traded and valuation adjustments are not applied, they are classified as Level I. Securities that trade in markets that are not considered to be active but are valued based on quoted market prices, dealer quotations or alternative pricing sources supported by observable inputs obtained by the Company from independent pricing services are classified as Level II.
	Partnership interests:    In accordance with ASU 2009-12, Investments in Certain Entities that Calculate Net Asset Value per Share (or its Equivalent), the Company generally values its investments using the net asset value ("NAV") per share equivalent calculated by the investment manager as a practical expedient to determining an independent fair value or estimates based on various valuation models of third-party pricing services, as well as internal models. Such valuations are classified as Level II to the extent the investments are currently redeemable; if the investments are subject to a lock-up period, they are classified as Level III.
	Certain investments of AIH and the Consolidated Funds are valued at NAV per share of the fund. In limited circumstances, the Company may determine, based on its own due diligence and investment procedures, that NAV per share does not represent fair value. In such circumstances, the Company will estimate the fair value in good faith and in a manner that it reasonably chooses, in accordance with the requirements of GAAP. However, for the three months ended March 31, 2014, the Company believes that NAV per share represents the fair value of the investments.
	The substantial majority of the Company's comingled funds are closed-ended, and accordingly, do not permit investors to redeem their interest other than in limited circumstances that are beyond the control of the Company, such as instances in which retaining the limited partnership interest could cause the limited partner to violate a law, regulation or rule. Investors in open ended and evergreen funds generally have the right to withdraw their capital, subject to the terms of the respective limited partnership agreements, over periods ranging from one month to three years. In addition, separately managed investment vehicles for a single fund investor may allow such investors to terminate the fund at the discretion of the investor pursuant to the terms of the applicable constituent documents of such vehicle.
	In the absence of observable market prices, the Company values Level III investments using consistent valuation methodologies, typically market- or income-based approaches. The main inputs into the Company's valuation model for Level III securities include earnings multiples (based on the historical earnings of the issuer) and discounted cash flows. The Company may also consider original transaction price, recent transactions in the same or similar instruments, completed third-party transactions in comparable instruments and other liquidity, credit and market risk factors. The quarterly valuation process for Level III investments begins with each investment or loan being valued by the investment or valuation teams. The valuations are then reviewed and approved by the valuation committee, which consists of senior members of the investment team and other senior managers. All Level III investment values are ultimately approved by the valuation committees and designated investment professionals. For certain investments, the valuation process also includes a review by independent valuation parties, at least annually, to determine whether the fair values determined by management are reasonable. Results of the valuation process are evaluated each quarter, including an assessment of whether the underlying calculations should be adjusted. In connection with this process, the Company evaluates changes in fair-value measurements from period to period for reasonableness, considering items such as industry trends, general economic and market conditions and factors specific to the investment.
	Certain Level III assets are valued using prices obtained from brokers or pricing vendors. The Company obtains an average of one to two broker non-binding quotes. The Company seeks to obtain at least one quote directly from a broker making a market for the asset and one price from a pricing vendor for each security or similar securities. These investments are classified as Level III because the quoted prices may be indicative in nature for securities that are in an inactive market, may be for similar securities or may require adjustment for investment-specific factors or restrictions. Generally, the Company does not adjust any of the prices received from these sources but material prices are reviewed against the Company's valuation models with a limited exception for securities that are deemed to have no value. The Company evaluates the prices obtained from brokers and pricing vendors based on available market information, including trading activity of the subject or similar securities or by performing a comparable security analysis to ensure that fair values are reasonably estimated. The Company may also perform back-testing of valuation information obtained from brokers and pricing vendors against actual prices received in transactions to validate pricing discrepancies. In addition to on-going monitoring and back-testing, the Company performs due diligence procedures over pricing vendors to understand their methodology and controls to support their use in the valuation process and to ensure compliance with required accounting disclosures.
	Fair Value of Financial Instruments Held by the Company and Consolidated Funds
	The table below summarizes the valuation of investments and other financial instruments by fair value hierarchy levels as of March 31, 2014:
	Investments of the Company
		Level I			Level II			Level III			Total
	Investments, at fair value
	Equity securities	$	92		$	—		$	—		$	92
	Bonds		—			1,174			—			1,174
	Partnership interests		—			—			120,342			120,342
	Total investments, at fair value		92			1,174			120,342			121,608
	Derivative assets, at fair value
	Forward foreign currency contracts		—			367			—			367
	Purchased option contracts		—			765			—			765
	Total derivative assets, at fair value		—			1,132			—			1,132
	Total	$	92		$	2,306		$	120,342		$	122,740
	Derivative liabilities, at fair value
	Forward foreign currency contracts	$	—		$	(1,745	)	$	—		$	(1,745	)
	Interest rate contracts		—			(1,197	)		—			(1,197	)
	Total derivative liabilities, at fair value	$	—		$	(2,942	)	$	—		$	(2,942	)
	The table below summarizes the valuation of investments and other financial instruments by fair value hierarchy levels as of March 31, 2014:
	Investments of Consolidated Funds
		Level I			Level II			Level III			Total
	Investments, at fair value
	Equity securities	$	112,075		$	538,158		$	2,825,221		$	3,475,454
	Bonds		—			1,466,070			1,477,844			2,943,914
	Loans		—			11,448,952			983,174			12,432,126
	Collateralized loan obligations		—			—			567,846			567,846
	Partnership interests		—			—			43,993			43,993
	Other		—			19,141			2,593			21,734
	Total investments, at fair value		112,075			13,472,321			5,900,671			19,485,067
	Derivative assets, at fair value
	Interest rate contracts		—			0			—			0
	Credit contracts		—			6,272			2,330			8,602
	Equity contracts		—			244			—			244
	Foreign exchange contracts		—			115			—			115
	Total derivative assets, at fair value		—			6,631			2,330			8,961
	Total	$	112,075		$	13,478,952		$	5,903,001		$	19,494,028
	Derivative liabilities, at fair value
	Forward foreign currency contracts	$	—		$	(2,544	)	$	—		$	(2,544	)
	Written options		—			—			(78	)		(78	)
	Credit contracts		—			(39,177	)		(9,299	)		(48,476	)
	Interest rate swaps		—			(2,545	)		—			(2,545	)
	Total derivative liabilities, at fair value		—			(44,266	)		(9,377	)		(53,643	)
Loan obligations of CLOs(1)		—			—			(11,066,253	)		(11,066,253	)
Total liabilities	$	—		$	(44,266	)	$	(11,075,630	)	$	(11,119,896	)
-1
Ares Enhanced Loan Investment Strategy II, Ltd. has not elected to fair value its loan obligation and is therefore carried at cost of $209,604.
The table below summarizes the valuation of investments and other financial instruments by fair value hierarchy levels as of December 31, 2013:
Investments of the Company
	Level I			Level II			Level III			Total
Investments, at fair value
Equity securities	$	89		$	—		$	—		$	89
Bonds		—			1,172			—			1,172
Partnership interests		—			—			88,177			88,177
Total investments, at fair value		89			1,172			88,177			89,438
Derivative assets, at fair value
Forward foreign currency contracts		—			247			—			247
Purchased option contracts		—			917			—			917
Total derivative assets, at fair value		—			1,164			—			1,164
Total	$	89		$	2,336		$	88,177		$	90,602
Derivative liabilities, at fair value
Forward foreign currency contracts	$	—		$	(1,653	)	$	—		$	(1,653	)
Interest rate contracts		—			(1,254	)		—			(1,254	)
Total derivative liabilities, at fair value	$	—		$	(2,907	)	$	—		$	(2,907	)
The table below summarizes the valuation of investments and other financial instruments by fair value hierarchy levels as of December 31, 2013:
Investments of Consolidated Funds
	Level I			Level II			Level III			Total
Investments, at fair value
Equity securities	$	166,535		$	482,568		$	2,958,232		$	3,607,335
Bonds		—			1,576,942			2,052,984			3,629,926
Loans		—			11,868,584			1,058,635			12,927,219
Collateralized loan obligations		—			65,405			515,534			580,939
Partnership interests		—			—			41,001			41,001
Other		—			34,546			2,372			36,918
Total investments, at fair value		166,535			14,028,045			6,628,758			20,823,338
Derivative assets, at fair value
Interest rate contracts		—			8			—			8
Credit contracts		—			2,651			—			2,651
Equity contracts		—			179			—			179
Foreign exchange contracts		—			8,652			—			8,652
Other financial instruments		—			—			3,135			3,135
Total derivative assets, at fair value		—			11,490			3,135			14,625
Total	$	166,535		$	14,039,535		$	6,631,893		$	20,837,963
Derivative liabilities, at fair value
Forward foreign currency contracts	$	—		$	(38,594	)	$	(899	)	$	(39,493	)
Written options		—			(34	)		—			(34	)
Credit contracts		—			(25,754	)		(1,633	)		(27,387	)
Interest rate swaps		—			(3,703	)		(371	)		(4,074	)
Other financial instruments		—			(175	)		(3,952	)		(4,127	)
Total derivative liabilities, at fair value		—			(68,260	)		(6,855	)		(75,115	)
Loan obligations of CLOs(1)		—			—			(11,534,956	)		(11,534,956	)
Securities sold short, at fair value		—			(1,633	)		—			(1,633	)
Total liabilities	$	—		$	(69,893	)	$	(11,541,811	)	$	(11,611,704	)
-1
Ares Enhanced Loan Investment Strategy II, Ltd. has not elected to fair value its loan obligation and is therefore carried at cost of $239,201.
The following tables set forth a summary of changes in the fair value of the Level III investments for the three months ended March 31, 2014:
	For the Three Months Ended March 31, 2014
	Investments of AIH LLC
	Fixed Income			Partnership Interests			Total
Balance, beginning of period	$	—		$	88,177		$	88,177
Initial consolidation of new funds		—			9,951			9,951
Transfer out		—			—			—
Purchases		—			21,504			21,504
Sales		—			(23,124	)		(23,124	)
Realized and unrealized appreciation, net		—			23,834			23,834
Balance, end of period	$	—		$	120,342		$	120,342
Changes in unrealized appreciation included in earnings related to financial assets still held at the reporting date	$	—		$	4,286		$	4,286
	For the Three Months Ended March 31, 2014
	Investments of Consolidated Funds
	Equity			Fixed			Partnership			Other			Total
	Securities			Income			Interests			Financial
										Instruments
Balance, beginning of period	$	2,958,232		$	3,627,153		$	41,001		$	(1,348	)	$	6,625,038
Initial consolidation of new funds		8,152			—			—			—			8,152
Deconsolidation of previous funds		—			(378,397	)		—			—			(378,397	)
Transfer in		—			222,382			—			—			222,382
Transfer out		—			(364,608	)		—			—			(364,608	)
Purchases		11,337			215,514			2,276			5			229,132
Sales		(167,142	)		(274,491	)		—			(6,387	)		(448,020	)
Accrued discounts/premiums		15			10,849			—			(0	)		10,864
Realized and unrealized appreciation (depreciation), net		14,627			(29,540	)		717			3,277			(10,919	)
Balance, end of period	$	2,825,221		$	3,028,862		$	43,994		$	(4,453	)	$	5,893,624
Changes in unrealized appreciation (depreciation) included in earnings related to financial assets still held at the reporting date	$	118,757		$	(21,711	)	$	717		$	1,102		$	98,865
The following tables set forth a summary of changes in the fair value of the Level III investments for the year ended December 31, 2013:
	For the Year Ended December 31, 2013
	Investments of AIH LLC
	Fixed Income			Partnership Interests			Total
Balance, beginning of period	$	1,170		$	21,695		$	22,865
Transfer out		(1,170	)		—			(1,170	)
Purchases		—			51,329			51,329
Sales		—			(2,447	)		(2,447	)
Realized and unrealized appreciation, net		—			17,600			17,600
Balance, end of period	$	—		$	88,177		$	88,177
Changes in unrealized appreciation included in earnings related to financial assets still held at the reporting date	$	—		$	16,816		$	16,816
	For the Year Ended December 31, 2013
	Investments of Consolidated Funds
	Equity Securities			Fixed Income			Partnership			Other			Total
							Interests			Financial
										Instruments
Balance, beginning of period	$	1,978,138		$	3,920,451		$	6,177		$	5,202		$	5,909,968
Initial consolidation of new funds		—			29,570			—			—			29,570
Transfer in		74,438			237,312			—			(29	)		311,721
Transfer out		(52,573	)		(249,763	)		—			—			(302,336	)
Purchases		555,589			1,313,850			34,369			1,135			1,904,943
Sales		(43,695	)		(1,704,939	)		(851	)		(23,743	)		(1,773,228	)
Accrued discounts/premiums		—			27,149			—			88			27,237
Realized and unrealized appreciation (depreciation), net		446,335			53,523			1,306			15,999			517,163
Balance, end of period	$	2,958,232		$	3,627,153		$	41,001		$	(1,348	)	$	6,625,038
Changes in unrealized appreciation (depreciation) included in earnings related to financial assets still held at the reporting date	$	417,659		$	(26,038	)	$	1,306		$	(4,896	)	$	388,031
The following tables set forth a summary of changes in the fair value of the Level III investments for the three months ended March 31, 2013:
	For the Three Months Ended March 31, 2013
	Investments of AIH LLC
	Fixed Income			Partnership Interests			Total
Balance, beginning of period	$	1,170		$	21,695		$	22,865
Transfer out		(1,170	)		—			(1,170	)
Purchases		—			503			503
Sales		—			(86	)		(86	)
Realized and unrealized appreciation (depreciation), net		—			1,207			1,207
Balance, end of period	$	—		$	23,319		$	23,319
Changes in unrealized appreciation (depreciation) included in earnings related to financial assets still held at the reporting date	$	—		$	1,179		$	1,179
	For the Three Months Ended March 31, 2013
	Investments of Consolidated Funds
	Equity Securities			Fixed Income			Partnership			Other			Total
							Interests			Financial
										Instruments
Balance, beginning of period	$	1,978,138		$	3,920,451		$	6,177		$	5,202		$	5,909,968
Initial consolidation of new funds		—			28,471			—			—			28,471
Transfer in		135			362,811			—			—			362,946
Transfer out		(8,725	)		(316,201	)		—			(2,420	)		(327,346	)
Purchases		21,794			310,985			43			(3,974	)		328,848
Sales		(7,382	)		(285,685	)		—			(7,446	)		(300,513	)
Accrued discounts/premiums		—			10,342			—			9			10,351
Realized and unrealized appreciation (depreciation), net		119,481			(86,157	)		(41	)		17,780			51,063
Balance, end of period	$	2,103,441		$	3,945,017		$	6,179		$	9,151		$	6,063,788
Changes in unrealized appreciation (depreciation) included in earnings related to financial assets still held at the reporting date	$	(1,441	)	$	(35,663	)	$	1,307		$	5,657		$	(30,140	)
Total realized and unrealized appreciation (depreciation) recorded for AIH's Level III investments are included in net realized gain (loss) on investments and net change in unrealized appreciation (depreciation) on investments in the Combined and Consolidated Statements of Operations, respectively.
Total realized and unrealized appreciation (depreciation) recorded for the Consolidated Funds' Level III investments are included in net realized gain (loss) on investments of Consolidated Funds and net change in unrealized appreciation (depreciation) on investments of Consolidated Funds in the Combined and Consolidated Statements of Operations, respectively.
The Company recognizes transfers between the levels as of the beginning of the period. Transfers out of Level III were generally attributable to certain investments that experienced a more significant level of market activity during the period and thus were valued using observable inputs either from independent pricing services or multiple brokers. Transfers into Level III were generally attributable to certain investments that experienced a less significant level of market activity during the period and thus were only able to obtain one quote from a broker or independent pricing service. Transfers from Level I to Level II for the three months ended March 31, 2014 included $15.4 million due to restricted common stock received in exchange for an exchange-traded common equity investment upon the exercise of warrants.
The following table sets forth a summary of changes in the fair value of the Level III investments for the CLO loan obligations for the three months ended March 31, 2014 and the year ended December 31, 2013:
	For the Three Months			For the Year Ended
	Ended March 31, 2014			December 31, 2013
Balance, beginning of period	$	11,534,956		$	9,422,570
Equity appropriated for Consolidated Funds		—			3,309,986
Borrowings		23,528			79,859
Paydowns		(475,467	)		(1,511,971	)
Issuances		—			—
Realized and unrealized gains, net		(16,764	)		234,512
Balance, end of period	$	11,066,253		$	11,534,956
The following tables summarize the quantitative inputs and assumptions used for the Company's Level III inputs as of March 31, 2014:
ARES INVESTMENTS HOLDINGS LLC
As of March 31, 2014
Investments	Fair			Valuation Technique(s)		Unobservable		Range
	Value					Input(s)
Assets
Partnership interests	$	120,342		NAV		N/A		N/A
Total	$	120,342
CONSOLIDATED FUNDS
As of March 31, 2014
Investments	Fair Value			Valuation Technique(s)		Unobservable Input(s)		Range		Weighted
										Average
Assets
Equity securities
Consumer discretionary	$	11,168		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
		5,491		EV market multiple analysis		EBITDA multiple		6.6x - 9.0x			8.4x
		1,035		Discounted cash flow		Yield to worst		5.00%			5	%
		231,434		Market approach (comparable companies)		Book value multiple		2.0x - 2.3x			2.1x
		1,228,877		Market approach (comparable companies)		EBITDA multiple		7.5x - 15.0x			10.6x
		71,288		Market approach (comparable companies)		Net income multiple		15.0x			15.0x
		1,112		Market approach (other)		Other		N/A			N/A
		1,642		Other		N/A		N/A			N/A
		4,961		Other		Volume weighted average price		25.2x			25.2x
		1,478		Other		Volume weighted average price / illiquidity discount		15%/25.2x			15%/25.2x
		250,000		Recent transaction price(1)		N/A		N/A			N/A
Consumer staples		762		EV market multiple analysis		EBITDA multiple		7.9x			7.9x
		221,864		Market approach (comparable companies)		EBITDA multiple		6.0x - 8.0x			7.5x
		30,293		Market approach (comparable companies)		Net income multiple		8.0x - 10.0x			9.0x
Energy		128,493		Market approach (comparable companies)		EBITDA multiple		1.0x - 1.4x			1.2x
		34,125		Other		N/A		N/A			N/A
		6,600		Option pricing model		Volatility		26.00%			26	%
Financials		7,069		EV market multiple analysis		EBITDA multiple		10.5x			10.5x
Healthcare, education, and childcare		28,075		EV market multiple analysis		EBITDA multiple		7.8x - 19.7x			7.3x
		316,317		Market approach (comparable companies)		EBITDA multiple		8.0x - 12.0x			10.4x
		33,610		Market approach (comparable companies)		Net income multiple		30.0x - 40.0x			35.0x
Industrials		86		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
		130,478		Market approach (comparable companies)		EBITDA multiple		8.0x - 12.7x			10.0x
Materials		52,947		Market approach (comparable companies)		Net income multiple		8.0x - 10.0x			9.0x
Telecommunication services		1,367		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
		570		EV market multiple analysis		EBITDA multiple		6.9x			6.9x
Utilities		15,253		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
Fixed Income
Consumer discretionary		340,008		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
		18,508		EV market multiple analysis		EBITDA multiple		6.2x - 10.0x			7.3x
		6,741		Income approach (other)		Yield to worst		4.8% - 5.8%			5.3	%
		115,076		Market approach (comparable companies)		Book value multiple		2.0x - 2.3x			2.1x
		15,454		Market approach (comparable companies)		EBITDA multiple		8.1x			8.1x
		783,465		Recent transaction price(1)		N/A		N/A			N/A
		291,435		Yield analysis		Market yield		2.5% - 13.0%			9.9	%
Consumer staples		515		Discounted cash flow		Other		20.00%			20	%
		4,297		Income approach (other)		Yield		18.40%			18.4	%
Energy		66,912		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
		11,888		Recent transaction price(1)		N/A		N/A			N/A
Financials		491,152		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
		74,439		Discounted cash flow		Discount rate, Constant default rate, Recovery rate, prepayment rate		10.8%, 2.0%,			36	%
								70.0%,
								20.00%
		13,201		EV market multiple analysis		EBITDA multiple		2.4x			2.4x
		287,824		Yield analysis		Market yield		4.5% - 13.5%			10.6	%
		2,030		Income approach (other)		Weighted average collection rate		1.2x			1.2x
		2,892		Recent transaction price(1)		N/A		N/A			N/A
Healthcare, education, and childcare		57,847		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
		5,959		EV market multiple analysis		EBITDA multiple		32.0x			32.0x
		7,390		Income approach (other)		Yield to worst		6.00%			6	%
		72,874		Yield analysis		Market yield		6.0% - 10.0%			7.5	%
Industrials		83,495		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
		5,075		Yield analysis		Market yield		18.80%			18.8	%
		4,773		Income approach (other)		Yield		4.8% - 5.6%			5.3	%
		31,018		Market approach (comparable companies)		EBITDA multiple		10.0x - 12.7x			11.4x
		43,400		Yield analysis		Market yield		2.5% - 12.8%			8.9	%
Information technology		18,410		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
		39,748		Yield analysis		Market yield		5.3% - 14.0%			11.5	%
Materials		31,369		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
		14,850		Market approach (comparable companies)		EBITDA multiple		8.0x - 10.0x			9.3x
		731		Market approach (comparable companies)		Recovery rate		1.1% - 2.5%			1.8	%
		16,212		Yield analysis		Market yield		6.0% - 13.0%			8.8	%
Telecommunication services		69,877		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
Partnership and LLC interests		52,818		NAV		N/A		N/A			N/A
Other		2,593		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
Derivative instruments of Consolidated Funds		2,330		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
Total assets	$	5,903,001
Liabilities
Loans payable of Consolidated Funds:
Fixed income	$	10,860,388		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
		42,228		Discounted cash flow		Discount Rate		10.70%			10.7	%
		163,637		Market approach (other)		Other		N/A			N/A
Derivatives instruments of Consolidated Funds		9,377		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
Total liabilities	$	11,075,630
-1
Recent transaction price consists of securities purchased or restructured within the last six months. The Company has determined that there has been no change to the valuation based on the underlying assumptions used at the closing of such transactions.
The following tables summarize the quantitative inputs and assumptions used for the Company's Level III inputs as of December 31, 2013:
ARES INVESTMENTS HOLDINGS LLC
As of December 31, 2013
Investments	Fair			Valuation Technique(s)		Unobservable		Range
	Value					Input(s)
Assets
Partnership interests	$	88,177		NAV		N/A		N/A
Total	$	88,177
CONSOLIDATED FUNDS
As of December 31, 2013
Investments	Fair			Valuation Technique(s)		Unobservable Input(s)		Range		Weighted
	Value									Average
Assets
Equity securities
Consumer discretionary	$	13,044		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
		6,146		EV market multiple analysis		EBITDA multiple		6.2x - 18.0x			9.3x
		246,227		Market approach (comparable companies)		Book value multiple		1.5x - 1.8x			1.6x
		1,162,641		Market approach (comparable companies)		EBITDA multiple		7.5x - 15.0x			10.6x
		42,080		Market approach (comparable companies)		Net income multiple		9.6x			9.6x
		1,114		Market approach (comparable companies)		Yield to worst		5.00%			5	%
		1,557		Market approach (other)		Other		N/A			N/A
		1,729		Other		Other		N/A			N/A
		8,466		Other		Volume weighted average price		25.2x			25.2x
		1,418		Other		Volume weighted average		25.2x / 15%			25.2x / 15	%
						price / illiquidity discount
		505,270		Recent transaction price(1)		N/A		N/A			N/A
Consumer staples		668		EV market multiple analysis		EBITDA multiple		7.9x			7.9x
		201,059		Market approach (comparable companies)		EBITDA multiple		6.0x - 8.5x			7.5x
		25,000		Recent transaction price(1)		N/A		N/A			N/A
Energy		119,344		Market approach (comparable companies)		EBITDA multiple		1.0x - 1.4x			1.2x
		58,987		Other		Other		N/A			N/A
Financials		6,172		EV market multiple analysis		EBITDA multiple		10.5x			10.5x
Healthcare, education, and childcare		28,607		EV market multiple analysis		EBITDA multiple		7.8x - 43.7x			10.9x
		296,817		Market approach (comparable companies)		EBITDA multiple		8.0x - 12.0x			10.5x
		23,493		Market approach (comparable companies)		Net income multiple		20.0x - 25.0x			22.5x
Industrials		8,595		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
		130,478		Market approach (comparable companies)		EBITDA multiple		8.0x - 14.5x			10.3x
Materials		773		EV market multiple analysis		EBITDA multiple		6.0x			6.0x
		52,947		Market approach (comparable companies)		Net income multiple		8.0x - 10.0x			9.0x
Telecommunication services		957		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
		566		EV market multiple analysis		EBITDA multiple		6.9x			6.9x
Utilities		14,077		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
Fixed Income
Consumer discretionary		287,572		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
		394,891		Discounted cash flow		Yield to maturity		7.0% - 10.0%			8.5	%
		18,383		EV market multiple analysis		EBITDA multiple		6.2x - 18.0x			8.0x
		4,565		Income approach (other)		Yield		17.90%			17.9	%
		5,366		Income approach (other)		Yield to worst		4.8% - 5.8%			5.3	%
		113,305		Market approach (comparable companies)		Book value multiple		1.5x - 1.8x			1.6x
		406,854		Market approach (comparable companies)		EBITDA multiple		8.0x 10.5x			9.2x
		9,730		Recent transaction price(1)		N/A		N/A			N/A
		623,437		Yield analysis		Market yield		2.5% - 13.0%			9.2	%
Consumer staples		469		Discounted cash flow		Other		20.00%			20	%
		4,032		Income approach (other)		Yield		4.40%			4.4	%
Energy		112,362		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
		7,327		Recent transaction price(1)		N/A		N/A			N/A
Financials		561,569		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
		942		Discounted cash flow		Weighted average		N/A			N/A
						collection rate
		13,177		EV market multiple analysis		EBITDA multiple		2.4x			2.4x
		214,719		Yield analysis		Market yield		2.8% - 13.5%			9.3	%
Healthcare, education, and childcare		100,868		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
		5,919		EV market multiple analysis		EBITDA multiple		7.8x - 43.7x			10.9x
		3,916		Income approach (other)		Discount rate		4.1% - 4.2%			4.2	%
		146,983		Yield analysis		Market yield		6.0% - 10.0%			7.7	%
Industrials		89,817		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
		17,894		Income approach (other)		Yield		4.4% - 5.8%			4.6	%
		30,579		Market approach (comparable companies)		EBITDA multiple		9.7x - 14.5x			12.1x
		4,760		Market approach (comparable companies)		Illiquidity premium		2.0% - 2.5%			2.3	%
		53,194		Yield analysis		Market yield		2.5% - 12.8%			9.6	%
Information technology		51,357		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
		6,851		Recent transaction price(1)		N/A		N/A			N/A
		38,317		Yield analysis		Market yield		5.3% - 14.0%			11.5	%
Materials		39,743		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
		20,259		Discounted cash flow		Discount rate		13.00%			13	%
		14,056		Market approach (comparable companies)		EBITDA multiple		6.0x - 10.0x			9.0x
		54,714		Yield analysis		Market yield		6.0% - 13.0%			7.7	%
Telecommunication services		112,901		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
		52,989		Yield analysis		Market yield		8.80%			8.8	%
Utilities		3,336		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
Partnership and LLC interests		41,001		NAV		N/A		N/A			N/A
Other		2,372		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
Derivative instruments of Consolidated Funds		3,135		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
Total assets	$	6,631,893
Liabilities
Loans payable of Consolidated Funds:
Fixed income	$	10,931,836		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
		41,920		Discounted cash flow		Discount Rate		10.70%			10.7	%
		561,200		Market approach (other)		Other		N/A			N/A
Derivatives instruments of Consolidated Funds		6,855		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
Total liabilities	$	11,541,811
-1
Recent transaction price consists of securities purchased or restructured within the last six months. The Company has determined that there has been no change to the valuation based on the underlying assumptions used at the closing of such transactions.
The significant unobservable inputs used in the fair value measurement of the Company's investments in equity securities include earnings before interest, tax, depreciation and amortization ("EBITDA"), book value, and net income multiples. Significant increase (decrease) in EBITDA, book value, or net income multiples in isolation would result in a significantly higher (lower) fair value measurement.
The significant unobservable inputs used in the fair value measurement of the Company's investments in bonds are EBITDA and book value multiples, discount rates, prepayment rates, recovery rates, and market yields. Significant increases (decreases) in EBITDA and book value multiples and recovery rates, would result in a significantly higher (lower) fair value measurement. Significant increases (decreases) in prepayment rates and market yields would result in lower (higher) fair value measurements.
The significant unobservable inputs used in the fair value measurement of the Company's loans payable are discount rates, default rates, prepayment rates and other. Significant increases (decreases) in discount rates or default rates in isolation would result in a significantly lower (higher) fair value measurement.
For investments valued using NAV per share, a summary of fair value by segment along with the remaining unfunded commitment and any redemption restriction of such investments as of March 31, 2014 is presented below:
Strategy	Fair Value			Unfunded			Redemption
				Commitments			Restriction
Direct Lending Group	$	20,336		$	30,503			(1)(3)
Real Estate Group		34,894			9,686			-1
Tradable Credit Group		72,818			150,464			(1)(2)(3)
Private Equity Group		45,112			153,327			-1
Totals	$	173,160		$	343,980
For investments valued using NAV per share, a summary of fair value by segment along with the remaining unfunded commitment and any redemption restriction of such investments as of December 31, 2013 is presented below:
Strategy	Fair			Unfunded			Redemption
	Value			Commitments			Restriction
Direct Lending Group	$	2,298		$	1,045			-3
Real Estate Group		34,521			9,734			-1
Tradable Credit Group		50,349			145,818			(1)(2)(3)
Private Equity Group		42,010			156,966			-1
Totals	$	129,178		$	313,563
-1
The funds within these strategies are closed-ended and generally do not permit investors to redeem their interests. Distributions are received as the underlying investments are liquidated.
-2
The funds within these strategies are open-ended and subject to a lock-up period of six months after the closing date, an investor has the right to withdraw their capital. Distributions are received as the underlying investments are liquidated.
-3
The funds within these strategies are separately managed investment vehicles, which may be redeemed only upon dissolution or liquidation of the fund at the discretion of the investor. Distributions are received as the underlying investments are liquidated.

DERIVATIVE_FINANCIAL_INSTRUMEN

DERIVATIVE FINANCIAL INSTRUMENTS (Ares Holdings, Inc. and Ares Investments LLC and Consolidated Funds)	3 Months Ended
	Mar. 31, 2014
Ares Holdings, Inc. and Ares Investments LLC and Consolidated Funds	'
DERIVATIVE FINANCIAL INSTRUMENTS	'
	6. DERIVATIVE FINANCIAL INSTRUMENTS
	In the normal course of business, AM LLC, AIH LLC and the Consolidated Funds use various types of derivative instruments primarily to mitigate against credit and foreign exchange risk. The derivative instruments held by these funds do not qualify for hedge accounting under the accounting standards for derivatives and hedging. The Company recognizes all of its derivative instruments at fair value as either assets or liabilities in the Combined and Consolidated Statements of Financial Condition. In accordance with ASC 815, changes in the fair value of derivative instruments are included in net change in unrealized gain (loss) on investments in the Combined and Consolidated Statements of Operations. The Company does not designate its derivatives as hedging instruments in accordance with ASC 815.
	The Company is exposed to certain risks relating to its ongoing operations; the primary risks managed by using derivative instruments are credit risk and foreign exchange risk. The Company's derivative instruments include warrants, currency options, purchased options, interest rate swaps and credit default swaps and forward contracts.
	By using derivatives, the Company is exposed to counterparty credit risk if counterparties to the derivative contracts do not perform as expected. If a counterparty fails to perform, the Company's counterparty credit risk is equal to the amount reported as a derivative asset in the Company's Combined and Consolidated Statements of Financial Condition. The Company minimizes counterparty credit risk through credit approvals, limits, monitoring procedures, executing master netting arrangements and obtaining collateral, where appropriate.
	To the extent the master netting arrangements and other criteria meet the applicable requirements, which includes determining the legal enforceability of the arrangements, the Company may choose to offset the derivative assets and liabilities in the same currency by specific derivative type, or in the event of default by the counterparty, offset derivative assets and liabilities with the same counterparty. AM LLC and AIH LLC generally presents derivative and other financial instruments on a gross basis within the Combined and Consolidated Statements of Financial Condition, with certain instruments subject to enforceable master netting arrangements that could allow for the derivative and other financial instruments to be offset. The Consolidated Funds present derivative and other financial instruments, and any related cash collateral amounts, on both a gross and a net basis. This election is generally determined at management's discretion on a fund by fund basis. The Company has retained each fund's presentation upon consolidation.
	Certain Consolidated Funds have entered into transactions where cash collateral is received and/or pledged with the counterparty. Generally, the collateral practices are governed within each agreement entered into between the Consolidated Funds and the respective counterparty. These agreements specify how the collateral will be handled between the two parties, and the terms of the agreements may dictate that the derivatives be marked to market on a daily basis (or other specified period) and that any collateral needs be met by posting collateral based upon certain financial thresholds and/or upon certain dates, after any applicable minimum thresholds are met. The collateral may also be required to be held in segregated accounts with a custodian in compliance with the terms of the agreements.
	Qualitative Disclosures of Derivative Financial Instruments
	Following is a description of the significant derivative instruments utilized by AM LLC, AIH LLC and the Consolidated Funds during the reporting periods.
	Forward Foreign Currency Contracts
	The Company and the Consolidated Funds enter into foreign currency forward exchange contracts to hedge against foreign currency exchange rate risk on their non-U.S. dollar denominated cash flow. When entering into a forward currency contract, the Company agrees to receive and/or deliver a fixed quantity of foreign currency for an agreed-upon price on an agreed-upon future date. Forward foreign currency contracts involve elements of market risk in excess of the amounts reflected in the Combined and Consolidated Statements of Financial Condition. The Company bears the risk of an unfavorable change in the foreign exchange rate underlying the forward foreign currency contract. In addition, the potential inability of the counterparties to meet the terms of their contracts poses a risk to the Company.
	Interest Rate Swaps
	AIH LLC and the Consolidated Funds enter into interest rate swap contracts to mitigate their interest rate risk exposure. Interest rate swaps represent an agreement between two counterparties to exchange cash flows based on the difference in two interest rates, applied to the notional principal amount for a specified period. The payment flows are generally netted, with the difference being paid by one party to the other. The interest rate swap contracts effectively mitigate the Company's exposure to interest rate risk by converting a portion of the Company's floating-rate debt to a fixed-rate basis.
	The interest rate swaps are marked-to-market based upon quotations from pricing services or by the Company and the change in value, if any, is recorded as a net change in unrealized appreciation (depreciation) on investments until settlement at which time the Company records net realized gain (loss) on investment in the Combined and Consolidated Statements of Operations.
	Credit Default Swaps
	The Consolidated Funds enter into credit default swap contracts for investment purposes and to manage credit risk. As a seller in a credit default swap contract, a Consolidated Fund is required to pay the notional or other agreed-upon value to the counterparty in the event of a default by a third party, either a U.S. or foreign corporate issuer (or an index of U.S. or foreign corporate issuers), on the referenced debt obligation. In return, the Consolidated Fund receives from the counterparty a periodic stream of payments over the term of the contract, provided that no event of default has occurred, and has no payment obligations. Such payments are accrued daily and accounted for as net realized gain (loss) in the Combined and Consolidated Statements of Operations.
	The Consolidated Funds may also purchase credit default swap contracts to mitigate the risk of default by debt securities held. In these cases, the Consolidated Fund functions as the counterparty referenced in the preceding paragraph. As a purchaser of a credit default swap contract, the Consolidated Fund receives the notional or other agreed upon value from the counterparty in the event of default by a third party, either a U.S. or foreign corporate issuer (or an index of U.S. or foreign corporate issuers) on the referenced debt obligation. In return, the Consolidated Fund makes periodic payments to the counterparty over the term of the contract provided no event of default has occurred. Such payments are accrued daily and accounted for as realized loss in the Combined and Consolidated Statements of Operations.
	Entering into credit default swaps exposes the Consolidated Funds to credit, market and documentation risk in excess of the related amounts recognized in the Combined and Consolidated Statements of Financial Condition. Such risks involve the possibility that there will be no liquid market for these agreements, that the counterparty to the agreements may default on its obligations to perform or disagree as to the meaning of the contractual terms in the agreements, and that there will be unfavorable changes in net interest rates.
	The credit default swaps are marked-to-market daily based upon quotations from pricing services and the change in value, if any, is recorded as a net change in unrealized appreciation (depreciation) on investments in the Combined and Consolidated Statements of Operations.
	Quantitative Disclosures of Derivative Financial Instruments
	The following tables identify the fair value and notional amounts of derivative contracts by major product type on a gross basis for AM LLC, AIH LLC and the Consolidated Funds as of March 31, 2014 and December 31, 2013, which amounts may be offset to the extent that there is a legal right to offset and presented on a net basis in derivative assets or derivative liabilities in the Combined and Consolidated Statements of Financial Condition:
		As of March 31, 2014
		Assets						Liabilities
	AM LLC and AIH LLC	Notional(1)			Fair Value			Notional(1)			Fair Value
	Interest rate contracts	$	—		$	—		$	250,000		$	1,197
	Foreign exchange contracts		53,406			1,132			126,002			1,745
	Total derivatives, at fair value	$	53,406		$	1,132		$	376,002		$	2,942
		As of March 31, 2014
		Assets						Liabilities
	Consolidated Funds	Notional(1)			Fair Value			Notional(1)			Fair Value
	Interest rate contracts	$	34,000		$	0		$	89,000		$	2,545
	Credit contracts		51,500			6,271			703,700			39,178
	Equity contracts		64			245			—			—
	Foreign exchange contracts		35,832			115			166,756			3,751
	Other financial instruments		8,538			2,330			92,386			8,169
	Total derivatives, at fair value		129,934			8,961			1,051,842			53,643
	Warrants—equity(2)		68,859			21,734			—			—
	TOTAL	$	198,793		$	30,695		$	1,051,842		$	53,643
	-1
	Represents the total contractual amount of derivative assets and liabilities outstanding.
	-2
	The fair value of warrants is included within investments, at fair value in the Combined and Consolidated Statements of Financial Condition.
		As of December 31, 2013
		Assets						Liabilities
	AM LLC and AIH LLC	Notional(1)			Fair Value			Notional(1)			Fair Value
	Interest rate contracts	$	—		$	—		$	250,000		$	1,254
	Foreign exchange contracts		66,733			1,164			76,419			1,653
	Total derivatives, at fair value	$	66,733		$	1,164		$	326,419		$	2,907
		As of December 31, 2013
		Assets						Liabilities
	Consolidated Funds	Notional(1)			Fair Value			Notional(1)			Fair Value
	Interest rate contracts	$	70,000		$	8		$	623,225		$	3,878
	Credit contracts		25,437			4,489			537,921			28,385
	Equity contracts		50			179			—			—
	Foreign exchange contracts		211,324			8,653			813,997			38,631
	Other financial instruments		6,174			1,296			83,662			4,221
	Total derivatives, at fair value		312,985			14,625			2,058,805			75,115
	Warrants—equity(2)		68,253			46,802			—			—
	TOTAL	$	381,238		$	61,427		$	2,058,805		$	75,115
	-1
	Represents the total contractual amount of derivative assets and liabilities outstanding.
	-2
	The fair value of warrants is included within investments, at fair value in the Combined and Consolidated Statements of Financial Condition.
	The following tables present a summary of net realized and unrealized appreciation (depreciation) on derivative instruments as of March 31, 2014 and 2013, which is included in net realized gain (loss) on investments of AM LLC, AIH LLC and the Consolidated Funds and the corresponding line item where these changes are presented within the Combined and Consolidated Statements of Operations:
	As of March 31, 2014
AM LLC and AIH LLC	Interest Rate			Foreign			Total
	Contracts			Exchange
				Contracts
Net realized loss on investments
Swaps	$	(341	)	$	—		$	(341	)
Foreign currency forward contracts		—			(793	)		(793	)
Net realized loss on investments	$	(341	)	$	(793	)	$	(1,134	)
Net change in unrealized appreciation (depreciation) on investments
Purchased options	$	—		$	(61	)	$	(61	)
Swaps		57			—			57
Foreign currency forward contracts		—			(63	)		(63	)
Total net change in unrealized appreciation (depreciation) on investments	$	57		$	(124	)	$	(67	)
	As of March 31, 2014
Consolidated Funds	Interest Rate			Credit			Equity			Foreign			Other			Total
	Contracts			Contracts			Contracts			Exchange
										Contracts
Net realized gain (loss) on investments of Consolidated Funds
Purchased options	$	—		$	—		$	(2,019	)	$	(273	)	$	—		$	(2,292	)
Written options		—			—			—			1,853			—			1,853
Swaps		(514	)		(10,206	)		—			—			3,546			(7,174	)
Warrants(1)		—			—			1,261			—			—			1,261
Foreign currency forward contracts		—			—			—			(17,888	)		—			(17,888	)
Total net realized gain (loss) on investments of Consolidated Funds	$	(514	)	$	(10,206	)	$	(758	)	$	(16,308	)	$	3,546		$	(24,240	)
Net change in unrealized appreciation (depreciation) on investments of Consolidated Funds
Purchased options	$	—		$	—		$	108		$	(1,663	)	$	(113	)	$	(1,668	)
Written options		—			—			—			(1,214	)		—			(1,214	)
Swaps		(342	)		3,476			—			(15	)		(3,591	)		(472	)
Interest rate caps/floor		(4	)		—			—			—			—			(4	)
Warrants(1)		—			—			(7,180	)		—			—			(7,180	)
Foreign currency forward contracts		(22	)		—			1,222			17,142			—			18,342
Total net change in unrealized appreciation (depreciation) on investments of Consolidated Funds	$	(368	)	$	3,476		$	(5,850	)	$	14,250		$	(3,704	)	$	7,804
-1
Realized and unrealized gains (losses) on warrants are also reflected in the changes presented on the investment, at fair value footnote table.
	As of March 31, 2013
AM LLC and AIH LLC	Interest Rate			Foreign			Total
	Contracts			Exchange
				Contracts
Net realized loss on investments
Swaps	$	(302	)	$	—		$	(302	)
Foreign currency forward contracts		—			(863	)		(863	)
Net realized loss on investments	$	(302	)	$	(863	)	$	(1,165	)
Net change in unrealized appreciation on investments
Purchased options	$	—		$	247		$	247
Swaps		223			—			223
Foreign currency forward contracts		—			4,203			4,203
Total net change in unrealized appreciation on investments	$	223		$	4,450		$	4,673
	As of March 31, 2013
Consolidated Funds	Interest			Credit			Equity			Foreign			Other			Total
	Rate			Contracts			Contracts			Exchange
	Contracts									Contracts
Net realized gain (loss) on investments of Consolidated Funds
Purchased options	$	—		$	—		$	(1,565	)	$	(318	)	$	—		$	(1,883	)
Written options		—			—			—			337			—			337
Swaps		(2,755	)		—			—			233			—			(2,522	)
Interest rate caps/floor		—			—			—			1,526			—			1,526
Warrants(1)		—			—			33			—			—			33
Foreign currency forward contracts		—			—			—			(565	)		—			(565	)
Total net realized gain (loss) on investments of Consolidated Funds	$	(2,755	)	$	—		$	(1,532	)	$	1,213		$	—		$	(3,074	)
Net change in unrealized appreciation (depreciation) on investments of Consolidated Funds
Purchased options	$	—		$	—		$	140		$	(170	)	$	—		$	(30	)
Written options		—			—			—			(35	)		—			(35	)
Swaps		1,785			(734	)		762			971			1,805			4,589
Interest rate caps/floor		(2	)		—			—			(1,711	)		—			(1,713	)
Warrants(1)		—			2,137			802			—			—			2,939
Foreign currency forward contracts		—			—			28,778			187			(234	)		28,731
Total net change in unrealized appreciation (depreciation) on investments of Consolidated Funds	$	1,783		$	1,403		$	30,482		$	(758	)	$	1,571		$	34,481
-1
Realized and unrealized gains (losses) on warrants are also reflected in the changes presented on the investment, at fair value footnote table.
The table below sets forth the rights of setoff and related arrangements associated with the Company's derivative and other financial instruments as of March 31, 2014 and December 31, 2013. The "Gross Amounts Not Offset in the Statement of Financial Position" column in the table below relates to derivative instruments that are eligible to be offset in accordance with applicable accounting guidance but for which management has elected not to offset in the Combined and Consolidated Statements of Financial Condition.
Derivative and Other Instruments of the Company as of March 31, 2014
										Gross
										Amounts
										Not Offset
										in the
										Statement
										of Financial
	Gross Amounts									Position
	of
	Recognized Assets
Description	(Liabilities)			Gross Amounts			Net Amounts of			Financial			Net Amount
				Offset in Assets			Assets (Liabilities)			Instruments
				(Liabilities)			Presented
Assets:
Derivatives	$	1,132		$	—		$	1,132		$	366		$	766
Total		1,132			—			1,132			366			766
Liabilities:
Derivatives		(2,942	)		—			(2,942	)		(366	)		(2,576	)
Total		(2,942	)		—			(2,942	)		(366	)		(2,576	)
Grand Total	$	(1,810	)	$	—		$	(1,810	)	$	—		$	(1,810	)
Derivative and Other Instruments of the Company as of December 31, 2013
										Gross Amounts Not Offset in the Statement of Financial Position
	Gross Amounts
	of
	Recognized Assets
Description	(Liabilities)			Gross Amounts			Net Amounts of			Financial			Net Amount
				Offset in Assets			Assets (Liabilities)			Instruments
				(Liabilities)			Presented
Assets:
Derivatives	$	1,164		$	—		$	1,164		$	338		$	826
Total		1,164			—			1,164			338			826
Liabilities:
Derivatives		(2,907	)		—			(2,907	)		(338	)		(2,569	)
Total		(2,907	)		—			(2,907	)		(338	)		(2,569	)
Grand Total	$	(1,743	)	$	—		$	(1,743	)	$	—		$	(1,743	)
The table below sets forth the rights of setoff and related arrangements associated with the Consolidated Funds' derivative and other financial instruments as of March 31, 2014 and December 31, 2013. The "Gross Amounts Not Offset in the Statement of Financial Position" column in the table below relates to derivative instruments that are eligible to be offset in accordance with applicable accounting guidance but for which management has elected not to offset in the Combined and Consolidated Statements of Financial Condition.
Derivative and Other Instruments of the Consolidated Funds as of March 31, 2014
										Gross Amounts Not Offset
										in the Statement of
	Gross Amounts									Financial Position
	of
	Recognized Assets
Description	(Liabilities)			Gross Amounts			Net Amounts of			Financial			Cash Collateral			Net Amount
				Offset in Assets			Assets (Liabilities)			Instruments			Received
				(Liabilities)			Presented						(Pledged)
Assets:
Derivatives	$	54,171		$	45,210		$	8,961		$	5,271		$	1,746		$	1,944
Total		54,171			45,210			8,961			5,271			1,746			1,944
Liabilities:
Derivatives		(98,853	)		(45,210	)		(53,643	)		(5,481	)		(36,540	)		(11,622	)
Total		(98,853	)		(45,210	)		(53,643	)		(5,481	)		(36,540	)		(11,622	)
Grand Total	$	(44,682	)	$	—		$	(44,682	)	$	(210	)	$	(34,794	)	$	(9,678	)
Derivative and Other Instruments of the Consolidated Funds as of December 31, 2013
										Gross Amounts Not Offset
										in the Statement of
	Gross Amounts									Financial Position
	of
	Recognized Assets
Description	(Liabilities)			Gross Amounts			Net Amounts of			Financial			Cash Collateral			Net Amount
				Offset in Assets			Assets (Liabilities)			Instruments			Received
				(Liabilities)			Presented						(Pledged)
Assets:
Derivatives	$	27,081		$	12,456		$	14,625		$	9,642		$	4,675		$	308
Reverse repurchase, securities borrowing, and similar arrangements(1)		1,695			—			1,695			—			—			1,695
Total		28,776			12,456			16,320		$	9,642		$	4,675		$	2,003
Liabilities:
Derivatives		(87,571	)		(12,456	)		(75,115	)		(9,642	)		(42,903	)		(22,570	)
Total		(87,571	)		(12,456	)		(75,115	)		(9,642	)		(42,903	)		(22,570	)
Grand Total	$	(58,795	)	$	—		$	(58,795	)	$	—		$	(38,228	)	$	(20,567	)
-1
Included within investments, at fair value in the Combined and Consolidated Statement of Financial Condition

DEBT

DEBT (Ares Holdings, Inc. and Ares Investments LLC)	3 Months Ended
	Mar. 31, 2014
Ares Holdings, Inc. and Ares Investments LLC	'
DEBT	'
	7. DEBT
	Debt represents the (a) credit facility of the Company, (b) term note of AHI, (c) promissory notes issued in connection with an acquisition, (d) loan obligations of the consolidated CLOs and (e) credit facilities of the consolidated non-CLOs. The Company has elected to measure the loan obligations of the consolidated CLOs at fair value and reflect the credit facilities of the Company and consolidated non-CLOs at cost.
	Credit Facility of the Company
	During the period for the three months ended March 31, 2014 and 2013, there were no changes to the Company's credit facility. As of March 31, 2014 and December 31, 2013, the Company had $151.3 million and $121.3 million, respectively, outstanding under its credit facility that are presented as debt obligations on the Combined and Consolidated Statement of Financial Condition. For the three months ended March 31, 2014 and 2013, accrued interest of $0.2 million and $0.4 million, respectively, are included in interest expense in the Combined and Consolidated Statements of Operations.
	Term Note of AHI
	On December 18, 2012, AHI borrowed $55.0 million under a term note with a financial institution. Interest is paid quarterly and accrues based on the Company's option of LIBOR plus 1.75% or Prime Rate plus 0.75% with a floor of 1.50% per annum. Principal is payable in seven consecutive quarterly installments with increasing principal payments, commencing on January 15, 2013 and continuing up to and including June 15, 2014. The Company paid off this term note on March 20, 2014; therefore, no balance was outstanding as of March 31, 2014. As of December 31, 2013, principal outstanding under this term note was $11.0 million. The term note is secured by account balances on deposit with the same financial institution. AHI remained in compliance with all provisions of the term note from inception to repayment. In connection with this note, for the three months ended March 31, 2014 and 2013, the Company recorded interest expense of $0.1 million and $1.6 million, respectively, in the Combined and Consolidated Statements of Operations.
	Promissory Notes of the Company
	On July 1, 2013, in connection with the AREA acquisition, the Company entered into two promissory notes of $13.7 million and $7.2 million, with two former AREA partners. The maturity date of the notes is July 1, 2016. Beginning on July 1, 2014, the notes will be repaid in three equal consecutive principal payments of $4.6 million and $2.4 million, respectively. Interest will be accrued at a per annum rate equal to LIBOR plus 4.00%. As of March 31, 2014, the Company had $20.9 million outstanding under the two notes, presented as debt obligations in the Combined and Consolidated Statements of Financial Condition. For the three months ended March 31, 2014, accrued interest of $0.1 million is included in interest expense in the Combined and Consolidated Statements of Operations.
	Loan Obligations of the Consolidated CLOs
	Loan obligations of the Consolidated Funds that are CLOs ("Consolidated CLOs") represent amounts due to holders of debt securities issued by the Consolidated CLOs. Several of the Consolidated CLOs issued preferred shares representing the subordinated interests that are mandatorily redeemable upon the maturity dates of the senior secured loan obligations. As a result, these shares have been classified as liabilities and are included in CLO loan obligations in the Combined and Consolidated Statements of Financial Condition.
	As of March 31, 2014 and December 31, 2013, the following borrowings were outstanding and classified as liabilities:
		As of March 31, 2014
		Borrowing		Market Value		Weighted Average
		Outstanding				Remaining
						Maturity In Years
	Senior secured notes(1)	$	10,556,804	$	10,239,074		8.81
	Subordinated notes / preferred shares(2)		1,367,796		917,275		7.7
	Total loan obligations of Consolidated CLOs		11,924,600		11,156,349
	Type of Facility	Total Facility		Outstanding		Market			Effective			Commitment			Maturity
		(Capacity)		Loan		Value			Rate			Fee			Date
	Revolvers of Consolidated CLOs
	Revolving credit line	$	48,949	$	48,949	$	48,184			0.42	%		0.17	%		4/16/21
	Revolving credit line		1,035		—		—			0.51	%		0.19	%		2/24/18
	Revolving credit line		13,808		13,808		13,728			0.51	%		0.18	%		3/12/18
	Revolving credit line		48,510		48,510		47,553			0.44	%		0.17	%		10/11/21
	Revolving credit line		10,043		10,042		10,043			0.52	%		0.14	%		1/26/20
	Total revolvers of Consolidated CLOs				121,309		119,508
	Total notes payable and credit facilities of Consolidated CLOs			$	12,045,909	$	11,275,857
	-1
	Weighted average interest rate of 2.35%.
	-2
	The subordinated notes do not have contractual interest rates, but instead receive distributions from the excess cash flows generated by each Consolidated CLO.
		As of December 31, 2013
		Borrowing		Market		Weighted Average
		Outstanding		Value		Remaining
						Maturity In Years
	Senior secured notes(1)	$	10,967,524	$	10,679,878		8.92
	Subordinated notes / preferred shares(2)		1,325,446		962,098		8.64
	Total loan obligations of Consolidated CLOs		12,292,970		11,641,976
	Type of Facility	Total Facility		Outstanding		Market			Effective			Commitment			Maturity
		(Capacity)		Loan		Value			Rate			Fee			Date
	Revolvers of Consolidated CLOs
	Revolving credit line	$	48,949	$	48,949	$	48,119			0.43	%		0.17	%		4/16/21
	Revolving credit line		1,035		1,035		1,034			0.51	%		0.19	%		2/24/18
	Revolving credit line		23,567		23,567		23,351			0.52	%		0.18	%		3/12/18
	Revolving credit line		48,510		48,510		46,812			0.45	%		0.17	%		10/11/21
	Revolving credit line		12,865		12,865		12,865			0.52	%		0.14	%		1/26/20
	Total revolvers of Consolidated CLOs				134,926		132,181
	Total notes payable and credit facilities of Consolidated CLOs			$	12,427,896	$	11,774,157
	-1
	Weighted average interest rate of 2.36%.
	-2
	The subordinated notes do not have contractual interest rates, but instead receive distributions from the excess cash flows generated by each Consolidated CLO.
	Loan obligations of the Consolidated CLOs are collateralized by the assets held by the Consolidated CLOs, consisting of cash and cash equivalents, corporate loans, corporate bonds and other securities. The assets of one Consolidated CLO may not be used to satisfy the liabilities of another Consolidated CLO. Loan obligations of the Consolidated CLOs include floating rate notes, deferrable floating rate notes, revolving lines of credit, and subordinated notes. Amounts borrowed under the notes are repaid based on available cash flows subject to priority of payments under each Consolidated CLO's governing documents. The Company has elected to apply the fair value option to all of the loan obligations of the Consolidated CLOs, with the exception of the loan obligation of Ares Enhanced Investment Strategy II, Ltd., which is carried at cost.
	Credit Facilities of the Consolidated Non-CLOs
	Certain consolidated non-CLOs maintain credit facilities to fund investments between capital drawdowns. These facilities generally are collateralized by the unfunded capital commitments of the Consolidated Funds' limited partners, bear an annual commitment fee based on unfunded commitments and contain various affirmative and negative covenants and reporting obligations, including restrictions on additional indebtedness, liens, margin stock, affiliate transactions, dividends and distributions, release of capital commitments, and portfolio asset dispositions. The obligations of these entities have no recourse to the Company. As of March 31, 2014 and December 31, 2013, the Consolidated Funds were in compliance with all financial and non-financial covenants under such credit facilities.
	Credit Facilities of the Consolidated Funds
	The Consolidated Funds had the following revolving bank credit facilities and term loans outstanding as of March 31, 2014:
	Type of Facility	Total Facility		Outstanding		Effective		Commitment		Maturity
		(Capacity)		Loan(1)(3)		Rate		Fee		Date
	Short-term borrowings of Consolidated Funds
	Credit facility	$	40,000	$	—	LIBOR + 1.75%		0.25%			6/6/14
	Credit facility		100,000		—	LIBOR + 2.00%		0.75%			6/30/14
Credit facility		35,000		35,000	LIBOR + 0.50%		0.50%			7/19/14
Term loan payable		1,805,000		987,078	-2		0.50%			7/19/14
Total short-term borrowings of Consolidated Funds				1,022,078
Long-term borrowings of Consolidated Funds
Credit facility	£	100,182		167,014	LIBOR + 1.85%		N/A			1/15/16
Credit facility	$	523,400		523,400	LIBOR + 2.20%		N/A			10/15/15
Notes payable		46,733		16,644	1.93%		N/A			9/19/15
Notes payable		114,048		40,601	1.93%		N/A			9/19/15
Total long-term borrowings of Consolidated Funds				747,659
Total borrowings of Consolidated Funds			$	1,769,737
-1
The market values of the long term notes approximate the current carrying value that is tied to the LIBOR rate.
-2
Rate depends on the tranche of each note held. The rates during the period ranged from One Month LIBOR +0.35% to Three Month LIBOR +0.90%.
-3
For loan maintained in a foreign currency, outstanding loan balances are converted and reported into U.S. dollars at the spot rate at reporting date.
The Consolidated Funds had the following revolving bank credit facilities and term loans outstanding as of December 31, 2013:
Type of Facility	Total Facility		Outstanding		Effective		Commitment		Maturity
	(Capacity)		Loan(1)(3)		Rate		Fee		Date
Short-term borrowings of Consolidated Funds
Credit facility	$	40,000	$	—	LIBOR + 1.75%		0.25%			6/6/14
Credit facility		116,841		—	LIBOR + 2.00%		0.38%			6/13/14
Credit facility		100,000		—	LIBOR + 2.00%		0.75%			6/30/14
Credit facility		35,000		35,000	LIBOR + 0.50%		0.50%			7/19/14
Term loan payable		1,805,000		1,137,526	-2		0.50%			7/19/14
Total short-term borrowings of Consolidated Funds				1,172,526
Long-term borrowings of Consolidated Funds
Credit facility	£	186,290		308,477	LIBOR + 1.85%		N/A			1/15/16
Credit facility	$	532,350		532,350	LIBOR + 2.20%		N/A			10/15/15
Credit facility	€	200,000		—	LIBOR + 3.00%		0.38%			8/16/19
Notes payable	$	46,733		16,644	1.93%		N/A			9/19/15
Notes payable		114,048		40,601	1.93%		N/A			9/19/15
Total long-term borrowings of Consolidated Funds				898,072
Total borrowings of Consolidated Funds			$	2,070,598
-1
The market values of the long term notes approximate the current carrying value that is tied to the LIBOR rate.
-2
Rate depends on the tranche of each note held. The rates during the period ranged from One Month LIBOR +0.35% to Three Month LIBOR +0.90%.
-3
For loan maintained in a foreign currency, outstanding loan balances are converted and reported into U.S. dollars at the spot rate at reporting date.
Loan Obligations of the Consolidated Mezzanine Debt Funds
Loan obligations of consolidated mezzanine debt funds represent amounts due to holders of debt securities issued by Ares Institutional Loan Fund B.V. (the "AILF Master Fund"), a Netherlands limited liability company. The AILF Master Fund issued Class A, Class B and Class C participating notes that have equal rights and privileges, except with respect to management fees and the performance fee that are applicable to only the Class A participating notes. These participating notes are redeemable debt instruments that do not have a stated interest rate or fixed maturity date. The AILF Master Fund may cause any holders to redeem all or any portion of such notes at any time upon at least five days prior written notice for any reason or no reason. A participating note holder may withdraw all or some of its notes as of the last business day of each calendar month by providing at least 30 days prior written notice. The holders of these participating notes have the right to receive the AILF Master Fund's first gains and the obligation to absorb the AILF Master Fund's first losses. As of March 31, 2014 and December 31, 2013, outstanding loan obligations of the consolidated mezzanine debt funds were $327.9 million and $323.2 million, respectively and are presented as mezzanine debt in the Combined and Consolidated Statements of Financial Condition. The residual interests of the consolidated mezzanine debt funds are carried at cost plus accrued interest. The mezzanine funds are collateralized by all of the assets of the AILF Master Fund with no recourse to the Company.

REDEEMABLE_AND_NONCONTROLLING_

REDEEMABLE AND NON-CONTROLLING INTERESTS (Ares Holdings, Inc. and Ares Investments LLC)	3 Months Ended
	Mar. 31, 2014
Ares Holdings, Inc. and Ares Investments LLC	'
REDEEMABLE AND NON-CONTROLLING INTERESTS	'
	8. REDEEMABLE AND NON-CONTROLLING INTERESTS
	The following table sets forth a summary of changes in the redeemable interests in AHI, AI and consolidated subsidiaries and redeemable interest in Consolidated Funds for the three months ended March 31, 2014 and the year ended December 31, 2013:
		As of March 31,			As of December 31,
		2014			2013
	Redeemable interests in Consolidated Funds
	Redeemable non-controlling interests in Consolidated Funds, beginning of period	$	1,093,770		$	1,100,108
	Net income attributable to redeemable, non-controlling interests in Consolidated Funds		37,048			137,924
	Contributions from redeemable, non-controlling interests in Consolidated Funds		41,655			—
	Distributions to redeemable, non-controlling interests in Consolidated Funds		(52,888	)		(143,378	)
	Currency translation adjustment attributable to redeemable, non-controlling interests in Consolidated Funds		—			(884	)
	Redeemable interests in Consolidated Funds	$	1,119,585		$	1,093,770
		As of March 31,			As of December 31,
		2014			2013
	Redeemable interests in consolidated subsidiaries
	Redeemable non-controlling interests in consolidated subsidiaries, beginning of period	$	40,751		$	30,488
	Net income attributable to redeemable, non-controlling interests in consolidated subsidiaries		406			2,451
	Contributions from redeemable, non-controlling interests in consolidated subsidiaries		—			3,712
	Distributions to redeemable, non-controlling interests in consolidated subsidiaries		(417	)		(4,641	)
	Currency translation adjustment attributable to redeemable, non-controlling interests in consolidated subsidiaries		3			13
	Revaluation of redeemable interest		1,638			8,437
	Equity compensation		1,206			291
	Redeemable interests in consolidated subsidiaries	$	43,587		$	40,751
	The following table sets forth a summary of changes in the non-controlling interest in AHI, AI and consolidated subsidiaries for the three months ended March 31, 2014:
		Non-controlling interest in AHI, AI and consolidated subsidiaries
		Members'			Common			Additional		Retained			Accumulated		Total Equity
		Equity			Stock			Paid in		Earnings			Other
					(B shares)			Capital					Comprehensive
													Income (Loss)
	Balance at December 31, 2013	$	109,992		$	0		$	57,842	$	(417	)	$	314	$	167,731
	Distributions		(2,802	)		—			—		—			—		(2,802	)
	Net income		11,017			—			—		1,919			—		12,936
	Revaluation of redeemable equity		(165	)		—			—		(230	)		—		(395	)
	Currency translation adjustment		—			—			—		—			79		79
	Equity compensation		271			—			723		—			—		994
	Balance at March 31, 2014	$	118,313		$	0		$	58,565	$	1,272		$	393	$	178,543

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES (Ares Holdings, Inc. and Ares Investments LLC)	3 Months Ended
	Mar. 31, 2014
Ares Holdings, Inc. and Ares Investments LLC	'
COMMITMENTS AND CONTINGENCIES	'
	9. COMMITMENTS AND CONTINGENCIES
	Performance Fees
	Performance fees from certain limited partnerships are subject to reversal in the event that the funds incur future losses. The reversal is limited to the extent of the cumulative performance fees received to date. If all of the existing investments became worthless, the amount of cumulative revenues that had been received by the Company would be returned less the income taxes paid thereon. Management believes the possibility of all of the investments becoming worthless is remote. The Company may be liable to repay certain limited partnerships for previously received performance fees. This obligation is generally referred to as a clawback. At March 31, 2014 and December 31, 2013, if we assumed all existing investments were valued at $0, the amount of performance fees subject to potential clawback would have been approximately $565.2 million and $608.5 million, respectively, of which approximately $454.6 million and $489.8 million, respectively, is reimbursable to the Company by professionals. If the funds were liquidated at their then current fair values as of March 31, 2014 and December 31, 2013, there would be no event of clawback. For all periods presented, the Company did not accrue any expense associated with the clawback obligation.

RELATED_PARTY_TRANSACTIONS

RELATED PARTY TRANSACTIONS (Ares Holdings, Inc. and Ares Investments LLC)	3 Months Ended
	Mar. 31, 2014
Ares Holdings, Inc. and Ares Investments LLC	'
RELATED PARTY TRANSACTIONS	'
	10. RELATED PARTY TRANSACTIONS
	Substantially all of the Company's revenue is earned from its affiliates, including management fees, performance fees, administrative expense reimbursements and service fees. The related accounts receivable are included within due from affiliates within the Combined and Consolidated Statements of Financial Condition, except that performance fees receivable, which are entirely due from affiliated funds, are presented separately within the Combined and Consolidated Statements of Financial Condition.
	The Company has investment management agreements with various funds and accounts that it manages. In accordance with these agreements, the Consolidated Funds bear certain operating costs and expenses which are initially paid by the Company and subsequently reimbursed by the Consolidated Funds. In addition, the Company has agreements to provide administrative services to various entities.
	The Company also has entered into agreements to provide administrative services in exchange for a fee to related parties, including Ares Capital Corporation (Nasdaq: ARCC) ("ARCC"), Ares Commercial Real Estate Corporation (NYSE: ACRE) ("ACRE"), Ares Dynamic Credit Allocation Fund, Inc. (NYSE: ARDC), Ares Multi-Strategy Credit Fund, Inc. (NYSE: ARMF), Ivy Hill Asset Management, L.P. and European Senior Secured Loan Programme S.à.r.l.
	Employees and other related parties may be permitted to participate in co-investment vehicles that generally invest in Ares funds alongside fund investors. Participation is limited by law to individuals who qualify under applicable securities laws. These co-investment vehicles generally do not require these individuals to pay management or performance fees.
	Performance fees from the funds can be distributed to professionals on a current basis, subject to repayment by the subsidiary of the Company that acts as general partner of the relevant fund in the event that certain specified return thresholds are not ultimately achieved. The professionals have personally guaranteed, subject to certain limitations, the obligations of these subsidiaries in respect of this general partner obligation. Such guarantees are several and not joint and are limited to distributions received by the relevant recipient.
	The Company considers its professionals and non-consolidated funds to be affiliates. Amounts due from and to affiliates were comprised of the following:
		March 31, 2014		December 31, 2013
	Due from affiliates:
	Management fees receivable from non-consolidated funds	$	97,853	$	91,917
	Payments made on behalf of non-consolidated funds		21,477		17,003
	Due from affiliates—Company	$	119,330	$	108,920
	Amounts due from non-consolidated funds	$	9,930	$	2,010
	Due from affiliates—Consolidated Funds	$	9,930	$	2,010
	Due to affiliates:
	Management fee rebate payable to non-consolidated funds	$	12,183	$	28,715
	Payments made by non-consolidated funds on behalf of Company		11,129		3,975
	Due to affiliates—Company	$	23,312	$	32,690
	Amounts due to non-consolidated funds	$	2,530	$	2,695
	Due to affiliates—Consolidated Funds	$	2,530	$	2,695
	Due from Ares Funds and Portfolio Companies
	In the normal course of business, the Company pays certain expenses on behalf of Consolidated Funds and non-consolidated funds for which it is reimbursed. Amounts advanced on behalf of Consolidated Funds are eliminated in consolidation. Certain expenses initially paid by the Company, primarily professional travel and other costs associated with particular portfolio company holdings, are reimbursed by the portfolio companies.

INCOME_TAXES

INCOME TAXES (Ares Holdings, Inc. and Ares Investments LLC)	3 Months Ended
	Mar. 31, 2014
Ares Holdings, Inc. and Ares Investments LLC	'
INCOME TAXES	'
	11. INCOME TAXES
	A substantial portion of the Company's earnings flow through to owners of the Company without being subject to entity level income taxes. Consequently, a significant portion of the Company's earnings reflects no provision for income taxes except those for foreign, city and local income taxes incurred at the entity level. A portion of the Company's operations is held through AHI, which is a U.S. corporation for tax purposes. Because AHI is a U.S. corporation, its income is subject to U.S. federal, state and local income taxes and certain of its foreign subsidiaries are subject to foreign income taxes (for which a foreign tax credit can generally offset U.S. corporate taxes imposed on the same income). A provision for corporate level income taxes imposed on AHI's earnings is included in the Company's tax provision. The Company's tax provision also includes entity level income taxes incurred by certain affiliated funds and co-investment entities that are consolidated in these financial statements. The Company's income tax benefit was $6.7 million for three months ended March 31, 2014 and income tax expense was $24.5 million for the three months ended March 31, 2013.
	The Company's effective income tax rate is dependent on many factors, including the estimated nature of many amounts and the mix of revenues and expenses between U.S. corporate subsidiaries that are subject to income taxes and those subsidiaries that are not. Additionally, the Company's effective tax rate is influenced by the amount of income tax provision recorded for any affiliated funds and co-investment entities that are consolidated in these financial statements. Consequently, the effective income tax rate is subject to significant variation from period to period.
	The Company files its tax returns as prescribed by the tax laws of the jurisdictions in which it operates. In the normal course of business, the Company is subject to examination by federal, state, local and foreign tax regulators. With limited exceptions, the Company is no longer subject to income tax audits by taxing authorities for any years before 2010. Although the outcome of tax audits is always uncertain, the Company does not believe the outcome of any future audit will have a material adverse effect on the Company's combined and consolidated financial statements.

SEGMENT_REPORTING

SEGMENT REPORTING (Ares Holdings, Inc. and Ares Investments LLC)	3 Months Ended
	Mar. 31, 2014
Ares Holdings, Inc. and Ares Investments LLC	'
SEGMENT REPORTING	'
	12. SEGMENT REPORTING
	The Company conducts its alternative asset management business through four operating segments:
	•
	Tradable Credit Group:  The Company's Tradable Credit Group is a participant in the tradable, non-investment grade corporate credit markets with approximately $31.4 billion of assets under management as of March 31, 2014. The group manages various types of investment funds, ranging from comingled and separately managed accounts for institutional investors to publicly traded vehicles and sub-advised funds for retail investors. While each of the group's approximately 70 funds is tailored to specific investment objectives, mandates can be broadly categorized between long-only credit and alternative credit investment strategies. Long-only credit funds primarily seek to outperform the corresponding performing bank loan or high yield market indices. Alternative credit funds primarily seek to deliver compelling absolute risk-adjusted returns relative to publicly traded stocks, hedge funds, distressed funds, bank loans, high yield bonds or other investment types.
	•
	Direct Lending Group:  The Company's Direct Lending Group is a direct lender to the U.S. and European markets, with approximately $27.6 billion of assets under management across over 30 funds or investment vehicles as of March 31, 2014. The group provides one-stop financing solutions to small-to-medium sized companies, which the Company believes are increasingly underserved by traditional lenders. The group launched its inaugural vehicle dedicated to direct lending, ARCC, ten years ago as a business development company. In 2007, the group extended its direct lending capabilities into Europe and raised its first dedicated fund. The group generates fees from over 30 other funds that include separately managed accounts for large institutional investors seeking tailored investment solutions, comingled funds and joint venture lending programs with affiliates of General Electric Company.
	•
	Private Equity Group:  The Company's Private Equity Group has approximately $9.8 billion of assets under management as of March 31, 2014. The group focuses on majority or shared-control investments, principally in under-capitalized companies. The group manages five private equity comingled funds which focus primarily on markets in North America, and to a lesser extent, Europe and Asia.
	•
	Real Estate Group:  The Company's Real Estate Group manages comprehensive public and private equity and debt strategies, with approximately $8.3 billion of assets under management as of March 31, 2014. The group focuses on lending and investing assets that have been under-managed or need repositioning in their markets. The group provides investors access to its capabilities through its publicly traded commercial mortgage REIT, ACRE, focused on direct lending on properties owned by commercial real estate sponsors and operators, U.S. and European real estate private equity comingled funds, separately managed accounts and other fund types. In addition to the $8.3 billion of assets under management, the Company services a portfolio of over $5.2 billion in mortgage loans principally through a subsidiary of ACRE.
	The Company established an Operations Management Group (the "OMG") that consists of five independent, shared resource groups to support the Company's operating segments by providing infrastructure and administrative support in the areas of accounting/finance, operations/information technology, business development, legal/compliance and human resources. Additionally, the OMG provides services to certain of the Company's investment companies and partnerships, which reimburse the OMG for expenses equal to the costs of services provided. The Company's clients seek to partner with investment management firms that not only have compelling investment track records across multiple investment products but also possess seasoned infrastructure support functions. As such, significant investments have been made to develop the OMG. The Company has successfully launched new business lines, integrated acquired businesses into the operations and created scale within the OMG to support a much larger platform in the future. The OMG's expenses are not allocated to the Company's four reportable segments but the Company does consider the cost structure of the OMG when evaluating its financial performance.
	Economic net income ("ENI") is a key performance indicator used in the alternative asset management industry. ENI represents net income excluding (a) income tax expense, (b) operating results of Consolidated Funds, (c) depreciation expense, (d) the effects of changes arising from corporate actions and (e) certain other items that the Company does not believe are indicative of its performance. Changes arising from corporate actions include equity-based compensation expenses, the amortization of intangible assets, transaction costs associated with acquisitions and capital transactions, placement fees and underwriting costs and expenses incurred in connection with corporate reorganization. The Company believes the exclusion of these items provides investors with a meaningful indication of the Company's core operating performance. ENI is evaluated regularly by management as a decision tool for deployment of resources and assess performances of each of the business segments. The Company believes that reporting ENI is helpful in understanding its business and that investors should review the same supplemental non-U.S. GAAP financial measures that management uses to analyze the segment performance. These measures supplement and should be considered in addition to, and not in lieu of, the Combined and Consolidated Statements of Operations prepared in accordance with U.S. GAAP.
	Fee related earnings ("FRE") is a component of ENI and is used to assess the ability of the business to cover direct base compensation and operating expenses from total management fees. FRE differs from income before taxes computed in accordance with U.S. GAAP as it adjusts for the items included in the calculation of ENI and excludes performance fee income, performance fee compensation expenses and investment income from Consolidated Funds and certain other items.
	Performance related earnings ("PRE") is a measure used to assess the Company's investment performance and its ability to cover performance fee compensation expenses from performance fee income and total investment income. PRE differs from income before taxes computed in accordance with U.S. GAAP as it only includes performance fee income, performance fee compensation expense and total investment income earned from Consolidated Funds and non-consolidated funds.
	Distributable earnings ("DE") is a pre-income tax measure that is used to assess performance and amounts potentially available for distributions to stakeholders. Distributable earnings is calculated as the sum of FRE, realized performance fees, realized performance fee compensation expense and realized net other income, and further adjusts for expenses arising from transaction costs associated with acquisitions, placement fees and underwriting costs, expenses incurred in connection with corporate reorganization and depreciation. Distributable earnings differs from income (loss) before taxes computed in accordance with U.S. GAAP as it is presented before giving effect to unrealized performance fee income, unrealized performance fee compensation expense, unrealized net investment income, amortization of intangibles, equity compensation expense and is further adjusted by certain items described in the table set forth in (d) below.
	Management makes operating decisions and assesses the performance of each of the Company's business segments based on financial and operating metrics and other data that is presented before giving effect to the consolidation of any of the Consolidated Funds. Consequently, all segment data excludes the assets, liabilities and operating results related to the Consolidated Funds and non-consolidated funds.
	The following table presents the financial results for the Company's operating segments, as well as the OMG, as of and for the three months ended March 31, 2014:
		Private			Direct			Tradable			Real			Total			OMG			Total
		Equity			Lending			Credit			Estate			Segments						Stand
		Group			Group			Group			Group									Alone
	Management fees
	Recurring fees (includes, in the case of the Direct Lending Group, $28,318 of ARCC Part I Fees)	$	23,196		$	66,204		$	33,693		$	16,768		$	139,861		$	—		$	139,861
	Previously deferred fees		—			—			—			—			—			—			—
	Total management fees		23,196			66,204			33,693			16,768			139,861			—			139,861
	Administrative fees and other income		76			90			17			1,290			1,473			5,392			6,865
	General, administrative and other expenses		(2,000	)		(1,914	)		(3,696	)		(4,267	)		(11,877	)		(13,535	)		(25,412	)
	Compensation and benefits		(8,195	)		(32,212	)		(10,805	)		(11,485	)		(62,697	)		(27,657	)		(90,354	)
	Fee related earnings (loss)		13,077			32,168			19,209			2,306			66,760			(35,800	)		30,960
	Performance fees—realized		13,086			39			10,213			—			23,338			—			23,338
	Performance fees—unrealized		21,341			2,292			13,509			2,950			40,092			—			40,092
	Performance fee compensation expense—realized		(10,472	)		(29	)		(5,506	)		—			(16,007	)		—			(16,007	)
	Performance fee compensation expense—unrealized		(16,912	)		(1,451	)		(6,355	)		—			(24,718	)		—			(24,718	)
	Net performance fees		7,043			851			11,861			2,950			22,705			—			22,705
	Investment income (loss)—realized		1,131			(597	)		18,018			730			19,282			—			19,282
	Investment income (loss)—unrealized		15,156			1,524			(12,866	)		(862	)		2,952			—			2,952
	Interest and other income		2,785			98			251			11			3,145			—			3,145
	Interest expense		(623	)		(304	)		(387	)		(325	)		(1,639	)		—			(1,639	)
	Net investment income (loss)		18,449			721			5,016			(446	)		23,740			—			23,740
	Performance related earnings		25,492			1,572			16,877			2,504			46,445			—			46,445
	Economic net income (loss)	$	38,569		$	33,740		$	36,086		$	4,810		$	113,205		$	(35,800	)	$	77,405
	Distributable earnings (loss)	$	18,698		$	31,158		$	40,704		$	1,499		$	92,059		$	(37,512	)	$	54,547
	Total assets	$	477,710		$	195,543		$	555,851		$	167,315		$	1,396,419		$	10,437		$	1,406,856
	The following table presents the financial results for the Company's operating segments, as well as the OMG, as of and for the three months ended March 31, 2013:
		Private			Direct			Tradable			Real			Total			OMG			Total
		Equity			Lending			Credit			Estate			Segments						Stand
		Group			Group			Group			Group									Alone
	Management fees
	Recurring fees (includes, in the case of the Direct Lending Group, $23,836 of ARCC Part I Fees)	$	23,543		$	51,450		$	30,031		$	2,467		$	107,491		$	—		$	107,491
	Previously deferred fees		—			—			1,139			—			1,139			—			1,139
	Total management fees		23,543			51,450			31,170			2,467			108,630			—			108,630
	Administrative fees and other income		117			83			—			5			205			4,455			4,660
	General, administrative and other expenses		(2,238	)		(1,802	)		(2,475	)		(1,258	)		(7,773	)		(5,554	)		(13,327	)
	Compensation and benefits		(6,596	)		(26,902	)		(8,767	)		(3,568	)		(45,833	)		(19,082	)		(64,915	)
	Fee related earnings (loss)		14,826			22,829			19,928			(2,354	)		55,229			(20,181	)		35,048
	Performance fees—realized		9,012			—			9,038			—			18,050			—			18,050
	Performance fees—unrealized		25,513			1,499			54,351			—			81,363			—			81,363
	Performance fee compensation expense—realized		(7,209	)		—			(36	)		—			(7,245	)		—			(7,245	)
	Performance fee compensation expense—unrealized		(20,269	)		(823	)		(34,665	)		—			(55,757	)		—			(55,757	)
	Net performance fees		7,047			676			28,688			—			36,411			—			36,411
	Investment income (loss)—realized		926			(825	)		19,513			(37	)		19,577			—			19,577
	Investment income (loss)—unrealized		2,424			3,839			(3,961	)		1,048			3,350			—			3,350
	Interest and other income		406			1,151			312			39			1,908			—			1,908
	Interest expense		(919	)		(637	)		(656	)		(213	)		(2,425	)		—			(2,425	)
Net investment income (loss)		2,837			3,528			15,208			837			22,410			—			22,410
Performance related earnings		9,884			4,204			43,896			837			58,821			—			58,821
Economic net income (loss)	$	24,710		$	27,033		$	63,824		$	(1,517	)	$	114,050		$	(20,181	)	$	93,869
Distributable earnings (loss)	$	16,752		$	22,342		$	47,607		$	(3,422	)	$	83,279		$	(20,472	)	$	62,807
Total assets	$	407,526		$	211,238		$	656,974		$	53,547		$	1,329,285		$	9,444		$	1,338,729
The following tables reconcile segment results to the Company's income before taxes and total assets:
	For the Three Months Ended March 31, 2014
	Total			Consolidation Adjustments			Consolidated
	Segments			and Reconciling Items			Results
Revenues	$	204,764	-1	$	(71,136	)(a)	$	133,628
Expenses		115,299	-2		68,831	(b)		184,130
Other income		23,740	-3		301,437	(c)		325,177
Economic net income / Income before taxes		113,205			161,470	(d)		274,675
Total assets		1,396,419			20,639,082	(e)		22,035,501
	For the Three Months Ended March 31, 2013
	Total			Consolidation Adjustments			Consolidated
	Segments			and Reconciling Items			Results
Revenues	$	208,248	-1	$	(100,711	)(a)	$	107,537
Expenses		116,608	-2		96,459	(b)		213,067
Other income		22,410	-3		330,704	(c)		353,114
Economic net income / Income before taxes		114,050			133,534	(d)		247,584
Total assets		1,329,285			23,898,471	(e)		25,227,756
-1
Segment revenues consist of management fees, administrative fees and other income, as well as realized and unrealized performance fees.
	March 31, 2014			March 31, 2013
Management fees	$	139,861		$	108,630
Administrative fees and other income		1,473			205
Performance fees—realized		23,338			18,050
Performance fees—unrealized		40,092			81,363
Total segment revenue	$	204,764		$	208,248
-2
Segment expenses consist of compensation and benefits, and general, administrative and other expenses, as well as realized and unrealized performance fee expenses.
	March 31, 2014			March 31, 2013
Compensation and benefits	$	62,697		$	45,833
General, administrative and other expenses		11,877			7,773
Performance fee compensation expense—realized		16,007			7,245
Performance fee compensation expense—unrealized		24,718			55,757
Total segment expense	$	115,299		$	116,608
-3
Segment other income consists of realized and unrealized investment income and expenses, interest and other income and interest expenses.
	March 31, 2014			March 31, 2013
Investment income (loss)—realized	$	19,282		$	19,577
Investment income (loss)—unrealized		2,952			3,350
Interest and other income		3,145			1,908
Interest expense		(1,639	)		(2,425	)
Net investment income	$	23,740		$	22,410
(a)
The revenues adjustment principally represents management and performance fees earned from Consolidated Funds which were eliminated in consolidation to arrive at Ares consolidated revenues.
	March 31, 2014			March 31, 2013
Consolidated Fund income eliminated in consolidation	$	(73,578	)	$	(105,166	)
Administrative fees and other income attributable to OMG		5,392			4,455
Performance fee reclass(1)		(2,950	)		—
Total consolidated adjustments and reconciling items	$	(71,136	)	$	(100,711	)
-1
Related to performance fees for AREA Sponsor Holdings LLC, an investment pool. Changes in value of this investment are reflected within other income (expense) in the Company's Combined and Consolidated Statements of Operations.
(b)
The expenses adjustment represents the addition of expenses of the Consolidated Funds to the Ares unconsolidated expenses, depreciation expense, equity-based compensation and expenses associated with acquisitions and corporate actions necessary to arrive at Ares consolidated expenses.
	March 31, 2014			March 31, 2013
Consolidated Fund expenses added in consolidation	$	40,637		$	122,345
Consolidated Fund expenses eliminated in consolidation		(31,700	)		(61,237	)
OMG expenses		41,192			24,636
Acquisition related expenses		1,421			750
Equity compensation expense		5,339			6,310
Income tax expenses(1)		—			41
Placement fees and underwriting costs		1,052			82
Amortization of intangibles		8,831			2,299
Depreciation expense		2,059			1,233
Total consolidation adjustments and reconciling items	$	68,831		$	96,459
-1
Relates to local income taxes paid by subsidiary operating entities included in general, administrative and other expenses.
(c)
The other income adjustment represents the addition of net investment income (loss) and net interest income (expense) to arrive at Ares consolidated other income.
	March 31, 2014			March 31, 2013
Other income from Consolidated Funds eliminated in consolidation, net	$	(22,630	)	$	(12,985	)
Consolidated Funds other income added in consolidation, net		321,117			343,689
Performance fee reclass(1)		2,950			—
Total consolidation adjustments and reconciling items	$	301,437		$	330,704
-1
Related to performance fees for AREA Sponsor Holdings LLC. Changes in value of this investment are reflected within other (income) expense in the Company's Combined and Consolidated Statements of Operations.
(d)
The reconciliation of income before taxes as reported in the Combined and Consolidated Statements of Operations to economic net income, to fee related earnings, to performance related earnings and to distributable earnings consists of the following:
	March 31, 2014			March 31, 2013
Economic net income
Income before taxes	$	274,675		$	247,584
Adjustments
Amortization of intangibles		8,831			2,299
Depreciation expense		2,059			1,233
Equity compensation expenses		5,339			6,310
Income tax expense(1)		—			41
Acquisition-related expenses		1,421			750
Placement fees and underwriting costs		1,052			82
OMG expenses, net		35,800			20,181
Income of non-controlling interests in Consolidated Funds		(225,181	)		(148,591	)
Income tax expense (benefit) of non-controlling interests in Consolidated Funds		9,209			(15,839	)
Economic net income	$	113,205		$	114,050
Fee related earnings
Income before taxes	$	274,675		$	247,584
Adjustments
Amortization of intangibles		8,831			2,299
Depreciation expense		2,059			1,233
Equity compensation expenses		5,339			6,310
Income tax expense(1)		—			41
Acquisition-related expenses		1,421			750
Placement fees and underwriting costs		1,052			82
OMG expenses, net		35,800			20,181
Income of non-controlling interests in Consolidated Funds		(225,181	)		(148,591	)
Income tax (expense) benefit of non-controlling interests in Consolidated Funds		9,209			(15,839	)
Total consolidation adjustments and reconciling items		(161,470	)		(133,534	)
Economic net income		113,205			114,050
Total performance fee income—realized		(23,338	)		(18,050	)
Total performance fee income—unrealized		(40,092	)		(81,363	)
Total performance fee expense—realized		16,007			7,245
Total performance fee expense—unrealized		24,718			55,757
Net investment income		(23,740	)		(22,410	)
Fee related earnings	$	66,760		$	55,229
Management fees	$	139,861		$	108,630
Administrative fees and other income		1,473			205
Compensation and benefits		(62,697	)		(45,833	)
General, administrative and other expenses		(11,877	)		(7,773	)
Fee related earnings	$	66,760		$	55,229
	March 31, 2014			March 31, 2013
Performance related earnings:
Income before taxes	$	274,675		$	247,584
Adjustments
Amortization of intangibles		8,831			2,299
Depreciation expense		2,059			1,233
Equity compensation expenses		5,339			6,310
Income tax expense(1)		—			41
Acquisition-related expenses		1,421			750
Placement fees and underwriting costs		1,052			82
OMG expenses, net		35,800			20,181
Income of non-controlling interests in Consolidated Funds		(225,181	)		(148,591	)
Income tax expense (benefit) of non-controlling interests in Consolidated Funds		9,209			(15,839	)
Economic net income		113,205			114,050
Total management fees	$	(139,861	)	$	(108,630	)
Administrative fees and other income		(1,473	)		(205	)
Compensation and benefits		62,697			45,833
General, administrative and other expenses		11,877			7,773
Performance related earnings	$	46,445		$	58,821
Total performance fee income—realized	$	23,338		$	18,050
Total performance fee income—unrealized		40,092			81,363
Total performance fee expense—realized		(16,007	)		(7,245	)
Total performance fee expense—unrealized		(24,718	)		(55,757	)
Net investment income		23,740			22,410
Performance related earnings	$	46,445		$	58,821
-1
Relates to local income taxes paid by subsidiary operating entities included in general, administrative and other expenses.
	March 31, 2014			March 31, 2013
Distributable Earnings
Income before taxes	$	274,675		$	247,584
Adjustments
Amortization of intangibles		8,831			2,299
Equity compensation expenses		5,339			6,310
OMG distributable loss(1)		37,512			20,472
Income of non-controlling interests in Consolidated Funds		(225,181	)		(148,591	)
Income tax (expense) benefit of non-controlling interests in Consolidated Funds		9,209			(15,839	)
Unrealized performance fee		(40,092	)		(81,363	)
Unrealized performance fee compensation expense		24,718			55,757
Unrealized investment and other loss		(2,952	)		(3,350	)
Distributable Earnings	$	92,059		$	83,279
Fee related earnings	$	66,760		$	55,229
Performance fees—realized		23,338			18,050
Performance fee compensation expense—realized		(16,007	)		(7,245	)
Other income realized, net		20,788			19,060
Net performance fee—realized		28,119			29,865
Less:
One-time acquisition costs		—			(750	)
Income tax expense(2)		—			(41	)
Placement fees and underwriting costs		(1,052	)		(82	)
Non-cash depreciation and amortization(3)		(1,768	)		(942	)
Distributable earnings	$	92,059		$	83,279
-1
Represents OMG distributable earnings which includes depreciation expense.
-2
Relates to local income taxes paid by subsidiary operating entities included in general, administrative and other expenses.
-3
Depreciation and amortization is reduced by the amounts attributed to OMG equal to $291 and $291 for the periods ended March 31, 2014 and 2013, respectively.
(e)
The reconciliation of total segment assets to total assets reported in the Combined and Consolidated Statements of Financial Condition consists of the following:
	March 31, 2014			March 31, 2013
Total assets from Consolidated Funds eliminated in consolidation	$	(791,639	)	$	(829,629	)
Total assets from Consolidated Funds added in consolidation		21,420,284			24,718,656
OMG assets		10,437			9,444
Total consolidation adjustments and reconciling items	$	20,639,082		$	23,898,471

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS (Ares Holdings, Inc. and Ares Investments LLC)	3 Months Ended
	Mar. 31, 2014
Ares Holdings, Inc. and Ares Investments LLC	'
SUBSEQUENT EVENTS	'
	13. SUBSEQUENT EVENTS
	The Company has evaluated the possibility of subsequent events existing in the Company's financial statements through the date of issuance, and has determined that the following events require disclosure in the Company's financial statements.
	On April 4, 2014, the Company made a distribution from AI of $150.0 million, a portion of which related to previously undistributed earnings, to its members. On April 24, 2014, the Company made a distribution equal to 85.0% of pre-tax distributable earnings to its members in the aggregate amount of $46.0 million.
	On May 1, 2014, in connection with the initial public offering ("IPO") of common units representing limited partnership interests in Ares Management, L.P., Ares Holdings LLC, the immediate parent of AM LLC, was converted into a limited partnership, Ares Holdings L.P. ("Ares Holdings"), and Ares Investments LLC was converted into a limited partnership, Ares Investments L.P. ("Ares Investments"). In addition, Ares Domestic Holdings L.P. ("Ares Domestic"), Ares Offshore Holdings L.P. ("Ares Offshore") and Ares Real Estate Holdings L.P. ("Ares Real Estate") were formed. Ares Holdings, Ares Domestic, Ares Offshore, Ares Investments and Ares Real Estate are collectively referred to as the "Ares Operating Group." The Ares Operating Group holds:
	•
	in the case of Ares Holding, interests in the general partners, managing members and other management interests of the U.S. fee-generating and most of the non-U.S. fee generating business as well as certain investments;
	•
	in the case of Ares Domestic, interests in certain U.S. investments that are fiscally transparent for U.S. federal income tax purposes;
	•
	in the case of Ares Offshore, interests in the general partners of certain non-U.S. direct lending and tradable credit funds and certain other private equity and real estate funds;
	•
	in the case of Ares Investments, interests in the general partners of certain U.S. and non-U.S. tradable credit funds, certain U.S. and non-U.S. private equity funds, certain real estate funds and other investment assets, in each case that are expected to produce primary interest, dividend income, capital gains and non-U.S. rental income; and
	•
	in the case of Ares Real Estate, interests in the general partners of certain of the real estate funds and certain other real estate investments.
	Prior to the IPO, APMC was converted into a limited partnership and renamed Ares Owners Holding L.P. In exchange for its interest in the Ares Management, L.P., prior to the consummation of the initial public offering, Ares Owners Holdings L.P. transferred to the Ares Management, L.P. its interests in each of AHI, Ares Domestic Holdings Inc., Ares Offshore Holdings, Ltd., Ares Real Estate Holdings LLC and a portion of its interest in Ares Investments. Similarly, the Abu Dhabi Investment Authority contributed its direct interest in AHI to its affiliate, AREC Holdings Ltd., a Cayman Islands exempted company ("AREC"), and subsequently, in exchange for its interest in the Ares Management, L.P., AREC transferred to Ares Management, L.P. its interest in each of AHI, Ares Domestic, Ares Offshore, Ares Investments and Ares Real Estate. As a result of the foregoing, Ares Owners Holdings L.P. holds 34,540,079 common units in Ares Management, L.P. and AREC holds 34,538,155 common units in Ares Management, L.P.. Following the foregoing exchanges, Ares Owners Holding L.P. retained a 59.21% direct interest, or 118,421,766 partnership units in each of the Ares Operating Group entities (collectively, the "Ares Operating Group Units"), in each of the Ares Operating Group entities. AREC has no direct interest in the Ares Operating Group entities. An affiliate of Alleghany Corporation ("Alleghany") owns a 6.25% direct interest, or 12,500,000 Ares Operating Group Units, in each of the Ares Operating Group entities.
	On May 7, 2014, Ares Management, L.P. issued 11,363,636 common units in the IPO at $19.00 per common unit. In addition, on June 4, 2014, the Company issued an additional 225,794 common units at $19.00 per common unit pursuant to the partial exercise by the underwriters of their overallotment option. Total proceeds from the IPO, including from the partial exercise by the underwriters of their overallotment option, net of underwriting discounts, were $209.2 million.
	Following the IPO, Ares Management, L.P.is a holding partnership and, either directly or through direct subsidiaries, controls and holds equity interests in each of the Ares Operating Group entities, which in turn own the operating entities included in the historical combined and consolidated financial statements. Ares Management, L.P. conducts all of the material business activities through the Ares Operating Group entities. Ares Management, L.P., either directly or through direct subsidiaries, is the general partner of each of the Ares Operating Group entities. In addition, Ares Management, L.P. consolidates the financial results of the Ares Operating Group entities, their consolidated subsidiaries and certain Consolidated Funds. Following the IPO, Ares Management, L.P.'s senior professional owners hold their ownership interest in common units of Ares Management, L.P. and in the Ares Operating Group Units either directly or indirectly through Ares Owners Holding L.P. Ares Management, L.P. entered into an exchange agreement with the holders of Ares Operating Group units so that such holders, subject to any applicable transfer restrictions and other provisions, may up to four times each year from and after the second anniversary of the date of the closing of the IPO exchange their Ares Operating Group Units for common units in Ares Management, L.P. on a one-for-one basis (provided that Alleghany may exchange up to half of its Ares Operating Group Units from and after the first anniversary of the IPO). Following the consummation of the IPO, including the partial exercise by the underwriters of their overallotment option, assuming no exchange of Ares Operating Group Units for common units in Ares Management, L.P., Ares Owners Holdings L.P. holds a 42.82% direct interest in Ares Management, L.P., AREC holds a 42.82% direct interest in Ares Management, L.P. and the public holds a 14.37% direct interest in Ares Management, L.P.
	Following the consummation of the IPO, including the partial exercise by the underwriters of their overallotment option, Ares Owners Holdings L.P. holds a 72.29% direct and indirect interest in the Ares Operating Group, an affiliate of Alleghany holds a 5.91% direct interest in the Ares Operating Group, AREC holds a 16.32% indirect interest in the Ares Operating Group and the public holds 5.48% indirect interest in the Ares Operating Group.
	The diagram below (which omits certain wholly owned intermediate holding companies) depicts Ares Management, L.P.'s organizational structure following the IPO, including the partial exercise by the underwriters of their overallotment option. Entities are generally organized in the State of Delaware, except as otherwise indicated:
	Ares Management, L.P. used the net proceeds of the IPO to purchase newly issued Ares Operating Group Units concurrently with the consummation of the IPO, and to partially repay outstanding borrowing under its credit facility and for general corporate purposes and to fund growth initiatives. The Ares Operating Group reimbursed Ares Management, L.P. for all of the offering related expenses of the IPO, which were approximately $27.7 million except the underwriters' commissions.
	On May 7, 2014, the credit facility was amended and restated to provide for a $1.03 billion revolving credit facility. Under the amended credit facility, the Ares Operating Group entities replaced AM LLC and AIH LLC as borrowers. Consistent with the previous credit facility, interest rates are dependent upon corporate credit ratings. As of May 7, 2014, base rate loans bear interest calculated based on the base rate plus 0.75% and the LIBOR rate loans bear interest calculated based on LIBOR rate plus 1.75%. Unused commitment fees are payable at a rate of 0.25% per annum. The credit facility's maturity was extended to April 30, 2019. The Company repaid $163.3 million of outstanding balance under the credit facility from proceeds of the IPO on May 7, 2014.
	In June 2014, an affiliate of the Company completed the acquisition of 100% ownership in Keltic Financial Services LLC ("Keltic"), a commercial finance company headquartered in New York that provides asset based loans to small and middle market companies. In conjunction with the acquisition of Keltic, an affiliate of the Company also acquired substantially all of the assets of Keltic Financial Partners II, to which Keltic acts as the general partner.

CONSOLIDATING_SCHEDULES

CONSOLIDATING SCHEDULES (Ares Holdings, Inc. and Ares Investments LLC)	3 Months Ended
	Mar. 31, 2014
Ares Holdings, Inc. and Ares Investments LLC	'
CONSOLIDATING SCHEDULES	'
	14. CONSOLIDATING SCHEDULES
	The following supplemental financial information illustrates the consolidating effects of the Consolidated Funds on the Company's financial condition as of March 31, 2014 and December 31, 2013, and results from operations for the three months ended March 31, 2014 and 2013.
		For the Three Months Ended March 31, 2014
		Consolidated			Consolidated			Eliminations			Consolidated
		Company Entities			Funds
	Assets
	Cash and cash equivalents	$	36,634		$	—		$	—		$	36,634
	Restricted cash and cash equivalents		7,657			—			—			7,657
	Investments, at fair value		519,750			—			(398,142	)		121,608
	Performance fees receivable		490,883			—			(354,453	)		136,430
	Derivative assets, at fair value		1,132			—			—			1,132
	Due from affiliates		136,986			—			(17,656	)		119,330
	Intangible assets, net		59,938			—			—			59,938
	Goodwill		60,531			—			—			60,531
	Other assets		93,345			—			(21,388	)		71,957
	Assets of Consolidated Funds
	Cash and cash equivalents		—			1,276,657			—			1,276,657
	Investments, at fair value		—			19,485,067			—			19,485,067
	Due from affiliates		—			9,930			—			9,930
	Dividends and interest receivable		—			170,490			—			170,490
	Receivable for securities sold		—			447,263			—			447,263
	Derivative assets, at fair value		—			8,961			—			8,961
	Other assets		—			21,916			—			21,916
	Total assets	$	1,406,856		$	21,420,284		$	(791,639	)	$	22,035,501
	Liabilities
	Debt obligations	$	172,119		$	—		$	—		$	172,119
	Accounts payable, accrued expenses and other liabilities		63,621			—			—			63,621
	Deferred tax liability, net		20,793			—			—			20,793
	Performance fee compensation payable		304,015			—			—			304,015
	Derivative liabilities, at fair value		2,942			—			—			2,942
	Accrued compensation		55,557			—			—			55,557
	Due to affiliates		22,410			—			902			23,312
	Liabilities of Consolidated Funds
	Accounts payable, accrued expenses and other liabilities		—			66,010			—			66,010
	Payable for securities purchased		—			601,349			—			601,349
	Derivative liabilities, at fair value		—			53,643			—			53,643
	Due to affiliates		—			83,649			(81,119	)		2,530
	Deferred tax liability		—			20,449			—			20,449
	CLO loan obligations		—			11,330,112			(54,255	)		11,275,857
	Fund borrowings		—			1,769,737			—			1,769,737
	Mezzanine debt		—			327,892			—			327,892
	Total liabilities		641,457			14,252,841			(134,472	)		14,759,826
	Commitments and contingencies
	Redeemable interest in Consolidated Funds		—			1,119,585			—			1,119,585
	Redeemable interest in AHI, AI and consolidated subsidiaries		43,587			—			—			43,587
	Non-controlling interest in Consolidated Funds:
	Non-controlling interest in Consolidated Funds		—			5,941,100			(657,167	)		5,283,933
	Equity appropriated for Consolidated Funds		—			106,758			—			106,758
	Non-controlling interest in Consolidated Funds		—			6,047,858			(657,167	)		5,390,691
	Non-controlling interest in equity of AHI, AI and consolidated subsidiaries		178,543			—			—			178,543
	Controlling interest in equity of AHI, AI and consolidated subsidiaries:
	Members' equity		350,862			—			—			350,862
	Common stock (class A shares, 50,000 authorized, 5,010 shares issued and outstanding, $0.001 par value)		0			—			—			0
	Additional paid in capital		315,553			—			—			315,553
	Retained earnings		(124,408	)		—			—			(124,408	)
	Accumulated other comprehensive gain		1,262			—			—			1,262
	Total controlling interest in equity of AHI, AI and consolidated subsidiaries		543,269			—			—			543,269
	Total equity		721,812			6,047,858			(657,167	)		6,112,503
	Total liabilities, redeemable interests, non-controlling interests and equity	$	1,406,856		$	21,420,284		$	(791,639	)	$	22,035,501
		For the Three Months Ended March 31, 2014
		Consolidated			Consolidated			Eliminations			Consolidated
		Company Entities			Funds
	Revenues
Management fees (includes ARCC Part I Fees of $28,318)	$	139,861		$	—		$	(29,312	)	$	110,549
Performance fees		60,480			—			(44,266	)		16,214
Other fees		6,865			—			—			6,865
Total revenues		207,206			—			(73,578	)		133,628
Expenses
Compensation and benefits		95,693			—			—			95,693
Performance fee compensation		40,725			—			—			40,725
General, administrative and other expense		38,775			—			—			38,775
Consolidated Fund expenses		—			40,637			(31,700	)		8,937
Total expenses		175,193			40,637			(31,700	)		184,130
Other income (expense)
Interest and other income		3,483			—			(3,359	)		124
Interest expense		(1,639	)		—			—			(1,639	)
Net realized gain (loss) on investments		19,281			—			(19,347	)		(66	)
Net change in unrealized appreciation (depreciation) on investments		5,565			—			(1,419	)		4,146
Interest and other income of Consolidated Funds		—			345,476			(131	)		345,345
Interest expense of Consolidated Funds		—			(145,737	)		695			(145,042	)
Net realized gain on investments of Consolidated Funds		—			54,965			—			54,965
Net change in unrealized appreciation on investments of Consolidated Funds		—			66,413			931			67,344
Total other income		26,690			321,117			(22,630	)		325,177
Income before taxes		58,703			280,480			(64,508	)		274,675
Income tax expense (benefit)		2,514			(9,209	)		—			(6,695	)
Net income		56,189			289,689			(64,508	)		281,370
Less: Net income attributable to non-controlling interests and redeemable non-controlling interests in Consolidated Funds		—			289,689			(64,508	)		225,181
Less: Net income attributable to non-controlling interests in consolidated subsidiaries		13,342			—			—			13,342
Net income attributable to controlling interests in AHI, AI and consolidated subsidiaries	$	42,847		$	—		$	—		$	42,847
	For the Year Ended December 31, 2013
	Consolidated			Consolidated			Eliminations			Consolidated
	Company Entities			Funds
Assets
Cash and cash equivalents	$	89,802		$	—		$	—		$	89,802
Restricted cash and cash equivalents		13,344			—			—			13,344
Investments, at fair value		504,291			—			(414,853	)		89,438
Performance fees receivable		481,751			—			(344,069	)		137,682
Derivative assets, at fair value		1,164			—			—			1,164
Due from affiliates		130,625			—			(21,705	)		108,920
Intangible assets, net		68,742			—			—			68,742
Goodwill		58,159			—			—			58,159
Other assets		96,904			—			(23,304	)		73,600
Assets of Consolidated Funds
Cash and cash equivalents		—			1,638,003			—			1,638,003
Investments, at fair value		—			20,823,338			—			20,823,338
Due from affiliates		—			2,010			—			2,010
Dividends and interest receivable		—			133,158			—			133,158
Receivable for securities sold		—			427,871			—			427,871
Derivative assets, at fair value		—			14,625			—			14,625
Other assets		—			27,505			(1,977	)		25,528
Total assets	$	1,444,782		$	23,066,510		$	(805,908	)	$	23,705,384
Liabilities
Debt obligations	$	153,119		$	—		$	—		$	153,119
Accounts payable, accrued expenses and other liabilities		69,550			—			(2,064	)		67,486
Deferred tax liability, net		21,002			—			—			21,002
Performance fee compensation payable		295,978			—			—			295,978
Derivative liabilities, at fair value		2,907			—			—			2,907
Accrued compensation		132,917			—			—			132,917
Due to affiliates		35,149			—			(2,459	)		32,690
Liabilities of Consolidated Funds
Accounts payable, accrued expenses and other liabilities		—			95,839			—			95,839
Payable for securities purchased		—			945,115			—			945,115
Derivative liabilities, at fair value		—			75,115			—			75,115
Due to affiliates		—			92,211			(89,516	)		2,695
Securities sold short, at fair value		—			1,633			—			1,633
Deferred tax liability		—			35,904			—			35,904
CLO loan obligations		—			11,838,396			(64,239	)		11,774,157
Fund borrowings		—			2,070,598			—			2,070,598
Mezzanine debt		—			323,164			—			323,164
Total liabilities		710,622			15,477,975			(158,278	)		16,030,319
Commitments and contingencies
Redeemable interest in Consolidated Funds		—			1,093,770			—			1,093,770
Redeemable interest in AHI, AI and consolidated subsidiaries		40,751			—			—			40,751
Non-controlling interest in Consolidated Funds:
Non-controlling interest in Consolidated Funds		—			6,339,504			(647,630	)		5,691,874
Equity appropriated for Consolidated Funds		—			155,261			—			155,261
Non-controlling interest in Consolidated Funds		—			6,494,765			(647,630	)		5,847,135
Non-controlling interest in equity of AHI, AI and consolidated subsidiaries		167,731			—			—			167,731
Controlling interest in equity of AHI, AI and consolidated subsidiaries:
Members' equity		321,891			—			—			321,891
Common stock (class A shares, 50,000 authorized, 5,010 shares issued and outstanding, $0.001 par value)		0			—			—			0
Additional paid in capital		338,375			—			—			338,375
Retained earnings		(135,573	)		—			—			(135,573	)
Accumulated other comprehensive gain		985			—			—			985
Total controlling interest in equity of AHI, AI and consolidated subsidiaries		525,678			—			—			525,678
Total equity		693,409			6,494,765			(647,630	)		6,540,544
Total liabilities, redeemable interests, non-controlling interests and equity	$	1,444,782		$	23,066,510		$	(805,908	)	$	23,705,384
	For the Three Months Ended March 31, 2013
	Consolidated			Consolidated			Eliminations			Consolidated
	Company Entities			Funds
Revenues
Management fees (includes ARCC Part I Fees of $23,836)	$	108,630		$	—		$	(30,236	)	$	78,394
Performance fees		99,413			—			(74,259	)		25,154
Other fees		4,660			—			(671	)		3,989
Total revenues		212,703			—			(105,166	)		107,537
Expenses
Compensation and benefits		71,975			—			—			71,975
Performance fee compensation		63,002			—			—			63,002
General, administrative and other expense		16,982			—			—			16,982
Consolidated Fund expenses		—			122,345			(61,237	)		61,108
Total expenses		151,959			122,345			(61,237	)		213,067
Other income (expense)
Interest and other income		2,208			—			(1,557	)		651
Interest expense		(2,425	)		—			—			(2,425	)
Net realized gain (loss) on investments		19,577			—			(20,714	)		(1,137	)
Net change in unrealized appreciation on investments		3,050			—			5,235			8,285
Interest and other income of Consolidated Funds		—			311,686			(196	)		311,490
Interest expense of Consolidated Funds		—			(131,178	)		5,220			(125,958	)
Net realized gain on investments of Consolidated Funds		—			57,956			—			57,956
Net change in unrealized appreciation (depreciation) on investments of Consolidated Funds		—			105,225			(973	)		104,252
Total other income		22,410			343,689			(12,985	)		353,114
Income before taxes		83,154			221,344			(56,914	)		247,584
Income tax expense		8,611			15,839			—			24,450
Net income		74,543			205,505			(56,914	)		223,134
Less: Net income attributable to non-controlling interests and redeemable non-controlling interests in Consolidated Funds		—			205,505			(56,914	)		148,591
Less: Net income attributable to non-controlling interests in consolidated subsidiaries		12,601			—			—			12,601
Net income attributable to controlling interests in AHI, AI and consolidated subsidiaries	$	61,942		$	—		$	—		$	61,942

SUMMARY_OF_SIGNIFICANT_ACCOUNT3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2014
Basis of Accounting	'
	Basis of Accounting—The statement of financial condition has been prepared in accordance with accounting principles generally accepted in the United States of America. Separate statements of operations, changes in equity and cash flows have not been presented in the financial statements because there have been no activities of this entity that would impact those statements.
Ares Holdings, Inc. and Ares Investments LLC	'
Principles of Consolidation	'
	Principles of Consolidation
	The Company consolidates those entities in which it has a direct and indirect controlling financial interest based on either a variable interest model or voting interest model. As such, the Company consolidates (a) entities in which it holds a majority voting interest or has majority ownership and control over the operational, financial and investing decisions of that entity, including Ares-affiliates and affiliated funds and co-investment entities for which the Company is the general partner and is presumed to have control and (b) entities that the Company concludes are variable interest entities ("VIEs"), including limited partnerships in which the Company has a nominal economic interest and CLOs for which the Company is deemed to be the primary beneficiary.
	With respect to the Consolidated Funds, which typically represent limited partnerships and single member limited liability companies, the Company earns a fixed management fee based on invested capital or a derivation thereof, and a performance fee based upon the investment returns in excess of a stated benchmark or hurdle rate. The Company, as the general partner of various funds, generally has operational discretion and control, and limited partners have no substantive rights to impact ongoing governance and operating activities of the fund. Such a fund is required to be consolidated unless the Company has a less than significant level of equity at risk. The fund is typically considered a VIE as described below, to the extent that the Company's equity at risk is less than significant in a given fund and it has no obligation to fund any future losses. In these cases, the fund investors are generally deemed to be the primary beneficiaries, and the Company does not consolidate the fund. In cases where the Company's equity at risk is deemed to be significant, the fund is generally not considered to be a VIE, and the Company will generally consolidate the fund unless the limited partners are granted substantive rights to remove the general partner or liquidate the partnership, also known as kick-out rights.
	Variable Interest Model.    The Company consolidates entities that are determined to be VIEs where the Company is deemed to be the primary beneficiary. An entity is determined to be the primary beneficiary if it holds a controlling financial interest. A controlling financial interest is defined as (a) the power to direct the activities of a VIE that most significantly impact the entity's business and (b) the obligation to absorb losses of the entity or the right to receive benefits from the entity that could potentially be significant to the VIE. The consolidation rules, which were revised effective January 1, 2010, require an analysis to determine whether (i) an entity in which the Company holds a variable interest is a VIE and (ii) the Company's involvement, through holding interests directly or indirectly in the entity or contractually through other variable interests (e.g., management and performance related fees), would give the Company a controlling financial interest. The consolidation rules may be deferred for VIEs if the VIE and the reporting entity's interest in VIE meet deferral conditions set forth in FASB Accounting Standards Codification ("ASC") 810-10-65-2. Certain limited partnerships meet the deferral conditions if: (a) the limited partnerships generally have all the attributes of an investment company, (b) the Company does not have the obligation to fund losses of the limited partnership and (c) the limited partnership is not a securitization, asset-backed financing entity or qualifying special purpose vehicle. Where a VIE qualifies for the deferral of the consolidation rules, the analysis is based on consolidation rules prior to January 1, 2010. These rules require an analysis to determine (i) whether an entity in which the Company holds a variable interest is a VIE and (ii) whether the Company's involvement, through holding interests directly or indirectly in the entity or contractually through other variable interests (e.g., management and performance related fees) would be expected to absorb a majority of the variability of the entity. Under either guideline, the Company determines whether it is the primary beneficiary of a VIE at the time it becomes involved with a VIE and reconsiders the conclusion at each reporting date. In evaluating whether the Company is the primary beneficiary, the Company evaluates its direct and indirect economic interests in the entity. The consolidation analysis is generally performed qualitatively; however, if the primary beneficiary is not readily determinable, a quantitative assessment may also be performed. This analysis requires judgment. These judgments include: (1) determining whether the equity investment at risk is sufficient to permit the entity to finance its activities without additional subordinated financial support, (2) evaluating whether the equity holders, as a group, can make decisions that have a significant effect on the success of the entity, (3) determining whether two or more parties' equity interests should be aggregated, (4) determining whether the equity investors have proportionate voting rights to their obligations to absorb losses or rights to receive returns from an entity, (5) evaluating the nature of relationships and activities of the parties involved in determining which party within a related-party group is most closely associated with a VIE and (6) estimating cash flows in evaluating which member within the equity group absorbs a majority of the expected losses and hence would be deemed the primary beneficiary.
	Certain funds that have historically been consolidated in the financial statements are no longer consolidated because, as of the reporting period, they were: (a) liquidated, (b) the Company no longer holds a majority voting interest or (c) the Company is no longer deemed to be the primary beneficiary of the VIEs as it has no economic interest, no obligation to absorb losses and no rights to receive benefits from the VIEs.
Basis of Accounting	'
	Basis of Accounting
	The accompanying financial statements are prepared in accordance with U.S. GAAP. Management has determined that the Company's Consolidated Funds are investment companies under U.S. GAAP for the purposes of financial reporting based on the following characteristics: the Consolidated Fund obtains funds from one or more investors and provides investment management services, and the Consolidated Fund's business purpose and substantive activities are investing funds for returns from capital appreciation and/or investment income. Therefore, U.S. GAAP for an investment company requires investments to be recorded at fair value and the unrealized appreciation (depreciation) in an investment's fair value is recognized on a current basis in the Combined and Consolidated Statements of Operations. Additionally, the Consolidated Funds do not consolidate their majority-owned and controlled investments in portfolio companies. In the preparation of these combined and consolidated financial statements, the Company has retained the specialized accounting guidance for the Consolidated Funds under U.S. GAAP.
	All of the investments held and CLO loan obligations issued by the Consolidated Funds are presented at their estimated fair values in the Company's Combined and Consolidated Statements of Financial Condition. The excess of the CLO assets over the CLO liabilities upon consolidation is reflected in the Company's Combined and Consolidated Statements of Financial Condition as equity appropriated for Consolidated Funds. Net income attributable to the investors in the CLOs is included in net income (loss) attributable to non-controlling interests in consolidated entities in the Combined and Consolidated Statements of Operations and equity appropriated for Consolidated Funds in the Combined and Consolidated Statements of Financial Condition.
Use of Estimates	'
	Use of Estimates
	The preparation of financial statements in conformity with U.S. GAAP requires management to make assumptions and estimates that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Management's estimates are based on historical experiences and other factors, including expectations of future events that management believes to be reasonable under the circumstances. These assumptions and estimates require management to exercise judgment in the process of applying the Company's accounting policies. Assumptions and estimates regarding the valuation of investments and their resulting impact on performance fee revenue and performance fee compensation involve a higher degree of judgment and complexity, and these assumptions and estimates may be significant to the combined and consolidated financial statements. Actual results could differ from these estimates and such differences could be material. Certain comparative amounts for prior periods have been reclassified to conform with the current year's presentation.
Goodwill and Intangible Assets	'
	Goodwill and Intangible Assets
	The Company's finite-lived intangible assets consist of contractual rights to earn future management fees and performance fees from investment funds it acquires. Finite-lived intangibles are amortized on a straight-line basis over their estimated useful lives, ranging from approximately 1 to 10 years. Finite-lived intangible assets arise from the Company's acquisition of management contracts, which provide the right to receive future fee income. The purchase price is treated as an intangible asset and is amortized over the life of the contracts. Amortization is included as part of general, administrative and other expense in the Combined and Consolidated Statements of Operations.
	The Company tests finite-lived intangibles for impairment if certain events occur or circumstances change that indicate the carrying amount of an intangible may not be recoverable. The Company will use a two-step process to evaluate impairment. The first step compares the estimated undiscounted future cash flow attributable to the intangible being evaluated with its carrying amount. The second step, used to measure the amount of potential impairment, compares the fair value of the intangible with their carrying amount.
	The Company tests goodwill annually for impairment. If, after assessing qualitative factors, the Company believes that it is more likely than not that the fair value of the reporting unit is less than its carrying value, the Company will use a two-step process to evaluate impairment. The first step compares the fair value of the reporting unit with its carrying amount, including goodwill. The second step, used to measure the amount of any potential impairment, compares the implied fair value of the reporting unit with the carrying amount of goodwill.
	The Company also tests goodwill for impairment in other periods if an event occurs or circumstances change such that is more likely than not to reduce the fair value of the reporting unit below its carrying amounts. Inherent in such fair value determinations are certain judgments and estimates relating to future cash flows, including the Company's interpretation of current economic indicators and market valuations, and assumptions about the Company's strategic plans with regard to its operations. Due to the uncertainties associated with such estimates, actual results could differ from such estimates.
	Goodwill is not amortized and is not deductible for income tax purposes.
Recent Accounting Pronouncements	'
	Recent Accounting Pronouncements
	In June 2013, FASB issued guidance to clarify the characteristics of an investment company and to provide guidance for assessing whether an entity is an investment company. Consistent with existing guidance for investment companies, all investments are to be measured at fair value including non-controlling ownership interests in other investment companies. There are no changes to the current requirements relating to the retention of specialized accounting in the consolidated financial statements of a non-investment company parent. The guidance is effective for interim and annual periods beginning after December 15, 2013. The Company adopted this guidance as of January 1, 2014, and the adoption did not have a material impact on its financial statements.
	In July 2013, FASB issued guidance to eliminate the diversity in practice on the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss or a tax credit carryforward exists. Under the new guidance, an unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss or a tax credit carry forward, with exceptions as defined. The guidance does not require new recurring disclosures. The guidance applies to all entities that have unrecognized tax benefits when a net operating loss carryforward, a similar tax loss or a tax credit carryforward exists at the reporting date. The guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. The Company adopted this guidance as of January 1, 2014, and the adoption did not have a material impact on its financial statements.
	In May 2014, FASB and International Accounting Standards Board (IASB) jointly issued a new revenue recognition standard that will improve financial reporting by creating common recognition guidance for U.S. GAAP and International Financial reporting Standard ("IFRS"). The standard affects any entity using U.S. GAAP that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards (e.g., insurance contracts or lease contracts). It will supersede the revenue recognition requirements in Topic 605, Revenue Recognition, and most industry-specific guidance. It will also supersede some cost guidance included in Subtopic 605-35, Revenue Recognition—Construction-Type and Production-Type Contracts. In addition, the existing requirements for the recognition of a gain or loss on the transfer of nonfinancial assets that are not in a contract with a customer (e.g., assets within the scope of Topic 360, Property, Plant, and Equipment, and intangible assets within the scope of Topic 350, Intangibles—Goodwill and Other) are amended to be consistent with the guidance on recognition and measurement (including the constraint on revenue) in this standard. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early application is not permitted. The Company continues to evaluate the impact this guidance will have on its financial statements.

INVESTMENTS_Tables

INVESTMENTS (Tables)	3 Months Ended
	Mar. 31, 2014
AIH LLC	'
INVESTMENTS	'
Summary of investments held	'
		Fair value at					Fair value as a
							percentage of total
							investments at
		March 31,		December 31,			March 31,			December 31,
		2014		2013			2014			2013
	Private Investment Partnership Interests:
	Ares Credit Strategies Fund II, L.P.	$	884	$	1,998			0.7	%		2.2	%
	Ares Credit Strategies Fund III, L.P.		18		—			0	%		—
	Ares Strategic Investment Partners, L.P.		77		—			0.1	%		—
	Ares Strategic Investment Partners III, L.P.		2,757		2,714			2.3	%		3	%
	Ares Corporate Opportunities Fund, L.P.(1)		1,116		1,009			0.9	%		1.1	%
	Ares Special Situations Fund III, L.P.		26,235		24,253			21.6	%		27.2	%
	Ares SSF Riopelle, L.P.		2,223		—			1.8	%		—
	Ares Enhanced Loan Investment Strategy IX, L.P.		517		512			0.4	%		0.6	%
	Ares Europe CSF Fund (C) LP		581		301			0.5	%		0.3	%
	Ares Multi-Strategy Credit Fund V (H), L.P.		1,054		1,022			0.9	%		1.1	%
	AREA European Property Enhancement Program L.P.		1,344		1,735			1.1	%		1.9	%
	AREA Sponsor Holdings LLC		32,294		31,560			26.6	%		35.4	%
	Resolution Life L.P.		39,955		21,846			32.8	%		24.4	%
	Ares Strategic Real Estate Program—HHC, LLC		1,256		1,227			1	%		1.4	%
	Ares Capital Europe II (D), L.P.		10,010		—			8.2	%		—
	Ares Capital Europe II (E), L.P.		21		—			0	%		—
	Total private investment partnership interests (cost: $96,023 and $68,580 at March 31, 2014 and December 31, 2013, respectively)		120,342		88,177			98.9	%		98.6	%
	Common Stock:
	Ares Multi-Strategy Credit Fund, Inc.		92		89			0.1	%		0.1	%
	Total common stock (cost: $100 and $100 at March 31, 2014 and December 31, 2013, respectively)		92		89			0.1	%		0.1	%
	Corporate Bonds:
	Ares Commercial Real Estate Corporation Convertible Senior Notes		1,174		1,172			1	%		1.3	%
	Total corporate bond (cost: $1,150 and $1,150, at March 31, 2014 and December 31, 2013, respectively)		1,174		1,172			1	%		1.3	%
	Total investments (cost: $97,273 and $69,830 at March 31, 2014 and December 31, 2013, respectively)	$	121,608	$	89,438			100	%		100	%
	-1
	Security represents the sole underlying investment within ACOF Co-Investors LLC.
Consolidated Funds	'
INVESTMENTS	'
Summary of investments held	'
		Fair value at					Fair value as a
							percentage of total
							investments at
		March 31,		December 31,			March 31,			December 31,
		2014		2013			2014			2013
	United States:
	Fixed income securities:
	Consumer discretionary	$	4,036,222	$	4,146,611			20.8	%		20	%
	Consumer staples		179,326		338,735			0.9	%		1.6	%
	Energy		507,527		535,857			2.6	%		2.6	%
	Financials		579,374		544,879			3	%		2.6	%
	Healthcare, education and childcare		1,072,158		1,176,418			5.5	%		5.6	%
	Industrials		2,009,958		2,038,390			10.4	%		9.8	%
	Information technology		490,988		542,377			2.5	%		2.6	%
	Materials		338,512		463,864			1.7	%		2.2	%
	Telecommunication services		1,119,397		1,153,691			5.7	%		5.5	%
	Utilities		235,137		222,410			1.2	%		1.1	%
	Total fixed income securities (cost: $10,511,946 and $11,071,982, at March 31, 2014 and December 31, 2013, respectively)		10,568,599		11,163,232			54.3	%		53.6	%
	Equity securities:
	Consumer discretionary		2,327,631		2,464,520			12	%		11.9	%
	Consumer staples		252,157		201,059			1.3	%		1	%
	Energy		191,165		193,946			1	%		1	%
	Financials		7,069		6,172			0	%		0	%
	Healthcare, education and childcare		316,317		296,817			1.6	%		1.5	%
	Industrials		133,071		134,544			0.7	%		0.6	%
	Materials		1		31			0	%		0	%
	Partnership and LLC interests		43,993		41,001			0.2	%		0.2	%
	Telecommunication services		32,934		51,921			0.2	%		0.2	%
	Total equity securities (cost: $2,548,496 and $2,733,448 at March 31, 2014 and December 31, 2013, respectively)		3,304,338		3,390,011			17	%		16.4	%
		Fair value at					Fair value as a
							percentage of total
							investments at
		March 31,		December 31,			March 31,			December 31,
		2014		2013			2014			2013
	Europe:
	Fixed income securities:
	Consumer discretionary		1,381,696		1,858,364			7.2	%		8.9	%
	Consumer staples		189,839		175,440			1	%		0.8	%
	Energy		17,293		4,906			0.1	%		0	%
	Financials		434,952		322,355			2.2	%		1.5	%
	Healthcare, education and childcare		341,277		410,726			1.8	%		2	%
	Industrials		442,971		485,243			2.3	%		2.3	%
	Information technology		106,368		140,976			0.5	%		0.7	%
	Materials		295,924		328,867			1.5	%		1.6	%
	Telecommunication services		881,047		944,800			4.5	%		4.5	%
	Utilities		7,205		37,001			0	%		0.2	%
	Total fixed income securities (cost: $4,023,703 and $4,747,808 at March 31, 2014 and December 31, 2013, respectively)		4,098,572		4,708,678			21.1	%		22.5	%
	Equity securities:
	Consumer discretionary		9,924		10,686			0.1	%		0.1	%
	Consumer staples		762		668			0	%		0	%
	Healthcare, education and childcare		28,075		28,607			0.1	%		0.1	%
	Industrials		86		8,595			0	%		0	%
	Materials		34		773			0	%		0	%
	Telecommunication services		1,937		1,524			0	%		0	%
	Total equity securities (cost: $79,206 and $83,277 at March 31, 2014 and December 31, 2013, respectively)		40,818		50,853			0.2	%		0.2	%
	Asia and other:
	Fixed income securities:
	Consumer discretionary		41,216		43,538			0.2	%		0.2	%
	Financials		457,245		456,463			2.3	%		2.2	%
	Healthcare, education and childcare		14,543		14,556			0.1	%		0.1	%
	Information Technology		22,247		22,012			0.1	%		0.1	%
	Materials		16,212		15,885			0.1	%		0.1	%
	Telecommunication services		80,872		81,978			0.4	%		0.4	%
Total fixed income securities (cost: $570,815 and $593,188, at March 31, 2014 and December 31, 2013, respectively)		632,335		634,432			3.2	%		3.1	%
Equity securities:
Consumer staples		30,874		77,572			0.2	%		0.4	%
Healthcare, education and childcare		33,610		23,493			0.2	%		0.1	%
Materials		52,947		52,947			0.3	%		0.3	%
Partnership and LLC interests		8,825		—			0	%		0.3	%
Utilities		10,203		4,724			0.1	%		0	%
Total equity securities (cost: $118,859 and $135,631 at March 31, 2014 and December 31, 2013, respectively)		136,459		158,736			0.8	%		0.8	%
	Fair value at					Fair value as a
						percentage of total
						investments at
	March 31,		December 31,			March 31,			December 31,
	2014		2013			2014			2013
Canada:
Fixed income securities:
Consumer discretionary		113,336		121,132			0.6	%		0.6	%
Energy		92,273		87,469			0.5	%		0.4	%
Healthcare, education and childcare		78,570		104,464			0.4	%		0.5	%
Industrials		16,308		16,331			0.1	%		0.1	%
Telecommunication services		143,770		142,374			0.7	%		0.7	%
Total fixed income securities (cost: $448,124 and $480,231at March 31, 2014 and December 31, 2013, respectively)		444,257		471,770			2.3	%		2.3	%
Equity securities:
Consumer discretionary		901		892			0	%		0	%
Energy		34,125		51,187			0.2	%		0.2	%
Total equity securities (cost: $75,256 and $75,256 at March 31, 2014 and December 31, 2013, respectively)		35,026		52,079			0.2	%		0.2	%
Australia:
Fixed income securities:
Consumer discretionary		—		203			—			0	%
Energy		43,433		—			0	%		—
Industrials		97,605		99,376			0.5	%		0.5	%
Telecommunication services				—			—			—
Utilities		67,715		68,513			0.3	%		0.3	%
Total fixed income securities (cost: $208,979 and $169,831 at March 31, 2014 and December 31, 2013, respectively)		208,753		168,092			0.8	%		0.8	%
Equity Securities:
Telecommunication services		10,860		16,102			0.1	%		0.1	%
Utilities		5,050		9,353			0	%		0	%
Total equity securities (cost: $22,545 and $30,140 at March 31, 2014 and December 31, 2013, respectively)		15,910		25,455			0.1	%		0.1	%
Total fixed income securities		15,952,516		17,146,204			81.7	%		82.3	%
Total equity securities		3,532,551		3,677,134			18.3	%		17.7	%
Total Investments, at fair value	$	19,485,067	$	20,823,338			100	%		100	%
Securities sold short, at fair value	$	—	$	(1,633	)

FAIR_VALUE_Tables

FAIR VALUE (Tables)	3 Months Ended
	Mar. 31, 2014
Ares Holdings, Inc. and Ares Investments LLC	'
FAIR VALUE	'
Summary of valuation of investments and other financial instruments by fair value hierarchy levels	'
	The table below summarizes the valuation of investments and other financial instruments by fair value hierarchy levels as of March 31, 2014:
	Investments of the Company
		Level I			Level II			Level III			Total
	Investments, at fair value
	Equity securities	$	92		$	—		$	—		$	92
	Bonds		—			1,174			—			1,174
	Partnership interests		—			—			120,342			120,342
	Total investments, at fair value		92			1,174			120,342			121,608
	Derivative assets, at fair value
	Forward foreign currency contracts		—			367			—			367
	Purchased option contracts		—			765			—			765
	Total derivative assets, at fair value		—			1,132			—			1,132
	Total	$	92		$	2,306		$	120,342		$	122,740
	Derivative liabilities, at fair value
	Forward foreign currency contracts	$	—		$	(1,745	)	$	—		$	(1,745	)
	Interest rate contracts		—			(1,197	)		—			(1,197	)
	Total derivative liabilities, at fair value	$	—		$	(2,942	)	$	—		$	(2,942	)
	The table below summarizes the valuation of investments and other financial instruments by fair value hierarchy levels as of December 31, 2013:
	Investments of the Company
		Level I			Level II			Level III			Total
	Investments, at fair value
	Equity securities	$	89		$	—		$	—		$	89
	Bonds		—			1,172			—			1,172
	Partnership interests		—			—			88,177			88,177
	Total investments, at fair value		89			1,172			88,177			89,438
	Derivative assets, at fair value
	Forward foreign currency contracts		—			247			—			247
	Purchased option contracts		—			917			—			917
	Total derivative assets, at fair value		—			1,164			—			1,164
	Total	$	89		$	2,336		$	88,177		$	90,602
	Derivative liabilities, at fair value
	Forward foreign currency contracts	$	—		$	(1,653	)	$	—		$	(1,653	)
	Interest rate contracts		—			(1,254	)		—			(1,254	)
	Total derivative liabilities, at fair value	$	—		$	(2,907	)	$	—		$	(2,907	)
Summary of changes in the fair value of the Level III investments	'
		For the Three Months Ended March 31, 2014
		Investments of AIH LLC
		Fixed Income			Partnership Interests			Total
	Balance, beginning of period	$	—		$	88,177		$	88,177
	Initial consolidation of new funds		—			9,951			9,951
	Transfer out		—			—			—
	Purchases		—			21,504			21,504
	Sales		—			(23,124	)		(23,124	)
	Realized and unrealized appreciation, net		—			23,834			23,834
	Balance, end of period	$	—		$	120,342		$	120,342
	Changes in unrealized appreciation included in earnings related to financial assets still held at the reporting date	$	—		$	4,286		$	4,286
		For the Year Ended December 31, 2013
		Investments of AIH LLC
		Fixed Income			Partnership Interests			Total
	Balance, beginning of period	$	1,170		$	21,695		$	22,865
	Transfer out		(1,170	)		—			(1,170	)
	Purchases		—			51,329			51,329
	Sales		—			(2,447	)		(2,447	)
	Realized and unrealized appreciation, net		—			17,600			17,600
	Balance, end of period	$	—		$	88,177		$	88,177
	Changes in unrealized appreciation included in earnings related to financial assets still held at the reporting date	$	—		$	16,816		$	16,816
		For the Three Months Ended March 31, 2013
		Investments of AIH LLC
		Fixed Income			Partnership Interests			Total
	Balance, beginning of period	$	1,170		$	21,695		$	22,865
	Transfer out		(1,170	)		—			(1,170	)
	Purchases		—			503			503
	Sales		—			(86	)		(86	)
	Realized and unrealized appreciation (depreciation), net		—			1,207			1,207
	Balance, end of period	$	—		$	23,319		$	23,319
	Changes in unrealized appreciation (depreciation) included in earnings related to financial assets still held at the reporting date	$	—		$	1,179		$	1,179
Summary of changes in the fair value of the Level III investments for the CLO loan obligations	'
		For the Three Months			For the Year Ended
		Ended March 31, 2014			December 31, 2013
	Balance, beginning of period	$	11,534,956		$	9,422,570
	Equity appropriated for Consolidated Funds		—			3,309,986
	Borrowings		23,528			79,859
	Paydowns		(475,467	)		(1,511,971	)
	Issuances		—			—
	Realized and unrealized gains, net		(16,764	)		234,512
	Balance, end of period	$	11,066,253		$	11,534,956
Summary of quantitative inputs and assumptions used for the Company's Level III inputs	'
	ARES INVESTMENTS HOLDINGS LLC
	As of March 31, 2014
	Investments	Fair			Valuation Technique(s)		Unobservable		Range
		Value					Input(s)
	Assets
	Partnership interests	$	120,342		NAV		N/A		N/A
	Total	$	120,342
	ARES INVESTMENTS HOLDINGS LLC
	As of December 31, 2013
	Investments	Fair			Valuation Technique(s)		Unobservable		Range
		Value					Input(s)
	Assets
	Partnership interests	$	88,177		NAV		N/A		N/A
	Total	$	88,177
Summary of fair value by segment along with the remaining unfunded commitment and any redemption restriction of investments valued using NAV per share	'
	For investments valued using NAV per share, a summary of fair value by segment along with the remaining unfunded commitment and any redemption restriction of such investments as of March 31, 2014 is presented below:
	Strategy	Fair Value			Unfunded			Redemption
					Commitments			Restriction
	Direct Lending Group	$	20,336		$	30,503			(1)(3)
	Real Estate Group		34,894			9,686			-1
	Tradable Credit Group		72,818			150,464			(1)(2)(3)
	Private Equity Group		45,112			153,327			-1
	Totals	$	173,160		$	343,980
	For investments valued using NAV per share, a summary of fair value by segment along with the remaining unfunded commitment and any redemption restriction of such investments as of December 31, 2013 is presented below:
	Strategy	Fair			Unfunded			Redemption
		Value			Commitments			Restriction
	Direct Lending Group	$	2,298		$	1,045			-3
	Real Estate Group		34,521			9,734			-1
	Tradable Credit Group		50,349			145,818			(1)(2)(3)
	Private Equity Group		42,010			156,966			-1
	Totals	$	129,178		$	313,563
	-1
	The funds within these strategies are closed-ended and generally do not permit investors to redeem their interests. Distributions are received as the underlying investments are liquidated.
	-2
	The funds within these strategies are open-ended and subject to a lock-up period of six months after the closing date, an investor has the right to withdraw their capital. Distributions are received as the underlying investments are liquidated.
	-3
	The funds within these strategies are separately managed investment vehicles, which may be redeemed only upon dissolution or liquidation of the fund at the discretion of the investor. Distributions are received as the underlying investments are liquidated.
Consolidated Funds	'
FAIR VALUE	'
Summary of valuation of investments and other financial instruments by fair value hierarchy levels	'
	The table below summarizes the valuation of investments and other financial instruments by fair value hierarchy levels as of March 31, 2014:
	Investments of Consolidated Funds
		Level I			Level II			Level III			Total
	Investments, at fair value
	Equity securities	$	112,075		$	538,158		$	2,825,221		$	3,475,454
	Bonds		—			1,466,070			1,477,844			2,943,914
	Loans		—			11,448,952			983,174			12,432,126
	Collateralized loan obligations		—			—			567,846			567,846
	Partnership interests		—			—			43,993			43,993
	Other		—			19,141			2,593			21,734
	Total investments, at fair value		112,075			13,472,321			5,900,671			19,485,067
	Derivative assets, at fair value
	Interest rate contracts		—			0			—			0
	Credit contracts		—			6,272			2,330			8,602
	Equity contracts		—			244			—			244
	Foreign exchange contracts		—			115			—			115
	Total derivative assets, at fair value		—			6,631			2,330			8,961
	Total	$	112,075		$	13,478,952		$	5,903,001		$	19,494,028
	Derivative liabilities, at fair value
	Forward foreign currency contracts	$	—		$	(2,544	)	$	—		$	(2,544	)
	Written options		—			—			(78	)		(78	)
	Credit contracts		—			(39,177	)		(9,299	)		(48,476	)
	Interest rate swaps		—			(2,545	)		—			(2,545	)
	Total derivative liabilities, at fair value		—			(44,266	)		(9,377	)		(53,643	)
	Loan obligations of CLOs(1)		—			—			(11,066,253	)		(11,066,253	)
	Total liabilities	$	—		$	(44,266	)	$	(11,075,630	)	$	(11,119,896	)
	-1
	Ares Enhanced Loan Investment Strategy II, Ltd. has not elected to fair value its loan obligation and is therefore carried at cost of $209,604.
	The table below summarizes the valuation of investments and other financial instruments by fair value hierarchy levels as of December 31, 2013:
	Investments of Consolidated Funds
		Level I			Level II			Level III			Total
	Investments, at fair value
	Equity securities	$	166,535		$	482,568		$	2,958,232		$	3,607,335
	Bonds		—			1,576,942			2,052,984			3,629,926
	Loans		—			11,868,584			1,058,635			12,927,219
	Collateralized loan obligations		—			65,405			515,534			580,939
	Partnership interests		—			—			41,001			41,001
	Other		—			34,546			2,372			36,918
	Total investments, at fair value		166,535			14,028,045			6,628,758			20,823,338
	Derivative assets, at fair value
	Interest rate contracts		—			8			—			8
	Credit contracts		—			2,651			—			2,651
	Equity contracts		—			179			—			179
	Foreign exchange contracts		—			8,652			—			8,652
	Other financial instruments		—			—			3,135			3,135
	Total derivative assets, at fair value		—			11,490			3,135			14,625
	Total	$	166,535		$	14,039,535		$	6,631,893		$	20,837,963
	Derivative liabilities, at fair value
	Forward foreign currency contracts	$	—		$	(38,594	)	$	(899	)	$	(39,493	)
	Written options		—			(34	)		—			(34	)
	Credit contracts		—			(25,754	)		(1,633	)		(27,387	)
	Interest rate swaps		—			(3,703	)		(371	)		(4,074	)
	Other financial instruments		—			(175	)		(3,952	)		(4,127	)
	Total derivative liabilities, at fair value		—			(68,260	)		(6,855	)		(75,115	)
	Loan obligations of CLOs(1)		—			—			(11,534,956	)		(11,534,956	)
	Securities sold short, at fair value		—			(1,633	)		—			(1,633	)
	Total liabilities	$	—		$	(69,893	)	$	(11,541,811	)	$	(11,611,704	)
	-1
	Ares Enhanced Loan Investment Strategy II, Ltd. has not elected to fair value its loan obligation and is therefore carried at cost of $239,201.
Summary of changes in the fair value of the Level III investments	'
		For the Three Months Ended March 31, 2014
		Investments of Consolidated Funds
		Equity			Fixed			Partnership			Other			Total
		Securities			Income			Interests			Financial
											Instruments
	Balance, beginning of period	$	2,958,232		$	3,627,153		$	41,001		$	(1,348	)	$	6,625,038
	Initial consolidation of new funds		8,152			—			—			—			8,152
	Deconsolidation of previous funds		—			(378,397	)		—			—			(378,397	)
	Transfer in		—			222,382			—			—			222,382
	Transfer out		—			(364,608	)		—			—			(364,608	)
	Purchases		11,337			215,514			2,276			5			229,132
	Sales		(167,142	)		(274,491	)		—			(6,387	)		(448,020	)
	Accrued discounts/premiums		15			10,849			—			(0	)		10,864
	Realized and unrealized appreciation (depreciation), net		14,627			(29,540	)		717			3,277			(10,919	)
	Balance, end of period	$	2,825,221		$	3,028,862		$	43,994		$	(4,453	)	$	5,893,624
	Changes in unrealized appreciation (depreciation) included in earnings related to financial assets still held at the reporting date	$	118,757		$	(21,711	)	$	717		$	1,102		$	98,865
		For the Year Ended December 31, 2013
		Investments of Consolidated Funds
		Equity Securities			Fixed Income			Partnership			Other			Total
								Interests			Financial
											Instruments
	Balance, beginning of period	$	1,978,138		$	3,920,451		$	6,177		$	5,202		$	5,909,968
	Initial consolidation of new funds		—			29,570			—			—			29,570
	Transfer in		74,438			237,312			—			(29	)		311,721
	Transfer out		(52,573	)		(249,763	)		—			—			(302,336	)
	Purchases		555,589			1,313,850			34,369			1,135			1,904,943
	Sales		(43,695	)		(1,704,939	)		(851	)		(23,743	)		(1,773,228	)
	Accrued discounts/premiums		—			27,149			—			88			27,237
	Realized and unrealized appreciation (depreciation), net		446,335			53,523			1,306			15,999			517,163
	Balance, end of period	$	2,958,232		$	3,627,153		$	41,001		$	(1,348	)	$	6,625,038
	Changes in unrealized appreciation (depreciation) included in earnings related to financial assets still held at the reporting date	$	417,659		$	(26,038	)	$	1,306		$	(4,896	)	$	388,031
		For the Three Months Ended March 31, 2013
		Investments of Consolidated Funds
		Equity Securities			Fixed Income			Partnership			Other			Total
								Interests			Financial
											Instruments
	Balance, beginning of period	$	1,978,138		$	3,920,451		$	6,177		$	5,202		$	5,909,968
	Initial consolidation of new funds		—			28,471			—			—			28,471
	Transfer in		135			362,811			—			—			362,946
	Transfer out		(8,725	)		(316,201	)		—			(2,420	)		(327,346	)
	Purchases		21,794			310,985			43			(3,974	)		328,848
	Sales		(7,382	)		(285,685	)		—			(7,446	)		(300,513	)
	Accrued discounts/premiums		—			10,342			—			9			10,351
	Realized and unrealized appreciation (depreciation), net		119,481			(86,157	)		(41	)		17,780			51,063
	Balance, end of period	$	2,103,441		$	3,945,017		$	6,179		$	9,151		$	6,063,788
	Changes in unrealized appreciation (depreciation) included in earnings related to financial assets still held at the reporting date	$	(1,441	)	$	(35,663	)	$	1,307		$	5,657		$	(30,140	)
Summary of quantitative inputs and assumptions used for the Company's Level III inputs	'
	CONSOLIDATED FUNDS
	As of March 31, 2014
	Investments	Fair Value			Valuation Technique(s)		Unobservable Input(s)		Range		Weighted
											Average
	Assets
	Equity securities
	Consumer discretionary	$	11,168		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
			5,491		EV market multiple analysis		EBITDA multiple		6.6x - 9.0x			8.4x
			1,035		Discounted cash flow		Yield to worst		5.00%			5	%
			231,434		Market approach (comparable companies)		Book value multiple		2.0x - 2.3x			2.1x
			1,228,877		Market approach (comparable companies)		EBITDA multiple		7.5x - 15.0x			10.6x
			71,288		Market approach (comparable companies)		Net income multiple		15.0x			15.0x
			1,112		Market approach (other)		Other		N/A			N/A
			1,642		Other		N/A		N/A			N/A
			4,961		Other		Volume weighted average price		25.2x			25.2x
			1,478		Other		Volume weighted average price / illiquidity discount		15%/25.2x			15%/25.2x
			250,000		Recent transaction price(1)		N/A		N/A			N/A
	Consumer staples		762		EV market multiple analysis		EBITDA multiple		7.9x			7.9x
			221,864		Market approach (comparable companies)		EBITDA multiple		6.0x - 8.0x			7.5x
			30,293		Market approach (comparable companies)		Net income multiple		8.0x - 10.0x			9.0x
	Energy		128,493		Market approach (comparable companies)		EBITDA multiple		1.0x - 1.4x			1.2x
			34,125		Other		N/A		N/A			N/A
			6,600		Option pricing model		Volatility		26.00%			26	%
	Financials		7,069		EV market multiple analysis		EBITDA multiple		10.5x			10.5x
	Healthcare, education, and childcare		28,075		EV market multiple analysis		EBITDA multiple		7.8x - 19.7x			7.3x
			316,317		Market approach (comparable companies)		EBITDA multiple		8.0x - 12.0x			10.4x
			33,610		Market approach (comparable companies)		Net income multiple		30.0x - 40.0x			35.0x
	Industrials		86		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
			130,478		Market approach (comparable companies)		EBITDA multiple		8.0x - 12.7x			10.0x
	Materials		52,947		Market approach (comparable companies)		Net income multiple		8.0x - 10.0x			9.0x
	Telecommunication services		1,367		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
			570		EV market multiple analysis		EBITDA multiple		6.9x			6.9x
	Utilities		15,253		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
	Fixed Income
	Consumer discretionary		340,008		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
			18,508		EV market multiple analysis		EBITDA multiple		6.2x - 10.0x			7.3x
			6,741		Income approach (other)		Yield to worst		4.8% - 5.8%			5.3	%
			115,076		Market approach (comparable companies)		Book value multiple		2.0x - 2.3x			2.1x
			15,454		Market approach (comparable companies)		EBITDA multiple		8.1x			8.1x
			783,465		Recent transaction price(1)		N/A		N/A			N/A
			291,435		Yield analysis		Market yield		2.5% - 13.0%			9.9	%
	Consumer staples		515		Discounted cash flow		Other		20.00%			20	%
			4,297		Income approach (other)		Yield		18.40%			18.4	%
	Energy		66,912		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
			11,888		Recent transaction price(1)		N/A		N/A			N/A
	Financials		491,152		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
			74,439		Discounted cash flow		Discount rate, Constant default rate, Recovery rate, prepayment rate		10.8%, 2.0%,			36	%
									70.0%,
									20.00%
			13,201		EV market multiple analysis		EBITDA multiple		2.4x			2.4x
			287,824		Yield analysis		Market yield		4.5% - 13.5%			10.6	%
			2,030		Income approach (other)		Weighted average collection rate		1.2x			1.2x
			2,892		Recent transaction price(1)		N/A		N/A			N/A
	Healthcare, education, and childcare		57,847		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
			5,959		EV market multiple analysis		EBITDA multiple		32.0x			32.0x
			7,390		Income approach (other)		Yield to worst		6.00%			6	%
			72,874		Yield analysis		Market yield		6.0% - 10.0%			7.5	%
	Industrials		83,495		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
			5,075		Yield analysis		Market yield		18.80%			18.8	%
			4,773		Income approach (other)		Yield		4.8% - 5.6%			5.3	%
			31,018		Market approach (comparable companies)		EBITDA multiple		10.0x - 12.7x			11.4x
			43,400		Yield analysis		Market yield		2.5% - 12.8%			8.9	%
	Information technology		18,410		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
		39,748		Yield analysis		Market yield		5.3% - 14.0%			11.5	%
Materials		31,369		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
		14,850		Market approach (comparable companies)		EBITDA multiple		8.0x - 10.0x			9.3x
		731		Market approach (comparable companies)		Recovery rate		1.1% - 2.5%			1.8	%
		16,212		Yield analysis		Market yield		6.0% - 13.0%			8.8	%
Telecommunication services		69,877		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
Partnership and LLC interests		52,818		NAV		N/A		N/A			N/A
Other		2,593		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
Derivative instruments of Consolidated Funds		2,330		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
Total assets	$	5,903,001
Liabilities
Loans payable of Consolidated Funds:
Fixed income	$	10,860,388		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
		42,228		Discounted cash flow		Discount Rate		10.70%			10.7	%
		163,637		Market approach (other)		Other		N/A			N/A
Derivatives instruments of Consolidated Funds		9,377		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
Total liabilities	$	11,075,630
-1
Recent transaction price consists of securities purchased or restructured within the last six months. The Company has determined that there has been no change to the valuation based on the underlying assumptions used at the closing of such transactions.
CONSOLIDATED FUNDS
As of December 31, 2013
Investments	Fair			Valuation Technique(s)		Unobservable Input(s)		Range		Weighted
	Value									Average
Assets
Equity securities
Consumer discretionary	$	13,044		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
		6,146		EV market multiple analysis		EBITDA multiple		6.2x - 18.0x			9.3x
		246,227		Market approach (comparable companies)		Book value multiple		1.5x - 1.8x			1.6x
		1,162,641		Market approach (comparable companies)		EBITDA multiple		7.5x - 15.0x			10.6x
		42,080		Market approach (comparable companies)		Net income multiple		9.6x			9.6x
		1,114		Market approach (comparable companies)		Yield to worst		5.00%			5	%
		1,557		Market approach (other)		Other		N/A			N/A
		1,729		Other		Other		N/A			N/A
		8,466		Other		Volume weighted average price		25.2x			25.2x
		1,418		Other		Volume weighted average		25.2x / 15%			25.2x / 15	%
						price / illiquidity discount
		505,270		Recent transaction price(1)		N/A		N/A			N/A
Consumer staples		668		EV market multiple analysis		EBITDA multiple		7.9x			7.9x
		201,059		Market approach (comparable companies)		EBITDA multiple		6.0x - 8.5x			7.5x
		25,000		Recent transaction price(1)		N/A		N/A			N/A
Energy		119,344		Market approach (comparable companies)		EBITDA multiple		1.0x - 1.4x			1.2x
		58,987		Other		Other		N/A			N/A
Financials		6,172		EV market multiple analysis		EBITDA multiple		10.5x			10.5x
Healthcare, education, and childcare		28,607		EV market multiple analysis		EBITDA multiple		7.8x - 43.7x			10.9x
		296,817		Market approach (comparable companies)		EBITDA multiple		8.0x - 12.0x			10.5x
		23,493		Market approach (comparable companies)		Net income multiple		20.0x - 25.0x			22.5x
Industrials		8,595		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
		130,478		Market approach (comparable companies)		EBITDA multiple		8.0x - 14.5x			10.3x
Materials		773		EV market multiple analysis		EBITDA multiple		6.0x			6.0x
		52,947		Market approach (comparable companies)		Net income multiple		8.0x - 10.0x			9.0x
Telecommunication services		957		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
		566		EV market multiple analysis		EBITDA multiple		6.9x			6.9x
Utilities		14,077		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
Fixed Income
Consumer discretionary		287,572		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
		394,891		Discounted cash flow		Yield to maturity		7.0% - 10.0%			8.5	%
		18,383		EV market multiple analysis		EBITDA multiple		6.2x - 18.0x			8.0x
		4,565		Income approach (other)		Yield		17.90%			17.9	%
		5,366		Income approach (other)		Yield to worst		4.8% - 5.8%			5.3	%
		113,305		Market approach (comparable companies)		Book value multiple		1.5x - 1.8x			1.6x
		406,854		Market approach (comparable companies)		EBITDA multiple		8.0x 10.5x			9.2x
		9,730		Recent transaction price(1)		N/A		N/A			N/A
		623,437		Yield analysis		Market yield		2.5% - 13.0%			9.2	%
Consumer staples		469		Discounted cash flow		Other		20.00%			20	%
		4,032		Income approach (other)		Yield		4.40%			4.4	%
Energy		112,362		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
		7,327		Recent transaction price(1)		N/A		N/A			N/A
Financials		561,569		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
		942		Discounted cash flow		Weighted average		N/A			N/A
						collection rate
		13,177		EV market multiple analysis		EBITDA multiple		2.4x			2.4x
		214,719		Yield analysis		Market yield		2.8% - 13.5%			9.3	%
Healthcare, education, and childcare		100,868		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
		5,919		EV market multiple analysis		EBITDA multiple		7.8x - 43.7x			10.9x
		3,916		Income approach (other)		Discount rate		4.1% - 4.2%			4.2	%
		146,983		Yield analysis		Market yield		6.0% - 10.0%			7.7	%
Industrials		89,817		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
		17,894		Income approach (other)		Yield		4.4% - 5.8%			4.6	%
		30,579		Market approach (comparable companies)		EBITDA multiple		9.7x - 14.5x			12.1x
		4,760		Market approach (comparable companies)		Illiquidity premium		2.0% - 2.5%			2.3	%
		53,194		Yield analysis		Market yield		2.5% - 12.8%			9.6	%
Information technology		51,357		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
		6,851		Recent transaction price(1)		N/A		N/A			N/A
		38,317		Yield analysis		Market yield		5.3% - 14.0%			11.5	%
Materials		39,743		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
		20,259		Discounted cash flow		Discount rate		13.00%			13	%
		14,056		Market approach (comparable companies)		EBITDA multiple		6.0x - 10.0x			9.0x
		54,714		Yield analysis		Market yield		6.0% - 13.0%			7.7	%
Telecommunication services		112,901		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
		52,989		Yield analysis		Market yield		8.80%			8.8	%
Utilities		3,336		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
Partnership and LLC interests		41,001		NAV		N/A		N/A			N/A
Other		2,372		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
Derivative instruments of Consolidated Funds		3,135		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
Total assets	$	6,631,893
Liabilities
Loans payable of Consolidated Funds:
Fixed income	$	10,931,836		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
		41,920		Discounted cash flow		Discount Rate		10.70%			10.7	%
		561,200		Market approach (other)		Other		N/A			N/A
Derivatives instruments of Consolidated Funds		6,855		Broker quotes and/or 3rd party pricing services		N/A		N/A			N/A
Total liabilities	$	11,541,811
-1
Recent transaction price consists of securities purchased or restructured within the last six months. The Company has determined that there has been no change to the valuation based on the underlying assumptions used at the closing of such transactions.

DERIVATIVE_FINANCIAL_INSTRUMEN1

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	3 Months Ended
	Mar. 31, 2014
AM LLC and AIH LLC	'
DERIVATIVE FINANCIAL INSTRUMENTS	'
Schedule of fair value and notional amounts of derivative contracts by major product type on a gross basis	'
		As of March 31, 2014
		Assets						Liabilities
	AM LLC and AIH LLC	Notional(1)			Fair Value			Notional(1)			Fair Value
	Interest rate contracts	$	—		$	—		$	250,000		$	1,197
	Foreign exchange contracts		53,406			1,132			126,002			1,745
	Total derivatives, at fair value	$	53,406		$	1,132		$	376,002		$	2,942
	(1)         Represents the total contractual amount of derivative assets and liabilities outstanding.
		As of December 31, 2013
		Assets						Liabilities
	AM LLC and AIH LLC	Notional(1)			Fair Value			Notional(1)			Fair Value
	Interest rate contracts	$	—		$	—		$	250,000		$	1,254
	Foreign exchange contracts		66,733			1,164			76,419			1,653
	Total derivatives, at fair value	$	66,733		$	1,164		$	326,419		$	2,907
	(1)          Represents the total contractual amount of derivative assets and liabilities outstanding.
Summary of net realized and unrealized appreciation (depreciation) on derivative instruments	'
		As of March 31, 2014
	AM LLC and AIH LLC	Interest Rate			Foreign			Total
		Contracts			Exchange
					Contracts
	Net realized loss on investments
	Swaps	$	(341	)	$	—		$	(341	)
	Foreign currency forward contracts		—			(793	)		(793	)
	Net realized loss on investments	$	(341	)	$	(793	)	$	(1,134	)
	Net change in unrealized appreciation (depreciation) on investments
	Purchased options	$	—		$	(61	)	$	(61	)
	Swaps		57			—			57
	Foreign currency forward contracts		—			(63	)		(63	)
	Total net change in unrealized appreciation (depreciation) on investments	$	57		$	(124	)	$	(67	)
		As of March 31, 2013
	AM LLC and AIH LLC	Interest Rate			Foreign			Total
		Contracts			Exchange
					Contracts
	Net realized loss on investments
	Swaps	$	(302	)	$	—		$	(302	)
	Foreign currency forward contracts		—			(863	)		(863	)
	Net realized loss on investments	$	(302	)	$	(863	)	$	(1,165	)
	Net change in unrealized appreciation on investments
	Purchased options	$	—		$	247		$	247
	Swaps		223			—			223
	Foreign currency forward contracts		—			4,203			4,203
	Total net change in unrealized appreciation on investments	$	223		$	4,450		$	4,673
Consolidated Funds	'
DERIVATIVE FINANCIAL INSTRUMENTS	'
Schedule of fair value and notional amounts of derivative contracts by major product type on a gross basis	'
		As of March 31, 2014
		Assets						Liabilities
	Consolidated Funds	Notional(1)			Fair Value			Notional(1)			Fair Value
	Interest rate contracts	$	34,000		$	0		$	89,000		$	2,545
	Credit contracts		51,500			6,271			703,700			39,178
	Equity contracts		64			245			—			—
	Foreign exchange contracts		35,832			115			166,756			3,751
	Other financial instruments		8,538			2,330			92,386			8,169
	Total derivatives, at fair value		129,934			8,961			1,051,842			53,643
	Warrants—equity(2)		68,859			21,734			—			—
	TOTAL	$	198,793		$	30,695		$	1,051,842		$	53,643
	-1
	Represents the total contractual amount of derivative assets and liabilities outstanding.
	-2
	The fair value of warrants is included within investments, at fair value in the Combined and Consolidated Statements of Financial Condition.
		As of December 31, 2013
		Assets						Liabilities
	Consolidated Funds	Notional(1)			Fair Value			Notional(1)			Fair Value
	Interest rate contracts	$	70,000		$	8		$	623,225		$	3,878
	Credit contracts		25,437			4,489			537,921			28,385
	Equity contracts		50			179			—			—
	Foreign exchange contracts		211,324			8,653			813,997			38,631
	Other financial instruments		6,174			1,296			83,662			4,221
	Total derivatives, at fair value		312,985			14,625			2,058,805			75,115
	Warrants—equity(2)		68,253			46,802			—			—
	TOTAL	$	381,238		$	61,427		$	2,058,805		$	75,115
	-1
	Represents the total contractual amount of derivative assets and liabilities outstanding.
	-2
	The fair value of warrants is included within investments, at fair value in the Combined and Consolidated Statements of Financial Condition.
Summary of net realized and unrealized appreciation (depreciation) on derivative instruments	'
		As of March 31, 2014
	Consolidated Funds	Interest Rate			Credit			Equity			Foreign			Other			Total
		Contracts			Contracts			Contracts			Exchange
											Contracts
	Net realized gain (loss) on investments of Consolidated Funds
	Purchased options	$	—		$	—		$	(2,019	)	$	(273	)	$	—		$	(2,292	)
	Written options		—			—			—			1,853			—			1,853
	Swaps		(514	)		(10,206	)		—			—			3,546			(7,174	)
	Warrants(1)		—			—			1,261			—			—			1,261
	Foreign currency forward contracts		—			—			—			(17,888	)		—			(17,888	)
	Total net realized gain (loss) on investments of Consolidated Funds	$	(514	)	$	(10,206	)	$	(758	)	$	(16,308	)	$	3,546		$	(24,240	)
	Net change in unrealized appreciation (depreciation) on investments of Consolidated Funds
	Purchased options	$	—		$	—		$	108		$	(1,663	)	$	(113	)	$	(1,668	)
	Written options		—			—			—			(1,214	)		—			(1,214	)
	Swaps		(342	)		3,476			—			(15	)		(3,591	)		(472	)
	Interest rate caps/floor		(4	)		—			—			—			—			(4	)
	Warrants(1)		—			—			(7,180	)		—			—			(7,180	)
	Foreign currency forward contracts		(22	)		—			1,222			17,142			—			18,342
	Total net change in unrealized appreciation (depreciation) on investments of Consolidated Funds	$	(368	)	$	3,476		$	(5,850	)	$	14,250		$	(3,704	)	$	7,804
	-1
	Realized and unrealized gains (losses) on warrants are also reflected in the changes presented on the investment, at fair value footnote table.
		As of March 31, 2013
	Consolidated Funds	Interest			Credit			Equity			Foreign			Other			Total
		Rate			Contracts			Contracts			Exchange
		Contracts									Contracts
	Net realized gain (loss) on investments of Consolidated Funds
	Purchased options	$	—		$	—		$	(1,565	)	$	(318	)	$	—		$	(1,883	)
	Written options		—			—			—			337			—			337
	Swaps		(2,755	)		—			—			233			—			(2,522	)
	Interest rate caps/floor		—			—			—			1,526			—			1,526
	Warrants(1)		—			—			33			—			—			33
	Foreign currency forward contracts		—			—			—			(565	)		—			(565	)
	Total net realized gain (loss) on investments of Consolidated Funds	$	(2,755	)	$	—		$	(1,532	)	$	1,213		$	—		$	(3,074	)
	Net change in unrealized appreciation (depreciation) on investments of Consolidated Funds
	Purchased options	$	—		$	—		$	140		$	(170	)	$	—		$	(30	)
	Written options		—			—			—			(35	)		—			(35	)
	Swaps		1,785			(734	)		762			971			1,805			4,589
	Interest rate caps/floor		(2	)		—			—			(1,711	)		—			(1,713	)
	Warrants(1)		—			2,137			802			—			—			2,939
	Foreign currency forward contracts		—			—			28,778			187			(234	)		28,731
	Total net change in unrealized appreciation (depreciation) on investments of Consolidated Funds	$	1,783		$	1,403		$	30,482		$	(758	)	$	1,571		$	34,481
	-1
	Realized and unrealized gains (losses) on warrants are also reflected in the changes presented on the investment, at fair value footnote table.
Schedule of setoff and related arrangements associated with the derivative and other financial instruments	'
	Derivative and Other Instruments of the Consolidated Funds as of March 31, 2014
											Gross Amounts Not Offset
											in the Statement of
		Gross Amounts									Financial Position
		of
		Recognized Assets
	Description	(Liabilities)			Gross Amounts			Net Amounts of			Financial			Cash Collateral			Net Amount
					Offset in Assets			Assets (Liabilities)			Instruments			Received
					(Liabilities)			Presented						(Pledged)
	Assets:
	Derivatives	$	54,171		$	45,210		$	8,961		$	5,271		$	1,746		$	1,944
	Total		54,171			45,210			8,961			5,271			1,746			1,944
	Liabilities:
	Derivatives		(98,853	)		(45,210	)		(53,643	)		(5,481	)		(36,540	)		(11,622	)
	Total		(98,853	)		(45,210	)		(53,643	)		(5,481	)		(36,540	)		(11,622	)
	Grand Total	$	(44,682	)	$	—		$	(44,682	)	$	(210	)	$	(34,794	)	$	(9,678	)
	Derivative and Other Instruments of the Consolidated Funds as of December 31, 2013
											Gross Amounts Not Offset
											in the Statement of
		Gross Amounts									Financial Position
		of
		Recognized Assets
	Description	(Liabilities)			Gross Amounts			Net Amounts of			Financial			Cash Collateral			Net Amount
					Offset in Assets			Assets (Liabilities)			Instruments			Received
					(Liabilities)			Presented						(Pledged)
	Assets:
	Derivatives	$	27,081		$	12,456		$	14,625		$	9,642		$	4,675		$	308
	Reverse repurchase, securities borrowing, and similar arrangements(1)		1,695			—			1,695			—			—			1,695
	Total		28,776			12,456			16,320		$	9,642		$	4,675		$	2,003
	Liabilities:
	Derivatives		(87,571	)		(12,456	)		(75,115	)		(9,642	)		(42,903	)		(22,570	)
	Total		(87,571	)		(12,456	)		(75,115	)		(9,642	)		(42,903	)		(22,570	)
	Grand Total	$	(58,795	)	$	—		$	(58,795	)	$	—		$	(38,228	)	$	(20,567	)
	-1
	Included within investments, at fair value in the Combined and Consolidated Statement of Financial Condition
Ares Holdings, Inc. and Ares Investments LLC	'
DERIVATIVE FINANCIAL INSTRUMENTS	'
Schedule of setoff and related arrangements associated with the derivative and other financial instruments	'
	Derivative and Other Instruments of the Company as of March 31, 2014
											Gross
											Amounts
											Not Offset
											in the
											Statement
											of Financial
		Gross Amounts									Position
		of
		Recognized Assets
	Description	(Liabilities)			Gross Amounts			Net Amounts of			Financial			Net Amount
					Offset in Assets			Assets (Liabilities)			Instruments
					(Liabilities)			Presented
	Assets:
	Derivatives	$	1,132		$	—		$	1,132		$	366		$	766
	Total		1,132			—			1,132			366			766
	Liabilities:
	Derivatives		(2,942	)		—			(2,942	)		(366	)		(2,576	)
	Total		(2,942	)		—			(2,942	)		(366	)		(2,576	)
	Grand Total	$	(1,810	)	$	—		$	(1,810	)	$	—		$	(1,810	)
	Derivative and Other Instruments of the Company as of December 31, 2013
											Gross Amounts Not Offset in the Statement of Financial Position
		Gross Amounts
		of
		Recognized Assets
	Description	(Liabilities)			Gross Amounts			Net Amounts of			Financial			Net Amount
					Offset in Assets			Assets (Liabilities)			Instruments
					(Liabilities)			Presented
	Assets:
	Derivatives	$	1,164		$	—		$	1,164		$	338		$	826
	Total		1,164			—			1,164			338			826
	Liabilities:
	Derivatives		(2,907	)		—			(2,907	)		(338	)		(2,569	)
	Total		(2,907	)		—			(2,907	)		(338	)		(2,569	)
	Grand Total	$	(1,743	)	$	—		$	(1,743	)	$	—		$	(1,743	)

DEBT_Tables

DEBT (Tables) (Consolidated Funds)	3 Months Ended
	Mar. 31, 2014
Consolidated Funds	'
DEBT	'
Schedule of borrowings outstanding	'
		As of March 31, 2014
		Borrowing		Market Value		Weighted Average
		Outstanding				Remaining
						Maturity In Years
	Senior secured notes(1)	$	10,556,804	$	10,239,074		8.81
	Subordinated notes / preferred shares(2)		1,367,796		917,275		7.7
	Total loan obligations of Consolidated CLOs		11,924,600		11,156,349
	Type of Facility	Total Facility		Outstanding		Market			Effective			Commitment			Maturity
		(Capacity)		Loan		Value			Rate			Fee			Date
	Revolvers of Consolidated CLOs
	Revolving credit line	$	48,949	$	48,949	$	48,184			0.42	%		0.17	%		4/16/21
	Revolving credit line		1,035		—		—			0.51	%		0.19	%		2/24/18
	Revolving credit line		13,808		13,808		13,728			0.51	%		0.18	%		3/12/18
	Revolving credit line		48,510		48,510		47,553			0.44	%		0.17	%		10/11/21
	Revolving credit line		10,043		10,042		10,043			0.52	%		0.14	%		1/26/20
	Total revolvers of Consolidated CLOs				121,309		119,508
	Total notes payable and credit facilities of Consolidated CLOs			$	12,045,909	$	11,275,857
	-1
	Weighted average interest rate of 2.35%.
	-2
	The subordinated notes do not have contractual interest rates, but instead receive distributions from the excess cash flows generated by each Consolidated CLO.
		As of December 31, 2013
		Borrowing		Market		Weighted Average
		Outstanding		Value		Remaining
						Maturity In Years
	Senior secured notes(1)	$	10,967,524	$	10,679,878		8.92
	Subordinated notes / preferred shares(2)		1,325,446		962,098		8.64
	Total loan obligations of Consolidated CLOs		12,292,970		11,641,976
	Type of Facility	Total Facility		Outstanding		Market			Effective			Commitment			Maturity
		(Capacity)		Loan		Value			Rate			Fee			Date
	Revolvers of Consolidated CLOs
	Revolving credit line	$	48,949	$	48,949	$	48,119			0.43	%		0.17	%		4/16/21
	Revolving credit line		1,035		1,035		1,034			0.51	%		0.19	%		2/24/18
	Revolving credit line		23,567		23,567		23,351			0.52	%		0.18	%		3/12/18
	Revolving credit line		48,510		48,510		46,812			0.45	%		0.17	%		10/11/21
	Revolving credit line		12,865		12,865		12,865			0.52	%		0.14	%		1/26/20
	Total revolvers of Consolidated CLOs				134,926		132,181
	Total notes payable and credit facilities of Consolidated CLOs			$	12,427,896	$	11,774,157
	-1
	Weighted average interest rate of 2.36%.
	-2
	The subordinated notes do not have contractual interest rates, but instead receive distributions from the excess cash flows generated by each Consolidated CLO.
	The Consolidated Funds had the following revolving bank credit facilities and term loans outstanding as of March 31, 2014:
	Type of Facility	Total Facility		Outstanding		Effective		Commitment		Maturity
		(Capacity)		Loan(1)(3)		Rate		Fee		Date
	Short-term borrowings of Consolidated Funds
	Credit facility	$	40,000	$	—	LIBOR + 1.75%		0.25%			6/6/14
	Credit facility		100,000		—	LIBOR + 2.00%		0.75%			6/30/14
	Credit facility		35,000		35,000	LIBOR + 0.50%		0.50%			7/19/14
	Term loan payable		1,805,000		987,078	-2		0.50%			7/19/14
	Total short-term borrowings of Consolidated Funds				1,022,078
	Long-term borrowings of Consolidated Funds
	Credit facility	£	100,182		167,014	LIBOR + 1.85%		N/A			1/15/16
	Credit facility	$	523,400		523,400	LIBOR + 2.20%		N/A			10/15/15
	Notes payable		46,733		16,644	1.93%		N/A			9/19/15
	Notes payable		114,048		40,601	1.93%		N/A			9/19/15
	Total long-term borrowings of Consolidated Funds				747,659
	Total borrowings of Consolidated Funds			$	1,769,737
	-1
	The market values of the long term notes approximate the current carrying value that is tied to the LIBOR rate.
	-2
	Rate depends on the tranche of each note held. The rates during the period ranged from One Month LIBOR +0.35% to Three Month LIBOR +0.90%.
	-3
For loan maintained in a foreign currency, outstanding loan balances are converted and reported into U.S. dollars at the spot rate at reporting date.
The Consolidated Funds had the following revolving bank credit facilities and term loans outstanding as of December 31, 2013:
Type of Facility	Total Facility		Outstanding		Effective		Commitment		Maturity
	(Capacity)		Loan(1)(3)		Rate		Fee		Date
Short-term borrowings of Consolidated Funds
Credit facility	$	40,000	$	—	LIBOR + 1.75%		0.25%			6/6/14
Credit facility		116,841		—	LIBOR + 2.00%		0.38%			6/13/14
Credit facility		100,000		—	LIBOR + 2.00%		0.75%			6/30/14
Credit facility		35,000		35,000	LIBOR + 0.50%		0.50%			7/19/14
Term loan payable		1,805,000		1,137,526	-2		0.50%			7/19/14
Total short-term borrowings of Consolidated Funds				1,172,526
Long-term borrowings of Consolidated Funds
Credit facility	£	186,290		308,477	LIBOR + 1.85%		N/A			1/15/16
Credit facility	$	532,350		532,350	LIBOR + 2.20%		N/A			10/15/15
Credit facility	€	200,000		—	LIBOR + 3.00%		0.38%			8/16/19
Notes payable	$	46,733		16,644	1.93%		N/A			9/19/15
Notes payable		114,048		40,601	1.93%		N/A			9/19/15
Total long-term borrowings of Consolidated Funds				898,072
Total borrowings of Consolidated Funds			$	2,070,598
-1
The market values of the long term notes approximate the current carrying value that is tied to the LIBOR rate.
-2
Rate depends on the tranche of each note held. The rates during the period ranged from One Month LIBOR +0.35% to Three Month LIBOR +0.90%.
-3
For loan maintained in a foreign currency, outstanding loan balances are converted and reported into U.S. dollars at the spot rate at reporting date.

REDEEMABLE_AND_NON_CONTROLLING

REDEEMABLE AND NON CONTROLLING INTERESTS (Tables)	3 Months Ended
	Mar. 31, 2014
Ares Holdings, Inc. and Ares Investments LLC	'
Summary of changes in the redeemable interests	'
		As of March 31,			As of December 31,
		2014			2013
	Redeemable interests in consolidated subsidiaries
	Redeemable non-controlling interests in consolidated subsidiaries, beginning of period	$	40,751		$	30,488
	Net income attributable to redeemable, non-controlling interests in consolidated subsidiaries		406			2,451
	Contributions from redeemable, non-controlling interests in consolidated subsidiaries		—			3,712
	Distributions to redeemable, non-controlling interests in consolidated subsidiaries		(417	)		(4,641	)
	Currency translation adjustment attributable to redeemable, non-controlling interests in consolidated subsidiaries		3			13
	Revaluation of redeemable interest		1,638			8,437
	Equity compensation		1,206			291
	Redeemable interests in consolidated subsidiaries	$	43,587		$	40,751
Summary of changes in the non-controlling interest	'
		Non-controlling interest in AHI, AI and consolidated subsidiaries
		Members'			Common			Additional		Retained			Accumulated		Total Equity
		Equity			Stock			Paid in		Earnings			Other
					(B shares)			Capital					Comprehensive
													Income (Loss)
	Balance at December 31, 2013	$	109,992		$	0		$	57,842	$	(417	)	$	314	$	167,731
	Distributions		(2,802	)		—			—		—			—		(2,802	)
	Net income		11,017			—			—		1,919			—		12,936
	Revaluation of redeemable equity		(165	)		—			—		(230	)		—		(395	)
	Currency translation adjustment		—			—			—		—			79		79
	Equity compensation		271			—			723		—			—		994
	Balance at March 31, 2014	$	118,313		$	0		$	58,565	$	1,272		$	393	$	178,543
Consolidated Funds	'
Summary of changes in the redeemable interests	'
		As of March 31,			As of December 31,
		2014			2013
	Redeemable interests in Consolidated Funds
	Redeemable non-controlling interests in Consolidated Funds, beginning of period	$	1,093,770		$	1,100,108
	Net income attributable to redeemable, non-controlling interests in Consolidated Funds		37,048			137,924
	Contributions from redeemable, non-controlling interests in Consolidated Funds		41,655			—
	Distributions to redeemable, non-controlling interests in Consolidated Funds		(52,888	)		(143,378	)
	Currency translation adjustment attributable to redeemable, non-controlling interests in Consolidated Funds		—			(884	)
	Redeemable interests in Consolidated Funds	$	1,119,585		$	1,093,770

RELATED_PARTY_TRANSACTIONS_Tab

RELATED PARTY TRANSACTIONS (Tables) (Ares Holdings, Inc. and Ares Investments LLC)	3 Months Ended
	Mar. 31, 2014
Ares Holdings, Inc. and Ares Investments LLC	'
Related party transactions	'
Schedule of amounts due from and to affiliates	'
		March 31, 2014		December 31, 2013
	Due from affiliates:
	Management fees receivable from non-consolidated funds	$	97,853	$	91,917
	Payments made on behalf of non-consolidated funds		21,477		17,003
	Due from affiliates—Company	$	119,330	$	108,920
	Amounts due from non-consolidated funds	$	9,930	$	2,010
	Due from affiliates—Consolidated Funds	$	9,930	$	2,010
	Due to affiliates:
	Management fee rebate payable to non-consolidated funds	$	12,183	$	28,715
	Payments made by non-consolidated funds on behalf of Company		11,129		3,975
	Due to affiliates—Company	$	23,312	$	32,690
	Amounts due to non-consolidated funds	$	2,530	$	2,695
	Due to affiliates—Consolidated Funds	$	2,530	$	2,695

SEGMENT_REPORTING_Tables

SEGMENT REPORTING (Tables) (Ares Holdings, Inc. and Ares Investments LLC)	3 Months Ended
	Mar. 31, 2014
Ares Holdings, Inc. and Ares Investments LLC	'
Segment reporting	'
Schedule of financial results for Company's operating segments, as well as the OMG	'
	The following table presents the financial results for the Company's operating segments, as well as the OMG, as of and for the three months ended March 31, 2014:
		Private			Direct			Tradable			Real			Total			OMG			Total
		Equity			Lending			Credit			Estate			Segments						Stand
		Group			Group			Group			Group									Alone
	Management fees
	Recurring fees (includes, in the case of the Direct Lending Group, $28,318 of ARCC Part I Fees)	$	23,196		$	66,204		$	33,693		$	16,768		$	139,861		$	—		$	139,861
	Previously deferred fees		—			—			—			—			—			—			—
	Total management fees		23,196			66,204			33,693			16,768			139,861			—			139,861
	Administrative fees and other income		76			90			17			1,290			1,473			5,392			6,865
	General, administrative and other expenses		(2,000	)		(1,914	)		(3,696	)		(4,267	)		(11,877	)		(13,535	)		(25,412	)
	Compensation and benefits		(8,195	)		(32,212	)		(10,805	)		(11,485	)		(62,697	)		(27,657	)		(90,354	)
	Fee related earnings (loss)		13,077			32,168			19,209			2,306			66,760			(35,800	)		30,960
	Performance fees—realized		13,086			39			10,213			—			23,338			—			23,338
	Performance fees—unrealized		21,341			2,292			13,509			2,950			40,092			—			40,092
	Performance fee compensation expense—realized		(10,472	)		(29	)		(5,506	)		—			(16,007	)		—			(16,007	)
	Performance fee compensation expense—unrealized		(16,912	)		(1,451	)		(6,355	)		—			(24,718	)		—			(24,718	)
	Net performance fees		7,043			851			11,861			2,950			22,705			—			22,705
	Investment income (loss)—realized		1,131			(597	)		18,018			730			19,282			—			19,282
	Investment income (loss)—unrealized		15,156			1,524			(12,866	)		(862	)		2,952			—			2,952
	Interest and other income		2,785			98			251			11			3,145			—			3,145
	Interest expense		(623	)		(304	)		(387	)		(325	)		(1,639	)		—			(1,639	)
	Net investment income (loss)		18,449			721			5,016			(446	)		23,740			—			23,740
	Performance related earnings		25,492			1,572			16,877			2,504			46,445			—			46,445
	Economic net income (loss)	$	38,569		$	33,740		$	36,086		$	4,810		$	113,205		$	(35,800	)	$	77,405
	Distributable earnings (loss)	$	18,698		$	31,158		$	40,704		$	1,499		$	92,059		$	(37,512	)	$	54,547
	Total assets	$	477,710		$	195,543		$	555,851		$	167,315		$	1,396,419		$	10,437		$	1,406,856
	The following table presents the financial results for the Company's operating segments, as well as the OMG, as of and for the three months ended March 31, 2013:
		Private			Direct			Tradable			Real			Total			OMG			Total
		Equity			Lending			Credit			Estate			Segments						Stand
		Group			Group			Group			Group									Alone
	Management fees
	Recurring fees (includes, in the case of the Direct Lending Group, $23,836 of ARCC Part I Fees)	$	23,543		$	51,450		$	30,031		$	2,467		$	107,491		$	—		$	107,491
	Previously deferred fees		—			—			1,139			—			1,139			—			1,139
	Total management fees		23,543			51,450			31,170			2,467			108,630			—			108,630
	Administrative fees and other income		117			83			—			5			205			4,455			4,660
	General, administrative and other expenses		(2,238	)		(1,802	)		(2,475	)		(1,258	)		(7,773	)		(5,554	)		(13,327	)
	Compensation and benefits		(6,596	)		(26,902	)		(8,767	)		(3,568	)		(45,833	)		(19,082	)		(64,915	)
	Fee related earnings (loss)		14,826			22,829			19,928			(2,354	)		55,229			(20,181	)		35,048
	Performance fees—realized		9,012			—			9,038			—			18,050			—			18,050
	Performance fees—unrealized		25,513			1,499			54,351			—			81,363			—			81,363
	Performance fee compensation expense—realized		(7,209	)		—			(36	)		—			(7,245	)		—			(7,245	)
	Performance fee compensation expense—unrealized		(20,269	)		(823	)		(34,665	)		—			(55,757	)		—			(55,757	)
	Net performance fees		7,047			676			28,688			—			36,411			—			36,411
	Investment income (loss)—realized		926			(825	)		19,513			(37	)		19,577			—			19,577
	Investment income (loss)—unrealized		2,424			3,839			(3,961	)		1,048			3,350			—			3,350
	Interest and other income		406			1,151			312			39			1,908			—			1,908
	Interest expense		(919	)		(637	)		(656	)		(213	)		(2,425	)		—			(2,425	)
	Net investment income (loss)		2,837			3,528			15,208			837			22,410			—			22,410
	Performance related earnings		9,884			4,204			43,896			837			58,821			—			58,821
	Economic net income (loss)	$	24,710		$	27,033		$	63,824		$	(1,517	)	$	114,050		$	(20,181	)	$	93,869
	Distributable earnings (loss)	$	16,752		$	22,342		$	47,607		$	(3,422	)	$	83,279		$	(20,472	)	$	62,807
	Total assets	$	407,526		$	211,238		$	656,974		$	53,547		$	1,329,285		$	9,444		$	1,338,729
Schedule of reconcile segment results to the Company's income before taxes and total assets	'
		For the Three Months Ended March 31, 2014
		Total			Consolidation Adjustments			Consolidated
		Segments			and Reconciling Items			Results
	Revenues	$	204,764	-1	$	(71,136	)(a)	$	133,628
	Expenses		115,299	-2		68,831	(b)		184,130
	Other income		23,740	-3		301,437	(c)		325,177
	Economic net income / Income before taxes		113,205			161,470	(d)		274,675
	Total assets		1,396,419			20,639,082	(e)		22,035,501
		For the Three Months Ended March 31, 2013
		Total			Consolidation Adjustments			Consolidated
		Segments			and Reconciling Items			Results
	Revenues	$	208,248	-1	$	(100,711	)(a)	$	107,537
	Expenses		116,608	-2		96,459	(b)		213,067
	Other income		22,410	-3		330,704	(c)		353,114
	Economic net income / Income before taxes		114,050			133,534	(d)		247,584
	Total assets		1,329,285			23,898,471	(e)		25,227,756
	-1
	Segment revenues consist of management fees, administrative fees and other income, as well as realized and unrealized performance fees.
		March 31, 2014			March 31, 2013
	Management fees	$	139,861		$	108,630
	Administrative fees and other income		1,473			205
	Performance fees—realized		23,338			18,050
	Performance fees—unrealized		40,092			81,363
	Total segment revenue	$	204,764		$	208,248
	-2
	Segment expenses consist of compensation and benefits, and general, administrative and other expenses, as well as realized and unrealized performance fee expenses.
		March 31, 2014			March 31, 2013
	Compensation and benefits	$	62,697		$	45,833
	General, administrative and other expenses		11,877			7,773
	Performance fee compensation expense—realized		16,007			7,245
	Performance fee compensation expense—unrealized		24,718			55,757
	Total segment expense	$	115,299		$	116,608
	-3
	Segment other income consists of realized and unrealized investment income and expenses, interest and other income and interest expenses.
		March 31, 2014			March 31, 2013
	Investment income (loss)—realized	$	19,282		$	19,577
	Investment income (loss)—unrealized		2,952			3,350
	Interest and other income		3,145			1,908
	Interest expense		(1,639	)		(2,425	)
	Net investment income	$	23,740		$	22,410
	(a)
	The revenues adjustment principally represents management and performance fees earned from Consolidated Funds which were eliminated in consolidation to arrive at Ares consolidated revenues.
		March 31, 2014			March 31, 2013
	Consolidated Fund income eliminated in consolidation	$	(73,578	)	$	(105,166	)
	Administrative fees and other income attributable to OMG		5,392			4,455
	Performance fee reclass(1)		(2,950	)		—
	Total consolidated adjustments and reconciling items	$	(71,136	)	$	(100,711	)
	-1
	Related to performance fees for AREA Sponsor Holdings LLC, an investment pool. Changes in value of this investment are reflected within other income (expense) in the Company's Combined and Consolidated Statements of Operations.
	(b)
	The expenses adjustment represents the addition of expenses of the Consolidated Funds to the Ares unconsolidated expenses, depreciation expense, equity-based compensation and expenses associated with acquisitions and corporate actions necessary to arrive at Ares consolidated expenses.
		March 31, 2014			March 31, 2013
	Consolidated Fund expenses added in consolidation	$	40,637		$	122,345
	Consolidated Fund expenses eliminated in consolidation		(31,700	)		(61,237	)
	OMG expenses		41,192			24,636
	Acquisition related expenses		1,421			750
	Equity compensation expense		5,339			6,310
	Income tax expenses(1)		—			41
	Placement fees and underwriting costs		1,052			82
	Amortization of intangibles		8,831			2,299
	Depreciation expense		2,059			1,233
	Total consolidation adjustments and reconciling items	$	68,831		$	96,459
	-1
Relates to local income taxes paid by subsidiary operating entities included in general, administrative and other expenses.
(c)
The other income adjustment represents the addition of net investment income (loss) and net interest income (expense) to arrive at Ares consolidated other income.
	March 31, 2014			March 31, 2013
Other income from Consolidated Funds eliminated in consolidation, net	$	(22,630	)	$	(12,985	)
Consolidated Funds other income added in consolidation, net		321,117			343,689
Performance fee reclass(1)		2,950			—
Total consolidation adjustments and reconciling items	$	301,437		$	330,704
-1
Related to performance fees for AREA Sponsor Holdings LLC. Changes in value of this investment are reflected within other (income) expense in the Company's Combined and Consolidated Statements of Operations.
(d)
The reconciliation of income before taxes as reported in the Combined and Consolidated Statements of Operations to economic net income, to fee related earnings, to performance related earnings and to distributable earnings consists of the following:
	March 31, 2014			March 31, 2013
Economic net income
Income before taxes	$	274,675		$	247,584
Adjustments
Amortization of intangibles		8,831			2,299
Depreciation expense		2,059			1,233
Equity compensation expenses		5,339			6,310
Income tax expense(1)		—			41
Acquisition-related expenses		1,421			750
Placement fees and underwriting costs		1,052			82
OMG expenses, net		35,800			20,181
Income of non-controlling interests in Consolidated Funds		(225,181	)		(148,591	)
Income tax expense (benefit) of non-controlling interests in Consolidated Funds		9,209			(15,839	)
Economic net income	$	113,205		$	114,050
Fee related earnings
Income before taxes	$	274,675		$	247,584
Adjustments
Amortization of intangibles		8,831			2,299
Depreciation expense		2,059			1,233
Equity compensation expenses		5,339			6,310
Income tax expense(1)		—			41
Acquisition-related expenses		1,421			750
Placement fees and underwriting costs		1,052			82
OMG expenses, net		35,800			20,181
Income of non-controlling interests in Consolidated Funds		(225,181	)		(148,591	)
Income tax (expense) benefit of non-controlling interests in Consolidated Funds		9,209			(15,839	)
Total consolidation adjustments and reconciling items		(161,470	)		(133,534	)
Economic net income		113,205			114,050
Total performance fee income—realized		(23,338	)		(18,050	)
Total performance fee income—unrealized		(40,092	)		(81,363	)
Total performance fee expense—realized		16,007			7,245
Total performance fee expense—unrealized		24,718			55,757
Net investment income		(23,740	)		(22,410	)
Fee related earnings	$	66,760		$	55,229
Management fees	$	139,861		$	108,630
Administrative fees and other income		1,473			205
Compensation and benefits		(62,697	)		(45,833	)
General, administrative and other expenses		(11,877	)		(7,773	)
Fee related earnings	$	66,760		$	55,229
	March 31, 2014			March 31, 2013
Performance related earnings:
Income before taxes	$	274,675		$	247,584
Adjustments
Amortization of intangibles		8,831			2,299
Depreciation expense		2,059			1,233
Equity compensation expenses		5,339			6,310
Income tax expense(1)		—			41
Acquisition-related expenses		1,421			750
Placement fees and underwriting costs		1,052			82
OMG expenses, net		35,800			20,181
Income of non-controlling interests in Consolidated Funds		(225,181	)		(148,591	)
Income tax expense (benefit) of non-controlling interests in Consolidated Funds		9,209			(15,839	)
Economic net income		113,205			114,050
Total management fees	$	(139,861	)	$	(108,630	)
Administrative fees and other income		(1,473	)		(205	)
Compensation and benefits		62,697			45,833
General, administrative and other expenses		11,877			7,773
Performance related earnings	$	46,445		$	58,821
Total performance fee income—realized	$	23,338		$	18,050
Total performance fee income—unrealized		40,092			81,363
Total performance fee expense—realized		(16,007	)		(7,245	)
Total performance fee expense—unrealized		(24,718	)		(55,757	)
Net investment income		23,740			22,410
Performance related earnings	$	46,445		$	58,821
-1
Relates to local income taxes paid by subsidiary operating entities included in general, administrative and other expenses.
	March 31, 2014			March 31, 2013
Distributable Earnings
Income before taxes	$	274,675		$	247,584
Adjustments
Amortization of intangibles		8,831			2,299
Equity compensation expenses		5,339			6,310
OMG distributable loss(1)		37,512			20,472
Income of non-controlling interests in Consolidated Funds		(225,181	)		(148,591	)
Income tax (expense) benefit of non-controlling interests in Consolidated Funds		9,209			(15,839	)
Unrealized performance fee		(40,092	)		(81,363	)
Unrealized performance fee compensation expense		24,718			55,757
Unrealized investment and other loss		(2,952	)		(3,350	)
Distributable Earnings	$	92,059		$	83,279
Fee related earnings	$	66,760		$	55,229
Performance fees—realized		23,338			18,050
Performance fee compensation expense—realized		(16,007	)		(7,245	)
Other income realized, net		20,788			19,060
Net performance fee—realized		28,119			29,865
Less:
One-time acquisition costs		—			(750	)
Income tax expense(2)		—			(41	)
Placement fees and underwriting costs		(1,052	)		(82	)
Non-cash depreciation and amortization(3)		(1,768	)		(942	)
Distributable earnings	$	92,059		$	83,279
-1
Represents OMG distributable earnings which includes depreciation expense.
-2
Relates to local income taxes paid by subsidiary operating entities included in general, administrative and other expenses.
-3
Depreciation and amortization is reduced by the amounts attributed to OMG equal to $291 and $291 for the periods ended March 31, 2014 and 2013, respectively.
(e)
The reconciliation of total segment assets to total assets reported in the Combined and Consolidated Statements of Financial Condition consists of the following:
	March 31, 2014			March 31, 2013
Total assets from Consolidated Funds eliminated in consolidation	$	(791,639	)	$	(829,629	)
Total assets from Consolidated Funds added in consolidation		21,420,284			24,718,656
OMG assets		10,437			9,444
Total consolidation adjustments and reconciling items	$	20,639,082		$	23,898,471
Schedule of segment revenues consist of management fees, administrative fees and other income, as well as realized and unrealized performance fees	'
		March 31, 2014			March 31, 2013
	Management fees	$	139,861		$	108,630
	Administrative fees and other income		1,473			205
	Performance fees—realized		23,338			18,050
	Performance fees—unrealized		40,092			81,363
	Total segment revenue	$	204,764		$	208,248
Schedule of segment expenses consist of compensation and benefits, and general, administrative and other expenses, as well as realized and unrealized performance fee expenses	'
		March 31, 2014			March 31, 2013
	Compensation and benefits	$	62,697		$	45,833
	General, administrative and other expenses		11,877			7,773
	Performance fee compensation expense—realized		16,007			7,245
	Performance fee compensation expense—unrealized		24,718			55,757
	Total segment expense	$	115,299		$	116,608
Schedule of segment other income consists of realized and unrealized investment income and expenses, interest and other income and interest expenses	'
		March 31, 2014			March 31, 2013
	Investment income (loss)—realized	$	19,282		$	19,577
	Investment income (loss)—unrealized		2,952			3,350
	Interest and other income		3,145			1,908
	Interest expense		(1,639	)		(2,425	)
	Net investment income	$	23,740		$	22,410
Schedule of revenue adjustment	'
		March 31, 2014			March 31, 2013
	Consolidated Fund income eliminated in consolidation	$	(73,578	)	$	(105,166	)
	Administrative fees and other income attributable to OMG		5,392			4,455
	Performance fee reclass(1)		(2,950	)		—
	Total consolidated adjustments and reconciling items	$	(71,136	)	$	(100,711	)
	-1
	Related to performance fees for AREA Sponsor Holdings LLC, an investment pool. Changes in value of this investment are reflected within other income (expense) in the Company's Combined and Consolidated Statements of Operations.
Schedule of expenses adjustment	'
		March 31, 2014			March 31, 2013
	Consolidated Fund expenses added in consolidation	$	40,637		$	122,345
	Consolidated Fund expenses eliminated in consolidation		(31,700	)		(61,237	)
	OMG expenses		41,192			24,636
	Acquisition related expenses		1,421			750
	Equity compensation expense		5,339			6,310
	Income tax expenses(1)		—			41
	Placement fees and underwriting costs		1,052			82
	Amortization of intangibles		8,831			2,299
	Depreciation expense		2,059			1,233
	Total consolidation adjustments and reconciling items	$	68,831		$	96,459
	-1
	Relates to local income taxes paid by subsidiary operating entities included in general, administrative and other expenses.
Schedule of other income adjustment	'
		March 31, 2014			March 31, 2013
	Other income from Consolidated Funds eliminated in consolidation, net	$	(22,630	)	$	(12,985	)
	Consolidated Funds other income added in consolidation, net		321,117			343,689
	Performance fee reclass(1)		2,950			—
	Total consolidation adjustments and reconciling items	$	301,437		$	330,704
	-1
	Related to performance fees for AREA Sponsor Holdings LLC. Changes in value of this investment are reflected within other (income) expense in the Company's Combined and Consolidated Statements of Operations.
Schedule of reconciliation of income before taxes from reportable segments to economic net income, to fee related earnings, to performance related earnings and to distributable earnings of entity's consolidated statement of operations	'
		March 31, 2014			March 31, 2013
	Economic net income
	Income before taxes	$	274,675		$	247,584
	Adjustments
	Amortization of intangibles		8,831			2,299
	Depreciation expense		2,059			1,233
	Equity compensation expenses		5,339			6,310
	Income tax expense(1)		—			41
	Acquisition-related expenses		1,421			750
	Placement fees and underwriting costs		1,052			82
	OMG expenses, net		35,800			20,181
	Income of non-controlling interests in Consolidated Funds		(225,181	)		(148,591	)
	Income tax expense (benefit) of non-controlling interests in Consolidated Funds		9,209			(15,839	)
	Economic net income	$	113,205		$	114,050
	Fee related earnings
	Income before taxes	$	274,675		$	247,584
	Adjustments
	Amortization of intangibles		8,831			2,299
	Depreciation expense		2,059			1,233
	Equity compensation expenses		5,339			6,310
	Income tax expense(1)		—			41
	Acquisition-related expenses		1,421			750
	Placement fees and underwriting costs		1,052			82
	OMG expenses, net		35,800			20,181
	Income of non-controlling interests in Consolidated Funds		(225,181	)		(148,591	)
	Income tax (expense) benefit of non-controlling interests in Consolidated Funds		9,209			(15,839	)
	Total consolidation adjustments and reconciling items		(161,470	)		(133,534	)
	Economic net income		113,205			114,050
	Total performance fee income—realized		(23,338	)		(18,050	)
	Total performance fee income—unrealized		(40,092	)		(81,363	)
	Total performance fee expense—realized		16,007			7,245
	Total performance fee expense—unrealized		24,718			55,757
	Net investment income		(23,740	)		(22,410	)
	Fee related earnings	$	66,760		$	55,229
	Management fees	$	139,861		$	108,630
	Administrative fees and other income		1,473			205
	Compensation and benefits		(62,697	)		(45,833	)
	General, administrative and other expenses		(11,877	)		(7,773	)
	Fee related earnings	$	66,760		$	55,229
		March 31, 2014			March 31, 2013
	Performance related earnings:
	Income before taxes	$	274,675		$	247,584
	Adjustments
	Amortization of intangibles		8,831			2,299
	Depreciation expense		2,059			1,233
	Equity compensation expenses		5,339			6,310
	Income tax expense(1)		—			41
	Acquisition-related expenses		1,421			750
	Placement fees and underwriting costs		1,052			82
	OMG expenses, net		35,800			20,181
	Income of non-controlling interests in Consolidated Funds		(225,181	)		(148,591	)
	Income tax expense (benefit) of non-controlling interests in Consolidated Funds		9,209			(15,839	)
	Economic net income		113,205			114,050
	Total management fees	$	(139,861	)	$	(108,630	)
	Administrative fees and other income		(1,473	)		(205	)
	Compensation and benefits		62,697			45,833
	General, administrative and other expenses		11,877			7,773
	Performance related earnings	$	46,445		$	58,821
	Total performance fee income—realized	$	23,338		$	18,050
	Total performance fee income—unrealized		40,092			81,363
	Total performance fee expense—realized		(16,007	)		(7,245	)
	Total performance fee expense—unrealized		(24,718	)		(55,757	)
	Net investment income		23,740			22,410
Performance related earnings	$	46,445		$	58,821
-1
Relates to local income taxes paid by subsidiary operating entities included in general, administrative and other expenses.
	March 31, 2014			March 31, 2013
Distributable Earnings
Income before taxes	$	274,675		$	247,584
Adjustments
Amortization of intangibles		8,831			2,299
Equity compensation expenses		5,339			6,310
OMG distributable loss(1)		37,512			20,472
Income of non-controlling interests in Consolidated Funds		(225,181	)		(148,591	)
Income tax (expense) benefit of non-controlling interests in Consolidated Funds		9,209			(15,839	)
Unrealized performance fee		(40,092	)		(81,363	)
Unrealized performance fee compensation expense		24,718			55,757
Unrealized investment and other loss		(2,952	)		(3,350	)
Distributable Earnings	$	92,059		$	83,279
Fee related earnings	$	66,760		$	55,229
Performance fees—realized		23,338			18,050
Performance fee compensation expense—realized		(16,007	)		(7,245	)
Other income realized, net		20,788			19,060
Net performance fee—realized		28,119			29,865
Less:
One-time acquisition costs		—			(750	)
Income tax expense(2)		—			(41	)
Placement fees and underwriting costs		(1,052	)		(82	)
Non-cash depreciation and amortization(3)		(1,768	)		(942	)
Distributable earnings	$	92,059		$	83,279
-1
Represents OMG distributable earnings which includes depreciation expense.
-2
Relates to local income taxes paid by subsidiary operating entities included in general, administrative and other expenses.
-3
Depreciation and amortization is reduced by the amounts attributed to OMG equal to $291 and $291 for the periods ended March 31, 2014 and 2013, respectively.
Schedule of reconciliation of total segment assets to total assets reported in the Combined and Consolidated Statements of Financial Condition	'
		March 31, 2014			March 31, 2013
	Total assets from Consolidated Funds eliminated in consolidation	$	(791,639	)	$	(829,629	)
	Total assets from Consolidated Funds added in consolidation		21,420,284			24,718,656
	OMG assets		10,437			9,444
	Total consolidation adjustments and reconciling items	$	20,639,082		$	23,898,471

CONSOLIDATING_SCHEDULES_Tables

CONSOLIDATING SCHEDULES (Tables) (Ares Holdings, Inc. and Ares Investments LLC)	3 Months Ended
	Mar. 31, 2014
Ares Holdings, Inc. and Ares Investments LLC	'
CONSOLIDATING SCHEDULES	'
Schedule of consolidating effects of the Consolidated Funds on the Company's financial condition	'
		For the Three Months Ended March 31, 2014
		Consolidated			Consolidated			Eliminations			Consolidated
		Company Entities			Funds
	Assets
	Cash and cash equivalents	$	36,634		$	—		$	—		$	36,634
	Restricted cash and cash equivalents		7,657			—			—			7,657
	Investments, at fair value		519,750			—			(398,142	)		121,608
	Performance fees receivable		490,883			—			(354,453	)		136,430
	Derivative assets, at fair value		1,132			—			—			1,132
	Due from affiliates		136,986			—			(17,656	)		119,330
	Intangible assets, net		59,938			—			—			59,938
	Goodwill		60,531			—			—			60,531
	Other assets		93,345			—			(21,388	)		71,957
	Assets of Consolidated Funds
	Cash and cash equivalents		—			1,276,657			—			1,276,657
	Investments, at fair value		—			19,485,067			—			19,485,067
	Due from affiliates		—			9,930			—			9,930
	Dividends and interest receivable		—			170,490			—			170,490
	Receivable for securities sold		—			447,263			—			447,263
	Derivative assets, at fair value		—			8,961			—			8,961
	Other assets		—			21,916			—			21,916
	Total assets	$	1,406,856		$	21,420,284		$	(791,639	)	$	22,035,501
	Liabilities
	Debt obligations	$	172,119		$	—		$	—		$	172,119
	Accounts payable, accrued expenses and other liabilities		63,621			—			—			63,621
	Deferred tax liability, net		20,793			—			—			20,793
	Performance fee compensation payable		304,015			—			—			304,015
	Derivative liabilities, at fair value		2,942			—			—			2,942
	Accrued compensation		55,557			—			—			55,557
	Due to affiliates		22,410			—			902			23,312
	Liabilities of Consolidated Funds
	Accounts payable, accrued expenses and other liabilities		—			66,010			—			66,010
	Payable for securities purchased		—			601,349			—			601,349
	Derivative liabilities, at fair value		—			53,643			—			53,643
	Due to affiliates		—			83,649			(81,119	)		2,530
	Deferred tax liability		—			20,449			—			20,449
	CLO loan obligations		—			11,330,112			(54,255	)		11,275,857
	Fund borrowings		—			1,769,737			—			1,769,737
	Mezzanine debt		—			327,892			—			327,892
	Total liabilities		641,457			14,252,841			(134,472	)		14,759,826
	Commitments and contingencies
	Redeemable interest in Consolidated Funds		—			1,119,585			—			1,119,585
	Redeemable interest in AHI, AI and consolidated subsidiaries		43,587			—			—			43,587
	Non-controlling interest in Consolidated Funds:
	Non-controlling interest in Consolidated Funds		—			5,941,100			(657,167	)		5,283,933
	Equity appropriated for Consolidated Funds		—			106,758			—			106,758
	Non-controlling interest in Consolidated Funds		—			6,047,858			(657,167	)		5,390,691
	Non-controlling interest in equity of AHI, AI and consolidated subsidiaries		178,543			—			—			178,543
	Controlling interest in equity of AHI, AI and consolidated subsidiaries:
	Members' equity		350,862			—			—			350,862
	Common stock (class A shares, 50,000 authorized, 5,010 shares issued and outstanding, $0.001 par value)		0			—			—			0
	Additional paid in capital		315,553			—			—			315,553
	Retained earnings		(124,408	)		—			—			(124,408	)
	Accumulated other comprehensive gain		1,262			—			—			1,262
	Total controlling interest in equity of AHI, AI and consolidated subsidiaries		543,269			—			—			543,269
	Total equity		721,812			6,047,858			(657,167	)		6,112,503
	Total liabilities, redeemable interests, non-controlling interests and equity	$	1,406,856		$	21,420,284		$	(791,639	)	$	22,035,501
		For the Year Ended December 31, 2013
		Consolidated			Consolidated			Eliminations			Consolidated
		Company Entities			Funds
	Assets
	Cash and cash equivalents	$	89,802		$	—		$	—		$	89,802
	Restricted cash and cash equivalents		13,344			—			—			13,344
Investments, at fair value		504,291			—			(414,853	)		89,438
Performance fees receivable		481,751			—			(344,069	)		137,682
Derivative assets, at fair value		1,164			—			—			1,164
Due from affiliates		130,625			—			(21,705	)		108,920
Intangible assets, net		68,742			—			—			68,742
Goodwill		58,159			—			—			58,159
Other assets		96,904			—			(23,304	)		73,600
Assets of Consolidated Funds
Cash and cash equivalents		—			1,638,003			—			1,638,003
Investments, at fair value		—			20,823,338			—			20,823,338
Due from affiliates		—			2,010			—			2,010
Dividends and interest receivable		—			133,158			—			133,158
Receivable for securities sold		—			427,871			—			427,871
Derivative assets, at fair value		—			14,625			—			14,625
Other assets		—			27,505			(1,977	)		25,528
Total assets	$	1,444,782		$	23,066,510		$	(805,908	)	$	23,705,384
Liabilities
Debt obligations	$	153,119		$	—		$	—		$	153,119
Accounts payable, accrued expenses and other liabilities		69,550			—			(2,064	)		67,486
Deferred tax liability, net		21,002			—			—			21,002
Performance fee compensation payable		295,978			—			—			295,978
Derivative liabilities, at fair value		2,907			—			—			2,907
Accrued compensation		132,917			—			—			132,917
Due to affiliates		35,149			—			(2,459	)		32,690
Liabilities of Consolidated Funds
Accounts payable, accrued expenses and other liabilities		—			95,839			—			95,839
Payable for securities purchased		—			945,115			—			945,115
Derivative liabilities, at fair value		—			75,115			—			75,115
Due to affiliates		—			92,211			(89,516	)		2,695
Securities sold short, at fair value		—			1,633			—			1,633
Deferred tax liability		—			35,904			—			35,904
CLO loan obligations		—			11,838,396			(64,239	)		11,774,157
Fund borrowings		—			2,070,598			—			2,070,598
Mezzanine debt		—			323,164			—			323,164
Total liabilities		710,622			15,477,975			(158,278	)		16,030,319
Commitments and contingencies
Redeemable interest in Consolidated Funds		—			1,093,770			—			1,093,770
Redeemable interest in AHI, AI and consolidated subsidiaries		40,751			—			—			40,751
Non-controlling interest in Consolidated Funds:
Non-controlling interest in Consolidated Funds		—			6,339,504			(647,630	)		5,691,874
Equity appropriated for Consolidated Funds		—			155,261			—			155,261
Non-controlling interest in Consolidated Funds		—			6,494,765			(647,630	)		5,847,135
Non-controlling interest in equity of AHI, AI and consolidated subsidiaries		167,731			—			—			167,731
Controlling interest in equity of AHI, AI and consolidated subsidiaries:
Members' equity		321,891			—			—			321,891
Common stock (class A shares, 50,000 authorized, 5,010 shares issued and outstanding, $0.001 par value)		0			—			—			0
Additional paid in capital		338,375			—			—			338,375
Retained earnings		(135,573	)		—			—			(135,573	)
Accumulated other comprehensive gain		985			—			—			985
Total controlling interest in equity of AHI, AI and consolidated subsidiaries		525,678			—			—			525,678
Total equity		693,409			6,494,765			(647,630	)		6,540,544
Total liabilities, redeemable interests, non-controlling interests and equity	$	1,444,782		$	23,066,510		$	(805,908	)	$	23,705,384
Schedule of results from operations	'
		For the Three Months Ended March 31, 2014
		Consolidated			Consolidated			Eliminations			Consolidated
		Company Entities			Funds
	Revenues
	Management fees (includes ARCC Part I Fees of $28,318)	$	139,861		$	—		$	(29,312	)	$	110,549
	Performance fees		60,480			—			(44,266	)		16,214
	Other fees		6,865			—			—			6,865
	Total revenues		207,206			—			(73,578	)		133,628
	Expenses
	Compensation and benefits		95,693			—			—			95,693
	Performance fee compensation		40,725			—			—			40,725
	General, administrative and other expense		38,775			—			—			38,775
	Consolidated Fund expenses		—			40,637			(31,700	)		8,937
	Total expenses		175,193			40,637			(31,700	)		184,130
	Other income (expense)
	Interest and other income		3,483			—			(3,359	)		124
	Interest expense		(1,639	)		—			—			(1,639	)
	Net realized gain (loss) on investments		19,281			—			(19,347	)		(66	)
	Net change in unrealized appreciation (depreciation) on investments		5,565			—			(1,419	)		4,146
	Interest and other income of Consolidated Funds		—			345,476			(131	)		345,345
	Interest expense of Consolidated Funds		—			(145,737	)		695			(145,042	)
	Net realized gain on investments of Consolidated Funds		—			54,965			—			54,965
	Net change in unrealized appreciation on investments of Consolidated Funds		—			66,413			931			67,344
	Total other income		26,690			321,117			(22,630	)		325,177
	Income before taxes		58,703			280,480			(64,508	)		274,675
	Income tax expense (benefit)		2,514			(9,209	)		—			(6,695	)
	Net income		56,189			289,689			(64,508	)		281,370
	Less: Net income attributable to non-controlling interests and redeemable non-controlling interests in Consolidated Funds		—			289,689			(64,508	)		225,181
	Less: Net income attributable to non-controlling interests in consolidated subsidiaries		13,342			—			—			13,342
	Net income attributable to controlling interests in AHI, AI and consolidated subsidiaries	$	42,847		$	—		$	—		$	42,847
		For the Three Months Ended March 31, 2013
		Consolidated			Consolidated			Eliminations			Consolidated
		Company Entities			Funds
	Revenues
	Management fees (includes ARCC Part I Fees of $23,836)	$	108,630		$	—		$	(30,236	)	$	78,394
	Performance fees		99,413			—			(74,259	)		25,154
	Other fees		4,660			—			(671	)		3,989
	Total revenues		212,703			—			(105,166	)		107,537
	Expenses
	Compensation and benefits		71,975			—			—			71,975
	Performance fee compensation		63,002			—			—			63,002
	General, administrative and other expense		16,982			—			—			16,982
	Consolidated Fund expenses		—			122,345			(61,237	)		61,108
	Total expenses		151,959			122,345			(61,237	)		213,067
	Other income (expense)
	Interest and other income		2,208			—			(1,557	)		651
	Interest expense		(2,425	)		—			—			(2,425	)
	Net realized gain (loss) on investments		19,577			—			(20,714	)		(1,137	)
	Net change in unrealized appreciation on investments		3,050			—			5,235			8,285
	Interest and other income of Consolidated Funds		—			311,686			(196	)		311,490
	Interest expense of Consolidated Funds		—			(131,178	)		5,220			(125,958	)
	Net realized gain on investments of Consolidated Funds		—			57,956			—			57,956
	Net change in unrealized appreciation (depreciation) on investments of Consolidated Funds		—			105,225			(973	)		104,252
	Total other income		22,410			343,689			(12,985	)		353,114
	Income before taxes		83,154			221,344			(56,914	)		247,584
	Income tax expense		8,611			15,839			—			24,450
	Net income		74,543			205,505			(56,914	)		223,134
	Less: Net income attributable to non-controlling interests and redeemable non-controlling interests in Consolidated Funds		—			205,505			(56,914	)		148,591
	Less: Net income attributable to non-controlling interests in consolidated subsidiaries		12,601			—			—			12,601
	Net income attributable to controlling interests in AHI, AI and consolidated subsidiaries	$	61,942		$	—		$	—		$	61,942

ORGANIZATION_AND_BASIS_OF_PRES1

ORGANIZATION AND BASIS OF PRESENTATION (Details)	3 Months Ended
	Mar. 31, 2014
	item
Ares Holdings, Inc. and Ares Investments LLC	'
ORGANIZATION AND BASIS OF PRESENTATION	'
Number of affiliated entities results included in accompanying combined and consolidated financial statements	2
AM LLC	'
ORGANIZATION AND BASIS OF PRESENTATION	'
Number of investment groups operated	4
APMC | AHI	'
ORGANIZATION AND BASIS OF PRESENTATION	'
Controlling ownership interest (as a percent)	50.10%
APMC | AI	'
ORGANIZATION AND BASIS OF PRESENTATION	'
Controlling ownership interest (as a percent)	70.30%

SUMMARY_OF_SIGNIFICANT_ACCOUNT4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (Ares Holdings, Inc. and Ares Investments LLC)	3 Months Ended
	Mar. 31, 2014
	item
Minimum	'
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
Number of parties equity interests to be aggregated	2
Estimated useful lives	'1 year
Maximum	'
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
Estimated useful lives	'10 years

GOODWILL_AND_INTANGIBLE_ASSETS1

GOODWILL AND INTANGIBLE ASSETS (Details) (Ares Holdings, Inc. and Ares Investments LLC, USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014
GOODWILL AND INTANGIBLE ASSETS	'
Goodwill impairment	$0
Fair value of intangibles	0
Amortization expense of intangible assets	3
AREA	'
GOODWILL AND INTANGIBLE ASSETS	'
Number of acquired leases re-evaluated	1
Unfavorable lease liability	2.3
Amortization of unfavorable lease liability	$0.40

INVESTMENTS_Details

INVESTMENTS (Details) (AIH LLC, USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
INVESTMENTS	'	'
Investments, at fair value	$121,608	$89,438
Fair value as a percentage of total investments	100.00%	100.00%
Investments, at cost	97,273	69,830
Private Investment Partnership Interests	'	'
INVESTMENTS	'	'
Investments, at fair value	120,342	88,177
Fair value as a percentage of total investments	98.90%	98.60%
Investments, at cost	96,023	68,580
Private Investment Partnership Interests | Ares Credit Strategies Fund II, L.P	'	'
INVESTMENTS	'	'
Investments, at fair value	884	1,998
Fair value as a percentage of total investments	0.70%	2.20%
Private Investment Partnership Interests | Ares Credit Strategies Fund III, L.P	'	'
INVESTMENTS	'	'
Investments, at fair value	18	'
Fair value as a percentage of total investments	0.00%	'
Private Investment Partnership Interests | Ares Strategic Investment Partners, L.P	'	'
INVESTMENTS	'	'
Investments, at fair value	77	'
Fair value as a percentage of total investments	0.10%	'
Private Investment Partnership Interests | Ares Strategic Investment Partners III, L.P	'	'
INVESTMENTS	'	'
Investments, at fair value	2,757	2,714
Fair value as a percentage of total investments	2.30%	3.00%
Private Investment Partnership Interests | Ares Corporate Opportunities Fund, L.P	'	'
INVESTMENTS	'	'
Investments, at fair value	1,116	1,009
Fair value as a percentage of total investments	0.90%	1.10%
Private Investment Partnership Interests | Ares Special Situations Fund III, L.P	'	'
INVESTMENTS	'	'
Investments, at fair value	26,235	24,253
Fair value as a percentage of total investments	21.60%	27.20%
Private Investment Partnership Interests | Ares SSF Riopelle, L.P	'	'
INVESTMENTS	'	'
Investments, at fair value	2,223	'
Fair value as a percentage of total investments	1.80%	'
Private Investment Partnership Interests | Ares Enhanced Loan Investment Strategy IX, L.P	'	'
INVESTMENTS	'	'
Investments, at fair value	517	512
Fair value as a percentage of total investments	0.40%	0.60%
Private Investment Partnership Interests | Ares Europe CSF Fund (C) LP	'	'
INVESTMENTS	'	'
Investments, at fair value	581	301
Fair value as a percentage of total investments	0.50%	0.30%
Private Investment Partnership Interests | Ares Multi Strategy Credit Fund V (H), L.P	'	'
INVESTMENTS	'	'
Investments, at fair value	1,054	1,022
Fair value as a percentage of total investments	0.90%	1.10%
Private Investment Partnership Interests | AREA European Property Enhancement Program L.P	'	'
INVESTMENTS	'	'
Investments, at fair value	1,344	1,735
Fair value as a percentage of total investments	1.10%	1.90%
Private Investment Partnership Interests | AREA Sponsor Holdings LLC	'	'
INVESTMENTS	'	'
Investments, at fair value	32,294	31,560
Fair value as a percentage of total investments	26.60%	35.40%
Private Investment Partnership Interests | Resolution Life L.P	'	'
INVESTMENTS	'	'
Investments, at fair value	39,955	21,846
Fair value as a percentage of total investments	32.80%	24.40%
Private Investment Partnership Interests | Ares Strategic Real Estate Program - HHC, LLC	'	'
INVESTMENTS	'	'
Investments, at fair value	1,256	1,227
Fair value as a percentage of total investments	1.00%	1.40%
Private Investment Partnership Interests | Ares Capital Europe II (D), L.P	'	'
INVESTMENTS	'	'
Investments, at fair value	10,010	'
Fair value as a percentage of total investments	8.20%	'
Private Investment Partnership Interests | Ares Capital Europe II (E), L.P	'	'
INVESTMENTS	'	'
Investments, at fair value	21	'
Fair value as a percentage of total investments	0.00%	'
Common Stock	'	'
INVESTMENTS	'	'
Investments, at fair value	92	89
Fair value as a percentage of total investments	0.10%	0.10%
Investments, at cost	100	100
Common Stock | Ares Multi Strategy Credit Fund, Inc.	'	'
INVESTMENTS	'	'
Investments, at fair value	92	89
Fair value as a percentage of total investments	0.10%	0.10%
Corporate Bonds	'	'
INVESTMENTS	'	'
Investments, at fair value	1,174	1,172
Fair value as a percentage of total investments	1.00%	1.30%
Investments, at cost	1,150	1,150
Corporate Bonds | Ares Commercial Real Estate Corporation Convertible Senior Notes	'	'
INVESTMENTS	'	'
Investments, at fair value	$1,174	$1,172
Fair value as a percentage of total investments	1.00%	1.30%

INVESTMENTS_Details_2

INVESTMENTS (Details 2) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Ares Holdings, Inc. and Ares Investments LLC | Maximum	'	'
INVESTMENTS	'	'
Fair value as a percentage of total investments	5.00%	5.00%
Consolidated Funds	'	'
INVESTMENTS	'	'
Investments, at fair value	19,485,067	20,823,338
Fair value as a percentage of total investments	100.00%	100.00%
Securities sold short, at fair value	'	-1,633
Consolidated Funds | Fixed income asset	'	'
INVESTMENTS	'	'
Investments, at fair value	15,952,516	17,146,204
Fair value as a percentage of total investments	81.70%	82.30%
Consolidated Funds | Equity securities	'	'
INVESTMENTS	'	'
Investments, at fair value	3,532,551	3,677,134
Fair value as a percentage of total investments	18.30%	17.70%
Consolidated Funds | United States | Fixed income asset	'	'
INVESTMENTS	'	'
Investments, at fair value	10,568,599	11,163,232
Fair value as a percentage of total investments	54.30%	53.60%
Investments, at cost	10,511,946	11,071,982
Consolidated Funds | United States | Fixed income asset | Consumer discretionary	'	'
INVESTMENTS	'	'
Investments, at fair value	4,036,222	4,146,611
Fair value as a percentage of total investments	20.80%	20.00%
Consolidated Funds | United States | Fixed income asset | Consumer staples	'	'
INVESTMENTS	'	'
Investments, at fair value	179,326	338,735
Fair value as a percentage of total investments	0.90%	1.60%
Consolidated Funds | United States | Fixed income asset | Energy	'	'
INVESTMENTS	'	'
Investments, at fair value	507,527	535,857
Fair value as a percentage of total investments	2.60%	2.60%
Consolidated Funds | United States | Fixed income asset | Financials	'	'
INVESTMENTS	'	'
Investments, at fair value	579,374	544,879
Fair value as a percentage of total investments	3.00%	2.60%
Consolidated Funds | United States | Fixed income asset | Healthcare, education and childcare	'	'
INVESTMENTS	'	'
Investments, at fair value	1,072,158	1,176,418
Fair value as a percentage of total investments	5.50%	5.60%
Consolidated Funds | United States | Fixed income asset | Industrials	'	'
INVESTMENTS	'	'
Investments, at fair value	2,009,958	2,038,390
Fair value as a percentage of total investments	10.40%	9.80%
Consolidated Funds | United States | Fixed income asset | Information technology	'	'
INVESTMENTS	'	'
Investments, at fair value	490,988	542,377
Fair value as a percentage of total investments	2.50%	2.60%
Consolidated Funds | United States | Fixed income asset | Materials	'	'
INVESTMENTS	'	'
Investments, at fair value	338,512	463,864
Fair value as a percentage of total investments	1.70%	2.20%
Consolidated Funds | United States | Fixed income asset | Telecommunication services	'	'
INVESTMENTS	'	'
Investments, at fair value	1,119,397	1,153,691
Fair value as a percentage of total investments	5.70%	5.50%
Consolidated Funds | United States | Fixed income asset | Utilities	'	'
INVESTMENTS	'	'
Investments, at fair value	235,137	222,410
Fair value as a percentage of total investments	1.20%	1.10%
Consolidated Funds | United States | Equity securities	'	'
INVESTMENTS	'	'
Investments, at fair value	3,304,338	3,390,011
Fair value as a percentage of total investments	17.00%	16.40%
Investments, at cost	2,548,496	2,733,448
Consolidated Funds | United States | Equity securities | Consumer discretionary	'	'
INVESTMENTS	'	'
Investments, at fair value	2,327,631	2,464,520
Fair value as a percentage of total investments	12.00%	11.90%
Consolidated Funds | United States | Equity securities | Consumer staples	'	'
INVESTMENTS	'	'
Investments, at fair value	252,157	201,059
Fair value as a percentage of total investments	1.30%	1.00%
Consolidated Funds | United States | Equity securities | Energy	'	'
INVESTMENTS	'	'
Investments, at fair value	191,165	193,946
Fair value as a percentage of total investments	1.00%	1.00%
Consolidated Funds | United States | Equity securities | Financials	'	'
INVESTMENTS	'	'
Investments, at fair value	7,069	6,172
Fair value as a percentage of total investments	0.00%	0.00%
Consolidated Funds | United States | Equity securities | Healthcare, education and childcare	'	'
INVESTMENTS	'	'
Investments, at fair value	316,317	296,817
Fair value as a percentage of total investments	1.60%	1.50%
Consolidated Funds | United States | Equity securities | Industrials	'	'
INVESTMENTS	'	'
Investments, at fair value	133,071	134,544
Fair value as a percentage of total investments	0.70%	0.60%
Consolidated Funds | United States | Equity securities | Materials	'	'
INVESTMENTS	'	'
Investments, at fair value	1	31
Fair value as a percentage of total investments	0.00%	0.00%
Consolidated Funds | United States | Equity securities | Partnership and LLC interests	'	'
INVESTMENTS	'	'
Investments, at fair value	43,993	41,001
Fair value as a percentage of total investments	0.20%	0.20%
Consolidated Funds | United States | Equity securities | Telecommunication services	'	'
INVESTMENTS	'	'
Investments, at fair value	32,934	51,921
Fair value as a percentage of total investments	0.20%	0.20%
Consolidated Funds | Europe | Fixed income asset	'	'
INVESTMENTS	'	'
Investments, at fair value	4,098,572	4,708,678
Fair value as a percentage of total investments	21.10%	22.50%
Investments, at cost	4,023,703	4,747,808
Consolidated Funds | Europe | Fixed income asset | Consumer discretionary	'	'
INVESTMENTS	'	'
Investments, at fair value	1,381,696	1,858,364
Fair value as a percentage of total investments	7.20%	8.90%
Consolidated Funds | Europe | Fixed income asset | Consumer staples	'	'
INVESTMENTS	'	'
Investments, at fair value	189,839	175,440
Fair value as a percentage of total investments	1.00%	0.80%
Consolidated Funds | Europe | Fixed income asset | Energy	'	'
INVESTMENTS	'	'
Investments, at fair value	17,293	4,906
Fair value as a percentage of total investments	0.10%	0.00%
Consolidated Funds | Europe | Fixed income asset | Financials	'	'
INVESTMENTS	'	'
Investments, at fair value	434,952	322,355
Fair value as a percentage of total investments	2.20%	1.50%
Consolidated Funds | Europe | Fixed income asset | Healthcare, education and childcare	'	'
INVESTMENTS	'	'
Investments, at fair value	341,277	410,726
Fair value as a percentage of total investments	1.80%	2.00%
Consolidated Funds | Europe | Fixed income asset | Industrials	'	'
INVESTMENTS	'	'
Investments, at fair value	442,971	485,243
Fair value as a percentage of total investments	2.30%	2.30%
Consolidated Funds | Europe | Fixed income asset | Information technology	'	'
INVESTMENTS	'	'
Investments, at fair value	106,368	140,976
Fair value as a percentage of total investments	0.50%	0.70%
Consolidated Funds | Europe | Fixed income asset | Materials	'	'
INVESTMENTS	'	'
Investments, at fair value	295,924	328,867
Fair value as a percentage of total investments	1.50%	1.60%
Consolidated Funds | Europe | Fixed income asset | Telecommunication services	'	'
INVESTMENTS	'	'
Investments, at fair value	881,047	944,800
Fair value as a percentage of total investments	4.50%	4.50%
Consolidated Funds | Europe | Fixed income asset | Utilities	'	'
INVESTMENTS	'	'
Investments, at fair value	7,205	37,001
Fair value as a percentage of total investments	0.00%	0.20%
Consolidated Funds | Europe | Equity securities	'	'
INVESTMENTS	'	'
Investments, at fair value	40,818	50,853
Fair value as a percentage of total investments	0.20%	0.20%
Investments, at cost	79,206	83,277
Consolidated Funds | Europe | Equity securities | Consumer discretionary	'	'
INVESTMENTS	'	'
Investments, at fair value	9,924	10,686
Fair value as a percentage of total investments	0.10%	0.10%
Consolidated Funds | Europe | Equity securities | Consumer staples	'	'
INVESTMENTS	'	'
Investments, at fair value	762	668
Fair value as a percentage of total investments	0.00%	0.00%
Consolidated Funds | Europe | Equity securities | Healthcare, education and childcare	'	'
INVESTMENTS	'	'
Investments, at fair value	28,075	28,607
Fair value as a percentage of total investments	0.10%	0.10%
Consolidated Funds | Europe | Equity securities | Industrials	'	'
INVESTMENTS	'	'
Investments, at fair value	86	8,595
Fair value as a percentage of total investments	0.00%	0.00%
Consolidated Funds | Europe | Equity securities | Materials	'	'
INVESTMENTS	'	'
Investments, at fair value	34	773
Fair value as a percentage of total investments	0.00%	0.00%
Consolidated Funds | Europe | Equity securities | Telecommunication services	'	'
INVESTMENTS	'	'
Investments, at fair value	1,937	1,524
Fair value as a percentage of total investments	0.00%	0.00%
Consolidated Funds | Asia and other | Fixed income asset	'	'
INVESTMENTS	'	'
Investments, at fair value	632,335	634,432
Fair value as a percentage of total investments	3.20%	3.10%
Investments, at cost	570,815	593,188
Consolidated Funds | Asia and other | Fixed income asset | Consumer discretionary	'	'
INVESTMENTS	'	'
Investments, at fair value	41,216	43,538
Fair value as a percentage of total investments	0.20%	0.20%
Consolidated Funds | Asia and other | Fixed income asset | Financials	'	'
INVESTMENTS	'	'
Investments, at fair value	457,245	456,463
Fair value as a percentage of total investments	2.30%	2.20%
Consolidated Funds | Asia and other | Fixed income asset | Healthcare, education and childcare	'	'
INVESTMENTS	'	'
Investments, at fair value	14,543	14,556
Fair value as a percentage of total investments	0.10%	0.10%
Consolidated Funds | Asia and other | Fixed income asset | Information technology	'	'
INVESTMENTS	'	'
Investments, at fair value	22,247	22,012
Fair value as a percentage of total investments	0.10%	0.10%
Consolidated Funds | Asia and other | Fixed income asset | Materials	'	'
INVESTMENTS	'	'
Investments, at fair value	16,212	15,885
Fair value as a percentage of total investments	0.10%	0.10%
Consolidated Funds | Asia and other | Fixed income asset | Telecommunication services	'	'
INVESTMENTS	'	'
Investments, at fair value	80,872	81,978
Fair value as a percentage of total investments	0.40%	0.40%
Consolidated Funds | Asia and other | Equity securities	'	'
INVESTMENTS	'	'
Investments, at fair value	136,459	158,736
Fair value as a percentage of total investments	0.80%	0.80%
Investments, at cost	118,859	135,631
Consolidated Funds | Asia and other | Equity securities | Consumer staples	'	'
INVESTMENTS	'	'
Investments, at fair value	30,874	77,572
Fair value as a percentage of total investments	0.20%	0.40%
Consolidated Funds | Asia and other | Equity securities | Healthcare, education and childcare	'	'
INVESTMENTS	'	'
Investments, at fair value	33,610	23,493
Fair value as a percentage of total investments	0.20%	0.10%
Consolidated Funds | Asia and other | Equity securities | Materials	'	'
INVESTMENTS	'	'
Investments, at fair value	52,947	52,947
Fair value as a percentage of total investments	0.30%	0.30%
Consolidated Funds | Asia and other | Equity securities | Partnership and LLC interests	'	'
INVESTMENTS	'	'
Investments, at fair value	8,825	'
Fair value as a percentage of total investments	0.00%	0.30%
Consolidated Funds | Asia and other | Equity securities | Utilities	'	'
INVESTMENTS	'	'
Investments, at fair value	10,203	4,724
Fair value as a percentage of total investments	0.10%	0.00%
Consolidated Funds | Canada | Fixed income asset	'	'
INVESTMENTS	'	'
Investments, at fair value	444,257	471,770
Fair value as a percentage of total investments	2.30%	2.30%
Investments, at cost	448,124	480,231
Consolidated Funds | Canada | Fixed income asset | Consumer discretionary	'	'
INVESTMENTS	'	'
Investments, at fair value	113,336	121,132
Fair value as a percentage of total investments	0.60%	0.60%
Consolidated Funds | Canada | Fixed income asset | Energy	'	'
INVESTMENTS	'	'
Investments, at fair value	92,273	87,469
Fair value as a percentage of total investments	0.50%	0.40%
Consolidated Funds | Canada | Fixed income asset | Healthcare, education and childcare	'	'
INVESTMENTS	'	'
Investments, at fair value	78,570	104,464
Fair value as a percentage of total investments	0.40%	0.50%
Consolidated Funds | Canada | Fixed income asset | Industrials	'	'
INVESTMENTS	'	'
Investments, at fair value	16,308	16,331
Fair value as a percentage of total investments	0.10%	0.10%
Consolidated Funds | Canada | Fixed income asset | Telecommunication services	'	'
INVESTMENTS	'	'
Investments, at fair value	143,770	142,374
Fair value as a percentage of total investments	0.70%	0.70%
Consolidated Funds | Canada | Equity securities	'	'
INVESTMENTS	'	'
Investments, at fair value	35,026	52,079
Fair value as a percentage of total investments	0.20%	0.20%
Investments, at cost	75,256	75,256
Consolidated Funds | Canada | Equity securities | Consumer discretionary	'	'
INVESTMENTS	'	'
Investments, at fair value	901	892
Fair value as a percentage of total investments	0.00%	0.00%
Consolidated Funds | Canada | Equity securities | Energy	'	'
INVESTMENTS	'	'
Investments, at fair value	34,125	51,187
Fair value as a percentage of total investments	0.20%	0.20%
Consolidated Funds | Australia | Fixed income asset	'	'
INVESTMENTS	'	'
Investments, at fair value	208,753	168,092
Fair value as a percentage of total investments	0.80%	0.80%
Investments, at cost	208,979	169,831
Consolidated Funds | Australia | Fixed income asset | Consumer discretionary	'	'
INVESTMENTS	'	'
Investments, at fair value	'	203
Fair value as a percentage of total investments	'	0.00%
Consolidated Funds | Australia | Fixed income asset | Energy	'	'
INVESTMENTS	'	'
Investments, at fair value	43,433	'
Fair value as a percentage of total investments	0.00%	'
Consolidated Funds | Australia | Fixed income asset | Industrials	'	'
INVESTMENTS	'	'
Investments, at fair value	97,605	99,376
Fair value as a percentage of total investments	0.50%	0.50%
Consolidated Funds | Australia | Fixed income asset | Utilities	'	'
INVESTMENTS	'	'
Investments, at fair value	67,715	68,513
Fair value as a percentage of total investments	0.30%	0.30%
Consolidated Funds | Australia | Equity securities	'	'
INVESTMENTS	'	'
Investments, at fair value	15,910	25,455
Fair value as a percentage of total investments	0.10%	0.10%
Investments, at cost	22,545	30,140
Consolidated Funds | Australia | Equity securities | Telecommunication services	'	'
INVESTMENTS	'	'
Investments, at fair value	10,860	16,102
Fair value as a percentage of total investments	0.10%	0.10%
Consolidated Funds | Australia | Equity securities | Utilities	'	'
INVESTMENTS	'	'
Investments, at fair value	5,050	9,353
Fair value as a percentage of total investments	0.00%	0.00%

FAIR_VALUE_Details

FAIR VALUE (Details) (USD $)

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2014

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

In Thousands, unless otherwise specified

Ares Holdings, Inc. and Ares Investments LLC

Ares Holdings, Inc. and Ares Investments LLC

Ares Holdings, Inc. and Ares Investments LLC

Ares Holdings, Inc. and Ares Investments LLC

Ares Holdings, Inc. and Ares Investments LLC

Ares Holdings, Inc. and Ares Investments LLC

Ares Holdings, Inc. and Ares Investments LLC

Ares Holdings, Inc. and Ares Investments LLC

Ares Holdings, Inc. and Ares Investments LLC

Ares Holdings, Inc. and Ares Investments LLC

Ares Holdings, Inc. and Ares Investments LLC

Ares Holdings, Inc. and Ares Investments LLC

Ares Holdings, Inc. and Ares Investments LLC

Ares Holdings, Inc. and Ares Investments LLC

Ares Holdings, Inc. and Ares Investments LLC

Ares Holdings, Inc. and Ares Investments LLC

Ares Holdings, Inc. and Ares Investments LLC

Ares Holdings, Inc. and Ares Investments LLC

Ares Holdings, Inc. and Ares Investments LLC

Ares Holdings, Inc. and Ares Investments LLC

Ares Holdings, Inc. and Ares Investments LLC

Ares Holdings, Inc. and Ares Investments LLC

Ares Holdings, Inc. and Ares Investments LLC

Ares Holdings, Inc. and Ares Investments LLC

Ares Holdings, Inc. and Ares Investments LLC

Ares Holdings, Inc. and Ares Investments LLC

Ares Holdings, Inc. and Ares Investments LLC

Ares Holdings, Inc. and Ares Investments LLC

Ares Holdings, Inc. and Ares Investments LLC

Ares Holdings, Inc. and Ares Investments LLC

Ares Holdings, Inc. and Ares Investments LLC

Ares Holdings, Inc. and Ares Investments LLC

Ares Holdings, Inc. and Ares Investments LLC

Ares Holdings, Inc. and Ares Investments LLC

Ares Holdings, Inc. and Ares Investments LLC

Ares Holdings, Inc. and Ares Investments LLC

Ares Holdings, Inc. and Ares Investments LLC

Ares Holdings, Inc. and Ares Investments LLC

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Minimum

Maximum

Level I

Level I

Level I

Level I

Level II

Level II

Level II

Level II

Level II

Level II

Level II

Level II

Level II

Level II

Level III

Level III

Level III

Level III

Level III

Level III

Total

Total

Total

Total

Total

Total

Total

Total

Total

Total

Total

Total

Total

Total

Interest rate contracts

Interest rate contracts

Credit contracts

Credit contracts

Equity contracts

Equity contracts

Foreign exchange contracts

Foreign exchange contracts

Other financial instruments

Other financial instruments

Collateralized loan obligations

Collateralized loan obligations

Level I

Level I

Level I

Level I

Level II

Level II

Level II

Level II

Level II

Level II

Level II

Level II

Level II

Level II

Level II

Level II

Level II

Level II

Level II

Level II

Level II

Level II

Level II

Level II

Level II

Level II

Level II

Level II

Level II

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Level III

Total

Total

Total

Total

Total

Total

Total

Total

Total

Total

Total

Total

Total

Total

Total

Total

Total

Total

Total

Total

Total

Total

Total

Total

Total

Total

Total

Total

Total

Total

Total

Equity securities

Equity securities

Forward foreign currency contracts

Forward foreign currency contracts

Purchased option contracts

Purchased option contracts

Interest rate contracts

Interest rate contracts

Bonds

Bonds

Minimum

Maximum

Partnership interests

Partnership interests

Forward foreign currency contracts

Forward foreign currency contracts

Purchased option contracts

Purchased option contracts

Interest rate contracts

Interest rate contracts

Equity securities

Equity securities

Bonds

Bonds

Partnership interests

Partnership interests

Ares Enhanced Loan Investment Strategy II, Ltd

Ares Enhanced Loan Investment Strategy II, Ltd

Equity securities

Equity securities

Forward foreign currency contracts

Forward foreign currency contracts

Written options

Interest rate contracts

Interest rate contracts

Credit contracts

Credit contracts

Equity contracts

Equity contracts

Foreign exchange contracts

Foreign exchange contracts

Interest rate swaps

Interest rate swaps

Other financial instruments

Equity securities

Equity securities

Bonds

Bonds

Loans

Loans

Collateralized loan obligations

Other

Other

Forward foreign currency contracts

Written options

Credit contracts

Credit contracts

Interest rate swaps

Other financial instruments

Loan obligations of CLOS

Loan obligations of CLOS

Equity securities

Equity securities

Bonds

Bonds

Partnership interests

Partnership interests

Loans

Loans

Collateralized loan obligations

Collateralized loan obligations

Other

Other

Forward foreign currency contracts

Forward foreign currency contracts

Written options

Written options

Interest rate contracts

Interest rate contracts

Credit contracts

Credit contracts

Equity contracts

Equity contracts

Foreign exchange contracts

Foreign exchange contracts

Interest rate swaps

Interest rate swaps

Other financial instruments

Loan obligations of CLOS

Loan obligations of CLOS

Equity securities

Equity securities

Bonds

Bonds

Partnership interests

Partnership interests

Loans

Loans

Collateralized loan obligations

Collateralized loan obligations

Other

Other

quote

quote

FAIR VALUE

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Number of broker quotes to be obtained directly from dealer if pricing services are unable to provide prices to measure fair value of assets or liabilities

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Period within which investors of open ended and evergreen funds can withdraw their capital

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'1 month

'3 years

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Number of broker non-binding quotes to measure fair value of assets or liabilities

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1

2

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Number of quote obtained directly from a broker making a market for the asset

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1

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Number of price obtained directly from a pricing vendor for each security or similar securities

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1

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Investments, at fair value

'

'

'

'

$92

$89

$92

$89

$1,174

$1,172

'

'

'

'

'

'

$1,174

$1,172

$120,342

$88,177

'

'

$120,342

'

$121,608

$89,438

'

'

'

'

'

'

$92

$89

$1,174

$1,172

$120,342

$88,177

$19,485,067

$20,823,338

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'

'

'

'

'

'

'

'

'

'

'

$112,075

$166,535

$112,075

$166,535

$13,472,321

$14,028,045

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$538,158

$482,568

$1,466,070

$1,576,942

$11,448,952

$11,868,584

$65,405

$19,141

$34,546

$5,900,671

$6,628,758

'

'

'

'

'

'

'

'

$2,825,221

$2,958,232

$1,477,844

$2,052,984

$43,993

$41,001

$983,174

$1,058,635

$567,846

$515,534

$2,593

$2,372

$19,485,067

$20,823,338

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$3,475,454

$3,607,335

$2,943,914

$3,629,926

$43,993

$41,001

$12,432,126

$12,927,219

$567,846

$580,939

$21,734

$36,918

Derivative assets, at fair value

1,132

1,164

'

'

'

'

'

'

1,132

1,164

367

247

765

917

'

'

'

'

'

'

'

'

'

'

1,132

1,164

367

247

765

917

'

'

'

'

'

'

'

'

8,961

14,625

0

8

6,271

4,489

245

179

115

8,653

2,330

1,296

'

'

'

'

'

'

6,631

11,490

'

'

'

0

8

6,272

2,651

244

179

115

8,652

'

'

'

'

'

'

'

'

'

'

'

'

2,330

3,135

'

'

2,330

'

'

3,135

'

'

'

'

'

'

'

'

'

'

'

'

'

'

8,961

14,625

'

'

'

'

0

8

8,602

2,651

244

179

115

8,652

'

'

3,135

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Assets, at fair value

'

'

'

'

92

89

'

'

2,306

2,336

'

'

'

'

'

'

'

'

120,342

88,177

'

'

'

88,177

122,740

90,602

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

112,075

166,535

'

'

13,478,952

14,039,535

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5,903,001

6,631,893

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

19,494,028

20,837,963

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Derivative liabilities, at fair value

-2,942

-2,907

'

'

'

'

'

'

-2,942

-2,907

-1,745

-1,653

'

'

-1,197

-1,254

'

'

'

'

'

'

'

'

-2,942

-2,907

-1,745

-1,653

'

'

-1,197

-1,254

'

'

'

'

'

'

-53,643

-75,115

-2,545

-3,878

-39,178

-28,385

'

'

-3,751

-38,631

-8,169

-4,221

'

'

'

'

'

'

-44,266

-68,260

-2,544

-38,594

-34

'

'

-39,177

-25,754

'

'

'

'

-2,545

-3,703

-175

'

'

'

'

'

'

'

'

'

-9,377

-6,855

-899

-78

-9,299

-1,633

-371

-3,952

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-53,643

-75,115

-2,544

-39,493

-78

-34

'

'

-48,476

-27,387

'

'

'

'

-2,545

-4,074

-4,127

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Loan obligations of debt

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-11,066,253

-11,534,956

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-11,066,253

-11,534,956

'

'

'

'

'

'

'

'

'

'

'

'

Securities sold short, at fair value

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-1,633

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-1,633

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

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'

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'

'

'

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'

'

'

'

'

'

'

'

'

'

'

-1,633

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Liabilities, at fair value

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-44,266

-69,893

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-11,075,630

-11,541,811

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-11,119,896

-11,611,704

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt carried at cost

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$209,604

$239,201

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

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'

'

FAIR_VALUE_Details_2

FAIR VALUE (Details 2) (USD $)	3 Months Ended		12 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Ares Holdings, Inc. and Ares Investments LLC	'	'	'
Changes in the fair value of the Level III investments	'	'	'
Transfers from Level I to Level II	$15,400,000	'	'
AIH LLC	'	'	'
Changes in the fair value of the Level III investments	'	'	'
Balance, beginning of period	88,177,000	22,865,000	22,865,000
Initial consolidation of new funds	9,951,000	'	'
Transfer out	'	-1,170,000	-1,170,000
Purchases	21,504,000	503,000	51,329,000
Sales	-23,124,000	-86,000	-2,447,000
Realized and unrealized appreciation, net	23,834,000	1,207,000	17,600,000
Balance, end of period	120,342,000	23,319,000	88,177,000
Changes in unrealized appreciation included in earnings related to financial assets still held at the reporting date	4,286,000	1,179,000	16,816,000
AIH LLC | Fixed Income	'	'	'
Changes in the fair value of the Level III investments	'	'	'
Balance, beginning of period	'	1,170,000	1,170,000
Transfer out	'	-1,170,000	-1,170,000
AIH LLC | Partnership interests	'	'	'
Changes in the fair value of the Level III investments	'	'	'
Balance, beginning of period	88,177,000	21,695,000	21,695,000
Initial consolidation of new funds	9,951,000	'	'
Purchases	21,504,000	503,000	51,329,000
Sales	-23,124,000	-86,000	-2,447,000
Realized and unrealized appreciation, net	23,834,000	1,207,000	17,600,000
Balance, end of period	120,342,000	23,319,000	88,177,000
Changes in unrealized appreciation included in earnings related to financial assets still held at the reporting date	4,286,000	1,179,000	16,816,000
Consolidated Funds	'	'	'
Changes in the fair value of the Level III investments	'	'	'
Balance, beginning of period	6,625,038,000	5,909,968,000	5,909,968,000
Initial consolidation of new funds	8,152,000	28,471,000	29,570,000
Deconsolidation of previous funds	-378,397,000	'	'
Transfer in	222,382,000	362,946,000	311,721,000
Transfer out	-364,608,000	-327,346,000	-302,336,000
Purchases	229,132,000	328,848,000	1,904,943,000
Sales	-448,020,000	-300,513,000	-1,773,228,000
Accrued discounts/premiums	10,864,000	10,351,000	27,237,000
Realized and unrealized appreciation, net	-10,919,000	51,063,000	517,163,000
Balance, end of period	5,893,624,000	6,063,788,000	6,625,038,000
Changes in unrealized appreciation included in earnings related to financial assets still held at the reporting date	98,865,000	-30,140,000	388,031,000
Consolidated Funds | Equity securities	'	'	'
Changes in the fair value of the Level III investments	'	'	'
Balance, beginning of period	2,958,232,000	1,978,138,000	1,978,138,000
Initial consolidation of new funds	8,152,000	'	'
Transfer in	'	135,000	74,438,000
Transfer out	'	-8,725,000	-52,573,000
Purchases	11,337,000	21,794,000	555,589,000
Sales	-167,142,000	-7,382,000	-43,695,000
Accrued discounts/premiums	15,000	'	'
Realized and unrealized appreciation, net	14,627,000	119,481,000	446,335,000
Balance, end of period	2,825,221,000	2,103,441,000	2,958,232,000
Changes in unrealized appreciation included in earnings related to financial assets still held at the reporting date	118,757,000	-1,441,000	417,659,000
Consolidated Funds | Fixed Income	'	'	'
Changes in the fair value of the Level III investments	'	'	'
Balance, beginning of period	3,627,153,000	3,920,451,000	3,920,451,000
Initial consolidation of new funds	'	28,471,000	29,570,000
Deconsolidation of previous funds	-378,397,000	'	'
Transfer in	222,382,000	362,811,000	237,312,000
Transfer out	-364,608,000	-316,201,000	-249,763,000
Purchases	215,514,000	310,985,000	1,313,850,000
Sales	-274,491,000	-285,685,000	-1,704,939,000
Accrued discounts/premiums	10,849,000	10,342,000	27,149,000
Realized and unrealized appreciation, net	-29,540,000	-86,157,000	53,523,000
Balance, end of period	3,028,862,000	3,945,017,000	3,627,153,000
Changes in unrealized appreciation included in earnings related to financial assets still held at the reporting date	-21,711,000	-35,663,000	-26,038,000
Consolidated Funds | Partnership interests	'	'	'
Changes in the fair value of the Level III investments	'	'	'
Balance, beginning of period	41,001,000	6,177,000	6,177,000
Purchases	2,276,000	43,000	34,369,000
Sales	'	'	-851,000
Realized and unrealized appreciation, net	717,000	-41,000	1,306,000
Balance, end of period	43,994,000	6,179,000	41,001,000
Changes in unrealized appreciation included in earnings related to financial assets still held at the reporting date	717,000	1,307,000	1,306,000
Consolidated Funds | Other Financial Instruments	'	'	'
Changes in the fair value of the Level III investments	'	'	'
Balance, beginning of period	-1,348,000	5,202,000	5,202,000
Transfer in	'	'	-29,000
Transfer out	'	-2,420,000	'
Purchases	5,000	-3,974,000	1,135,000
Sales	-6,387,000	-7,446,000	-23,743,000
Accrued discounts/premiums	0	9,000	88,000
Realized and unrealized appreciation, net	3,277,000	17,780,000	15,999,000
Balance, end of period	-4,453,000	9,151,000	-1,348,000
Changes in unrealized appreciation included in earnings related to financial assets still held at the reporting date	$1,102,000	$5,657,000	($4,896,000)

FAIR_VALUE_Details_3

FAIR VALUE (Details 3) (Ares Holdings, Inc. and Ares Investments LLC, CLOs, USD $)	3 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Ares Holdings, Inc. and Ares Investments LLC | CLOs	'	'
Changes in the fair value of the Level III investments for loan obligations	'	'
Balance, beginning of period	$11,534,956	$9,422,570
Equity appropriated for Consolidated Funds	'	3,309,986
Borrowings	23,528	79,859
Paydowns	-475,467	-1,511,971
Realized and unrealized gains, net	-16,764	234,512
Balance, end of period	$11,066,253	$11,534,956

FAIR_VALUE_Details_4

FAIR VALUE (Details 4) (Level III, USD $)	3 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
ARES INVESTMENTS HOLDINGS LLC	'	'
FAIR VALUE	'	'
Assets, at fair value	120,342	88,177
ARES INVESTMENTS HOLDINGS LLC | Partnership interests	'	'
FAIR VALUE	'	'
Assets, at fair value	120,342	88,177
Consolidated Funds	'	'
FAIR VALUE	'	'
Assets, at fair value	5,903,001	6,631,893
Liabilities, at fair value	11,075,630	11,541,811
Consolidated Funds | Recent transaction price	'	'
Unobservable Input	'	'
Period within which securities are purchased or restructured	'6 months	'6 months
Consolidated Funds | Fixed income liability | Broker quotes and/or 3rd party pricing services	'	'
FAIR VALUE	'	'
Liabilities, at fair value	10,860,388	10,931,836
Consolidated Funds | Fixed income liability | Discounted cash flow	'	'
FAIR VALUE	'	'
Liabilities, at fair value	42,228	41,920
Unobservable Input	'	'
Discount rate (as a percent)	10.70%	10.70%
Consolidated Funds | Fixed income liability | Discounted cash flow | Weighted Average	'	'
Unobservable Input	'	'
Discount rate (as a percent)	10.70%	10.70%
Consolidated Funds | Fixed income liability | Market approach (other)	'	'
FAIR VALUE	'	'
Liabilities, at fair value	163,637	561,200
Consolidated Funds | Derivatives liabilities of Consolidated Funds | Broker quotes and/or 3rd party pricing services	'	'
FAIR VALUE	'	'
Liabilities, at fair value	9,377	6,855
Consolidated Funds | Equity securities | Consumer discretionary | Broker quotes and/or 3rd party pricing services	'	'
FAIR VALUE	'	'
Assets, at fair value	11,168	13,044
Consolidated Funds | Equity securities | Consumer discretionary | EV market multiple analysis	'	'
FAIR VALUE	'	'
Assets, at fair value	5,491	6,146
Consolidated Funds | Equity securities | Consumer discretionary | EV market multiple analysis | Minimum	'	'
Unobservable Input	'	'
EBITDA multiple	6.6	6.2
Consolidated Funds | Equity securities | Consumer discretionary | EV market multiple analysis | Maximum	'	'
Unobservable Input	'	'
EBITDA multiple	9	18
Consolidated Funds | Equity securities | Consumer discretionary | EV market multiple analysis | Weighted Average	'	'
Unobservable Input	'	'
EBITDA multiple	8.4	9.3
Consolidated Funds | Equity securities | Consumer discretionary | Discounted cash flow	'	'
FAIR VALUE	'	'
Assets, at fair value	1,035	'
Unobservable Input	'	'
Yield to worst (as a percent)	5.00%	'
Consolidated Funds | Equity securities | Consumer discretionary | Discounted cash flow | Weighted Average	'	'
Unobservable Input	'	'
Yield to worst (as a percent)	5.00%	'
Consolidated Funds | Equity securities | Consumer discretionary | Market approach (comparable companies), Book value multiple	'	'
FAIR VALUE	'	'
Assets, at fair value	231,434	246,227
Consolidated Funds | Equity securities | Consumer discretionary | Market approach (comparable companies), Book value multiple | Minimum	'	'
Unobservable Input	'	'
Book value multiple	2	1.5
Consolidated Funds | Equity securities | Consumer discretionary | Market approach (comparable companies), Book value multiple | Maximum	'	'
Unobservable Input	'	'
Book value multiple	2.3	1.8
Consolidated Funds | Equity securities | Consumer discretionary | Market approach (comparable companies), Book value multiple | Weighted Average	'	'
Unobservable Input	'	'
Book value multiple	2.1	1.6
Consolidated Funds | Equity securities | Consumer discretionary | Market approach (comparable companies), EBITDA multiple	'	'
FAIR VALUE	'	'
Assets, at fair value	1,228,877	1,162,641
Consolidated Funds | Equity securities | Consumer discretionary | Market approach (comparable companies), EBITDA multiple | Minimum	'	'
Unobservable Input	'	'
EBITDA multiple	7.5	7.5
Consolidated Funds | Equity securities | Consumer discretionary | Market approach (comparable companies), EBITDA multiple | Maximum	'	'
Unobservable Input	'	'
EBITDA multiple	15	15
Consolidated Funds | Equity securities | Consumer discretionary | Market approach (comparable companies), EBITDA multiple | Weighted Average	'	'
Unobservable Input	'	'
EBITDA multiple	10.6	10.6
Consolidated Funds | Equity securities | Consumer discretionary | Market approach (comparable companies),Net income multiple	'	'
FAIR VALUE	'	'
Assets, at fair value	71,288	42,080
Unobservable Input	'	'
Net income multiple	15	9.6
Consolidated Funds | Equity securities | Consumer discretionary | Market approach (comparable companies),Net income multiple | Weighted Average	'	'
Unobservable Input	'	'
Net income multiple	15	9.6
Consolidated Funds | Equity securities | Consumer discretionary | Market approach (comparable companies), Yield to worst	'	'
FAIR VALUE	'	'
Assets, at fair value	'	1,114
Unobservable Input	'	'
Yield to worst (as a percent)	'	5.00%
Consolidated Funds | Equity securities | Consumer discretionary | Market approach (comparable companies), Yield to worst | Weighted Average	'	'
Unobservable Input	'	'
Yield to worst (as a percent)	'	5.00%
Consolidated Funds | Equity securities | Consumer discretionary | Market approach (other)	'	'
FAIR VALUE	'	'
Assets, at fair value	1,112	1,557
Consolidated Funds | Equity securities | Consumer discretionary | Other	'	'
FAIR VALUE	'	'
Assets, at fair value	1,642	1,729
Consolidated Funds | Equity securities | Consumer discretionary | Other, Volume weighted average price	'	'
FAIR VALUE	'	'
Assets, at fair value	4,961	8,466
Unobservable Input	'	'
Volume weighted average price	25.2	25.2
Consolidated Funds | Equity securities | Consumer discretionary | Other, Volume weighted average price | Weighted Average	'	'
Unobservable Input	'	'
Volume weighted average price	25.2	25.2
Consolidated Funds | Equity securities | Consumer discretionary | Other, Volume weighted average price or Illiquidity discount	'	'
FAIR VALUE	'	'
Assets, at fair value	1,478	1,418
Unobservable Input	'	'
Volume weighted average price	15	25.2
Illiquidity discount (as a percent)	25.20%	15.00%
Consolidated Funds | Equity securities | Consumer discretionary | Other, Volume weighted average price or Illiquidity discount | Weighted Average	'	'
Unobservable Input	'	'
Volume weighted average price	15	25.2
Illiquidity discount (as a percent)	25.20%	15.00%
Consolidated Funds | Equity securities | Consumer discretionary | Recent transaction price	'	'
FAIR VALUE	'	'
Assets, at fair value	250,000	505,270
Consolidated Funds | Equity securities | Consumer staples | EV market multiple analysis	'	'
FAIR VALUE	'	'
Assets, at fair value	762	668
Unobservable Input	'	'
EBITDA multiple	7.9	7.9
Consolidated Funds | Equity securities | Consumer staples | EV market multiple analysis | Weighted Average	'	'
Unobservable Input	'	'
EBITDA multiple	7.9	7.9
Consolidated Funds | Equity securities | Consumer staples | Market approach (comparable companies), EBITDA multiple	'	'
FAIR VALUE	'	'
Assets, at fair value	221,864	201,059
Consolidated Funds | Equity securities | Consumer staples | Market approach (comparable companies), EBITDA multiple | Minimum	'	'
Unobservable Input	'	'
EBITDA multiple	6	6
Consolidated Funds | Equity securities | Consumer staples | Market approach (comparable companies), EBITDA multiple | Maximum	'	'
Unobservable Input	'	'
EBITDA multiple	8	8.5
Consolidated Funds | Equity securities | Consumer staples | Market approach (comparable companies), EBITDA multiple | Weighted Average	'	'
Unobservable Input	'	'
EBITDA multiple	7.5	7.5
Consolidated Funds | Equity securities | Consumer staples | Market approach (comparable companies),Net income multiple	'	'
FAIR VALUE	'	'
Assets, at fair value	30,293	'
Consolidated Funds | Equity securities | Consumer staples | Market approach (comparable companies),Net income multiple | Minimum	'	'
Unobservable Input	'	'
Net income multiple	8	'
Consolidated Funds | Equity securities | Consumer staples | Market approach (comparable companies),Net income multiple | Maximum	'	'
Unobservable Input	'	'
Net income multiple	10	'
Consolidated Funds | Equity securities | Consumer staples | Market approach (comparable companies),Net income multiple | Weighted Average	'	'
Unobservable Input	'	'
Net income multiple	9	'
Consolidated Funds | Equity securities | Consumer staples | Recent transaction price	'	'
FAIR VALUE	'	'
Assets, at fair value	'	25,000
Consolidated Funds | Equity securities | Energy | Market approach (comparable companies), EBITDA multiple	'	'
FAIR VALUE	'	'
Assets, at fair value	128,493	119,344
Consolidated Funds | Equity securities | Energy | Market approach (comparable companies), EBITDA multiple | Minimum	'	'
Unobservable Input	'	'
EBITDA multiple	1	1
Consolidated Funds | Equity securities | Energy | Market approach (comparable companies), EBITDA multiple | Maximum	'	'
Unobservable Input	'	'
EBITDA multiple	1.4	1.4
Consolidated Funds | Equity securities | Energy | Market approach (comparable companies), EBITDA multiple | Weighted Average	'	'
Unobservable Input	'	'
EBITDA multiple	1.2	1.2
Consolidated Funds | Equity securities | Energy | Other	'	'
FAIR VALUE	'	'
Assets, at fair value	34,125	58,987
Consolidated Funds | Equity securities | Energy | Option pricing model	'	'
FAIR VALUE	'	'
Assets, at fair value	6,600	'
Unobservable Input	'	'
Volatility (as a percent)	26.00%	'
Consolidated Funds | Equity securities | Energy | Option pricing model | Weighted Average	'	'
Unobservable Input	'	'
Volatility (as a percent)	26.00%	'
Consolidated Funds | Equity securities | Financials | EV market multiple analysis	'	'
FAIR VALUE	'	'
Assets, at fair value	7,069	6,172
Unobservable Input	'	'
EBITDA multiple	10.5	10.5
Consolidated Funds | Equity securities | Financials | EV market multiple analysis | Weighted Average	'	'
Unobservable Input	'	'
EBITDA multiple	10.5	10.5
Consolidated Funds | Equity securities | Healthcare, education and childcare | EV market multiple analysis	'	'
FAIR VALUE	'	'
Assets, at fair value	28,075	28,607
Consolidated Funds | Equity securities | Healthcare, education and childcare | EV market multiple analysis | Minimum	'	'
Unobservable Input	'	'
EBITDA multiple	7.8	7.8
Consolidated Funds | Equity securities | Healthcare, education and childcare | EV market multiple analysis | Maximum	'	'
Unobservable Input	'	'
EBITDA multiple	19.7	43.7
Consolidated Funds | Equity securities | Healthcare, education and childcare | EV market multiple analysis | Weighted Average	'	'
Unobservable Input	'	'
EBITDA multiple	7.3	10.9
Consolidated Funds | Equity securities | Healthcare, education and childcare | Market approach (comparable companies), EBITDA multiple	'	'
FAIR VALUE	'	'
Assets, at fair value	316,317	296,817
Consolidated Funds | Equity securities | Healthcare, education and childcare | Market approach (comparable companies), EBITDA multiple | Minimum	'	'
Unobservable Input	'	'
EBITDA multiple	8	8
Consolidated Funds | Equity securities | Healthcare, education and childcare | Market approach (comparable companies), EBITDA multiple | Maximum	'	'
Unobservable Input	'	'
EBITDA multiple	12	12
Consolidated Funds | Equity securities | Healthcare, education and childcare | Market approach (comparable companies), EBITDA multiple | Weighted Average	'	'
Unobservable Input	'	'
EBITDA multiple	10.4	10.5
Consolidated Funds | Equity securities | Healthcare, education and childcare | Market approach (comparable companies),Net income multiple	'	'
FAIR VALUE	'	'
Assets, at fair value	33,610	23,493
Consolidated Funds | Equity securities | Healthcare, education and childcare | Market approach (comparable companies),Net income multiple | Minimum	'	'
Unobservable Input	'	'
Net income multiple	30	20
Consolidated Funds | Equity securities | Healthcare, education and childcare | Market approach (comparable companies),Net income multiple | Maximum	'	'
Unobservable Input	'	'
Net income multiple	40	25
Consolidated Funds | Equity securities | Healthcare, education and childcare | Market approach (comparable companies),Net income multiple | Weighted Average	'	'
Unobservable Input	'	'
Net income multiple	35	22.5
Consolidated Funds | Equity securities | Industrials | Broker quotes and/or 3rd party pricing services	'	'
FAIR VALUE	'	'
Assets, at fair value	86	8,595
Consolidated Funds | Equity securities | Industrials | Market approach (comparable companies), EBITDA multiple	'	'
FAIR VALUE	'	'
Assets, at fair value	130,478	130,478
Consolidated Funds | Equity securities | Industrials | Market approach (comparable companies), EBITDA multiple | Minimum	'	'
Unobservable Input	'	'
EBITDA multiple	8	8
Consolidated Funds | Equity securities | Industrials | Market approach (comparable companies), EBITDA multiple | Maximum	'	'
Unobservable Input	'	'
EBITDA multiple	12.7	14.5
Consolidated Funds | Equity securities | Industrials | Market approach (comparable companies), EBITDA multiple | Weighted Average	'	'
Unobservable Input	'	'
EBITDA multiple	10	10.3
Consolidated Funds | Equity securities | Materials | EV market multiple analysis	'	'
FAIR VALUE	'	'
Assets, at fair value	'	773
Unobservable Input	'	'
EBITDA multiple	'	6
Consolidated Funds | Equity securities | Materials | EV market multiple analysis | Weighted Average	'	'
Unobservable Input	'	'
EBITDA multiple	'	6
Consolidated Funds | Equity securities | Materials | Market approach (comparable companies),Net income multiple	'	'
FAIR VALUE	'	'
Assets, at fair value	52,947	52,947
Consolidated Funds | Equity securities | Materials | Market approach (comparable companies),Net income multiple | Minimum	'	'
Unobservable Input	'	'
Net income multiple	8	8
Consolidated Funds | Equity securities | Materials | Market approach (comparable companies),Net income multiple | Maximum	'	'
Unobservable Input	'	'
Net income multiple	10	10
Consolidated Funds | Equity securities | Materials | Market approach (comparable companies),Net income multiple | Weighted Average	'	'
Unobservable Input	'	'
Net income multiple	9	9
Consolidated Funds | Equity securities | Telecommunication services | Broker quotes and/or 3rd party pricing services	'	'
FAIR VALUE	'	'
Assets, at fair value	1,367	957
Consolidated Funds | Equity securities | Telecommunication services | EV market multiple analysis	'	'
FAIR VALUE	'	'
Assets, at fair value	570	566
Unobservable Input	'	'
EBITDA multiple	6.9	6.9
Consolidated Funds | Equity securities | Telecommunication services | EV market multiple analysis | Weighted Average	'	'
Unobservable Input	'	'
EBITDA multiple	6.9	6.9
Consolidated Funds | Equity securities | Utilities | Broker quotes and/or 3rd party pricing services	'	'
FAIR VALUE	'	'
Assets, at fair value	15,253	14,077
Consolidated Funds | Fixed income asset | Consumer discretionary | Broker quotes and/or 3rd party pricing services	'	'
FAIR VALUE	'	'
Assets, at fair value	340,008	287,572
Consolidated Funds | Fixed income asset | Consumer discretionary | EV market multiple analysis	'	'
FAIR VALUE	'	'
Assets, at fair value	18,508	18,383
Consolidated Funds | Fixed income asset | Consumer discretionary | EV market multiple analysis | Minimum	'	'
Unobservable Input	'	'
EBITDA multiple	6.2	6.2
Consolidated Funds | Fixed income asset | Consumer discretionary | EV market multiple analysis | Maximum	'	'
Unobservable Input	'	'
EBITDA multiple	10	18
Consolidated Funds | Fixed income asset | Consumer discretionary | EV market multiple analysis | Weighted Average	'	'
Unobservable Input	'	'
EBITDA multiple	7.3	8
Consolidated Funds | Fixed income asset | Consumer discretionary | Discounted cash flow	'	'
FAIR VALUE	'	'
Assets, at fair value	'	394,891
Consolidated Funds | Fixed income asset | Consumer discretionary | Discounted cash flow | Minimum	'	'
Unobservable Input	'	'
Yield to maturity (as a percent)	'	7.00%
Consolidated Funds | Fixed income asset | Consumer discretionary | Discounted cash flow | Maximum	'	'
Unobservable Input	'	'
Yield to maturity (as a percent)	'	10.00%
Consolidated Funds | Fixed income asset | Consumer discretionary | Discounted cash flow | Weighted Average	'	'
Unobservable Input	'	'
Yield to maturity (as a percent)	'	8.50%
Consolidated Funds | Fixed income asset | Consumer discretionary | Income approach (other), Yield to worst	'	'
FAIR VALUE	'	'
Assets, at fair value	6,741	5,366
Consolidated Funds | Fixed income asset | Consumer discretionary | Income approach (other), Yield to worst | Minimum	'	'
Unobservable Input	'	'
Yield to worst (as a percent)	4.80%	4.80%
Consolidated Funds | Fixed income asset | Consumer discretionary | Income approach (other), Yield to worst | Maximum	'	'
Unobservable Input	'	'
Yield to worst (as a percent)	5.80%	5.80%
Consolidated Funds | Fixed income asset | Consumer discretionary | Income approach (other), Yield to worst | Weighted Average	'	'
Unobservable Input	'	'
Yield to worst (as a percent)	5.30%	5.30%
Consolidated Funds | Fixed income asset | Consumer discretionary | Income approach (other), Yield	'	'
FAIR VALUE	'	'
Assets, at fair value	'	4,565
Unobservable Input	'	'
Yield (as a percent)	'	17.90%
Consolidated Funds | Fixed income asset | Consumer discretionary | Income approach (other), Yield | Weighted Average	'	'
Unobservable Input	'	'
Yield (as a percent)	'	17.90%
Consolidated Funds | Fixed income asset | Consumer discretionary | Market approach (comparable companies), Book value multiple	'	'
FAIR VALUE	'	'
Assets, at fair value	115,076	113,305
Consolidated Funds | Fixed income asset | Consumer discretionary | Market approach (comparable companies), Book value multiple | Minimum	'	'
Unobservable Input	'	'
Book value multiple	2	1.5
Consolidated Funds | Fixed income asset | Consumer discretionary | Market approach (comparable companies), Book value multiple | Maximum	'	'
Unobservable Input	'	'
Book value multiple	2.3	1.8
Consolidated Funds | Fixed income asset | Consumer discretionary | Market approach (comparable companies), Book value multiple | Weighted Average	'	'
Unobservable Input	'	'
Book value multiple	2.1	1.6
Consolidated Funds | Fixed income asset | Consumer discretionary | Market approach (comparable companies), EBITDA multiple	'	'
FAIR VALUE	'	'
Assets, at fair value	15,454	406,854
Unobservable Input	'	'
EBITDA multiple	8.1	'
Consolidated Funds | Fixed income asset | Consumer discretionary | Market approach (comparable companies), EBITDA multiple | Minimum	'	'
Unobservable Input	'	'
EBITDA multiple	'	8
Consolidated Funds | Fixed income asset | Consumer discretionary | Market approach (comparable companies), EBITDA multiple | Maximum	'	'
Unobservable Input	'	'
EBITDA multiple	'	10.5
Consolidated Funds | Fixed income asset | Consumer discretionary | Market approach (comparable companies), EBITDA multiple | Weighted Average	'	'
Unobservable Input	'	'
EBITDA multiple	8.1	9.2
Consolidated Funds | Fixed income asset | Consumer discretionary | Yield analysis	'	'
FAIR VALUE	'	'
Assets, at fair value	291,435	623,437
Consolidated Funds | Fixed income asset | Consumer discretionary | Yield analysis | Minimum	'	'
Unobservable Input	'	'
Market yield (as a percent)	2.50%	2.50%
Consolidated Funds | Fixed income asset | Consumer discretionary | Yield analysis | Maximum	'	'
Unobservable Input	'	'
Market yield (as a percent)	13.00%	13.00%
Consolidated Funds | Fixed income asset | Consumer discretionary | Yield analysis | Weighted Average	'	'
Unobservable Input	'	'
Market yield (as a percent)	9.90%	9.20%
Consolidated Funds | Fixed income asset | Consumer discretionary | Recent transaction price	'	'
FAIR VALUE	'	'
Assets, at fair value	783,465	9,730
Consolidated Funds | Fixed income asset | Consumer staples | Discounted cash flow	'	'
FAIR VALUE	'	'
Assets, at fair value	515	469
Unobservable Input	'	'
Other (as a percent)	20.00%	20.00%
Consolidated Funds | Fixed income asset | Consumer staples | Discounted cash flow | Weighted Average	'	'
Unobservable Input	'	'
Other (as a percent)	20.00%	20.00%
Consolidated Funds | Fixed income asset | Consumer staples | Income approach (other), Yield	'	'
FAIR VALUE	'	'
Assets, at fair value	4,297	4,032
Unobservable Input	'	'
Yield (as a percent)	18.40%	4.40%
Consolidated Funds | Fixed income asset | Consumer staples | Income approach (other), Yield | Weighted Average	'	'
Unobservable Input	'	'
Yield (as a percent)	18.40%	4.40%
Consolidated Funds | Fixed income asset | Energy | Broker quotes and/or 3rd party pricing services	'	'
FAIR VALUE	'	'
Assets, at fair value	66,912	112,362
Consolidated Funds | Fixed income asset | Energy | Recent transaction price	'	'
FAIR VALUE	'	'
Assets, at fair value	11,888	7,327
Consolidated Funds | Fixed income asset | Financials | Broker quotes and/or 3rd party pricing services	'	'
FAIR VALUE	'	'
Assets, at fair value	491,152	561,569
Consolidated Funds | Fixed income asset | Financials | EV market multiple analysis	'	'
FAIR VALUE	'	'
Assets, at fair value	13,201	13,177
Unobservable Input	'	'
EBITDA multiple	2.4	2.4
Consolidated Funds | Fixed income asset | Financials | EV market multiple analysis | Weighted Average	'	'
Unobservable Input	'	'
EBITDA multiple	2.4	2.4
Consolidated Funds | Fixed income asset | Financials | Discounted cash flow	'	'
FAIR VALUE	'	'
Assets, at fair value	74,439	942
Unobservable Input	'	'
Discount rate (as a percent)	10.80%	'
Constant default rate (as a percent)	2.00%	'
Recovery rate (as a percent)	70.00%	'
Prepayment rate (as a percent)	20.00%	'
Consolidated Funds | Fixed income asset | Financials | Discounted cash flow | Weighted Average	'	'
Unobservable Input	'	'
Prepayment rate (as a percent)	36.00%	'
Consolidated Funds | Fixed income asset | Financials | Income approach (other), Weighted average collection rate	'	'
FAIR VALUE	'	'
Assets, at fair value	2,030	'
Unobservable Input	'	'
Weighted average collection rate	1.2	'
Consolidated Funds | Fixed income asset | Financials | Income approach (other), Weighted average collection rate | Weighted Average	'	'
Unobservable Input	'	'
Weighted average collection rate	1.2	'
Consolidated Funds | Fixed income asset | Financials | Yield analysis	'	'
FAIR VALUE	'	'
Assets, at fair value	287,824	214,719
Consolidated Funds | Fixed income asset | Financials | Yield analysis | Minimum	'	'
Unobservable Input	'	'
Market yield (as a percent)	4.50%	2.80%
Consolidated Funds | Fixed income asset | Financials | Yield analysis | Maximum	'	'
Unobservable Input	'	'
Market yield (as a percent)	13.50%	13.50%
Consolidated Funds | Fixed income asset | Financials | Yield analysis | Weighted Average	'	'
Unobservable Input	'	'
Market yield (as a percent)	10.60%	9.30%
Consolidated Funds | Fixed income asset | Financials | Recent transaction price	'	'
FAIR VALUE	'	'
Assets, at fair value	2,892	'
Consolidated Funds | Fixed income asset | Healthcare, education and childcare | Broker quotes and/or 3rd party pricing services	'	'
FAIR VALUE	'	'
Assets, at fair value	57,847	100,868
Consolidated Funds | Fixed income asset | Healthcare, education and childcare | EV market multiple analysis	'	'
FAIR VALUE	'	'
Assets, at fair value	5,959	5,919
Unobservable Input	'	'
EBITDA multiple	32	'
Consolidated Funds | Fixed income asset | Healthcare, education and childcare | EV market multiple analysis | Minimum	'	'
Unobservable Input	'	'
EBITDA multiple	'	7.8
Consolidated Funds | Fixed income asset | Healthcare, education and childcare | EV market multiple analysis | Maximum	'	'
Unobservable Input	'	'
EBITDA multiple	'	43.7
Consolidated Funds | Fixed income asset | Healthcare, education and childcare | EV market multiple analysis | Weighted Average	'	'
Unobservable Input	'	'
EBITDA multiple	32	10.9
Consolidated Funds | Fixed income asset | Healthcare, education and childcare | Income approach (other), Yield to worst	'	'
FAIR VALUE	'	'
Assets, at fair value	7,390	3,916
Unobservable Input	'	'
Yield to worst (as a percent)	6.00%	'
Consolidated Funds | Fixed income asset | Healthcare, education and childcare | Income approach (other), Yield to worst | Minimum	'	'
Unobservable Input	'	'
Discount rate (as a percent)	'	4.10%
Consolidated Funds | Fixed income asset | Healthcare, education and childcare | Income approach (other), Yield to worst | Maximum	'	'
Unobservable Input	'	'
Discount rate (as a percent)	'	4.20%
Consolidated Funds | Fixed income asset | Healthcare, education and childcare | Income approach (other), Yield to worst | Weighted Average	'	'
Unobservable Input	'	'
Yield to worst (as a percent)	6.00%	'
Discount rate (as a percent)	'	4.20%
Consolidated Funds | Fixed income asset | Healthcare, education and childcare | Yield analysis	'	'
FAIR VALUE	'	'
Assets, at fair value	72,874	146,983
Consolidated Funds | Fixed income asset | Healthcare, education and childcare | Yield analysis | Minimum	'	'
Unobservable Input	'	'
Market yield (as a percent)	6.00%	6.00%
Consolidated Funds | Fixed income asset | Healthcare, education and childcare | Yield analysis | Maximum	'	'
Unobservable Input	'	'
Market yield (as a percent)	10.00%	10.00%
Consolidated Funds | Fixed income asset | Healthcare, education and childcare | Yield analysis | Weighted Average	'	'
Unobservable Input	'	'
Market yield (as a percent)	7.50%	7.70%
Consolidated Funds | Fixed income asset | Industrials | Broker quotes and/or 3rd party pricing services	'	'
FAIR VALUE	'	'
Assets, at fair value	83,495	89,817
Consolidated Funds | Fixed income asset | Industrials | Income approach (other), Yield	'	'
FAIR VALUE	'	'
Assets, at fair value	4,773	17,894
Consolidated Funds | Fixed income asset | Industrials | Income approach (other), Yield | Minimum	'	'
Unobservable Input	'	'
Yield (as a percent)	4.80%	4.40%
Consolidated Funds | Fixed income asset | Industrials | Income approach (other), Yield | Maximum	'	'
Unobservable Input	'	'
Yield (as a percent)	5.60%	5.80%
Consolidated Funds | Fixed income asset | Industrials | Income approach (other), Yield | Weighted Average	'	'
Unobservable Input	'	'
Yield (as a percent)	5.30%	4.60%
Consolidated Funds | Fixed income asset | Industrials | Market approach (comparable companies), EBITDA multiple	'	'
FAIR VALUE	'	'
Assets, at fair value	'	30,579
Consolidated Funds | Fixed income asset | Industrials | Market approach (comparable companies), EBITDA multiple | Minimum	'	'
Unobservable Input	'	'
EBITDA multiple	'	9.7
Consolidated Funds | Fixed income asset | Industrials | Market approach (comparable companies), EBITDA multiple | Maximum	'	'
Unobservable Input	'	'
EBITDA multiple	'	14.5
Consolidated Funds | Fixed income asset | Industrials | Market approach (comparable companies), EBITDA multiple | Weighted Average	'	'
Unobservable Input	'	'
EBITDA multiple	'	12.1
Consolidated Funds | Fixed income asset | Industrials | Market approach (comparable companies), Recovery rate	'	'
FAIR VALUE	'	'
Assets, at fair value	31,018	'
Consolidated Funds | Fixed income asset | Industrials | Market approach (comparable companies), Recovery rate | Minimum	'	'
Unobservable Input	'	'
Discounted cash flow	10	'
Consolidated Funds | Fixed income asset | Industrials | Market approach (comparable companies), Recovery rate | Maximum	'	'
Unobservable Input	'	'
Discounted cash flow	12.7	'
Consolidated Funds | Fixed income asset | Industrials | Market approach (comparable companies), Recovery rate | Weighted Average	'	'
Unobservable Input	'	'
Discounted cash flow	11.4	'
Consolidated Funds | Fixed income asset | Industrials | Market approach (comparable companies), Illiquidity discount	'	'
FAIR VALUE	'	'
Assets, at fair value	'	4,760
Consolidated Funds | Fixed income asset | Industrials | Market approach (comparable companies), Illiquidity discount | Minimum	'	'
Unobservable Input	'	'
Illiquidity premium (as a percent)	'	2.00%
Consolidated Funds | Fixed income asset | Industrials | Market approach (comparable companies), Illiquidity discount | Maximum	'	'
Unobservable Input	'	'
Illiquidity premium (as a percent)	'	2.50%
Consolidated Funds | Fixed income asset | Industrials | Market approach (comparable companies), Illiquidity discount | Weighted Average	'	'
Unobservable Input	'	'
Illiquidity premium (as a percent)	'	2.30%
Consolidated Funds | Fixed income asset | Industrials | Yield analysis	'	'
FAIR VALUE	'	'
Assets, at fair value	'	53,194
Consolidated Funds | Fixed income asset | Industrials | Yield analysis | Minimum	'	'
Unobservable Input	'	'
Market yield (as a percent)	'	2.50%
Consolidated Funds | Fixed income asset | Industrials | Yield analysis | Maximum	'	'
Unobservable Input	'	'
Market yield (as a percent)	'	12.80%
Consolidated Funds | Fixed income asset | Industrials | Yield analysis | Weighted Average	'	'
Unobservable Input	'	'
Market yield (as a percent)	'	9.60%
Consolidated Funds | Fixed income asset | Industrials | Yield analysis, one	'	'
FAIR VALUE	'	'
Assets, at fair value	5,075	'
Unobservable Input	'	'
Yield (as a percent)	18.80%	'
Consolidated Funds | Fixed income asset | Industrials | Yield analysis, one | Weighted Average	'	'
Unobservable Input	'	'
Yield (as a percent)	18.80%	'
Consolidated Funds | Fixed income asset | Industrials | Yield analysis, two	'	'
FAIR VALUE	'	'
Assets, at fair value	43,400	'
Consolidated Funds | Fixed income asset | Industrials | Yield analysis, two | Minimum	'	'
Unobservable Input	'	'
Market yield (as a percent)	2.50%	'
Consolidated Funds | Fixed income asset | Industrials | Yield analysis, two | Maximum	'	'
Unobservable Input	'	'
Market yield (as a percent)	12.80%	'
Consolidated Funds | Fixed income asset | Industrials | Yield analysis, two | Weighted Average	'	'
Unobservable Input	'	'
Market yield (as a percent)	8.90%	'
Consolidated Funds | Fixed income asset | Information technology | Broker quotes and/or 3rd party pricing services	'	'
FAIR VALUE	'	'
Assets, at fair value	18,410	51,357
Consolidated Funds | Fixed income asset | Information technology | Yield analysis	'	'
FAIR VALUE	'	'
Assets, at fair value	39,748	38,317
Consolidated Funds | Fixed income asset | Information technology | Yield analysis | Minimum	'	'
Unobservable Input	'	'
Market yield (as a percent)	5.30%	5.30%
Consolidated Funds | Fixed income asset | Information technology | Yield analysis | Maximum	'	'
Unobservable Input	'	'
Market yield (as a percent)	14.00%	14.00%
Consolidated Funds | Fixed income asset | Information technology | Yield analysis | Weighted Average	'	'
Unobservable Input	'	'
Market yield (as a percent)	11.50%	11.50%
Consolidated Funds | Fixed income asset | Information technology | Recent transaction price	'	'
FAIR VALUE	'	'
Assets, at fair value	'	6,851
Consolidated Funds | Fixed income asset | Materials | Broker quotes and/or 3rd party pricing services	'	'
FAIR VALUE	'	'
Assets, at fair value	31,369	39,743
Consolidated Funds | Fixed income asset | Materials | Discounted cash flow	'	'
FAIR VALUE	'	'
Assets, at fair value	'	20,259
Unobservable Input	'	'
Discount rate (as a percent)	'	13.00%
Consolidated Funds | Fixed income asset | Materials | Discounted cash flow | Weighted Average	'	'
Unobservable Input	'	'
Discount rate (as a percent)	'	13.00%
Consolidated Funds | Fixed income asset | Materials | Market approach (comparable companies), EBITDA multiple	'	'
FAIR VALUE	'	'
Assets, at fair value	14,850	14,056
Consolidated Funds | Fixed income asset | Materials | Market approach (comparable companies), EBITDA multiple | Minimum	'	'
Unobservable Input	'	'
EBITDA multiple	'	6
Consolidated Funds | Fixed income asset | Materials | Market approach (comparable companies), EBITDA multiple | Maximum	'	'
Unobservable Input	'	'
EBITDA multiple	'	10
Consolidated Funds | Fixed income asset | Materials | Market approach (comparable companies), EBITDA multiple | Weighted Average	'	'
Unobservable Input	'	'
EBITDA multiple	'	9
Consolidated Funds | Fixed income asset | Materials | Market approach (comparable companies), Recovery rate	'	'
FAIR VALUE	'	'
Assets, at fair value	731	'
Consolidated Funds | Fixed income asset | Materials | Market approach (comparable companies), Recovery rate | Minimum	'	'
Unobservable Input	'	'
Recovery rate (as a percent)	1.10%	'
Discounted cash flow	8	'
Consolidated Funds | Fixed income asset | Materials | Market approach (comparable companies), Recovery rate | Maximum	'	'
Unobservable Input	'	'
Recovery rate (as a percent)	2.50%	'
Discounted cash flow	10	'
Consolidated Funds | Fixed income asset | Materials | Market approach (comparable companies), Recovery rate | Weighted Average	'	'
Unobservable Input	'	'
Recovery rate (as a percent)	1.80%	'
Discounted cash flow	9.3	'
Consolidated Funds | Fixed income asset | Materials | Yield analysis	'	'
FAIR VALUE	'	'
Assets, at fair value	16,212	54,714
Consolidated Funds | Fixed income asset | Materials | Yield analysis | Minimum	'	'
Unobservable Input	'	'
Market yield (as a percent)	6.00%	6.00%
Consolidated Funds | Fixed income asset | Materials | Yield analysis | Maximum	'	'
Unobservable Input	'	'
Market yield (as a percent)	13.00%	13.00%
Consolidated Funds | Fixed income asset | Materials | Yield analysis | Weighted Average	'	'
Unobservable Input	'	'
Market yield (as a percent)	8.80%	7.70%
Consolidated Funds | Fixed income asset | Telecommunication services | Broker quotes and/or 3rd party pricing services	'	'
FAIR VALUE	'	'
Assets, at fair value	69,877	112,901
Consolidated Funds | Fixed income asset | Telecommunication services | Yield analysis	'	'
FAIR VALUE	'	'
Assets, at fair value	'	52,989
Unobservable Input	'	'
Market yield (as a percent)	'	8.80%
Consolidated Funds | Fixed income asset | Telecommunication services | Yield analysis | Weighted Average	'	'
Unobservable Input	'	'
Market yield (as a percent)	'	8.80%
Consolidated Funds | Fixed income asset | Utilities | Broker quotes and/or 3rd party pricing services	'	'
FAIR VALUE	'	'
Assets, at fair value	'	3,336
Consolidated Funds | Fixed income asset | Partnership and LLC interests | NAV	'	'
FAIR VALUE	'	'
Assets, at fair value	52,818	41,001
Consolidated Funds | Other | Broker quotes and/or 3rd party pricing services	'	'
FAIR VALUE	'	'
Assets, at fair value	2,593	2,372
Consolidated Funds | Derivatives assets of Consolidated Funds | Broker quotes and/or 3rd party pricing services	'	'
FAIR VALUE	'	'
Assets, at fair value	2,330	3,135

FAIR_VALUE_Details_5

FAIR VALUE (Details 5) (Ares Holdings, Inc. and Ares Investments LLC and Consolidated Funds, USD $)	3 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
FAIR VALUE	'	'
Fair Value	$173,160	$129,178
Unfunded Commitments	343,980	313,563
Direct Lending Group	'	'
FAIR VALUE	'	'
Fair Value	20,336	2,298
Unfunded Commitments	30,503	1,045
Real Estate Group	'	'
FAIR VALUE	'	'
Fair Value	34,894	34,521
Unfunded Commitments	9,686	9,734
Tradable Credit Group	'	'
FAIR VALUE	'	'
Fair Value	72,818	50,349
Unfunded Commitments	150,464	145,818
Redemption restriction period	'6 months	'6 months
Private Equity Group	'	'
FAIR VALUE	'	'
Fair Value	45,112	42,010
Unfunded Commitments	$153,327	$156,966

DERIVATIVE_FINANCIAL_INSTRUMEN2

DERIVATIVE FINANCIAL INSTRUMENTS (Details) (USD $)

3 Months Ended

In Thousands, unless otherwise specified

Mar. 31, 2014

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Ares Holdings, Inc. and Ares Investments LLC and Consolidated Funds

AM LLC and AIH LLC

AM LLC and AIH LLC

AM LLC and AIH LLC

AM LLC and AIH LLC

AM LLC and AIH LLC

AM LLC and AIH LLC

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

Consolidated Funds

item

Interest rate contracts

Interest rate contracts

Foreign exchange contracts

Foreign exchange contracts

Interest rate contracts

Interest rate contracts

Credit contracts

Credit contracts

Equity contracts

Equity contracts

Equity contracts

Equity contracts

Foreign exchange contracts

Foreign exchange contracts

Other financial instruments

Other financial instruments

counterparty

Warrants

Warrants

DERIVATIVE FINANCIAL INSTRUMENTS

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of counterparties

2

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of interest rates

2

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Assets

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Notional amount, Assets

'

$53,406

$66,733

'

'

$53,406

$66,733

$129,934

$312,985

$34,000

$70,000

$51,500

$25,437

$64

$50

$68,859

$68,253

$35,832

$211,324

$8,538

$6,174

Notional amount, Total

'

'

'

'

'

'

'

198,793

381,238

'

'

'

'

'

'

'

'

'

'

'

'

Fair Value, Assets

'

1,132

1,164

'

'

1,132

1,164

8,961

14,625

0

8

6,271

4,489

245

179

'

'

115

8,653

2,330

1,296

Fair Value, Warrants

'

'

'

'

'

'

'

19,485,067

20,823,338

'

'

'

'

'

'

21,734

46,802

'

'

'

'

Fair Value, Total

'

'

'

'

'

'

'

30,695

61,427

'

'

'

'

'

'

'

'

'

'

'

'

Liabilities

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Notional amount, Liabilities

'

376,002

326,419

250,000

250,000

126,002

76,419

1,051,842

2,058,805

89,000

623,225

703,700

537,921

'

'

'

'

166,756

813,997

92,386

83,662

Fair Value, Liabilities

'

$2,942

$2,907

$1,197

$1,254

$1,745

$1,653

$53,643

$75,115

$2,545

$3,878

$39,178

$28,385

'

'

'

'

$3,751

$38,631

$8,169

$4,221

DERIVATIVE_FINANCIAL_INSTRUMEN3

DERIVATIVE FINANCIAL INSTRUMENTS (Details 2) (Net realized (loss) on investments, USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
AM LLC and AIH LLC	'	'
DERIVATIVE FINANCIAL INSTRUMENTS	'	'
Total net realized gain (loss) on investments	($1,134)	($1,165)
Total net change in unrealized appreciation (depreciation) on investments	-67	4,673
AM LLC and AIH LLC | Options | Purchased	'	'
DERIVATIVE FINANCIAL INSTRUMENTS	'	'
Total net change in unrealized appreciation (depreciation) on investments	-61	247
AM LLC and AIH LLC | Swaps	'	'
DERIVATIVE FINANCIAL INSTRUMENTS	'	'
Total net realized gain (loss) on investments	-341	-302
Total net change in unrealized appreciation (depreciation) on investments	57	223
AM LLC and AIH LLC | Foreign currency forward contracts	'	'
DERIVATIVE FINANCIAL INSTRUMENTS	'	'
Total net realized gain (loss) on investments	-793	-863
Total net change in unrealized appreciation (depreciation) on investments	-63	4,203
AM LLC and AIH LLC | Interest rate contracts	'	'
DERIVATIVE FINANCIAL INSTRUMENTS	'	'
Total net realized gain (loss) on investments	-341	-302
Total net change in unrealized appreciation (depreciation) on investments	57	223
AM LLC and AIH LLC | Interest rate contracts | Swaps	'	'
DERIVATIVE FINANCIAL INSTRUMENTS	'	'
Total net realized gain (loss) on investments	-341	-302
Total net change in unrealized appreciation (depreciation) on investments	57	223
AM LLC and AIH LLC | Foreign exchange contracts	'	'
DERIVATIVE FINANCIAL INSTRUMENTS	'	'
Total net realized gain (loss) on investments	-793	-863
Total net change in unrealized appreciation (depreciation) on investments	-124	4,450
AM LLC and AIH LLC | Foreign exchange contracts | Options | Purchased	'	'
DERIVATIVE FINANCIAL INSTRUMENTS	'	'
Total net change in unrealized appreciation (depreciation) on investments	-61	247
AM LLC and AIH LLC | Foreign exchange contracts | Foreign currency forward contracts	'	'
DERIVATIVE FINANCIAL INSTRUMENTS	'	'
Total net realized gain (loss) on investments	-793	-863
Total net change in unrealized appreciation (depreciation) on investments	-63	4,203
Consolidated Funds	'	'
DERIVATIVE FINANCIAL INSTRUMENTS	'	'
Total net realized gain (loss) on investments	-24,240	-3,074
Total net change in unrealized appreciation (depreciation) on investments	7,804	34,481
Consolidated Funds | Options | Purchased	'	'
DERIVATIVE FINANCIAL INSTRUMENTS	'	'
Total net realized gain (loss) on investments	-2,292	-1,883
Total net change in unrealized appreciation (depreciation) on investments	-1,668	-30
Consolidated Funds | Options | Written	'	'
DERIVATIVE FINANCIAL INSTRUMENTS	'	'
Total net realized gain (loss) on investments	1,853	337
Total net change in unrealized appreciation (depreciation) on investments	-1,214	-35
Consolidated Funds | Swaps	'	'
DERIVATIVE FINANCIAL INSTRUMENTS	'	'
Total net realized gain (loss) on investments	-7,174	-2,522
Total net change in unrealized appreciation (depreciation) on investments	-472	4,589
Consolidated Funds | Interest rate caps/floor	'	'
DERIVATIVE FINANCIAL INSTRUMENTS	'	'
Total net realized gain (loss) on investments	'	1,526
Total net change in unrealized appreciation (depreciation) on investments	-4	-1,713
Consolidated Funds | Warrants	'	'
DERIVATIVE FINANCIAL INSTRUMENTS	'	'
Total net realized gain (loss) on investments	1,261	33
Total net change in unrealized appreciation (depreciation) on investments	-7,180	2,939
Consolidated Funds | Foreign currency forward contracts	'	'
DERIVATIVE FINANCIAL INSTRUMENTS	'	'
Total net realized gain (loss) on investments	-17,888	-565
Total net change in unrealized appreciation (depreciation) on investments	18,342	28,731
Consolidated Funds | Interest rate contracts	'	'
DERIVATIVE FINANCIAL INSTRUMENTS	'	'
Total net realized gain (loss) on investments	-514	-2,755
Total net change in unrealized appreciation (depreciation) on investments	-368	1,783
Consolidated Funds | Interest rate contracts | Swaps	'	'
DERIVATIVE FINANCIAL INSTRUMENTS	'	'
Total net realized gain (loss) on investments	-514	-2,755
Total net change in unrealized appreciation (depreciation) on investments	-342	1,785
Consolidated Funds | Interest rate contracts | Interest rate caps/floor	'	'
DERIVATIVE FINANCIAL INSTRUMENTS	'	'
Total net change in unrealized appreciation (depreciation) on investments	-4	-2
Consolidated Funds | Interest rate contracts | Foreign currency forward contracts	'	'
DERIVATIVE FINANCIAL INSTRUMENTS	'	'
Total net change in unrealized appreciation (depreciation) on investments	-22	'
Consolidated Funds | Credit contracts	'	'
DERIVATIVE FINANCIAL INSTRUMENTS	'	'
Total net realized gain (loss) on investments	-10,206	'
Total net change in unrealized appreciation (depreciation) on investments	3,476	1,403
Consolidated Funds | Credit contracts | Swaps	'	'
DERIVATIVE FINANCIAL INSTRUMENTS	'	'
Total net realized gain (loss) on investments	-10,206	'
Total net change in unrealized appreciation (depreciation) on investments	3,476	-734
Consolidated Funds | Credit contracts | Warrants	'	'
DERIVATIVE FINANCIAL INSTRUMENTS	'	'
Total net change in unrealized appreciation (depreciation) on investments	'	2,137
Consolidated Funds | Equity contracts	'	'
DERIVATIVE FINANCIAL INSTRUMENTS	'	'
Total net realized gain (loss) on investments	-758	-1,532
Total net change in unrealized appreciation (depreciation) on investments	-5,850	30,482
Consolidated Funds | Equity contracts | Options | Purchased	'	'
DERIVATIVE FINANCIAL INSTRUMENTS	'	'
Total net realized gain (loss) on investments	-2,019	-1,565
Total net change in unrealized appreciation (depreciation) on investments	108	140
Consolidated Funds | Equity contracts | Swaps	'	'
DERIVATIVE FINANCIAL INSTRUMENTS	'	'
Total net change in unrealized appreciation (depreciation) on investments	'	762
Consolidated Funds | Equity contracts | Warrants	'	'
DERIVATIVE FINANCIAL INSTRUMENTS	'	'
Total net realized gain (loss) on investments	1,261	33
Total net change in unrealized appreciation (depreciation) on investments	-7,180	802
Consolidated Funds | Equity contracts | Foreign currency forward contracts	'	'
DERIVATIVE FINANCIAL INSTRUMENTS	'	'
Total net change in unrealized appreciation (depreciation) on investments	1,222	28,778
Consolidated Funds | Foreign exchange contracts	'	'
DERIVATIVE FINANCIAL INSTRUMENTS	'	'
Total net realized gain (loss) on investments	-16,308	1,213
Total net change in unrealized appreciation (depreciation) on investments	14,250	-758
Consolidated Funds | Foreign exchange contracts | Options | Purchased	'	'
DERIVATIVE FINANCIAL INSTRUMENTS	'	'
Total net realized gain (loss) on investments	-273	-318
Total net change in unrealized appreciation (depreciation) on investments	-1,663	-170
Consolidated Funds | Foreign exchange contracts | Options | Written	'	'
DERIVATIVE FINANCIAL INSTRUMENTS	'	'
Total net realized gain (loss) on investments	1,853	337
Total net change in unrealized appreciation (depreciation) on investments	-1,214	-35
Consolidated Funds | Foreign exchange contracts | Swaps	'	'
DERIVATIVE FINANCIAL INSTRUMENTS	'	'
Total net realized gain (loss) on investments	'	233
Total net change in unrealized appreciation (depreciation) on investments	-15	971
Consolidated Funds | Foreign exchange contracts | Interest rate caps/floor	'	'
DERIVATIVE FINANCIAL INSTRUMENTS	'	'
Total net realized gain (loss) on investments	'	1,526
Total net change in unrealized appreciation (depreciation) on investments	'	-1,711
Consolidated Funds | Foreign exchange contracts | Foreign currency forward contracts	'	'
DERIVATIVE FINANCIAL INSTRUMENTS	'	'
Total net realized gain (loss) on investments	-17,888	-565
Total net change in unrealized appreciation (depreciation) on investments	17,142	187
Consolidated Funds | Other financial instruments	'	'
DERIVATIVE FINANCIAL INSTRUMENTS	'	'
Total net realized gain (loss) on investments	3,546	'
Total net change in unrealized appreciation (depreciation) on investments	-3,704	1,571
Consolidated Funds | Other financial instruments | Options | Purchased	'	'
DERIVATIVE FINANCIAL INSTRUMENTS	'	'
Total net change in unrealized appreciation (depreciation) on investments	-113	'
Consolidated Funds | Other financial instruments | Swaps	'	'
DERIVATIVE FINANCIAL INSTRUMENTS	'	'
Total net realized gain (loss) on investments	3,546	'
Total net change in unrealized appreciation (depreciation) on investments	-3,591	1,805
Consolidated Funds | Other financial instruments | Foreign currency forward contracts	'	'
DERIVATIVE FINANCIAL INSTRUMENTS	'	'
Total net change in unrealized appreciation (depreciation) on investments	'	($234)

DERIVATIVE_FINANCIAL_INSTRUMEN4

DERIVATIVE FINANCIAL INSTRUMENTS (Details 3) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Ares Holdings, Inc. and Ares Investments LLC	'	'
Derivatives, Assets	'	'
Gross Amounts of Recognized Assets	$1,132	$1,164
Net Amounts of Assets Presented	1,132	1,164
Gross Amounts Not Offset in the Statement of Financial Position	'	'
Financial Instruments	366	338
Net Amount	766	826
Total	'	'
Gross Amounts of Recognized Assets	1,132	1,164
Net Amounts of Assets Presented	1,132	1,164
Gross Amounts Not Offset in the Statement of Financial Position	'	'
Financial Instruments	366	338
Net Amount	766	826
Derivatives, Liabilities	'	'
Gross Amounts of Recognized Liabilities	-2,942	-2,907
Derivatives instruments	-2,942	-2,907
Gross Amounts Not Offset in the Statement of Financial Position	'	'
Financial Instruments	-366	-338
Net Amount	-2,576	-2,569
Total	'	'
Gross Amounts of Recognized Liabilities	-2,942	-2,907
Net Amounts of Liabilities Presented	-2,942	-2,907
Gross Amounts Not Offset in the Statement of Financial Position	'	'
Financial Instruments	-366	-338
Net Amount	-2,576	-2,569
Grand Total	'	'
Gross Amounts of Assets (Liabilities)	-1,810	-1,743
Net Amounts of Assets (Liabilities) Presented	-1,810	-1,743
Gross Amounts Not Offset in the Statement of Financial Position	'	'
Net Amount	-1,810	-1,743
Consolidated Funds	'	'
Derivatives, Assets	'	'
Gross Amounts of Recognized Assets	54,171	27,081
Gross Amounts Offset in Assets	45,210	12,456
Net Amounts of Assets Presented	8,961	14,625
Gross Amounts Not Offset in the Statement of Financial Position	'	'
Financial Instruments	5,271	9,642
Cash Collateral Received	1,746	4,675
Net Amount	1,944	308
Reverse repurchase, securities borrowing, and similar arrangements	'	'
Gross Amounts of Recognized Assets	'	1,695
Net Amounts of Assets Presented	'	1,695
Net Amount	'	1,695
Total	'	'
Gross Amounts of Recognized Assets	54,171	28,776
Gross Amounts Offset in Assets	45,210	12,456
Net Amounts of Assets Presented	8,961	16,320
Gross Amounts Not Offset in the Statement of Financial Position	'	'
Financial Instruments	5,271	9,642
Cash Collateral Received	1,746	4,675
Net Amount	1,944	2,003
Derivatives, Liabilities	'	'
Gross Amounts of Recognized Liabilities	-98,853	-87,571
Gross Amounts Offset in Liabilities	-45,210	-12,456
Derivatives instruments	-53,643	-75,115
Gross Amounts Not Offset in the Statement of Financial Position	'	'
Financial Instruments	-5,481	-9,642
Cash Collateral Pledged	-36,540	-42,903
Net Amount	-11,622	-22,570
Total	'	'
Gross Amounts of Recognized Liabilities	-98,853	-87,571
Gross Amounts Offset in Liabilities	-45,210	-12,456
Net Amounts of Liabilities Presented	-53,643	-75,115
Gross Amounts Not Offset in the Statement of Financial Position	'	'
Financial Instruments	-5,481	-9,642
Cash Collateral Pledged	-36,540	-42,903
Net Amount	-11,622	-22,570
Grand Total	'	'
Gross Amounts of Assets (Liabilities)	-44,682	-58,795
Net Amounts of Assets (Liabilities) Presented	-44,682	-58,795
Gross Amounts Not Offset in the Statement of Financial Position	'	'
Financial Instruments	-210	'
Cash Collateral Received (Pledged)	-34,794	-38,228
Net Amount	($9,678)	($20,567)

DEBT_Details

DEBT (Details) (USD $)

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

Jul. 01, 2013

Mar. 31, 2014

Jul. 02, 2014

Mar. 31, 2014

Jul. 02, 2014

Jul. 02, 2014

Jul. 01, 2013

Jul. 02, 2014

Jul. 01, 2013

Dec. 18, 2012

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

Dec. 18, 2012

Dec. 18, 2012

Ares Holdings, Inc. and Ares Investments LLC

Ares Holdings, Inc. and Ares Investments LLC

Ares Holdings, Inc. and Ares Investments LLC

Ares Holdings, Inc. and Ares Investments LLC

Ares Holdings, Inc. and Ares Investments LLC

Ares Holdings, Inc. and Ares Investments LLC

Ares Holdings, Inc. and Ares Investments LLC

Ares Holdings, Inc. and Ares Investments LLC

Ares Holdings, Inc. and Ares Investments LLC

Ares Holdings, Inc. and Ares Investments LLC

Ares Holdings, Inc. and Ares Investments LLC

Ares Holdings, Inc. and Ares Investments LLC

Ares Holdings, Inc. and Ares Investments LLC

Ares Holdings, Inc. and Ares Investments LLC

Ares Holdings, Inc. and Ares Investments LLC

AHI

AHI

AHI

AHI

AHI

AHI

AHI

Credit facility

Credit facility

Credit facility

Credit facility

Promissory notes

Promissory notes

Promissory notes

Promissory notes

Promissory notes

Promissory notes

Promissory notes

Promissory notes

Promissory notes

Term note

Term note

Term note

Term note

Term note

Term note

Term note

Interest expense

Interest expense

AREA

AREA

AREA

AREA

LIBOR

Promissory note, one

Promissory note, one

Promissory note, two

Promissory note, two

Secured debt

Secured debt

Secured debt

Secured debt

Secured debt

Secured debt

Secured debt

item

Forecast

Interest expense

AREA

Forecast

AREA

Forecast

AREA

item

Interest expense

Interest expense

LIBOR

Prime Rate

item

Forecast

DEBT

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Face amount

'

'

'

'

'

'

'

'

'

'

'

'

$13,700,000

'

$7,200,000

$55,000,000

'

'

'

'

'

'

Interest rate basis

'

'

'

'

'

'

'

'

'

'

'LIBOR

'

'

'

'

'

'

'

'

'

'LIBOR

'Prime Rate

Interest rate spread (as a percent)

'

'

'

'

'

'

'

'

'

'

4.00%

'

'

'

'

'

'

'

'

'

1.75%

0.75%

Floor interest rate (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1.50%

'

'

'

'

'

'

Number of consecutive quarterly installments

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

7

'

'

'

'

'

Amount outstanding

172,119,000

153,119,000

151,300,000

121,300,000

'

'

'

20,900,000

'

'

'

'

'

'

'

'

0

11,000,000

'

'

'

'

Interest expense

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

100,000

1,600,000

'

'

Number of debt instruments

'

'

'

'

'

'

2

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of former partners with whom debt is entered into

'

'

'

'

'

'

2

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of equal consecutive principal payments

'

'

'

'

'

'

'

'

3

'

'

'

'

'

'

'

'

'

'

'

'

'

Principal payments

'

'

'

'

'

'

'

'

'

'

'

4,600,000

'

2,400,000

'

'

'

'

'

'

'

'

Accrued interest

'

'

'

'

$200,000

$400,000

'

'

'

$100,000

'

'

'

'

'

'

'

'

'

'

'

'

DEBT_Details_2

DEBT (Details 2) (Consolidated Funds, USD $)	3 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
DEBT	'	'
Market Value	$11,275,857	$11,774,157
Outstanding Loan	12,045,909	12,427,896
Senior secured notes	'	'
DEBT	'	'
Borrowing Outstanding	10,556,804	10,967,524
Market Value	10,239,074	10,679,878
Weighted Average Remaining Maturity In Years	'8 years 9 months 22 days	'8 years 11 months 1 day
Weighted average interest rate (as a percent)	2.35%	2.36%
Subordinated notes / preferred shares	'	'
DEBT	'	'
Borrowing Outstanding	1,367,796	1,325,446
Market Value	917,275	962,098
Weighted Average Remaining Maturity In Years	'7 years 8 months 12 days	'8 years 7 months 20 days
Notes payable	'	'
DEBT	'	'
Borrowing Outstanding	11,924,600	12,292,970
Market Value	11,156,349	11,641,976
Line of credit | Revolving credit line	'	'
DEBT	'	'
Market Value	119,508	132,181
Outstanding Loan	121,309	134,926
Line of credit | Revolving credit line | Revolving credit line with maturity 04/16/21	'	'
DEBT	'	'
Market Value	48,184	48,119
Total Facility (Capacity)	48,949	48,949
Outstanding Loan	48,949	48,949
Effective rate (as a percent)	0.42%	0.43%
Line of Credit Facility, Commitment Fee Percentage	0.17%	0.17%
Line of credit | Revolving credit line | Revolving credit line with maturity 02/24/18	'	'
DEBT	'	'
Market Value	'	1,034
Total Facility (Capacity)	1,035	1,035
Outstanding Loan	'	1,035
Effective rate (as a percent)	0.51%	0.51%
Line of Credit Facility, Commitment Fee Percentage	0.19%	0.19%
Line of credit | Revolving credit line | Revolving credit line with maturity 03/12/18	'	'
DEBT	'	'
Market Value	13,728	23,351
Total Facility (Capacity)	13,808	23,567
Outstanding Loan	13,808	23,567
Effective rate (as a percent)	0.51%	0.52%
Line of Credit Facility, Commitment Fee Percentage	0.18%	0.18%
Line of credit | Revolving credit line | Revolving credit line with maturity 10/11/21	'	'
DEBT	'	'
Market Value	47,553	46,812
Total Facility (Capacity)	48,510	48,510
Outstanding Loan	48,510	48,510
Effective rate (as a percent)	0.44%	0.45%
Line of Credit Facility, Commitment Fee Percentage	0.17%	0.17%
Line of credit | Revolving credit line | Revolving credit line with maturity 01/26/20	'	'
DEBT	'	'
Market Value	10,043	12,865
Total Facility (Capacity)	10,043	12,865
Outstanding Loan	$10,042	$12,865
Effective rate (as a percent)	0.52%	0.52%
Line of Credit Facility, Commitment Fee Percentage	0.14%	0.14%

DEBT_Details_3

DEBT (Details 3) (Consolidated Funds)

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2014

Dec. 31, 2013

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

In Thousands, unless otherwise specified

USD ($)

USD ($)

Line of credit

Line of credit

Line of credit

Line of credit

Line of credit

Line of credit

Line of credit

Line of credit

Line of credit

Line of credit

Line of credit

Line of credit

Notes payable

Notes payable

Notes payable

Notes payable

Line of credit

Line of credit

Line of credit

Line of credit

Line of credit

Line of credit

Line of credit

Line of credit

Line of credit

Line of credit

Line of credit

Line of credit

Line of credit

Line of credit

Loan payable

Loan payable

Loan payable

Loan payable

Loan payable

Loan payable

Revolving bank credit facility

Revolving bank credit facility

Revolving bank credit facility

Revolving bank credit facility

Revolving bank credit facility

Revolving bank credit facility

Revolving bank credit facility

Revolving bank credit facility

Revolving bank credit facility

Revolving bank credit facility

Revolving bank credit facility

Revolving bank credit facility

Notes payable, one

Notes payable, one

Notes payable, two

Notes payable, two

Revolving bank credit facility

Revolving bank credit facility

Revolving bank credit facility

Revolving bank credit facility

Revolving bank credit facility

Revolving bank credit facility

Revolving bank credit facility

Revolving bank credit facility

Revolving bank credit facility

Revolving bank credit facility

Revolving bank credit facility

Revolving bank credit facility

Revolving bank credit facility

Revolving bank credit facility

Term loan

Term loan

Term loan

Term loan

Term loan

Term loan

Credit facility with maturity 01/15/16

Credit facility with maturity 01/15/16

Credit facility with maturity 01/15/16

Credit facility with maturity 01/15/16

Credit facility with maturity 01/15/16

Credit facility with maturity 01/15/16

Credit facility with maturity 10/15/15

Credit facility with maturity 10/15/15

Credit facility with maturity 10/15/15

Credit facility with maturity 10/15/15

Credit facility with maturity 08/16/19

Credit facility with maturity 08/16/19

USD ($)

USD ($)

USD ($)

USD ($)

Credit facility with maturity 06/06/14

Credit facility with maturity 06/06/14

Credit facility with maturity 06/06/14

Credit facility with maturity 06/06/14

Credit facility with maturity 06/13/14

Credit facility with maturity 06/13/14

Credit facility with maturity 06/30/14

Credit facility with maturity 06/30/14

Credit facility with maturity 06/30/14

Credit facility with maturity 06/30/14

Credit facility with maturity 07/19/14

Credit facility with maturity 07/19/14

Credit facility with maturity 07/19/14

Credit facility with maturity 07/19/14

USD ($)

USD ($)

LIBOR

LIBOR

LIBOR

LIBOR

USD ($)

GBP (£)

USD ($)

GBP (£)

LIBOR

LIBOR

USD ($)

USD ($)

LIBOR

LIBOR

EUR (€)

LIBOR

USD ($)

USD ($)

LIBOR

LIBOR

USD ($)

LIBOR

USD ($)

USD ($)

LIBOR

LIBOR

USD ($)

USD ($)

LIBOR

LIBOR

Minimum

Minimum

Maximum

Maximum

DEBT

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total Facility (Capacity)

'

'

'

£ 100,182

'

£ 186,290

'

'

$523,400

$532,350

'

'

€ 200,000

'

'

'

'

'

$40,000

$40,000

'

'

$116,841

'

$100,000

$100,000

'

'

$35,000

$35,000

'

'

$1,805,000

$1,805,000

'

'

'

'

Total Facility (Capacity)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

46,733

46,733

114,048

114,048

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Short term borrowings, Outstanding Loan

1,022,078

1,172,526

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

35,000

35,000

'

'

987,078

1,137,526

'

'

'

'

Long term borrowings, Outstanding Loan

747,659

898,072

167,014

'

308,477

'

'

'

523,400

532,350

'

'

'

'

16,644

16,644

40,601

40,601

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Outstanding Loan

$1,769,737

$2,070,598

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Effective rate basis

'

'

'

'

'

'

'LIBOR

'LIBOR

'

'

'LIBOR

'LIBOR

'

'LIBOR

'

'

'

'

'

'

'LIBOR

'LIBOR

'

'LIBOR

'

'

'LIBOR

'LIBOR

'

'

'LIBOR

'LIBOR

'

'

'One Month LIBOR

'One Month LIBOR

'Three Month LIBOR

'Three Month LIBOR

Effective rate spread (as a percent)

'

'

'

'

'

'

1.85%

1.85%

'

'

2.20%

2.20%

'

3.00%

'

'

'

'

'

'

1.75%

1.75%

'

2.00%

'

'

2.00%

2.00%

'

'

0.50%

0.50%

'

'

0.35%

0.35%

0.90%

0.90%

Effective rate (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1.93%

1.93%

1.93%

1.93%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Commitment Fee (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

0.38%

'

'

'

'

'

0.25%

0.25%

'

'

0.38%

'

0.75%

0.75%

'

'

0.50%

0.50%

'

'

0.50%

0.50%

'

'

'

'

DEBT_Details_4

DEBT (Details 4) (Consolidated Funds, USD $)	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2014
In Thousands, unless otherwise specified			Mezzanine debt	Mezzanine debt	Mezzanine debt
					Minimum
DEBT	'	'	'	'	'
Term of prior written notice to cause holders to redeem notes	'	'	'	'	'5 years
Term of prior written notice for withdrawal of note	'	'	'	'	'30 days
Outstanding loan obligations	$327,892	$323,164	$327,900	$323,200	'

REDEEMABLE_AND_NON_CONTROLLING1

REDEEMABLE AND NON CONTROLLING INTERESTS (Details) (USD $)	3 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Ares Holdings, Inc. and Ares Investments LLC	'	'
Redeemable interests	'	'
Balance at the end of period	$43,587	$40,751
Consolidated Funds	'	'
Redeemable interests	'	'
Balance at the beginning of period	1,093,770	1,100,108
Net income attributable to redeemable, non controlling interests	37,048	137,924
Contributions from redeemable, non controlling interests	41,655	'
Distributions to redeemable, non controlling interests	-52,888	-143,378
Currency translation adjustment attributable to redeemable, non controlling interests	'	-884
Balance at the end of period	1,119,585	1,093,770
Consolidated subsidiaries	'	'
Redeemable interests	'	'
Balance at the beginning of period	40,751	30,488
Net income attributable to redeemable, non controlling interests	406	2,451
Contributions from redeemable, non controlling interests	'	3,712
Distributions to redeemable, non controlling interests	-417	-4,641
Currency translation adjustment attributable to redeemable, non controlling interests	3	13
Revaluation of redeemable interest	1,638	8,437
Equity compensation	1,206	291
Balance at the end of period	$43,587	$40,751

REDEEMABLE_AND_NON_CONTROLLING2

REDEEMABLE AND NON CONTROLLING INTERESTS (Details 2) (USD $)

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2014

In Thousands, unless otherwise specified

AHI, AI and consolidated subsidiaries

AHI, AI and consolidated subsidiaries

AHI, AI and consolidated subsidiaries

AHI, AI and consolidated subsidiaries

AHI, AI and consolidated subsidiaries

AHI, AI and consolidated subsidiaries

Non-Controlling interest in AHI, AI and consolidated subsidiaries

Non-Controlling interest in AHI, AI and consolidated subsidiaries

Non-Controlling interest in AHI, AI and consolidated subsidiaries

Non-Controlling interest in AHI, AI and consolidated subsidiaries

Non-Controlling interest in AHI, AI and consolidated subsidiaries

Non-Controlling interest in AHI, AI and consolidated subsidiaries

Non controlling interest in AHI, AI and consolidated subsidiaries

Members' Equity

Additional Paid in Capital

Retained Earnings

Members' Equity

Common Stock

Common Stock

Additional Paid in Capital

Retained Earnings

Accumulated Other Comprehensive Income (Loss)

Non controlling interest

'

'

'

'

'

'

'

'

'

'

'

'

Balance at the beginning of period

$178,543

$167,731

$167,731

'

'

'

$109,992

$0

$0

$57,842

($417)

$314

Distributions

'

'

-2,802

-1,514

-25,915

'

-2,802

'

'

'

'

'

Net income

'

'

12,936

'

'

'

11,017

'

'

'

1,919

'

Revaluation of redeemable equity

'

'

-395

-259

'

-984

-165

'

'

'

-230

'

Currency translation adjustment

'

'

79

'

'

'

'

'

'

'

'

79

Equity compensation

'

'

994

46

3,093

'

271

'

'

723

'

'

Balance at the end of period

$178,543

$167,731

$178,543

'

'

'

$118,313

$0

$0

$58,565

$1,272

$393

COMMITMENTS_AND_CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES (Details) (Ares Holdings, Inc. and Ares Investments LLC, Performance Fees, USD $)	Mar. 31, 2014	Dec. 31, 2013
Ares Holdings, Inc. and Ares Investments LLC | Performance Fees	'	'
COMMITMENTS AND CONTINGENCIES	'	'
Assumed investments value for clawback obligation	$0	$0
Performance fees subject to potential clawback provision	565,200,000	608,500,000
Performance fees subject to potential claw back provision that are reimbursable by professionals	$454,600,000	$489,800,000

RELATED_PARTY_TRANSACTIONS_Det

RELATED PARTY TRANSACTIONS (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Ares Holdings, Inc. and Ares Investments LLC	'	'
Due from affiliates:	'	'
Due from affiliates	$119,330	$108,920
Due to affiliates:	'	'
Due to affiliates	23,312	32,690
Ares Holdings, Inc. and Ares Investments LLC | Affiliates	'	'
Due from affiliates:	'	'
Management fees receivable from non consolidated funds	97,853	91,917
Payments made on behalf of non consolidated funds	21,477	17,003
Due to affiliates:	'	'
Management fee rebate payable to non consolidated funds	12,183	28,715
Payments made by non consolidated funds on behalf of Company	11,129	3,975
Consolidated Funds	'	'
Due from affiliates:	'	'
Due from affiliates	9,930	2,010
Due to affiliates:	'	'
Due to affiliates	2,530	2,695
Consolidated Funds | Affiliates	'	'
Due from affiliates:	'	'
Due from affiliates	9,930	2,010
Due to affiliates:	'	'
Due to affiliates	$2,530	$2,695

INCOME_TAXES_Details

INCOME TAXES (Details) (Ares Holdings, Inc. and Ares Investments LLC and Consolidated Funds, USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Ares Holdings, Inc. and Ares Investments LLC and Consolidated Funds	'	'
Income taxes	'	'
Income tax expense (benefit)	($6,695)	$24,450

SEGMENT_REPORTING_Details

SEGMENT REPORTING (Details) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
	item
Management fees	'	'	'
Total assets	$1,000	'	$1,000
Ares Holdings, Inc. and Ares Investments LLC and Consolidated Funds	'	'	'
Segment reporting	'	'	'
Number operating segments	4	'	'
Management fees	'	'	'
Total management fees	110,549,000	78,394,000	'
Net investment income (loss)	325,177,000	353,114,000	'
Economic net income	274,675,000	247,584,000	'
Total assets	22,035,501,000	25,227,756,000	23,705,384,000
Ares Holdings, Inc. and Ares Investments LLC and Consolidated Funds | Affiliated entity | ARCC	'	'	'
Management fees	'	'	'
Total management fees	28,318,000	23,836,000	'
Ares Holdings, Inc. and Ares Investments LLC and Consolidated Funds | Private Equity Group	'	'	'
Segment reporting	'	'	'
Assets under management	9,800,000,000	'	'
Number of investment funds	5	'	'
Ares Holdings, Inc. and Ares Investments LLC and Consolidated Funds | Direct Lending Group	'	'	'
Segment reporting	'	'	'
Assets under management	27,600,000,000	'	'
Number of investment funds	30	'	'
Prior period within which group launched inaugural vehicle	'10 years	'	'
Ares Holdings, Inc. and Ares Investments LLC and Consolidated Funds | Direct Lending Group | Affiliated entity | ARCC	'	'	'
Management fees	'	'	'
Recurring fees (includes, in the case of the Direct Lending Group, $28,318 and $23,836 of ARCC Part I Fees as of March 31, 2014 and 2013)	28,318,000	23,836,000	'
Ares Holdings, Inc. and Ares Investments LLC and Consolidated Funds | Tradable Credit Group	'	'	'
Segment reporting	'	'	'
Assets under management	31,400,000,000	'	'
Number of investment funds	70	'	'
Ares Holdings, Inc. and Ares Investments LLC and Consolidated Funds | Real Estate Group	'	'	'
Segment reporting	'	'	'
Assets under management	8,300,000,000	'	'
Mortgage loans	5,200,000,000	'	'
Ares Holdings, Inc. and Ares Investments LLC and Consolidated Funds | Operating segment	'	'	'
Management fees	'	'	'
Recurring fees (includes, in the case of the Direct Lending Group, $28,318 and $23,836 of ARCC Part I Fees as of March 31, 2014 and 2013)	139,861,000	107,491,000	'
Previously deferred fees	'	1,139,000	'
Total management fees	139,861,000	108,630,000	'
Administrative fees and other income	1,473,000	205,000	'
General, administrative and other expenses	-11,877,000	-7,773,000	'
Compensation and benefits	-62,697,000	-45,833,000	'
Fee related earnings (loss)	66,760,000	55,229,000	'
Performance fees-realized	23,338,000	18,050,000	'
Performance fees-unrealized	40,092,000	81,363,000	'
Performance fee compensation expense-realized	-16,007,000	-7,245,000	'
Performance fee compensation expense-unrealized	-24,718,000	-55,757,000	'
Net performance fees	22,705,000	36,411,000	'
Investment income (loss)-realized	19,282,000	19,577,000	'
Investment income (loss)-unrealized	2,952,000	3,350,000	'
Interest and other income	3,145,000	1,908,000	'
Interest expense	-1,639,000	-2,425,000	'
Net investment income (loss)	23,740,000	22,410,000	'
Performance related earnings	46,445,000	58,821,000	'
Economic net income	113,205,000	114,050,000	'
Distributable earnings (loss)	92,059,000	83,279,000	'
Total assets	1,396,419,000	1,329,285,000	'
Ares Holdings, Inc. and Ares Investments LLC and Consolidated Funds | Operating segment | Private Equity Group	'	'	'
Management fees	'	'	'
Recurring fees (includes, in the case of the Direct Lending Group, $28,318 and $23,836 of ARCC Part I Fees as of March 31, 2014 and 2013)	23,196,000	23,543,000	'
Total management fees	23,196,000	23,543,000	'
Administrative fees and other income	76,000	117,000	'
General, administrative and other expenses	-2,000,000	-2,238,000	'
Compensation and benefits	-8,195,000	-6,596,000	'
Fee related earnings (loss)	13,077,000	14,826,000	'
Performance fees-realized	13,086,000	9,012,000	'
Performance fees-unrealized	21,341,000	25,513,000	'
Performance fee compensation expense-realized	-10,472,000	-7,209,000	'
Performance fee compensation expense-unrealized	-16,912,000	-20,269,000	'
Net performance fees	7,043,000	7,047,000	'
Investment income (loss)-realized	1,131,000	926,000	'
Investment income (loss)-unrealized	15,156,000	2,424,000	'
Interest and other income	2,785,000	406,000	'
Interest expense	-623,000	-919,000	'
Net investment income (loss)	18,449,000	2,837,000	'
Performance related earnings	25,492,000	9,884,000	'
Economic net income	38,569,000	24,710,000	'
Distributable earnings (loss)	18,698,000	16,752,000	'
Total assets	477,710,000	407,526,000	'
Ares Holdings, Inc. and Ares Investments LLC and Consolidated Funds | Operating segment | Direct Lending Group	'	'	'
Management fees	'	'	'
Recurring fees (includes, in the case of the Direct Lending Group, $28,318 and $23,836 of ARCC Part I Fees as of March 31, 2014 and 2013)	66,204,000	51,450,000	'
Total management fees	66,204,000	51,450,000	'
Administrative fees and other income	90,000	83,000	'
General, administrative and other expenses	-1,914,000	-1,802,000	'
Compensation and benefits	-32,212,000	-26,902,000	'
Fee related earnings (loss)	32,168,000	22,829,000	'
Performance fees-realized	39,000	'	'
Performance fees-unrealized	2,292,000	1,499,000	'
Performance fee compensation expense-realized	-29,000	'	'
Performance fee compensation expense-unrealized	-1,451,000	-823,000	'
Net performance fees	851,000	676,000	'
Investment income (loss)-realized	-597,000	-825,000	'
Investment income (loss)-unrealized	1,524,000	3,839,000	'
Interest and other income	98,000	1,151,000	'
Interest expense	-304,000	-637,000	'
Net investment income (loss)	721,000	3,528,000	'
Performance related earnings	1,572,000	4,204,000	'
Economic net income	33,740,000	27,033,000	'
Distributable earnings (loss)	31,158,000	22,342,000	'
Total assets	195,543,000	211,238,000	'
Ares Holdings, Inc. and Ares Investments LLC and Consolidated Funds | Operating segment | Tradable Credit Group	'	'	'
Management fees	'	'	'
Recurring fees (includes, in the case of the Direct Lending Group, $28,318 and $23,836 of ARCC Part I Fees as of March 31, 2014 and 2013)	33,693,000	30,031,000	'
Previously deferred fees	'	1,139,000	'
Total management fees	33,693,000	31,170,000	'
Administrative fees and other income	17,000	'	'
General, administrative and other expenses	-3,696,000	-2,475,000	'
Compensation and benefits	-10,805,000	-8,767,000	'
Fee related earnings (loss)	19,209,000	19,928,000	'
Performance fees-realized	10,213,000	9,038,000	'
Performance fees-unrealized	13,509,000	54,351,000	'
Performance fee compensation expense-realized	-5,506,000	-36,000	'
Performance fee compensation expense-unrealized	-6,355,000	-34,665,000	'
Net performance fees	11,861,000	28,688,000	'
Investment income (loss)-realized	18,018,000	19,513,000	'
Investment income (loss)-unrealized	-12,866,000	-3,961,000	'
Interest and other income	251,000	312,000	'
Interest expense	-387,000	-656,000	'
Net investment income (loss)	5,016,000	15,208,000	'
Performance related earnings	16,877,000	43,896,000	'
Economic net income	36,086,000	63,824,000	'
Distributable earnings (loss)	40,704,000	47,607,000	'
Total assets	555,851,000	656,974,000	'
Ares Holdings, Inc. and Ares Investments LLC and Consolidated Funds | Operating segment | Real Estate Group	'	'	'
Management fees	'	'	'
Recurring fees (includes, in the case of the Direct Lending Group, $28,318 and $23,836 of ARCC Part I Fees as of March 31, 2014 and 2013)	16,768,000	2,467,000	'
Total management fees	16,768,000	2,467,000	'
Administrative fees and other income	1,290,000	5,000	'
General, administrative and other expenses	-4,267,000	-1,258,000	'
Compensation and benefits	-11,485,000	-3,568,000	'
Fee related earnings (loss)	2,306,000	-2,354,000	'
Performance fees-unrealized	2,950,000	'	'
Net performance fees	2,950,000	'	'
Investment income (loss)-realized	730,000	-37,000	'
Investment income (loss)-unrealized	-862,000	1,048,000	'
Interest and other income	11,000	39,000	'
Interest expense	-325,000	-213,000	'
Net investment income (loss)	-446,000	837,000	'
Performance related earnings	2,504,000	837,000	'
Economic net income	4,810,000	-1,517,000	'
Distributable earnings (loss)	1,499,000	-3,422,000	'
Total assets	167,315,000	53,547,000	'
Ares Holdings, Inc. and Ares Investments LLC and Consolidated Funds | OMG	'	'	'
Segment reporting	'	'	'
Number of independent shared resource groups to support entity's operating segments	5	'	'
Management fees	'	'	'
Administrative fees and other income	5,392,000	4,455,000	'
General, administrative and other expenses	-13,535,000	-5,554,000	'
Compensation and benefits	-27,657,000	-19,082,000	'
Fee related earnings (loss)	-35,800,000	-20,181,000	'
Economic net income	-35,800,000	-20,181,000	'
Distributable earnings (loss)	-37,512,000	-20,472,000	'
Total assets	10,437,000	9,444,000	'
Ares Holdings, Inc. and Ares Investments LLC and Consolidated Funds | Stand Alone	'	'	'
Management fees	'	'	'
Recurring fees (includes, in the case of the Direct Lending Group, $28,318 and $23,836 of ARCC Part I Fees as of March 31, 2014 and 2013)	139,861,000	107,491,000	'
Previously deferred fees	'	1,139,000	'
Total management fees	139,861,000	108,630,000	'
Administrative fees and other income	6,865,000	4,660,000	'
General, administrative and other expenses	-25,412,000	-13,327,000	'
Compensation and benefits	-90,354,000	-64,915,000	'
Fee related earnings (loss)	30,960,000	35,048,000	'
Performance fees-realized	23,338,000	18,050,000	'
Performance fees-unrealized	40,092,000	81,363,000	'
Performance fee compensation expense-realized	-16,007,000	-7,245,000	'
Performance fee compensation expense-unrealized	-24,718,000	-55,757,000	'
Net performance fees	22,705,000	36,411,000	'
Investment income (loss)-realized	19,282,000	19,577,000	'
Investment income (loss)-unrealized	2,952,000	3,350,000	'
Interest and other income	3,145,000	1,908,000	'
Interest expense	-1,639,000	-2,425,000	'
Net investment income (loss)	23,740,000	22,410,000	'
Performance related earnings	46,445,000	58,821,000	'
Economic net income	77,405,000	93,869,000	'
Distributable earnings (loss)	54,547,000	62,807,000	'
Total assets	$1,406,856,000	$1,338,729,000	'

SEGMENT_REPORTING_Details_2

SEGMENT REPORTING (Details 2) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Reconcile segment results to the Company's income before taxes and total assets	'	'	'
Total assets	$1,000	'	$1,000
Ares Holdings, Inc. and Ares Investments LLC and Consolidated Funds	'	'	'
Reconcile segment results to the Company's income before taxes and total assets	'	'	'
Revenues	133,628,000	107,537,000	'
Expenses	184,130,000	213,067,000	'
Other income	325,177,000	353,114,000	'
Economic net income / Income before taxes	274,675,000	247,584,000	'
Total assets	22,035,501,000	25,227,756,000	23,705,384,000
Ares Holdings, Inc. and Ares Investments LLC and Consolidated Funds | Operating segment	'	'	'
Reconcile segment results to the Company's income before taxes and total assets	'	'	'
Revenues	204,764,000	208,248,000	'
Expenses	115,299,000	116,608,000	'
Other income	23,740,000	22,410,000	'
Economic net income / Income before taxes	113,205,000	114,050,000	'
Total assets	1,396,419,000	1,329,285,000	'
Ares Holdings, Inc. and Ares Investments LLC and Consolidated Funds | Reconciling items	'	'	'
Reconcile segment results to the Company's income before taxes and total assets	'	'	'
Revenues	-71,136,000	-100,711,000	'
Expenses	68,831,000	96,459,000	'
Other income	301,437,000	330,704,000	'
Economic net income / Income before taxes	161,470,000	133,534,000	'
Total assets	$20,639,082,000	$23,898,471,000	'

SEGMENT_REPORTING_Details_3

SEGMENT REPORTING (Details 3) (Ares Holdings, Inc. and Ares Investments LLC and Consolidated Funds, USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Segment revenues	'	'
Management fees	$110,549	$78,394
Total revenues	133,628	107,537
Segment expenses	'	'
Total expenses	184,130	213,067
Segment other income	'	'
Net investment income	325,177	353,114
Operating segment	'	'
Segment revenues	'	'
Management fees	139,861	108,630
Administrative fees and other income	1,473	205
Performance fees-realized	23,338	18,050
Performance fees-unrealized	40,092	81,363
Total revenues	204,764	208,248
Segment expenses	'	'
Compensation and benefits	62,697	45,833
General, administrative and other expenses	11,877	7,773
Performance fee compensation expense-realized	16,007	7,245
Performance fee compensation expense-unrealized	24,718	55,757
Total expenses	115,299	116,608
Segment other income	'	'
Investment income (loss)-realized	19,282	19,577
Investment income (loss)-unrealized	2,952	3,350
Interest and other income	3,145	1,908
Interest expense	-1,639	-2,425
Net investment income	$23,740	$22,410

SEGMENT_REPORTING_Details_4

SEGMENT REPORTING (Details 4) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Ares Holdings, Inc. and Ares Investments LLC and Consolidated Funds	'	'
Revenue adjustment	'	'
Revenues	$133,628	$107,537
Ares Holdings, Inc. and Ares Investments LLC and Consolidated Funds | Reconciling items	'	'
Revenue adjustment	'	'
Revenues	-71,136	-100,711
Ares Holdings, Inc. and Ares Investments LLC and Consolidated Funds | Reconciling items | AREA Sponsor Holdings LLC	'	'
Revenue adjustment	'	'
Performance fee reclass	-2,950	'
Ares Holdings, Inc. and Ares Investments LLC and Consolidated Funds | OMG	'	'
Revenue adjustment	'	'
Administrative fees and other income	5,392	4,455
Consolidated Funds | Eliminations	'	'
Revenue adjustment	'	'
Revenues	($73,578)	($105,166)

SEGMENT_REPORTING_Details_5

SEGMENT REPORTING (Details 5) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Ares Holdings, Inc. and Ares Investments LLC and Consolidated Funds	'	'
Expenses adjustment	'	'
Income tax expense	($6,695)	$24,450
Total expenses	184,130	213,067
Ares Holdings, Inc. and Ares Investments LLC and Consolidated Funds | Reconciling items	'	'
Expenses adjustment	'	'
Acquisition-related expenses	1,421	750
Equity compensation expense	5,339	6,310
Income tax expense	'	41
Placement fees and underwriting costs	1,052	82
Amortization of intangibles	8,831	2,299
Depreciation expense	2,059	1,233
Total expenses	68,831	96,459
Ares Holdings, Inc. and Ares Investments LLC and Consolidated Funds | OMG	'	'
Expenses adjustment	'	'
Total expenses	41,192	24,636
Consolidated Funds | Reconciling items	'	'
Expenses adjustment	'	'
Consolidated Fund expenses added in consolidation	40,637	122,345
Consolidated Fund expenses eliminated in consolidation	($31,700)	($61,237)

SEGMENT_REPORTING_Details_6

SEGMENT REPORTING (Details 6) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Ares Holdings, Inc. and Ares Investments LLC and Consolidated Funds	'	'
Other income adjustment	'	'
Net investment income	$325,177	$353,114
Ares Holdings, Inc. and Ares Investments LLC and Consolidated Funds | Reconciling items	'	'
Other income adjustment	'	'
Net investment income	301,437	330,704
Consolidated Funds | Reconciling items	'	'
Other income adjustment	'	'
Other income from Consolidated Funds eliminated in consolidation, net	-22,630	-12,985
Consolidated Funds other income added in consolidation, net	321,117	343,689
Consolidated Funds | Reconciling items | AREA Sponsor Holdings LLC	'	'
Other income adjustment	'	'
Performance fee reclass	$2,950	'

SEGMENT_REPORTING_Details_7

SEGMENT REPORTING (Details 7) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Ares Holdings, Inc. and Ares Investments LLC and Consolidated Funds	'	'
Economic net income	'	'
Income before taxes	$274,675	$247,584
Adjustments	'	'
Income tax expense	-6,695	24,450
Economic net income	274,675	247,584
Ares Holdings, Inc. and Ares Investments LLC and Consolidated Funds | Operating segment	'	'
Adjustments	'	'
Amortization of intangibles	8,831	2,299
Depreciation expense	2,059	1,233
Equity compensation expenses	5,339	6,310
Income tax expense	'	41
Acquisition-related expenses	1,421	750
Placement fees and underwriting costs	1,052	82
OMG expenses, net	-66,760	-55,229
Economic net income	113,205	114,050
Ares Holdings, Inc. and Ares Investments LLC and Consolidated Funds | OMG	'	'
Adjustments	'	'
OMG expenses, net	35,800	20,181
Economic net income	-35,800	-20,181
Consolidated Funds	'	'
Adjustments	'	'
Less: Net income attributable to non-controlling interests and redeemable non-controlling interests in Consolidated Funds	-225,181	-148,591
Consolidated Funds | Operating segment	'	'
Adjustments	'	'
Less: Net income attributable to non-controlling interests and redeemable non-controlling interests in Consolidated Funds	-225,181	-148,591
Income tax expense (benefit) of non-controlling interests in Consolidated Funds	$9,209	($15,839)

SEGMENT_REPORTING_Details_8

SEGMENT REPORTING (Details 8) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Ares Holdings, Inc. and Ares Investments LLC and Consolidated Funds	'	'
Fee related earnings	'	'
Income before taxes	$274,675	$247,584
Adjustments	'	'
Income tax expense	-6,695	24,450
Economic net income	274,675	247,584
Net investment income	-325,177	-353,114
Management fees	110,549	78,394
Ares Holdings, Inc. and Ares Investments LLC and Consolidated Funds | Operating segment	'	'
Adjustments	'	'
Amortization of intangibles	8,831	2,299
Depreciation expense	2,059	1,233
Equity compensation expenses	5,339	6,310
Income tax expense	'	41
Acquisition-related expenses	1,421	750
Placement fees and underwriting costs	1,052	82
Economic net income	113,205	114,050
Total performance fee income - realized	23,338	18,050
Total performance fee income - unrealized	40,092	81,363
Total performance fee expense - realized	-16,007	-7,245
Total performance fee expense - unrealized	-24,718	-55,757
Net investment income	-23,740	-22,410
Management fees	139,861	108,630
Administrative fees and other income	1,473	205
Compensation and benefits	-62,697	-45,833
General, administrative and other expenses	-11,877	-7,773
Fee related earnings	66,760	55,229
Ares Holdings, Inc. and Ares Investments LLC and Consolidated Funds | Reconciling items	'	'
Adjustments	'	'
Amortization of intangibles	8,831	2,299
Depreciation expense	2,059	1,233
Equity compensation expenses	5,339	6,310
Income tax expense	'	41
Acquisition-related expenses	1,421	750
Placement fees and underwriting costs	1,052	82
Economic net income	161,470	133,534
Net investment income	-301,437	-330,704
Ares Holdings, Inc. and Ares Investments LLC and Consolidated Funds | OMG	'	'
Adjustments	'	'
Economic net income	-35,800	-20,181
Administrative fees and other income	5,392	4,455
Compensation and benefits	-27,657	-19,082
General, administrative and other expenses	-13,535	-5,554
Fee related earnings	-35,800	-20,181
Consolidated Funds	'	'
Adjustments	'	'
Less: Net income attributable to non-controlling interests and redeemable non-controlling interests in Consolidated Funds	-225,181	-148,591
Consolidated Funds | Operating segment	'	'
Adjustments	'	'
Less: Net income attributable to non-controlling interests and redeemable non-controlling interests in Consolidated Funds	-225,181	-148,591
Income tax expense (benefit) of non-controlling interests in Consolidated Funds	$9,209	($15,839)

SEGMENT_REPORTING_Details_9

SEGMENT REPORTING (Details 9) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Ares Holdings, Inc. and Ares Investments LLC and Consolidated Funds	'	'
Performance Related Earnings:	'	'
Income before taxes	$274,675	$247,584
Adjustments	'	'
Income tax expense	-6,695	24,450
Economic net income	274,675	247,584
Total management fees	-110,549	-78,394
Net investment income	325,177	353,114
Ares Holdings, Inc. and Ares Investments LLC and Consolidated Funds | Operating segment	'	'
Adjustments	'	'
Amortization of intangibles	8,831	2,299
Depreciation expense	2,059	1,233
Equity compensation expenses	5,339	6,310
Income tax expense	'	41
Acquisition-related expenses	1,421	750
Placement fees and underwriting costs	1,052	82
OMG expenses, net	-66,760	-55,229
Economic net income	113,205	114,050
Total management fees	-139,861	-108,630
Administrative fees and other income	-1,473	-205
Compensation and benefits	62,697	45,833
General, administrative and other expenses	11,877	7,773
Total performance fee income - realized	-23,338	-18,050
Total performance fee income - unrealized	-40,092	-81,363
Total performance fee expense - realized	16,007	7,245
Total performance fee expense - unrealized	24,718	55,757
Net investment income	23,740	22,410
Performance related earnings	46,445	58,821
Ares Holdings, Inc. and Ares Investments LLC and Consolidated Funds | OMG	'	'
Adjustments	'	'
OMG expenses, net	35,800	20,181
Economic net income	-35,800	-20,181
Administrative fees and other income	-5,392	-4,455
Compensation and benefits	27,657	19,082
General, administrative and other expenses	13,535	5,554
Consolidated Funds	'	'
Adjustments	'	'
Less: Net income attributable to non-controlling interests and redeemable non-controlling interests in Consolidated Funds	-225,181	-148,591
Consolidated Funds | Operating segment	'	'
Adjustments	'	'
Less: Net income attributable to non-controlling interests and redeemable non-controlling interests in Consolidated Funds	-225,181	-148,591
Income tax expense (benefit) of non-controlling interests in Consolidated Funds	$9,209	($15,839)

SEGMENT_REPORTING_Details_10

SEGMENT REPORTING (Details 10) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Ares Holdings, Inc. and Ares Investments LLC and Consolidated Funds	'	'
Distributable Earnings	'	'
Income before taxes	$274,675	$247,584
Less:	'	'
Income tax expense	-6,695	24,450
Ares Holdings, Inc. and Ares Investments LLC and Consolidated Funds | Operating segment	'	'
Adjustments	'	'
Amortization of intangibles	8,831	2,299
Equity compensation expenses	5,339	6,310
Unrealized performance fee	-40,092	-81,363
Unrealized performance fee compensation expense	24,718	55,757
Unrealized investment and other loss	-2,952	-3,350
Distributable earnings (loss)	92,059	83,279
Fee related earnings (loss)	66,760	55,229
Performance fees-realized	23,338	18,050
Performance fee compensation expense-realized	-16,007	-7,245
Other income realized, net	20,788	19,060
Net performance fee - realized	28,119	29,865
Less:	'	'
One-time acquisition costs	'	-750
Income tax expense	'	41
Placement fees and underwriting costs	-1,052	-82
Non-cash depreciation and amortization	-1,768	-942
Distributable Earnings	92,059	83,279
Ares Holdings, Inc. and Ares Investments LLC and Consolidated Funds | OMG	'	'
Adjustments	'	'
Distributable earnings (loss)	-37,512	-20,472
Fee related earnings (loss)	-35,800	-20,181
Less:	'	'
Non-cash depreciation and amortization	-291	-291
Distributable Earnings	-37,512	-20,472
Consolidated Funds	'	'
Adjustments	'	'
Less: Net income attributable to non-controlling interests and redeemable non-controlling interests in Consolidated Funds	-225,181	-148,591
Consolidated Funds | Operating segment	'	'
Adjustments	'	'
Less: Net income attributable to non-controlling interests and redeemable non-controlling interests in Consolidated Funds	-225,181	-148,591
Income tax expense (benefit) of non-controlling interests in Consolidated Funds	$9,209	($15,839)

SEGMENT_REPORTING_Details_11

SEGMENT REPORTING (Details 11) (USD $)	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2013
Reconciliation of total segment assets to total assets	'	'	'
Total assets	$1,000	$1,000	'
Ares Holdings, Inc. and Ares Investments LLC and Consolidated Funds	'	'	'
Reconciliation of total segment assets to total assets	'	'	'
Total assets	22,035,501,000	23,705,384,000	25,227,756,000
Ares Holdings, Inc. and Ares Investments LLC and Consolidated Funds | Reconciling items	'	'	'
Reconciliation of total segment assets to total assets	'	'	'
Total assets	20,639,082,000	'	23,898,471,000
Ares Holdings, Inc. and Ares Investments LLC and Consolidated Funds | OMG	'	'	'
Reconciliation of total segment assets to total assets	'	'	'
Total assets	10,437,000	'	9,444,000
Consolidated Funds | Reconciling items	'	'	'
Reconciliation of total segment assets to total assets	'	'	'
Total assets from Consolidated Funds eliminated in consolidation	-791,639,000	'	-829,629,000
Total assets from Consolidated Funds added in consolidation	$21,420,284,000	'	$24,718,656,000

SUBSEQUENT_EVENTS_Details

SUBSEQUENT EVENTS (Details) (Subsequent event, USD $)

7-May-14

1-May-14

Jun. 04, 2014

7-May-14

Apr. 24, 2014

7-May-14

7-May-14

7-May-14

7-May-14

Apr. 04, 2014

7-May-14

Jun. 30, 2014

Ares Holdings, Inc. and Ares Investments LLC

Ares Holdings, Inc. and Ares Investments LLC

Ares Holdings, Inc. and Ares Investments LLC

Ares Holdings, Inc. and Ares Investments LLC

Ares Holdings, Inc. and Ares Investments LLC

Ares Holdings, Inc. and Ares Investments LLC

Ares Holdings, Inc. and Ares Investments LLC

AI

Alleghany

Affiliate of Company

Revolving credit facility

Revolving credit facility

Revolving credit facility

Ares Operating Group

Ares Operating Group

Keltic

Base rate

LIBOR

Subsequent events

'

'

'

'

'

'

'

'

'

'

'

'

Distributions made to members

'

'

'

'

$46,000,000

'

'

'

'

$150,000,000

'

'

Distributions made to members (as a percent)

'

'

'

'

85.00%

'

'

'

'

'

'

'

Number of common units Ares Owners Holdings, L.P. holds of Ares Management, L.P.

'

34,540,079

'

'

'

'

'

'

'

'

'

'

Number of common units AREC holds of Ares Management, L.P.

'

34,538,155

'

'

'

'

'

'

'

'

'

'

Ares Owners Holdings, L.P. direct ownership percentage of each of the Ares Operating Group Entities

'

59.21%

'

'

'

'

'

'

'

'

'

'

Number of partnership units Ares Owners Holdings, L.P. of each of the Ares Operating Group Entities

'

118,421,766

'

'

'

'

'

'

'

'

'

'

AREC direct interest percentage in Ares Operating Group Entities

'

0.00%

'

'

'

'

'

'

'

'

'

'

An affiliate of Alleghany Corporation direct ownership percentage of each of the Ares Operating Group Entities

'

6.25%

'

'

'

'

'

'

'

'

'

'

Number of Ares Operating Group Units an affiliate of Alleghany Corporation owns of each of the Ares Operating Group entities

'

12,500,000

'

'

'

'

'

'

'

'

'

'

Common units issued in IPO (in units)

'

'

'

11,363,636

'

'

'

'

'

'

'

'

Price per common units issued in IPO (in dollars per unit)

'

'

'

$19

'

'

'

'

'

'

'

'

Common units issued pursuant to over-allotment option (in units)

'

'

225,794

'

'

'

'

'

'

'

'

'

Price per common units issued pursuant to over-allotment option (in dollars per unit)

'

'

$19

'

'

'

'

'

'

'

'

'

Proceeds from IPO

'

'

209,200,000

'

'

'

'

'

'

'

'

'

Maximum ratio for exchange of units

'

'

'

'

'

'

'

'

4

'

0.5

'

Units conversion ratio

'

'

'

'

'

'

'

'

1

'

'

'

Ares Owners Holdings, L.P. ownership percentage of Ares Management, L.P.

42.82%

'

'

'

'

'

'

'

'

'

'

'

ADIA ownership percentage of Ares Management, L.P.

42.82%

'

'

'

'

'

'

'

'

'

'

'

Ares Owners Holdings, L.P. ownership percentage of Ares Operating Group

55.97%

'

'

'

'

'

'

'

'

'

'

'

Ownership percentage issued as part of the offering

14.37%

'

'

'

'

'

'

'

'

'

'

'

Ares Owners Holdings, L.P. direct and indirect ownership percentage of Ares Operating Group

72.29%

'

'

'

'

'

'

'

'

'

'

'

Alleghany ownership percentage of Ares Operating Group

5.91%

'

'

'

'

'

'

'

'

'

'

'

AREC indirect ownership percentage of Ares Operating Group

16.32%

'

'

'

'

'

'

'

'

'

'

'

Public's indirect ownership percentage of Ares Operating Group

5.48%

'

'

'

'

'

'

'

'

'

'

'

Ares Management, L.P. ownership percentage of Ares Holdings, Inc.

100.00%

'

'

'

'

'

'

'

'

'

'

'

Ares Management, L.P. ownership percentage of Ares Domestic Holdings, Inc.

100.00%

'

'

'

'

'

'

'

'

'

'

'

Ares Management, L.P. ownership percentage of Ares Offshore Holdings, Ltd. (Cayman)

100.00%

'

'

'

'

'

'

'

'

'

'

'

Ares Management, L.P. ownership percentage of Ares Real Estate Holdings, LLC

100.00%

'

'

'

'

'

'

'

'

'

'

'

Ares Management, L.P. ownership percentage of Ares Investments, L.P.

38.12%

'

'

'

'

'

'

'

'

'

'

'

Ares Holdings, Inc. ownership percentage of Ares Holdings, L.P.

38.12%

'

'

'

'

'

'

'

'

'

'

'

Ares Domestic Holdings, Inc. ownership percentage of Ares Domestic Holdings, L.P.

38.12%

'

'

'

'

'

'

'

'

'

'

'

Ares Offshore Holdings, Ltd (Cayman) ownership percentage of Ares Offshore Holdings, L.P. (Cayman)

38.12%

'

'

'

'

'

'

'

'

'

'

'

Ares Real Estate Holdings, LLC ownership percentage of Ares Real Estate Holdings, L.P.

38.12%

'

'

'

'

'

'

'

'

'

'

'

Offering related expenses except the underwriters' commissions

'

'

'

'

'

'

'

'

27,700,000

'

'

'

Maximum borrowing capacity

'

'

'

'

'

1,030,000,000

'

'

'

'

'

'

Variable rate basis

'

'

'

'

'

'

'base rate

'LIBOR

'

'

'

'

Interest rate margin (as a percent)

'

'

'

'

'

'

0.75%

1.75%

'

'

'

'

Unused commitment fees (as a percent)

'

'

'

'

'

0.25%

'

'

'

'

'

'

Repayment of balance under the credit facility from proceeds of the IPO

'

'

'

'

'

$163,300,000

'

'

'

'

'

'

Ownership interest acquired (as a percent)

'

'

'

'

'

'

'

'

'

'

'

100.00%

CONSOLIDATING_SCHEDULES_Detail

CONSOLIDATING SCHEDULES (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2013	Dec. 31, 2012
Assets	'	'	'	'
Total assets	$1,000	$1,000	'	'
Eliminations	'	'	'	'
Assets	'	'	'	'
Total assets	-791,639,000	-805,908,000	'	'
Liabilities	'	'	'	'
Total liabilities	-134,472,000	-158,278,000	'	'
Controlling interest in equity of AHI, AI and consolidated subsidiaries	'	'	'	'
Total equity	-657,167,000	-647,630,000	'	'
Total liabilities, redeemable interests, non-controlling interests and equity	-791,639,000	-805,908,000	'	'
Ares Holdings, Inc. and Ares Investments LLC and Consolidated Funds	'	'	'	'
Assets	'	'	'	'
Total assets	22,035,501,000	23,705,384,000	25,227,756,000	'
Liabilities	'	'	'	'
Total liabilities	14,759,826,000	16,030,319,000	'	'
Commitments and contingencies	'	'	'	'
Controlling interest in equity of AHI, AI and consolidated subsidiaries	'	'	'	'
Total equity	6,112,503,000	6,540,544,000	'	'
Total liabilities, redeemable interests, non-controlling interests and equity	22,035,501,000	23,705,384,000	'	'
Ares Holdings, Inc. and Ares Investments LLC	'	'	'	'
Assets	'	'	'	'
Cash and cash equivalents	36,634,000	89,802,000	85,236,000	68,456,000
Restricted cash and cash equivalents	7,657,000	13,344,000	'	'
Investments, at fair value	121,608,000	89,438,000	'	'
Performance fees receivable	136,430,000	137,682,000	'	'
Derivative assets, at fair value	1,132,000	1,164,000	'	'
Due from affiliates	119,330,000	108,920,000	'	'
Intangible assets, net	59,938,000	68,742,000	'	'
Goodwill	60,531,000	58,159,000	'	'
Other assets	71,957,000	73,600,000	'	'
Liabilities	'	'	'	'
Debt obligations	172,119,000	153,119,000	'	'
Accounts payable, accrued expenses and other liabilities	63,621,000	67,486,000	'	'
Deferred tax liability, net	20,793,000	21,002,000	'	'
Performance fee compensation payable	304,015,000	295,978,000	'	'
Derivative liabilities, at fair value	2,942,000	2,907,000	'	'
Accrued compensation	55,557,000	132,917,000	'	'
Due to affiliates	23,312,000	32,690,000	'	'
Redeemable interest	43,587,000	40,751,000	'	'
Non-controlling interest in Consolidated Funds	'	'	'	'
Non-controlling interest	178,543,000	167,731,000	'	'
Controlling interest in equity of AHI, AI and consolidated subsidiaries	'	'	'	'
Members' Equity	350,862,000	321,891,000	'	'
Common Stock (class A shares, 50,000 authorized, 5,010 issued and outstanding, $0.001 par value)	0	0	'	'
Common stock, par value (in dollars per share)	$0.00	$0.00	'	'
Common stock, shares authorized	50,000	50,000	'	'
Common stock, shares issued	5,010	5,010	'	'
Common stock, shares outstanding	5,010	5,010	'	'
Additional paid-in-capital	315,553,000	338,375,000	'	'
Retained earnings	-124,408,000	-135,573,000	'	'
Accumulated other comprehensive gain	1,262,000	985,000	'	'
Total controlling interest in equity of AHI, AI and consolidated subsidiaries	543,269,000	525,678,000	'	'
Consolidated Company Entities | Eliminations	'	'	'	'
Assets	'	'	'	'
Investments, at fair value	-398,142,000	-414,853,000	'	'
Performance fees receivable	-354,453,000	-344,069,000	'	'
Due from affiliates	-17,656,000	-21,705,000	'	'
Other assets	-21,388,000	-23,304,000	'	'
Liabilities	'	'	'	'
Accounts payable, accrued expenses and other liabilities	'	-2,064,000	'	'
Due to affiliates	902,000	-2,459,000	'	'
Commitments and contingencies	'	'	'	'
Consolidated Company Entities | Reportable legal entity	'	'	'	'
Assets	'	'	'	'
Cash and cash equivalents	36,634,000	89,802,000	'	'
Restricted cash and cash equivalents	7,657,000	13,344,000	'	'
Investments, at fair value	519,750,000	504,291,000	'	'
Performance fees receivable	490,883,000	481,751,000	'	'
Derivative assets, at fair value	1,132,000	1,164,000	'	'
Due from affiliates	136,986,000	130,625,000	'	'
Intangible assets, net	59,938,000	68,742,000	'	'
Goodwill	60,531,000	58,159,000	'	'
Other assets	93,345,000	96,904,000	'	'
Total assets	1,406,856,000	1,444,782,000	'	'
Liabilities	'	'	'	'
Debt obligations	172,119,000	153,119,000	'	'
Accounts payable, accrued expenses and other liabilities	63,621,000	69,550,000	'	'
Deferred tax liability, net	20,793,000	21,002,000	'	'
Performance fee compensation payable	304,015,000	295,978,000	'	'
Derivative liabilities, at fair value	2,942,000	2,907,000	'	'
Accrued compensation	55,557,000	132,917,000	'	'
Due to affiliates	22,410,000	35,149,000	'	'
Total liabilities	641,457,000	710,622,000	'	'
Commitments and contingencies	'	'	'	'
Redeemable interest	43,587,000	40,751,000	'	'
Non-controlling interest in Consolidated Funds	'	'	'	'
Non-controlling interest	178,543,000	167,731,000	'	'
Controlling interest in equity of AHI, AI and consolidated subsidiaries	'	'	'	'
Members' Equity	350,862,000	321,891,000	'	'
Common Stock (class A shares, 50,000 authorized, 5,010 issued and outstanding, $0.001 par value)	0	0	'	'
Common stock, par value (in dollars per share)	$0.00	$0.00	'	'
Common stock, shares authorized	50,000	50,000	'	'
Common stock, shares issued	5,010	5,010	'	'
Common stock, shares outstanding	5,010	5,010	'	'
Additional paid-in-capital	315,553,000	338,375,000	'	'
Retained earnings	-124,408,000	-135,573,000	'	'
Accumulated other comprehensive gain	1,262,000	985,000	'	'
Total controlling interest in equity of AHI, AI and consolidated subsidiaries	543,269,000	525,678,000	'	'
Total equity	721,812,000	693,409,000	'	'
Total liabilities, redeemable interests, non-controlling interests and equity	1,406,856,000	1,444,782,000	'	'
Consolidated Funds	'	'	'	'
Assets	'	'	'	'
Cash and cash equivalents	1,276,657,000	1,638,003,000	'	'
Investments, at fair value	19,485,067,000	20,823,338,000	'	'
Derivative assets, at fair value	8,961,000	14,625,000	'	'
Due from affiliates	9,930,000	2,010,000	'	'
Dividends and interest receivable	170,490,000	133,158,000	'	'
Receivable for securities sold	447,263,000	427,871,000	'	'
Other assets	21,916,000	25,528,000	'	'
Liabilities	'	'	'	'
Accounts payable, accrued expenses and other liabilities	66,010,000	95,839,000	'	'
Payable for securities purchased	601,349,000	945,115,000	'	'
Deferred tax liability, net	20,449,000	35,904,000	'	'
CLO loan obligations	11,275,857,000	11,774,157,000	'	'
Fund borrowings	1,769,737,000	2,070,598,000	'	'
Mezzanine debt	327,892,000	323,164,000	'	'
Derivative liabilities, at fair value	53,643,000	75,115,000	'	'
Due to affiliates	2,530,000	2,695,000	'	'
Securities sold short, at fair value	'	1,633,000	'	'
Commitments and contingencies	'	'	'	'
Redeemable interest	1,119,585,000	1,093,770,000	'	1,100,108,000
Non-controlling interest in Consolidated Funds	'	'	'	'
Non-controlling interest in Consolidated Funds	5,283,933,000	5,691,874,000	'	'
Equity appropriated for Consolidated Funds	106,758,000	155,261,000	'	'
Non-controlling interest	5,390,691,000	5,847,135,000	'	'
Consolidated Funds | Eliminations	'	'	'	'
Assets	'	'	'	'
Other assets	'	-1,977,000	'	'
Liabilities	'	'	'	'
CLO loan obligations	-54,255,000	-64,239,000	'	'
Due to affiliates	-81,119,000	-89,516,000	'	'
Non-controlling interest in Consolidated Funds	'	'	'	'
Non-controlling interest in Consolidated Funds	-657,167,000	-647,630,000	'	'
Non-controlling interest	-657,167,000	-647,630,000	'	'
Consolidated Funds | Reportable legal entity	'	'	'	'
Assets	'	'	'	'
Cash and cash equivalents	1,276,657,000	1,638,003,000	'	'
Investments, at fair value	19,485,067,000	20,823,338,000	'	'
Derivative assets, at fair value	8,961,000	14,625,000	'	'
Due from affiliates	9,930,000	2,010,000	'	'
Dividends and interest receivable	170,490,000	133,158,000	'	'
Receivable for securities sold	447,263,000	427,871,000	'	'
Other assets	21,916,000	27,505,000	'	'
Total assets	21,420,284,000	23,066,510,000	'	'
Liabilities	'	'	'	'
Accounts payable, accrued expenses and other liabilities	66,010,000	95,839,000	'	'
Payable for securities purchased	601,349,000	945,115,000	'	'
Deferred tax liability, net	20,449,000	35,904,000	'	'
CLO loan obligations	11,330,112,000	11,838,396,000	'	'
Fund borrowings	1,769,737,000	2,070,598,000	'	'
Mezzanine debt	327,892,000	323,164,000	'	'
Derivative liabilities, at fair value	53,643,000	75,115,000	'	'
Due to affiliates	83,649,000	92,211,000	'	'
Securities sold short, at fair value	'	1,633,000	'	'
Total liabilities	14,252,841,000	15,477,975,000	'	'
Redeemable interest	1,119,585,000	1,093,770,000	'	'
Non-controlling interest in Consolidated Funds	'	'	'	'
Non-controlling interest in Consolidated Funds	5,941,100,000	6,339,504,000	'	'
Equity appropriated for Consolidated Funds	106,758,000	155,261,000	'	'
Non-controlling interest	6,047,858,000	6,494,765,000	'	'
Controlling interest in equity of AHI, AI and consolidated subsidiaries	'	'	'	'
Total equity	6,047,858,000	6,494,765,000	'	'
Total liabilities, redeemable interests, non-controlling interests and equity	$21,420,284,000	$23,066,510,000	'	'

CONSOLIDATING_SCHEDULES_Detail1

CONSOLIDATING SCHEDULES (Details 2) (USD $)	3 Months Ended		12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Ares Holdings, Inc. and Ares Investments LLC and Consolidated Funds	'	'	'
Revenues	'	'	'
Management fees (includes ARCC Part I Fees of $28,318 and $23,836 for the periods ended March 31, 2014 and 2013, respectively	$110,549	$78,394	'
Performance fees	16,214	25,154	'
Other fees	6,865	3,989	'
Total revenues	133,628	107,537	'
Expenses	'	'	'
Total expenses	184,130	213,067	'
Other income (expense)	'	'	'
Total other income	325,177	353,114	'
Income before taxes	274,675	247,584	'
Income tax expense (benefit)	-6,695	24,450	'
Net income	281,370	223,134	'
Ares Holdings, Inc. and Ares Investments LLC and Consolidated Funds | Affiliated entity | ARCC	'	'	'
Revenues	'	'	'
Management fees (includes ARCC Part I Fees of $28,318 and $23,836 for the periods ended March 31, 2014 and 2013, respectively	28,318	23,836	'
Ares Holdings, Inc. and Ares Investments LLC	'	'	'
Expenses	'	'	'
Compensation and benefits	95,693	71,975	'
Performance fee compensation	40,725	63,002	'
General, administrative and other expenses	38,775	16,982	'
Other income (expense)	'	'	'
Interest and other income	124	651	'
Interest expense	-1,639	-2,425	'
Net realized gain (loss) on investments	-66	-1,137	'
Net change in unrealized appreciation (depreciation) on investments	4,146	8,285	'
Less: Net income attributable to non-controlling interests and redeemable non-controlling interests	13,342	12,601	'
Net income attributable to controlling interests in AHI, AI and consolidated subsidiaries	42,847	61,942	'
Consolidated Company Entities | Eliminations	'	'	'
Revenues	'	'	'
Management fees (includes ARCC Part I Fees of $28,318 and $23,836 for the periods ended March 31, 2014 and 2013, respectively	-29,312	-30,236	'
Performance fees	-44,266	-74,259	'
Other fees	'	-671	'
Total revenues	-73,578	-105,166	'
Other income (expense)	'	'	'
Interest and other income	-3,359	-1,557	'
Net realized gain (loss) on investments	-19,347	-20,714	'
Net change in unrealized appreciation (depreciation) on investments	-1,419	5,235	'
Total other income	-22,630	-12,985	'
Consolidated Company Entities | Reportable legal entity	'	'	'
Revenues	'	'	'
Management fees (includes ARCC Part I Fees of $28,318 and $23,836 for the periods ended March 31, 2014 and 2013, respectively	139,861	108,630	'
Performance fees	60,480	99,413	'
Other fees	6,865	4,660	'
Total revenues	207,206	212,703	'
Expenses	'	'	'
Compensation and benefits	95,693	71,975	'
Performance fee compensation	40,725	63,002	'
General, administrative and other expenses	38,775	16,982	'
Total expenses	175,193	151,959	'
Other income (expense)	'	'	'
Interest and other income	3,483	2,208	'
Interest expense	-1,639	-2,425	'
Net realized gain (loss) on investments	19,281	19,577	'
Net change in unrealized appreciation (depreciation) on investments	5,565	3,050	'
Total other income	26,690	22,410	'
Income before taxes	58,703	83,154	'
Income tax expense (benefit)	2,514	8,611	'
Net income	56,189	74,543	'
Less: Net income attributable to non-controlling interests and redeemable non-controlling interests	13,342	12,601	'
Net income attributable to controlling interests in AHI, AI and consolidated subsidiaries	42,847	61,942	'
Consolidated Funds	'	'	'
Expenses	'	'	'
Consolidated Funds expenses	8,937	61,108	'
Other income (expense)	'	'	'
Interest and other income	345,345	311,490	'
Interest expense	-145,042	-125,958	'
Net realized gain (loss) on investments	54,965	57,956	'
Net change in unrealized appreciation (depreciation) on investments	67,344	104,252	4,261
Less: Net income attributable to non-controlling interests and redeemable non-controlling interests	225,181	148,591	'
Consolidated Funds | Eliminations	'	'	'
Expenses	'	'	'
Consolidated Funds expenses	-31,700	-61,237	'
Total expenses	-31,700	-61,237	'
Other income (expense)	'	'	'
Interest and other income	-131	-196	'
Interest expense	695	5,220	'
Net change in unrealized appreciation (depreciation) on investments	931	-973	'
Income before taxes	-64,508	-56,914	'
Net income	-64,508	-56,914	'
Less: Net income attributable to non-controlling interests and redeemable non-controlling interests	-64,508	-56,914	'
Consolidated Funds | Reportable legal entity	'	'	'
Expenses	'	'	'
Consolidated Funds expenses	40,637	122,345	'
Total expenses	40,637	122,345	'
Other income (expense)	'	'	'
Interest and other income	345,476	311,686	'
Interest expense	-145,737	-131,178	'
Net realized gain (loss) on investments	54,965	57,956	'
Net change in unrealized appreciation (depreciation) on investments	66,413	105,225	'
Total other income	321,117	343,689	'
Income before taxes	280,480	221,344	'
Income tax expense (benefit)	-9,209	15,839	'
Net income	289,689	205,505	'
Less: Net income attributable to non-controlling interests and redeemable non-controlling interests	$289,689	$205,505	'