Ares Management (ARES) 10-K 20 Mar 15 2014 FY Annual report Financial data

Document_And_Entity_Informatio

Document And Entity Information (USD $)	12 Months Ended
	Dec. 31, 2014	Mar. 17, 2015	Jun. 30, 2014
Document and Entity Information
Entity Registrant Name	ARES MANAGEMENT LP
Entity Central Index Key	1176948
Document Type	10-K
Document Period End Date	31-Dec-14
Amendment Flag	FALSE
Current Fiscal Year End Date	-19
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Public Float			$884,500,756
Entity Common Stock, Shares Outstanding		80,667,664
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	FY

Consolidated_Statements_of_Fin

Consolidated Statements of Financial Condition (USD $)	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Apr. 30, 2014	Dec. 31, 2011
In Thousands, unless otherwise specified
Assets
Other assets	$77,178	$99,128
Goodwill	85,582	58,159
Loans held for investment, net	77,514
Total assets	21,641,253	23,705,384	24,495,877
Liabilities
Total liabilities	14,881,880	16,030,319
Commitments and contingencies
Controlling interest in Ares Management L.P.:
Partners' Capital (80,667,664 and 0 units, issued and outstanding at December 31, 2014 and 2013, respectively)	285,025
Accumulated other comprehensive income (loss)	-1,386
Total controlling interest in Ares Management L.P	283,639
Total equity	5,697,935	6,540,544
Total liabilities, redeemable interest, non-controlling interests and equity	21,641,253	23,705,384
Predecessor
Assets
Total assets		23,705,384
Liabilities
Total liabilities		16,030,319
Commitments and contingencies
Non-controlling interest in Consolidated Funds:
Members' equity and common stock of Predecessor		525,678
Controlling interest in Ares Management L.P.:
Total controlling interest in Ares Management L.P		525,678
Total equity		6,540,544
Total liabilities, redeemable interest, non-controlling interests and equity		23,705,384
Parent Company
Assets
Cash and cash equivalents	148,858	89,802
Restricted cash and cash equivalents	32,734	13,344
Investments, at fair value	170,324	89,438
Derivative assets, at fair value	7,623	1,164
Performance fees receivable	187,059	137,682
Due from affiliates	146,534	108,920
Other assets	64,705	73,600
Intangible assets, net	40,948	68,742
Goodwill	85,582	58,159
Receivable for securities sold		11,594
Liabilities
Accounts payable and accrued expenses	101,310	67,486
Accrued compensation	129,433	132,917
Derivative liabilities, at fair value	2,850	2,907
Due to affiliates	19,030	32,690
Performance fee compensation payable	380,268	295,978
Debt obligations	245,752	153,119
Equity compensation put option liability	20,000
Deferred tax liability, net	19,861	21,002
Controlling interest in Ares Management L.P.:
Total equity	5,697,935			5,650,645
Parent Company | Predecessor
Assets
Cash and cash equivalents		89,802	68,457		34,422
Restricted cash and cash equivalents		13,344
Investments, at fair value		89,438
Derivative assets, at fair value		1,164
Performance fees receivable		137,682
Due from affiliates		108,920
Other assets		73,600
Intangible assets, net		68,742
Goodwill		58,159
Liabilities
Accounts payable and accrued expenses		67,486
Accrued compensation		132,917
Derivative liabilities, at fair value		2,907
Due to affiliates		32,690
Performance fee compensation payable		295,978
Debt obligations		153,119
Deferred tax liability, net		21,002
Controlling interest in Ares Management L.P.:
Total equity		6,540,544	6,991,811
Consolidated Funds
Assets
Cash and cash equivalents	1,314,397	1,638,003
Investments, at fair value	19,123,950	20,823,338
Derivative assets, at fair value	3,126	14,625
Due from affiliates	11,342	2,010
Other assets	12,473	25,528
Loans held for investment, net	77,514
Dividends and interest receivable	81,331	133,158
Receivable for securities sold	132,753	427,871
Liabilities
Accounts payable and accrued expenses	68,589	95,839
Derivative liabilities, at fair value	42,332	75,115
Due to affiliates	2,441	2,695
Payable for securities purchased	618,902	945,115
Securities sold short, at fair value	3,763	1,633
Deferred tax liability, net	22,214	35,904
CLO loan obligations	12,049,170	11,774,157
Fund borrowings	777,600	2,070,598
Mezzanine debt	378,365	323,164
Redeemable interest	1,037,450	1,093,770	1,100,108	1,096,099
Non-controlling interest in Consolidated Funds:
Non-controlling interest in Consolidated Funds	4,988,729	5,691,874
Equity appropriated for Consolidated Funds	-37,926	155,261
Non-controlling interest	4,950,803	5,847,135
Consolidated Funds | Predecessor
Assets
Cash and cash equivalents		1,638,003
Investments, at fair value		20,823,338
Derivative assets, at fair value		14,625
Due from affiliates		2,010
Other assets		25,528
Dividends and interest receivable		133,158
Receivable for securities sold		427,871
Liabilities
Accounts payable and accrued expenses		95,839
Derivative liabilities, at fair value		75,115
Due to affiliates		2,695
Payable for securities purchased		945,115
Securities sold short, at fair value		1,633
Deferred tax liability, net		35,904
CLO loan obligations		11,774,157
Fund borrowings		2,070,598
Mezzanine debt		323,164
Redeemable interest		1,093,770
Non-controlling interest in Consolidated Funds:
Non-controlling interest in Consolidated Funds		5,691,874
Equity appropriated for Consolidated Funds		155,261
Non-controlling interest		5,847,135
AOG
Liabilities
Redeemable interest	23,988	40,751
Non-controlling interest in Consolidated Funds:
Non-controlling interest	463,493	167,731
AOG | Predecessor
Liabilities
Redeemable interest		40,751
Non-controlling interest in Consolidated Funds:
Non-controlling interest		$167,731

Consolidated_Statements_of_Fin1

Consolidated Statements of Financial Condition (Parenthetical)	Dec. 31, 2014	Dec. 31, 2013
Partners' Capital units issued (in units)	80,667,664
Partners' Capital units outstanding (in units)	80,667,664
Predecessor
Partners' Capital units issued (in units)		0
Partners' Capital units outstanding (in units)		0

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (USD $)	3 Months Ended			8 Months Ended	12 Months Ended			3 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Dec. 31, 2014	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013
Revenues
Total revenues	$163,482	$175,161	$131,618		$603,889	$478,655	$334,046
Expenses
Total expenses	213,470	203,337	259,102		860,039	801,897	758,531
Other income (expense)
Total other income (expense)	217,624	-48,709	318,973		813,065	1,195,883	1,686,327
Income before taxes	167,636	-76,885	191,489		556,915	872,641	1,261,842
Income tax expense (benefit)					11,253	59,263	26,154
Net income	157,354	-79,284	186,222		545,662	813,378	1,235,688
Net income	3,175	13,971	17,842	34,988	34,988
Net income (loss) attributable to Ares Management L.P. per common unit
Basic (in dollars per unit)	$0.04	$0.17	$0.22	$0.43	$0.43
Diluted (in dollars per unit)	$0.04	$0.17	$0.22	$0.43	$0.43
Weighted-average common units
Basic (in units)				80,358,036	80,358,036
Diluted (in units)				80,358,036	80,358,036
Predecessor
Revenues
Total revenues						478,655	334,046	133,628	145,939	135,877	89,302	107,537
Expenses
Total expenses						801,897	758,531	184,130	242,000	237,037	109,793	213,067
Other income (expense)
Total other income (expense)						1,195,883	1,686,327	325,177	440,553	512,147	-109,931	353,114
Income before taxes						872,641	1,261,842	274,675	344,492	410,987	-130,422	247,584
Income tax expense (benefit)						59,263	26,154
Net income						813,378	1,235,688	281,370	320,781	406,197	-136,734	223,134
Less: Net income attributable to non-controlling interests						180,482	220,646
Net income						180,482	220,646
Parent Company
Revenues
Management fees (includes ARCC Part I Fees of $118,537, $110,511 and $95,182 for the years ended December 31, 2014, 2013 and 2012, respectively)					486,477	375,572	249,584
Performance fees					91,412	79,800	69,491
Other fees					26,000	23,283	14,971
Expenses
Compensation and benefits					456,372	333,902	288,719
Performance fee compensation					170,028	194,294	267,725
General, administrative and other expenses					166,839	138,464	85,582
Other income (expense)
Interest and other investment income					7,244	5,996	8,424
Interest expense					-8,617	-9,475	-8,679
Debt extinguishment expense					0	-1,862	-3,032
Other income (expense), net					-2,422	-200	7
Net realized gain (loss) on investments					7,812	-6,373	6,662
Net change in unrealized appreciation (depreciation) on investments					24,316	15,295	-1,670
Income tax expense (benefit)					16,536	17,423	21,816
Parent Company | Predecessor
Revenues
Management fees (includes ARCC Part I Fees of $118,537, $110,511 and $95,182 for the years ended December 31, 2014, 2013 and 2012, respectively)						375,572	249,584
Performance fees						79,800	69,491
Other fees						23,283	14,971
Expenses
Compensation and benefits						333,902	288,719
Performance fee compensation						194,294	267,725
General, administrative and other expenses						138,464	85,582
Other income (expense)
Interest and other investment income						5,996	8,424
Interest expense						-9,475	-8,679
Debt extinguishment expense						-1,862	-3,032
Other income (expense), net						-200	7
Net realized gain (loss) on investments						-6,373	6,662
Net change in unrealized appreciation (depreciation) on investments						15,295	-1,670
Consolidated Funds
Expenses
Consolidated Funds' expenses					66,800	135,237	116,505
Other income (expense)
Interest and other investment income					937,835	1,236,037	1,406,593
Interest expense					-666,373	-534,431	-449,377
Debt extinguishment expense						11,800
Net realized gain (loss) on investments					44,781	64,382	1,794,412
Net change in unrealized appreciation (depreciation) on investments					468,489	414,714	-1,067,013
Income tax expense (benefit)					-5,283	41,840	4,338
Less: Net Income attributable to redeemable interests					2,565	137,924	199,075
Less: Net income attributable to non-controlling interests					417,793	448,847	734,517
Consolidated Funds | Predecessor
Expenses
Consolidated Funds' expenses						135,237	116,505
Other income (expense)
Interest and other investment income						1,236,037	1,406,593
Interest expense						-534,431	-449,377
Debt extinguishment expense						11,800
Net realized gain (loss) on investments						64,382	1,794,412
Net change in unrealized appreciation (depreciation) on investments						414,714	-1,067,013
Less: Net Income attributable to redeemable interests						137,924	199,075
Less: Net income attributable to non-controlling interests						448,847	734,517
AOG
Other income (expense)
Less: Net Income attributable to redeemable interests					731	2,451	3,293
Less: Net income attributable to non-controlling interests					89,585	43,674	78,157
AOG | Predecessor
Other income (expense)
Less: Net Income attributable to redeemable interests						2,451	3,293
Less: Net income attributable to non-controlling interests						$43,674	$78,157

Consolidated_Statements_of_Ope1

Consolidated Statements of Operations (Parenthetical) (Affiliated entity, ARCC, USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Management fees, part I fees	$118,537	$110,511	$95,182
Predecessor
Management fees, part I fees		$110,511	$95,182

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Income (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Net income (loss)	$545,662	$813,378	$1,235,688
Predecessor
Net income (loss)		813,378	1,235,688
Other comprehensive income:
Comprehensive income		181,526	221,502
Parent Company
Other comprehensive income:
Foreign currency translation adjustments	-36,489
Total comprehensive income	509,173
Comprehensive income	33,602
Parent Company | Predecessor
Other comprehensive income:
Foreign currency translation adjustments		23,228	7,100
Total comprehensive income		836,606	1,242,788
Consolidated Funds
Other comprehensive income:
Less: Comprehensive income attributable to redeemable interests	2,565
Less: Comprehensive income attributable to non-controlling interests	383,323
Consolidated Funds | Predecessor
Other comprehensive income:
Less: Comprehensive income attributable to redeemable interests		137,040	201,659
Less: Comprehensive income attributable to non-controlling interests		471,561	738,007
AOG
Other comprehensive income:
Less: Comprehensive income attributable to redeemable interests	724
Less: Comprehensive income attributable to non-controlling interests	88,959
AOG | Predecessor
Other comprehensive income:
Less: Comprehensive income attributable to redeemable interests		2,464	3,293
Less: Comprehensive income attributable to non-controlling interests		$44,015	$78,327

Consolidated_Statements_of_Cha

Consolidated Statements of Changes in Equity (USD $)	Parent Company	Parent Company	Parent Company	Parent Company	Parent Company	Parent Company	Parent Company	Parent Company	Parent Company	Parent Company	Parent Company	Parent Company	Parent Company	Parent Company	Parent Company	Parent Company	Consolidated Funds	Consolidated Funds	Consolidated Funds	Consolidated Funds	Predecessor	Total
In Thousands, unless otherwise specified	Members' Equity	Members' Equity	Common Stock	Additional Paid in Capital.	Additional Paid in Capital.	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss)	Non-Controlling interest in Ares Operating Group Entities	Non-Controlling interest in Ares Operating Group Entities	Non-Controlling interest in Ares Operating Group Entities	Partners' Capital	Partners' Capital	Predecessor	Predecessor		Non-Controlling interest in Ares Operating Group Entities	Non-Controlling interest in Ares Operating Group Entities	Equity Appropriated for Consolidated Funds	Equity Appropriated for Consolidated Funds
	Predecessor	Predecessor	Predecessor	Predecessor	Predecessor	Predecessor	Predecessor		Predecessor	Predecessor		Predecessor		Class D units			Predecessor		Predecessor
	Class D units			Class D units					Class D units
Balance at Dec. 31, 2012		$411,575	$0		$183,276	($101,107)	($59)			$130,835					$6,991,811		$6,019,267		$348,024
Increase (Decrease) in Stockholders' Equity
Membership interests in AI and AH issued in connection with the AREA acquisition, net of offering costs		3,440			21,784										25,224
Allocation of contributions in excess of carrying value of net assets attributable to the AREA acquisition		-851			-5,389					5,986					-254
Issuance of units, net									241,735					241,735
Allocation of contributions in excess of the carrying value of the net assets (dilution)	45,226			128,732					-177,416					-3,458
Deferred tax liabilities arising from allocation of contributions					-12,296					-12,171					-24,467
Contributions															1,094,604		1,094,604
Distributions		-232,604				-113,764				-69,173					-2,501,862		-2,086,321
Net income (loss)		94,840				85,642				43,674					673,003		642,897		-194,050
Currency translation adjustment							1,044			341					24,099		21,427		1,287
Revaluation of redeemable equity						-6,344				-2,092					-8,436
Equity compensation		265			22,268					6,012					28,545
Balance at Dec. 31, 2013		321,891	0		338,375	-135,573	985			167,731					6,540,544		5,691,874		155,261		6,540,544	6,540,544
Increase (Decrease) in Stockholders' Equity
Relinquished with deconsolidation of funds															-354,737		-354,737
Contributions															126,265		126,265
Distributions		-132,286			-42,622					-50,442					-967,255		-741,905
Net income (loss)		28,064				-21,966				3,247					246,874		287,942		-50,413
Currency translation adjustment							1,255			404					565		-412		-682
Equity compensation		-368			39,078					12,479					51,189
Tandem award compensation adjustment		1,570			5,371	-983				1,242					7,200
Net effect of Reorganization, including contribution of Ares Operating Group units for 69,078,234 common units		-218,871			-340,202	158,522	-2,240			197,914	332,575	204,877
Balance at Apr. 30, 2014											332,575		204,877			5,650,645		5,009,027		104,166
Increase (Decrease) in Stockholders' Equity
Issuance of units, net													209,189			209,189
Issuance costs											-17,581		-10,910			-28,491
Allocation of contributions in excess of the carrying value of the net assets (dilution)											128,536		-129,446			-910
Reallocation of partnerss capital for change in ownership interests											-611		1,511			900
Deferred tax liabilities arising from allocation of contributions											-16		1,589			1,573
Contributions																182,522		182,522
Distributions											-68,872		-33,881			-594,553		-491,800
Net income (loss)											80,240		34,988			295,492		319,424		-139,160
Currency translation adjustment								-1,386			-2,285					-37,047		-30,444		-2,932
Equity compensation											11,507		7,108			18,615
Balance at Dec. 31, 2014								($1,386)			$463,493		$285,025			$5,697,935		$4,988,729		($37,926)		$5,697,935

Consolidated_Statements_of_Cha1

Consolidated Statements of Changes in Equity (Parenthetical)	8 Months Ended	4 Months Ended
	Dec. 31, 2014	Apr. 30, 2014
Issuance of common units (in units)	11,589,430
AOG
Issuance of common units in connection with the reorganization (in units)		60,078,234

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Cash flows from operating activities:
Net income	$545,662	$813,378	$1,235,688
Allocable to non-controlling interest in Consolidated Funds:
Net cash provided by operating activities	1,532,588
Cash flows from investing activities:
Acquisitions, net of cash acquired	-60,000
Purchase of furniture, equipment and leasehold improvements, net	-16,664
Net cash used in investing activities	-76,664
Allocable to non-controlling interest in Consolidated Funds:
Net cash used in financing activities	-1,364,106
Predecessor
Cash flows from operating activities:
Net income		813,378	1,235,688
Allocable to non-controlling interest in Consolidated Funds:
Net cash provided by operating activities		2,174,692	2,747,921
Cash flows from investing activities:
Acquisitions, net of cash acquired		-50,317
Purchase of furniture, equipment and leasehold improvements, net		-12,055	-3,515
Purchases of intangible assets			-9,398
Net cash used in investing activities		-62,372	-12,913
Allocable to non-controlling interest in Consolidated Funds:
Net cash used in financing activities		-2,113,925	-2,708,102
Non-cash increase in assets and liabilities:
Stock issuance in connection with business combinations		21,847
Parent Company
Adjustments to reconcile net income to net cash provided by operating activities:
Equity compensation expense	83,230
Depreciation and amortization	36,129
Debt extinguishment costs	0	1,862	3,032
Net realized (gain) loss on investments	-7,812	6,373	-6,662
Net change in unrealized (appreciation) depreciation on investments	-24,316	-15,295	1,670
Other non-cash amounts	3,143
Investments purchased	-57,164
Cash proceeds from sale of investments	19,365
Cash flows due to changes in operating assets and liabilities:
Net change in restricted cash	-19,390
Net change in performance fees receivable	38,079
Net change in due to/from affiliates	-53,351
Net change in other assets	11,557
Net change in accrued compensation and benefits	-4,870
Net change in accounts payable, accrued expenses and other liabilities	34,027
Net change in deferred taxes	-1,141
Cash flows from financing activities:
Proceeds from issuance of common units in IPO	209,189
Issuance cost	-28,615
Proceeds from debt issuance, net of offering costs	245,670
Proceeds from credit facility	223,918
Repayments of credit facility	-345,168
Repayments of term notes	-11,000
Repayments of promissory notes	-20,869
Distributions	-329,893
Allocable to non-controlling interest in Consolidated Funds:
Effect of exchange rate changes and translation	-32,762
Net increase (decrease) in cash and cash equivalents	59,056
Cash and cash equivalents, beginning of period	89,802
Cash and cash equivalents, end of period	148,858	89,802
Supplemental information:
Cash paid during the period for interest	3,931
Cash paid during the period for income taxes	19,821
Parent Company | Predecessor
Adjustments to reconcile net income to net cash provided by operating activities:
Equity compensation expense		28,836	51,987
Depreciation and amortization		49,532	14,177
Debt extinguishment costs		1,862	3,032
Net realized (gain) loss on investments		6,373	-6,662
Net change in unrealized (appreciation) depreciation on investments		-15,295	1,670
Other non-cash amounts		-8	-39
Investments purchased		-54,417	-42,431
Cash proceeds from sale of investments		79,790	58,785
Cash flows due to changes in operating assets and liabilities:
Net change in restricted cash		-4,292	123
Net change in performance fees receivable		32,825	-71,284
Net change in due to/from affiliates		-1,306	-11,311
Net change in other assets		-13,524	-9,318
Net change in accrued compensation and benefits		100,806	-50,308
Net change in accounts payable, accrued expenses and other liabilities		-11,415	3,612
Net change in deferred taxes		17,575	-1,587
Cash flows from financing activities:
Proceeds from credit facility		157,200	149,250
Proceeds from term notes			55,000
Repayments of credit facility		-317,200	-73,000
Repayments of term notes		-44,000
Repayments of promissory notes		-6,800
Capital contributions, net of offering costs		245,183
Distributions		-420,189	-230,612
Allocable to non-controlling interest in Consolidated Funds:
Effect of exchange rate changes and translation		22,950	7,129
Net increase (decrease) in cash and cash equivalents		21,345	34,035
Cash and cash equivalents, beginning of period		68,457	34,422
Cash and cash equivalents, end of period		89,802	68,457
Supplemental information:
Cash paid during the period for interest		8,160	7,760
Cash paid during the period for income taxes		23,021	18,502
Consolidated Funds
Adjustments to reconcile net income to net cash provided by operating activities:
Debt extinguishment costs		-11,800
Net realized (gain) loss on investments	-44,781	-64,382	-1,794,412
Net change in unrealized (appreciation) depreciation on investments	-468,489	-414,714	1,067,013
Investments purchased	-9,739,451
Allocable to non-controlling interests in Consolidated Funds:
Receipt of non-cash interest income and dividends from investments	-57,954
Realized gain on debt extinguishment		-11,800
Amortization on debt and investments	-19,681
Cash proceeds from sale or pay down of investments	10,943,758
Allocable to non-controlling interest in Consolidated Funds:
Change in cash and cash equivalents held at Consolidated Funds	338,590
Cash relinquished with deconsolidation of Consolidated Funds	-40,625
Change in other assets and receivables held at Consolidated Funds	357,748
Change in other liabilities and payables held at Consolidated Funds	-339,675
Cash flows from financing activities:
Proceeds from debt issuance, net of offering costs	3,782,201
Allocable to non-controlling interest in Consolidated Funds:
Contributions from non-controlling interest holders in Consolidated Funds	339,195
Distributions to non-controlling interest holders in Consolidated Funds	-1,322,998
Repayments of debt obligations	-4,105,736
Cash and cash equivalents, beginning of period	1,638,003
Cash and cash equivalents, end of period	1,314,397	1,638,003
Supplemental information:
Cash paid during the period for interest	216,144
Cash paid during the period for income taxes	16,750
Consolidated Funds | Predecessor
Adjustments to reconcile net income to net cash provided by operating activities:
Debt extinguishment costs		-11,800
Net realized (gain) loss on investments		-64,382	-1,794,412
Net change in unrealized (appreciation) depreciation on investments		-414,714	1,067,013
Investments purchased		-15,131,893	-10,549,510
Allocable to non-controlling interests in Consolidated Funds:
Receipt of non-cash interest income and dividends from investments		-15,940	-72,907
Realized gain on debt extinguishment		-11,800
Amortization on debt and investments		-20,946	-169,446
Cash proceeds from sale or pay down of investments		16,647,411	12,620,593
Allocable to non-controlling interest in Consolidated Funds:
Change in cash and cash equivalents held at Consolidated Funds		71,995	-142,737
Change in other assets and receivables held at Consolidated Funds		-1,566	-154,735
Change in other liabilities and payables held at Consolidated Funds		85,807	767,928
Cash flows from financing activities:
Proceeds from debt issuance, net of offering costs		4,365,172	2,714,334
Allocable to non-controlling interest in Consolidated Funds:
Contributions from non-controlling interest holders in Consolidated Funds		1,094,604	1,505,489
Distributions to non-controlling interest holders in Consolidated Funds		-2,229,690	-3,213,672
Repayments of debt obligations		-4,958,205	-3,614,891
Cash and cash equivalents, end of period		1,638,003
Supplemental information:
Cash paid during the period for interest		209,851	143,499
Cash paid during the period for income taxes		$7,300	$170

ORGANIZATION_AND_BASIS_OF_PRES

ORGANIZATION AND BASIS OF PRESENTATION	12 Months Ended
	Dec. 31, 2014
ORGANIZATION AND BASIS OF PRESENTATION
ORGANIZATION AND BASIS OF PRESENTATION	1. ORGANIZATION AND BASIS OF PRESENTATION
	Ares Management, L.P. 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 18, "Segment Reporting." Subsidiaries of Ares Management LLC ("AM LLC"), a subsidiary of the Company, serve as the general partners and/or investment managers to various investment funds and managed accounts 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. Ares Management, L.P. is a Delaware limited partnership formed on November 15, 2013. Ares is managed and operated by its general partner, Ares Management GP LLC. Unless the context requires otherwise, references to "Ares" or the "Company" refer to Ares Management, L.P. together with its subsidiaries.
	The accompanying financial statements include (1) the results of the Company subsequent to the Reorganization (as described below) and (2) prior to the Reorganization, the consolidated results of two affiliated entities, Ares Holdings Inc. ("AHI") and Ares Investments LLC ("AI"), which directly or indirectly hold controlling interests in AM LLC and Ares Investments Holdings LLC ("AIH LLC"), as well as their wholly owned subsidiaries (collectively, the "Predecessor"). Prior to the Reorganization, Ares Partners Management Company LLC ("APMC") directed 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 was shared among various minority, non-controlling strategic investment partners.
	In addition, certain Ares-affiliated funds, related co-investment entities and 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 generally accepted accounting principles in the United States ("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 in the accompanying consolidated financial statements; 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 consolidated financial statements. Further, cash flows allocable to noncontrolling interest in Consolidated Funds are specifically identifiable in the Consolidated Statement of Cash Flows.
	Reorganization
	Pursuant to a reorganization effectuated in connection with the initial public offering of the Company's common units ("IPO"), on May 1, 2014 the Company became a holding partnership, and the Company's sole assets became equity interests in AHI, Ares Domestic Holdings, Inc. ("Domestic Holdings"), Ares Offshore Holdings, Ltd., AI and Ares Real Estate Holdings LLC. The Company, either directly or through its 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.
	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 AI 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, Domestic Holdings, Ares Offshore Holdings, Ltd., Ares Real Estate Holdings LLC and a portion of its interest in Ares Investments. Similarly, Abu Dhabi Investment Authority ("ADIA") contributed its direct interest in AHI to its affiliate, AREC Holdings Ltd., a Cayman Islands exempted company ("AREC"). AREC then 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. held 34,540,079 common units in the Company and AREC held 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" or "AOG Units"). AREC has no direct interest in the Ares Operating Group entities. An affiliate of Alleghany Corporation ("Alleghany") retained a 6.25% direct interest, or 12,500,000 AOG Units, in each of the Ares Operating Group entities.
	These actions are referred to herein collectively as the "Reorganization".
	Initial Public Offering
	On May 7, 2014, the Company issued 11,363,636 common units in the IPO at a 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 holders of AOG Units, subject to any applicable transfer restrictions and other provisions, may up to four times each year from and after the second anniversary of the closing of the IPO exchange their AOG 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 May 7, 2015 (the first anniversary of our initial public offering). A holder of Ares Operating Group Units must exchange one Ares Operating Group Unit in each of the five Ares Operating Group entities to effect an exchange for a common unit of the Company.
	Following the consummation of the IPO, including the partial exercise by the underwriters of their overallotment option, assuming no exchange of AOG Units for common units, Ares Owners Holdings L.P. held a 42.82% direct interest in the Company, AREC held a 42.82% direct interest in the Company and the public held 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. held a 72.29% direct and indirect interest in the Ares Operating Group, an affiliate of Alleghany held a 5.91% direct interest in the Ares Operating Group, AREC held a 16.32% indirect interest in the Ares Operating Group and the public held a 5.48% indirect interest in the Ares Operating Group.
	At December 31, 2014, the direct and indirect ownership percentages of Ares Owners Holdings L.P, Alleghany, AREC and the public in the Ares Operating Group had changed due to the forfeiture of AOG Units at Ares Owners Holdings L.P. Please refer to Note 17 for further detail.
	The Company conducts all of its material business activities through the Ares Operating Group. Following the IPO, the Company consolidates the financial results of the Ares Operating Group entities, their consolidated subsidiaries and certain Consolidated Funds.
	As of December 31, 2014, the structure and ownership interests of the Company are reflected below:

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2014
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	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 fund. These rights are 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 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.
	As of December 31, 2014 and 2013, assets of consolidated VIEs reflected in the Consolidated Statements of Financial Condition were $14.2 billion and $14.2 billion, respectively, and are presented within "Assets of Consolidated Funds." As of December 31, 2014 and 2013, liabilities of consolidated VIEs reflected in the Consolidated Statements of Financial Condition were $13.2 billion and $13.1 billion, respectively, and are presented within "Liabilities of Consolidated Funds." The holders of the consolidated VIEs' liabilities do not have recourse to the Company other than to the assets of the consolidated VIEs. The assets and liabilities of the consolidated VIEs are comprised primarily of investment securities and loan obligations, respectively. All significant intercompany transactions and balances have been eliminated in consolidation.
	As of December 31, 2014 and 2013, the Company held $193.0 million and $162.7 million of investments in these consolidated VIEs, respectively, which represents its maximum exposure to loss. The maximum exposure to loss represents the Company's total investment in these entities.
	Certain funds that have historically been consolidated in the financial statements are no longer consolidated because, as of the reporting period: (a) they were liquidated or dissolved, including three and one for the years ended December 31, 2014 and 2013, respectively, (b) the Company no longer holds a majority voting interest, including four and none for the years ended December 31, 2014 and 2013, respectively, 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 significant rights to receive benefits from the VIEs, including eleven and none for the years ended December 31, 2014 and 2013, respectively. For deconsolidated funds, the Company continues as the general partner and/or investment manager until such funds are fully liquidated.
	Equity Appropriated for Consolidated Funds
	As of December 31, 2014 and 2013, the Company consolidated 31 and 35 CLOs, respectively. CLOs are investment vehicles created for the sole purpose of issuing collateralized loan obligations. Upon consolidation, the Company elected the fair value option for eligible liabilities to mitigate accounting mismatches between the carrying value of the assets and liabilities. The Company accounts for the excess in fair value of assets over liabilities upon initial consolidation of funds as an increase in equity appropriated for Consolidated Funds.
	The loan obligations issued by the CLOs are backed by diversified collateral asset portfolios and by structured debt or equity. In exchange for managing the collateral for the CLOs, the Company earns management fees, including, in some cases, senior and subordinated management fees, and in some cases, contingent performance fees. In cases where the Company earns fees from a fund that it consolidates with the CLOs, those fees have been eliminated as intercompany transactions. The Company's holdings in these CLOs are generally subordinated to other interests in the entities and entitle the Company to receive a pro rata portion of the residual cash flows, if any, from the entities. Additionally, the Company may invest in other senior secured notes, which are repaid based on available cash flows subject to priority of payments under each Consolidated CLO's governing documents. Investors in the CLOs generally have no recourse against the Company for any losses sustained in the capital structure of each CLO.
	Investments in Non-Consolidated Variable Interest Entities
	The Company holds interests in certain VIEs that are not consolidated because the Company is not deemed the primary beneficiary. The Company's interest in such entities generally is in the form of direct equity interests and fixed fee arrangements. The maximum exposure to loss represents the potential loss of assets by the Company relating to these non-consolidated entities. There is no difference between the carrying value and fair value as investments in the non-consolidated VIEs are carried at fair value. The Company's interests and the Consolidated Funds' interests in these non-consolidated VIEs and their respective maximum exposure to loss relating to non-consolidated VIEs are as follows:
			As of December 31,
			2014		2013
	Maximum exposure to loss attributable to the Company's investment in non-consolidated VIEs		$	14,851	$	12,366
	Maximum exposure to loss attributable to Consolidated Funds' investments in non-consolidated VIEs		$	2,519	$	96,223
	Basis of Accounting
	The accompanying consolidated financial statements are prepared in accordance with GAAP. Certain comparative amounts for prior periods have been reclassified to conform to the current year's presentation. Management has determined that the Company's Consolidated Funds are investment companies under GAAP for the purposes of financial reporting based on the following characteristics: the Consolidated Funds obtain funds from one or more investors and provide investment management services and the Consolidated Funds' business purpose and substantive activities are investing funds for returns from capital appreciation and/or investment income. Therefore, investments of Consolidated Funds are recorded at fair value and the unrealized appreciation (depreciation) in an investment's fair value is recognized on a current basis in the 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 consolidated financial statements, the Company has retained the specialized accounting guidance for the Consolidated Funds under 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 Consolidated Statements of Financial Condition. The excess of the CLO assets over the CLO liabilities upon consolidation is reflected in the Company's 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 Funds in the Consolidated Statements of Operations and equity appropriated for Consolidated Funds in the Consolidated Statements of Financial Condition.
	Risks and Uncertainties
	In the normal course of business, the Company encounters significant credit and market risk. Credit risk is the risk of default on investments in debt securities, loans and derivatives that result from a borrower's or derivative counterparty's inability or unwillingness to make required or expected payments. Credit risk is enhanced in situations where the Company or a Consolidated Fund is investing in distressed assets or unsecured or subordinate loans or in securities that are a material part of its respective business. Market risk reflects changes in the value of investments due to changes in interest rates, credit spreads or other market factors.
	The Company also makes investments outside of the United States. These non-U.S. investments are subject to the same risks associated with U.S. investments as well as additional risks, such as fluctuations in foreign currency exchange rates, unexpected changes in regulatory requirements, heightened risk of political and economic instability, difficulties in managing the investments, potentially adverse tax consequences and the burden of complying with a wide variety of foreign laws.
	Use of Estimates
	The preparation of financial statements in conformity with 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 high degree of judgment and complexity, and these assumptions and estimates may be significant to the consolidated financial statements. Actual results could differ from these estimates and such differences could be material.
	Investments
	Investments include (a) fair value investments held by the Company and Consolidated Funds and (b) loans held as investments by Consolidated Funds.
	The Company has retained the specialized investment company accounting guidance under GAAP with respect to substantially all of its investments. Thus, the consolidated investments are reflected in the Consolidated Statements of Financial Condition at fair value, with unrealized appreciation (depreciation) resulting from changes in fair value reflected as a component of net change in unrealized appreciation (depreciation) on investments in the Consolidated Statements of Operations. Fair value is the amount that would be received to sell an asset, or paid to transfer a liability, in an orderly transaction between market participants at the measurement date (i.e. the exit price).
	Loans held as investments are recorded at the outstanding unpaid principal balance less any allowance for loan losses. Loans receivable that the Company has the intent and ability to hold for the foreseeable future are classified as held-for-investment. Interest income is recognized in the period earned to the extent that such amounts are expected to be collected. In general, interest is accrued on loans held as investments upon the earlier of the occurrence of a payment default and there being reasonable doubt that principal and interest will be collected in full. Accrued and unpaid interest is generally reversed when a loan is placed on non-accrual status. Interest payments received on non-accrual loans may be recognized as income or applied to principal depending upon management's judgment regarding collectability. Non-accrual loans are restored to accrual status when, in management's judgment, the loan is no longer in payment default and principal and interest is likely to be collected in full for the remainder of the term of the loan. The Company may make exceptions to this if the loan has sufficient collateral value and the conditions of the loan are improving. As of December 31, 2014, the Company had $0.8 million of loans receivable that were on non-accrual status.
	Loan origination fees received for loans held as investments are deferred and recognized as income over the life of the related loan. The amortization of deferred loan origination fees is included in interest income and other investment income of Consolidated Funds. The Company also receives other various fees including fees for commitments, amendments and other services rendered by the Company to borrowers. Such fees are recognized as income when earned or the services are rendered. Any costs incurred related to such services rendered are expensed as incurred.
	The Company records an allowance for loan losses based on management's judgment of the estimated potential credit impairment in the portfolio of loans held as investments individually as well as at an aggregate level. The Company monitors the performance of each borrower using a number of factors including the estimated value of any underlying collateral, compliance with financial covenants, the operating capabilities and financial trends of the borrowers, as well as overall current economic conditions affecting specific borrowers. As a result, the Company records an allowance specific to individual loans held as investments when it is probable that the Company will be unable to collect all amounts (including both contractual principal and interest) according to the contract terms of the individual loan agreement. Additionally, the Company records a general allowance for overall credit exposure related to aggregate portfolio of loans held as investments representing the Company's best estimate of credit losses inherent in the portfolio. Various inputs are used in determining the general allowance for loan losses including, but not limited to, external loss factors, internal historical loss rates as well as environmental factors such as certain industry, geographical, economic and political factors.
	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 intangible assets 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 contract. Amortization is included as part of general, administrative and other expenses in the Consolidated Statements of Operations.
	The Company tests finite-lived intangible assets for impairment if certain events occur or circumstances change indicating that the carrying amount of the intangible asset may not be recoverable. The Company uses a two-step process to evaluate impairment. The first step compares the estimated undiscounted future cash flow attributable to the intangible asset being evaluated with its carrying amount. The second step, used to measure the amount of potential impairment, compares the fair value of the intangible asset with its carrying amount. If an impairment is determined to exist by management, the Company accelerates amortization expense so that the carrying value represents fair value.
	Goodwill represents the excess cost over identifiable net assets of an acquired business. 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. There have been no impairments of goodwill recorded as of December 31, 2014.
	Business Combinations
	The Company applies the provisions of ASC 805, Business Combinations ("ASC 805"), in the accounting for acquisitions. ASC 805 requires separate recognition of goodwill from the assets acquired and the liabilities assumed, at the acquisition date fair values. The Company accounts for business combinations using the acquisition method of accounting, under which the purchase price of the acquisition is allocated to the fair value of each asset acquired and liability assumed as of the acquisition date. Contingent consideration obligations are recognized as of the acquisition date at fair value based on the probability that contingency will be realized. Goodwill as of the acquisition date is measured as the excess of consideration transferred over the net of the acquisition date fair values of the assets acquired and the liabilities assumed. Acquisition-related costs in connection with a business combination are expensed as incurred.
	Management's determination of fair value of assets acquired and liabilities assumed at the acquisition date as well as contingent consideration are based on the best information available in the circumstances, and may incorporate management's own assumptions and involve a significant degree of judgment and estimates that are inherently uncertain and subject to refinement. As a result, during the measurement period, which may be up to one year from the acquisition date, the Company records adjustments to the assets acquired and liabilities assumed with the corresponding offset to goodwill. Upon the conclusion of the measurement period or final determination of the values of assets acquired or liabilities assumed, whichever comes first, any subsequent adjustments are recorded to the consolidated statements of operations.
	For a given acquisition, management may identify certain pre-acquisition contingencies as of the acquisition date and may extend the review and evaluation of these pre-acquisition contingencies throughout the measurement period in order to obtain sufficient information to assess whether management includes these contingencies as a part of the fair value estimates of assets acquired and liabilities assumed and, if so, to determine their estimated amounts. If management cannot reasonably determine the fair value of a pre-acquisition contingency by the end of the measurement period, which is generally the case given the nature of such matters, the Company will recognize an asset or a liability for such pre-acquisition contingency if: (i) it is probable that an asset existed or a liability had been incurred at the acquisition date and (ii) the amount of the asset or liability can be reasonably estimated. Subsequent to the measurement period, changes in the estimates of such contingencies would affect earnings and could have a material effect on the consolidated statements of operations and financial condition.
	Cash and Cash Equivalents
	Cash and cash equivalents for the Company includes liquid investments in money market funds and demand deposits. Cash and cash equivalents held at Consolidated Funds represents cash that, although not legally restricted, is not available to support the general liquidity needs of the Company, as the use of such amounts is generally limited to the investment activities of the Consolidated Funds.
	As the servicer to certain real estate investments, certain subsidiaries of the Company collect escrow deposits from borrowers to ensure the borrowers' obligations are met. These escrow deposits are represented as restricted cash and cash equivalents for the Company and are offset by escrow cash liability within accounts payable and accrued expenses in the Consolidated Statements of Financial Condition. Restricted cash for the Consolidated Funds represents cash that is legally segregated according to the underlying fund agreements. At December 31, 2014 and 2013, the Company had cash balances with financial institutions in excess of Federal Deposit Insurance Corporation insured limits. The Company monitors the credit standing of these financial institutions.
	Derivative Instruments
	The Company recognizes all derivatives as either assets or liabilities in the Consolidated Statements of Financial Condition and reports them at fair value.
	Fixed Assets
	Fixed assets, consisting of furniture, fixtures and equipment, leasehold improvements, and computer hardware and internal use software, are recorded at cost, less accumulated depreciation and amortization.
	Financial Instruments
	The Company considered cash and cash equivalents, receivables, equity-method investments, accounts payable, accrued expenses, other liabilities, debt obligations and assets and liabilities of the Consolidated Funds to be financial instruments. The carrying amounts reported in the Consolidated Statements of Financial Condition for these financial instruments equal or closely approximate their fair values.
	Non-Controlling Interests in Ares Operating Group Entities
	Following the Reorganization, non-controlling interests in Ares Operating Group entities represent a component of equity and net income attributable to the owners of AOG Units that are not held directly or indirectly by Ares Management, L.P. These interests are adjusted for contributions to and distributions from Ares Operating Group entities during the reporting period and are allocated income from the Ares Operating Group entities based on their historical ownership percentage for the proportional number of days in the reporting period.
	For the periods presented prior to the Reorganization, non-controlling interests in Ares Operating Group entities represent equity interests and net income attributable to various minority non-control oriented strategic investment partners, which were reflected as non-controlling interests in the Predecessor's historical results, as well as net income attributable to controlling interest in the Predecessor. The net income attributable to controlling interests in the Predecessor, from January 1, 2014 to April 30, 2014, is presented as net income attributable to non-controlling interests in Ares Operating Group entities within the Consolidated Statements of Operations.
	Redeemable Interest in Ares Operating Group Entities
	Redeemable interests in Ares Operating Group entities represent a portion of the collective ownership interest in Ares Operating Group Units granted to professionals of the Company in connection with the Company's acquisition of Indicus Advisors, LLP ("Indicus") during 2011. This ownership interest may be redeemed for a cash payment of $20.0 million provided that a portion of such interests are subject to certain conditions relating to continued employment. Income is allocated in proportion to the redeemable interests ownership percentage in Ares Operating Group Units.
	Management Fees
	Management fees are generally based on a defined percentage of fair value of assets, total commitments, invested capital, net asset value ("NAV"), net investment income, total assets or par value of the investment portfolios managed by the Company. Principally all management fees are earned from affiliated funds of the Company. The contractual terms of management fees vary by fund structure and investment strategy. Management fees are recognized as revenue in the period advisory services are rendered, subject to the Company's assessment of collectability.
	Management fees also include a quarterly performance fee on the investment income ("ARCC Part I Fees") from Ares Capital Corporation (NASDAQ: ARCC) ("ARCC"), a publicly traded business development company registered under the Investment Company Act and managed by a subsidiary of the Company. ARCC Part I Fees are equal to 20.0% of its net investment income (before ARCC Part I Fees and incentive fees payable based on capital gains), subject to a fixed "hurdle rate" of 1.75% per quarter, or 7.0% per annum. No fee is recognized until ARCC's net investment income exceeds a 1.75% hurdle rate, with a "catch-up" provision such that the Company receives 20% of ARCC's net investment income from the first dollar earned. Such fees from ARCC are classified as management fees as they are paid quarterly, predictable and recurring in nature, not subject to repayment (or clawback) and cash settled each quarter.
	Tradable Credit Group long-only credit funds:    Management fees generally range from 0.45% to 0.65% of principal par plus cash or NAV. The funds in the leveraged loan funds strategy have an average management contract term of 12.6 years as of December 31, 2014 and the fee ranges generally remain unchanged at the close of the re-investment period. The funds in the high-yield strategy generally represent open-ended managed accounts, which typically do not include investment period termination or management contract expiration dates.
	Tradable Credit Group alternative credit funds:    Management fees generally range from 0.50% to 1.75% of NAV, gross asset value, committed capital or invested capital. The funds in the credit opportunities strategy generally include open-ended or managed account structures, which typically do not include investment period termination or management contract expiration dates. The funds in the dynamic credit strategy are comprised of publicly traded closed-end funds, which typically do not include investment period termination or management contract termination dates. The funds in the special situations strategy are comprised of closed-end funds, with investment period termination or management contract termination dates and managed accounts, which do not include investment period termination or management contract termination dates. For certain closed-end funds in these strategies, following the expiration or termination of the investment period the management fees step down to 1.00% of the aggregate adjusted cost of unrealized portfolio investments. The funds in these strategies, excluding Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC) ("ARDC") and Ares Multi-Strategy Credit Fund, Inc. (NYSE:ARMF) ("ARMF") which have no investment periods, have an average management contract term of 10.1 years as of December 31, 2014.
	Direct Lending Group funds:    Management fees generally range from 0.75% to 2.00% of invested capital, NAV or total assets. Following the expiration or termination of the investment period the management fees for certain closed end funds and managed accounts in this strategy generally step down to between 0.50% and 1.50% of the aggregate cost or market value of the portfolio investments. In addition, management fees include the ARCC Part I Fees. The funds in this strategy, excluding ARCC which has no investment period termination, have an average management contract term of 8.8 years as of December 31, 2014.
	Private Equity Group funds:    As of December 31, 2014, management fees generally range from 1.50% to 2.00% of total capital commitments during the investment period. The management fees for such funds generally step down to between 0.75% and 1.125% of the aggregate adjusted cost of unrealized portfolio investments following the earlier to occur of: (i) the expiration or termination of the investment period or (ii) the launch of a successor fund. The funds in this strategy have an average management contract term of 12.5 years as of December 31, 2014.
	Real Estate Group funds:    Management fees generally range from 0.50% to 1.50% of invested capital, stockholders' equity or total capital commitments. Following the expiration or termination of the investment period, the basis on which management fees are earned for certain closed-end funds, managed accounts and co-investment vehicles in this strategy changes from committed capital to invested capital with no change in the management fee rate. The funds in this strategy, excluding Ares Commercial Real Estate Corporation (NYSE:ACRE) ("ACRE") which has no investment period termination, have an average management contract term of 10.8 years as of December 31, 2014.
Performance Fees
Performance fees are based on certain specific hurdle rates as defined in the applicable investment management agreements or governing documents. Substantially all performance fees are earned from affiliated funds of the Company. Performance fees are recorded on an accrual basis to the extent such amounts are contractually due.
The Company has elected to adopt Method 2 of ASC 605-20, Revenue Recognition ("ASC 605") for revenue based on a formula. Under this method, the Company records revenue when it is entitled to performance-based fees, subject to certain hurdles or benchmarks. Performance-based fees are assessed as a percentage of the investment performance of the fund. The performance fees for any period are based upon an assumed liquidation of the fund's net assets on the reporting date, and distribution of the net proceeds in accordance with the fund's income allocation provisions. The performance fees may be subject to reversal to the extent that the performance fees recorded exceed the amount due to the general partner or investment manager based on a fund's cumulative investment returns. As presented below, the terms of performance fees vary by fund structure and investment strategy; furthermore, the Company is not eligible to receive performance fees from every fund that it manages.
Tradable Credit Group long-only credit funds:    Performance fees generally represent 10% to 20% of each incentive eligible fund's profits, subject to a preferred return of approximately 7% to 12% per annum.
Tradable Credit Group alternative credit funds:    Performance fees generally represent 10% to 20% of each incentive eligible fund's profits, subject to a preferred return of approximately 5% to 9% per annum.
Direct Lending Group funds:    Performance fees generally represent 10% to 20% of each incentive eligible fund's profits or cumulative realized capital gains (net of realized capital losses and unrealized capital depreciation). Some funds are also subject to a preferred return of approximately 5% to 8% per annum.
Private Equity Group funds:    Performance fees represent 20% of each incentive eligible fund's profits, subject to a preferred return of approximately 8% per annum.
Real Estate Group funds:    Performance fees generally represent 10% to 25% of each incentive eligible fund's profits, subject to a preferred return of approximately 8% to 10% per annum.
Performance fees receivable is presented separately in the Consolidated Statements of Financial Condition and represents performance fees recognized but not yet collected. The timing of the payment of performance fees due to the general partner or investment manager varies depending on the terms of the applicable fund agreements. As of December 31, 2014, the Company had no accrued clawback obligations that would need to be paid if the funds were liquidated at their current fair values at that date.
Other Fees
The Company also provides administrative services to certain of its affiliated funds that are reported within other fees. These fees are recognized as revenue in the period administrative services are rendered. These fees are generally based on expense reimbursements that represent the portion of overhead and other expenses incurred by certain Operations Management Group professionals directly attributable to the fund, but may also be based on a fund's NAV for certain funds domiciled outside the U.S. Other fees also includes revenues associated primarily with Real Estate Group activities such as development and construction.
Equity-Based Compensation
The Company recognizes expense related to equity-based compensation transactions in which it receives employee services in exchange for (a) equity instruments of the Company, (b) derivatives based on the Company's common units or (c) liabilities that are based on the fair value of the Company's equity instruments.
Equity-based compensation expense represents expenses associated with the following:
(a)	granting of: (i) direct and indirect profit interests; (ii) put options to sell certain interests at a minimum value; (iii) purchase (or call) options to acquire additional membership interests; and (iv) restricted units, options and phantom units granted under the Ares Management, L.P. 2014 Equity Incentive Plan ("Equity Incentive Plan"); and
(b)	conversion of and acceleration in vesting of certain existing interests.
Equity-based compensation expense is determined based on the fair value of the respective equity award on the grant date and is recognized on a straight-line basis over the requisite service period, with a corresponding increase in partners' capital. Fair value of the restricted units and phantom units was determined to be the most recent closing price of common units. Certain restricted units are subject to a lock up provision that expires on the fifth anniversary of the IPO. The Company used Finnerty's average strike-price put option model to estimate the discount associated with this lack of marketability. The Company estimated the fair value of the options as of the grant date using Black-Scholes option pricing model.
The Company is required to estimate the equity-based awards that management ultimately expects to vest and to reduce equity-based compensation expense for the effects of estimated forfeitures of awards over the expense recognition period. The rate of future forfeitures is estimated based upon historical experience. Actual forfeitures may differ from management's estimate. Equity-based compensation expense is adjusted, as necessary, for actual forfeitures so as to reflect expenses only for the portion of the award that ultimately vests. Management considers on a quarterly basis whether there have been any significant changes in facts and circumstances that would affect the expected forfeiture rate.
The Company records deferred tax assets or liabilities for equity compensation plan awards based on deductions for income tax purposes of equity- based compensation recognized at the statutory tax rate in the jurisdiction in which the Company is expected to receive a tax deduction. In addition, differences between the deferred tax assets recognized for financial reporting purposes and the actual tax deduction reported on the Company's income tax returns are recorded as adjustments to partners' capital. If the tax deduction is less than the deferred tax asset, the calculated shortfall reduces the pool of excess tax benefits. If the pool of excess tax benefits is reduced to zero, then subsequent shortfalls would increase the income tax expense.
Equity-based compensation expense is presented within compensation and benefits in the Consolidated Statements of Operations.
Performance Fee Compensation
The Company has agreed to pay a portion of the performance fees earned from certain funds, including income from Consolidated Funds that is eliminated in consolidation, to investment and non-investment professionals. Depending on the nature of each fund, the performance fee allocation may be structured as a fixed percentage subject to vesting based on continued employment or service (generally over a period of five years) or as an annual award that is fully vested for the particular year. Other limitations may apply to performance fee allocation as set forth in the applicable governing documents of the fund or award documentation. Performance fee compensation is recognized in the same period that the related performance fee is recognized. Performance fee compensation can be reversed during periods when there is a decline in performance fees that were previously recognized.
Performance fee compensation payable represents the amounts payable to professionals who are entitled to a proportionate share of performance fees in one or more funds. The liability is calculated based upon the changes to realized and unrealized performance fees but not payable until the performance fee itself is realized.
Depreciation and Amortization
Depreciation and amortization expense is recognized on a straight-line method over an asset's estimated useful life, which for leasehold improvements is the lesser of the lease terms and the life of the asset, and for other fixed assets is generally between three and seven years. Fixed assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable.
Internal Use Software
Direct costs associated with developing, purchasing or otherwise acquiring software for internal use ("Internal Use Software") are capitalized and amortized on a straight-line basis over the expected useful life of the software, beginning when the software is implemented. Costs incurred for upgrades and enhancements that will not result in additional functionality are expensed as incurred. Useful lives of Internal Use Software generally vary from three to seven years.
Interest Income
Interest income is recognized on an accrual basis to the extent that such amounts are expected to be collected and includes interest, dividend, and investment income. Interest income earned by the Company was $3.3 million, $0.4 million and $2.6 million for the years ended December 31, 2014, 2013 and 2012, respectively, and is included in interest and other investment income in the accompanying Consolidated Statements of Operations. For the three years ended December 31, 2014, 2013 and 2012, interest income of the Consolidated Funds was $0.7 billion, $1.1 billion and $1.3 billion, respectively, and is included in interest and other investment income of Consolidated Funds in the accompanying Consolidated Statements of Operations.
Investment Income (Loss)
Investment income (loss) represents the unrealized and realized appreciation (depreciation) resulting from the investments of the Company and the Consolidated Funds. Investment income (loss) is realized when the Company redeems all or a portion of its investment or when the Company receives cash income, such as dividends or distributions. Realized investment income (loss) is presented within other investment income and within net realized gain (loss) on investments in the Consolidated Statements of Operations. Unrealized investment income (loss) results from changes in the fair value of the underlying investment as well as the reversal of unrealized appreciation (depreciation) at the time an investment is realized and is presented within net change in unrealized appreciation (depreciation) on investments in the Consolidated Statements of Operations.
Foreign Currency
The U.S. dollar is the Company's functional currency; however, certain transactions of the Company may not be denominated in U.S. dollars. Foreign exchange appreciation (depreciation) arising from these transactions are recognized within interest and other investment income in the Consolidated Statements of Operations. For the years ended December 31, 2014, 2013 and 2012, the Company recognized $0.3 million, $(0.6) million and $0.1 million, respectively, in transaction gains (losses) related to foreign currencies revaluation.
In addition, the combined and consolidated results include certain foreign subsidiaries and Consolidated Funds that use functional currencies other than the U.S. dollar. Assets and liabilities of these foreign subsidiaries are translated to U.S. dollars at the prevailing exchange rates as of the reporting date. Income and expense and gain and loss transactions denominated in foreign currencies are generally translated into U.S. dollars monthly using the average exchange rates during the respective transaction period. Translation adjustments resulting from this process are recorded to foreign currency translation adjustment in accumulated other comprehensive income.
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 and Domestic Holdings, which are U.S. corporations for tax purposes. Their income is subject to U.S. federal, state and local income taxes and certain of their 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 and Domestic Holdings' 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.
Income taxes are accounted for using the liability method of accounting. Under this method, deferred tax assets and liabilities are recognized for the expected future tax consequences of differences between the carrying amounts of assets and liabilities and their respective tax basis, using tax rates in effect for the year in which the differences are expected to reverse. The effect on deferred assets and liabilities of a change in tax rates is recognized as income in the period when the change is enacted. Deferred tax assets are reduced by a valuation allowance when it is more likely than not that some portion or all of the deferred tax assets will not be realized. Current and deferred tax liabilities are reflected on a net basis in the Consolidated Statements of Financial Condition.
The Company analyzes its tax filing positions in all U.S. federal, state, local and foreign tax jurisdictions where it is required to file income tax returns for all open tax years in these jurisdictions. The Company recognizes the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained upon examination by the taxing authorities based on the technical merits of the position. The tax benefit recognized in the financial statements for a particular tax position is based on the largest benefit that is more likely than not to be realized. The amount of unrecognized tax benefits ("UTBs") is adjusted as appropriate for changes in facts and circumstances, such as significant amendments to existing tax law, new regulations or interpretations by the taxing authorities, new information obtained during a tax examination, or resolution of an examination. The Company recognizes both accrued interest and penalties, where appropriate, related to UTBs in general, administrative and other expenses in the Consolidated Statements of Operations.
Tax laws are complex and subject to different interpretations by the taxpayer and respective governmental taxing authorities. Significant judgment is required in determining tax expense and in evaluating tax positions, including evaluating uncertainties under GAAP. The Company reviews its tax positions quarterly and adjusts its tax balances as new information becomes available.
Income Allocation
Income (loss) before taxes is allocated based on each partner's average daily ownership of the Ares Operating Group entities for each year presented. The net income attributable to Ares Management, L.P. for the year ended December 31, 2014 represents its average daily ownership of 38.02% from May 1, 2014, the effective date of the Reorganization, to December 31, 2014.
Earnings Per Common Unit
Basic earnings per common unit are computed by dividing income available to common unitholders by the weighted-average number of common units outstanding during the period. Income available to common unitholders represents net income applicable to Ares Management, L.P.
Diluted earnings per unit is computed by dividing income available to common unitholders by the weighted-average number of common units outstanding during the period, increased to include the number of additional common units that would have been outstanding if the potentially dilutive securities had been issued. Potentially dilutive securities include outstanding options to acquire units, unvested restricted units and AOG Units exchangeable for common units. The dilutive effect of potentially dilutive securities is reflected in diluted earnings per unit by application of the treasury stock method and the two-class method. Unvested share-based payment awards that contain non-forfeitable rights to distribution or distribution equivalents (whether paid or unpaid) are participating securities and shall be considered in the computation of earnings per unit pursuant to the two-class method. Unvested restricted units that pay distribution equivalents are deemed participating securities and are included in basic and diluted earnings per unit calculation under the two-class method.
Under the treasury stock method, if the average market price of a common unit increases above the option's exercise price, the proceeds that would be assumed to be realized from the exercise of the option would be used to acquire outstanding common units. The dilutive effect of awards is directly correlated with the fair value of the common units. However, the awards may be antidilutive when the market price of the underlying unit exceeds the option's exercise price. This result is possible because the compensation expense attributed to future services, but not yet recognized, is included as a component of the assumed proceeds upon exercise.
Comprehensive Income (Loss)
Comprehensive income (loss) consists of net income (loss) and other appreciation (depreciation) affecting partners' capital that, under U.S. GAAP, are excluded from net income (loss). The Company's other comprehensive income (loss) includes foreign currency translation adjustments.
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 and early application is prohibited. The adoption of this guidance did not have a material impact on the Company's financial statements.
The Company primarily invests in certain partnerships, or funds, managed by its affiliates. These fund investments are based on contractual capital commitments and, in accordance with the terms of the underlying partnership agreements, require the Company to provide capital upon written notice. In connection with these capital commitments, during the year ended December 31, 2014, the Company provided capital of approximately $75.2 million to Consolidated Funds. As of December 31, 2014, the Company had unfunded contractual commitments to various Consolidated Funds of $38.3 million. The Company maintains sufficient liquidity to fund such commitments when the need arises.
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. Early adoption is permitted. The guidance should be applied prospectively to all unrecognized tax benefits that exist at the effective date. Retrospective application is permitted. The adoption of this guidance did not have a material impact on the Company's financial statements.
In January 2014, FASB amended its guidance to allow the use of the simplified hedge accounting approach to account for swaps that are entered into for the purpose of economically converting a variable-rate borrowing into a fixed-rate borrowing. Alternatively, that entity may continue to follow the current guidance in ASC Topic 815: Derivatives and Hedging. The amendments in this update allow the swap to be measured at its settlement value instead of fair value when applying the simplified hedge accounting approach. The guidance is effective for interim and annual periods beginning after December 15, 2014. The Company does not expect the adoption of this guidance to have a material impact on its financial statements.
In May 2014, the FASB issued guidance for recognizing revenue from contracts with customers. The guidance in this update supersedes the revenue recognition requirements in Topic 605, "Revenue Recognition." Under the new guidance, 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 amendments are 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.
In June 2014, FASB issued guidance to bring clarification to the accounting for share-based payment awards that require a specific performance target to be achieved in order for the award to vest even after the requisite service period. Under the new guidance, performance targets that could affect vesting and be achieved after the requisite service period will be treated as a performance condition and should not be reflected in estimating the fair value of the award at grant date. Compensation expense should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the compensation expense attributable to the period(s) for which the requisite service has already been rendered. The guidance is effective for annual reporting periods beginning after December 15, 2015, including interim periods within that reporting period. Early application is permitted. The Company does not believe this guidance will have a material impact on its financial statements.
In August 2014, the FASB issued guidance to provide an alternative to fair value measurement for measuring the financial assets and the financial liabilities of a collateralized financing entity that is consolidated under Topic 810, "Consolidation." The guidance in this update was issued to address the fact that the fair value of a collateralized financing entity's financial assets may differ from the fair value of its financial liabilities even though the financial liabilities have recourse only to the financial assets. Under the new guidance, a reporting entity can elect to measure both the financial assets and the financial liabilities of that collateralized financing entity in its consolidated financial statements using the more observable of the fair value of the financial assets and the fair value of the financial liabilities. The amendments are effective for annual reporting periods, including interim periods within those reporting periods, beginning after December 15, 2015. Early adoption is permitted as of the beginning of an annual period. The Company continues to evaluate the impact this guidance will have on its consolidated financial statements.
In August 2014, the FASB issued guidance on management's responsibility in evaluating whether there is substantial doubt about a company's ability to continue as a going concern. For each reporting period, management will be required to evaluate whether conditions or events exist that raise substantial doubt about a company's ability to continue as a going concern within one year from the date the financial statements are issued. The amendments are effective for the annual period ending after December 15, 2016, and for annual and interim periods thereafter. Early application is permitted. The Company does not believe this guidance will have a material impact on its consolidated financial statements.
In November 2014, the FASB issued guidance for determining whether the host contract in a hybrid financial instrument issued in the form of a share is more akin to debt or to equity. There are currently two methods predominately used in practice in evaluating whether the nature of the host contract within a hybrid financial instrument is more akin to debt or equity. The guidance was issued to address the fact that use of different methods can result in different accounting outcomes for economically similar hybrid financial instruments and provides for elimination of the use of different methods in practice. The amendments are effective for public companies for annual reporting periods, and interim periods within those reporting periods, beginning after December 15, 2015. The Company continues to evaluate the impact this guidance will have on its consolidated financial statements.
In January 2015, the FASB issued guidance simplifying the income statement presentation by eliminating the concept of extraordinary items. Extraordinary items are events and transactions that are distinguished by their unusual nature and by the infrequency of their occurrence. Eliminating the extraordinary classification simplifies income statement presentation by altogether removing the concept of extraordinary items from consideration. The amendments are effective for annual reporting periods, including interim periods within those reporting periods, beginning after December 15, 2015. Early adoption is permitted provided that the guidance is applied from the beginning of the annual reporting period. The Company does not believe this guidance will have a material impact on its consolidated financial statements.
In February 2015, the FASB amended the consolidation standards for reporting entities that are required to evaluate whether they should consolidate certain legal entities. Under the new guidance, all legal entities are subject to reevaluation under the revised consolidation model. Specifically, the guidance (i) modifies the evaluation of whether limited partnerships and similar legal entities are variable interest entities (VIEs) or voting interest entities; (ii) eliminates the presumption that a general partner should consolidate a limited partnership; (iii) affects the consolidation analysis of reporting entities that are involved with VIEs, particularly those that have fee arrangements and related party relationships; and (iv) provides a scope exception from consolidation guidance for reporting entities with interests in legal entities that are required to comply with or operate in accordance with requirements that are similar to those in Rule 2a-7 of the Investment Company Act for registered money market funds. The amendments are effective for annual reporting periods, beginning after December 15, 2015. Early adoption is permitted, including adoption in an interim period. The Company is currently evaluating the impact of this guidance on its consolidated financial statements.

GOODWILL_AND_INTANGIBLE_ASSETS

GOODWILL AND INTANGIBLE ASSETS	12 Months Ended
	Dec. 31, 2014
GOODWILL AND INTANGIBLE ASSETS
GOODWILL AND INTANGIBLE ASSETS	3. GOODWILL AND INTANGIBLE ASSETS
	Business Combinations
	In June 2014, AM LLC acquired for $60.0 million in cash and $2.0 million of contingent consideration i) Keltic Financial Services LLC ("Keltic"), a commercial finance company headquartered in New York that provides asset based loans to small and middle market companies; and ii) the net assets of Keltic Financial Partners II, of which Keltic was the general partner. The Company allocated $38.0 million of the purchase price to the fair value of the acquired net assets, which were effectively contributed to ACF Finco I L.P., a limited partnership managed by a subsidiary of the Company. The remaining $24.0 million of the purchase price was recorded as goodwill, which may be modified for the first twelve months following the acquisition date, subject to evaluating all provisions of the agreement. The financial results of ACF Finco I L.P. are included within the consolidated financial statements presented herein.
	On July 1, 2013, the Company purchased a 35.0% ownership interest in AREA Sponsor Holdings, LLC and a 100.0% ownership interest in AREA Management Holdings, LLC, a global real estate investment and asset manager headquartered in New York, for approximately $130.1 million, comprised of cash, notes, the assumption of debt and membership interests in AI and AHI, which were converted to AOG Units in connection with the Reorganization. The acquisition resulted in an increase in goodwill of $50.0 million and an increase in finite-lived intangible assets of $35.1 million, primarily comprising contractual rights to earn future fee income, with the remaining $44.6 million of the purchase price allocated to the identifiable assets and liabilities.
	The following table summarizes the carrying value for the Company's intangible assets:
			As of December 31,
			2014			2013
	Finite-lived intangible assets		$	114,102		$	114,855
	Less accumulated amortization			(73,154	)		(46,113	)
	Finite-lived intangible assets, net			40,948			68,742
	Goodwill			85,582			58,159
	Total intangible assets and goodwill, net		$	126,530		$	126,901
	Finite-Lived Intangible Assets, Net
	Intangible assets, net represents the fair value in excess of carrying value related to the acquisition of management contracts and the future benefits of managing new assets for existing clients.
	The following table summarizes the carrying value, net of accumulated amortization, for the Company's intangible assets:
			As of December 31,
			2014			2013
	Previously acquired management contracts(1)		$	79,002		$	79,755
	AREA acquired management contracts			35,100			35,100
	Total intangible assets acquired		$	114,102		$	114,855
	Less: accumulated amortization		$	(73,154	)	$	(46,113	)
	Intangible assets, net		$	40,948		$	68,742
	-1	Intangibles relating to London based asset manager are recorded in Pounds Sterling and are translated at spot rate at each reporting date.
	Amortization expense associated with intangible assets was $27.6 million, $34.4 million and $8.7 million for the years ended December 31, 2014, 2013 and 2012, respectively, and is presented within general, administrative and other expenses within the Consolidated Statements of Operations.
	At December 31, 2014, future annual amortization of finite-lived intangible assets for the years ending 2015 through 2019 and thereafter is estimated to be:
	Year		Amortization
	2015		$	19,943
	2016			9,896
	2017			6,530
	2018			1,802
	2019			1,172
	Thereafter			1,605
	Total		$	40,948
	During 2013, the Company evaluated for impairment certain intangible assets associated with acquired contractual rights to earn future management fees and performance fees in its Tradable Credit Group. The Company determined the fair value of these intangibles based on expected future cash flow of the contracts. In 2013, the reduction in useful lives of the contracts, as well as the change in the discount rate, reduced expected future cash flow. As a result, the Company recognized an impairment of $17.6 million for the year ended December 31, 2013, to reduce the carrying value of the intangibles to their estimated fair value by recording additional amortization expense. For the year ended December 31, 2014, the Company accelerated amortization expense by $4.2 million to remove the remaining carrying value of certain management contracts within the Tradable Credit and Real Estate Groups that had terminated.
	Goodwill
	During the year ended December 31, 2014, the Company evaluated three leases assumed in connection with its acquisition of AREA Management Holdings, LLC. Based upon the existing terms of the acquired leases, the Company determined that the contractual lease payments exceeded current market conditions. The Company recorded an unfavorable lease liability of $3.4 million with a corresponding increase to goodwill. The unfavorable lease liability represents the discounted cash flows associated with the difference between the contractual lease payments and market-based lease payments.

INVESTMENTS

INVESTMENTS	12 Months Ended
	Dec. 31, 2014
INVESTMENTS
INVESTMENTS	4. INVESTMENTS
	Investments are accounted for at fair value in accordance with the investment company guidance.
	The Company's investments are presented below:
					Fair value at										Fair value as a percentage
															of total investments at
					December 31,					December 31,					December 31,			December 31,
					2014					2013					2014			2013
	Private Investment Partnership Interests:
	AREA European Property Enhancement Program L.P.				$		1,760			$		1,735				1.0	%		1.9	%
	AREA Sponsor Holdings LLC						40,296					31,560				23.6	%		35.4	%
	Ares Capital Europe II (D), L.P.						15,592					—				9.2	%		—
	Ares Capital Europe II (E), L.P.(2)						31					—				0.0	%		—
	Ares Centre Street Partnership, L.P.						256					—				0.2	%		—
	Ares Corporate Opportunities Fund, L.P.(1)						777					1,009				0.5	%		1.1	%
	Ares Corporate Opportunities Fund IV, L.P.						21,836					—				12.8	%		—
	Ares Credit Strategies Fund II, L.P.						627					1,998				0.4	%		2.2	%
	Ares Credit Strategies Fund III, L.P.						19					—				0.0	%		—
	Ares Enhanced Loan Investment Strategy IX, L.P.						—					512				—			0.6	%
	Ares European Credit Strategies Fund (C) L.P(2).						497					301				0.3	%		0.3	%
	Ares European Real Estate Fund IV L.P.						2,455					—				1.4	%		—
	Ares Multi-Strategy Credit Fund V (H), L.P.						1,068					1,022				0.6	%		1.1	%
	Ares Special Situations Fund I-B, L.P.						2					—				0.0	%		—
	Ares Special Situations Fund III, L.P.						26,867					24,253				15.8	%		27.2	%
	Ares SSF Riopelle, L.P.						4,211					—				2.5	%		—
	Ares Strategic Investment Partners, L.P.						75					—				0.0	%		—
	Ares Strategic Investment Partners III, L.P.						2,672					2,714				1.6	%		3.0	%
	Ares Strategic Real Estate Program—HHC, LLC						3,094					1,227				1.8	%		1.4	%
	Ares US Real Estate Fund VIII, L.P.						1,574					—				0.9	%		—
	Resolution Life L.P.						45,348					21,846				26.6	%		24.4	%
	Total private investment partnership interests (cost: $128,756 and $68,580 at December 31, 2014 and 2013, respectively)						169,057					88,177				99.2	%		98.6	%
	Common Stock:
	Ares Multi-Strategy Credit Fund, Inc.						89					89				0.1	%		0.1	%
	Total common stock (cost: $108 and $100 at December 31, 2014 and 2013, respectively)						89					89				0.1	%		0.1	%
	Corporate Bonds:
	Ares Commercial Real Estate Corporation Convertible Senior Notes						1,178					1,172				0.7	%		1.3	%
	Total corporate bond (cost: $1,150 and $1,150, at December 31, 2014 and 2013, respectively)						1,178					1,172				0.7	%		1.3	%
	Total fair value investments (cost: $130,014 and $69,830 at December 31, 2014 and 2013, respectively)				$		170,324			$		89,438				100.0	%		100.0	%
	-1	Security represents the sole investment held by ACOF Co-Investors LLC
	-2	Denominated in foreign currency; fair value is translated into U.S. Dollars
	Investments held in the Consolidated Funds are summarized below:
			Fair value at					Fair value as a
								percentage of total
								investments at
			December 31,			December 31,		December 31,			December 31,
			2014			2013		2014			2013
	United States:
	Fixed income securities:
	Consumer discretionary		$	3,136,899		$	4,146,611		16.3	%		20.0	%
	Consumer staples			221,708			338,735		1.2	%		1.6	%
	Energy			416,861			535,857		2.2	%		2.6	%
	Financials			401,673			544,879		2.1	%		2.6	%
	Healthcare, education and childcare			1,191,619			1,176,418		6.2	%		5.6	%
	Industrials			1,717,523			2,038,390		9.0	%		9.8	%
	Information technology			745,920			542,377		3.9	%		2.6	%
	Materials			393,569			463,864		2.1	%		2.2	%
	Partnership and LLC interests			16,256			—		0.1	%		0.0	%
	Telecommunication services			1,287,688			1,153,691		6.7	%		5.5	%
	Utilities			223,553			222,410		1.2	%		1.1	%
	Total fixed income securities (cost: $9,928,006 and $11,071,982, at December 31, 2014 and 2013, respectively)			9,753,269			11,163,232		51.0	%		53.6	%
	Equity securities:
	Consumer discretionary			2,852,369			2,464,520		14.9	%		11.9	%
	Consumer staples			443,711			201,059		2.3	%		1.0	%
	Energy			150,755			193,946		0.8	%		1.0	%
	Financials			8,272			6,172		0.0	%		0.0	%
Healthcare, education and childcare			464,159			296,817		2.4	%		1.5	%
Industrials			128,247			134,544		0.7	%		0.6	%
Materials			—			31		—			0.0	%
Partnership and LLC interests			89,105			41,001		0.5	%		0.2	%
Telecommunication services			16,576			51,921		0.1	%		0.2	%
Total equity securities (cost: $2,964,900 and $2,733,448 at December 31, 2014 and 2013, respectively)			4,153,194			3,390,011		21.7	%		16.4	%
		Fair value at					Fair value as a
							percentage of total
							investments at
		December 31,			December 31,		December 31,			December 31,
		2014			2013		2014			2013
Europe:
Fixed income securities:
Consumer discretionary			1,080,270			1,858,364		5.6	%		8.9	%
Consumer staples			126,766			175,440		0.7	%		0.8	%
Energy			16,509			4,906		0.1	%		0.0	%
Financials			345,811			322,355		1.8	%		1.5	%
Healthcare, education and childcare			303,116			410,726		1.6	%		2.0	%
Industrials			526,214			485,243		2.8	%		2.3	%
Information technology			130,504			140,976		0.7	%		0.7	%
Materials			326,659			328,867		1.7	%		1.6	%
Telecommunication services			833,015			944,800		4.4	%		4.5	%
Utilities			2,516			37,001		0.0	%		0.2	%
Total fixed income securities (cost: $3,813,343 and $4,747,808 at December 31, 2014 and 2013, respectively)			3,691,380			4,708,678		19.4	%		22.5	%
Equity securities:
Consumer discretionary			2,940			10,686		0.0	%		0.1	%
Consumer staples			862			668		0.0	%		0.0	%
Healthcare, education and childcare			27,774			28,607		0.1	%		0.1	%
Industrials			76			8,595		0.0	%		0.0	%
Materials			—			773		—			0.0	%
Partnership and LLC interests			17,107			—		0.1	%		—
Telecommunication services			4,686			1,524		0.0	%		0.0	%
Total equity securities (cost: $98,913 and $83,277 at December 31, 2014 and 2013, respectively)			53,445			50,853		0.2	%		0.2	%
Asia and other:
Fixed income securities:
Consumer discretionary			73,250			43,538		0.4	%		0.2	%
Financials			493,618			456,463		2.6	%		2.2	%
Healthcare, education and childcare			41,536			14,556		0.2	%		0.1	%
Information technology			—			22,012		—			0.1	%
Materials			—			15,885		—			0.1	%
Telecommunication services			30,777			81,978		0.2	%		0.4	%
Total fixed income securities (cost: $579,436 and $593,188, at December 31, 2014 and 2013, respectively)			639,181			634,432		3.4	%		3.1	%
Equity securities:
Consumer discretionary			89,897			—		0.5	%		—
Consumer staples			62,467			77,572		0.3	%		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			13,478			—		0.1	%		—
Utilities			8,994			4,724		0.0	%		0.0	%
Total equity securities (cost: $184,022 and $135,631 at December 31, 2014 and 2013, respectively)			261,393			158,736		1.4	%		0.8	%
				Fair value at										Fair value as a
														percentage of total
														investments at
				December 31,					December 31,					December 31,			December 31,
				2014					2013					2014			2013
Canada:
Fixed income securities:
Consumer discretionary						71,379					121,132				0.4	%		0.6	%
Energy						60,605					87,469				0.3	%		0.4	%
Healthcare, education and childcare						84,470					104,464				0.4	%		0.5	%
Industrials						30,009					16,331				0.2	%		0.1	%
Materials						5,625					—				0	%		—
Partnership and LLC interests						1,327					—				0	%		—
Telecommunication services						109,805					142,374				0.6	%		0.7	%
Total fixed income securities (cost: $396,108 and $480,231at December 31, 2014 and 2013, respectively)						363,220					471,770				1.9	%		2.3	%
Equity securities:
Consumer discretionary						—					892				—			0	%
Energy						—					51,187				—			0.2	%
Total equity securities (cost: $68,249 and $75,256 at December 31, 2014 and 2013, respectively)						—					52,079				—			0.2	%
Australia:
Fixed income securities:
Consumer discretionary						—					203				—			0	%
Energy						66,150					—				0.3	%		—
Industrials						32,146					99,376				0.2	%		0.5	%
Utilities						94,738					68,513				0.5	%		0.3	%
Total fixed income securities (cost: $213,759 and $169,831 at December 31, 2014 and 2013, respectively)						193,034					168,092				1	%		0.8	%
Equity Securities:
Telecommunication services						7,547					16,102				0	%		0.1	%
Utilities						8,287					9,353				0	%		0	%
Total equity securities (cost: $22,233 and $30,140 at December 31, 2014 and 2013, respectively)						15,834					25,455				0	%		0.1	%
Total fixed income securities						14,640,084					17,146,204				76.7	%		82.3	%
Total equity securities						4,483,866					3,677,134				23.3	%		17.7	%
Total investments, at fair value				$		19,123,950			$		20,823,338				100	%		100	%
Securities sold short, at fair value				$		(3,763	)		$		(1,633		)
At December 31, 2014 and 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	12 Months Ended
	Dec. 31, 2014
FAIR VALUE
FAIR VALUE	5. FAIR VALUE
	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 investments held by the Company and by the Consolidated Funds 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 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 the Company 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, as of December 31, 2014 and 2013, the Company believes that NAV per share represents the fair value of the investments.
	The substantial majority of the Company's private commingled funds are closed-ended, and accordingly, do not permit investors to redeem their interests other than in limited circumstances that are beyond the control of the Company, such as instances in which retaining the interest could cause the investor 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 constituent documents, 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 non-binding broker 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. For investments where more than one quote is received, the investments are classified as Level II. For investments where only one quote is received, the investments are classified as Level III as 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 tables below summarize the valuation of investments and other financial instruments by fair value hierarchy levels for the Company and Consolidated Funds as of December 31, 2014:
	Investments of the Company
			Level I			Level II			Level III			Total
	Investments, at fair value
	Equity securities		$	89		$	—		$	—		$	89
	Bonds			—			1,178			—			1,178
	Partnership interests			—			—			169,057			169,057
	Total investments, at fair value			89			1,178			169,057			170,324
	Derivative assets, at fair value
	Forward foreign currency contracts			—			5,721			—			5,721
	Purchased option contracts			—			1,902			—			1,902
	Total derivative assets, at fair value			—			7,623			—			7,623
	Total		$	89		$	8,801		$	169,057		$	177,947
	Derivative liabilities, at fair value
	Forward foreign currency contracts			—			(2,003	)		—			(2,003	)
	Interest rate contracts			—			(847	)		—			(847	)
	Total derivative liabilities, at fair value		$	—		$	(2,850	)	$	—		$	(2,850	)
	Investments of Consolidated Funds
			Level I			Level II			Level III			Total
	Investments, at fair value
	Equity securities		$	590,095		$	513,771		$	3,263,311		$	4,367,177
	Bonds			—			1,113,103			565,634			1,678,737
	Loans			—			11,312,518			1,070,494			12,383,012
	Collateralized loan obligations			—			—			556,267			556,267
	Partnership interests			—			—			137,272			137,272
	Other			—			336			1,149			1,485
	Total investments, at fair value		$	590,095		$	12,939,728		$	5,594,127		$	19,123,950
	Derivative assets, at fair value
	Credit contracts			—			—			—			—
	Foreign exchange contracts			—			2,070			—			2,070
	Other			—			1,056			—			1,056
	Total derivative assets, at fair value			—			3,126			—			3,126
	Total		$	590,095		$	12,942,854		$	5,594,127		$	19,127,076
	Derivative liabilities, at fair value
	Forward foreign currency contracts		$	—		$	(6,906	)		—		$	(6,906	)
	Credit contracts			—			(13,263	)		—			(13,263	)
	Interest rate swaps			—			(21	)		—			(21	)
	Other			—			—			(22,142	)		(22,142	)
	Total derivative liabilities, at fair value			—			(20,190	)		(22,142	)		(42,332	)
	Loan obligations of CLOs(1)			—			—			(12,049,019	)		(12,049,019	)
	Securities sold short, at fair value			—			(3,763	)		—			(3,763	)
	Total		$	—		$	(23,953	)	$	(12,071,161	)	$	(12,095,114	)
	-1	Ares Enhanced Loan Investment Strategy II, Ltd. has not elected to fair value its loan obligation and is therefore carried at cost of $151.
	The tables below summarize the valuation of investments and other financial instruments by fair value hierarchy levels for the Company and Consolidated Funds 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	)
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		$	—		$	(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 year ended December 31, 2014:
Investments of the Company
		Partnership
		Interests
Balance, beginning of period		$	88,177
Investment in deconsolidated fund(3)			9,951
Transfer in			8,326
Purchases(1)			91,646
Sales(2)			(74,964	)
Realized and unrealized appreciation (depreciation), net			45,921
Balance, end of period		$	169,057
Changes in unrealized appreciation (depreciation) included in earnings related to financial assets still held at the reporting date		$	15,448
Investments of Consolidated Funds
		Equity			Fixed Income			Partnership			Other			Total
		Securities						Interests			Financial
											Instruments
Balance, beginning of period		$	2,958,232		$	3,627,153		$	41,001		$	(1,348	)	$	6,625,038
Deconsolidation of funds(3)			(140	)		(378,397	)		8,292			—			(370,245	)
Transfer in			—			334,015			—			—			334,015
Transfer out			(226,897	)		(300,930	)		(8,326	)		—			(536,153	)
Purchases(1)			544,994			503,948			87,221			254			1,136,417
Sales(2)			(240,596	)		(1,492,608	)		(1,251	)		(3,733	)		(1,738,188	)
Accrued discounts/premiums			12,370			16,630			—			—			29,000
Realized and unrealized appreciation (depreciation), net			215,348			(117,416	)		10,335			(16,166	)		92,101
Balance, end of period		$	3,263,311		$	2,192,395		$	137,272		$	(20,993	)	$	5,571,985
Changes in unrealized appreciation (depreciation) included in earnings related to financial assets still held at the reporting date		$	284,280			(48,456	)	$	9,657			(19,861	)	$	225,620
-1	Purchases include paid-in-kind interest and securities received in connection with restructurings.
-2	Sales include paid-in-kind interest, principal redemptions and securities disposed of in connection with restructurings.
-3	Represents investment in Consolidated Fund that was deconsolidated during the period. Balance was previously eliminated upon consolidation and not reported as Level III investment.
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:
Investments of the Company
		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 (depreciation), net			—			17,600			17,600
Balance, end of period		$	—		$	88,177		$	88,177
Changes in unrealized appreciation (depreciation) included in earnings related to financial assets still held at the reporting date		$	—		$	16,816		$	16,816
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
Total realized and unrealized appreciation (depreciation) recorded for the Company's Level III investments are included in net realized gain (loss) on investments and net change in unrealized appreciation (depreciation) on investments in the 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 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 or fewer quotes from a broker or independent pricing service. For the year ended December 31, 2014, transfers from Level I to Level II included $15.4 million of restricted common stock received in exchange for an exchange-traded common equity investment upon the exercise of warrants. Transfers from Level II to Level I included $13.7 million due to the removal of a restriction on the same security and $3.3 million of common stock due to change in the qualitative valuation method used.
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 years ended December 31, 2014 and 2013:
		For the year ended
		December 31,
		2014			2013
Balance, beginning of period		$	11,534,956		$	9,422,570
Borrowings			2,964,522			2,757,493
Paydowns			(1,825,322	)		(934,620	)
Realized and unrealized gains, net			(625,137	)		289,513
Balance, end of period		$	12,049,019		$	11,534,956
The following tables summarize the quantitative inputs and assumptions used for the Company's Level III inputs as of December 31, 2014:
Investments		Fair			Valuation Technique(s)		Unobservable		Range
		Value					Input(s)
Assets
Partnership interests		$	123,709		NAV		N/A		N/A
Partnership interests			45,348		Recent Transaction Price(1)		N/A		N/A
Total		$	169,057
-1	Recent transaction price consists of securities purchased or restructured within 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 Consolidated Funds' Level III inputs as of December 31, 2014:
Investments		Fair Value			Valuation Technique(s)		Unobservable Input(s)		Range		Weighted
											Average
Assets
Equity securities
Consumer discretionary		$	2,940		EV market multiple analysis		EBITDA multiple		9.4x		9.4x
			208,498		Market approach (comparable companies)		Book value multiple		1.7x - 2.0x		1.9x
			2,121,864		Market approach (comparable companies)		EBITDA multiple		7.0x - 15.0x		10.7x
			979		Other		Future distribution estimates		18.7x		18.7x
			5,140		Other		Illiquidity discount		15.00%		15.00%
Consumer staples			862		EV market multiple analysis		EBITDA multiple		7.9x		7.9x
			10,349		Market approach (comparable companies)		EBITDA multiple		7.0x		7.0x
			44,553		Market approach (comparable companies)(2)		Net income multiple		11.0x		11.0x
Energy			136,045		Discounted Cash Flow		Discount rate		9.00%		9.00%
							EBITDA multiple		7.5x		7.5x
Financials			8,272		EV market multiple analysis		EBITDA multiple		10.5x		10.5x
Healthcare, education, and childcare			27,774		EV market multiple analysis		EBITDA multiple		1.6x - 7.1x		5.4x
			463,075		Market approach (comparable companies)		EBITDA multiple		8.0x - 13.0x		11.2x
			33,610		Market approach (comparable companies)		Net income multiple		35.0x		35.0x
Industrials			76		Recent transaction price(1)		N/A		N/A		N/A
			128,182		Market approach (comparable companies)		EBITDA multiple		8.0x - 12.0x		9.8x
Materials			52,947		Market approach (comparable companies)		Net income multiple		9.0x		9.0x
Telecommunication services			331		Broker quotes and/or 3rd party pricing services		N/A		N/A		N/A
			533		EV market multiple analysis		EBITDA multiple		10.0x		10.0x
Utilities			17,281		Broker quotes and/or 3rd party pricing services		N/A		N/A		N/A
Fixed Income securities
Consumer discretionary			256,994		Broker quotes and/or 3rd party pricing services		N/A		N/A		N/A
			18,205		EV market multiple analysis		EBITDA multiple		9.0x - 11.0x		9.3x
			69,418		Income approach (other)		Yield		2.5% - 18.7%		12.80%
			120,658		Market approach (comparable companies)		Book value multiple		1.7x - 2.0x		1.9x
			15,400		Market approach (comparable companies)		EBITDA multiple		7.5x		7.5x
			5,923		Recent transaction price(1)		N/A		N/A		N/A
Consumer staples			540		Discounted cash flow		Discount Rate		20.00%		20.00%
			776		Market approach (comparable companies)		EBITDA multiple		6.5x		6.5x
			28,965		Broker quotes and/or 3rd party pricing services		N/A		N/A		N/A
Energy			33,687		Broker quotes and/or 3rd party pricing services		N/A		N/A		N/A
Financials			470,417		Broker quotes and/or 3rd party pricing services		N/A		N/A		N/A
			8,551		Discounted cash flow		Discount rate and Cumulative loss rate		13.3% / 10.0%		13.3% / 10.0%
			85,851		Discounted cash flow		Discount rate		11.50%		11.50%
							Constant prepayment rate		0.0% - 50.0%		21.50%
							Constant default rate		2.0% - 10.0%		2.20%
							Recovery rate		10.0% - 80.0%		73.80%
			2,541		Income Approach (Other)		Cash flow % of book value		8.70%		8.70%
			224,245		Income Approach (Other)		Yield		9.5% - 11.5%		10.50%
Healthcare, education, and childcare			168,371		Broker quotes and/or 3rd party pricing services		N/A		N/A		N/A
			20,104		EV market multiple analysis		EBITDA multiple		1.6x - 7.1x		5.6x
			25,549		Income approach (Other)		Yield		6.00%		6.00%
Industrials			196,725		Broker quotes and/or 3rd party pricing services		N/A		N/A		N/A
			43,614		Income approach (other)		Yield		2.5% - 13.5%		12.10%
			32,315		Market approach (comparable companies)		EBITDA multiple		9.0x - 12.0x		10.5x
Information technology			137,042		Broker quotes and/or 3rd party pricing services		N/A		N/A		N/A
Materials			212,022		Broker quotes and/or 3rd party pricing services		N/A		N/A		N/A
Telecommunication services			14,482		Broker quotes and/or 3rd party pricing services		N/A		N/A		N/A
Partnership and LLC interests			119,690		NAV		N/A		N/A		N/A
Financials			17,582		Recent transaction price(1)		N/A		N/A		N/A
Other
Healthcare, education, and childcare			1,084		Market approach (comparable companies)		EBITDA multiple		8.8x		8.8x
Industrials			65		Broker quotes and/or 3rd party pricing services		N/A		N/A		N/A
Total assets		$	5,594,127
Investments		Fair Value			Valuation Technique(s)		Unobservable Input(s)		Range		Weighted
											Average
Liabilities
Loans payable of Consolidated Funds:
Fixed income		$	11,273,923		Broker quotes and/or 3rd party pricing services		N/A		N/A		N/A
			499,305		Recent transaction price(1)		N/A		N/A		N/A
			258,096		Discounted cash flow		Discount rate		11.50%		11.50%
							Constant prepayment rate		0.0% - 50.0%		20.40%
							Constant default rate		2.0% - 10.0%		2.10%
							Recovery rate		10.0% - 80.0%		74.60%
			17,079		Discounted cash flow		Discount margin		300 - 800		482.5
							Constant prepayment rate		0% - 50.0%		23.00%
							Constant default rate		2.0% - 10.0%		2.00%
							Recovery rate		10.0% - 80.0%		75.00%
			616		Market approach (other)		Other		N/A		N/A
Derivatives instruments of Consolidated Funds			22,142		Broker quotes and/or 3rd party pricing services		N/A		N/A		N/A
Total liabilities		$	12,071,161
-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.
-2	Valuation technique above includes a 30% liquidity discount on an investment held by a fund within the Private Equity Group.
The following tables summarize the quantitative inputs and assumptions used for the Company's Level III inputs as of December 31, 2013:
Investments		Fair			Valuation Technique(s)		Unobservable		Range
		Value					Input(s)
Assets
Partnership interests		$	66,331		NAV		N/A		N/A
Partnership interests			21,846		Recent Transaction Price(1)		N/A		N/A
Total		$	88,177
-1	Recent transaction price consists of securities purchased or restructured within 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 Consolidated Funds' Level III inputs as of December 31, 2013:
Investments		Fair Value			Valuation Technique(s)		Unobservable Input(s)		Range		Weighted
											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%		5.00%
			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 price / illiquidity discount		25.2x / 15%		25.2x / 15%
			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%		8.50%
			18,383		EV market multiple analysis		EBITDA multiple		6.2x - 18.0x		8.0x
			628,002		Income approach (other)		Yield		2.5% - 17.9%		9.30%
			5,366		Income approach (other)		Yield to worst		4.8% - 5.8%		5.30%
			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
Consumer staples			469		Discounted cash flow		Other		20.00%		20.00%
			4,032		Income approach (other)		Yield		4.40%		4.40%
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 collection rate		N/A		N/A
			13,177		EV market multiple analysis		EBITDA multiple		2.4x		2.4x
			214,719		Income approach (other)		Yield		3.8% - 13.5%		9.30%
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%		4.20%
			146,983		Income approach (other)		Yield		6.0% - 10.0%		7.70%
Industrials			89,817		Broker quotes and/or 3rd party pricing services		N/A		N/A		N/A
			71,088		Income approach (other)		Yield		4.4% - 5.8%		4.60%
			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%		2.30%
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		Income approach (other)		Yield		5.3% - 14.0%		11.50%
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%		13.00%
			14,056		Market approach (comparable companies)		EBITDA multiple		6.0x - 10.0x		9.0x
			54,714		Income approach (other)		Yield		6.0% - 13.0%		7.70%
Telecommunication services			112,901		Broker quotes and/or 3rd party pricing services		N/A		N/A		N/A
			52,989		Income approach (other)		Yield		8.80%		8.80%
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		$	11,439,512		Broker quotes and/or 3rd party pricing services		N/A		N/A		N/A
			41,920		Discounted cash flow		Discount rate		10.70%		10.70%
			53,524		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 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 fixed income securities 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 in isolation would result in a significantly higher (lower) fair value measurement. Significant increases (decreases) in prepayment rates and market yields in isolation 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 are presented below:
As of December 31, 2014
Strategy		Fair Value			Unfunded			Redemption
					Commitments			Restriction
Direct Lending Group		$	30,501		$	26,854			(1)(3)
Real Estate Group			49,178			45,239			-1
Tradable Credit Group			52,001			7,420			(1)(2)(3)
Private Equity Group			111,719			97,194			-1
Totals		$	243,399		$	176,707
As of December 31, 2013
Strategy		Fair Value			Unfunded			Redemption
					Commitments			Restriction
Direct Lending Group		$	2,298		$	1,045			-3
Real Estate Group			34,520			9,734			-1
Tradable Credit Group			28,502			8,664			(1)(2)(3)
Private Equity Group			42,012			156,966			-1
Totals		$	107,332		$	176,409
-1	Certain 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	Certain funds within these strategies are open-ended and subject to a lock-up period of nine months after the closing date, after which an investor has the right to withdraw its capital. Distributions are received as the underlying investments are liquidated.
-3	Certain 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 a simple majority of investors. Distributions are received as the underlying investments are liquidated.

LOANS_HELD_AS_INVESTMENTS

LOANS HELD AS INVESTMENTS	12 Months Ended
	Dec. 31, 2014
LOANS HELD AS INVESTMENTS
LOANS HELD AS INVESTMENTS	6. LOANS HELD AS INVESTMENTS
	Fair Value Disclosure of Financial Instruments Reported at Cost
	The following tables present the estimated fair value and carrying value of the Company's Consolidated Funds carried at cost, less an allowance for loan losses aggregated by the level in the fair value hierarchy as of December 31, 2014:
		Level I			Level II		Level III		Total		Carrying
											Value
	Loans held for investments	$	—		$	—	$	78,895	$	78,895	$	77,514
	A summary of activity in loans held as investments is presented below:
	Balance at acquisition date (June 3, 2014)	$	—
	Loan acquisition and origination		580,954
	Allowance for loan losses		(1,185	)
	Principal repayment		(502,255	)
	Balance as of December 31, 2014	$	77,514
	The Company determines the fair value estimates of loans held as investments for fair value disclosures primarily using inputs such as the borrower's financial performance, discounted cash flow projections, interest rates available for borrowers with similar credit metrics, market comparables, if available, and other qualitative and quantitative factors.
	A summary of the changes in the allowance for loan losses is presented below:
	Balance at acquisition date (June 3, 2014)	$	—
	Increase in allowance for loan losses		1,185
	Balance as of December 31, 2014	$	1,185
	Investment in loan receivables consists of outstanding unpaid principal balance of loans held as investments, net of allowance of loan losses, unamortized loan origination fees and deferred interest on non-accrual loans. A summary of loan receivable balance is presented below:
	Loan receivables—unpaid principal balance	$	79,018
	Unamortized loan origination fees		(196	)
	Deferred interest on non-accrual loans		(123	)
	Allowance for loan losses		(1,185	)
	Balance as of December 31, 2014	$	77,514
	As of December 31, 2014, the Company had $155.1 million of loan commitment to it borrowers and $76.1 million remained undrawn.

DERIVATIVE_FINANCIAL_INSTRUMEN

DERIVATIVE FINANCIAL INSTRUMENTS	12 Months Ended
	Dec. 31, 2014
DERIVATIVE FINANCIAL INSTRUMENTS
DERIVATIVE FINANCIAL INSTRUMENTS	7. DERIVATIVE FINANCIAL INSTRUMENTS
	In the normal course of business, the Company and the Consolidated Funds are exposed to certain risks relating to their ongoing operations and use various types of derivative instruments primarily to mitigate against credit and foreign exchange risk. The derivative instruments used by the Company and Consolidated Funds include warrants, currency options, purchased options, interest rate swaps and credit default swaps and forward contracts. The derivative instruments do not qualify for hedge accounting under the accounting standards for derivatives and hedging as the Company does not designate its derivatives as hedging instruments. The Company recognizes all of its derivative instruments at fair value as either assets or liabilities in the Consolidated Statements of Financial Condition.
	By using derivatives, the Company and the Consolidated Funds are 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 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. The Company generally presents derivative and other financial instruments on a gross basis within the 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
	Derivative instruments are marked to market daily 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. Upon settlement of the instrument, the Company records net realized gain (loss) on investments in the Consolidated Statements of Operations.
	Following is a description of the significant derivative instruments utilized by the Company 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 certain non-U.S. dollar denominated cash flow. When entering into a forward currency contract, the Company and the Consolidated Funds agree 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 Consolidated Statements of Financial Condition. The Company and the Consolidated Funds bear 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 and the Consolidated Funds.
	Interest Rate Swaps
	The Company and the Consolidated Funds enter into interest rate swap contracts to mitigate their interest rate risk exposure to higher floating interest rates. 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 and the Consolidated Funds' exposure to interest rate risk by converting a portion of the Company and the Consolidated Funds' floating-rate debt to a fixed-rate basis.
	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.
	The Consolidated Funds may also purchase credit default swap contracts to mitigate the risk of default by issuers of 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.
	Entering into credit default swaps exposes the Consolidated Funds to credit, market and documentation risk in excess of the related amounts recognized in the 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.
	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 the Company and the Consolidated Funds as of December 31, 2014 and 2013. These 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 Consolidated Statements of Financial Condition:
			As of December 31, 2014
			Assets						Liabilities
	The Company		Notional(1)			Fair Value			Notional(1)			Fair Value
	Interest rate contracts		$	—		$	—		$	250,000		$	847
	Foreign exchange contracts			161,890			7,623			102,231			2,003
	Total derivatives, at fair value		$	161,890		$	7,623		$	352,231		$	2,850
			As of December 31, 2014
			Assets						Liabilities
	Consolidated Funds		Notional(1)			Fair Value			Notional(1)			Fair Value
	Interest rate contracts		$	34,000		$	0		$	10,000		$	21
	Credit contracts			—			—			385,296			13,265
	Foreign exchange contracts			43,303			2,070			207,577			9,991
	Other financial instruments			4,542			1,056			90,302			19,055
	Total derivatives, at fair value			81,845			3,126			693,175			42,332
	Other—equity(2)			79,551			3,866			—			—
	TOTAL		$	161,396		$	6,992		$	693,175		$	42,332
	-1	Represents the total contractual amount of derivative assets and liabilities outstanding.
	-2	Includes the fair value of warrants and equity distribution rights which are presented within investments, at fair value in the Consolidated Statements of Financial Condition.
			As of December 31, 2013
			Assets						Liabilities
	The Company		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
	Other—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	Includes the fair value of warrants which is presented within investments, at fair value in the Consolidated Statements of Financial Condition.
	The following tables present a summary of net realized gain (loss) and unrealized appreciation (depreciation) on derivative instruments for the years ended December 31, 2014, 2013 and 2012, and the corresponding line item where these changes are presented within the Consolidated Statements of Operations:
			For the year ended
			December 31, 2014
	The Company		Interest			Foreign			Total
			Rate			Exchange
			Contracts			Contracts
	Net realized gain (loss) on investments
	Swaps		$	(1,368	)	$	—		$	(1,368	)
	Foreign currency forward contracts			—			3,330			3,330
Net realized gain (loss) on investments		$	(1,368	)	$	3,330		$	1,962
Net change in unrealized appreciation (depreciation) on investments
Purchased options		$	—		$	1,076		$	1,076
Swaps			407			—			407
Foreign currency forward contracts			—			5,034			5,034
Total net change in unrealized appreciation (depreciation) on investments		$	407		$	6,110		$	6,517
		For the year ended December 31, 2014
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		$	—		$	—		$	(8,952	)	$	341		$	—		$	(8,611	)
Written options			—			—			—			(116	)		—			(116	)
Swaps			(513	)		(24,092	)		—						(2,463	)		(27,068	)
Interest rate caps/floor			276			—			—			—			—			276
Warrants(1)			—			—			3,583			—			—			3,583
Foreign currency forward contracts			—			—			—			(15,763	)		—			(15,763	)
Total net realized gain (loss) on investments of Consolidated Funds		$	(237	)	$	(24,092	)	$	(5,369	)	$	(15,538	)	$	(2,463	)	$	(47,699	)
Net change in unrealized appreciation (depreciation) on investments of Consolidated Funds
Purchased options		$	—		$	—		$	611		$	1,668		$	16		$	2,295
Written options			—			—			—			(402	)		—			(402	)
Swaps			1,471			9,421			—			842			(1,142	)		10,592
Interest rate caps/floor			269			—			—			—			—			269
Warrants(1)			—			—			(13,190	)		—			—			(13,190	)
Foreign currency forward contracts			—			—			(1,906	)		11,775						9,869
Total net change in unrealized appreciation (depreciation) on investments of Consolidated Funds		$	1,740		$	9,421		$	(14,485	)	$	13,883		$	(1,126	)	$	9,433
-1	Realized and unrealized gains (losses) on warrants are also reflected in the changes presented within the investment, at fair value.
		As of December 31, 2013
The Company		Interest			Foreign			Total
		Rate			Exchange
		Contracts			Contracts
Net realized gain (loss) on investments
Purchased options		$	—		$	(147	)	$	(147	)
Swaps			(1,259	)		—			(1,259	)
Foreign currency forward contracts			—			(2,165	)		(2,165	)
Net realized gain (loss) on investments		$	(1,259	)	$	(2,312	)	$	(3,571	)
Net change in unrealized appreciation (depreciation) on investments
Purchased options		$	—		$	(392	)	$	(392	)
Swaps			1,182			—			1,182
Foreign currency forward contracts			—			(128	)		(128	)
Total net change in unrealized appreciation (depreciation) on investments		$	1,182		$	(520	)	$	662
		As of December 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		$	—		$	—		$	(7,308	)	$	(536	)	$	—		$	(7,844	)
Written options			—			—			—			3,063			—			3,063
Swaps			(2,317	)		(53,566	)					(3,219	)		6,735			(52,367	)
Interest rate caps/floor			—			—			—			—			(879	)		(879	)
Warrants(1)			—			(4	)		2,519			—			—			2,515
Foreign currency forward contracts			—			—			—			(476	)		15,008			14,532
Total net realized gain (loss) on investments of Consolidated Funds		$	(2,317	)	$	(53,570	)	$	(4,789	)	$	(1,168	)	$	20,864		$	(40,980	)
Net change in unrealized appreciation (depreciation) on investments of Consolidated Funds
Purchased options		$	—		$	—		$	(697	)	$	2,122		$	(400	)	$	1,025
Written options			—			—			—			287			—			287
Swaps			2,512			2,456			—			1,586			(1,740	)		4,814
Interest rate caps/floor			(1,162	)		—			—			—			246			(916	)
Warrants(1)			—			—			21,403			829			—			22,232
Foreign currency forward contracts			—			—			—			(14,294	)		(8,887	)		(23,181	)
Total net change in unrealized appreciation (depreciation) on investments of Consolidated Funds		$	1,350		$	2,456		$	20,706		$	(9,470	)	$	(10,781	)	$	4,261
-1	Realized and unrealized gains (losses) on warrants are also reflected in the changes presented on the investment footnote table.
Net realized and unrealized appreciation (depreciation) on derivative contracts as of December 31, 2012 are as follows:
		As of December 31, 2012
The Company		Interest			Foreign			Total
		Rate			Exchange
		Contracts			Contracts
Net realized gain (loss) on investments
Purchased options		$	—		$	112		$	112
Swaps			(601	)		—			(601	)
Foreign currency forward contracts			—			66			66
Total net realized gain (loss) on investments		$	(601	)	$	178		$	(423	)
Net change in unrealized appreciation (depreciation) on investments
Purchased options		$	—		$	(982	)	$	(982	)
Written options			—			139			139
Swaps			(2,436	)		—			(2,436	)
Foreign currency forward contracts			—			(1,259	)		(1,259	)
Total net change in unrealized appreciation (depreciation) on investments		$	(2,436	)	$	(2,102	)	$	(4,538	)
		As of December 31, 2012
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		$	—		$	—		$	(5,918	)	$	(3,626	)	$	—		$	(9,544	)
Written options			—			—			—			2,075			—			2,075
Swaps			(28,023	)		(3,522	)		(6,070	)		3,615			—			(34,000	)
Interest rate caps/floor			—			—			—			5,821			—			5,821
Warrants(1)			—			—			358			—			—			358
Foreign currency forward contracts			—			—			—			(9,215	)		—			(9,215	)
Total net realized gain (loss) on investments of Consolidated Funds		$	(28,023	)	$	(3,522	)	$	(11,630	)	$	(1,330	)	$	—		$	(44,505	)
Net change in unrealized appreciation (depreciation) on investments of Consolidated Funds
Purchased options		$	—		$	—		$	(145	)	$	667		$	—		$	522
Written options			—			—			—			(550	)		—			(550	)
Swaps			4,049			(17,245	)		(391	)		(2,915	)		(706	)		(17,208	)
Interest rate caps/floor			(76	)		—			—			(4,751	)		—			(4,827	)
Warrants(1)			(479	)		—			(8,668	)		(4	)		—			(9,151	)
Foreign currency forward contracts			—			—			—			(174	)		—			(174	)
Total net change in unrealized appreciation (depreciation) on investments of Consolidated Funds		$	3,494		$	(17,245	)	$	(9,204	)	$	(7,727	)	$	(706	)	$	(31,388	)
-1	Realized and unrealized gains (losses) on warrants are also reflected in the changes presented on the investment 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 December 31, 2014 and 2013. The column titled "Gross Amounts Not Offset in the Statement of Financial Position" 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 Consolidated Statements of Financial Condition.
Derivative and Other Instruments of the Company as of December 31, 2014
											Gross Amounts
											Not Offset in
											the Statement
											of Financial
		Gross Amounts									Position
		of
		Recognized Assets
		(Liabilities)			Gross Amounts			Net Amounts of			Financial			Net Amount
					Offset in Assets			Assets (Liabilities)			Instruments
					(Liabilities)			Presented
Assets:
Derivatives		$	7,623		$	—		$	7,623		$	1,056		$	6,567
Total			7,623			—			7,623			1,056			6,567
Liabilities:
Derivatives			(2,850	)		—			(2,850	)		(1,056	)		(1,794	)
Total			(2,850	)		—			(2,850	)		(1,056	)		(1,794	)
Grand Total		$	4,773		$	—		$	4,773		$	—		$	4,773
Derivative and Other Instruments of the Company as of December 31, 2013
											Gross Amounts
											Not Offset in
											the Statement
											of Financial
		Gross Amounts									Position
		of
		Recognized Assets
		(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 December 31, 2014 and 2013. The column titled "Gross Amounts Not Offset in the Statement of Financial Position" 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 Consolidated Statements of Financial Condition.
Derivative and Other Instruments of the Consolidated Funds as of December 31, 2014
											Gross Amounts
											Not Offset
											in the Statement
		Gross Amounts									of Financial Position
		of
		Recognized Assets
		(Liabilities)			Gross Amounts			Net Amounts of			Financial			Cash Collateral			Net
					Offset in Assets			Assets (Liabilities)			Instruments			Received			Amount
					(Liabilities)			Presented						(Pledged)
Assets:
Derivatives		$	4,940		$	1,814		$	3,126		$	989		$	(2,295	)	$	4,432
Reverse repurchase, securities borrowing, and similar arrangements(1)			4,150						4,150									4,150
Total		$	9,090		$	1,814		$	7,276		$	989		$	(2,295	)	$	8,582
Liabilities:
Derivatives		$	(44,146	)	$	(1,814	)	$	(42,332	)	$	(989	)	$	(12,386	)	$	(28,957	)
Total			(44,146	)	$	(1,814	)	$	(42,332	)	$	(989	)		(12,386	)	$	(28,957	)
Grand Total		$	(35,056	)	$	—		$	(35,056	)	$	—		$	(14,681	)	$	(20,375	)
Derivative and Other Instruments of the Consolidated Funds as of December 31, 2013
											Gross Amounts
											Not Offset
											in the Statement
		Gross Amounts									of Financial Position
		of
		Recognized Assets
		(Liabilities)			Gross Amounts			Net Amounts of			Financial			Cash Collateral			Net
					Offset in Assets			Assets (Liabilities)			Instruments			Received			Amount
					(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 Consolidated Statements of Financial Condition.

DEBT

DEBT	12 Months Ended
	Dec. 31, 2014
DEBT
DEBT	8. DEBT
	Debt represents the (a) Company's Credit Facility (as defined below), (b) senior notes of Ares Finance Co. LLC, a wholly owned subsidiary of Ares Holdings, (c) term note of AHI, which was paid off prior to the Reorganization, (d) promissory notes issued in connection with an acquisition, (e) loan obligations of the consolidated CLOs and (f) credit facilities of the Consolidated Funds. 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 Funds at cost.
	Credit Facility of the Company
	On October 29, 2013, the Company amended and restated its credit facility (the "Credit Facility") with a syndicate of financial institutions. This amendment provided an increase in the borrowing capacity available to the Company under the facility and converted the existing term loan to a revolver. The Credit Facility was amended to be a $735.0 million revolving credit facility that is scheduled to mature on December 17, 2017. Interest rates were calculated for base rate loans based on Base Rate (as defined in the Credit Facility) plus 0.75% and LIBOR rate loans based on LIBOR rate plus 1.75%. Unused commitment fees under the Credit Facility were payable quarterly in arrears at a rate of 0.25%. The Company's investment holdings and management contracts were pledged as collateral for borrowings under the Credit Facility. Proceeds from the Credit Facility are primarily used by the Company to fund operations and investments. Debt issuance costs are amortized on a straight line basis over the life of the Credit Facility. Fluctuations in the interest rate are hedged against with the interest rate swap contracts that AIH LLC has entered into. For each of the periods presented, the Company has made all repayments required by the Credit Facility and has been in compliance with financial and non-financial covenants under the Credit Facility.
	As of December 31, 2013, the Company had $121.3 million outstanding under the Credit Facility, presented within debt obligations on the Consolidated Statements of Financial Condition. The annual interest rate on the Credit Facility (the "All-In Rate") was 1.9%. Debt issuance costs of $1.1 million were incurred in connection with the amendment of the Credit Facility, and are included in the total net debt issuance costs of $3.5 million within other assets in the Consolidated Statements of Financial Condition. For the year ended December 31, 2013, $1.1 million of unused commitment fees, $5.3 million of interest and $1.0 million of amortization of debt issuance costs are included in interest expense in the Consolidated Statements of Operations. For the year ended December 31, 2013, the Company recorded $1.9 million of debt extinguishment expense associated with the termination of its previous credit facilities.
	Effective 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, and AM LLC and AIH LLC became guarantors along with the Company. Additionally, the Credit Facility's maturity was extended to April 30, 2019. Interest rates remain dependent upon corporate credit ratings. For the periods presented through June 27, 2014, the interest rates and unused commitment fees remained unchanged from the previous amendment. As the amendment was determined to be a modification of terms, there was no debt extinguishment recognized for the year ended December 31, 2014.
	On June 27, 2014, the Company's corporate credit rating improved, resulting in a reduction of 0.25% in both base rate and LIBOR margins. Base rate loans now bear interest calculated based on the base rate plus 0.50% and the LIBOR rate loans now bear interest calculated based on LIBOR rate plus 1.50%. Unused commitment fees were reduced to a rate of 0.20% per annum.
	As of December 31, 2014, the Company had no balance outstanding under the Credit Facility. The outstanding amount was repaid on October 8, 2014 from the proceeds of the issuance of the Notes (as defined below). The All-In Rate for the Credit Facility was 1.69%. At December 31, 2014, unamortized debt issuance costs of $5.3 million incurred in connection with the October 29, 2013 and May 7, 2014 amendments of the Credit Facility were capitalized and are included in other assets in the Consolidated Statements of Financial Condition. For the year ended December 31, 2014, $1.8 million in unused commitment fees, $2.5 million of interest and $1.1 million of amortization of debt issuance costs are included in interest expense in the Consolidated Statements of Operations.
	Senior Notes of the Company
	On October 8, 2014, Ares Finance Co. LLC, a subsidiary of the Company, issued $250.0 million aggregate principal amount of 4.000% senior notes (the "Notes") due October 8, 2024, at 98.268% of the face amount. The Notes are fully and unconditionally guaranteed by the Company, AHI, Domestic Holdings, Ares Real Estate Holdings LLC, Ares Holdings, Ares Domestic Holdings, Ares Investments, Ares Real Estate, AM LLC and AIH LLC. Interest is payable semi-annually on April 8 and October 8 each year, commencing on April 8, 2015. The Notes may be redeemed prior to maturity at the Company's option at a redemption price equal to the greater of 100% of the principal amount to be redeemed and a "make-whole" redemption price, plus accrued and unpaid interest to the redemption date; however, Ares Finance Co. LLC is not required to pay any "make-whole" on or after July 8, 2024. Debt issuance costs of $2.4 million are amortized on a straight line basis over the life of the Notes. The discount of $4.3 million is amortized using the effective interest rate over the life of the Notes.
	As of December 31, 2014, the Company had $245.8 million reported within debt obligations on the Consolidated Statements of Financial Condition. The effective annual interest rate of the Notes was 4.21%. Debt issuance costs incurred in connection with issuance of the Notes were $2.3 million and are included in other assets in the Consolidated Statements of Financial Condition. Interest expense of $2.4 million, including $0.1 million from the amortization of debt issuance costs, and is included in interest expense in the Consolidated Statements of Financial Operations for the year ending December 31, 2014.
	Term Note of AHI
	On December 18, 2012, AHI borrowed $55.0 million under a term note with a financial institution. Interest was paid quarterly and accrued at the Company's option of a rate of LIBOR plus 1.75% or prime rate plus 0.75% per annum. Principal was 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 term note was secured by account balances on deposit with the same financial institution and AHI remained in compliance with all provisions of the term note. As of December 31, 2013, the principal outstanding under this term note was $11.0 million. On March 20, 2014, the Company paid off the remaining balance of the term note. Interest expense of $0.1 million and $1.6 million for the years ended December 31, 2014 and 2013, respectively, is included in the 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 in the principal amounts of approximately $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 are required to be repaid in three equal annual principal payments of approximately $4.6 million and $2.4 million, respectively, unless prepaid at the Company's option. Interest accrues at a per annum rate equal to LIBOR plus 4.00%. As of December 31, 2013, the aggregate principal outstanding under the promissory notes was $20.9 million. As of December 31, 2014, the entire balance of the promissory notes had been paid off with no balance outstanding. Interest expense of $0.7 million and $0.5 million for the years ended December 31, 2014 and 2013, respectively, is included in interest expense in the 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 Consolidated Statements of Financial Condition.
	As of December 31, 2014 and 2013, the following loan obligations were outstanding and classified as liabilities:
			As of December 31, 2014
			Loan			Market		Weighted
			Obligations			Value of		Average
						Loan		Remaining
						Obligations		Maturity
								In Years
	Senior secured notes(1)		$	11,394,820		$	11,062,501		9.02
	Subordinated notes / preferred shares(2)			1,523,670			894,795		9.44
	Total loan obligations of Consolidated CLOs			12,918,490			11,957,296
	Type of Facility				Total					Loan		Market			Effective			Commitment			Maturity
					Facility					Obligations		Value of			Rate			Fee			Date
					(Capacity)							Loan
												Obligations
	Revolvers of Consolidated CLOs
	Revolving credit line				$		44,113			$	44,113	$	43,980			0.49	%		0.17	%		4/16/21
	Revolving credit line						48,510				48,510		47,894			0.43	%		0.17	%		10/11/21
	Total revolvers of Consolidated CLOs										92,623		91,874
	Total notes payable and credit facilities of Consolidated CLOs									$	13,011,113	$	12,049,170
	-1	Weighted average interest rate of 2.62%.
	-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
			Loan			Market		Weighted
			Obligations			Value of		Average
						Loan		Remaining
						Obligations		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					Loan		Market			Effective			Commitment			Maturity
					Facility					Obligations		Value of			Rate			Fee			Date
					(Capacity)							Loan
												Obligations
	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 Loan Investment Strategy II, Ltd., which is carried at cost to accommodate investor preference.
	Credit Facilities of the Consolidated Funds
	Certain Consolidated Funds 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 creditors of these entities have no recourse to the Company. As of December 31, 2014 and 2013, the Consolidated Funds were in compliance with all financial and non-financial covenants under such credit facilities.
The Consolidated Funds had the following revolving bank credit facilities and term loans outstanding as of December 31, 2014:
Type of Facility				Total					Outstanding		Effective Rate		Commitment			Maturity
				Facility					Loan(1)				Fee			Date
				(Capacity)
Short-term borrowings of Consolidated Funds
Credit facility				$		25,000			$	—	LIBOR + 1.75%			0.30	%		6/6/15
Credit facility						25,000				—	LIBOR + 2.00%			0.30	%		6/30/15
Total short-term borrowings of Consolidated Funds										—
Long-term borrowings of Consolidated Funds
Credit facility						150,000				39,300	LIBOR + 2.25%			0.25	%		6/4/18
Notes payable						1,500,000				738,300	LIBOR + 1.65%			0.75	%		9/19/18
Total long-term borrowings of Consolidated Funds									$	777,600
Total borrowings of Consolidated Funds									$	777,600
-1	The market values of the long term notes approximate the current carrying value that is tied to the LIBOR rate.
The Consolidated Funds had the following revolving bank credit facilities and term loans outstanding as of December 31, 2013:
Type of Facility				Total					Outstanding		Effective Rate		Commitment		Maturity
				Facility					Loan(1)(3)				Fee		Date
				(Capacity)
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 each 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 December 31, 2014 and 2013, outstanding loan obligations of the consolidated mezzanine debt funds were approximately $378.4 million and $323.2 million, respectively, and are presented as mezzanine debt in the 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.
Debt Extinguishment of Consolidated Funds
In connection with an early repayment of debt in 2013, one of the Consolidated Funds extinguished $670.0 million of debt at a discount, resulting in a gain of $11.8 million, which is recorded in debt extinguishment gain of Consolidated Funds within the Consolidated Statement of Operations.

REDEEMABLE_AND_NONCONTROLLING_

REDEEMABLE AND NON-CONTROLLING INTERESTS	12 Months Ended
	Dec. 31, 2014
REDEEMABLE AND NON-CONTROLLING INTERESTS
REDEEMABLE AND NON-CONTROLLING INTERESTS	9. REDEEMABLE AND NON-CONTROLLING INTERESTS
	The following table sets forth a summary of changes in the redeemable interests in Ares Operating Group entities and redeemable interest in Consolidated Funds as of December 31, 2014 and 2013:
		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
	Contributions from redeemable, non-controlling interests in Consolidated Funds		30,408			—
	Distributions to redeemable, non-controlling interests in Consolidated Funds		(61,534	)		(143,378	)
	Currency translation adjustment attributable to redeemable, non-controlling interests in Consolidated Funds		—			(884	)
	Net income attributable to redeemable, non-controlling interests in Consolidated Funds		33,455			137,924
	Equity Balance Post—Reorganization	$	1,096,099		$	1,093,770
	Net income (loss) attributable to redeemable, non-controlling interests in Consolidated Funds		(30,890	)		—
	Distributions to redeemable, non-controlling interests in Consolidated Funds		(27,759	)		—
	Ending Balance	$	1,037,450		$	1,093,770
		As of December 31,
		2014			2013
	Redeemable interests in Ares Operating Group Entities
	Beginning balance	$	40,751		$	30,488
	Net income		164			2,451
	Allocation of contributions in excess of carrying value of net assets attributable to the AREA acquisition		—			254
	Allocation of contributions in excess of carrying value of net assets attributable to Class D units		—			3,458
	Distributions		(1,313	)		(4,641	)
	Currency translation adjustment		9			13
	Revaluation of redeemable interest		—			8,437
	Equity compensation		234			291
	Tandem award compensation adjustment		(15,898	)		—
	Equity Balance Post Reorganization		23,947			40,751
	Issuance cost		(124	)		—
	Allocation of contributions in excess of the carrying value of the net assets (dilution)		910			—
	Reallocation of Partners' capital for change in ownership interest		(900	)		—
	Distributions		(477	)		—
	Net income		567			—
	Currency translation adjustment		(16	)		—
	Equity compensation		81			—
	Ending Balance	$	23,988		$	40,751
	The following table sets forth a summary of changes in the non-controlling interest in Ares Operating Group entities for the year ended December 31, 2014:
		Non-controlling interest in Predecessor
																				Total
																				Non-Controlling
																				Interest in Ares
																				Operating
		Members'			Common			Additional			Retained			Accumulated			Non-Controlling			Group Entities
		Equity			Stock			Paid in			Earnings			Other			interest in Ares
					(B shares)			Capital						Comprehensive			Operating
														Income (Loss)			Group Entities
	Balance at December 31, 2012	$	87,584		$	—		$	54,561		$	(11,283	)	$	(27	)	$	—		$	130,835
	Allocation of contributions in excess of carrying value of net assets attributable to the AREA acquisition		2,152			—			3,835			—			—			—			5,987
	Issuance of Class D units, net of offering costs		241,735			—			—			—			—			—			241,735
	Allocation of contribution in excess of carrying value of net assets attributable to Class D units		(183,820	)		—			6,404			—			—			—			(177,416	)
	Deferred tax liabilities arising from allocation of contributions					—			(12,171	)		—			—			—			(12,171	)
	Distributions		(69,173	)		—			—			—			—			—			(69,173	)
	Net income		30,715			—			—			12,959			—			—			43,674
	Revaluation of redeemable equity		—			—			—			(2,093	)		—			—			(2,093	)
	Currency translation adjustment		—			—			—			—			341			—			341
	Equity compensation		799			—			5,213			—			—			—			6,012
	Balance at December 31, 2013		109,992			—			57,842			(417	)		314			—			167,731
	Distributions		(46,534	)		—			(3,908	)		—			—			—			(50,442	)
	Net income		6,836			—			—			(3,589	)		—			—			3,247
	Currency translation adjustment					—			—			—			404			—			404
	Equity compensation		3,346			—			9,133			—			—			—			12,479
	Tandem award compensation adjustment		864			—			608			(230	)		—			—			1,242
	Net effect of Reorganization, including contribution of AOG Units for common units		(74,504	)		—			(63,675	)		4,236			(718	)		332,575			197,914
	Equity Balance Post—Reorganization		—			—			—			—			—			332,575			332,575
	Issuance costs		—			—			—			—			—			(17,581	)		(17,581	)
Allocation of contributions in excess of the carrying value of the net assets (dilution)		—			—			—			—			—			128,536			128,536
Reallocation of Partners' capital for changes in ownership interest		—			—			—			—			—			(611	)		(611	)
Deferred tax liabilities arising from allocation of contributions and Partners' capital		—			—			—			—			—			(16	)		(16	)
Distributions		—			—			—			—			—			(68,872	)		(68,872	)
Net income		—			—			—			—			—			80,240			80,240
Currency translation adjustment		—			—			—			—			—			(2,285	)		(2,285	)
Equity compensation		—			—			—			—			—			11,507			11,507
Balance at December 31, 2014	$	—		$	—		$	—		$	—		$	—		$	463,493		$	463,493

OTHER_ASSETS

OTHER ASSETS	12 Months Ended
	Dec. 31, 2014
OTHER ASSETS..
OTHER ASSETS	10. OTHER ASSETS
	The components of other assets for the years ended December 31, 2014 and 2013 were as follows:
		As of December 31,
		2014			2013
	Other assets of the Company:
	Accounts and interest receivable	$	4,310		$	1,863
	Receivable for securities sold		—			11,594
	Fixed assets, net		34,055			27,852
	Other assets		26,340			32,291
	Total other assets of Company	$	64,705		$	73,600
	Other assets of Consolidated Funds:
	Deferred debt issuance costs	$	7,610		$	13,106
	Note receivables		381			366
	Income tax receivable		1,417			314
	Other receivables		977			3,641
	Other assets		2,088			8,101
	Total other assets of Consolidated Funds	$	12,473		$	25,528
	Total other assets	$	77,178		$	99,128
	Fixed Assets, Net
	The major classes of depreciable assets for the years ended December 31, 2014 and 2013 were as follows:
		Year Ended December 31,
		2014			2013
	Furniture	$	6,831		$	9,722
	Office and computer equipment		15,772			13,059
	Internal use software		5,572			5,670
	Leasehold improvements		37,928			34,484
	Fixed assets, at cost		66,103			62,935
	Less: accumulated depreciation		(32,048	)		(35,083	)
	Fixed assets, net		34,055		$	27,852
	For the years ended December 31, 2014, 2013 and 2012, depreciation expense was $7.3 million, $6.3 million and $4.6 million, respectively, which is included in general, administrative and other expense in the Consolidated Statements of Operations.

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2014
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	11. COMMITMENTS AND CONTINGENCIES
	Indemnification Arrangements
	Consistent with standard business practices in the normal course of business, the Company enters into contracts that contain indemnities for affiliates of the Company, persons acting on behalf of the Company or such affiliates and third parties. The terms of the indemnities vary from contract to contract and the Company's maximum exposure under these arrangements cannot be determined and has not been recorded in the Consolidated Statements of Financial Condition. As of December 31, 2014, the Company has not had prior claims or losses pursuant to these contracts and expects the risk of loss to be remote.
	Capital Commitments
	As of December 31, 2014 and 2013, the Company had aggregate unfunded commitments of $187.9 million, of which $5.6 million is contingent consideration recorded in relation to the acquisition of AREA, and is presented within accounts payable and accrued expenses in the consolidated statements of financial condition, and $244.5 million, respectively, including commitments to both non-consolidated funds and Consolidated Funds.
	Rental Leases
	The Company leases office space in various countries and maintains its headquarters in Los Angeles, where it leases its primary office space under non-cancelable rental operating lease agreements that expire in May 2020. The Company's rental lease agreements are generally subject to escalation provisions on base rental payments, as well as certain costs incurred by the property owner and are recognized on a straight-line basis over the term of the lease agreement. Rent expense includes base contractual rent. Rent expense for the years ended December 31, 2014, 2013 and 2012 was $17.9 million, $12.7 million and $8.6 million, respectively, and is recorded within general, administrative and other expense in the Consolidated Statements of Operations. All leases expire in various years ranging from 2015 to 2026.
	The future minimum commitments for the Company's operating leases are as follows:
	2015	$	16,214
	2016		19,587
	2017		19,454
	2018		18,384
	Thereafter		79,520
	Total	$	153,159
	Guarantees
	For the years ended December 31, 2014 and 2013, the Company guaranteed loans for certain professionals in affiliated co-investment entities. These entities were formed to permit certain employees and members to invest alongside the Company and its investors in the funds managed by the Company. The Company would be responsible for all outstanding payments due in the event of a default on the loans by certain professionals. As of December 31, 2014 and 2013, the total outstanding loan balance was approximately $3.2 million and $4.1 million with an additional $1.1 million and $1.2 million in unfunded commitments, respectively. There has been no history of default and the Company has determined that the likelihood of default is remote. These guarantees are not considered to be compensation.
	The Company assumed a guarantee of a mortgage associated with an office space in New York City in connection with the AREA acquisition. The guarantee, dated March 20, 2008, was for the benefit of a Germany-based commercial property lender in connection with a $21.5 million loan provided to an affiliate of the Company. As of April 30, 2014, the Company was released of its guarantee and no longer bears any obligation for the mortgage.
	On July 30, 2014, AM LLC agreed to provide credit support to a new $75 million credit facility, (the "Guaranteed Facility") entered into by a wholly owned subsidiary of ACRE with a national banking association. AM LLC is the parent entity to ACRE's external manager. In connection with the facility, AM LLC agreed to purchase all loans and other obligations outstanding under the Guaranteed Facility at a price equal to 100% of the outstanding balance (i) upon an acceleration or certain events of default by ACRE under the Guaranteed Facility or (ii) in the event that AM LLC's corporate credit rating is downgraded to below investment grade, among other things. ACRE pays AM LLC a credit support fee of 1.50% per annum times the average amount of the loans outstanding under the Guaranteed Facility, payable monthly, and reimburses AM LLC for its out-of-pocket costs and expenses in connection with the Guaranteed Facility. In addition to the credit support fee, ACRE pledged to AM LLC its ownership interest in its principal lending holding entity to support the Guaranteed Facility. The Company's maximum exposure to loss shall not exceed $75 million plus accrued interest. The Company recorded $1.3 million as a receivable in connection with the credit support that is based on the present value of discounted expected cash flows. This receivable balance decreases as the Company collects the monthly credit support fee from ACRE. As of December 31, 2014, the receivable balance is $1.1 million and is included in due from affiliates in the Consolidated Statements of Financial Condition. The Company also recorded the fair value of this guarantee in the amount of $1.6 million within accounts payable, accrued expenses and other liabilities in the Consolidated Statements of Financial Condition for the year ended December 31, 2014. The fair value of this guarantee was determined by an independent third-party valuation firm using a market-based approach and a discounted cash flow model using a discount rate of 1.97% as the primary input. As of December 31, 2014, the total outstanding balance under the Guaranteed Facility was $75.0 million. The Company believes the likelihood of default by the ACRE subsidiary to be remote. The Company recognized $0.3 million of expense in connection with the guarantee for the year ended December 31, 2014, which is included in other income (expense), net in the Consolidated Statements of Operations.
	Performance Fees
	Generally, if at the termination of a fund (and increasingly at interim points in the life of a fund), the fund has not achieved investment returns that (in most cases) exceed the preferred return threshold or (in all cases) the general partner receives net profits over the life of the fund in excess of its allocable share under the applicable partnership agreement, the Company will be obligated to repay carried interest that was received by the Company in excess of the amounts to which the Company is entitled. This obligation is known as a "clawback" obligation. The clawback obligation may be reduced by income taxes paid by the Company related to its carried interest.
	At December 31, 2014 and 2013, if the Company assumed all existing investments were valued at $0, the amount of performance fees subject to potential clawback, net of tax, which may differ from the recognition of revenue, would have been approximately $295.7 million and $346.4 million, respectively, of which approximately $239.3 million and $280.5 million, respectively, is reimbursable to the Company by certain professionals. Management believes the possibility of all of the investments becoming worthless is remote. If the funds were liquidated at their then current fair values as of December 31, 2014 and 2013, there would be no event of clawback. For all periods presented, the Company did not accrue any expense or record a liability associated with the clawback obligation.

RELATED_PARTY_TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2014
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS	12. 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 Consolidated Statements of Financial Condition, except that performance fees receivable, which are entirely due from affiliated funds, are presented separately within the 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 which are eligible for reimbursement from related parties, including ARCC, ACRE, ARDC, ARMF, Ivy Hill Asset Management, L.P., European Senior Secured Loan Programme S.à.r.l. and ACF FinCo I L.P.
	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:
		As of December 31,
		2014		2013
	Due from affiliates:
	Management fees receivable from non-consolidated funds		113,358	$	91,917
	Payments made on behalf of and amounts due from non-consolidated funds		33,176		17,003
	Due from affiliates—Company	$	146,534	$	108,920
	Amounts due from portfolio companies and non-consolidated funds	$	11,342	$	2,010
	Due from affiliates—Consolidated Funds	$	11,342	$	2,010
	Due to affiliates:
	Management fee rebate payable to non-consolidated funds	$	14,390	$	28,715
	Payments made by non-consolidated funds on behalf of and amounts due from the Company		4,640		3,975
	Due to affiliates—Company	$	19,030	$	32,690
	Amounts due to non-consolidated funds	$	2,441	$	2,695
	Due to affiliates—Consolidated Funds	$	2,441	$	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, may be reimbursed by the portfolio companies.

INCOME_TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2014
INCOME TAXES
INCOME TAXES	13. 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 and Domestic Holdings, which are U.S. corporations for tax purposes. Their 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 and Domestic Holdings' 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 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 consolidated financial statements.
	The provision for income taxes attributable to the Company and the Consolidated Funds, consisted of the following for the years ended December 31, 2014, 2013 and 2012:
	Provision for Income Taxes of the Company
				Year Ended December 31,
				2014					2013			2012
	Current:
	U.S. federal income tax			$		12,801			$	19,774		$	18,355
	State and local income tax					1,719				3,522			2,714
	Foreign income tax					1,613				617			2,339
						16,133				23,913			23,408
	Deferred:
	U.S. federal income tax (benefit)					123				(5,743	)		4,029
	State and local income tax (benefit)					210				(747	)		530
	Foreign income tax (benefit)					70				—			(6,151	)
						403				(6,490	)		(1,592	)
	Total:
	U.S. federal income tax					12,924				14,031			22,384
	State and local income tax					1,929				2,775			3,244
	Foreign income tax (benefit)					1,683				617			(3,812	)
	Income tax expense			$		16,536			$	17,423		$	21,816
	Provision for Income Taxes of the Consolidated Funds
		Year Ended December 31,
		2014			2013		2012
	Current:
	U.S. federal income tax	$	6,807		$	4,280	$	—
	State and local income tax (benefit)		1,564			1,083		(2	)
	Foreign income tax		36			1,396		4,245
			8,407			6,759		4,243
	Deferred:
	U.S. federal income tax (benefit)		(9,958	)		26,368		78
	State and local income tax (benefit)		(2,832	)		7,417		19
	Foreign income tax (benefit)		(900	)		1,296		(2	)
			(13,690	)		35,081		95
	Total:
	U.S. federal income tax (benefit)		(3,151	)		30,648		78
	State and local income tax (benefit)		(1,268	)		8,500		17
	Foreign income tax (benefit)		(864	)		2,692		4,243
	Income tax expense (benefit)	$	(5,283	)	$	41,840	$	4,338
	Total Provision for Income Taxes of the Company and Consolidated Funds
				Year Ended December 31,
				2014					2013			2012
	Total current income tax expense			$		24,540			$	30,672		$	27,651
	Total deferred income tax expense (benefit)					(13,287	)			28,591			(1,497	)
	Total income tax expense			$		11,253			$	59,263		$	26,154
	The effective income tax rate differed from the federal statutory rate for the following reasons for the years ended December 31, 2014, 2013 and 2012:
				Year Ended December 31,
				2014					2013			2012
	Income tax expense at federal statutory rate					35	%			35	%		35	%
	Income passed through to non-controlling interests					(34.9	)			(29.2	)		(34.3	)
	State and local taxes, net of federal benefit					0.4				0.8			0.2
	Foreign taxes					0.1				0.6			(0.4	)
	Other, net					1.1				0.4			1.2
	Valuation allowance					0.3				(0.8	)		0.4
	Total effective rate					2	%			6.8	%		2.1	%
	Deferred Taxes
	The income tax effects of temporary differences that give rise to significant portions of deferred tax assets and liabilities were as follows as of December 31, 2014 and 2013:
	Deferred Tax Assets and Liabilities of the Company
				Year Ended
				December 31,
				2014					2013
	Deferred tax assets
Net operating losses			$		4,550			$	3,565
Other, net					—				1,699
Total gross deferred tax assets					4,550				5,264
Valuation allowance					(4,335	)			(3,788	)
Total deferred tax assets, net					215				1,476
Deferred tax liabilities
Investment in partnerships					(17,176	)			(22,478	)
Other, net					(2,900	)			—
Total deferred tax liabilities					(20,076	)			(22,478	)
Net deferred tax assets (liabilities)			$		(19,861	)		$	(21,002	)
Deferred Tax Assets and Liabilities of the Consolidated Funds
			Year Ended
			December 31,
			2014					2013
Deferred tax assets
Net operating loss			$		1,841			$	608
Other, net					435				—
Total gross deferred tax assets					2,276				608
Valuation allowance					(1,635	)			(467	)
Total deferred tax assets, net					641				141
Deferred tax liabilities
Investment in partnerships					(22,855	)			(36,045	)
Total deferred tax liabilities					(22,855	)			(36,045	)
Net deferred tax assets (liabilities)			$		(22,214	)		$	(35,904	)
In assessing the realizability of deferred tax assets, the Company considers whether it is probable that some or all of the deferred tax assets will not be realized. In determining whether the deferred taxes are realizable, the Company considers the period of expiration of the tax asset, historical and projected taxable income, and tax liabilities for the tax jurisdiction in which the tax asset is located. Valuation allowances are provided to reduce the amounts of deferred tax assets to an amount that is more likely than not to be realized based on an assessment of positive and negative evidence, including estimates of future taxable income necessary to realize future deductible amounts.
The valuation allowance for deferred tax assets increased by $1.7 million in 2014 as a result of operating losses incurred in various jurisdictions in which the Company operates. The valuation allowance for deferred tax assets decreased by $6.9 million in 2013 as a result of income generated within the Company's foreign subsidiaries and increased by $5.0 million in 2012, due primarily to operating losses incurred in various foreign jurisdictions in which the Company operates.
At December 31, 2014, the Company had $26.7 million of net operating loss ("NOL") carryforwards available to reduce future foreign income taxes for which a full valuation allowance has been provided. The majority of the foreign NOLs have no expiry. The Company also has approximately $1.8 million and $2.9 million of US federal and state net operating loss carryforwards that begin to expire in 2029 and 2027, respectively.
As of, and for the three years ended December 31, 2014, 2013 and 2012, the Company had no significant uncertain tax positions.

EARNINGS_PER_COMMON_UNIT

EARNINGS PER COMMON UNIT	12 Months Ended
	Dec. 31, 2014
EARNINGS PER COMMON UNIT
EARNINGS PER COMMON UNIT	14. EARNINGS PER COMMON UNIT
	Prior to the Reorganization and the IPO in May 2014, the Company's businesses were conducted through multiple operating businesses rather than a single holding entity. As such, there was no single capital structure upon which to calculate historical earnings per common unit information. Accordingly, earnings per common unit information has not been presented for historical periods prior to the IPO.
	Basic earnings per common unit is computed by dividing income available to common unitholders by the weighted-average number of common units outstanding during the period. Diluted earnings per common unit is computed using the more dilutive method of either the two-class method or the treasury stock method.
	The two-class method is an earnings allocation method under which earnings per unit is calculated for common units and participating securities considering both dividends declared (or accumulated) and participation rights in undistributed earnings as if all such earnings had been distributed during the period. Because the holders of unvested restricted units have the right to participate in distributions when declared, the unvested restricted units are considered participating securities to the extent they are expected to vest. For the period from May 1, 2014 to December 31, 2014, the two-class method was the more dilutive method for the unvested restricted stock units. For the period of May 1, 2014 to December 31, 2014, no participating securities have rights to undistributed earnings.
	The treasury stock method is used to determine potentially dilutive securities resulting from options and unvested restricted units granted under the 2014 Equity Incentive Plan. Potentially dilutive securities representing 24,230,518 options were excluded from the computation of diluted earnings per common unit because their effect would have been anti-dilutive. If the treasury stock method had been the more dilutive method for the unvested restricted stock units, the dilutive effect of those units would have been 197,961 units for the period of May 1, 2014 to December 31, 2014.
	Holders of AOG Units may exchange their AOG Units for common units on a one-for-one basis after the second anniversary of the date of the closing of the IPO provided that Alleghany may exchange up to half of its Ares Operating Group Units from and after May 7, 2015 (the first anniversary of our initial public offering), subject to any applicable transfer restrictions and other provisions. The Company applies the "if-converted" method to determine the dilutive weighted-average partnership units represented by these contingently issuable common units, assuming December 31, 2014 represents the end of contingency period.
	The Company has excluded 130,858,662 AOG Units from the calculation of diluted earnings per common unit for the period from May 1, 2014 to December 31, 2014 since the exchange of these units would proportionally increase Ares Management, L.P.'s interest in the Ares Operating Group and would have an anti-dilutive effect on earnings per common unit as a result of certain tax benefits that Ares Management, L.P. is assumed to receive upon the exchange.
	The following table presents the computation of basic and diluted earnings per common unit:
		May 1, 2014 through
		December 31, 2014
	(Dollars in thousands, except unit data)	Basic			Diluted
	Net income attributable to Ares Management, L.P.	$	34,988		$	34,988
	Earnings distributed to participating securities (restricted units)		(417	)		(417	)
	Net income available to common unitholders	$	34,571		$	34,571
	Weighted-average common units		80,358,036			80,358,036
	Effect of dilutive units:
	Restricted units		—			—
	Options		—			—
	Contingently issuable common units		—			—
	Diluted weighted-average common units		80,358,036			80,358,036
	Earnings per common unit	$	0.43		$	0.43

EQUITY_COMPENSATION

EQUITY COMPENSATION	12 Months Ended
	Dec. 31, 2014
EQUITY COMPENSATION
EQUITY COMPENSATION	15. EQUITY COMPENSATION
	Prior to the IPO, the Company historically issued various profit interests and membership interests to pools of certain professionals that provide for the participation in the profits of APMC and/or proceeds of certain capital events. Unless otherwise stated, the grant date fair value of each award or respective membership interest was determined by an independent third-party valuation firm principally using a contingent claims analysis. These awards are referred to as Ares Employee Participation ("AEP") plans and are described below:
	Ares Employee Participation LLC Interests
	AEP I and AEP II Profit Interests—AEP I Profit Interests represent a 3.3% profit interest in APMC and AEP II Profit Interests represent an aggregate of 4.64% profit interest in APMC, issued to a pool of professionals to participate in the profits of APMC and proceeds of certain capital events. The AEP I Profit Interest and AEP II Profit Interest vest over five years from the grant dates, subject to the professionals' continuous service with the Company through vesting dates.
	Exchanged AEP Awards—Represents (a) a 2% indirect membership interest in each of AMH LLC and AIH LLC and (b) a 2.2% profit interest to participate in the proceeds of certain capital events (collectively, "Exchanged AEP Awards"). The Exchanged AEP Awards vest over 17 months from the grant date, subject to the professional's continuous service with the Company through the vesting date.
	AEP IV and AEP VI—Represent awards that vest on the occurrence of (a) a sale, exchange or other transfer of the business of Ares that is not in the ordinary course of business or to another controlled affiliate of Ares or (b) any other similar transaction deemed a capital event in the sole discretion of the manager of the awards (a "Capital Event"). The holders of the awards will be entitled to newly issued partnership interests as a result of the Capital Event. The occurrence of a Capital Event is considered a performance condition. Since Capital Events are defined at the discretion of the manager and represent events for which external factors and uncertainties make it difficult to establish a probability of occurrence prior to the consummation date or effective date, the Company had not deemed a Capital Events to be probable until consummated or effective. As such, the Company had not recorded compensation expenses in connection with these awards as no Capital Event occurred prior to May 1, 2014.
	Indicus—Represents (a) a 0.5% membership interest in each of Ares Holdings and AI (the "Indicus Membership Interest") and (b) a right to receive a 1.14% profit interest to participate in the proceeds of certain capital events (the "Indicus Profit Interest") issued in connection with the Indicus acquisition to the principals who sold their interests in Indicus (the "Indicus Partners").
	The Indicus Membership Interest vests over five years from the Indicus acquisition date, subject to the Indicus Partners' continuous employment or service with the Company through such date. The Indicus Membership Interest is subject to certain forfeiture provisions and the Indicus Partners have a right to exercise a put option during the six-month period ending on August 16, 2016. If all of the Indicus Partners were to exercise their put options, the aggregate settlement amount would be $20.0 million as of December 31, 2014. The amount is presented as equity compensation put option liability in the Consolidated Statements of Financial Condition.
	The grant date fair value of the equity compensation put option feature associated with the Indicus Membership Interest was determined using an option pricing model utilizing a five-year term, a risk-free rate of 0.91%, a strike price of $20.0 million and an expected volatility of 45.5%.
	The grant date fair value of the Indicus Profit Interest was $5.5 million as determined using the Black-Scholes option pricing model utilizing a seven-year term, a risk-free rate of 0.4%, a minimum strike price of $46.0 million and an expected volatility of 47.6%. This fair value was fixed as of the grant date and was being expensed ratably over the three years vesting period. The Indicus Profit Interest is automatically cancelled on the seventh anniversary of the Indicus acquisition.
	AREA Membership Interest—Represents a 1.2% membership interest ("AREA Membership Interest") issued by the Company to a group of former AREA partners who joined the Company in connection with the acquisition of AREA on July 1, 2013. The AREA Membership Interest will be generally 50% vested on the first anniversary of issuance and 100% vested on the second anniversary of issuance. The fair value of these awards was determined using a recent market transaction at the time of determination.
	The following summarizes the grant date fair value associated with each equity award issued prior to May 1, 2014, as well as the expense recognized for each year presented:
							Equity Compensation Expenses							Unrecognized
							Recognized,							Compensation
							Net of Forfeitures							Expenses
							(Presented in thousands)
							Year Ended December 31,							April 30,
				Grant Date
				Fair Value			2014			2013		2012		2014
	AEP I Profit Interest			$	38,400		$	—		$	—	$	5,730	$	—
	AEP II Profit Interests				33,423			14,714			6,016		5,923		12,709
	AEP IV Profit Interests				10,657			10,657			—		—		10,657
	AEP VI Profit Interests				9,047			9,047			—		—		9,047
	Exchanged AEP Awards				68,607			—			12,944		33,584		—
	Indicus
	—Membership Interest				20,700			11,913			3,371		4,947		10,532
	—Profit Interest				5,464			(3,871	)		1,821		1,851		—
	AREA Membership Interest				25,381			20,678			4,685		—		17,555
	Total			$	211,679		$	63,138		$	28,837	$	52,035	$	60,500
	Conversion and Vesting of AEP awards
	On May 1, 2014, in connection with the Reorganization, certain existing interests held by APMC, on behalf of certain of our Co-Founders and senior professionals under AEP plans, that represent less than a full equity interest in the Predecessors were converted into AOG Units and were immediately vested and expensed in full. There was no change in the fair value of these converted interests as a result of the acceleration in vesting; however, the Indicus Profit Interest was cancelled. In connection with this cancellation, the Company reversed expense of $4.3 million. As a result, the Company recognized one-time compensation expense of $56.2 million related to vesting and cancellation of the converted awards in the year ended December 31, 2014.
	Ares Management, L.P. 2014 Equity Incentive Plan
	In connection with the IPO, the board of directors of our general partner adopted the Equity Incentive Plan. Under the Equity Incentive Plan, the Company granted options to acquire 24,835,227 common units, 4,936,051 restricted units to be settled in common units and 686,395 phantom common units to be settled in cash. The total number of units immediately available for issuance under the Equity Incentive Plan was 31,704,545 and as of December 31, 2014, 2,697,974 had not been issued. Based on a formula as defined in the Equity Incentive Plan, the total number units available to be issued under the Equity Incentive Plan increases annually on January 1. As of January 1, 2015, the total number of units available for issuance under the Equity Incentive Plan increased to 31,728,949.
	Equity-based compensation expense, net of assumed forfeitures is included in the following table:
				For the period from
				May 1, 2014 through
				December 31, 2014
	Restricted units			$	8,826
	Options				9,869
	Phantom units				1,396
	Equity-based compensation expense			$	20,091
	Restricted Units
	Each restricted unit represents an unfunded, unsecured right of the holder to receive a common unit on the vesting date. The restricted units generally vest either (i) at a rate of one-third per year, beginning on the third anniversary of the grant date, or (ii) in their entirety on the fifth anniversary of the grant date. Compensation expense associated with restricted units is being recognized on a straight-line basis over the service period of the respective grant. The grant date fair value gives effect to a discount for lack of marketability imposed by a five-year lock up period that was determined to be 5.0% based on Finnerty's average strike price put option model.
	The holders of restricted units have the right to receive as current compensation an amount in cash equal to (i) the amount of any distribution paid with respect to a common unit multiplied by (ii) the number of unvested restricted units held at the time such distributions are declared ("Distribution Equivalent"). The board of directors of our general partner declared a quarterly distribution of $0.18 per common unit to common unitholders of record at the close of business on August 25, 2014 and $0.24 per common unit to common unitholders of record at the close of business on November 24, 2014. For the year ended December 31, 2014, Distribution Equivalents were made to the holders of restricted units of $2.0 million, of which $0.5 million is presented within compensation and benefits in the Consolidated Statements of Operations and $1.5 million is included in distributions in the Consolidated Statements of Changes in Equity.
	The following table presents unvested restricted units' activity during the period from May 1, 2014 through December 31, 2014:
				Restricted Units			Weighted Average
							Grant Date Fair
							Value Per Unit
	Balance—May 1, 2014				—		$	—
	Granted—IPO				4,936,051			18.08
	Forfeited				(159,998	)		18.05
	Balance—December 31, 2014				4,776,053		$	18.08
	No restricted units were vested during the period from May 1, 2014 through December 31, 2014. The total compensation expense expected to be recognized in all future periods associated with the restricted units, considering assumed annual forfeitures of 7.0%, is approximately $58.1 million at December 31, 2014, which is expected to be recognized over the remaining weighted average period of 4.32 years.
	Options
	Each option entitles the holders to purchase from the Company, upon exercise thereof, one common unit at the stated exercise price. The term of the options is generally ten years from the grant date. The options generally vest at a rate of one-third per year, beginning on the third anniversary of the grant date. Compensation expense associated with these options is being recognized on a straight-line basis during the service period of the respective grant. As of December 31, 2014, there was $64.7 million of total unrecognized compensation expense, net of assumed annual forfeitures of 7.0%, that is expected to be recognized over the remaining weighted average period of 4.32 years.
	A summary of unvested options activity during the period from May 1, 2014 through December 31, 2014 is presented below:
				Options			Weighted Average			Weighted Average		Aggregate
							Exercise Price			Remaining Life		Intrinsic
										(in years)		Value
	Balance—May 1, 2014				—		$	—			—
	Granted—IPO				24,835,227			19			9.33
	Forfeited				(604,709	)		19			—
	Balance—December 31, 2014				24,230,518		$	19			9.33
	Exercisable at December 31, 2014				—		$	—			—	$	—
Expected to vest after December 31, 2014				18,611,216		$	19			9.33	$	—
Aggregate intrinsic value represents the value of the Company's closing unit price on the last trading day of the period in excess of the weighted-average exercise price multiplied by the number of options exercisable or expected to vest. As of December 31, 2014, the Company's closing unit price is lower than the weighted average exercise price of the options exercisable or expected to vest. As a result, the options are out of the money and have no intrinsic value.
The fair value of each option granted during the period from May 1 to December 31, 2014 is measured on the date of grant using the Black-Scholes option-pricing model and the following weighted average assumptions:
Risk-free interest rate		2.06% to 2.22%
Weighted average expected dividend yield		5.00%
Expected volatility factor(a)		34.00% to 35.00%
Expected life in years		6.92 to 7.00
(a)	Expected volatility is based on comparable companies using daily stock prices.
The fair value of an award is affected by the Company's unit price on the date of grant as well as other assumptions including the estimated volatility of the Company's unit price over the term of the awards and the estimated period of time that management expects employees to hold their unit options. The estimated period of time that management expects employees to hold their options was estimated as the midpoint between the vesting date and maturity date.
Phantom Units
Each phantom unit represents an unfunded, unsecured right of the holder to receive an amount in cash per phantom unit equal to the average closing price of a common unit for the 15 trading days immediately prior to, and the 15 trading days immediately following, the vesting date. The phantom units will vest in equal installments over five years at the anniversaries of the initial public offering date. The phantom units are accounted for as liability awards with compensation expense being recognized based on a straight-line basis based on the number of units expected to vest during the service period. Forfeitures will reduce the expenses in the period in which the forfeiture occurs.
A summary of unvested phantom units' activity during the period from May 1, 2014 through December 31, 2014 is presented below:
			Phantom Units			Weighted Average
						Grant Date Fair
						Value Per Unit
Balance May 1, 2014				—		$	—
Granted—IPO				686,395			19
Forfeited				(75,684	)		—
Balance December 31, 2014				610,711		$	19
No phantom units were vested during the period from May 1, 2014 through December 31, 2014. Forfeitures are accounted for as they occur. The fair value of the awards is remeasured at each reporting period and was $17.14 per unit as of December 31, 2014. Based on the fair value of the awards at December 31, 2014, $9.1 million of unrecognized compensation expense in connection with phantom units outstanding is expected to be recognized over a weighted average period of 4.33 years. For the period from May 1, 2014 to December 31, 2014, no cash was paid to settle phantom units.
Unvested phantom units, restricted units and options are forfeited upon any termination of employment; provided that, with respect to certain restricted units and options, if a participant's employment is terminated between the first and second year after grant by the Company without "cause," or as a result of a participant's death or disability, 11% of the award will vest and, if the participant's employment is so terminated between the second and third year after grant, 22% of the award will vest.
The Company records deferred tax assets for equity-based compensation awards, based on the amount of equity-based compensation expense recognized at the statutory tax rate in the jurisdiction in which the Company is expected to receive a future tax deduction. From the period of May 1 to December 31, 2014, the Company recognized $2.7 million of deferred tax assets related to its equity-based award. In addition, differences between the deferred tax assets recognized for financial reporting purposes and the actual tax deduction reported on the Company's income tax returns are recorded as adjustments to partners' capital. If the tax deduction is less than the deferred tax asset, the calculated shortfall reduces the pool of excess tax benefits. If the pool of excess tax benefits is reduced to zero, then subsequent shortfalls would increase the income tax expense.

MARKET_AND_OTHER_RISK_FACTORS

MARKET AND OTHER RISK FACTORS	12 Months Ended
	Dec. 31, 2014
MARKET AND OTHER RISK FACTORS
MARKET AND OTHER RISK FACTORS	16. MARKET AND OTHER RISK FACTORS
	Due to the nature of the Company's investment strategy, the Company's portfolio of investments has significant market and credit risk. As a result, the Company is subject to market and other risk factors, including, but not limited to the following:
	Market Risk
	The market price of investments may significantly fluctuate during the period of investment. Investments may decline in value due to factors affecting securities markets generally or particular industries represented in the securities markets. The value of an investment may decline due to general market conditions which are not specifically related to such investment, such as real or perceived adverse economic conditions, changes in the general outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment generally. They may also decline due to factors that affect a particular industry or industries, such as labor shortages or increased production costs and competitive conditions within an industry.
	Limited Liquidity of Investments
	The Company intends to invest in securities that may not be readily marketable. Illiquid investments may trade at a discount from comparable, more liquid investments, and at times there may be no market at all for such investments. Subordinate investments may be less marketable, or in some instances illiquid, because of the absence of registration under federal securities laws, contractual restrictions on transfer, the small size of the market and the small size of the issue (relative to issues of comparable interests). As a result, the Company may encounter difficulty in selling its investments or may, if required to liquidate investments to satisfy redemption requests of its investors or debt service obligations, be compelled to sell such investments at less than fair value.
	Counterparty Risk
	Some of the markets in which the Company may affect its transactions are over-the-counter or interdealer markets. The participants in such markets are typically not subject to credit evaluation and regulatory oversight unlike members of exchange-based markets. The lack of oversight exposes the Company to the risk that a counterparty will not settle a transaction in accordance with its terms and conditions because of a dispute over the terms of the applicable contract (whether or not such dispute is bona fide) or because of a credit or liquidity problem, causing the Company to suffer losses. Such counterparty risk is accentuated for contracts with longer maturities where events may intervene to prevent settlement, or where the Company has concentrated its transactions with a single or small group of counterparties.
	Credit Risk
	There are no restrictions on the credit quality of the investments the Company intends to make. Investments may be deemed by nationally recognized rating agencies to have substantial vulnerability to default in payment of interest and/or principal. Some investments may have low-quality ratings or be unrated. Lower rated and unrated investments have major risk exposure to adverse conditions and are considered to be predominantly speculative. Generally, such investments offer a higher return potential than higher rated investments, but involve greater volatility of price and greater risk of loss of income and principal.
	In general, the ratings of nationally recognized rating organizations represent the opinions of agencies as to the quality of the securities they rate. Such ratings, however, are relative and subjective; they are not absolute standards of quality and do not evaluate the market value risk of the relevant securities. It is also possible that a rating agency might not change its rating of a particular issue on a timely basis to reflect subsequent events. The Company may use these ratings as initial criteria for the selection of portfolio assets for the Company but is not required to utilize them.
	Currency Risk
	The Company may invest in financial instruments and enter into transactions denominated in currencies other than US dollars its functional currency. Although the Company may seek to hedge currency exposure through financial instruments, the Company may still be exposed to risks that the exchange rate of its currency relative to other foreign currencies may change in a manner that has an adverse effect on the value of that portion of the Company's assets or liabilities denominated in currencies other than the functional currency.
	The Company may enter into derivative contracts to manage the risk associated with foreign currency exchange fluctuations on its non-U.S. dollar denominated holdings.

EQUITY

EQUITY	12 Months Ended
	Dec. 31, 2014
EQUITY
EQUITY	17. EQUITY
	Ares Management, L.P.
	Common units represent limited partnership interests in the Company. The holders of common units are entitled to participate pro rata in distributions from the Company and to exercise the rights or privileges that are available to common unitholders under the Company's partnership agreement. The common unitholders have limited voting rights and have no right to remove the Company's general partner, Ares Management GP LLC, or, except in limited circumstances, to elect the directors of the general partner.
	At December 31, 2014, Ares Management, L.P. owns a 38.14% direct interest, or 80,667,664 AOG Units, in each of the Ares Operating Group entities; Ares Owners Holding L.P. owns a 55.95% direct interest, or 118,358,662 AOG Units, in each of the Ares Operating Group entities; and an affiliate of Alleghany owns a 5.91% direct interest, or 12,500,000 AOG units, in each of the Ares Operating Group entities. For the period of May 1 to December 31, 2014, the daily average ownership of AOG Units in each of the Ares Operating Group entities by Ares Owners Holding L.P., Alleghany and Ares Management, L.P. was 56.06%, 5.92% and 38.02%, respectively.
	The Company's ownership percentage of the AOG Units will continue to change upon: (i) the vesting of restricted units and exercise of options that were granted under the Equity Incentive Plan; (ii) the exchange of AOG Units for common units; and (iii) the cancellation of AOG Units in connection with certain individuals' forfeiture of AOG Units upon termination of employment. Holders of the AOG Units may exchange their AOG Units for common units on a one-for-one basis up to four times each year after the second anniversary of the date of the closing of the IPO. Equity is reallocated among partners upon a change in ownership to ensure each partners' capital account properly reflects their respective claim on the residual value of the Company. This change is reflected as either a reallocation of interest or as dilution in the statement of changes in equity.
	Prior to the Reorganization, the Predecessor conducted its business through operating subsidiaries held directly or indirectly by AHI and AI as described below:
	Ares Holdings, Inc.
	AHI, a Delaware Corporation, issued Class A Common Stock and Class B Common Stock, each with a par value of $0.001 per share. Until the consummation of the Reorganization, APMC owned all of the Company's Class A Common Stock and ADIA owned all of the Company's Class B Common Stock, amounting to ownership of AHI equal to 50.1% and 49.9%, respectively. All Class A Common Stock and Class B Common Stock are identical and entitle the holders to the same rights and privileges, except that holders of Class B Common Stock do not have voting rights.
	Ares Investments LLC
	AI was organized as a limited liability company. AI's membership interest was comprised of multiple classes of units with varying economic rights; however only Class A-1 units possessed voting powers. The management of AI was historically vested in its manager, APMC. Class A-1 units were owned by APMC and AREC, an affiliate of ADIA, which owned approximately 80% and 20%, respectively.
	AHI and AI directly or indirectly hold controlling-interests in AM LLC and AIH LLC, as well as their wholly owned subsidiaries.
	In July 2013, AI and AH, a subsidiary controlled by AHI, each issued non-voting, mandatorily convertible Class D units to Alleghany in exchange for $250 million. Upon the completion of the IPO (as defined in the agreement with Alleghany), these units were mandatorily converted into 6.25% of the then-outstanding AOG Units. Prior to the conversion of the units, Alleghany was entitled to a fixed dividend of not least than 5% per year paid quarterly in arrears. In the event of liquidation of AHI prior to the IPO, Alleghany was entitled to receive its initial investment amount, plus unpaid dividends. Class D units were not redeemable at any time prior to the earlier of the 30th day after the 5th anniversary of the issue date or a sale of the Company. The redemption price was an amount equal to (1) 100% of initial investment plus (2) an amount determined based on a return of 10% per annum on the initial investment inclusive of any dividend and distribution received.
	Because of Alleghany's contribution at fair value in exchange for its interest in AI and AHI exceeded the proportion of the carrying value of net assets acquired, the fair value of its contribution was immediately allocated among all members to ensure that equity is reported at carrying value of net assets attributed to each respective ownership interest after giving effect to the contribution. The allocation of $177.4 million is presented as allocation of contribution in excess of carrying value of net assets attributable to Class D units within the combined and consolidated statements of change in equity. Alleghany's residual equity of $64.3 million is presented within non-controlling interest in Ares Operating Group entities within the statement of financial condition and within the statement of changes in equity.

SEGMENT_REPORTING

SEGMENT REPORTING	12 Months Ended
	Dec. 31, 2014
SEGMENT REPORTING
SEGMENT REPORTING	18. 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 $32.4 billion of assets under management as of December 31, 2014. The group manages various types of investment funds, ranging from commingled 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 self-originating direct lender to the U.S. and European markets, with approximately $28.7 billion of assets under management across over approximately 35 funds or investment vehicles as of December 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 approximately 35 funds that include separately managed accounts for large institutional investors seeking tailored investment solutions, commingled funds and joint venture lending programs with affiliates of General Electric Company.
	•	Private Equity Group:  The Company's Private Equity Group has approximately $10.1 billion of assets under management as of December 31, 2014. The group focuses on majority or shared-control investments in businesses with strong franchises and attractive growth opportunities in North America and Europe, as well as growth equity opportunities in China. The group manages five private equity commingled funds.
	•	Real Estate Group:  The Company's Real Estate Group manages comprehensive public and private equity and debt strategies, with approximately $10.6 billion of assets under management as of December 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 commingled funds, separately managed accounts and other fund types.
	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 core 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-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 Consolidated Statements of Operations prepared in accordance with 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 management fees. FRE differs from income before taxes computed in accordance with GAAP as it adjusts for the items included in the calculation of ENI and excludes performance fees, performance fee compensation 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 from performance fees and total investment income. PRE differs from income before taxes computed in accordance with GAAP as it only includes performance fees, performance fee compensation and total investment and other income (expense) earned from Consolidated Funds and non-consolidated funds.
	Distributable earnings ("DE") is a pre-income tax measure that is used to assess amounts potentially available for distributions to stakeholders. Distributable earnings is calculated as the sum of FRE, realized performance fees, realized performance fee compensation and realized net investment and other income, and further adjusts for expenses arising from transaction costs associated with acquisitions, placement fees, underwriting costs, expenses incurred in connection with corporate reorganization and depreciation. DE differs from income before taxes computed in accordance with GAAP as it is presented before giving effect to unrealized performance fees, unrealized performance fee compensation, unrealized net investment income, amortization of intangibles, equity compensation expense and is further adjusted by certain items described in the reconciling table (d) following our segment results.
	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 year ended December 31, 2014:
					Tradable						Direct						Private						Real			Total			OMG			Total
					Credit						Lending						Equity						Estate			Segments						Stand
					Group						Group						Group						Group									Alone
	Management fees (includes ARCC part I fees at $118,537)
	Recurring fees				$		144,102				$		275,571				$		90,690				$	87,683		$	598,046		$	—		$	598,046
	Previously deferred fees						—						—						—					—			—			—			—
	Total management fees						144,102						275,571						90,690					87,683			598,046			—			598,046
	Administrative fees and other income						636						556						219					4,889			6,300			22,147			28,447
	Compensation and benefits						(43,607		)				(138,945		)				(34,386		)			(47,174	)		(264,112	)		(109,030	)		(373,142	)
	General, administrative and other expenses						(13,909		)				(11,196		)				(9,166		)			(15,632	)		(49,903	)		(56,184	)		(106,087	)
	Fee related earnings (loss)						87,222						125,986						47,357					29,766			290,331			(143,067	)		147,264
	Performance fees—realized						96,985						24,878						22,775					1,856			146,494			—			146,494
	Performance fees—unrealized						(71,825		)				11,447						137,853					17,408			94,883			—			94,883
	Performance fee compensation—realized						(47,441		)				(14,938		)				(18,220		)			—			(80,599	)		—			(80,599	)
	Performance fee compensation—unrealized						29,017						(6,740		)				(108,876		)			(2,830	)		(89,429	)		—			(89,429	)
	Net performance fees						6,736						14,647						33,532					16,434			71,349			—			71,349
	Investment income (loss)—realized						44,616						918						4,701					2,344			52,579			—			52,579
	Investment income (loss)—unrealized						(28,629		)				5,305						34,318					(61	)		10,933			—			10,933
	Interest and other investment income						10,086						606						4,741					265			15,698			—			15,698
	Interest expense						(2,017		)				(1,538		)				(3,925		)			(1,137	)		(8,617	)		—			(8,617	)
	Net investment income (loss)						24,056						5,291						39,835					1,411			70,593			—			70,593
	Performance related earnings (loss)						30,792						19,938						73,367					17,845			141,942			—			141,942
	Economic net income (loss)				$		118,014				$		145,924				$		120,724				$	47,611		$	432,273		$	(143,067	)	$	289,206
	Distributable earnings (loss)				$		183,479				$		133,510				$		54,156				$	10,460		$	381,605		$	(148,849	)	$	232,756
	Total assets				$		501,883				$		290,252				$		657,185				$	224,686		$	1,674,006		$	15,206		$	1,689,212
	The following table presents the financial results for the Company's operating segments, as well as the OMG, as of and for the year ended December 31, 2013:
					Tradable						Direct						Private						Real			Total			OMG			Total
					Credit						Lending						Equity						Estate			Segments						Stand
					Group						Group						Group						Group									Alone
	Management fees (includes ARCC part I fees at $110,511)
	Recurring fees				$		129,745				$		238,389				$		93,440				$	40,051		$	501,625		$	—		$	501,625
	Previously deferred fees						15,032						—						—					—			15,032			—			15,032
	Total management fees						144,777						238,389						93,440					40,051			516,657			—			516,657
	Administrative fees and other income						286						400						663					4,138			5,487			18,468			23,955
	Compensation and benefits						(38,289		)				(122,082		)				(30,595		)			(30,812	)		(221,778	)		(83,288	)		(305,066	)
	General, administrative and other expenses						(12,296		)				(8,836		)				(11,536		)			(12,844	)		(45,512	)		(37,372	)		(82,884	)
	Fee related earnings (loss)						94,478						107,871						51,972					533			254,854			(102,192	)		152,662
	Performance fees—realized						121,414						17,385						85,067					317			224,183			—			224,183
	Performance fees—unrealized						15,431						2,326						48,402					5,824			71,983			—			71,983
	Performance fee compensation—realized						(55,758		)				(10,258		)				(68,145		)			(26	)		(134,187	)		—			(134,187	)
	Performance fee compensation—unrealized						(21,428		)				(1,488		)				(37,191		)			—			(60,107	)		—			(60,107	)
	Net performance fees						59,659						7,965						28,133					6,115			101,872			—			101,872
	Investment income (loss)—realized						75,467						8,180						6,590					(13,215	)		77,022			—			77,022
	Investment income (loss)—unrealized						(32,976		)				(3,793		)				14,306					12,134			(10,329	)		—			(10,329	)
	Interest and other income						3,706						4,539						8,974					1,596			18,815			—			18,815
	Interest expense						(2,349		)				(2,974		)				(4,395		)			(1,619	)		(11,337	)		—			(11,337	)
	Net investment income (loss)						43,848						5,952						25,475					(1,104	)		74,171			—			74,171
	Performance related earnings						103,507						13,917						53,608					5,011			176,043			—			176,043
	Economic net income (loss)				$		197,985				$		121,788				$		105,580				$	5,544		$	430,897		$	(102,192	)	$	328,705
	Distributable earnings (loss)				$		228,572				$		122,059				$		79,151				$	(20,338	)	$	409,444		$	(103,725	)	$	305,719
	Total assets				$		583,426				$		209,064				$		464,469				$	178,107		$	1,435,066		$	9,716		$	1,444,782
The following table presents the financial results for the Company's operating segments, as well as the OMG, as of and for the year ended December 31, 2012:
				Tradable						Direct						Private						Real			Total			OMG			Total
				Credit						Lending						Equity						Estate			Segments						Stand
				Group						Group						Group						Group									Alone
Management fees (includes ARCC part I fees at $95,182)
Recurring fees				$		120,538				$		190,129				$		69,252				$	9,814		$	389,733		$	—		$	389,733
Previously deferred fees						24,957						—						—					—			24,957			—			24,957
Total management fees						145,495						190,129						69,252					9,814			414,690			—			414,690
Administrative fees and other income						250						202						673					206			1,331			17,674			19,005
Compensation and benefits						(32,936		)				(101,519		)				(26,330		)			(15,209	)		(175,994	)		(61,352	)		(237,346	)
General, administrative and other expenses						(14,295		)				(5,773		)				(7,960		)			(4,008	)		(32,036	)		(26,445	)		(58,481	)
Fee related earnings (loss)						98,514						83,039						35,635					(9,197	)		207,991			(70,123	)		137,868
Performance fees—realized						57,536						11,523						321,686					—			390,745			—			390,745
Performance fees—unrealized						110,112						2,194						(78,289		)			—			34,017			—			34,017
Performance fee compensation—realized						(29,911		)				(6,913		)				(258,782		)			—			(295,606	)		—			(295,606	)
Performance fee compensation—unrealized						(31,031		)				(1,097		)				60,009					—			27,881			—			27,881
Net performance fees						106,706						5,707						44,624					—			157,037			—			157,037
Investment income (loss)—realized						46,048						(1,308		)				36,817					(49	)		81,508			—			81,508
Investment income (loss)—unrealized						26,733						10,324						(10,923		)			(6,451	)		19,683			—			19,683
Interest and other income						4,455						4,583						7,742					1,203			17,983			—			17,983
Interest expense						(4,051		)				(3,060		)				(3,709		)			(891	)		(11,711	)		—			(11,711	)
Net investment income (loss)						73,185						10,539						29,927					(6,188	)		107,463			—			107,463
Performance related earnings						179,891						16,246						74,551					(6,188	)		264,500			—			264,500
Economic net income (loss)				$		278,405				$		99,285				$		110,186				$	(15,385	)	$	472,491		$	(70,123	)	$	402,368
Distributable earnings (loss)				$		163,781				$		86,944				$		137,284				$	(14,596	)	$	373,413		$	(71,040	)	$	302,373
Total assets				$		640,949				$		220,181				$		389,420				$	52,793		$	1,303,343		$	9,145		$	1,312,488
The following reconciliations contain rounded values that are presented elsewhere within the financial statements. Consequently, the sum of certain values may not match the totals presented herein.
		For the Year Ended December 31, 2014
		Total			Consolidation			Consolidated
		Segments			Adjustments and			Results
					Reconciling Items
Revenues		$	845,723	-1	$	(241,834	)(a)	$	603,889
Expenses			484,046	-2		375,993	(b)		860,039
Other income (expense)			70,593	-3		742,471	(c)		813,065
Economic net income / Income before taxes			432,273			124,640	(d)		556,915
Total assets			1,674,006			19,967,247	(e)		21,641,253
		For the Year Ended December 31, 2013
		Total			Consolidation			Consolidated
		Segments			Adjustments and			Results
					Reconciling Items
Revenues		$	818,310	-1	$	(339,655	)(a)	$	478,655
Expenses			461,584	-2		340,313	(b)		801,897
Other income (expense)			74,171	-3		1,121,712	(c)		1,195,883
Economic net income			430,897			441,744	(d)		872,641
Total assets			1,435,066			22,270,318	(e)		23,705,384
		For the Year Ended December 31, 2012
		Total			Consolidation			Consolidated
		Segments			Adjustments and			Results
					Reconciling Items
Revenues		$	840,783	-1	$	(506,737	)(a)	$	334,046
Expenses			475,755	-2		282,776	(b)		758,531
Other income (expense)			107,463	-3		1,578,856	(c)		1,686,327
Economic net income			472,491			789,351	(d)		1,261,842
Total assets			1,303,343			23,192,534	(e)		24,495,877
-1	Segment revenues consist of management fees, administrative fees and other income, as well as realized and unrealized performance fees.
					2014						2013						2012
Management fees					$		598,046				$		516,657				$		414,690
Administrative fees and other income							6,300						5,487						1,331
Performance fees—realized							146,494						224,183						390,745
Performance fees—unrealized							94,883						71,983						34,017
Total segment revenue					$		845,723				$		818,310				$		840,783
-2	Segment expenses consist of compensation and benefits, and general, administrative and other expenses, as well as realized and unrealized performance fee expenses.
					2014						2013						2012
Compensation and benefits					$		264,112				$		221,778				$		175,994
General, administrative and other expenses							49,903						45,512						32,036
Performance fee compensation—realized							80,599						134,187						295,606
Performance fee compensation—unrealized							89,429						60,107						(27,881		)
Total segment expense					$		484,046				$		461,584				$		475,755
-3	Segment net investment income consists of realized and unrealized investment income and expenses, interest and other income and interest expenses.
					2014						2013						2012
Investment income (loss)—realized					$		52,579				$		77,022				$		81,508
Investment Income (loss)—unrealized							10,933						(10,329		)				19,683
Interest, dividend and other investment income							15,698						18,815						17,983
Interest expense							(8,617		)				(11,337		)				(11,711		)
Net investment income					$		70,593				$		74,171				$		107,463
(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.
				2014						2013						2012
Consolidated Fund income eliminated in consolidation				$		(249,394		)		$		(351,983		)		$		(524,411		)
Administrative fees and other income attributable to OMG						22,147						18,468						17,674
Performance fees—realized reclass(1)						(1,856		)				—						—
Performance fees—unrealized reclass(1)						(12,731		)				(6,141		)				—
Total consolidated adjustments and reconciling items				$		(241,834		)		$		(339,655		)		$		(506,737		)
-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 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.
				2014						2013						2012
Consolidated Fund expenses added in consolidation				$		187,494				$		317,083				$		345,048
Consolidated Fund expenses eliminated in consolidation						(120,694		)				(182,104		)				(228,543		)
OMG expenses						165,214						120,660						87,797
Acquisition related expenses						11,043						6,235						(684		)
Equity compensation expense						83,230						28,837						52,035
Income tax expenses(1)						—						546						579
Placement fees and underwriting costs						14,753						8,403						13,240
Amortization of intangibles						27,610						34,399						8,682
Depreciation expense						7,347						6,255						4,603
Total consolidation adjustments and reconciling items				$		375,993				$		340,313				$		282,776
-1		Relates to 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.
				2014						2013						2012
Consolidated Funds other income added in consolidation, net				$		785,152				$		1,175,864				$		1,664,489
Other income from Consolidated Funds eliminated in consolidation, net						(53,883		)				(60,291		)				(85,643		)
Performance fee reclass(1)						14,587						6,141						—
Loss on disposal of fixed assets						(3,062		)				—						—
Non-cash other expense						(324		)				—						—
Total consolidation adjustments and reconciling items				$		742,471				$		1,121,712				$		1,578,856
-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 Consolidated Statements of Operations.
(d)	The reconciliation of income before taxes as reported in the Consolidated Statements of Operations to segment results of economic net income, fee related earnings, performance related earnings and distributable earnings consists of the following:
				2014						2013						2012
Economic net income
Income before taxes				$		556,915				$		872,641				$		1,261,842
Adjustments:
Amortization of intangibles						27,610						34,399						8,682
Depreciation expense						7,347						6,255						4,603
Equity compensation expenses						83,230						28,837						52,035
Income tax expense(2)						—						546						579
Acquisition-related expenses(1)						11,043						6,235						(684		)
Placement fees and underwriting costs						14,753						8,403						13,240
OMG expenses, net						143,067						102,192						70,123
Loss on fixed asset disposal						3,062						—						—
Non-cash other expense						324						—						—
Income (loss) of non-controlling interests in Consolidated Funds						(420,358		)				(586,771		)				(933,592		)
Income tax expense (benefit) of non-controlling interests in Consolidated Funds						5,283						(41,840		)				(4,338		)
Total consolidation adjustments and reconciling items						(124,640		)				(441,744		)				(789,351		)
Economic net income				$		432,273				$		430,897				$		472,491
Fee related earnings
Income before taxes				$		556,915				$		872,641				$		1,261,842
Adjustments:
Amortization of intangibles						27,610						34,399						8,682
Depreciation expense						7,347						6,255						4,603
Equity compensation expenses						83,230						28,837						52,035
Income tax expense(1)						—						546						579
Acquisition-related expenses						11,043						6,235						(684		)
Placement fees and underwriting costs						14,753						8,403						13,240
OMG expenses, net						143,067						102,192						70,123
Loss on fixed asset disposal						3,062						—						—
Non-cash other expense						324						—						—
Income of non-controlling interests in Consolidated Funds						(420,358		)				(586,771		)				(933,592		)
Income tax expense (benefit) of non-controlling interests in Consolidated Funds						5,283						(41,840		)				(4,338		)
Total consolidation adjustments and reconciling items						(124,640		)				(441,744		)				(789,351		)
Economic net income						432,273						430,897						472,491
Total performance fees income—realized						(146,494		)				(224,183		)				(390,745		)
Total performance fees income—unrealized						(94,883		)				(71,983		)				(34,017		)
Total performance fee compensation—realized						80,599						134,187						295,606
Total performance fee compensation—unrealized						89,429						60,107						(27,881		)
Total investment income						(70,593		)				(74,171		)				(107,463		)
Fee related earnings				$		290,331				$		254,854				$		207,991
Management fees				$		598,046				$		516,657				$		414,690
Administrative fees and other income						6,300						5,487						1,331
Compensation and benefits						(264,112		)				(221,778		)				(175,994		)
General, administrative and other expenses						(49,903		)				(45,512		)				(32,036		)
Fee related earnings				$		290,331				$		254,854				$		207,991
				2014						2013						2012
Performance related earnings:
Income before taxes				$		556,915				$		872,641				$		1,261,842
Adjustments:
Amortization of intangibles						27,610						34,399						8,682
Depreciation expense						7,347						6,255						4,603
Equity compensation expenses						83,230						28,837						52,035
Income tax expense(1)						—						546						579
Acquisition-related expenses						11,043						6,235						(684		)
Placement fees and underwriting costs						14,753						8,403						13,240
OMG expenses, net						143,067						102,192						70,123
Loss on fixed asset disposal						3,062						—						—
Non-cash other expense						324						—						—
Income (loss) of non-controlling interests in Consolidated Funds						(420,358		)				(586,771		)				(933,592		)
Income tax expense (benefit) of non-controlling interests in Consolidated Funds						5,283						(41,840		)				(4,338		)
Economic net income						432,273						430,897						472,491
Total management fees						(598,046		)				(516,657		)				(414,690		)
Administrative fees and other income						(6,300		)				(5,487		)				(1,331		)
Compensation and benefits						264,112						221,778						175,994
General, administrative and other expenses						49,903						45,512						32,036
Performance related earnings				$		141,942				$		176,043				$		264,500
Total performance fees—realized				$		146,494						224,183						390,745
Total performance fees—unrealized						94,883						71,983						34,017
Total performance fee compensation—realized						(80,599		)				(134,187		)				(295,606		)
Total performance fee compensation—unrealized						(89,429		)				(60,107		)				27,881
Net investment income (loss)						70,593						74,171						107,463
Performance related earnings				$		141,942				$		176,043				$		264,500
-1	Relates to income taxes paid by subsidiary operating entities included in general, administrative and other expenses.
				2014						2013						2012
Distributable earnings
Income (loss) before taxes				$		556,915				$		872,641				$		1,261,842
Adjustments:
Amortization of intangibles						27,610						34,399						8,682
Equity compensation expenses						83,230						28,837						52,035
OMG distributable loss(1)						148,849						103,725						71,040
Non-cash acquisition-related expenses						—						—						(684		)
Taxes paid(2)						(2,335		)				—						—
Other non-cash items						(1,201		)				—						—
Income (loss) of non-controlling interests in Consolidated Funds						(420,358		)				(586,771		)				(933,592		)
Income tax (expense) benefit of non-controlling interests in Consolidated Funds						5,283						(41,840		)				(4,338		)
Unrealized performance fees						(94,883		)				(71,983		)				(34,017		)
Unrealized performance fee compensation						89,429						60,107						(27,881		)
Unrealized investment and other income (loss)						(10,933		)				10,329						(19,683		)
Distributable earnings				$		381,605				$		409,444				$		373,413
Fee related earnings				$		290,331				$		254,854				$		207,991
Performance fees—realized						146,494						224,183						390,745
Performance fee compensation—realized						(80,599		)				(134,187		)				(295,606		)
Investment and other income realized, net						59,659						84,500						87,788
Net performance related earnings—realized						125,554						174,496						182,927
Less:
One-time acquisition costs(3)						(8,446		)				(6,235		)				—
Income tax expense(4)						(1,722		)				(546		)				(579		)
Non-cash income items						(1,525		)				—						—
Placement fees and underwriting costs						(14,753		)				(8,403		)				(13,240		)
Non-cash depreciation and amortization(5)						(7,832		)				(4,722		)				(3,686		)
Distributable earnings				$		381,605				$		409,444				$		373,413
-1		Represents OMG distributable earnings which includes depreciation expense.
-2		Represents current portion of income tax expense of subsidiary operating entities.
-3		One-time acquisition costs are reduced by the amounts attributable to OMG, equal to $2,597 and $0 for the years ended December 31, 2014 and 2013, respectively.
-4		Represents current tax expense of subsidiary operating entities. Taxes attributable to OMG equal $613, $0 and $0 for the years ended December 31, 2014, 2013, and 2012 respectively.
-5		Depreciation and amortization includes loss on disposal of assets, and is reduced by the amounts attributed to OMG equal to $2,577, $1,533 and $917 for the years ended December 31, 2014, 2013 and 2012.
(e)	The reconciliation of total segment assets to total assets reported in the Consolidated Statements of Financial Condition consists of the following:
				2014						2013						2012
Total assets from Consolidated Funds eliminated in consolidation				$		(806,765		)		$		(805,908		)		$		(841,351		)
Total assets from Consolidated Funds added in consolidation						20,758,806						23,066,510						24,024,740
OMG assets						15,206						9,716						9,145
Total consolidation adjustments and reconciling items				$		19,967,247				$		22,270,318				$		23,192,534

CONSOLIDATING_SCHEDULES

CONSOLIDATING SCHEDULES	12 Months Ended
	Dec. 31, 2014
CONSOLIDATING SCHEDULES
CONSOLIDATING SCHEDULES	19. CONSOLIDATING SCHEDULES
	The following supplemental financial information illustrates the consolidating effects of the Consolidated Funds on the Company's financial condition as of December 31, 2014 and 2013 and results from operations for the years ended December 31, 2014, 2013 and 2012.
		As of December 31, 2014
		Consolidated			Consolidated Funds			Eliminations			Consolidated
		Company Entities
	Assets
	Cash and cash equivalents	$	148,858		$	—		$	—		$	148,858
	Restricted cash and cash equivalents		32,734			—			—			32,734
	Investments, at fair value		594,346			—			(424,022	)		170,324
	Derivative assets, at fair value		7,623			—			—			7,623
	Performance fees receivable		548,098			—			(361,039	)		187,059
	Due from affiliates		166,225			—			(19,691	)		146,534
	Other assets		64,798			—			(93	)		64,705
	Intangible assets, net		40,948			—			—			40,948
	Goodwill		85,582			—			—			85,582
	Assets of Consolidated Funds
	Cash and cash equivalents		—			1,314,397			—			1,314,397
	Investments, at fair value		—			19,123,950			—			19,123,950
	Loans held for investment, net		—			77,514			—			77,514
	Due from affiliates		—			13,262			(1,920	)		11,342
	Dividends and interest receivable		—			81,331			—			81,331
	Receivable for securities sold		—			132,753			—			132,753
	Derivative assets, at fair value		—			3,126			—			3,126
	Other assets		—			12,473			—			12,473
	Total assets	$	1,689,212		$	20,758,806		$	(806,765	)	$	21,641,253
	Liabilities
	Accounts payable and accrued expenses	$	101,912		$	—		$	(602	)	$	101,310
	Accrued compensation		129,433			—			—			129,433
	Derivative liabilities, at fair value		2,850			—			—			2,850
	Due to affiliates		19,881			—			(851	)		19,030
	Performance fee compensation payable		381,164			—			(896	)		380,268
	Debt obligations		245,752			—			—			245,752
	Equity compensation put option liability		20,000			—			—			20,000
	Deferred tax liability, net		19,861			—			—			19,861
	Liabilities of Consolidated Funds
	Accounts payable, accrued expenses and other liabilities		—			68,674			(85	)		68,589
	Due to affiliates		—			63,417			(60,976	)		2,441
	Payable for securities purchased		—			618,902			—			618,902
	Derivative liabilities, at fair value		—			42,332			—			42,332
	Securities sold short, at fair value		—			3,763			—			3,763
	Deferred tax liability, net		—			22,214			—			22,214
	CLO loan obligations		—			12,120,842			(71,672	)		12,049,170
	Fund borrowings		—			777,600			—			777,600
	Mezzanine debt		—			378,365			—			378,365
	Total liabilities		920,853			14,096,109			(135,082	)		14,881,880
	Commitments and contingencies
	Redeemable interest in Consolidated Funds		—			1,037,450			—			1,037,450
	Redeemable interest in Ares Operating Group entities		23,988			—			—			23,988
	Non-controlling interest in Consolidated Funds:		—			—			—			—
	Non-controlling interest in Consolidated Funds		—			5,663,172			(674,443	)		4,988,729
	Equity appropriated for Consolidated Funds		—			(37,926	)		—			(37,926	)
	Non-controlling interest in Consolidated Funds		—			5,625,246			(674,443	)		4,950,803
	Non-controlling interest in Ares Operating Group entities		463,493			—			—			463,493
	Controlling interest in Ares Management, L.P.:
	Partners' Capital (80,667,664 units issued and outstanding)		285,025			—			—			285,025
	Accumulated other comprehensive gain (loss)		(4,146	)		—			2,760			(1,386	)
	Total controlling interest in Ares Management, L.P		280,879			—			2,760			283,639
	Total equity		744,372			5,625,246			(671,683	)		5,697,935
	Total liabilities, redeemable interests, non-controlling interests and equity	$	1,689,212			20,758,806			(806,765	)	$	21,641,253
		As of December 31, 2013
		Consolidated			Consolidated			Eliminations			Consolidated
		Company			Funds
		Entities
	Assets
Cash and cash equivalents	$	89,802		$	—		$	—		$	89,802
Restricted cash and cash equivalents		13,344			—			—			13,344
Investments, at fair value		525,596			—			(436,158	)		89,438
Derivative assets, at fair value		1,164			—			—			1,164
Performance fees receivable		481,751			—			(344,069	)		137,682
Due from affiliates		130,625			—			(21,705	)		108,920
Other assets		75,599			—			(1,999	)		73,600
Intangible assets, net		68,742			—			—			68,742
Goodwill		58,159			—			—			58,159
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
Accounts payable and accrued expenses	$	69,550		$	—		$	(2,064	)	$	67,486
Accrued compensation		132,917			—			—			132,917
Derivative liabilities, at fair value		2,907			—			—			2,907
Due to affiliates		35,149			—			(2,459	)		32,690
Performance fee compensation payable		295,978			—			—			295,978
Debt obligations		153,119			—			—			153,119
Deferred tax liability, net		21,002			—			—			21,002
Liabilities of Consolidated Funds
Accounts payable, accrued expenses and other liabilities		—			95,839			—			95,839
Due to affiliates		—			92,211			(89,516	)		2,695
Payable for securities purchased		—			945,115			—			945,115
Derivative liabilities, at fair value		—			75,115			—			75,115
Securities sold short, at fair value		—			1,633			—			1,633
Deferred tax liability, net		—			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 Ares Operating Group entities		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 Ares Operating Group entities		167,731			—			—			167,731
Members' equity and common stock of Predecessor		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 Year Ended December 31, 2014
	Consolidated			Consolidated			Eliminations			Consolidated
	Company			Funds
	Entities
Revenues
Management fees (includes ARCC Part I Fees of $118,537)	$	598,046		$	—		$	(111,569	)	$	486,477
Performance fees		226,790			—			(135,378	)		91,412
Other fees		28,447			—			(2,447	)		26,000
Total revenues		853,283			—			(249,394	)		603,889
Expenses
Compensation and benefits		456,372			—			—			456,372
Performance fee compensation		170,028			—			—			170,028
General, administrative and other expense		166,839			—			—			166,839
Consolidated Fund expenses		—			187,494			(120,694	)		66,800
Total expenses		793,239			187,494			(120,694	)		860,039
Other income (expense)
Interest and other investment income		15,956			—			(8,712	)		7,244
Interest expense		(8,617	)		—			—			(8,617	)
Other income (expense), net		(3,644	)		—			1,222			(2,422	)
Net realized gain (loss) on investments		54,434			—			(46,622	)		7,812
Net change in unrealized appreciation (depreciation) on investments		23,667			—			649			24,316
Interest and other investment income of Consolidated Funds		—			939,735			(1,900	)		937,835
Interest expense of Consolidated Funds		—			(674,373	)		8,000			(666,373	)
Net realized gain (loss) on investments of Consolidated Funds		—			44,781			—			44,781
Net change in unrealized appreciation (depreciation) on investments of Consolidated Funds		—			475,009			(6,520	)		468,489
Total other income (expense)		81,796			785,152			(53,883	)		813,065
Income before taxes		141,840			597,658			(182,583	)		556,915
Income tax expense (benefit)		16,536			(5,283	)		—			11,253
Net income		125,304			602,941			(182,583	)		545,662
Less: Net income attributable to redeemable interests in Consolidated Funds		—			3,071			(506	)		2,565
Less: Net income attributable to non-controlling interests in Consolidated Funds		—			599,870			(182,077	)		417,793
Less: Net income attributable to redeemable interests in Ares Operating Group entities		731			—			—			731
Less: Net income attributable to non-controlling interests in Ares Operating Group entities		89,585			—			—			89,585
Net income attributable to Ares Management, L.P.	$	34,988		$	—		$	—		$	34,988
	For the Year Ended December 31, 2013
	Consolidated			Consolidated			Eliminations			Consolidated
	Company			Funds
	Entities
Revenues
Management fees (includes ARCC Part I Fees of $110,511)	$	516,657		$	—		$	(141,085	)	$	375,572
Performance fees		290,026			—			(210,226	)		79,800
Other fees		23,955			—			(672	)		23,283
Total revenues		830,638			—			(351,983	)		478,655
Expenses
Compensation and benefits		333,902			—			—			333,902
Performance fee compensation		194,294			—			—			194,294
General, administrative and other expense		138,722			—			(258	)		138,464
Consolidated Fund expenses		—			317,083			(181,846	)		135,237
Total expenses		666,918			317,083			(182,104	)		801,897
Other income (expense)
Interest and other investment income		18,815			—			(12,819	)		5,996
Interest expense		(9,475	)		—			—			(9,475	)
Debt extinguishment expense		(1,862	)		—			—			(1,862	)
Other income (expense), net		(200	)								(200	)
Net realized gain (loss) on investments		77,015			—			(83,388	)		(6,373	)
Net change in unrealized appreciation (depreciation) on investments		(3,983	)		—			19,278			15,295
Interest and other investment income of Consolidated Funds		—			1,236,720			(683	)		1,236,037
Interest expense of Consolidated Funds		—			(542,587	)		8,156			(534,431	)
Debt extinguishment gain of Consolidated Funds		—			11,800			—			11,800
Net realized gain (loss) on investments of Consolidated Funds		—			64,382			—			64,382
Net change in unrealized appreciation (depreciation) on investments of Consolidated Funds		—			405,549			9,165			414,714
Total other income (expense)		80,310			1,175,864			(60,291	)		1,195,883
Income before taxes		244,030			858,781			(230,170	)		872,641
Income tax expense		17,423			41,840			—			59,263
Net income		226,607			816,941			(230,170	)		813,378
Less: Net income attributable to redeemable interests in Consolidated Funds		—			141,040			(3,116	)		137,924
Less: Net income attributable to non-controlling interests in Consolidated Funds		—			675,901			(227,054	)		448,847
Less: Net income attributable to redeemable interests in Ares Operating Group entities		2,451			—			—			2,451
Less: Net income attributable to non-controlling interests in Ares Operating Group entities		43,674			—			—			43,674
Less: Net income attributable to controlling interest in Predecessor		180,482			—			—			180,482
Net income attributable to Ares Management, L.P.	$	—		$	—		$	—		$	—
	For the Year Ended December 31, 2012
	Consolidated			Consolidated			Eliminations			Consolidated
	Company			Funds
	Entities
Revenues
Management fees (includes ARCC Part I Fees of $95,182)	$	414,690		$	—		$	(165,106	)	$	249,584
Performance fees		424,762			—			(355,271	)		69,491
Other fees		19,005			—			(4,034	)		14,971
Total revenues		858,457			—			(524,411	)		334,046
Expenses
Compensation and benefits		288,719			—			—			288,719
Performance fee compensation		267,725			—			—			267,725
General, administrative and other expense		85,582			—			—			85,582
Consolidated Fund expenses		—			345,048			(228,543	)		116,505
Total expenses		642,026			345,048			(228,543	)		758,531
Other income (expense)
Interest and other investment income		17,983			—			(9,559	)		8,424
Interest expense		(8,679	)		—			—			(8,679	)
Debt extinguishment expense		(3,032	)		—			—			(3,032	)
Other income (expense), net		7			—			—			7
Net realized gain (loss) on investments		81,508			—			(74,846	)		6,662
Net change in unrealized appreciation (depreciation) on investments		19,694			—			(21,364	)		(1,670	)
Interest and other investment income of Consolidated Funds		—			1,407,757			(1,164	)		1,406,593
Interest expense of Consolidated Funds		—			(464,073	)		14,696			(449,377	)
Net realized gain (loss) on investments of Consolidated Funds		—			1,794,412			—			1,794,412
Net change in unrealized appreciation (depreciation) on investments of Consolidated Funds		—			(1,073,607	)		6,594			(1,067,013	)
Total other income (expense)		107,481			1,664,489			(85,643	)		1,686,327
Income before taxes		323,912			1,319,441			(381,511	)		1,261,842
Income tax expense		21,816			4,338			—			26,154
Net income		302,096			1,315,103			(381,511	)		1,235,688
Less: Net income attributable to redeemable interests in Consolidated Funds		—			202,191			(3,116	)		199,075
Less: Net income attributable to non-controlling interests in Consolidated Funds		—			1,112,912			(378,395	)		734,517
Less: Net income attributable to redeemable interests in Ares Operating Group entities		3,293			—			—			3,293
Less: Net income attributable to non-controlling interests in Ares Operating Group entities		78,157			—			—			78,157
Less: Net income attributable to controlling interest in Predecessor		220,646			—			—			220,646
Net income attributable to Ares Management, L.P.	$	—		$	—		$	—		$	—

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2014
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	20. SUBSEQUENT EVENTS
	In March 2015, the board of directors of our general partner declared a quarterly distribution of $0.24 per common unit to common unitholders of record at the close of business on March 16, 2015, payable on March 24, 2015.
	During the first quarter of 2015, the Company granted 144,196 restricted units and 680,682 options to certain employees. The awards vest at a rate of one-third per year, beginning on the third anniversary of the grant date. The awards are forfeited upon any termination of employment; provided that if such employee's employment is terminated between the first and second year after grant by the Company without "cause," or as a result of such employee's death or disability, generally 11% of the award will vest, and if the employee's employment is so terminated between the second and third year after grant, 22% of the award will vest.
	Acquisition of EIF Management, LLC
	On January 1, 2015, the Company completed the acquisition of all of the outstanding membership interests of EIF Management, LLC ("EIF"), a Delaware limited liability company, in accordance with the membership interest purchase agreement entered into on October 30, 2014. EIF is an asset manager in the U.S. power and energy assets industry with approximately $4.0 billion of AUM across four commingled funds and related co-investment vehicles at December 31, 2014. As a result of the acquisition, the Company now has a new energy infrastructure equity strategy focused on generating long-term, stable cash-flowing investments in the power generation, transmission and midstream energy sector. EIF is an extension of the Company's Private Equity Group segment.
	The acquisition-date fair value of the consideration transferred totaled $149.2 million, which consisted of the following:
	Cash		$	64,532
	Equity (1,578,947 Ares Operating Group units)			25,468
	Contingent consideration			59,171
	Total		$	149,171
	The acquisition-date fair value of the 1,578,947 Ares Operating Group Units issued was determined based on the volume weighted average price of Ares common units on the New York Stock Exchange from October 17, 2014 to November 13, 2014 in accordance with the membership interest purchase agreement.
	The transaction also included contingent consideration that is payable to EIF's former membership interest holders if Ares successfully launches a new fund ("Fund V") that meets certain revenue and fee paying commitment targets during the commitment period.
	The fair value of the liability for contingent consideration as of the acquisition date was $78.0 million and is subject to change until the liability is settled with the related impact recorded to our consolidated statements of operations as acquisition-related and other expenses. Contingent consideration includes (i) cash and equity consideration, with fair value estimated to be approximately $59.2 million, that are not subjected to vesting or are fully vested and will be recorded as purchase price and (ii) equity consideration, with fair value estimated to be approximately $18.8 million, that will generally vest ratably over a period of two to five years after Fund V's final closing and will be recorded as equity-based compensation. Up to half of the Ares Operating Group Units issued are exchangeable from and after July 1, 2015 and all of the Ares Operating Group Units issued in the transaction from and after January 2, 2016, subject to customary conversion rate adjustments for splits, unit distributions and reclassifications, or, at the Company's option, for cash.
	The fair value of the contingent consideration was estimated using an income approach, specifically a probability-weighted discounted cash flow model. This fair value measurement is based on significant inputs not observable in the market and thus represents a Level III measurement as defined in ASC 820. The key assumptions in applying the discounted cash flow model are as follows: discount rate of 4.1% estimated based on the short-term pre-tax cost of debt and probability adjusted revenues between $16.9 million and $45.0 million.
	The following is a summary of the estimated fair values of assets acquired and liabilities assumed for the EIF acquisition as of January 1, 2015. The Company is in the process of obtaining third-party valuations of certain intangible assets; thus, the provisional measurements of contingent consideration, intangible assets, goodwill and deferred income tax are subject to change. Additionally, the Company evaluated three leases assumed in connection with the EIF acquisition as of January 1, 2015. Based upon the existing terms of the acquired leases, the Company determined that the lease payments are at current market conditions. The fair value of assets acquired and liabilities assumed are estimated to be:
	Cash		$	95
	Other tangible assets			610
	Intangible assets:
	—Management contracts			48,521
	—Client relationships			38,600
	—Trade name			3,200
	Total intangible assets			90,321
	Total identifiable assets acquired			91,026
	Accounts payable, accrued expenses and other liabilities			455
	Total liabilities assumed			455
	Net identifiable assets acquired		$	90,571
	Goodwill:
	—Assembled workforce			8,300
	—Others			50,300
	Total goodwill			58,600
	Net assets acquired		$	149,171
	The Company incurred $2.9 million of acquisition-related costs which are expensed as incurred and reported within general, administrative, and other expenses within the Consolidated Statements of Operations.
	Supplemental information on an unaudited pro forma basis, as if the EIF acquisition had been consummated as of January 1, 2014 is as follows:
			Year Ended		May 1, 2014 -
			December 31, 2014		December 31, 2014
			(Unaudited)		(Unaudited)
	Total Revenues		$	42,767	$	28,512
	Net Income Attributable to Ares Management, L.P.		$	174	$	116
	Earnings Per Common Unit—Basic and Diluted		$	0.00	$	0.00
	The unaudited pro forma supplemental information is based on estimates and assumptions, which the Company believes are reasonable. These results are not necessarily indicative of the Company's consolidated financial condition or statements of operations in future periods or the results that actually would have been realized had the Company and EIF been a combined entity during the period presented. These amounts have been calculated after applying the Company's accounting policies and adjusting the results of EIF to reflect the additional amortization that would have been charged assuming the fair value adjustments to intangible assets had been applied on January 1, 2014, together with the consequential tax effects. Prior to the Reorganization and the IPO in May 2014, the Company's businesses were conducted through multiple operating businesses rather than a single holding entity. As such, there was no single capital structure upon which to calculate historical earnings per common unit information. Accordingly, unaudited pro forma earnings per common unit information has not been presented for the period from January 1, 2014 and April 30, 2014 and for the year ended December 31, 2013. Revenues and net income attributable to Ares Management, L.P. are prorated evenly over a twelve-month period for the calculation of unaudited pro forma earnings per common unit for the period from May 1, 2014 to December 31, 2014.
	Goodwill and Intangible Assets
	The carrying value of goodwill was $58.6 million as of January 1, 2015 and is 100% allocated to the Private Equity Group segment. The goodwill to be recognized is attributable primarily to expected synergies and the assembled workforce of EIF. None of the goodwill is expected to be deductible for income tax purposes.
	The $90.3 million acquired intangible assets are assigned to finite-lived intangible assets as follows:
	•	$38.6 million is provisionally assigned to client relationship and is subject to an estimated useful life of approximately 12 to 15 years;
	•	$48.5 million is provisionally assigned to acquired management contracts and is subject to an estimated useful life of approximately two to four years; and
	•	$3.2 million is provisionally assigned to trade name that is subject to an estimated useful life of approximately seven to eight years.
	As noted earlier, the fair value of the acquired identifiable intangible assets is provisional pending receipt of the final valuations for these assets.
	Guarantees
	In connection with the acquisition of EIF, AM LLC will provide credit support to a new $18 million credit facility (the "EIF Guaranteed Facility"), entered into by a wholly owned subsidiary of the Company with a national banking association on January 1, 2015. In connection with the facility, AM LLC will make payments to the lender (i) upon a triggering event under the EIF Guaranteed Facility or (ii) among other things, in the event that the Company fails to maintain an aggregate amount not less than the lesser of (a) three times the outstanding balance of EIF Guaranteed Facility and (b) $50 million from its cash, cash equivalents or availability under any revolving credit facility to which the Company is a party and that are available. The Company will receive a credit support fee of 5.0% per annum times the average amount of the loans outstanding under the EIF Guaranteed Facility. The guarantee is entered into between a parent and a subsidiary and is subject to the scope exception under ASC 460, Guarantees. No guarantee liability will be recognized by the Company. The credit support fee will be eliminated upon consolidation.
	Commitments
	The Company will fund any future commitment required to be provided by the general partner of Fund V. The future commitment will range from 1.5% to 2.5% of the aggregate capital commitments from the limited partners of Fund V and the amount is not reasonably determinable as of acquisition date.

QUARTERLY_FINANCIAL_DATA_UNAUD

QUARTERLY FINANCIAL DATA (UNAUDITED)	12 Months Ended
	Dec. 31, 2014
QUARTERLY FINANCIAL DATA (UNAUDITED)
QUARTERLY FINANCIAL DATA (UNAUDITED)	21. QUARTERLY FINANANCIAL DATA (UNAUDITED)
	Unaudited quarterly information for each of the three months in the years ended December 31, 2014 and 2013 are presented below. For periods prior to the Reorganization and the Company's initial public offering in May 2014, the financial information reflects the combined and consolidated financial results of the Predecessor.
			For the Three Months Ended
			March 31,		June 30,			September 30,			December 31,
			2014		2014			2014			2014
	Revenues		$	133,628	$	131,618		$	175,161		$	163,482
	Expenses			184,130		259,102			203,337			213,470
	Other income (loss)			325,177		318,973			(48,709	)		217,624
	Income (loss) before provision for income taxes			274,675		191,489			(76,885	)		167,636
	Net income (loss)			281,370		186,222			(79,284	)		157,354
	Net income (loss) attributable to Ares Management, L.P.			N/A		17,842			13,971			3,175
	Net income (loss) attributable to Ares Management L.P. per common unit
	Basic			N/A	$	0.22		$	0.17		$	0.04
	Diluted			N/A	$	0.22		$	0.17		$	0.04
	Distributions declared per common unit(1)			N/A	$	0.18		$	0.24		$	0.24
			For the Three Months Ended
			March 31,		June 30,			September 30,			December 31,
			2013		2013			2013			2013
	Revenues		$	107,537	$	89,302		$	135,877		$	145,939
	Expenses			213,067		109,793			237,037			242,000
	Other income (loss)			353,114		(109,931	)		512,147			440,553
	Income (loss) before provision for income taxes			247,584		(130,422	)		410,987			344,492
	Net income (loss)			223,134		(136,734	)		406,197			320,781
	Net income (loss) attributable to Ares Management, L.P.			N/A		N/A			N/A			N/A
	Net income (loss) attributable to Ares Management L.P. per common unit
	Basic			N/A		N/A			N/A			N/A
	Diluted			N/A		N/A			N/A			N/A
	Distributions declared per common unit(1)			N/A		N/A			N/A			N/A
	-1	Distributions declared per common unit are reflected in the period the income is earned.

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2014
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
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 fund. These rights are known as kick-out rights.
Variable Interest Model	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 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.
	As of December 31, 2014 and 2013, assets of consolidated VIEs reflected in the Consolidated Statements of Financial Condition were $14.2 billion and $14.2 billion, respectively, and are presented within "Assets of Consolidated Funds." As of December 31, 2014 and 2013, liabilities of consolidated VIEs reflected in the Consolidated Statements of Financial Condition were $13.2 billion and $13.1 billion, respectively, and are presented within "Liabilities of Consolidated Funds." The holders of the consolidated VIEs' liabilities do not have recourse to the Company other than to the assets of the consolidated VIEs. The assets and liabilities of the consolidated VIEs are comprised primarily of investment securities and loan obligations, respectively. All significant intercompany transactions and balances have been eliminated in consolidation.
	As of December 31, 2014 and 2013, the Company held $193.0 million and $162.7 million of investments in these consolidated VIEs, respectively, which represents its maximum exposure to loss. The maximum exposure to loss represents the Company's total investment in these entities.
	Certain funds that have historically been consolidated in the financial statements are no longer consolidated because, as of the reporting period: (a) they were liquidated or dissolved, including three and one for the years ended December 31, 2014 and 2013, respectively, (b) the Company no longer holds a majority voting interest, including four and none for the years ended December 31, 2014 and 2013, respectively, 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 significant rights to receive benefits from the VIEs, including eleven and none for the years ended December 31, 2014 and 2013, respectively. For deconsolidated funds, the Company continues as the general partner and/or investment manager until such funds are fully liquidated.
Equity Appropriated for Consolidated Funds	Equity Appropriated for Consolidated Funds
	As of December 31, 2014 and 2013, the Company consolidated 31 and 35 CLOs, respectively. CLOs are investment vehicles created for the sole purpose of issuing collateralized loan obligations. Upon consolidation, the Company elected the fair value option for eligible liabilities to mitigate accounting mismatches between the carrying value of the assets and liabilities. The Company accounts for the excess in fair value of assets over liabilities upon initial consolidation of funds as an increase in equity appropriated for Consolidated Funds.
	The loan obligations issued by the CLOs are backed by diversified collateral asset portfolios and by structured debt or equity. In exchange for managing the collateral for the CLOs, the Company earns management fees, including, in some cases, senior and subordinated management fees, and in some cases, contingent performance fees. In cases where the Company earns fees from a fund that it consolidates with the CLOs, those fees have been eliminated as intercompany transactions. The Company's holdings in these CLOs are generally subordinated to other interests in the entities and entitle the Company to receive a pro rata portion of the residual cash flows, if any, from the entities. Additionally, the Company may invest in other senior secured notes, which are repaid based on available cash flows subject to priority of payments under each Consolidated CLO's governing documents. Investors in the CLOs generally have no recourse against the Company for any losses sustained in the capital structure of each CLO.
Investments in Non-Consolidated Variable Interest Entities	Investments in Non-Consolidated Variable Interest Entities
	The Company holds interests in certain VIEs that are not consolidated because the Company is not deemed the primary beneficiary. The Company's interest in such entities generally is in the form of direct equity interests and fixed fee arrangements. The maximum exposure to loss represents the potential loss of assets by the Company relating to these non-consolidated entities. There is no difference between the carrying value and fair value as investments in the non-consolidated VIEs are carried at fair value. The Company's interests and the Consolidated Funds' interests in these non-consolidated VIEs and their respective maximum exposure to loss relating to non-consolidated VIEs are as follows
			As of December 31,
			2014		2013
	Maximum exposure to loss attributable to the Company's investment in non-consolidated VIEs		$	14,851	$	12,366
	Maximum exposure to loss attributable to Consolidated Funds' investments in non-consolidated VIEs		$	2,519	$	96,223
Basis of Accounting	Basis of Accounting
	The accompanying consolidated financial statements are prepared in accordance with GAAP. Certain comparative amounts for prior periods have been reclassified to conform to the current year's presentation. Management has determined that the Company's Consolidated Funds are investment companies under GAAP for the purposes of financial reporting based on the following characteristics: the Consolidated Funds obtain funds from one or more investors and provide investment management services and the Consolidated Funds' business purpose and substantive activities are investing funds for returns from capital appreciation and/or investment income. Therefore, investments of Consolidated Funds are recorded at fair value and the unrealized appreciation (depreciation) in an investment's fair value is recognized on a current basis in the 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 consolidated financial statements, the Company has retained the specialized accounting guidance for the Consolidated Funds under 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 Consolidated Statements of Financial Condition. The excess of the CLO assets over the CLO liabilities upon consolidation is reflected in the Company's 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 Funds in the Consolidated Statements of Operations and equity appropriated for Consolidated Funds in the Consolidated Statements of Financial Condition.
Risks and Uncertainties	Risks and Uncertainties
	In the normal course of business, the Company encounters significant credit and market risk. Credit risk is the risk of default on investments in debt securities, loans and derivatives that result from a borrower's or derivative counterparty's inability or unwillingness to make required or expected payments. Credit risk is enhanced in situations where the Company or a Consolidated Fund is investing in distressed assets or unsecured or subordinate loans or in securities that are a material part of its respective business. Market risk reflects changes in the value of investments due to changes in interest rates, credit spreads or other market factors.
	The Company also makes investments outside of the United States. These non-U.S. investments are subject to the same risks associated with U.S. investments as well as additional risks, such as fluctuations in foreign currency exchange rates, unexpected changes in regulatory requirements, heightened risk of political and economic instability, difficulties in managing the investments, potentially adverse tax consequences and the burden of complying with a wide variety of foreign laws.
Use of Estimates	Use of Estimates
	The preparation of financial statements in conformity with 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 high degree of judgment and complexity, and these assumptions and estimates may be significant to the consolidated financial statements. Actual results could differ from these estimates and such differences could be material.
Investments	Investments
	Investments include (a) fair value investments held by the Company and Consolidated Funds and (b) loans held as investments by Consolidated Funds.
	The Company has retained the specialized investment company accounting guidance under GAAP with respect to substantially all of its investments. Thus, the consolidated investments are reflected in the Consolidated Statements of Financial Condition at fair value, with unrealized appreciation (depreciation) resulting from changes in fair value reflected as a component of net change in unrealized appreciation (depreciation) on investments in the Consolidated Statements of Operations. Fair value is the amount that would be received to sell an asset, or paid to transfer a liability, in an orderly transaction between market participants at the measurement date (i.e. the exit price).
	Loans held as investments are recorded at the outstanding unpaid principal balance less any allowance for loan losses. Loans receivable that the Company has the intent and ability to hold for the foreseeable future are classified as held-for-investment. Interest income is recognized in the period earned to the extent that such amounts are expected to be collected. In general, interest is accrued on loans held as investments upon the earlier of the occurrence of a payment default and there being reasonable doubt that principal and interest will be collected in full. Accrued and unpaid interest is generally reversed when a loan is placed on non-accrual status. Interest payments received on non-accrual loans may be recognized as income or applied to principal depending upon management's judgment regarding collectability. Non-accrual loans are restored to accrual status when, in management's judgment, the loan is no longer in payment default and principal and interest is likely to be collected in full for the remainder of the term of the loan. The Company may make exceptions to this if the loan has sufficient collateral value and the conditions of the loan are improving. As of December 31, 2014, the Company had $0.8 million of loans receivable that were on non-accrual status.
	Loan origination fees received for loans held as investments are deferred and recognized as income over the life of the related loan. The amortization of deferred loan origination fees is included in interest income and other investment income of Consolidated Funds. The Company also receives other various fees including fees for commitments, amendments and other services rendered by the Company to borrowers. Such fees are recognized as income when earned or the services are rendered. Any costs incurred related to such services rendered are expensed as incurred.
	The Company records an allowance for loan losses based on management's judgment of the estimated potential credit impairment in the portfolio of loans held as investments individually as well as at an aggregate level. The Company monitors the performance of each borrower using a number of factors including the estimated value of any underlying collateral, compliance with financial covenants, the operating capabilities and financial trends of the borrowers, as well as overall current economic conditions affecting specific borrowers. As a result, the Company records an allowance specific to individual loans held as investments when it is probable that the Company will be unable to collect all amounts (including both contractual principal and interest) according to the contract terms of the individual loan agreement. Additionally, the Company records a general allowance for overall credit exposure related to aggregate portfolio of loans held as investments representing the Company's best estimate of credit losses inherent in the portfolio. Various inputs are used in determining the general allowance for loan losses including, but not limited to, external loss factors, internal historical loss rates as well as environmental factors such as certain industry, geographical, economic and political factors.
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 intangible assets 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 contract. Amortization is included as part of general, administrative and other expenses in the Consolidated Statements of Operations.
	The Company tests finite-lived intangible assets for impairment if certain events occur or circumstances change indicating that the carrying amount of the intangible asset may not be recoverable. The Company uses a two-step process to evaluate impairment. The first step compares the estimated undiscounted future cash flow attributable to the intangible asset being evaluated with its carrying amount. The second step, used to measure the amount of potential impairment, compares the fair value of the intangible asset with its carrying amount. If an impairment is determined to exist by management, the Company accelerates amortization expense so that the carrying value represents fair value.
	Goodwill represents the excess cost over identifiable net assets of an acquired business. 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. There have been no impairments of goodwill recorded as of December 31, 2014.
Business Combinations	Business Combinations
	The Company applies the provisions of ASC 805, Business Combinations ("ASC 805"), in the accounting for acquisitions. ASC 805 requires separate recognition of goodwill from the assets acquired and the liabilities assumed, at the acquisition date fair values. The Company accounts for business combinations using the acquisition method of accounting, under which the purchase price of the acquisition is allocated to the fair value of each asset acquired and liability assumed as of the acquisition date. Contingent consideration obligations are recognized as of the acquisition date at fair value based on the probability that contingency will be realized. Goodwill as of the acquisition date is measured as the excess of consideration transferred over the net of the acquisition date fair values of the assets acquired and the liabilities assumed. Acquisition-related costs in connection with a business combination are expensed as incurred.
	Management's determination of fair value of assets acquired and liabilities assumed at the acquisition date as well as contingent consideration are based on the best information available in the circumstances, and may incorporate management's own assumptions and involve a significant degree of judgment and estimates that are inherently uncertain and subject to refinement. As a result, during the measurement period, which may be up to one year from the acquisition date, the Company records adjustments to the assets acquired and liabilities assumed with the corresponding offset to goodwill. Upon the conclusion of the measurement period or final determination of the values of assets acquired or liabilities assumed, whichever comes first, any subsequent adjustments are recorded to the consolidated statements of operations.
	For a given acquisition, management may identify certain pre-acquisition contingencies as of the acquisition date and may extend the review and evaluation of these pre-acquisition contingencies throughout the measurement period in order to obtain sufficient information to assess whether management includes these contingencies as a part of the fair value estimates of assets acquired and liabilities assumed and, if so, to determine their estimated amounts. If management cannot reasonably determine the fair value of a pre-acquisition contingency by the end of the measurement period, which is generally the case given the nature of such matters, the Company will recognize an asset or a liability for such pre-acquisition contingency if: (i) it is probable that an asset existed or a liability had been incurred at the acquisition date and (ii) the amount of the asset or liability can be reasonably estimated. Subsequent to the measurement period, changes in the estimates of such contingencies would affect earnings and could have a material effect on the consolidated statements of operations and financial condition.
Cash and Cash Equivalents	Cash and Cash Equivalents
	Cash and cash equivalents for the Company includes liquid investments in money market funds and demand deposits. Cash and cash equivalents held at Consolidated Funds represents cash that, although not legally restricted, is not available to support the general liquidity needs of the Company, as the use of such amounts is generally limited to the investment activities of the Consolidated Funds.
	As the servicer to certain real estate investments, certain subsidiaries of the Company collect escrow deposits from borrowers to ensure the borrowers' obligations are met. These escrow deposits are represented as restricted cash and cash equivalents for the Company and are offset by escrow cash liability within accounts payable and accrued expenses in the Consolidated Statements of Financial Condition. Restricted cash for the Consolidated Funds represents cash that is legally segregated according to the underlying fund agreements. At December 31, 2014 and 2013, the Company had cash balances with financial institutions in excess of Federal Deposit Insurance Corporation insured limits. The Company monitors the credit standing of these financial institutions.
Derivative Instruments	Derivative Instruments
	The Company recognizes all derivatives as either assets or liabilities in the Consolidated Statements of Financial Condition and reports them at fair value.
Fixed Assets	Fixed Assets
	Fixed assets, consisting of furniture, fixtures and equipment, leasehold improvements, and computer hardware and internal use software, are recorded at cost, less accumulated depreciation and amortization.
Financial Instruments	Financial Instruments
	The Company considered cash and cash equivalents, receivables, equity-method investments, accounts payable, accrued expenses, other liabilities, debt obligations and assets and liabilities of the Consolidated Funds to be financial instruments. The carrying amounts reported in the Consolidated Statements of Financial Condition for these financial instruments equal or closely approximate their fair values.
Non-Controlling Interests in Ares Operating Group Entities	Non-Controlling Interests in Ares Operating Group Entities
	Following the Reorganization, non-controlling interests in Ares Operating Group entities represent a component of equity and net income attributable to the owners of AOG Units that are not held directly or indirectly by Ares Management, L.P. These interests are adjusted for contributions to and distributions from Ares Operating Group entities during the reporting period and are allocated income from the Ares Operating Group entities based on their historical ownership percentage for the proportional number of days in the reporting period.
	For the periods presented prior to the Reorganization, non-controlling interests in Ares Operating Group entities represent equity interests and net income attributable to various minority non-control oriented strategic investment partners, which were reflected as non-controlling interests in the Predecessor's historical results, as well as net income attributable to controlling interest in the Predecessor. The net income attributable to controlling interests in the Predecessor, from January 1, 2014 to April 30, 2014, is presented as net income attributable to non-controlling interests in Ares Operating Group entities within the Consolidated Statements of Operations.
Redeemable Interests in Ares Operating Group Entities	Redeemable Interest in Ares Operating Group Entities
	Redeemable interests in Ares Operating Group entities represent a portion of the collective ownership interest in Ares Operating Group Units granted to professionals of the Company in connection with the Company's acquisition of Indicus Advisors, LLP ("Indicus") during 2011. This ownership interest may be redeemed for a cash payment of $20.0 million provided that a portion of such interests are subject to certain conditions relating to continued employment. Income is allocated in proportion to the redeemable interests ownership percentage in Ares Operating Group Units.
Management Fees	Management Fees
	Management fees are generally based on a defined percentage of fair value of assets, total commitments, invested capital, net asset value ("NAV"), net investment income, total assets or par value of the investment portfolios managed by the Company. Principally all management fees are earned from affiliated funds of the Company. The contractual terms of management fees vary by fund structure and investment strategy. Management fees are recognized as revenue in the period advisory services are rendered, subject to the Company's assessment of collectability.
	Management fees also include a quarterly performance fee on the investment income ("ARCC Part I Fees") from Ares Capital Corporation (NASDAQ: ARCC) ("ARCC"), a publicly traded business development company registered under the Investment Company Act and managed by a subsidiary of the Company. ARCC Part I Fees are equal to 20.0% of its net investment income (before ARCC Part I Fees and incentive fees payable based on capital gains), subject to a fixed "hurdle rate" of 1.75% per quarter, or 7.0% per annum. No fee is recognized until ARCC's net investment income exceeds a 1.75% hurdle rate, with a "catch-up" provision such that the Company receives 20% of ARCC's net investment income from the first dollar earned. Such fees from ARCC are classified as management fees as they are paid quarterly, predictable and recurring in nature, not subject to repayment (or clawback) and cash settled each quarter.
	Tradable Credit Group long-only credit funds:    Management fees generally range from 0.45% to 0.65% of principal par plus cash or NAV. The funds in the leveraged loan funds strategy have an average management contract term of 12.6 years as of December 31, 2014 and the fee ranges generally remain unchanged at the close of the re-investment period. The funds in the high-yield strategy generally represent open-ended managed accounts, which typically do not include investment period termination or management contract expiration dates.
	Tradable Credit Group alternative credit funds:    Management fees generally range from 0.50% to 1.75% of NAV, gross asset value, committed capital or invested capital. The funds in the credit opportunities strategy generally include open-ended or managed account structures, which typically do not include investment period termination or management contract expiration dates. The funds in the dynamic credit strategy are comprised of publicly traded closed-end funds, which typically do not include investment period termination or management contract termination dates. The funds in the special situations strategy are comprised of closed-end funds, with investment period termination or management contract termination dates and managed accounts, which do not include investment period termination or management contract termination dates. For certain closed-end funds in these strategies, following the expiration or termination of the investment period the management fees step down to 1.00% of the aggregate adjusted cost of unrealized portfolio investments. The funds in these strategies, excluding Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC) ("ARDC") and Ares Multi-Strategy Credit Fund, Inc. (NYSE:ARMF) ("ARMF") which have no investment periods, have an average management contract term of 10.1 years as of December 31, 2014.
	Direct Lending Group funds:    Management fees generally range from 0.75% to 2.00% of invested capital, NAV or total assets. Following the expiration or termination of the investment period the management fees for certain closed end funds and managed accounts in this strategy generally step down to between 0.50% and 1.50% of the aggregate cost or market value of the portfolio investments. In addition, management fees include the ARCC Part I Fees. The funds in this strategy, excluding ARCC which has no investment period termination, have an average management contract term of 8.8 years as of December 31, 2014.
	Private Equity Group funds:    As of December 31, 2014, management fees generally range from 1.50% to 2.00% of total capital commitments during the investment period. The management fees for such funds generally step down to between 0.75% and 1.125% of the aggregate adjusted cost of unrealized portfolio investments following the earlier to occur of: (i) the expiration or termination of the investment period or (ii) the launch of a successor fund. The funds in this strategy have an average management contract term of 12.5 years as of December 31, 2014.
	Real Estate Group funds:    Management fees generally range from 0.50% to 1.50% of invested capital, stockholders' equity or total capital commitments. Following the expiration or termination of the investment period, the basis on which management fees are earned for certain closed-end funds, managed accounts and co-investment vehicles in this strategy changes from committed capital to invested capital with no change in the management fee rate. The funds in this strategy, excluding Ares Commercial Real Estate Corporation (NYSE:ACRE) ("ACRE") which has no investment period termination, have an average management contract term of 10.8 years as of December 31, 2014.
Performance Fees	Performance Fees
	Performance fees are based on certain specific hurdle rates as defined in the applicable investment management agreements or governing documents. Substantially all performance fees are earned from affiliated funds of the Company. Performance fees are recorded on an accrual basis to the extent such amounts are contractually due.
	The Company has elected to adopt Method 2 of ASC 605-20, Revenue Recognition ("ASC 605") for revenue based on a formula. Under this method, the Company records revenue when it is entitled to performance-based fees, subject to certain hurdles or benchmarks. Performance-based fees are assessed as a percentage of the investment performance of the fund. The performance fees for any period are based upon an assumed liquidation of the fund's net assets on the reporting date, and distribution of the net proceeds in accordance with the fund's income allocation provisions. The performance fees may be subject to reversal to the extent that the performance fees recorded exceed the amount due to the general partner or investment manager based on a fund's cumulative investment returns. As presented below, the terms of performance fees vary by fund structure and investment strategy; furthermore, the Company is not eligible to receive performance fees from every fund that it manages.
	Tradable Credit Group long-only credit funds:    Performance fees generally represent 10% to 20% of each incentive eligible fund's profits, subject to a preferred return of approximately 7% to 12% per annum.
	Tradable Credit Group alternative credit funds:    Performance fees generally represent 10% to 20% of each incentive eligible fund's profits, subject to a preferred return of approximately 5% to 9% per annum.
	Direct Lending Group funds:    Performance fees generally represent 10% to 20% of each incentive eligible fund's profits or cumulative realized capital gains (net of realized capital losses and unrealized capital depreciation). Some funds are also subject to a preferred return of approximately 5% to 8% per annum.
	Private Equity Group funds:    Performance fees represent 20% of each incentive eligible fund's profits, subject to a preferred return of approximately 8% per annum.
	Real Estate Group funds:    Performance fees generally represent 10% to 25% of each incentive eligible fund's profits, subject to a preferred return of approximately 8% to 10% per annum.
	Performance fees receivable is presented separately in the Consolidated Statements of Financial Condition and represents performance fees recognized but not yet collected. The timing of the payment of performance fees due to the general partner or investment manager varies depending on the terms of the applicable fund agreements. As of December 31, 2014, the Company had no accrued clawback obligations that would need to be paid if the funds were liquidated at their current fair values at that date.
Other Fees	Other Fees
	The Company also provides administrative services to certain of its affiliated funds that are reported within other fees. These fees are recognized as revenue in the period administrative services are rendered. These fees are generally based on expense reimbursements that represent the portion of overhead and other expenses incurred by certain Operations Management Group professionals directly attributable to the fund, but may also be based on a fund's NAV for certain funds domiciled outside the U.S. Other fees also includes revenues associated primarily with Real Estate Group activities such as development and construction.
Equity-Based Compensation	Equity-Based Compensation
	The Company recognizes expense related to equity-based compensation transactions in which it receives employee services in exchange for (a) equity instruments of the Company, (b) derivatives based on the Company's common units or (c) liabilities that are based on the fair value of the Company's equity instruments.
	Equity-based compensation expense represents expenses associated with the following:
	(a)	granting of: (i) direct and indirect profit interests; (ii) put options to sell certain interests at a minimum value; (iii) purchase (or call) options to acquire additional membership interests; and (iv) restricted units, options and phantom units granted under the Ares Management, L.P. 2014 Equity Incentive Plan ("Equity Incentive Plan"); and
	(b)	conversion of and acceleration in vesting of certain existing interests.
	Equity-based compensation expense is determined based on the fair value of the respective equity award on the grant date and is recognized on a straight-line basis over the requisite service period, with a corresponding increase in partners' capital. Fair value of the restricted units and phantom units was determined to be the most recent closing price of common units. Certain restricted units are subject to a lock up provision that expires on the fifth anniversary of the IPO. The Company used Finnerty's average strike-price put option model to estimate the discount associated with this lack of marketability. The Company estimated the fair value of the options as of the grant date using Black-Scholes option pricing model.
	The Company is required to estimate the equity-based awards that management ultimately expects to vest and to reduce equity-based compensation expense for the effects of estimated forfeitures of awards over the expense recognition period. The rate of future forfeitures is estimated based upon historical experience. Actual forfeitures may differ from management's estimate. Equity-based compensation expense is adjusted, as necessary, for actual forfeitures so as to reflect expenses only for the portion of the award that ultimately vests. Management considers on a quarterly basis whether there have been any significant changes in facts and circumstances that would affect the expected forfeiture rate.
	The Company records deferred tax assets or liabilities for equity compensation plan awards based on deductions for income tax purposes of equity- based compensation recognized at the statutory tax rate in the jurisdiction in which the Company is expected to receive a tax deduction. In addition, differences between the deferred tax assets recognized for financial reporting purposes and the actual tax deduction reported on the Company's income tax returns are recorded as adjustments to partners' capital. If the tax deduction is less than the deferred tax asset, the calculated shortfall reduces the pool of excess tax benefits. If the pool of excess tax benefits is reduced to zero, then subsequent shortfalls would increase the income tax expense.
	Equity-based compensation expense is presented within compensation and benefits in the Consolidated Statements of Operations.
Performance Fee Compensation	Performance Fee Compensation
	The Company has agreed to pay a portion of the performance fees earned from certain funds, including income from Consolidated Funds that is eliminated in consolidation, to investment and non-investment professionals. Depending on the nature of each fund, the performance fee allocation may be structured as a fixed percentage subject to vesting based on continued employment or service (generally over a period of five years) or as an annual award that is fully vested for the particular year. Other limitations may apply to performance fee allocation as set forth in the applicable governing documents of the fund or award documentation. Performance fee compensation is recognized in the same period that the related performance fee is recognized. Performance fee compensation can be reversed during periods when there is a decline in performance fees that were previously recognized.
	Performance fee compensation payable represents the amounts payable to professionals who are entitled to a proportionate share of performance fees in one or more funds. The liability is calculated based upon the changes to realized and unrealized performance fees but not payable until the performance fee itself is realized.
Depreciation and Amortization	Depreciation and Amortization
	Depreciation and amortization expense is recognized on a straight-line method over an asset's estimated useful life, which for leasehold improvements is the lesser of the lease terms and the life of the asset, and for other fixed assets is generally between three and seven years. Fixed assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable.
Internal Use Software	Internal Use Software
	Direct costs associated with developing, purchasing or otherwise acquiring software for internal use ("Internal Use Software") are capitalized and amortized on a straight-line basis over the expected useful life of the software, beginning when the software is implemented. Costs incurred for upgrades and enhancements that will not result in additional functionality are expensed as incurred. Useful lives of Internal Use Software generally vary from three to seven years.
Interest Income	Interest Income
	Interest income is recognized on an accrual basis to the extent that such amounts are expected to be collected and includes interest, dividend, and investment income. Interest income earned by the Company was $3.3 million, $0.4 million and $2.6 million for the years ended December 31, 2014, 2013 and 2012, respectively, and is included in interest and other investment income in the accompanying Consolidated Statements of Operations. For the three years ended December 31, 2014, 2013 and 2012, interest income of the Consolidated Funds was $0.7 billion, $1.1 billion and $1.3 billion, respectively, and is included in interest and other investment income of Consolidated Funds in the accompanying Consolidated Statements of Operations.
Investment Income (Loss)	Investment Income (Loss)
	Investment income (loss) represents the unrealized and realized appreciation (depreciation) resulting from the investments of the Company and the Consolidated Funds. Investment income (loss) is realized when the Company redeems all or a portion of its investment or when the Company receives cash income, such as dividends or distributions. Realized investment income (loss) is presented within other investment income and within net realized gain (loss) on investments in the Consolidated Statements of Operations. Unrealized investment income (loss) results from changes in the fair value of the underlying investment as well as the reversal of unrealized appreciation (depreciation) at the time an investment is realized and is presented within net change in unrealized appreciation (depreciation) on investments in the Consolidated Statements of Operations.
Foreign Currency	Foreign Currency
	The U.S. dollar is the Company's functional currency; however, certain transactions of the Company may not be denominated in U.S. dollars. Foreign exchange appreciation (depreciation) arising from these transactions are recognized within interest and other investment income in the Consolidated Statements of Operations. For the years ended December 31, 2014, 2013 and 2012, the Company recognized $0.3 million, $(0.6) million and $0.1 million, respectively, in transaction gains (losses) related to foreign currencies revaluation.
	In addition, the combined and consolidated results include certain foreign subsidiaries and Consolidated Funds that use functional currencies other than the U.S. dollar. Assets and liabilities of these foreign subsidiaries are translated to U.S. dollars at the prevailing exchange rates as of the reporting date. Income and expense and gain and loss transactions denominated in foreign currencies are generally translated into U.S. dollars monthly using the average exchange rates during the respective transaction period. Translation adjustments resulting from this process are recorded to foreign currency translation adjustment in accumulated other comprehensive income.
Income Taxes	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 and Domestic Holdings, which are U.S. corporations for tax purposes. Their income is subject to U.S. federal, state and local income taxes and certain of their 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 and Domestic Holdings' 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.
	Income taxes are accounted for using the liability method of accounting. Under this method, deferred tax assets and liabilities are recognized for the expected future tax consequences of differences between the carrying amounts of assets and liabilities and their respective tax basis, using tax rates in effect for the year in which the differences are expected to reverse. The effect on deferred assets and liabilities of a change in tax rates is recognized as income in the period when the change is enacted. Deferred tax assets are reduced by a valuation allowance when it is more likely than not that some portion or all of the deferred tax assets will not be realized. Current and deferred tax liabilities are reflected on a net basis in the Consolidated Statements of Financial Condition.
	The Company analyzes its tax filing positions in all U.S. federal, state, local and foreign tax jurisdictions where it is required to file income tax returns for all open tax years in these jurisdictions. The Company recognizes the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained upon examination by the taxing authorities based on the technical merits of the position. The tax benefit recognized in the financial statements for a particular tax position is based on the largest benefit that is more likely than not to be realized. The amount of unrecognized tax benefits ("UTBs") is adjusted as appropriate for changes in facts and circumstances, such as significant amendments to existing tax law, new regulations or interpretations by the taxing authorities, new information obtained during a tax examination, or resolution of an examination. The Company recognizes both accrued interest and penalties, where appropriate, related to UTBs in general, administrative and other expenses in the Consolidated Statements of Operations.
	Tax laws are complex and subject to different interpretations by the taxpayer and respective governmental taxing authorities. Significant judgment is required in determining tax expense and in evaluating tax positions, including evaluating uncertainties under GAAP. The Company reviews its tax positions quarterly and adjusts its tax balances as new information becomes available.
Income Allocation	Income Allocation
	Income (loss) before taxes is allocated based on each partner's average daily ownership of the Ares Operating Group entities for each year presented. The net income attributable to Ares Management, L.P. for the year ended December 31, 2014 represents its average daily ownership of 38.02% from May 1, 2014, the effective date of the Reorganization, to December 31, 2014.
Earnings Per Common Unit	Earnings Per Common Unit
	Basic earnings per common unit are computed by dividing income available to common unitholders by the weighted-average number of common units outstanding during the period. Income available to common unitholders represents net income applicable to Ares Management, L.P.
	Diluted earnings per unit is computed by dividing income available to common unitholders by the weighted-average number of common units outstanding during the period, increased to include the number of additional common units that would have been outstanding if the potentially dilutive securities had been issued. Potentially dilutive securities include outstanding options to acquire units, unvested restricted units and AOG Units exchangeable for common units. The dilutive effect of potentially dilutive securities is reflected in diluted earnings per unit by application of the treasury stock method and the two-class method. Unvested share-based payment awards that contain non-forfeitable rights to distribution or distribution equivalents (whether paid or unpaid) are participating securities and shall be considered in the computation of earnings per unit pursuant to the two-class method. Unvested restricted units that pay distribution equivalents are deemed participating securities and are included in basic and diluted earnings per unit calculation under the two-class method.
	Under the treasury stock method, if the average market price of a common unit increases above the option's exercise price, the proceeds that would be assumed to be realized from the exercise of the option would be used to acquire outstanding common units. The dilutive effect of awards is directly correlated with the fair value of the common units. However, the awards may be antidilutive when the market price of the underlying unit exceeds the option's exercise price. This result is possible because the compensation expense attributed to future services, but not yet recognized, is included as a component of the assumed proceeds upon exercise.
Comprehensive Income (Loss)	Comprehensive Income (Loss)
	Comprehensive income (loss) consists of net income (loss) and other appreciation (depreciation) affecting partners' capital that, under U.S. GAAP, are excluded from net income (loss). The Company's other comprehensive income (loss) includes foreign currency translation adjustments.
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 and early application is prohibited. The adoption of this guidance did not have a material impact on the Company's financial statements.
	The Company primarily invests in certain partnerships, or funds, managed by its affiliates. These fund investments are based on contractual capital commitments and, in accordance with the terms of the underlying partnership agreements, require the Company to provide capital upon written notice. In connection with these capital commitments, during the year ended December 31, 2014, the Company provided capital of approximately $75.2 million to Consolidated Funds. As of December 31, 2014, the Company had unfunded contractual commitments to various Consolidated Funds of $38.3 million. The Company maintains sufficient liquidity to fund such commitments when the need arises.
	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. Early adoption is permitted. The guidance should be applied prospectively to all unrecognized tax benefits that exist at the effective date. Retrospective application is permitted. The adoption of this guidance did not have a material impact on the Company's financial statements.
	In January 2014, FASB amended its guidance to allow the use of the simplified hedge accounting approach to account for swaps that are entered into for the purpose of economically converting a variable-rate borrowing into a fixed-rate borrowing. Alternatively, that entity may continue to follow the current guidance in ASC Topic 815: Derivatives and Hedging. The amendments in this update allow the swap to be measured at its settlement value instead of fair value when applying the simplified hedge accounting approach. The guidance is effective for interim and annual periods beginning after December 15, 2014. The Company does not expect the adoption of this guidance to have a material impact on its financial statements.
	In May 2014, the FASB issued guidance for recognizing revenue from contracts with customers. The guidance in this update supersedes the revenue recognition requirements in Topic 605, "Revenue Recognition." Under the new guidance, 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 amendments are 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.
	In June 2014, FASB issued guidance to bring clarification to the accounting for share-based payment awards that require a specific performance target to be achieved in order for the award to vest even after the requisite service period. Under the new guidance, performance targets that could affect vesting and be achieved after the requisite service period will be treated as a performance condition and should not be reflected in estimating the fair value of the award at grant date. Compensation expense should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the compensation expense attributable to the period(s) for which the requisite service has already been rendered. The guidance is effective for annual reporting periods beginning after December 15, 2015, including interim periods within that reporting period. Early application is permitted. The Company does not believe this guidance will have a material impact on its financial statements.
	In August 2014, the FASB issued guidance to provide an alternative to fair value measurement for measuring the financial assets and the financial liabilities of a collateralized financing entity that is consolidated under Topic 810, "Consolidation." The guidance in this update was issued to address the fact that the fair value of a collateralized financing entity's financial assets may differ from the fair value of its financial liabilities even though the financial liabilities have recourse only to the financial assets. Under the new guidance, a reporting entity can elect to measure both the financial assets and the financial liabilities of that collateralized financing entity in its consolidated financial statements using the more observable of the fair value of the financial assets and the fair value of the financial liabilities. The amendments are effective for annual reporting periods, including interim periods within those reporting periods, beginning after December 15, 2015. Early adoption is permitted as of the beginning of an annual period. The Company continues to evaluate the impact this guidance will have on its consolidated financial statements.
	In August 2014, the FASB issued guidance on management's responsibility in evaluating whether there is substantial doubt about a company's ability to continue as a going concern. For each reporting period, management will be required to evaluate whether conditions or events exist that raise substantial doubt about a company's ability to continue as a going concern within one year from the date the financial statements are issued. The amendments are effective for the annual period ending after December 15, 2016, and for annual and interim periods thereafter. Early application is permitted. The Company does not believe this guidance will have a material impact on its consolidated financial statements.
	In November 2014, the FASB issued guidance for determining whether the host contract in a hybrid financial instrument issued in the form of a share is more akin to debt or to equity. There are currently two methods predominately used in practice in evaluating whether the nature of the host contract within a hybrid financial instrument is more akin to debt or equity. The guidance was issued to address the fact that use of different methods can result in different accounting outcomes for economically similar hybrid financial instruments and provides for elimination of the use of different methods in practice. The amendments are effective for public companies for annual reporting periods, and interim periods within those reporting periods, beginning after December 15, 2015. The Company continues to evaluate the impact this guidance will have on its consolidated financial statements.
	In January 2015, the FASB issued guidance simplifying the income statement presentation by eliminating the concept of extraordinary items. Extraordinary items are events and transactions that are distinguished by their unusual nature and by the infrequency of their occurrence. Eliminating the extraordinary classification simplifies income statement presentation by altogether removing the concept of extraordinary items from consideration. The amendments are effective for annual reporting periods, including interim periods within those reporting periods, beginning after December 15, 2015. Early adoption is permitted provided that the guidance is applied from the beginning of the annual reporting period. The Company does not believe this guidance will have a material impact on its consolidated financial statements.
	In February 2015, the FASB amended the consolidation standards for reporting entities that are required to evaluate whether they should consolidate certain legal entities. Under the new guidance, all legal entities are subject to reevaluation under the revised consolidation model. Specifically, the guidance (i) modifies the evaluation of whether limited partnerships and similar legal entities are variable interest entities (VIEs) or voting interest entities; (ii) eliminates the presumption that a general partner should consolidate a limited partnership; (iii) affects the consolidation analysis of reporting entities that are involved with VIEs, particularly those that have fee arrangements and related party relationships; and (iv) provides a scope exception from consolidation guidance for reporting entities with interests in legal entities that are required to comply with or operate in accordance with requirements that are similar to those in Rule 2a-7 of the Investment Company Act for registered money market funds. The amendments are effective for annual reporting periods, beginning after December 15, 2015. Early adoption is permitted, including adoption in an interim period. The Company is currently evaluating the impact of this guidance on its consolidated financial statements.

SUMMARY_OF_SIGNIFICANT_ACCOUNT2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2014
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Schedule of interests in non-consolidated VIEs and respective maximum exposure to loss relating to non-consolidated VIEs
		As of December 31,
		2014		2013
	Maximum exposure to loss attributable to the Company's investment in non-consolidated VIEs	$	14,851	$	12,366
	Maximum exposure to loss attributable to Consolidated Funds' investments in non-consolidated VIEs	$	2,519	$	96,223

GOODWILL_AND_INTANGIBLE_ASSETS1

GOODWILL AND INTANGIBLE ASSETS (Tables)	12 Months Ended
	Dec. 31, 2014
GOODWILL AND INTANGIBLE ASSETS
Schedule of carrying value for the Company's intangible assets
			As of December 31,
			2014			2013
	Finite-lived intangible assets		$	114,102		$	114,855
	Less accumulated amortization			(73,154	)		(46,113	)
	Finite-lived intangible assets, net			40,948			68,742
	Goodwill			85,582			58,159
	Total intangible assets and goodwill, net		$	126,530		$	126,901
Schedule of carrying value, net of accumulated amortization, for the Company's intangible assets
			As of December 31,
			2014			2013
	Previously acquired management contracts(1)		$	79,002		$	79,755
	AREA acquired management contracts			35,100			35,100
	Total intangible assets acquired		$	114,102		$	114,855
	Less: accumulated amortization		$	(73,154	)	$	(46,113	)
	Intangible assets, net		$	40,948		$	68,742
	-1	Intangibles relating to London based asset manager are recorded in Pounds Sterling and are translated at spot rate at each reporting date.
Schedule of estimated future annual amortization of finite-lived intangible assets
	Year		Amortization
	2015		$	19,943
	2016			9,896
	2017			6,530
	2018			1,802
	2019			1,172
	Thereafter			1,605
	Total		$	40,948

INVESTMENTS_Tables

INVESTMENTS (Tables)	12 Months Ended
	Dec. 31, 2014
Parent Company
Investments
Summary of investments held
					Fair value at										Fair value as a percentage
															of total investments at
					December 31,					December 31,					December 31,			December 31,
					2014					2013					2014			2013
	Private Investment Partnership Interests:
	AREA European Property Enhancement Program L.P.				$		1,760			$		1,735				1.0	%		1.9	%
	AREA Sponsor Holdings LLC						40,296					31,560				23.6	%		35.4	%
	Ares Capital Europe II (D), L.P.						15,592					—				9.2	%		—
	Ares Capital Europe II (E), L.P.(2)						31					—				0.0	%		—
	Ares Centre Street Partnership, L.P.						256					—				0.2	%		—
	Ares Corporate Opportunities Fund, L.P.(1)						777					1,009				0.5	%		1.1	%
	Ares Corporate Opportunities Fund IV, L.P.						21,836					—				12.8	%		—
	Ares Credit Strategies Fund II, L.P.						627					1,998				0.4	%		2.2	%
	Ares Credit Strategies Fund III, L.P.						19					—				0.0	%		—
	Ares Enhanced Loan Investment Strategy IX, L.P.						—					512				—			0.6	%
	Ares European Credit Strategies Fund (C) L.P(2).						497					301				0.3	%		0.3	%
	Ares European Real Estate Fund IV L.P.						2,455					—				1.4	%		—
	Ares Multi-Strategy Credit Fund V (H), L.P.						1,068					1,022				0.6	%		1.1	%
	Ares Special Situations Fund I-B, L.P.						2					—				0.0	%		—
	Ares Special Situations Fund III, L.P.						26,867					24,253				15.8	%		27.2	%
	Ares SSF Riopelle, L.P.						4,211					—				2.5	%		—
	Ares Strategic Investment Partners, L.P.						75					—				0.0	%		—
	Ares Strategic Investment Partners III, L.P.						2,672					2,714				1.6	%		3.0	%
	Ares Strategic Real Estate Program—HHC, LLC						3,094					1,227				1.8	%		1.4	%
	Ares US Real Estate Fund VIII, L.P.						1,574					—				0.9	%		—
	Resolution Life L.P.						45,348					21,846				26.6	%		24.4	%
	Total private investment partnership interests (cost: $128,756 and $68,580 at December 31, 2014 and 2013, respectively)						169,057					88,177				99.2	%		98.6	%
	Common Stock:
	Ares Multi-Strategy Credit Fund, Inc.						89					89				0.1	%		0.1	%
	Total common stock (cost: $108 and $100 at December 31, 2014 and 2013, respectively)						89					89				0.1	%		0.1	%
	Corporate Bonds:
	Ares Commercial Real Estate Corporation Convertible Senior Notes						1,178					1,172				0.7	%		1.3	%
	Total corporate bond (cost: $1,150 and $1,150, at December 31, 2014 and 2013, respectively)						1,178					1,172				0.7	%		1.3	%
	Total fair value investments (cost: $130,014 and $69,830 at December 31, 2014 and 2013, respectively)				$		170,324			$		89,438				100.0	%		100.0	%
	-1	Security represents the sole investment held by ACOF Co-Investors LLC
	-2	Denominated in foreign currency; fair value is translated into U.S. Dollars
Consolidated Funds
Investments
Summary of investments held
			Fair value at					Fair value as a
								percentage of total
								investments at
			December 31,			December 31,		December 31,			December 31,
			2014			2013		2014			2013
	United States:
	Fixed income securities:
	Consumer discretionary		$	3,136,899		$	4,146,611		16.3	%		20.0	%
	Consumer staples			221,708			338,735		1.2	%		1.6	%
	Energy			416,861			535,857		2.2	%		2.6	%
	Financials			401,673			544,879		2.1	%		2.6	%
	Healthcare, education and childcare			1,191,619			1,176,418		6.2	%		5.6	%
	Industrials			1,717,523			2,038,390		9.0	%		9.8	%
	Information technology			745,920			542,377		3.9	%		2.6	%
	Materials			393,569			463,864		2.1	%		2.2	%
	Partnership and LLC interests			16,256			—		0.1	%		0.0	%
	Telecommunication services			1,287,688			1,153,691		6.7	%		5.5	%
	Utilities			223,553			222,410		1.2	%		1.1	%
	Total fixed income securities (cost: $9,928,006 and $11,071,982, at December 31, 2014 and 2013, respectively)			9,753,269			11,163,232		51.0	%		53.6	%
	Equity securities:
	Consumer discretionary			2,852,369			2,464,520		14.9	%		11.9	%
	Consumer staples			443,711			201,059		2.3	%		1.0	%
	Energy			150,755			193,946		0.8	%		1.0	%
	Financials			8,272			6,172		0.0	%		0.0	%
	Healthcare, education and childcare			464,159			296,817		2.4	%		1.5	%
	Industrials			128,247			134,544		0.7	%		0.6	%
	Materials			—			31		—			0.0	%
	Partnership and LLC interests			89,105			41,001		0.5	%		0.2	%
	Telecommunication services			16,576			51,921		0.1	%		0.2	%
	Total equity securities (cost: $2,964,900 and $2,733,448 at December 31, 2014 and 2013, respectively)			4,153,194			3,390,011		21.7	%		16.4	%
			Fair value at					Fair value as a
								percentage of total
								investments at
			December 31,			December 31,		December 31,			December 31,
			2014			2013		2014			2013
	Europe:
	Fixed income securities:
	Consumer discretionary			1,080,270			1,858,364		5.6	%		8.9	%
	Consumer staples			126,766			175,440		0.7	%		0.8	%
	Energy			16,509			4,906		0.1	%		0.0	%
	Financials			345,811			322,355		1.8	%		1.5	%
	Healthcare, education and childcare			303,116			410,726		1.6	%		2.0	%
	Industrials			526,214			485,243		2.8	%		2.3	%
	Information technology			130,504			140,976		0.7	%		0.7	%
	Materials			326,659			328,867		1.7	%		1.6	%
	Telecommunication services			833,015			944,800		4.4	%		4.5	%
	Utilities			2,516			37,001		0.0	%		0.2	%
	Total fixed income securities (cost: $3,813,343 and $4,747,808 at December 31, 2014 and 2013, respectively)			3,691,380			4,708,678		19.4	%		22.5	%
	Equity securities:
	Consumer discretionary			2,940			10,686		0.0	%		0.1	%
	Consumer staples			862			668		0.0	%		0.0	%
	Healthcare, education and childcare			27,774			28,607		0.1	%		0.1	%
	Industrials			76			8,595		0.0	%		0.0	%
	Materials			—			773		—			0.0	%
	Partnership and LLC interests			17,107			—		0.1	%		—
	Telecommunication services			4,686			1,524		0.0	%		0.0	%
	Total equity securities (cost: $98,913 and $83,277 at December 31, 2014 and 2013, respectively)			53,445			50,853		0.2	%		0.2	%
	Asia and other:
	Fixed income securities:
	Consumer discretionary			73,250			43,538		0.4	%		0.2	%
	Financials			493,618			456,463		2.6	%		2.2	%
	Healthcare, education and childcare			41,536			14,556		0.2	%		0.1	%
	Information technology			—			22,012		—			0.1	%
Materials			—			15,885		—			0.1	%
Telecommunication services			30,777			81,978		0.2	%		0.4	%
Total fixed income securities (cost: $579,436 and $593,188, at December 31, 2014 and 2013, respectively)			639,181			634,432		3.4	%		3.1	%
Equity securities:
Consumer discretionary			89,897			—		0.5	%		—
Consumer staples			62,467			77,572		0.3	%		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			13,478			—		0.1	%		—
Utilities			8,994			4,724		0.0	%		0.0	%
Total equity securities (cost: $184,022 and $135,631 at December 31, 2014 and 2013, respectively)			261,393			158,736		1.4	%		0.8	%
				Fair value at										Fair value as a
														percentage of total
														investments at
				December 31,					December 31,					December 31,			December 31,
				2014					2013					2014			2013
Canada:
Fixed income securities:
Consumer discretionary						71,379					121,132				0.4	%		0.6	%
Energy						60,605					87,469				0.3	%		0.4	%
Healthcare, education and childcare						84,470					104,464				0.4	%		0.5	%
Industrials						30,009					16,331				0.2	%		0.1	%
Materials						5,625					—				0	%		—
Partnership and LLC interests						1,327					—				0	%		—
Telecommunication services						109,805					142,374				0.6	%		0.7	%
Total fixed income securities (cost: $396,108 and $480,231at December 31, 2014 and 2013, respectively)						363,220					471,770				1.9	%		2.3	%
Equity securities:
Consumer discretionary						—					892				—			0	%
Energy						—					51,187				—			0.2	%
Total equity securities (cost: $68,249 and $75,256 at December 31, 2014 and 2013, respectively)						—					52,079				—			0.2	%
Australia:
Fixed income securities:
Consumer discretionary						—					203				—			0	%
Energy						66,150					—				0.3	%		—
Industrials						32,146					99,376				0.2	%		0.5	%
Utilities						94,738					68,513				0.5	%		0.3	%
Total fixed income securities (cost: $213,759 and $169,831 at December 31, 2014 and 2013, respectively)						193,034					168,092				1	%		0.8	%
Equity Securities:
Telecommunication services						7,547					16,102				0	%		0.1	%
Utilities						8,287					9,353				0	%		0	%
Total equity securities (cost: $22,233 and $30,140 at December 31, 2014 and 2013, respectively)						15,834					25,455				0	%		0.1	%
Total fixed income securities						14,640,084					17,146,204				76.7	%		82.3	%
Total equity securities						4,483,866					3,677,134				23.3	%		17.7	%
Total investments, at fair value				$		19,123,950			$		20,823,338				100	%		100	%
Securities sold short, at fair value				$		(3,763	)		$		(1,633		)

FAIR_VALUE_Tables

FAIR VALUE (Tables)	12 Months Ended
	Dec. 31, 2014
FAIR VALUE
Summary of changes in the fair value of the Level III investments for the CLO loan obligations
				For the year ended
				December 31,
				2014			2013
	Balance, beginning of period			$	11,534,956		$	9,422,570
	Borrowings				2,964,522			2,757,493
	Paydowns				(1,825,322	)		(934,620	)
	Realized and unrealized gains, net				(625,137	)		289,513
	Balance, end of period			$	12,049,019		$	11,534,956
Summary of fair value by segment along with the remaining unfunded commitment and any redemption restriction of investments valued using NAV per share	As of December 31, 2014
	Strategy			Fair Value			Unfunded			Redemption
							Commitments			Restriction
	Direct Lending Group			$	30,501		$	26,854			(1)(3)
	Real Estate Group				49,178			45,239			-1
	Tradable Credit Group				52,001			7,420			(1)(2)(3)
	Private Equity Group				111,719			97,194			-1
	Totals			$	243,399		$	176,707
	As of December 31, 2013
	Strategy			Fair Value			Unfunded			Redemption
							Commitments			Restriction
	Direct Lending Group			$	2,298		$	1,045			-3
	Real Estate Group				34,520			9,734			-1
	Tradable Credit Group				28,502			8,664			(1)(2)(3)
	Private Equity Group				42,012			156,966			-1
	Totals			$	107,332		$	176,409
	-1	Certain 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	Certain funds within these strategies are open-ended and subject to a lock-up period of nine months after the closing date, after which an investor has the right to withdraw its capital. Distributions are received as the underlying investments are liquidated.
	-3	Certain 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 a simple majority of investors. Distributions are received as the underlying investments are liquidated.
Parent Company
FAIR VALUE
Summary of valuation of investments and other financial instruments by fair value hierarchy levels	The tables below summarize the valuation of investments and other financial instruments by fair value hierarchy levels for the Company and Consolidated Funds as of December 31, 2014:
	Investments of the Company
				Level I			Level II			Level III			Total
	Investments, at fair value
	Equity securities			$	89		$	—		$	—		$	89
	Bonds				—			1,178			—			1,178
	Partnership interests				—			—			169,057			169,057
	Total investments, at fair value				89			1,178			169,057			170,324
	Derivative assets, at fair value
	Forward foreign currency contracts				—			5,721			—			5,721
	Purchased option contracts				—			1,902			—			1,902
	Total derivative assets, at fair value				—			7,623			—			7,623
	Total			$	89		$	8,801		$	169,057		$	177,947
	Derivative liabilities, at fair value
	Forward foreign currency contracts				—			(2,003	)		—			(2,003	)
	Interest rate contracts				—			(847	)		—			(847	)
	Total derivative liabilities, at fair value			$	—		$	(2,850	)	$	—		$	(2,850	)
	The tables below summarize the valuation of investments and other financial instruments by fair value hierarchy levels for the Company and Consolidated Funds 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	The following tables set forth a summary of changes in the fair value of the Level III investments for the year ended December 31, 2014:
	Investments of the Company
				Partnership
				Interests
	Balance, beginning of period			$	88,177
	Investment in deconsolidated fund(3)				9,951
	Transfer in				8,326
	Purchases(1)				91,646
	Sales(2)				(74,964	)
	Realized and unrealized appreciation (depreciation), net				45,921
	Balance, end of period			$	169,057
	Changes in unrealized appreciation (depreciation) included in earnings related to financial assets still held at the reporting date			$	15,448
	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:
	Investments of the Company
				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 (depreciation), net				—			17,600			17,600
	Balance, end of period			$	—		$	88,177		$	88,177
	Changes in unrealized appreciation (depreciation) included in earnings related to financial assets still held at the reporting date			$	—		$	16,816		$	16,816
Summary of quantitative inputs and assumptions used for the Company's Level III inputs
	The following tables summarize the quantitative inputs and assumptions used for the Company's Level III inputs as of December 31, 2014:
	Investments			Fair			Valuation Technique(s)		Unobservable		Range
				Value					Input(s)
	Assets
	Partnership interests			$	123,709		NAV		N/A		N/A
	Partnership interests				45,348		Recent Transaction Price(1)		N/A		N/A
	Total			$	169,057
	-1		Recent transaction price consists of securities purchased or restructured within 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.
	-2	Valuation technique above includes a 30% liquidity discount on an investment held by a fund within the Private Equity Group.
	The following tables summarize the quantitative inputs and assumptions used for the Company's Level III inputs as of December 31, 2013:
	Investments			Fair			Valuation Technique(s)		Unobservable		Range
				Value					Input(s)
	Assets
	Partnership interests			$	66,331		NAV		N/A		N/A
	Partnership interests				21,846		Recent Transaction Price(1)		N/A		N/A
	Total			$	88,177
	-1	Recent transaction price consists of securities purchased or restructured within 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
FAIR VALUE
Summary of valuation of investments and other financial instruments by fair value hierarchy levels	The tables below summarize the valuation of investments and other financial instruments by fair value hierarchy levels for the Company and Consolidated Funds as of December 31, 2014:
	Investments of Consolidated Funds
				Level I			Level II			Level III			Total
	Investments, at fair value
	Equity securities			$	590,095		$	513,771		$	3,263,311		$	4,367,177
	Bonds				—			1,113,103			565,634			1,678,737
	Loans				—			11,312,518			1,070,494			12,383,012
	Collateralized loan obligations				—			—			556,267			556,267
	Partnership interests				—			—			137,272			137,272
	Other				—			336			1,149			1,485
	Total investments, at fair value			$	590,095		$	12,939,728		$	5,594,127		$	19,123,950
	Derivative assets, at fair value
	Credit contracts				—			—			—			—
	Foreign exchange contracts				—			2,070			—			2,070
	Other				—			1,056			—			1,056
	Total derivative assets, at fair value				—			3,126			—			3,126
	Total			$	590,095		$	12,942,854		$	5,594,127		$	19,127,076
	Derivative liabilities, at fair value
	Forward foreign currency contracts			$	—		$	(6,906	)		—		$	(6,906	)
	Credit contracts				—			(13,263	)		—			(13,263	)
	Interest rate swaps				—			(21	)		—			(21	)
	Other				—			—			(22,142	)		(22,142	)
	Total derivative liabilities, at fair value				—			(20,190	)		(22,142	)		(42,332	)
	Loan obligations of CLOs(1)				—			—			(12,049,019	)		(12,049,019	)
	Securities sold short, at fair value				—			(3,763	)		—			(3,763	)
	Total			$	—		$	(23,953	)	$	(12,071,161	)	$	(12,095,114	)
	-1	Ares Enhanced Loan Investment Strategy II, Ltd. has not elected to fair value its loan obligation and is therefore carried at cost of $151.
	The tables below summarize the valuation of investments and other financial instruments by fair value hierarchy levels for the Company and Consolidated Funds 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			$	—		$	(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	The following tables set forth a summary of changes in the fair value of the Level III investments for the year ended December 31, 2014:
	Investments of Consolidated Funds
				Equity			Fixed Income			Partnership			Other			Total
				Securities						Interests			Financial
													Instruments
	Balance, beginning of period			$	2,958,232		$	3,627,153		$	41,001		$	(1,348	)	$	6,625,038
	Deconsolidation of funds(3)				(140	)		(378,397	)		8,292			—			(370,245	)
	Transfer in				—			334,015			—			—			334,015
	Transfer out				(226,897	)		(300,930	)		(8,326	)		—			(536,153	)
	Purchases(1)				544,994			503,948			87,221			254			1,136,417
	Sales(2)				(240,596	)		(1,492,608	)		(1,251	)		(3,733	)		(1,738,188	)
	Accrued discounts/premiums				12,370			16,630			—			—			29,000
	Realized and unrealized appreciation (depreciation), net				215,348			(117,416	)		10,335			(16,166	)		92,101
	Balance, end of period			$	3,263,311		$	2,192,395		$	137,272		$	(20,993	)	$	5,571,985
	Changes in unrealized appreciation (depreciation) included in earnings related to financial assets still held at the reporting date			$	284,280			(48,456	)	$	9,657			(19,861	)	$	225,620
	-1	Purchases include paid-in-kind interest and securities received in connection with restructurings.
	-2	Sales include paid-in-kind interest, principal redemptions and securities disposed of in connection with restructurings.
	-3	Represents investment in Consolidated Fund that was deconsolidated during the period. Balance was previously eliminated upon consolidation and not reported as Level III investment.
	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:
	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
Summary of quantitative inputs and assumptions used for the Company's Level III inputs	The following tables summarize the quantitative inputs and assumptions used for the Consolidated Funds' Level III inputs as of December 31, 2014:
	Investments			Fair Value			Valuation Technique(s)		Unobservable Input(s)		Range		Weighted
													Average
	Assets
	Equity securities
	Consumer discretionary			$	2,940		EV market multiple analysis		EBITDA multiple		9.4x		9.4x
					208,498		Market approach (comparable companies)		Book value multiple		1.7x - 2.0x		1.9x
					2,121,864		Market approach (comparable companies)		EBITDA multiple		7.0x - 15.0x		10.7x
					979		Other		Future distribution estimates		18.7x		18.7x
					5,140		Other		Illiquidity discount		15.00%		15.00%
	Consumer staples				862		EV market multiple analysis		EBITDA multiple		7.9x		7.9x
					10,349		Market approach (comparable companies)		EBITDA multiple		7.0x		7.0x
					44,553		Market approach (comparable companies)(2)		Net income multiple		11.0x		11.0x
	Energy				136,045		Discounted Cash Flow		Discount rate		9.00%		9.00%
									EBITDA multiple		7.5x		7.5x
	Financials				8,272		EV market multiple analysis		EBITDA multiple		10.5x		10.5x
	Healthcare, education, and childcare				27,774		EV market multiple analysis		EBITDA multiple		1.6x - 7.1x		5.4x
					463,075		Market approach (comparable companies)		EBITDA multiple		8.0x - 13.0x		11.2x
					33,610		Market approach (comparable companies)		Net income multiple		35.0x		35.0x
	Industrials				76		Recent transaction price(1)		N/A		N/A		N/A
					128,182		Market approach (comparable companies)		EBITDA multiple		8.0x - 12.0x		9.8x
	Materials				52,947		Market approach (comparable companies)		Net income multiple		9.0x		9.0x
	Telecommunication services				331		Broker quotes and/or 3rd party pricing services		N/A		N/A		N/A
					533		EV market multiple analysis		EBITDA multiple		10.0x		10.0x
	Utilities				17,281		Broker quotes and/or 3rd party pricing services		N/A		N/A		N/A
	Fixed Income securities
	Consumer discretionary				256,994		Broker quotes and/or 3rd party pricing services		N/A		N/A		N/A
					18,205		EV market multiple analysis		EBITDA multiple		9.0x - 11.0x		9.3x
					69,418		Income approach (other)		Yield		2.5% - 18.7%		12.80%
					120,658		Market approach (comparable companies)		Book value multiple		1.7x - 2.0x		1.9x
					15,400		Market approach (comparable companies)		EBITDA multiple		7.5x		7.5x
					5,923		Recent transaction price(1)		N/A		N/A		N/A
	Consumer staples				540		Discounted cash flow		Discount Rate		20.00%		20.00%
					776		Market approach (comparable companies)		EBITDA multiple		6.5x		6.5x
					28,965		Broker quotes and/or 3rd party pricing services		N/A		N/A		N/A
	Energy				33,687		Broker quotes and/or 3rd party pricing services		N/A		N/A		N/A
	Financials				470,417		Broker quotes and/or 3rd party pricing services		N/A		N/A		N/A
					8,551		Discounted cash flow		Discount rate and Cumulative loss rate		13.3% / 10.0%		13.3% / 10.0%
					85,851		Discounted cash flow		Discount rate		11.50%		11.50%
									Constant prepayment rate		0.0% - 50.0%		21.50%
									Constant default rate		2.0% - 10.0%		2.20%
									Recovery rate		10.0% - 80.0%		73.80%
					2,541		Income Approach (Other)		Cash flow % of book value		8.70%		8.70%
					224,245		Income Approach (Other)		Yield		9.5% - 11.5%		10.50%
	Healthcare, education, and childcare				168,371		Broker quotes and/or 3rd party pricing services		N/A		N/A		N/A
					20,104		EV market multiple analysis		EBITDA multiple		1.6x - 7.1x		5.6x
					25,549		Income approach (Other)		Yield		6.00%		6.00%
	Industrials				196,725		Broker quotes and/or 3rd party pricing services		N/A		N/A		N/A
					43,614		Income approach (other)		Yield		2.5% - 13.5%		12.10%
					32,315		Market approach (comparable companies)		EBITDA multiple		9.0x - 12.0x		10.5x
	Information technology				137,042		Broker quotes and/or 3rd party pricing services		N/A		N/A		N/A
	Materials				212,022		Broker quotes and/or 3rd party pricing services		N/A		N/A		N/A
	Telecommunication services				14,482		Broker quotes and/or 3rd party pricing services		N/A		N/A		N/A
	Partnership and LLC interests				119,690		NAV		N/A		N/A		N/A
	Financials				17,582		Recent transaction price(1)		N/A		N/A		N/A
	Other
	Healthcare, education, and childcare				1,084		Market approach (comparable companies)		EBITDA multiple		8.8x		8.8x
	Industrials				65		Broker quotes and/or 3rd party pricing services		N/A		N/A		N/A
	Total assets			$	5,594,127
	Investments			Fair Value			Valuation Technique(s)		Unobservable Input(s)		Range		Weighted
													Average
	Liabilities
	Loans payable of Consolidated Funds:
	Fixed income			$	11,273,923		Broker quotes and/or 3rd party pricing services		N/A		N/A		N/A
				499,305		Recent transaction price(1)		N/A		N/A		N/A
				258,096		Discounted cash flow		Discount rate		11.50%		11.50%
								Constant prepayment rate		0.0% - 50.0%		20.40%
								Constant default rate		2.0% - 10.0%		2.10%
								Recovery rate		10.0% - 80.0%		74.60%
				17,079		Discounted cash flow		Discount margin		300 - 800		482.5
								Constant prepayment rate		0% - 50.0%		23.00%
								Constant default rate		2.0% - 10.0%		2.00%
								Recovery rate		10.0% - 80.0%		75.00%
				616		Market approach (other)		Other		N/A		N/A
Derivatives instruments of Consolidated Funds				22,142		Broker quotes and/or 3rd party pricing services		N/A		N/A		N/A
Total liabilities			$	12,071,161
-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.
-2	Valuation technique above includes a 30% liquidity discount on an investment held by a fund within the Private Equity Group.
The following tables summarize the quantitative inputs and assumptions used for the Consolidated Funds' Level III inputs as of December 31, 2013:
Investments			Fair Value			Valuation Technique(s)		Unobservable Input(s)		Range		Weighted
												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%		5.00%
				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 price / illiquidity discount		25.2x / 15%		25.2x / 15%
				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%		8.50%
				18,383		EV market multiple analysis		EBITDA multiple		6.2x - 18.0x		8.0x
				628,002		Income approach (other)		Yield		2.5% - 17.9%		9.30%
				5,366		Income approach (other)		Yield to worst		4.8% - 5.8%		5.30%
				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
Consumer staples				469		Discounted cash flow		Other		20.00%		20.00%
				4,032		Income approach (other)		Yield		4.40%		4.40%
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 collection rate		N/A		N/A
				13,177		EV market multiple analysis		EBITDA multiple		2.4x		2.4x
				214,719		Income approach (other)		Yield		3.8% - 13.5%		9.30%
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%		4.20%
				146,983		Income approach (other)		Yield		6.0% - 10.0%		7.70%
Industrials				89,817		Broker quotes and/or 3rd party pricing services		N/A		N/A		N/A
				71,088		Income approach (other)		Yield		4.4% - 5.8%		4.60%
				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%		2.30%
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		Income approach (other)		Yield		5.3% - 14.0%		11.50%
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%		13.00%
				14,056		Market approach (comparable companies)		EBITDA multiple		6.0x - 10.0x		9.0x
				54,714		Income approach (other)		Yield		6.0% - 13.0%		7.70%
Telecommunication services				112,901		Broker quotes and/or 3rd party pricing services		N/A		N/A		N/A
				52,989		Income approach (other)		Yield		8.80%		8.80%
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			$	11,439,512		Broker quotes and/or 3rd party pricing services		N/A		N/A		N/A
				41,920		Discounted cash flow		Discount rate		10.70%		10.70%
				53,524		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 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.

LOANS_HELD_AS_INVESTMENTS_Tabl

LOANS HELD AS INVESTMENTS (Tables)	12 Months Ended
	Dec. 31, 2014
LOANS HELD AS INVESTMENTS
Schedule of estimated fair value and carrying value of the Company's financial instruments carried at cost, less an allowance for loan losses
		Level I			Level II		Level III		Total		Carrying
											Value
	Loans held for investments	$	—		$	—	$	78,895	$	78,895	$	77,514
Summary of activity in loans held as investments
	Balance at acquisition date (June 3, 2014)	$	—
	Loan acquisition and origination		580,954
	Allowance for loan losses		(1,185	)
	Principal repayment		(502,255	)
	Balance as of December 31, 2014	$	77,514
Summary of changes in the allowance for loan losses
	Balance at acquisition date (June 3, 2014)	$	—
	Increase in allowance for loan losses		1,185
	Balance as of December 31, 2014	$	1,185
Schedule of loan receivable balance
	Loan receivables—unpaid principal balance	$	79,018
	Unamortized loan origination fees		(196	)
	Deferred interest on non-accrual loans		(123	)
	Allowance for loan losses		(1,185	)
	Balance as of December 31, 2014	$	77,514

DERIVATIVE_FINANCIAL_INSTRUMEN1

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
	Dec. 31, 2014
Parent Company
DERIVATIVE FINANCIAL INSTRUMENTS
Schedule of fair value and notional amounts of derivative contracts by major product type on a gross basis
			As of December 31, 2014
			Assets						Liabilities
	The Company		Notional(1)			Fair Value			Notional(1)			Fair Value
	Interest rate contracts		$	—		$	—		$	250,000		$	847
	Foreign exchange contracts			161,890			7,623			102,231			2,003
	Total derivatives, at fair value		$	161,890		$	7,623		$	352,231		$	2,850
	-1	Represents the total contractual amount of derivative assets and liabilities outstanding.
			As of December 31, 2013
			Assets						Liabilities
	The Company		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
			For the year ended
			December 31, 2014
	The Company		Interest			Foreign			Total
			Rate			Exchange
			Contracts			Contracts
	Net realized gain (loss) on investments
	Swaps		$	(1,368	)	$	—		$	(1,368	)
	Foreign currency forward contracts			—			3,330			3,330
	Net realized gain (loss) on investments		$	(1,368	)	$	3,330		$	1,962
	Net change in unrealized appreciation (depreciation) on investments
	Purchased options		$	—		$	1,076		$	1,076
	Swaps			407			—			407
	Foreign currency forward contracts			—			5,034			5,034
	Total net change in unrealized appreciation (depreciation) on investments		$	407		$	6,110		$	6,517
			As of December 31, 2013
	The Company		Interest			Foreign			Total
			Rate			Exchange
			Contracts			Contracts
	Net realized gain (loss) on investments
	Purchased options		$	—		$	(147	)	$	(147	)
	Swaps			(1,259	)		—			(1,259	)
	Foreign currency forward contracts			—			(2,165	)		(2,165	)
	Net realized gain (loss) on investments		$	(1,259	)	$	(2,312	)	$	(3,571	)
	Net change in unrealized appreciation (depreciation) on investments
	Purchased options		$	—		$	(392	)	$	(392	)
	Swaps			1,182			—			1,182
	Foreign currency forward contracts			—			(128	)		(128	)
	Total net change in unrealized appreciation (depreciation) on investments		$	1,182		$	(520	)	$	662
			As of December 31, 2012
	The Company		Interest			Foreign			Total
			Rate			Exchange
			Contracts			Contracts
	Net realized gain (loss) on investments
	Purchased options		$	—		$	112		$	112
	Swaps			(601	)		—			(601	)
	Foreign currency forward contracts			—			66			66
	Total net realized gain (loss) on investments		$	(601	)	$	178		$	(423	)
	Net change in unrealized appreciation (depreciation) on investments
	Purchased options		$	—		$	(982	)	$	(982	)
	Written options			—			139			139
	Swaps			(2,436	)		—			(2,436	)
	Foreign currency forward contracts			—			(1,259	)		(1,259	)
	Total net change in unrealized appreciation (depreciation) on investments		$	(2,436	)	$	(2,102	)	$	(4,538	)
Schedule of setoff and related arrangements associated with the derivative and other financial instruments	Derivative and Other Instruments of the Company as of December 31, 2014
												Gross Amounts
												Not Offset in
												the Statement
												of Financial
			Gross Amounts									Position
			of
			Recognized Assets
			(Liabilities)			Gross Amounts			Net Amounts of			Financial			Net Amount
						Offset in Assets			Assets (Liabilities)			Instruments
						(Liabilities)			Presented
	Assets:
	Derivatives		$	7,623		$	—		$	7,623		$	1,056		$	6,567
	Total			7,623			—			7,623			1,056			6,567
	Liabilities:
	Derivatives			(2,850	)		—			(2,850	)		(1,056	)		(1,794	)
	Total			(2,850	)		—			(2,850	)		(1,056	)		(1,794	)
	Grand Total		$	4,773		$	—		$	4,773		$	—		$	4,773
	Derivative and Other Instruments of the Company as of December 31, 2013
												Gross Amounts
												Not Offset in
												the Statement
												of Financial
			Gross Amounts									Position
			of
			Recognized Assets
			(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	)
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 December 31, 2014
			Assets						Liabilities
	Consolidated Funds		Notional(1)			Fair Value			Notional(1)			Fair Value
	Interest rate contracts		$	34,000		$	0		$	10,000		$	21
	Credit contracts			—			—			385,296			13,265
	Foreign exchange contracts			43,303			2,070			207,577			9,991
	Other financial instruments			4,542			1,056			90,302			19,055
	Total derivatives, at fair value			81,845			3,126			693,175			42,332
	Other—equity(2)			79,551			3,866			—			—
	TOTAL		$	161,396		$	6,992		$	693,175		$	42,332
	-1	Represents the total contractual amount of derivative assets and liabilities outstanding.
	-2	Includes the fair value of warrants and equity distribution rights which are presented within investments, at fair value in the 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
	Other—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	Includes the fair value of warrants which is presented within investments, at fair value in the Consolidated Statements of Financial Condition.
Summary of net realized and unrealized appreciation (depreciation) on derivative instruments
			For the year ended December 31, 2014
	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		$	—		$	—		$	(8,952	)	$	341		$	—		$	(8,611	)
	Written options			—			—			—			(116	)		—			(116	)
	Swaps			(513	)		(24,092	)		—						(2,463	)		(27,068	)
	Interest rate caps/floor			276			—			—			—			—			276
	Warrants(1)			—			—			3,583			—			—			3,583
	Foreign currency forward contracts			—			—			—			(15,763	)		—			(15,763	)
	Total net realized gain (loss) on investments of Consolidated Funds		$	(237	)	$	(24,092	)	$	(5,369	)	$	(15,538	)	$	(2,463	)	$	(47,699	)
	Net change in unrealized appreciation (depreciation) on investments of Consolidated Funds
	Purchased options		$	—		$	—		$	611		$	1,668		$	16		$	2,295
	Written options			—			—			—			(402	)		—			(402	)
	Swaps			1,471			9,421			—			842			(1,142	)		10,592
	Interest rate caps/floor			269			—			—			—			—			269
	Warrants(1)			—			—			(13,190	)		—			—			(13,190	)
	Foreign currency forward contracts			—			—			(1,906	)		11,775						9,869
	Total net change in unrealized appreciation (depreciation) on investments of Consolidated Funds		$	1,740		$	9,421		$	(14,485	)	$	13,883		$	(1,126	)	$	9,433
	-1	Realized and unrealized gains (losses) on warrants are also reflected in the changes presented within the investment, at fair value.
			As of December 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		$	—		$	—		$	(7,308	)	$	(536	)	$	—		$	(7,844	)
	Written options			—			—			—			3,063			—			3,063
	Swaps			(2,317	)		(53,566	)					(3,219	)		6,735			(52,367	)
	Interest rate caps/floor			—			—			—			—			(879	)		(879	)
	Warrants(1)			—			(4	)		2,519			—			—			2,515
	Foreign currency forward contracts			—			—			—			(476	)		15,008			14,532
	Total net realized gain (loss) on investments of Consolidated Funds		$	(2,317	)	$	(53,570	)	$	(4,789	)	$	(1,168	)	$	20,864		$	(40,980	)
	Net change in unrealized appreciation (depreciation) on investments of Consolidated Funds
	Purchased options		$	—		$	—		$	(697	)	$	2,122		$	(400	)	$	1,025
	Written options			—			—			—			287			—			287
	Swaps			2,512			2,456			—			1,586			(1,740	)		4,814
	Interest rate caps/floor			(1,162	)		—			—			—			246			(916	)
	Warrants(1)			—			—			21,403			829			—			22,232
	Foreign currency forward contracts			—			—			—			(14,294	)		(8,887	)		(23,181	)
	Total net change in unrealized appreciation (depreciation) on investments of Consolidated Funds		$	1,350		$	2,456		$	20,706		$	(9,470	)	$	(10,781	)	$	4,261
	-1	Realized and unrealized gains (losses) on warrants are also reflected in the changes presented on the investment footnote table.
			As of December 31, 2012
	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		$	—		$	—		$	(5,918	)	$	(3,626	)	$	—		$	(9,544	)
	Written options			—			—			—			2,075			—			2,075
	Swaps			(28,023	)		(3,522	)		(6,070	)		3,615			—			(34,000	)
	Interest rate caps/floor			—			—			—			5,821			—			5,821
	Warrants(1)			—			—			358			—			—			358
	Foreign currency forward contracts			—			—			—			(9,215	)		—			(9,215	)
	Total net realized gain (loss) on investments of Consolidated Funds		$	(28,023	)	$	(3,522	)	$	(11,630	)	$	(1,330	)	$	—		$	(44,505	)
	Net change in unrealized appreciation (depreciation) on investments of Consolidated Funds
	Purchased options		$	—		$	—		$	(145	)	$	667		$	—		$	522
	Written options			—			—			—			(550	)		—			(550	)
	Swaps			4,049			(17,245	)		(391	)		(2,915	)		(706	)		(17,208	)
	Interest rate caps/floor			(76	)		—			—			(4,751	)		—			(4,827	)
	Warrants(1)			(479	)		—			(8,668	)		(4	)		—			(9,151	)
	Foreign currency forward contracts			—			—			—			(174	)		—			(174	)
	Total net change in unrealized appreciation (depreciation) on investments of Consolidated Funds		$	3,494		$	(17,245	)	$	(9,204	)	$	(7,727	)	$	(706	)	$	(31,388	)
	-1	Realized and unrealized gains (losses) on warrants are also reflected in the changes presented on the investment 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 December 31, 2014
												Gross Amounts
												Not Offset
												in the Statement
			Gross Amounts									of Financial Position
			of
			Recognized Assets
			(Liabilities)			Gross Amounts			Net Amounts of			Financial			Cash Collateral			Net
						Offset in Assets			Assets (Liabilities)			Instruments			Received			Amount
						(Liabilities)			Presented						(Pledged)
	Assets:
	Derivatives		$	4,940		$	1,814		$	3,126		$	989		$	(2,295	)	$	4,432
	Reverse repurchase, securities borrowing, and similar arrangements(1)			4,150						4,150									4,150
	Total		$	9,090		$	1,814		$	7,276		$	989		$	(2,295	)	$	8,582
	Liabilities:
	Derivatives		$	(44,146	)	$	(1,814	)	$	(42,332	)	$	(989	)	$	(12,386	)	$	(28,957	)
	Total			(44,146	)	$	(1,814	)	$	(42,332	)	$	(989	)		(12,386	)	$	(28,957	)
	Grand Total		$	(35,056	)	$	—		$	(35,056	)	$	—		$	(14,681	)	$	(20,375	)
	Derivative and Other Instruments of the Consolidated Funds as of December 31, 2013
												Gross Amounts
												Not Offset
												in the Statement
			Gross Amounts									of Financial Position
			of
			Recognized Assets
			(Liabilities)			Gross Amounts			Net Amounts of			Financial			Cash Collateral			Net
						Offset in Assets			Assets (Liabilities)			Instruments			Received			Amount
						(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 Consolidated Statements of Financial Condition.

DEBT_Tables

DEBT (Tables) (Consolidated Funds)	12 Months Ended
	Dec. 31, 2014
Consolidated Funds
DEBT
Schedule of borrowings outstanding
			As of December 31, 2014
			Loan			Market		Weighted
			Obligations			Value of		Average
						Loan		Remaining
						Obligations		Maturity
								In Years
	Senior secured notes(1)		$	11,394,820		$	11,062,501		9.02
	Subordinated notes / preferred shares(2)			1,523,670			894,795		9.44
	Total loan obligations of Consolidated CLOs			12,918,490			11,957,296
	Type of Facility				Total					Loan		Market			Effective			Commitment			Maturity
					Facility					Obligations		Value of			Rate			Fee			Date
					(Capacity)							Loan
												Obligations
	Revolvers of Consolidated CLOs
	Revolving credit line				$		44,113			$	44,113	$	43,980			0.49	%		0.17	%		4/16/21
	Revolving credit line						48,510				48,510		47,894			0.43	%		0.17	%		10/11/21
	Total revolvers of Consolidated CLOs										92,623		91,874
	Total notes payable and credit facilities of Consolidated CLOs									$	13,011,113	$	12,049,170
	-1	Weighted average interest rate of 2.62%.
	-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
			Loan			Market		Weighted
			Obligations			Value of		Average
						Loan		Remaining
						Obligations		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					Loan		Market			Effective			Commitment			Maturity
					Facility					Obligations		Value of			Rate			Fee			Date
					(Capacity)							Loan
												Obligations
	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 December 31, 2014:
	Type of Facility				Total					Outstanding		Effective Rate		Commitment			Maturity
					Facility					Loan(1)				Fee			Date
					(Capacity)
	Short-term borrowings of Consolidated Funds
	Credit facility				$		25,000			$	—	LIBOR + 1.75%			0.30	%		6/6/15
	Credit facility						25,000				—	LIBOR + 2.00%			0.30	%		6/30/15
	Total short-term borrowings of Consolidated Funds										—
	Long-term borrowings of Consolidated Funds
	Credit facility						150,000				39,300	LIBOR + 2.25%			0.25	%		6/4/18
	Notes payable						1,500,000				738,300	LIBOR + 1.65%			0.75	%		9/19/18
	Total long-term borrowings of Consolidated Funds									$	777,600
	Total borrowings of Consolidated Funds									$	777,600
	-1	The market values of the long term notes approximate the current carrying value that is tied to the LIBOR rate.
	The Consolidated Funds had the following revolving bank credit facilities and term loans outstanding as of December 31, 2013:
	Type of Facility				Total					Outstanding		Effective Rate		Commitment		Maturity
					Facility					Loan(1)(3)				Fee		Date
					(Capacity)
	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 each reporting date.

REDEEMABLE_AND_NONCONTROLLING_1

REDEEMABLE AND NON-CONTROLLING INTERESTS (Tables)	12 Months Ended
	Dec. 31, 2014
Summary of changes in the non-controlling interest
		Non-controlling interest in Predecessor
																				Total
																				Non-Controlling
																				Interest in Ares
																				Operating
		Members'			Common			Additional			Retained			Accumulated			Non-Controlling			Group Entities
		Equity			Stock			Paid in			Earnings			Other			interest in Ares
					(B shares)			Capital						Comprehensive			Operating
														Income (Loss)			Group Entities
	Balance at December 31, 2012	$	87,584		$	—		$	54,561		$	(11,283	)	$	(27	)	$	—		$	130,835
	Allocation of contributions in excess of carrying value of net assets attributable to the AREA acquisition		2,152			—			3,835			—			—			—			5,987
	Issuance of Class D units, net of offering costs		241,735			—			—			—			—			—			241,735
	Allocation of contribution in excess of carrying value of net assets attributable to Class D units		(183,820	)		—			6,404			—			—			—			(177,416	)
	Deferred tax liabilities arising from allocation of contributions					—			(12,171	)		—			—			—			(12,171	)
	Distributions		(69,173	)		—			—			—			—			—			(69,173	)
	Net income		30,715			—			—			12,959			—			—			43,674
	Revaluation of redeemable equity		—			—			—			(2,093	)		—			—			(2,093	)
	Currency translation adjustment		—			—			—			—			341			—			341
	Equity compensation		799			—			5,213			—			—			—			6,012
	Balance at December 31, 2013		109,992			—			57,842			(417	)		314			—			167,731
	Distributions		(46,534	)		—			(3,908	)		—			—			—			(50,442	)
	Net income		6,836			—			—			(3,589	)		—			—			3,247
	Currency translation adjustment					—			—			—			404			—			404
	Equity compensation		3,346			—			9,133			—			—			—			12,479
	Tandem award compensation adjustment		864			—			608			(230	)		—			—			1,242
	Net effect of Reorganization, including contribution of AOG Units for common units		(74,504	)		—			(63,675	)		4,236			(718	)		332,575			197,914
	Equity Balance Post—Reorganization		—			—			—			—			—			332,575			332,575
	Issuance costs		—			—			—			—			—			(17,581	)		(17,581	)
	Allocation of contributions in excess of the carrying value of the net assets (dilution)		—			—			—			—			—			128,536			128,536
	Reallocation of Partners' capital for changes in ownership interest		—			—			—			—			—			(611	)		(611	)
	Deferred tax liabilities arising from allocation of contributions and Partners' capital		—			—			—			—			—			(16	)		(16	)
	Distributions		—			—			—			—			—			(68,872	)		(68,872	)
	Net income		—			—			—			—			—			80,240			80,240
	Currency translation adjustment		—			—			—			—			—			(2,285	)		(2,285	)
	Equity compensation		—			—			—			—			—			11,507			11,507
	Balance at December 31, 2014	$	—		$	—		$	—		$	—		$	—		$	463,493		$	463,493
AOG
Summary of changes in the redeemable interests
		As of December 31,
		2014			2013
	Redeemable interests in Ares Operating Group Entities
	Beginning balance	$	40,751		$	30,488
	Net income		164			2,451
	Allocation of contributions in excess of carrying value of net assets attributable to the AREA acquisition		—			254
	Allocation of contributions in excess of carrying value of net assets attributable to Class D units		—			3,458
	Distributions		(1,313	)		(4,641	)
	Currency translation adjustment		9			13
	Revaluation of redeemable interest		—			8,437
	Equity compensation		234			291
	Tandem award compensation adjustment		(15,898	)		—
	Equity Balance Post Reorganization		23,947			40,751
	Issuance cost		(124	)		—
	Allocation of contributions in excess of the carrying value of the net assets (dilution)		910			—
	Reallocation of Partners' capital for change in ownership interest		(900	)		—
	Distributions		(477	)		—
	Net income		567			—
	Currency translation adjustment		(16	)		—
	Equity compensation		81			—
	Ending Balance	$	23,988		$	40,751
Consolidated Funds | AOG
Summary of changes in the redeemable interests
		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
	Contributions from redeemable, non-controlling interests in Consolidated Funds		30,408			—
	Distributions to redeemable, non-controlling interests in Consolidated Funds		(61,534	)		(143,378	)
	Currency translation adjustment attributable to redeemable, non-controlling interests in Consolidated Funds		—			(884	)
	Net income attributable to redeemable, non-controlling interests in Consolidated Funds		33,455			137,924
	Equity Balance Post—Reorganization	$	1,096,099		$	1,093,770
	Net income (loss) attributable to redeemable, non-controlling interests in Consolidated Funds		(30,890	)		—
	Distributions to redeemable, non-controlling interests in Consolidated Funds		(27,759	)		—
	Ending Balance	$	1,037,450		$	1,093,770

OTHER_ASSETS_Tables

OTHER ASSETS (Tables)	12 Months Ended
	Dec. 31, 2014
OTHER ASSETS..
Schedule of other assets
		As of December 31,
		2014			2013
	Other assets of the Company:
	Accounts and interest receivable	$	4,310		$	1,863
	Receivable for securities sold		—			11,594
	Fixed assets, net		34,055			27,852
	Other assets		26,340			32,291
	Total other assets of Company	$	64,705		$	73,600
	Other assets of Consolidated Funds:
	Deferred debt issuance costs	$	7,610		$	13,106
	Note receivables		381			366
	Income tax receivable		1,417			314
	Other receivables		977			3,641
	Other assets		2,088			8,101
	Total other assets of Consolidated Funds	$	12,473		$	25,528
	Total other assets	$	77,178		$	99,128
Schedule of major classes of depreciable assets
		Year Ended December 31,
		2014			2013
	Furniture	$	6,831		$	9,722
	Office and computer equipment		15,772			13,059
	Internal use software		5,572			5,670
	Leasehold improvements		37,928			34,484
	Fixed assets, at cost		66,103			62,935
	Less: accumulated depreciation		(32,048	)		(35,083	)
	Fixed assets, net		34,055		$	27,852

COMMITMENTS_AND_CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2014
COMMITMENTS AND CONTINGENCIES
Schedule of future minimum commitments for operating leases
	2015	$	16,214
	2016		19,587
	2017		19,454
	2018		18,384
	Thereafter		79,520
	Total	$	153,159

RELATED_PARTY_TRANSACTIONS_Tab

RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2014
RELATED PARTY TRANSACTIONS
Schedule of amounts due from and to affiliates
		As of December 31,
		2014		2013
	Due from affiliates:
	Management fees receivable from non-consolidated funds		113,358	$	91,917
	Payments made on behalf of and amounts due from non-consolidated funds		33,176		17,003
	Due from affiliates—Company	$	146,534	$	108,920
	Amounts due from portfolio companies and non-consolidated funds	$	11,342	$	2,010
	Due from affiliates—Consolidated Funds	$	11,342	$	2,010
	Due to affiliates:
	Management fee rebate payable to non-consolidated funds	$	14,390	$	28,715
	Payments made by non-consolidated funds on behalf of and amounts due from the Company		4,640		3,975
	Due to affiliates—Company	$	19,030	$	32,690
	Amounts due to non-consolidated funds	$	2,441	$	2,695
	Due to affiliates—Consolidated Funds	$	2,441	$	2,695

INCOME_TAXES_Tables

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2014
Income taxes
Schedule of provision for income taxes
				Year Ended December 31,
				2014					2013			2012
	Total current income tax expense			$		24,540			$	30,672		$	27,651
	Total deferred income tax expense (benefit)					(13,287	)			28,591			(1,497	)
	Total income tax expense			$		11,253			$	59,263		$	26,154
Schedule of reasons for which effective income tax rate differed from the federal statutory rate
				Year Ended December 31,
				2014					2013			2012
	Income tax expense at federal statutory rate					35	%			35	%		35	%
	Income passed through to non-controlling interests					(34.9	)			(29.2	)		(34.3	)
	State and local taxes, net of federal benefit					0.4				0.8			0.2
	Foreign taxes					0.1				0.6			(0.4	)
	Other, net					1.1				0.4			1.2
	Valuation allowance					0.3				(0.8	)		0.4
	Total effective rate					2	%			6.8	%		2.1	%
Parent Company
Income taxes
Schedule of provision for income taxes
				Year Ended December 31,
				2014					2013			2012
	Current:
	U.S. federal income tax			$		12,801			$	19,774		$	18,355
	State and local income tax					1,719				3,522			2,714
	Foreign income tax					1,613				617			2,339
						16,133				23,913			23,408
	Deferred:
	U.S. federal income tax (benefit)					123				(5,743	)		4,029
	State and local income tax (benefit)					210				(747	)		530
	Foreign income tax (benefit)					70				—			(6,151	)
						403				(6,490	)		(1,592	)
	Total:
	U.S. federal income tax					12,924				14,031			22,384
	State and local income tax					1,929				2,775			3,244
	Foreign income tax (benefit)					1,683				617			(3,812	)
	Income tax expense			$		16,536			$	17,423		$	21,816
Schedule of income tax effects of temporary differences that give rise to significant portions of deferred tax assets and liabilities
				Year Ended
				December 31,
				2014					2013
	Deferred tax assets
	Net operating losses			$		4,550			$	3,565
	Other, net					—				1,699
	Total gross deferred tax assets					4,550				5,264
	Valuation allowance					(4,335	)			(3,788	)
	Total deferred tax assets, net					215				1,476
	Deferred tax liabilities
	Investment in partnerships					(17,176	)			(22,478	)
	Other, net					(2,900	)			—
	Total deferred tax liabilities					(20,076	)			(22,478	)
	Net deferred tax assets (liabilities)			$		(19,861	)		$	(21,002	)
Consolidated Funds
Income taxes
Schedule of provision for income taxes
		Year Ended December 31,
		2014			2013		2012
	Current:
	U.S. federal income tax	$	6,807		$	4,280	$	—
	State and local income tax (benefit)		1,564			1,083		(2	)
	Foreign income tax		36			1,396		4,245
			8,407			6,759		4,243
	Deferred:
	U.S. federal income tax (benefit)		(9,958	)		26,368		78
	State and local income tax (benefit)		(2,832	)		7,417		19
	Foreign income tax (benefit)		(900	)		1,296		(2	)
			(13,690	)		35,081		95
	Total:
	U.S. federal income tax (benefit)		(3,151	)		30,648		78
	State and local income tax (benefit)		(1,268	)		8,500		17
	Foreign income tax (benefit)		(864	)		2,692		4,243
	Income tax expense (benefit)	$	(5,283	)	$	41,840	$	4,338
Schedule of income tax effects of temporary differences that give rise to significant portions of deferred tax assets and liabilities
				Year Ended
				December 31,
				2014					2013
	Deferred tax assets
	Net operating loss			$		1,841			$	608
	Other, net					435				—
	Total gross deferred tax assets					2,276				608
	Valuation allowance					(1,635	)			(467	)
	Total deferred tax assets, net					641				141
	Deferred tax liabilities
	Investment in partnerships					(22,855	)			(36,045	)
	Total deferred tax liabilities					(22,855	)			(36,045	)
	Net deferred tax assets (liabilities)			$		(22,214	)		$	(35,904	)

EARNINGS_PER_COMMON_UNIT_Table

EARNINGS PER COMMON UNIT (Tables)	12 Months Ended
	Dec. 31, 2014
EARNINGS PER COMMON UNIT
Schedule of the computation of basic and diluted earnings per common unit
		May 1, 2014 through
		December 31, 2014
	(Dollars in thousands, except unit data)	Basic			Diluted
	Net income attributable to Ares Management, L.P.	$	34,988		$	34,988
	Earnings distributed to participating securities (restricted units)		(417	)		(417	)
	Net income available to common unitholders	$	34,571		$	34,571
	Weighted-average common units		80,358,036			80,358,036
	Effect of dilutive units:
	Restricted units		—			—
	Options		—			—
	Contingently issuable common units		—			—
	Diluted weighted-average common units		80,358,036			80,358,036
	Earnings per common unit	$	0.43		$	0.43

EQUITY_COMPENSATION_Tables

EQUITY COMPENSATION (Tables)	12 Months Ended
	Dec. 31, 2014
EQUITY COMPENSATION
Summary of the grant date fair value associated with each equity award issued as well as the expense recognized
							Equity Compensation Expenses							Unrecognized
							Recognized,							Compensation
							Net of Forfeitures							Expenses
							(Presented in thousands)
							Year Ended December 31,							April 30,
				Grant Date
				Fair Value			2014			2013		2012		2014
	AEP I Profit Interest			$	38,400		$	—		$	—	$	5,730	$	—
	AEP II Profit Interests				33,423			14,714			6,016		5,923		12,709
	AEP IV Profit Interests				10,657			10,657			—		—		10,657
	AEP VI Profit Interests				9,047			9,047			—		—		9,047
	Exchanged AEP Awards				68,607			—			12,944		33,584		—
	Indicus
	—Membership Interest				20,700			11,913			3,371		4,947		10,532
	—Profit Interest				5,464			(3,871	)		1,821		1,851		—
	AREA Membership Interest				25,381			20,678			4,685		—		17,555
	Total			$	211,679		$	63,138		$	28,837	$	52,035	$	60,500
Schedule of equity compensation expense, net of assumed forfeiture
				For the period from
				May 1, 2014 through
				December 31, 2014
	Restricted units			$	8,826
	Options				9,869
	Phantom units				1,396
	Equity-based compensation expense			$	20,091
Summary of unvested restricted units' activity
				Restricted Units			Weighted Average
							Grant Date Fair
							Value Per Unit
	Balance—May 1, 2014				—		$	—
	Granted—IPO				4,936,051			18.08
	Forfeited				(159,998	)		18.05
	Balance—December 31, 2014				4,776,053		$	18.08
Summary of unvested options activity
				Options			Weighted Average			Weighted Average		Aggregate
							Exercise Price			Remaining Life		Intrinsic
										(in years)		Value
	Balance—May 1, 2014				—		$	—			—
	Granted—IPO				24,835,227			19			9.33
	Forfeited				(604,709	)		19			—
	Balance—December 31, 2014				24,230,518		$	19			9.33
	Exercisable at December 31, 2014				—		$	—			—	$	—
	Expected to vest after December 31, 2014				18,611,216		$	19			9.33	$	—
Schedule of fair value of each option based on the Black-Scholes model and the weighted averages
	Risk-free interest rate		2.06% to 2.22%
	Weighted average expected dividend yield		5.00%
	Expected volatility factor(a)		34.00% to 35.00%
	Expected life in years		6.92 to 7.00
	(a)	Expected volatility is based on comparable companies using daily stock prices.
Summary of unvested Phantom units activity
				Phantom Units			Weighted Average
							Grant Date Fair
							Value Per Unit
	Balance May 1, 2014				—		$	—
	Granted—IPO				686,395			19
	Forfeited				(75,684	)		—
	Balance December 31, 2014				610,711		$	19

SEGMENT_REPORTING_Tables

SEGMENT REPORTING (Tables)	12 Months Ended
	Dec. 31, 2014
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 year ended December 31, 2014:
					Tradable						Direct			Private			Real			Total			OMG			Total
					Credit						Lending			Equity			Estate			Segments						Stand
					Group						Group			Group			Group									Alone
	Management fees (includes ARCC part I fees at $118,537)
	Recurring fees				$		144,102				$	275,571		$	90,690		$	87,683		$	598,046		$	—		$	598,046
	Previously deferred fees						—					—			—			—			—			—			—
	Total management fees						144,102					275,571			90,690			87,683			598,046			—			598,046
	Administrative fees and other income						636					556			219			4,889			6,300			22,147			28,447
	Compensation and benefits						(43,607		)			(138,945	)		(34,386	)		(47,174	)		(264,112	)		(109,030	)		(373,142	)
	General, administrative and other expenses						(13,909		)			(11,196	)		(9,166	)		(15,632	)		(49,903	)		(56,184	)		(106,087	)
	Fee related earnings (loss)						87,222					125,986			47,357			29,766			290,331			(143,067	)		147,264
	Performance fees—realized						96,985					24,878			22,775			1,856			146,494			—			146,494
	Performance fees—unrealized						(71,825		)			11,447			137,853			17,408			94,883			—			94,883
	Performance fee compensation—realized						(47,441		)			(14,938	)		(18,220	)		—			(80,599	)		—			(80,599	)
	Performance fee compensation—unrealized						29,017					(6,740	)		(108,876	)		(2,830	)		(89,429	)		—			(89,429	)
	Net performance fees						6,736					14,647			33,532			16,434			71,349			—			71,349
	Investment income (loss)—realized						44,616					918			4,701			2,344			52,579			—			52,579
	Investment income (loss)—unrealized						(28,629		)			5,305			34,318			(61	)		10,933			—			10,933
	Interest and other investment income						10,086					606			4,741			265			15,698			—			15,698
	Interest expense						(2,017		)			(1,538	)		(3,925	)		(1,137	)		(8,617	)		—			(8,617	)
	Net investment income (loss)						24,056					5,291			39,835			1,411			70,593			—			70,593
	Performance related earnings (loss)						30,792					19,938			73,367			17,845			141,942			—			141,942
	Economic net income (loss)				$		118,014				$	145,924		$	120,724		$	47,611		$	432,273		$	(143,067	)	$	289,206
	Distributable earnings (loss)				$		183,479				$	133,510		$	54,156		$	10,460		$	381,605		$	(148,849	)	$	232,756
	Total assets				$		501,883				$	290,252		$	657,185		$	224,686		$	1,674,006		$	15,206		$	1,689,212
	The following table presents the financial results for the Company's operating segments, as well as the OMG, as of and for the year ended December 31, 2013:
					Tradable						Direct			Private			Real			Total			OMG			Total
					Credit						Lending			Equity			Estate			Segments						Stand
					Group						Group			Group			Group									Alone
	Management fees (includes ARCC part I fees at $110,511)
	Recurring fees				$		129,745				$	238,389		$	93,440		$	40,051		$	501,625		$	—		$	501,625
	Previously deferred fees						15,032					—			—			—			15,032			—			15,032
	Total management fees						144,777					238,389			93,440			40,051			516,657			—			516,657
	Administrative fees and other income						286					400			663			4,138			5,487			18,468			23,955
	Compensation and benefits						(38,289		)			(122,082	)		(30,595	)		(30,812	)		(221,778	)		(83,288	)		(305,066	)
	General, administrative and other expenses						(12,296		)			(8,836	)		(11,536	)		(12,844	)		(45,512	)		(37,372	)		(82,884	)
	Fee related earnings (loss)						94,478					107,871			51,972			533			254,854			(102,192	)		152,662
	Performance fees—realized						121,414					17,385			85,067			317			224,183			—			224,183
	Performance fees—unrealized						15,431					2,326			48,402			5,824			71,983			—			71,983
	Performance fee compensation—realized						(55,758		)			(10,258	)		(68,145	)		(26	)		(134,187	)		—			(134,187	)
	Performance fee compensation—unrealized						(21,428		)			(1,488	)		(37,191	)		—			(60,107	)		—			(60,107	)
	Net performance fees						59,659					7,965			28,133			6,115			101,872			—			101,872
	Investment income (loss)—realized						75,467					8,180			6,590			(13,215	)		77,022			—			77,022
	Investment income (loss)—unrealized						(32,976		)			(3,793	)		14,306			12,134			(10,329	)		—			(10,329	)
	Interest and other income						3,706					4,539			8,974			1,596			18,815			—			18,815
	Interest expense						(2,349		)			(2,974	)		(4,395	)		(1,619	)		(11,337	)		—			(11,337	)
	Net investment income (loss)						43,848					5,952			25,475			(1,104	)		74,171			—			74,171
	Performance related earnings						103,507					13,917			53,608			5,011			176,043			—			176,043
	Economic net income (loss)				$		197,985				$	121,788		$	105,580		$	5,544		$	430,897		$	(102,192	)	$	328,705
	Distributable earnings (loss)				$		228,572				$	122,059		$	79,151		$	(20,338	)	$	409,444		$	(103,725	)	$	305,719
	Total assets				$		583,426				$	209,064		$	464,469		$	178,107		$	1,435,066		$	9,716		$	1,444,782
	The following table presents the financial results for the Company's operating segments, as well as the OMG, as of and for the year ended December 31, 2012:
					Tradable						Direct			Private			Real			Total			OMG			Total
					Credit						Lending			Equity			Estate			Segments						Stand
					Group						Group			Group			Group									Alone
	Management fees (includes ARCC part I fees at $95,182)
	Recurring fees				$		120,538				$	190,129		$	69,252		$	9,814		$	389,733		$	—		$	389,733
	Previously deferred fees						24,957					—			—			—			24,957			—			24,957
	Total management fees						145,495					190,129			69,252			9,814			414,690			—			414,690
	Administrative fees and other income						250					202			673			206			1,331			17,674			19,005
	Compensation and benefits						(32,936		)			(101,519	)		(26,330	)		(15,209	)		(175,994	)		(61,352	)		(237,346	)
	General, administrative and other expenses						(14,295		)			(5,773	)		(7,960	)		(4,008	)		(32,036	)		(26,445	)		(58,481	)
	Fee related earnings (loss)						98,514					83,039			35,635			(9,197	)		207,991			(70,123	)		137,868
Performance fees—realized						57,536					11,523			321,686			—			390,745			—			390,745
Performance fees—unrealized						110,112					2,194			(78,289	)		—			34,017			—			34,017
Performance fee compensation—realized						(29,911		)			(6,913	)		(258,782	)		—			(295,606	)		—			(295,606	)
Performance fee compensation—unrealized						(31,031		)			(1,097	)		60,009			—			27,881			—			27,881
Net performance fees						106,706					5,707			44,624			—			157,037			—			157,037
Investment income (loss)—realized						46,048					(1,308	)		36,817			(49	)		81,508			—			81,508
Investment income (loss)—unrealized						26,733					10,324			(10,923	)		(6,451	)		19,683			—			19,683
Interest and other income						4,455					4,583			7,742			1,203			17,983			—			17,983
Interest expense						(4,051		)			(3,060	)		(3,709	)		(891	)		(11,711	)		—			(11,711	)
Net investment income (loss)						73,185					10,539			29,927			(6,188	)		107,463			—			107,463
Performance related earnings						179,891					16,246			74,551			(6,188	)		264,500			—			264,500
Economic net income (loss)				$		278,405				$	99,285		$	110,186		$	(15,385	)	$	472,491		$	(70,123	)	$	402,368
Distributable earnings (loss)				$		163,781				$	86,944		$	137,284		$	(14,596	)	$	373,413		$	(71,040	)	$	302,373
Total assets				$		640,949				$	220,181		$	389,420		$	52,793		$	1,303,343		$	9,145		$	1,312,488
Schedule of reconcile segment results to the Company's income before taxes and total assets
			For the Year Ended December 31, 2014
			Total			Consolidation			Consolidated
			Segments			Adjustments and			Results
						Reconciling Items
	Revenues		$	845,723	-1	$	(241,834	)(a)	$	603,889
	Expenses			484,046	-2		375,993	(b)		860,039
	Other income (expense)			70,593	-3		742,471	(c)		813,065
	Economic net income / Income before taxes			432,273			124,640	(d)		556,915
	Total assets			1,674,006			19,967,247	(e)		21,641,253
			For the Year Ended December 31, 2013
			Total			Consolidation			Consolidated
			Segments			Adjustments and			Results
						Reconciling Items
	Revenues		$	818,310	-1	$	(339,655	)(a)	$	478,655
	Expenses			461,584	-2		340,313	(b)		801,897
	Other income (expense)			74,171	-3		1,121,712	(c)		1,195,883
	Economic net income			430,897			441,744	(d)		872,641
	Total assets			1,435,066			22,270,318	(e)		23,705,384
			For the Year Ended December 31, 2012
			Total			Consolidation			Consolidated
			Segments			Adjustments and			Results
						Reconciling Items
	Revenues		$	840,783	-1	$	(506,737	)(a)	$	334,046
	Expenses			475,755	-2		282,776	(b)		758,531
	Other income (expense)			107,463	-3		1,578,856	(c)		1,686,327
	Economic net income			472,491			789,351	(d)		1,261,842
	Total assets			1,303,343			23,192,534	(e)		24,495,877
Schedule of segment revenues consist of management fees, administrative fees and other income, as well as realized and unrealized performance fees
					2014						2013			2012
	Management fees				$		598,046				$	516,657		$	414,690
	Administrative fees and other income						6,300					5,487			1,331
	Performance fees—realized						146,494					224,183			390,745
	Performance fees—unrealized						94,883					71,983			34,017
	Total segment revenue				$		845,723				$	818,310		$	840,783
Schedule of segment expenses consist of compensation and benefits, and general, administrative and other expenses, as well as realized and unrealized performance fee expenses
					2014						2013			2012
	Compensation and benefits				$		264,112				$	221,778		$	175,994
	General, administrative and other expenses						49,903					45,512			32,036
	Performance fee compensation—realized						80,599					134,187			295,606
	Performance fee compensation—unrealized						89,429					60,107			(27,881	)
	Total segment expense				$		484,046				$	461,584		$	475,755
Schedule of segment other income consists of realized and unrealized investment income and expenses, interest and other income and interest expenses
					2014						2013			2012
	Investment income (loss)—realized				$		52,579				$	77,022		$	81,508
	Investment Income (loss)—unrealized						10,933					(10,329	)		19,683
	Interest, dividend and other investment income						15,698					18,815			17,983
	Interest expense						(8,617		)			(11,337	)		(11,711	)
	Net investment income				$		70,593				$	74,171		$	107,463
Schedule of revenue adjustment
					2014						2013			2012
	Consolidated Fund income eliminated in consolidation				$		(249,394		)		$	(351,983	)	$	(524,411	)
	Administrative fees and other income attributable to OMG						22,147					18,468			17,674
	Performance fees—realized reclass(1)						(1,856		)			—			—
	Performance fees—unrealized reclass(1)						(12,731		)			(6,141	)		—
	Total consolidated adjustments and reconciling items				$		(241,834		)		$	(339,655	)	$	(506,737	)
	-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 Consolidated Statements of Operations.
Schedule of expenses adjustment
					2014						2013			2012
	Consolidated Fund expenses added in consolidation				$		187,494				$	317,083		$	345,048
	Consolidated Fund expenses eliminated in consolidation						(120,694		)			(182,104	)		(228,543	)
	OMG expenses						165,214					120,660			87,797
	Acquisition related expenses						11,043					6,235			(684	)
	Equity compensation expense						83,230					28,837			52,035
	Income tax expenses(1)						—					546			579
	Placement fees and underwriting costs						14,753					8,403			13,240
	Amortization of intangibles						27,610					34,399			8,682
	Depreciation expense						7,347					6,255			4,603
	Total consolidation adjustments and reconciling items				$		375,993				$	340,313		$	282,776
	-1	Relates to income taxes paid by subsidiary operating entities included in general, administrative and other expenses.
Schedule of other income adjustment
					2014						2013			2012
	Consolidated Funds other income added in consolidation, net				$		785,152				$	1,175,864		$	1,664,489
	Other income from Consolidated Funds eliminated in consolidation, net						(53,883		)			(60,291	)		(85,643	)
	Performance fee reclass(1)						14,587					6,141			—
	Loss on disposal of fixed assets						(3,062		)			—			—
	Non-cash other expense						(324		)			—			—
	Total consolidation adjustments and reconciling items				$		742,471				$	1,121,712		$	1,578,856
	-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 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
					2014						2013			2012
	Economic net income
	Income before taxes				$		556,915				$	872,641		$	1,261,842
	Adjustments:
	Amortization of intangibles						27,610					34,399			8,682
	Depreciation expense						7,347					6,255			4,603
	Equity compensation expenses						83,230					28,837			52,035
	Income tax expense(2)						—					546			579
	Acquisition-related expenses(1)						11,043					6,235			(684	)
	Placement fees and underwriting costs						14,753					8,403			13,240
	OMG expenses, net						143,067					102,192			70,123
	Loss on fixed asset disposal						3,062					—			—
	Non-cash other expense						324					—			—
	Income (loss) of non-controlling interests in Consolidated Funds						(420,358		)			(586,771	)		(933,592	)
	Income tax expense (benefit) of non-controlling interests in Consolidated Funds						5,283					(41,840	)		(4,338	)
	Total consolidation adjustments and reconciling items						(124,640		)			(441,744	)		(789,351	)
	Economic net income				$		432,273				$	430,897		$	472,491
	Fee related earnings
	Income before taxes				$		556,915				$	872,641		$	1,261,842
	Adjustments:
	Amortization of intangibles						27,610					34,399			8,682
	Depreciation expense						7,347					6,255			4,603
	Equity compensation expenses						83,230					28,837			52,035
	Income tax expense(1)						—					546			579
	Acquisition-related expenses						11,043					6,235			(684	)
	Placement fees and underwriting costs						14,753					8,403			13,240
	OMG expenses, net						143,067					102,192			70,123
	Loss on fixed asset disposal						3,062					—			—
	Non-cash other expense						324					—			—
	Income of non-controlling interests in Consolidated Funds						(420,358		)			(586,771	)		(933,592	)
	Income tax expense (benefit) of non-controlling interests in Consolidated Funds						5,283					(41,840	)		(4,338	)
	Total consolidation adjustments and reconciling items						(124,640		)			(441,744	)		(789,351	)
	Economic net income						432,273					430,897			472,491
	Total performance fees income—realized						(146,494		)			(224,183	)		(390,745	)
	Total performance fees income—unrealized						(94,883		)			(71,983	)		(34,017	)
	Total performance fee compensation—realized						80,599					134,187			295,606
	Total performance fee compensation—unrealized						89,429					60,107			(27,881	)
	Total investment income						(70,593		)			(74,171	)		(107,463	)
	Fee related earnings				$		290,331				$	254,854		$	207,991
	Management fees				$		598,046				$	516,657		$	414,690
	Administrative fees and other income						6,300					5,487			1,331
	Compensation and benefits						(264,112		)			(221,778	)		(175,994	)
	General, administrative and other expenses						(49,903		)			(45,512	)		(32,036	)
	Fee related earnings				$		290,331				$	254,854		$	207,991
					2014						2013			2012
	Performance related earnings:
	Income before taxes				$		556,915				$	872,641		$	1,261,842
	Adjustments:
	Amortization of intangibles						27,610					34,399			8,682
	Depreciation expense						7,347					6,255			4,603
	Equity compensation expenses						83,230					28,837			52,035
	Income tax expense(1)						—					546			579
	Acquisition-related expenses						11,043					6,235			(684	)
	Placement fees and underwriting costs						14,753					8,403			13,240
	OMG expenses, net						143,067					102,192			70,123
	Loss on fixed asset disposal						3,062					—			—
	Non-cash other expense						324					—			—
	Income (loss) of non-controlling interests in Consolidated Funds						(420,358		)			(586,771	)		(933,592	)
	Income tax expense (benefit) of non-controlling interests in Consolidated Funds						5,283					(41,840	)		(4,338	)
	Economic net income						432,273					430,897			472,491
	Total management fees						(598,046		)			(516,657	)		(414,690	)
	Administrative fees and other income						(6,300		)			(5,487	)		(1,331	)
	Compensation and benefits						264,112					221,778			175,994
General, administrative and other expenses						49,903					45,512			32,036
Performance related earnings				$		141,942				$	176,043		$	264,500
Total performance fees—realized				$		146,494					224,183			390,745
Total performance fees—unrealized						94,883					71,983			34,017
Total performance fee compensation—realized						(80,599		)			(134,187	)		(295,606	)
Total performance fee compensation—unrealized						(89,429		)			(60,107	)		27,881
Net investment income (loss)						70,593					74,171			107,463
Performance related earnings				$		141,942				$	176,043		$	264,500
-1	Relates to income taxes paid by subsidiary operating entities included in general, administrative and other expenses.
				2014						2013			2012
Distributable earnings
Income (loss) before taxes				$		556,915				$	872,641		$	1,261,842
Adjustments:
Amortization of intangibles						27,610					34,399			8,682
Equity compensation expenses						83,230					28,837			52,035
OMG distributable loss(1)						148,849					103,725			71,040
Non-cash acquisition-related expenses						—					—			(684	)
Taxes paid(2)						(2,335		)			—			—
Other non-cash items						(1,201		)			—			—
Income (loss) of non-controlling interests in Consolidated Funds						(420,358		)			(586,771	)		(933,592	)
Income tax (expense) benefit of non-controlling interests in Consolidated Funds						5,283					(41,840	)		(4,338	)
Unrealized performance fees						(94,883		)			(71,983	)		(34,017	)
Unrealized performance fee compensation						89,429					60,107			(27,881	)
Unrealized investment and other income (loss)						(10,933		)			10,329			(19,683	)
Distributable earnings				$		381,605				$	409,444		$	373,413
Fee related earnings				$		290,331				$	254,854		$	207,991
Performance fees—realized						146,494					224,183			390,745
Performance fee compensation—realized						(80,599		)			(134,187	)		(295,606	)
Investment and other income realized, net						59,659					84,500			87,788
Net performance related earnings—realized						125,554					174,496			182,927
Less:
One-time acquisition costs(3)						(8,446		)			(6,235	)		—
Income tax expense(4)						(1,722		)			(546	)		(579	)
Non-cash income items						(1,525		)			—			—
Placement fees and underwriting costs						(14,753		)			(8,403	)		(13,240	)
Non-cash depreciation and amortization(5)						(7,832		)			(4,722	)		(3,686	)
Distributable earnings				$		381,605				$	409,444		$	373,413
-1	Represents OMG distributable earnings which includes depreciation expense.
-2	Represents current portion of income tax expense of subsidiary operating entities.
-3	One-time acquisition costs are reduced by the amounts attributable to OMG, equal to $2,597 and $0 for the years ended December 31, 2014 and 2013, respectively.
-4	Represents current tax expense of subsidiary operating entities. Taxes attributable to OMG equal $613, $0 and $0 for the years ended December 31, 2014, 2013, and 2012 respectively.
-5	Depreciation and amortization includes loss on disposal of assets, and is reduced by the amounts attributed to OMG equal to $2,577, $1,533 and $917 for the years ended December 31, 2014, 2013 and 2012.
Schedule of reconciliation of total segment assets to total assets reported in the Consolidated Statements of Financial Condition
					2014						2013			2012
	Total assets from Consolidated Funds eliminated in consolidation				$		(806,765		)		$	(805,908	)	$	(841,351	)
	Total assets from Consolidated Funds added in consolidation						20,758,806					23,066,510			24,024,740
	OMG assets						15,206					9,716			9,145
	Total consolidation adjustments and reconciling items				$		19,967,247				$	22,270,318		$	23,192,534

CONSOLIDATING_SCHEDULES_Tables

CONSOLIDATING SCHEDULES (Tables)	12 Months Ended
	Dec. 31, 2014
CONSOLIDATING SCHEDULES
Schedule of consolidating effects of the Consolidated Funds on the Company's financial condition
		As of December 31, 2014
		Consolidated			Consolidated Funds			Eliminations			Consolidated
		Company Entities
	Assets
	Cash and cash equivalents	$	148,858		$	—		$	—		$	148,858
	Restricted cash and cash equivalents		32,734			—			—			32,734
	Investments, at fair value		594,346			—			(424,022	)		170,324
	Derivative assets, at fair value		7,623			—			—			7,623
	Performance fees receivable		548,098			—			(361,039	)		187,059
	Due from affiliates		166,225			—			(19,691	)		146,534
	Other assets		64,798			—			(93	)		64,705
	Intangible assets, net		40,948			—			—			40,948
	Goodwill		85,582			—			—			85,582
	Assets of Consolidated Funds
	Cash and cash equivalents		—			1,314,397			—			1,314,397
	Investments, at fair value		—			19,123,950			—			19,123,950
	Loans held for investment, net		—			77,514			—			77,514
	Due from affiliates		—			13,262			(1,920	)		11,342
	Dividends and interest receivable		—			81,331			—			81,331
	Receivable for securities sold		—			132,753			—			132,753
	Derivative assets, at fair value		—			3,126			—			3,126
	Other assets		—			12,473			—			12,473
	Total assets	$	1,689,212		$	20,758,806		$	(806,765	)	$	21,641,253
	Liabilities
	Accounts payable and accrued expenses	$	101,912		$	—		$	(602	)	$	101,310
	Accrued compensation		129,433			—			—			129,433
	Derivative liabilities, at fair value		2,850			—			—			2,850
	Due to affiliates		19,881			—			(851	)		19,030
	Performance fee compensation payable		381,164			—			(896	)		380,268
	Debt obligations		245,752			—			—			245,752
	Equity compensation put option liability		20,000			—			—			20,000
	Deferred tax liability, net		19,861			—			—			19,861
	Liabilities of Consolidated Funds
	Accounts payable, accrued expenses and other liabilities		—			68,674			(85	)		68,589
	Due to affiliates		—			63,417			(60,976	)		2,441
	Payable for securities purchased		—			618,902			—			618,902
	Derivative liabilities, at fair value		—			42,332			—			42,332
	Securities sold short, at fair value		—			3,763			—			3,763
	Deferred tax liability, net		—			22,214			—			22,214
	CLO loan obligations		—			12,120,842			(71,672	)		12,049,170
	Fund borrowings		—			777,600			—			777,600
	Mezzanine debt		—			378,365			—			378,365
	Total liabilities		920,853			14,096,109			(135,082	)		14,881,880
	Commitments and contingencies
	Redeemable interest in Consolidated Funds		—			1,037,450			—			1,037,450
	Redeemable interest in Ares Operating Group entities		23,988			—			—			23,988
	Non-controlling interest in Consolidated Funds:		—			—			—			—
	Non-controlling interest in Consolidated Funds		—			5,663,172			(674,443	)		4,988,729
	Equity appropriated for Consolidated Funds		—			(37,926	)		—			(37,926	)
	Non-controlling interest in Consolidated Funds		—			5,625,246			(674,443	)		4,950,803
	Non-controlling interest in Ares Operating Group entities		463,493			—			—			463,493
	Controlling interest in Ares Management, L.P.:
	Partners' Capital (80,667,664 units issued and outstanding)		285,025			—			—			285,025
	Accumulated other comprehensive gain (loss)		(4,146	)		—			2,760			(1,386	)
	Total controlling interest in Ares Management, L.P		280,879			—			2,760			283,639
	Total equity		744,372			5,625,246			(671,683	)		5,697,935
	Total liabilities, redeemable interests, non-controlling interests and equity	$	1,689,212			20,758,806			(806,765	)	$	21,641,253
		As of December 31, 2013
		Consolidated			Consolidated			Eliminations			Consolidated
		Company			Funds
		Entities
	Assets
	Cash and cash equivalents	$	89,802		$	—		$	—		$	89,802
Restricted cash and cash equivalents		13,344			—			—			13,344
Investments, at fair value		525,596			—			(436,158	)		89,438
Derivative assets, at fair value		1,164			—			—			1,164
Performance fees receivable		481,751			—			(344,069	)		137,682
Due from affiliates		130,625			—			(21,705	)		108,920
Other assets		75,599			—			(1,999	)		73,600
Intangible assets, net		68,742			—			—			68,742
Goodwill		58,159			—			—			58,159
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
Accounts payable and accrued expenses	$	69,550		$	—		$	(2,064	)	$	67,486
Accrued compensation		132,917			—			—			132,917
Derivative liabilities, at fair value		2,907			—			—			2,907
Due to affiliates		35,149			—			(2,459	)		32,690
Performance fee compensation payable		295,978			—			—			295,978
Debt obligations		153,119			—			—			153,119
Deferred tax liability, net		21,002			—			—			21,002
Liabilities of Consolidated Funds
Accounts payable, accrued expenses and other liabilities		—			95,839			—			95,839
Due to affiliates		—			92,211			(89,516	)		2,695
Payable for securities purchased		—			945,115			—			945,115
Derivative liabilities, at fair value		—			75,115			—			75,115
Securities sold short, at fair value		—			1,633			—			1,633
Deferred tax liability, net		—			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 Ares Operating Group entities		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 Ares Operating Group entities		167,731			—			—			167,731
Members' equity and common stock of Predecessor		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 Year Ended December 31, 2014
		Consolidated			Consolidated			Eliminations			Consolidated
		Company			Funds
		Entities
	Revenues
	Management fees (includes ARCC Part I Fees of $118,537)	$	598,046		$	—		$	(111,569	)	$	486,477
	Performance fees		226,790			—			(135,378	)		91,412
	Other fees		28,447			—			(2,447	)		26,000
	Total revenues		853,283			—			(249,394	)		603,889
	Expenses
	Compensation and benefits		456,372			—			—			456,372
	Performance fee compensation		170,028			—			—			170,028
	General, administrative and other expense		166,839			—			—			166,839
	Consolidated Fund expenses		—			187,494			(120,694	)		66,800
	Total expenses		793,239			187,494			(120,694	)		860,039
	Other income (expense)
	Interest and other investment income		15,956			—			(8,712	)		7,244
	Interest expense		(8,617	)		—			—			(8,617	)
	Other income (expense), net		(3,644	)		—			1,222			(2,422	)
	Net realized gain (loss) on investments		54,434			—			(46,622	)		7,812
	Net change in unrealized appreciation (depreciation) on investments		23,667			—			649			24,316
	Interest and other investment income of Consolidated Funds		—			939,735			(1,900	)		937,835
	Interest expense of Consolidated Funds		—			(674,373	)		8,000			(666,373	)
	Net realized gain (loss) on investments of Consolidated Funds		—			44,781			—			44,781
	Net change in unrealized appreciation (depreciation) on investments of Consolidated Funds		—			475,009			(6,520	)		468,489
	Total other income (expense)		81,796			785,152			(53,883	)		813,065
	Income before taxes		141,840			597,658			(182,583	)		556,915
	Income tax expense (benefit)		16,536			(5,283	)		—			11,253
	Net income		125,304			602,941			(182,583	)		545,662
	Less: Net income attributable to redeemable interests in Consolidated Funds		—			3,071			(506	)		2,565
	Less: Net income attributable to non-controlling interests in Consolidated Funds		—			599,870			(182,077	)		417,793
	Less: Net income attributable to redeemable interests in Ares Operating Group entities		731			—			—			731
	Less: Net income attributable to non-controlling interests in Ares Operating Group entities		89,585			—			—			89,585
	Net income attributable to Ares Management, L.P.	$	34,988		$	—		$	—		$	34,988
		For the Year Ended December 31, 2013
		Consolidated			Consolidated			Eliminations			Consolidated
		Company			Funds
		Entities
	Revenues
	Management fees (includes ARCC Part I Fees of $110,511)	$	516,657		$	—		$	(141,085	)	$	375,572
	Performance fees		290,026			—			(210,226	)		79,800
	Other fees		23,955			—			(672	)		23,283
	Total revenues		830,638			—			(351,983	)		478,655
	Expenses
	Compensation and benefits		333,902			—			—			333,902
	Performance fee compensation		194,294			—			—			194,294
	General, administrative and other expense		138,722			—			(258	)		138,464
	Consolidated Fund expenses		—			317,083			(181,846	)		135,237
	Total expenses		666,918			317,083			(182,104	)		801,897
	Other income (expense)
	Interest and other investment income		18,815			—			(12,819	)		5,996
	Interest expense		(9,475	)		—			—			(9,475	)
	Debt extinguishment expense		(1,862	)		—			—			(1,862	)
	Other income (expense), net		(200	)								(200	)
	Net realized gain (loss) on investments		77,015			—			(83,388	)		(6,373	)
	Net change in unrealized appreciation (depreciation) on investments		(3,983	)		—			19,278			15,295
	Interest and other investment income of Consolidated Funds		—			1,236,720			(683	)		1,236,037
	Interest expense of Consolidated Funds		—			(542,587	)		8,156			(534,431	)
	Debt extinguishment gain of Consolidated Funds		—			11,800			—			11,800
	Net realized gain (loss) on investments of Consolidated Funds		—			64,382			—			64,382
	Net change in unrealized appreciation (depreciation) on investments of Consolidated Funds		—			405,549			9,165			414,714
	Total other income (expense)		80,310			1,175,864			(60,291	)		1,195,883
	Income before taxes		244,030			858,781			(230,170	)		872,641
Income tax expense		17,423			41,840			—			59,263
Net income		226,607			816,941			(230,170	)		813,378
Less: Net income attributable to redeemable interests in Consolidated Funds		—			141,040			(3,116	)		137,924
Less: Net income attributable to non-controlling interests in Consolidated Funds		—			675,901			(227,054	)		448,847
Less: Net income attributable to redeemable interests in Ares Operating Group entities		2,451			—			—			2,451
Less: Net income attributable to non-controlling interests in Ares Operating Group entities		43,674			—			—			43,674
Less: Net income attributable to controlling interest in Predecessor		180,482			—			—			180,482
Net income attributable to Ares Management, L.P.	$	—		$	—		$	—		$	—
	For the Year Ended December 31, 2012
	Consolidated			Consolidated			Eliminations			Consolidated
	Company			Funds
	Entities
Revenues
Management fees (includes ARCC Part I Fees of $95,182)	$	414,690		$	—		$	(165,106	)	$	249,584
Performance fees		424,762			—			(355,271	)		69,491
Other fees		19,005			—			(4,034	)		14,971
Total revenues		858,457			—			(524,411	)		334,046
Expenses
Compensation and benefits		288,719			—			—			288,719
Performance fee compensation		267,725			—			—			267,725
General, administrative and other expense		85,582			—			—			85,582
Consolidated Fund expenses		—			345,048			(228,543	)		116,505
Total expenses		642,026			345,048			(228,543	)		758,531
Other income (expense)
Interest and other investment income		17,983			—			(9,559	)		8,424
Interest expense		(8,679	)		—			—			(8,679	)
Debt extinguishment expense		(3,032	)		—			—			(3,032	)
Other income (expense), net		7			—			—			7
Net realized gain (loss) on investments		81,508			—			(74,846	)		6,662
Net change in unrealized appreciation (depreciation) on investments		19,694			—			(21,364	)		(1,670	)
Interest and other investment income of Consolidated Funds		—			1,407,757			(1,164	)		1,406,593
Interest expense of Consolidated Funds		—			(464,073	)		14,696			(449,377	)
Net realized gain (loss) on investments of Consolidated Funds		—			1,794,412			—			1,794,412
Net change in unrealized appreciation (depreciation) on investments of Consolidated Funds		—			(1,073,607	)		6,594			(1,067,013	)
Total other income (expense)		107,481			1,664,489			(85,643	)		1,686,327
Income before taxes		323,912			1,319,441			(381,511	)		1,261,842
Income tax expense		21,816			4,338			—			26,154
Net income		302,096			1,315,103			(381,511	)		1,235,688
Less: Net income attributable to redeemable interests in Consolidated Funds		—			202,191			(3,116	)		199,075
Less: Net income attributable to non-controlling interests in Consolidated Funds		—			1,112,912			(378,395	)		734,517
Less: Net income attributable to redeemable interests in Ares Operating Group entities		3,293			—			—			3,293
Less: Net income attributable to non-controlling interests in Ares Operating Group entities		78,157			—			—			78,157
Less: Net income attributable to controlling interest in Predecessor		220,646			—			—			220,646
Net income attributable to Ares Management, L.P.	$	—		$	—		$	—		$	—

SUBSEQUENT_EVENTS_Table

SUBSEQUENT EVENTS (Table)	12 Months Ended
	Dec. 31, 2014
SUBSEQUENT EVENTS
Summary of consideration transferred
	Cash	$	64,532
	Equity (1,578,947 Ares Operating Group units)		25,468
	Contingent consideration		59,171
	Total	$	149,171
Summary of the estimated fair value of the assets acquired and liabilities assumed
	Cash	$	95
	Other tangible assets		610
	Intangible assets:
	—Management contracts		48,521
	—Client relationships		38,600
	—Trade name		3,200
	Total intangible assets		90,321
	Total identifiable assets acquired		91,026
	Accounts payable, accrued expenses and other liabilities		455
	Total liabilities assumed		455
	Net identifiable assets acquired	$	90,571
	Goodwill:
	—Assembled workforce		8,300
	—Others		50,300
	Total goodwill		58,600
	Net assets acquired	$	149,171
Schedule of unaudited pro forma financial information
		Year Ended		May 1, 2014 -
		December 31, 2014		December 31, 2014
		(Unaudited)		(Unaudited)
	Total Revenues	$	42,767	$	28,512
	Net Income Attributable to Ares Management, L.P.	$	174	$	116
	Earnings Per Common Unit—Basic and Diluted	$	0.00	$	0.00

QUARTERLY_FINANCIAL_DATA_UNAUD1

QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)	12 Months Ended
	Dec. 31, 2014
QUARTERLY FINANCIAL DATA (UNAUDITED)
Schedule of quarterly financial data
			For the Three Months Ended
			March 31,		June 30,			September 30,			December 31,
			2014		2014			2014			2014
	Revenues		$	133,628	$	131,618		$	175,161		$	163,482
	Expenses			184,130		259,102			203,337			213,470
	Other income (loss)			325,177		318,973			(48,709	)		217,624
	Income (loss) before provision for income taxes			274,675		191,489			(76,885	)		167,636
	Net income (loss)			281,370		186,222			(79,284	)		157,354
	Net income (loss) attributable to Ares Management, L.P.			N/A		17,842			13,971			3,175
	Net income (loss) attributable to Ares Management L.P. per common unit
	Basic			N/A	$	0.22		$	0.17		$	0.04
	Diluted			N/A	$	0.22		$	0.17		$	0.04
	Distributions declared per common unit(1)			N/A	$	0.18		$	0.24		$	0.24
			For the Three Months Ended
			March 31,		June 30,			September 30,			December 31,
			2013		2013			2013			2013
	Revenues		$	107,537	$	89,302		$	135,877		$	145,939
	Expenses			213,067		109,793			237,037			242,000
	Other income (loss)			353,114		(109,931	)		512,147			440,553
	Income (loss) before provision for income taxes			247,584		(130,422	)		410,987			344,492
	Net income (loss)			223,134		(136,734	)		406,197			320,781
	Net income (loss) attributable to Ares Management, L.P.			N/A		N/A			N/A			N/A
	Net income (loss) attributable to Ares Management L.P. per common unit
	Basic			N/A		N/A			N/A			N/A
	Diluted			N/A		N/A			N/A			N/A
	Distributions declared per common unit(1)			N/A		N/A			N/A			N/A
	-1	Distributions declared per common unit are reflected in the period the income is earned.

ORGANIZATION_AND_BASIS_OF_PRES1

ORGANIZATION AND BASIS OF PRESENTATION (Details)	12 Months Ended
	Dec. 31, 2014
	item
ORGANIZATION AND BASIS OF PRESENTATION
Number operating segments	4
ORGANIZATION AND BASIS OF PRESENTATION
Number of affiliated entities results included in accompanying combined and consolidated financial statements	2
APMC | AH LLC
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%

ORGANIZATION_AND_BASIS_OF_PRES2

ORGANIZATION AND BASIS OF PRESENTATION (Details 2) (USD $)	0 Months Ended		12 Months Ended
In Millions, except Share data, unless otherwise specified	Jun. 04, 2014	7-May-14	Dec. 31, 2014	2-May-14
ORGANIZATION AND BASIS OF PRESENTATION
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			55.95%	59.21%
Number of partnership units Ares Owners Holdings, L.P. of each of the Ares Operating Group Entities			118,358,662	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			5.91%	6.25%
Number of AOG Units an affiliate of Alleghany Corporation owns of each of the Ares Operating Group entities			12,500,000	12,500,000
Issuance of common units (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
Ares Owners Holdings, L.P. ownership percentage of Ares Management, L.P.		42.82%
AREC 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%
An affiliate of 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%
AOG
ORGANIZATION AND BASIS OF PRESENTATION
Maximum ratio for exchange of units		4	4
Units conversion ratio		100.00%	100.00%
Minimum number of Ares Operating Group units required to be exchanged in each of the Ares Operating Group entities to effect an exchange for a common unit of the Company		1
Number of Ares Operating Group Entities		5

SUMMARY_OF_SIGNIFICANT_ACCOUNT3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $)	8 Months Ended	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
		item	item
Variable Interest Model
Assets	$21,641,253,000	$21,641,253,000	$23,705,384,000	$24,495,877,000
Liabilities	14,881,880,000	14,881,880,000	16,030,319,000
Number of funds deconsolidated due to them being liquidated or dissolved		3	1
Number of funds deconsolidated due to no longer holding majority voting interest		4	0
Number of funds deconsolidated due to no longer being primary beneficiary		11	0
Investments in Non-Consolidated Variable Interest Entities
Cash payment to redeem interest in Ares Operating Group entities		20,000,000
Vesting period		5 years
Gains (losses) related to foreign currencies revaluation		300,000	-600,000	100,000
Impairments of goodwill		0
Loan receivable non-accrual status	800,000	800,000
Income Allocation
Average daily ownership (as a percent)	38.02%
Unfunded commitments		187,900,000	244,500,000
Minimum
Variable Interest Model
Number of parties equity interests to be aggregated		2
Investments in Non-Consolidated Variable Interest Entities
Estimated useful lives		1 year
Estimated useful life		3 years
Maximum
Investments in Non-Consolidated Variable Interest Entities
Estimated useful lives		10 years
Estimated useful life		7 years
Tradable Credit Group | Long-only (high yield)
Investments in Non-Consolidated Variable Interest Entities
Average management contract term		12 years 7 months 6 days
Tradable Credit Group | Long-only (high yield) | Minimum
Investments in Non-Consolidated Variable Interest Entities
Management fees (as a percent)		0.45%
Performance fees (as a percent)		10.00%
Preferred return (as a percent)		7.00%
Tradable Credit Group | Long-only (high yield) | Maximum
Investments in Non-Consolidated Variable Interest Entities
Management fees (as a percent)		0.65%
Performance fees (as a percent)		20.00%
Preferred return (as a percent)		12.00%
Tradable Credit Group | Alternative (multi strategy)
Investments in Non-Consolidated Variable Interest Entities
Percentage decrease in management fees related to aggregate adjusted cost of unrealized portfolio investments		1.00%
Average management contract term		10 years 1 month 6 days
Tradable Credit Group | Alternative (multi strategy) | Minimum
Investments in Non-Consolidated Variable Interest Entities
Management fees (as a percent)		0.50%
Performance fees (as a percent)		10.00%
Preferred return (as a percent)		5.00%
Tradable Credit Group | Alternative (multi strategy) | Maximum
Investments in Non-Consolidated Variable Interest Entities
Management fees (as a percent)		1.75%
Performance fees (as a percent)		20.00%
Preferred return (as a percent)		9.00%
Direct Lending Group
Investments in Non-Consolidated Variable Interest Entities
Average management contract term		8 years 9 months 18 days
Direct Lending Group | Minimum
Investments in Non-Consolidated Variable Interest Entities
Management fees (as a percent)		0.75%
Percentage decrease in management fees related to aggregate adjusted cost of unrealized portfolio investments		0.50%
Performance fees (as a percent)		10.00%
Preferred return (as a percent)		5.00%
Direct Lending Group | Maximum
Investments in Non-Consolidated Variable Interest Entities
Management fees (as a percent)		2.00%
Percentage decrease in management fees related to aggregate adjusted cost of unrealized portfolio investments		1.50%
Performance fees (as a percent)		20.00%
Preferred return (as a percent)		8.00%
Private Equity Group
Investments in Non-Consolidated Variable Interest Entities
Average management contract term		12 years 6 months
Performance fees (as a percent)		20.00%
Preferred return (as a percent)		8.00%
Private Equity Group | Minimum
Investments in Non-Consolidated Variable Interest Entities
Management fees (as a percent)		1.50%
Percentage decrease in management fees related to aggregate adjusted cost of unrealized portfolio investments		0.75%
Private Equity Group | Maximum
Investments in Non-Consolidated Variable Interest Entities
Management fees (as a percent)		2.00%
Percentage decrease in management fees related to aggregate adjusted cost of unrealized portfolio investments		1.13%
Real Estate Group
Investments in Non-Consolidated Variable Interest Entities
Average management contract term		10 years 9 months 18 days
Real Estate Group | Minimum
Investments in Non-Consolidated Variable Interest Entities
Management fees (as a percent)		0.50%
Performance fees (as a percent)		10.00%
Preferred return (as a percent)		8.00%
Real Estate Group | Maximum
Investments in Non-Consolidated Variable Interest Entities
Management fees (as a percent)		1.50%
Performance fees (as a percent)		25.00%
Preferred return (as a percent)		10.00%
ARCC
Investments in Non-Consolidated Variable Interest Entities
Management fees as a percentage of net investment income		20.00%
Hurdle rate per quarter (as a percent)		1.75%
Hurdle rate per annum (as a percent)		7.00%
Percentage of net investment income received from first dollar earned		20.00%
Parent Company
Equity Appropriated for Consolidated Funds
Investments	170,324,000	170,324,000	89,438,000
Investments in Non-Consolidated Variable Interest Entities
Maximum exposure to loss in non-consolidated VIEs	14,851,000	14,851,000	12,366,000
Management fees		486,477,000	375,572,000	249,584,000
Interest income		3,300,000	400,000	2,600,000
Parent Company | Consolidated VIEs
Equity Appropriated for Consolidated Funds
Investments	193,000,000	193,000,000	162,700,000
Consolidated VIEs
Variable Interest Model
Assets	14,200,000,000	14,200,000,000	14,200,000,000
Liabilities	13,200,000,000	13,200,000,000	13,100,000,000
Consolidated Funds
Equity Appropriated for Consolidated Funds
Equity appropriated for Consolidated Funds	-37,926,000	-37,926,000	155,261,000
Investments	19,123,950,000	19,123,950,000	20,823,338,000
Investments in Non-Consolidated Variable Interest Entities
Maximum exposure to loss in non-consolidated VIEs	2,519,000	2,519,000	96,223,000
Interest income		700,000,000	1,100,000,000	1,300,000,000
Income Allocation
Capital contributed		75,200,000
Unfunded commitments		$38,300,000
Consolidated Funds | Collateralized loan obligation
Equity Appropriated for Consolidated Funds
Number of CLOs consolidated	31	31	35

GOODWILL_AND_INTANGIBLE_ASSETS2

GOODWILL AND INTANGIBLE ASSETS (Details) (USD $)	12 Months Ended			0 Months Ended	1 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Jul. 01, 2013	Jun. 30, 2014
Business combinations
Amortization expense	$27,600,000	$34,400,000	$8,700,000
Goodwill	85,582,000	58,159,000
Amortization expense of intangible assets	4,200,000	17,600,000
AREA
Business combinations
Number of acquired leases evaluated	3
Unfavorable lease liability	3,400,000
AREA Sponsor Holdings, LLC and AREA
Business combinations
Increase in goodwill due to acquisition				50,000,000
Increase in finite lived intangible assets due to acquisition				35,100,000
Purchase price allocated to the identifiable assets and liabilities				44,600,000
AM LLC | Keltic
Business combinations
Cash paid for acquisition					60,000,000
Amount of contingent consideration					2,000,000
Purchase price allocated to the fair value of the acquired net assets					38,000,000
Goodwill					$24,000,000

GOODWILL_AND_INTANGIBLE_ASSETS3

GOODWILL AND INTANGIBLE ASSETS (Details 2) (USD $)	12 Months Ended			0 Months Ended	1 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Jul. 01, 2013	Jun. 30, 2014
Business combinations
Amortization expense	$27,600,000	$34,400,000	$8,700,000
Impairment expense	4,200,000	17,600,000
Goodwill	85,582,000	58,159,000
AREA Sponsor Holdings, LLC
Business combinations
Ownership interest acquired (as a percent)				35.00%
AREA
Business combinations
Ownership interest acquired (as a percent)				100.00%
Number of acquired leases evaluated	3
Unfavorable lease liability	3,400,000
AREA Sponsor Holdings, LLC and AREA
Business combinations
Purchase price				130,100,000
Increase in goodwill due to acquisition				50,000,000
Increase in finite lived intangible assets due to acquisition				35,100,000
Purchase price allocated to the identifiable assets and liabilities				44,600,000
AM LLC | Keltic
Business combinations
Goodwill					24,000,000
Purchase price allocated to the fair value of the acquired net assets					38,000,000
Cash paid for acquisition					$60,000,000

GOODWILL_AND_INTANGIBLE_ASSETS4

GOODWILL AND INTANGIBLE ASSETS (Details 3) (USD $)	Dec. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Carrying value for the Company's intangible assets
Finite-lived intangible assets	$114,102	$114,855
Less accumulated amortization	-73,154	-46,113
Finite-lived intangible assets, net	40,948	68,742
Goodwill	85,582	58,159
Total intangible assets and goodwill, net	126,530	126,901
Parent Company
Carrying value for the Company's intangible assets
Goodwill	$85,582	$58,159

GOODWILL_AND_INTANGIBLE_ASSETS5

GOODWILL AND INTANGIBLE ASSETS (Details 4) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Finite-lived intangible assets, net
Total intangible assets acquired	$114,102	$114,855
Less accumulated amortization	-73,154	-46,113
Finite-lived intangible assets, net	40,948	68,742
Amortization expense	27,600	34,400	8,700
Collateral management contracts
Finite-lived intangible assets, net
Total intangible assets acquired	79,002	79,755
Collateral management contracts | AREA
Finite-lived intangible assets, net
Total intangible assets acquired	$35,100	$35,100

GOODWILL_AND_INTANGIBLE_ASSETS6

GOODWILL AND INTANGIBLE ASSETS (Details 5) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Estimated future annual amortization of finite-lived intangible assets
2015	$19,943,000
2016	9,896,000
2017	6,530,000
2018	1,802,000
2019	1,172,000
Thereafter	1,605,000
Finite-lived intangible assets, net	40,948,000	68,742,000
Impairment expense	$4,200,000	$17,600,000

INVESTMENTS_Details

INVESTMENTS (Details) (Parent Company, USD $)	Dec. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Investments
Investments, at fair value	$170,324	$89,438
Fair value as a percentage of total investments	100.00%	100.00%
Investments, at cost	130,014	69,830
Private Investment Partnership Interests
Investments
Investments, at fair value	169,057	88,177
Fair value as a percentage of total investments	99.20%	98.60%
Investments, at cost	128,756	68,580
Private Investment Partnership Interests | AREA European Property Enhancement Program L.P
Investments
Investments, at fair value	1,760	1,735
Fair value as a percentage of total investments	1.00%	1.90%
Private Investment Partnership Interests | AREA Sponsor Holdings, LLC
Investments
Investments, at fair value	40,296	31,560
Fair value as a percentage of total investments	23.60%	35.40%
Private Investment Partnership Interests | Ares Capital Europe II (D), L.P
Investments
Investments, at fair value	15,592
Fair value as a percentage of total investments	9.20%
Private Investment Partnership Interests | Ares Capital Europe II (E), L.P
Investments
Investments, at fair value	31
Fair value as a percentage of total investments	0.00%
Private Investment Partnership Interests | Ares Centre Street Partnership, L.P.
Investments
Investments, at fair value	256
Fair value as a percentage of total investments	0.20%
Private Investment Partnership Interests | Ares Corporate Opportunities Fund, L.P (2)
Investments
Investments, at fair value	777	1,009
Fair value as a percentage of total investments	0.50%	1.10%
Private Investment Partnership Interests | Ares Corporate Opportunities Fund IV LP
Investments
Investments, at fair value	21,836
Fair value as a percentage of total investments	12.80%
Private Investment Partnership Interests | Ares Credit Strategies Fund II, L.P
Investments
Investments, at fair value	627	1,998
Fair value as a percentage of total investments	0.40%	2.20%
Private Investment Partnership Interests | Ares Credit Strategies Fund III, L.P
Investments
Investments, at fair value	19
Fair value as a percentage of total investments	0.00%
Private Investment Partnership Interests | Ares Enhanced Loan Investment Strategy IX, L.P
Investments
Investments, at fair value		512
Fair value as a percentage of total investments		0.60%
Private Investment Partnership Interests | Ares European Credit Strategies Fund C LP
Investments
Investments, at fair value	497	301
Fair value as a percentage of total investments	0.30%	0.30%
Private Investment Partnership Interests | ARES European Real Estate Fund IV LP
Investments
Investments, at fair value	2,455
Fair value as a percentage of total investments	1.40%
Private Investment Partnership Interests | Ares Multi Strategy Credit Fund V (H), L.P
Investments
Investments, at fair value	1,068	1,022
Fair value as a percentage of total investments	0.60%	1.10%
Private Investment Partnership Interests | Ares Special Situations Fund I-B, L.P
Investments
Investments, at fair value	2
Fair value as a percentage of total investments	0.00%
Private Investment Partnership Interests | Ares Special Situations Fund III, L.P
Investments
Investments, at fair value	26,867	24,253
Fair value as a percentage of total investments	15.80%	27.20%
Private Investment Partnership Interests | Ares SSF Riopelle, L.P
Investments
Investments, at fair value	4,211
Fair value as a percentage of total investments	2.50%
Private Investment Partnership Interests | Ares Strategic Investment Partners, L.P
Investments
Investments, at fair value	75
Fair value as a percentage of total investments	0.00%
Private Investment Partnership Interests | Ares Strategic Investment Partners III, L.P
Investments
Investments, at fair value	2,672	2,714
Fair value as a percentage of total investments	1.60%	3.00%
Private Investment Partnership Interests | Ares Strategic Real Estate Program - HHC, LLC
Investments
Investments, at fair value	3,094	1,227
Fair value as a percentage of total investments	1.80%	1.40%
Private Investment Partnership Interests | Ares US Real Estate Fund VIII, L.P.
Investments
Investments, at fair value	1,574
Fair value as a percentage of total investments	0.90%
Private Investment Partnership Interests | Resolution Life L.P
Investments
Investments, at fair value	45,348	21,846
Fair value as a percentage of total investments	26.60%	24.40%
Common Stock.
Investments
Investments, at fair value	89	89
Fair value as a percentage of total investments	0.10%	0.10%
Investments, at cost	108	100
Common Stock. | Ares Multi Strategy Credit Fund, Inc.
Investments
Investments, at fair value	89	89
Fair value as a percentage of total investments	0.10%	0.10%
Corporate Bonds
Investments
Investments, at fair value	1,178	1,172
Fair value as a percentage of total investments	0.70%	1.30%
Investments, at cost	1,150	1,150
Corporate Bonds | Ares Commercial Real Estate Corporation Convertible Senior Notes
Investments
Investments, at fair value	$1,178	$1,172
Fair value as a percentage of total investments	0.70%	1.30%

INVESTMENTS_Details_2

INVESTMENTS (Details 2) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
	item	item
Investments
Number of single issuers above 5%	0	0
Maximum
Investments
Fair value as a percentage of total investments	5.00%	5.00%
Consolidated Funds
Investments
Investments, at fair value	19,123,950	20,823,338
Fair value as a percentage of total investments	100.00%	100.00%
Securities sold short, at fair value	-3,763	-1,633
Consolidated Funds | Fixed income asset
Investments
Investments, at fair value	14,640,084	17,146,204
Fair value as a percentage of total investments	76.70%	82.30%
Consolidated Funds | Common Stock.
Investments
Investments, at fair value	4,483,866	3,677,134
Fair value as a percentage of total investments	23.30%	17.70%
Consolidated Funds | United States | Fixed income asset
Investments
Investments, at fair value	9,753,269	11,163,232
Fair value as a percentage of total investments	51.00%	53.60%
Investments, at cost	9,928,006	11,071,982
Consolidated Funds | United States | Fixed income asset | Consumer discretionary
Investments
Investments, at fair value	3,136,899	4,146,611
Fair value as a percentage of total investments	16.30%	20.00%
Consolidated Funds | United States | Fixed income asset | Consumer staples
Investments
Investments, at fair value	221,708	338,735
Fair value as a percentage of total investments	1.20%	1.60%
Consolidated Funds | United States | Fixed income asset | Energy
Investments
Investments, at fair value	416,861	535,857
Fair value as a percentage of total investments	2.20%	2.60%
Consolidated Funds | United States | Fixed income asset | Financials
Investments
Investments, at fair value	401,673	544,879
Fair value as a percentage of total investments	2.10%	2.60%
Consolidated Funds | United States | Fixed income asset | Healthcare, education and childcare
Investments
Investments, at fair value	1,191,619	1,176,418
Fair value as a percentage of total investments	6.20%	5.60%
Consolidated Funds | United States | Fixed income asset | Industrials
Investments
Investments, at fair value	1,717,523	2,038,390
Fair value as a percentage of total investments	9.00%	9.80%
Consolidated Funds | United States | Fixed income asset | Information technology
Investments
Investments, at fair value	745,920	542,377
Fair value as a percentage of total investments	3.90%	2.60%
Consolidated Funds | United States | Fixed income asset | Materials
Investments
Investments, at fair value	393,569	463,864
Fair value as a percentage of total investments	2.10%	2.20%
Consolidated Funds | United States | Fixed income asset | Partnership and LLC interests
Investments
Investments, at fair value	16,256
Fair value as a percentage of total investments	0.10%	0.00%
Consolidated Funds | United States | Fixed income asset | Telecommunication services
Investments
Investments, at fair value	1,287,688	1,153,691
Fair value as a percentage of total investments	6.70%	5.50%
Consolidated Funds | United States | Fixed income asset | Utilities
Investments
Investments, at fair value	223,553	222,410
Fair value as a percentage of total investments	1.20%	1.10%
Consolidated Funds | United States | Common Stock.
Investments
Investments, at fair value	4,153,194	3,390,011
Fair value as a percentage of total investments	21.70%	16.40%
Investments, at cost	2,964,900	2,733,448
Consolidated Funds | United States | Common Stock. | Consumer discretionary
Investments
Investments, at fair value	2,852,369	2,464,520
Fair value as a percentage of total investments	14.90%	11.90%
Consolidated Funds | United States | Common Stock. | Consumer staples
Investments
Investments, at fair value	443,711	201,059
Fair value as a percentage of total investments	2.30%	1.00%
Consolidated Funds | United States | Common Stock. | Energy
Investments
Investments, at fair value	150,755	193,946
Fair value as a percentage of total investments	0.80%	1.00%
Consolidated Funds | United States | Common Stock. | Financials
Investments
Investments, at fair value	8,272	6,172
Fair value as a percentage of total investments	0.00%	0.00%
Consolidated Funds | United States | Common Stock. | Healthcare, education and childcare
Investments
Investments, at fair value	464,159	296,817
Fair value as a percentage of total investments	2.40%	1.50%
Consolidated Funds | United States | Common Stock. | Industrials
Investments
Investments, at fair value	128,247	134,544
Fair value as a percentage of total investments	0.70%	0.60%
Consolidated Funds | United States | Common Stock. | Materials
Investments
Investments, at fair value		31
Fair value as a percentage of total investments		0.00%
Consolidated Funds | United States | Common Stock. | Partnership and LLC interests
Investments
Investments, at fair value	89,105	41,001
Fair value as a percentage of total investments	0.50%	0.20%
Consolidated Funds | United States | Common Stock. | Telecommunication services
Investments
Investments, at fair value	16,576	51,921
Fair value as a percentage of total investments	0.10%	0.20%
Consolidated Funds | Europe | Fixed income asset
Investments
Investments, at fair value	3,691,380	4,708,678
Fair value as a percentage of total investments	19.40%	22.50%
Investments, at cost	3,813,343	4,747,808
Consolidated Funds | Europe | Fixed income asset | Consumer discretionary
Investments
Investments, at fair value	1,080,270	1,858,364
Fair value as a percentage of total investments	5.60%	8.90%
Consolidated Funds | Europe | Fixed income asset | Consumer staples
Investments
Investments, at fair value	126,766	175,440
Fair value as a percentage of total investments	0.70%	0.80%
Consolidated Funds | Europe | Fixed income asset | Energy
Investments
Investments, at fair value	16,509	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	345,811	322,355
Fair value as a percentage of total investments	1.80%	1.50%
Consolidated Funds | Europe | Fixed income asset | Healthcare, education and childcare
Investments
Investments, at fair value	303,116	410,726
Fair value as a percentage of total investments	1.60%	2.00%
Consolidated Funds | Europe | Fixed income asset | Industrials
Investments
Investments, at fair value	526,214	485,243
Fair value as a percentage of total investments	2.80%	2.30%
Consolidated Funds | Europe | Fixed income asset | Information technology
Investments
Investments, at fair value	130,504	140,976
Fair value as a percentage of total investments	0.70%	0.70%
Consolidated Funds | Europe | Fixed income asset | Materials
Investments
Investments, at fair value	326,659	328,867
Fair value as a percentage of total investments	1.70%	1.60%
Consolidated Funds | Europe | Fixed income asset | Telecommunication services
Investments
Investments, at fair value	833,015	944,800
Fair value as a percentage of total investments	4.40%	4.50%
Consolidated Funds | Europe | Fixed income asset | Utilities
Investments
Investments, at fair value	2,516	37,001
Fair value as a percentage of total investments	0.00%	0.20%
Consolidated Funds | Europe | Common Stock.
Investments
Investments, at fair value	53,445	50,853
Fair value as a percentage of total investments	0.20%	0.20%
Investments, at cost	98,913	83,277
Consolidated Funds | Europe | Common Stock. | Consumer discretionary
Investments
Investments, at fair value	2,940	10,686
Fair value as a percentage of total investments	0.00%	0.10%
Consolidated Funds | Europe | Common Stock. | Consumer staples
Investments
Investments, at fair value	862	668
Fair value as a percentage of total investments	0.00%	0.00%
Consolidated Funds | Europe | Common Stock. | Healthcare, education and childcare
Investments
Investments, at fair value	27,774	28,607
Fair value as a percentage of total investments	0.10%	0.10%
Consolidated Funds | Europe | Common Stock. | Industrials
Investments
Investments, at fair value	76	8,595
Fair value as a percentage of total investments	0.00%	0.00%
Consolidated Funds | Europe | Common Stock. | Materials
Investments
Investments, at fair value		773
Fair value as a percentage of total investments		0.00%
Consolidated Funds | Europe | Common Stock. | Partnership and LLC interests
Investments
Investments, at fair value	17,107
Fair value as a percentage of total investments	0.10%
Consolidated Funds | Europe | Common Stock. | Telecommunication services
Investments
Investments, at fair value	4,686	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	639,181	634,432
Fair value as a percentage of total investments	3.40%	3.10%
Investments, at cost	579,436	593,188
Consolidated Funds | Asia and other | Fixed income asset | Consumer discretionary
Investments
Investments, at fair value	73,250	43,538
Fair value as a percentage of total investments	0.40%	0.20%
Consolidated Funds | Asia and other | Fixed income asset | Financials
Investments
Investments, at fair value	493,618	456,463
Fair value as a percentage of total investments	2.60%	2.20%
Consolidated Funds | Asia and other | Fixed income asset | Healthcare, education and childcare
Investments
Investments, at fair value	41,536	14,556
Fair value as a percentage of total investments	0.20%	0.10%
Consolidated Funds | Asia and other | Fixed income asset | Information technology
Investments
Investments, at fair value		22,012
Fair value as a percentage of total investments		0.10%
Consolidated Funds | Asia and other | Fixed income asset | Materials
Investments
Investments, at fair value		15,885
Fair value as a percentage of total investments		0.10%
Consolidated Funds | Asia and other | Fixed income asset | Telecommunication services
Investments
Investments, at fair value	30,777	81,978
Fair value as a percentage of total investments	0.20%	0.40%
Consolidated Funds | Asia and other | Common Stock.
Investments
Investments, at fair value	261,393	158,736
Fair value as a percentage of total investments	1.40%	0.80%
Investments, at cost	184,022	135,631
Consolidated Funds | Asia and other | Common Stock. | Consumer discretionary
Investments
Investments, at fair value	89,897
Fair value as a percentage of total investments	0.50%
Consolidated Funds | Asia and other | Common Stock. | Consumer staples
Investments
Investments, at fair value	62,467	77,572
Fair value as a percentage of total investments	0.30%	0.40%
Consolidated Funds | Asia and other | Common Stock. | 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 | Common Stock. | 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 | Common Stock. | Partnership and LLC interests
Investments
Investments, at fair value	13,478
Fair value as a percentage of total investments	0.10%
Consolidated Funds | Asia and other | Common Stock. | Utilities
Investments
Investments, at fair value	8,994	4,724
Fair value as a percentage of total investments	0.00%	0.00%
Consolidated Funds | Canada | Fixed income asset
Investments
Investments, at fair value	363,220	471,770
Fair value as a percentage of total investments	1.90%	2.30%
Investments, at cost	396,108	480,231
Consolidated Funds | Canada | Fixed income asset | Consumer discretionary
Investments
Investments, at fair value	71,379	121,132
Fair value as a percentage of total investments	0.40%	0.60%
Consolidated Funds | Canada | Fixed income asset | Energy
Investments
Investments, at fair value	60,605	87,469
Fair value as a percentage of total investments	0.30%	0.40%
Consolidated Funds | Canada | Fixed income asset | Healthcare, education and childcare
Investments
Investments, at fair value	84,470	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	30,009	16,331
Fair value as a percentage of total investments	0.20%	0.10%
Consolidated Funds | Canada | Fixed income asset | Materials
Investments
Investments, at fair value	5,625
Fair value as a percentage of total investments	0.00%	0.00%
Consolidated Funds | Canada | Fixed income asset | Partnership and LLC interests
Investments
Investments, at fair value	1,327
Fair value as a percentage of total investments	0.00%
Consolidated Funds | Canada | Fixed income asset | Telecommunication services
Investments
Investments, at fair value	109,805	142,374
Fair value as a percentage of total investments	0.60%	0.70%
Consolidated Funds | Canada | Common Stock.
Investments
Investments, at fair value		52,079
Fair value as a percentage of total investments		0.20%
Investments, at cost	68,249	75,256
Consolidated Funds | Canada | Common Stock. | Consumer discretionary
Investments
Investments, at fair value		892
Fair value as a percentage of total investments		0.00%
Consolidated Funds | Canada | Common Stock. | Energy
Investments
Investments, at fair value		51,187
Fair value as a percentage of total investments		0.20%
Consolidated Funds | Australia | Fixed income asset
Investments
Investments, at fair value	193,034	168,092
Fair value as a percentage of total investments	1.00%	0.80%
Investments, at cost	213,759	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%	0.00%
Consolidated Funds | Australia | Fixed income asset | Energy
Investments
Investments, at fair value	66,150
Fair value as a percentage of total investments	0.30%
Consolidated Funds | Australia | Fixed income asset | Industrials
Investments
Investments, at fair value	32,146	99,376
Fair value as a percentage of total investments	0.20%	0.50%
Consolidated Funds | Australia | Fixed income asset | Utilities
Investments
Investments, at fair value	94,738	68,513
Fair value as a percentage of total investments	0.50%	0.30%
Consolidated Funds | Australia | Common Stock.
Investments
Investments, at fair value	15,834	25,455
Fair value as a percentage of total investments	0.00%	0.10%
Investments, at cost	22,233	30,140
Consolidated Funds | Australia | Common Stock. | Telecommunication services
Investments
Investments, at fair value	7,547	16,102
Fair value as a percentage of total investments	0.00%	0.10%
Consolidated Funds | Australia | Common Stock. | Utilities
Investments
Investments, at fair value	8,287	9,353
Fair value as a percentage of total investments	0.00%	0.00%

FAIR_VALUE_Details

FAIR VALUE (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Minimum
FAIR VALUE
Period within which investors of open ended and evergreen funds can withdraw their capital	1 month
Maximum
FAIR VALUE
Period within which investors of open ended and evergreen funds can withdraw their capital	3 years
Level III | Minimum
FAIR VALUE
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	1
Number of broker non-binding quotes to measure fair value of assets or liabilities	1
Number of quote obtained directly from a broker making a market for the asset	1
Number of price obtained directly from a pricing vendor for each security or similar securities	1
Level III | Maximum
FAIR VALUE
Number of broker non-binding quotes to measure fair value of assets or liabilities	2
Parent Company
FAIR VALUE
Investments, at fair value	170,324	$89,438
Derivative assets, at fair value	7,623	1,164
Derivative liabilities, at fair value	-2,850	-2,907
Parent Company | Interest rate contracts
FAIR VALUE
Derivative liabilities, at fair value	-847	-1,254
Parent Company | Foreign exchange contracts
FAIR VALUE
Derivative assets, at fair value	7,623	1,164
Derivative liabilities, at fair value	-2,003	-1,653
Parent Company | Level I
FAIR VALUE
Investments, at fair value	89	89
Assets, at fair value	89	89
Parent Company | Level I | Common Stock.
FAIR VALUE
Investments, at fair value	89	89
Parent Company | Level II
FAIR VALUE
Investments, at fair value	1,178	1,172
Derivative assets, at fair value	7,623	1,164
Assets, at fair value	8,801	2,336
Derivative liabilities, at fair value	-2,850	-2,907
Parent Company | Level II | Forward foreign currency contracts
FAIR VALUE
Derivative assets, at fair value	5,721	247
Derivative liabilities, at fair value	-2,003	-1,653
Parent Company | Level II | Purchased option contracts
FAIR VALUE
Derivative assets, at fair value	1,902	917
Parent Company | Level II | Interest rate contracts
FAIR VALUE
Derivative liabilities, at fair value	-847	-1,254
Parent Company | Level II | Corporate Bonds
FAIR VALUE
Investments, at fair value	1,178	1,172
Parent Company | Level III
FAIR VALUE
Investments, at fair value	169,057	88,177
Assets, at fair value	169,057	88,177
Parent Company | Level III | Private Investment Partnership Interests
FAIR VALUE
Investments, at fair value	169,057	88,177
Parent Company | Total
FAIR VALUE
Investments, at fair value	170,324	89,438
Derivative assets, at fair value	7,623	1,164
Assets, at fair value	177,947	90,602
Derivative liabilities, at fair value	-2,850	-2,907
Parent Company | Total | Forward foreign currency contracts
FAIR VALUE
Derivative assets, at fair value	5,721	247
Derivative liabilities, at fair value	-2,003	-1,653
Parent Company | Total | Purchased option contracts
FAIR VALUE
Derivative assets, at fair value	1,902	917
Parent Company | Total | Interest rate contracts
FAIR VALUE
Derivative liabilities, at fair value	-847	-1,254
Parent Company | Total | Common Stock.
FAIR VALUE
Investments, at fair value	89	89
Parent Company | Total | Corporate Bonds
FAIR VALUE
Investments, at fair value	1,178	1,172
Parent Company | Total | Private Investment Partnership Interests
FAIR VALUE
Investments, at fair value	169,057	88,177
Consolidated Funds
FAIR VALUE
Investments, at fair value	19,123,950	20,823,338
Derivative assets, at fair value	3,126	14,625
Derivative liabilities, at fair value	-42,332	-75,115
Securities sold short, at fair value	-3,763	-1,633
Consolidated Funds | Interest rate contracts
FAIR VALUE
Derivative assets, at fair value	0	8
Derivative liabilities, at fair value	-21	-3,878
Consolidated Funds | Credit contracts
FAIR VALUE
Derivative assets, at fair value		4,489
Derivative liabilities, at fair value	-13,265	-28,385
Consolidated Funds | Equity contracts
FAIR VALUE
Derivative assets, at fair value		179
Consolidated Funds | Foreign exchange contracts
FAIR VALUE
Derivative assets, at fair value	2,070	8,653
Derivative liabilities, at fair value	-9,991	-38,631
Consolidated Funds | Other financial instruments
FAIR VALUE
Derivative assets, at fair value	1,056	1,296
Derivative liabilities, at fair value	-19,055	-4,221
Consolidated Funds | Loan obligations of CLOS | Ares Enhanced Loan Investment Strategy II, Ltd
FAIR VALUE
Debt carried at cost	151	239,201
Consolidated Funds | Level I
FAIR VALUE
Investments, at fair value	590,095	166,535
Assets, at fair value	590,095	166,535
Consolidated Funds | Level I | Common Stock.
FAIR VALUE
Investments, at fair value	590,095	166,535
Consolidated Funds | Level II
FAIR VALUE
Investments, at fair value	12,939,728	14,028,045
Derivative assets, at fair value	3,126	11,490
Assets, at fair value	12,942,854	14,039,535
Derivative liabilities, at fair value	-20,190	-68,260
Securities sold short, at fair value	-3,763	-1,633
Liabilities, at fair value	-23,953	-69,893
Consolidated Funds | Level II | Forward foreign currency contracts
FAIR VALUE
Derivative liabilities, at fair value	-6,906	-38,594
Consolidated Funds | Level II | Written options
FAIR VALUE
Derivative liabilities, at fair value		-34
Consolidated Funds | Level II | Interest rate contracts
FAIR VALUE
Derivative assets, at fair value		8
Consolidated Funds | Level II | Credit contracts
FAIR VALUE
Derivative assets, at fair value		2,651
Derivative liabilities, at fair value	-13,263	-25,754
Consolidated Funds | Level II | Equity contracts
FAIR VALUE
Derivative assets, at fair value		179
Consolidated Funds | Level II | Foreign exchange contracts
FAIR VALUE
Derivative assets, at fair value	2,070	8,652
Consolidated Funds | Level II | Interest rate swaps
FAIR VALUE
Derivative liabilities, at fair value	-21	-3,703
Consolidated Funds | Level II | Other financial instruments
FAIR VALUE
Derivative assets, at fair value	1,056
Derivative liabilities, at fair value		-175
Consolidated Funds | Level II | Common Stock.
FAIR VALUE
Investments, at fair value	513,771	482,568
Consolidated Funds | Level II | Corporate Bonds
FAIR VALUE
Investments, at fair value	1,113,103	1,576,942
Consolidated Funds | Level II | Loans
FAIR VALUE
Investments, at fair value	11,312,518	11,868,584
Consolidated Funds | Level II | Collateralized loan obligation
FAIR VALUE
Investments, at fair value		65,405
Consolidated Funds | Level II | Other
FAIR VALUE
Investments, at fair value	336	34,546
Consolidated Funds | Level III
FAIR VALUE
Investments, at fair value	5,594,127	6,628,758
Derivative assets, at fair value		3,135
Assets, at fair value	5,594,127	6,631,893
Derivative liabilities, at fair value	-22,142	-6,855
Liabilities, at fair value	-12,071,161	-11,541,811
Consolidated Funds | Level III | Forward foreign currency contracts
FAIR VALUE
Derivative liabilities, at fair value		-899
Consolidated Funds | Level III | Credit contracts
FAIR VALUE
Derivative liabilities, at fair value		-1,633
Consolidated Funds | Level III | Interest rate swaps
FAIR VALUE
Derivative liabilities, at fair value		-371
Consolidated Funds | Level III | Other financial instruments
FAIR VALUE
Derivative assets, at fair value		3,135
Derivative liabilities, at fair value	-22,142	-3,952
Consolidated Funds | Level III | Loan obligations of CLOS
FAIR VALUE
Loan obligations of debt	-12,049,019	-11,534,956
Consolidated Funds | Level III | Common Stock.
FAIR VALUE
Investments, at fair value	3,263,311	2,958,232
Consolidated Funds | Level III | Corporate Bonds
FAIR VALUE
Investments, at fair value	565,634	2,052,984
Consolidated Funds | Level III | Private Investment Partnership Interests
FAIR VALUE
Investments, at fair value	137,272	41,001
Consolidated Funds | Level III | Loans
FAIR VALUE
Investments, at fair value	1,070,494	1,058,635
Consolidated Funds | Level III | Collateralized loan obligation
FAIR VALUE
Investments, at fair value	556,267	515,534
Consolidated Funds | Level III | Other
FAIR VALUE
Investments, at fair value	1,149	2,372
Consolidated Funds | Total
FAIR VALUE
Investments, at fair value	19,123,950	20,823,338
Derivative assets, at fair value	3,126	14,625
Assets, at fair value	19,127,076	20,837,963
Derivative liabilities, at fair value	-42,332	-75,115
Securities sold short, at fair value	-3,763	-1,633
Liabilities, at fair value	-12,095,114	-11,611,704
Consolidated Funds | Total | Forward foreign currency contracts
FAIR VALUE
Derivative liabilities, at fair value	-6,906	-39,493
Consolidated Funds | Total | Written options
FAIR VALUE
Derivative liabilities, at fair value		-34
Consolidated Funds | Total | Interest rate contracts
FAIR VALUE
Derivative assets, at fair value		8
Consolidated Funds | Total | Credit contracts
FAIR VALUE
Derivative assets, at fair value		2,651
Derivative liabilities, at fair value	-13,263	-27,387
Consolidated Funds | Total | Equity contracts
FAIR VALUE
Derivative assets, at fair value		179
Consolidated Funds | Total | Foreign exchange contracts
FAIR VALUE
Derivative assets, at fair value	2,070	8,652
Consolidated Funds | Total | Interest rate swaps
FAIR VALUE
Derivative liabilities, at fair value	-21	-4,074
Consolidated Funds | Total | Other financial instruments
FAIR VALUE
Derivative assets, at fair value	1,056	3,135
Derivative liabilities, at fair value	-22,142	-4,127
Consolidated Funds | Total | Loan obligations of CLOS
FAIR VALUE
Loan obligations of debt	-12,049,019	-11,534,956
Consolidated Funds | Total | Common Stock.
FAIR VALUE
Investments, at fair value	4,367,177	3,607,335
Consolidated Funds | Total | Corporate Bonds
FAIR VALUE
Investments, at fair value	1,678,737	3,629,926
Consolidated Funds | Total | Private Investment Partnership Interests
FAIR VALUE
Investments, at fair value	137,272	41,001
Consolidated Funds | Total | Loans
FAIR VALUE
Investments, at fair value	12,383,012	12,927,219
Consolidated Funds | Total | Collateralized loan obligation
FAIR VALUE
Investments, at fair value	556,267	580,939
Consolidated Funds | Total | Other
FAIR VALUE
Investments, at fair value	1,485	$36,918

FAIR_VALUE_Details_2

FAIR VALUE (Details 2) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Changes in the fair value of the Level III investments
Transfers from Level I to Level II	$15,400,000
Transfers from Level II to Level I due to removal of restrictions	13,700,000
Transfers from Level II to Level I due to change in qualitative valuation method	3,300,000
Parent Company
Changes in the fair value of the Level III investments
Balance, beginning of period		22,865,000
Transfer out		-1,170,000
Purchases		51,329,000
Sales		-2,447,000
Realized and unrealized appreciation, (depreciation), net		17,600,000
Balance, end of period		88,177,000
Changes in unrealized appreciation (depreciation) included in earnings related to financial assets still held at the reporting date		16,816,000
Parent Company | Fixed income asset
Changes in the fair value of the Level III investments
Balance, beginning of period		1,170,000
Transfer out		-1,170,000
Parent Company | Private Investment Partnership Interests
Changes in the fair value of the Level III investments
Balance, beginning of period	88,177,000	21,695,000
Investment in deconsolidated fund(3)	-9,951,000
Transfer in	8,326,000
Purchases	-91,646,000	51,329,000
Sales	-74,964,000	-2,447,000
Realized and unrealized appreciation, (depreciation), net	45,921,000	17,600,000
Balance, end of period	169,057,000	88,177,000
Changes in unrealized appreciation (depreciation) included in earnings related to financial assets still held at the reporting date	15,448,000	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
Deconsolidation of funds	370,245,000
Initial consolidation of new funds		29,570,000
Transfer in	334,015,000	311,721,000
Transfer out	-536,153,000	-302,336,000
Purchases	1,136,417,000	1,904,943,000
Sales	-1,738,188,000	-1,773,228,000
Accrued discounts/premiums	29,000,000	27,237,000
Realized and unrealized appreciation, (depreciation), net	92,101,000	517,163,000
Balance, end of period	5,571,985,000	6,625,038,000
Changes in unrealized appreciation (depreciation) included in earnings related to financial assets still held at the reporting date	225,620,000	388,031,000
Consolidated Funds | Common Stock.
Changes in the fair value of the Level III investments
Balance, beginning of period	2,958,232,000	1,978,138,000
Deconsolidation of funds	140,000
Transfer in		74,438,000
Transfer out	-226,897,000	-52,573,000
Purchases	544,994,000	555,589,000
Sales	-240,596,000	-43,695,000
Accrued discounts/premiums	12,370,000
Realized and unrealized appreciation, (depreciation), net	215,348,000	446,335,000
Balance, end of period	3,263,311,000	2,958,232,000
Changes in unrealized appreciation (depreciation) included in earnings related to financial assets still held at the reporting date	284,280,000	417,659,000
Consolidated Funds | Fixed income asset
Changes in the fair value of the Level III investments
Balance, beginning of period	3,627,153,000	3,920,451,000
Deconsolidation of funds	378,397,000
Initial consolidation of new funds		29,570,000
Transfer in	334,015,000	237,312,000
Transfer out	-300,930,000	-249,763,000
Purchases	503,948,000	1,313,850,000
Sales	-1,492,608,000	-1,704,939,000
Accrued discounts/premiums	16,630,000	27,149,000
Realized and unrealized appreciation, (depreciation), net	-117,416,000	53,523,000
Balance, end of period	2,192,395,000	3,627,153,000
Changes in unrealized appreciation (depreciation) included in earnings related to financial assets still held at the reporting date	-48,456,000	-26,038,000
Consolidated Funds | Private Investment Partnership Interests
Changes in the fair value of the Level III investments
Balance, beginning of period	41,001,000	6,177,000
Deconsolidation of funds	-8,292,000
Transfer out	-8,326,000
Purchases	87,221,000	34,369,000
Sales	-1,251,000	-851,000
Realized and unrealized appreciation, (depreciation), net	10,335,000	1,306,000
Balance, end of period	137,272,000	41,001,000
Changes in unrealized appreciation (depreciation) included in earnings related to financial assets still held at the reporting date	9,657,000	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
Transfer in		-29,000
Purchases	254,000	1,135,000
Sales	-3,733,000	-23,743,000
Accrued discounts/premiums		88,000
Realized and unrealized appreciation, (depreciation), net	-16,166,000	15,999,000
Balance, end of period	-20,993,000	-1,348,000
Changes in unrealized appreciation (depreciation) included in earnings related to financial assets still held at the reporting date	($19,861,000)	($4,896,000)

FAIR_VALUE_Details_3

FAIR VALUE (Details 3) (Collateralized loan obligation, USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Collateralized loan obligation
Changes in the fair value of the Level III investments for loan obligations
Balance, beginning of period	$11,534,956	$9,422,570
Borrowings	2,964,522	2,757,493
Paydowns	-1,825,322	-934,620
Realized and unrealized gains, net	-625,137	289,513
Balance, end of period	$12,049,019	$11,534,956

FAIR_VALUE_Details_4

FAIR VALUE (Details 4) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Parent Company
Unobservable Input
Period within which securities are purchased or restructured	6 months	6 months
Parent Company | Level III
FAIR VALUE
Assets, at fair value	169,057	88,177
Parent Company | Level III | Private Investment Partnership Interests | NAV
FAIR VALUE
Assets, at fair value	123,709	66,331
Parent Company | Level III | Private Investment Partnership Interests | Recent transaction price
FAIR VALUE
Assets, at fair value	45,348	21,846
Consolidated Funds
Unobservable Input
Period within which securities are purchased or restructured	6 months	6 months
Consolidated Funds | Level III
FAIR VALUE
Assets, at fair value	5,594,127	6,631,893
Liabilities, at fair value	12,071,161	11,541,811
Consolidated Funds | Level III | Fixed income liability
FAIR VALUE
Liabilities, at fair value	17,079
Consolidated Funds | Level III | Fixed income liability | Minimum
Unobservable Input
Discount rate (as a percent)	300.00%
Consolidated Funds | Level III | Fixed income liability | Maximum
Unobservable Input
Discount rate (as a percent)	800.00%
Consolidated Funds | Level III | Fixed income liability | Weighted Average
Unobservable Input
Discount rate (as a percent)	482.50%
Consolidated Funds | Level III | Fixed income liability | Broker quotes and/or 3rd party pricing services
FAIR VALUE
Liabilities, at fair value	11,273,923	11,439,512
Consolidated Funds | Level III | Fixed income liability | Broker quotes and/or 3rd party pricing services, one
FAIR VALUE
Liabilities, at fair value	22,142
Consolidated Funds | Level III | Fixed income liability | Discounted cash flow, Discount rate
FAIR VALUE
Liabilities, at fair value	258,096	41,920
Unobservable Input
Discount rate (as a percent)		10.70%
Consolidated Funds | Level III | Fixed income liability | Discounted cash flow, Discount rate | Weighted Average
Unobservable Input
Discount rate (as a percent)		10.70%
Consolidated Funds | Level III | Fixed income liability | Discounted cash flow Default rate, Discount rate, Prepayment rate, Recovery rate
Unobservable Input
Discount rate (as a percent)	11.50%
Consolidated Funds | Level III | Fixed income liability | Discounted cash flow Default rate, Discount rate, Prepayment rate, Recovery rate | Minimum
Unobservable Input
Default rate (as a percent)	2.00%
Recovery rate (as a percent)	10.00%
Consolidated Funds | Level III | Fixed income liability | Discounted cash flow Default rate, Discount rate, Prepayment rate, Recovery rate | Maximum
Unobservable Input
Default rate (as a percent)	10.00%
Prepayment rate (as a percent)	50.00%
Recovery rate (as a percent)	80.00%
Consolidated Funds | Level III | Fixed income liability | Discounted cash flow Default rate, Discount rate, Prepayment rate, Recovery rate | Weighted Average
Unobservable Input
Default rate (as a percent)	2.10%
Discount rate (as a percent)	11.50%
Prepayment rate (as a percent)	20.40%
Recovery rate (as a percent)	74.60%
Consolidated Funds | Level III | Fixed income liability | Discounted cash flow Default rate, Discount rate, Prepayment rate, Recovery rate (2) | Minimum
Unobservable Input
Default rate (as a percent)	2.00%
Recovery rate (as a percent)	10.00%
Consolidated Funds | Level III | Fixed income liability | Discounted cash flow Default rate, Discount rate, Prepayment rate, Recovery rate (2) | Maximum
Unobservable Input
Default rate (as a percent)	10.00%
Prepayment rate (as a percent)	50.00%
Recovery rate (as a percent)	80.00%
Consolidated Funds | Level III | Fixed income liability | Discounted cash flow Default rate, Discount rate, Prepayment rate, Recovery rate (2) | Weighted Average
Unobservable Input
Default rate (as a percent)	2.00%
Prepayment rate (as a percent)	23.00%
Recovery rate (as a percent)	75.00%
Consolidated Funds | Level III | Fixed income liability | Market approach (other)
FAIR VALUE
Liabilities, at fair value	616	53,524
Consolidated Funds | Level III | Fixed income liability | Recent transaction price
FAIR VALUE
Liabilities, at fair value	499,305
Consolidated Funds | Level III | Derivatives liabilities of Consolidated Funds | Broker quotes and/or 3rd party pricing services
FAIR VALUE
Liabilities, at fair value		6,855
Consolidated Funds | Level III | Common Stock. | Consumer discretionary | Broker quotes and/or 3rd party pricing services
FAIR VALUE
Assets, at fair value		13,044
Consolidated Funds | Level III | Common Stock. | Consumer discretionary | EV market multiple analysis
FAIR VALUE
Assets, at fair value	2,940	6,146
Unobservable Input
EBITDA multiple	9.4
Consolidated Funds | Level III | Common Stock. | Consumer discretionary | EV market multiple analysis | Minimum
Unobservable Input
EBITDA multiple		6.2
Consolidated Funds | Level III | Common Stock. | Consumer discretionary | EV market multiple analysis | Maximum
Unobservable Input
EBITDA multiple		18
Consolidated Funds | Level III | Common Stock. | Consumer discretionary | EV market multiple analysis | Weighted Average
Unobservable Input
EBITDA multiple	9.4	9.3
Consolidated Funds | Level III | Common Stock. | Consumer discretionary | Market approach (comparable companies), Book value multiple
FAIR VALUE
Assets, at fair value	208,498	246,227
Consolidated Funds | Level III | Common Stock. | Consumer discretionary | Market approach (comparable companies), Book value multiple | Minimum
Unobservable Input
Book value multiple	1.7	1.5
Consolidated Funds | Level III | Common Stock. | Consumer discretionary | Market approach (comparable companies), Book value multiple | Maximum
Unobservable Input
Book value multiple	2	1.8
Consolidated Funds | Level III | Common Stock. | Consumer discretionary | Market approach (comparable companies), Book value multiple | Weighted Average
Unobservable Input
Book value multiple	1.9	1.6
Consolidated Funds | Level III | Common Stock. | Consumer discretionary | Market approach (comparable companies), EBITDA multiple
FAIR VALUE
Assets, at fair value	2,121,864	1,162,641
Consolidated Funds | Level III | Common Stock. | Consumer discretionary | Market approach (comparable companies), EBITDA multiple | Minimum
Unobservable Input
EBITDA multiple	7	7.5
Consolidated Funds | Level III | Common Stock. | Consumer discretionary | Market approach (comparable companies), EBITDA multiple | Maximum
Unobservable Input
EBITDA multiple	15	15
Consolidated Funds | Level III | Common Stock. | Consumer discretionary | Market approach (comparable companies), EBITDA multiple | Weighted Average
Unobservable Input
EBITDA multiple	10.7	10.6
Consolidated Funds | Level III | Common Stock. | Consumer discretionary | Market approach (comparable companies),Net income multiple
FAIR VALUE
Assets, at fair value		42,080
Unobservable Input
Net income multiple		9.6
Consolidated Funds | Level III | Common Stock. | Consumer discretionary | Market approach (comparable companies),Net income multiple | Weighted Average
Unobservable Input
Net income multiple		9.6
Consolidated Funds | Level III | Common Stock. | 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 | Level III | Common Stock. | Consumer discretionary | Market approach (comparable companies), Yield to worst | Weighted Average
Unobservable Input
Yield to worst (as a percent)		5.00%
Consolidated Funds | Level III | Common Stock. | Consumer discretionary | Market approach (other)
FAIR VALUE
Assets, at fair value		1,557
Consolidated Funds | Level III | Common Stock. | Consumer discretionary | Other
FAIR VALUE
Assets, at fair value		1,729
Consolidated Funds | Level III | Common Stock. | Consumer discretionary | Other, Volume weighted average price
FAIR VALUE
Assets, at fair value		8,466
Unobservable Input
Volume weighted average price		25.2
Consolidated Funds | Level III | Common Stock. | Consumer discretionary | Other, Volume weighted average price | Weighted Average
Unobservable Input
Volume weighted average price		25.2
Consolidated Funds | Level III | Common Stock. | Consumer discretionary | Other, Future distribution estimates
FAIR VALUE
Assets, at fair value	979
Unobservable Input
Future distribution estimate	18.7
Consolidated Funds | Level III | Common Stock. | Consumer discretionary | Other, Future distribution estimates | Weighted Average
Unobservable Input
Future distribution estimate	18.7
Consolidated Funds | Level III | Common Stock. | Consumer discretionary | Other, Illiquidity discount
FAIR VALUE
Assets, at fair value	5,140	1,418
Unobservable Input
Volume weighted average price		25.2
Illiquidity discount (as a percent)	15.00%	15.00%
Consolidated Funds | Level III | Common Stock. | Consumer discretionary | Other, Illiquidity discount | Weighted Average
Unobservable Input
Volume weighted average price		25.2
Illiquidity discount (as a percent)	15.00%	15.00%
Consolidated Funds | Level III | Common Stock. | Consumer discretionary | Recent transaction price
FAIR VALUE
Assets, at fair value		505,270
Consolidated Funds | Level III | Common Stock. | Consumer staples | EV market multiple analysis
FAIR VALUE
Assets, at fair value	862	668
Unobservable Input
EBITDA multiple	7.9	7.9
Consolidated Funds | Level III | Common Stock. | Consumer staples | EV market multiple analysis | Weighted Average
Unobservable Input
EBITDA multiple	7.9	7.9
Consolidated Funds | Level III | Common Stock. | Consumer staples | Market approach (comparable companies), EBITDA multiple
FAIR VALUE
Assets, at fair value	10,349	201,059
Unobservable Input
EBITDA multiple	7
Consolidated Funds | Level III | Common Stock. | Consumer staples | Market approach (comparable companies), EBITDA multiple | Minimum
Unobservable Input
EBITDA multiple		6
Consolidated Funds | Level III | Common Stock. | Consumer staples | Market approach (comparable companies), EBITDA multiple | Maximum
Unobservable Input
EBITDA multiple		8.5
Consolidated Funds | Level III | Common Stock. | Consumer staples | Market approach (comparable companies), EBITDA multiple | Weighted Average
Unobservable Input
EBITDA multiple	7	7.5
Consolidated Funds | Level III | Common Stock. | Consumer staples | Market approach (comparable companies),Net income multiple
FAIR VALUE
Assets, at fair value	44,553
Unobservable Input
Net income multiple	11
Consolidated Funds | Level III | Common Stock. | Consumer staples | Market approach (comparable companies),Net income multiple | Weighted Average
Unobservable Input
Net income multiple	11
Consolidated Funds | Level III | Common Stock. | Consumer staples | Recent transaction price
FAIR VALUE
Assets, at fair value		25,000
Consolidated Funds | Level III | Common Stock. | Energy | Discounted cash flow, Discount rate
Unobservable Input
Discount rate (as a percent)	9.00%
Consolidated Funds | Level III | Common Stock. | Energy | Discounted cash flow, Discount rate | Weighted Average
Unobservable Input
Discount rate (as a percent)	9.00%
Consolidated Funds | Level III | Common Stock. | Energy | Market approach (comparable companies), EBITDA multiple
FAIR VALUE
Assets, at fair value		119,344
Consolidated Funds | Level III | Common Stock. | Energy | Market approach (comparable companies), EBITDA multiple | Minimum
Unobservable Input
EBITDA multiple		1
Consolidated Funds | Level III | Common Stock. | Energy | Market approach (comparable companies), EBITDA multiple | Maximum
Unobservable Input
EBITDA multiple		1.4
Consolidated Funds | Level III | Common Stock. | Energy | Market approach (comparable companies), EBITDA multiple | Weighted Average
Unobservable Input
EBITDA multiple		1.2
Consolidated Funds | Level III | Common Stock. | Energy | Other
FAIR VALUE
Assets, at fair value		58,987
Consolidated Funds | Level III | Common Stock. | Energy | Discounted cash flow
FAIR VALUE
Assets, at fair value	136,045
Unobservable Input
EBITDA multiple	7.5
Consolidated Funds | Level III | Common Stock. | Energy | Discounted cash flow | Weighted Average
Unobservable Input
EBITDA multiple	7.5
Consolidated Funds | Level III | Common Stock. | Financials | EV market multiple analysis
FAIR VALUE
Assets, at fair value	8,272	6,172
Unobservable Input
EBITDA multiple	10.5	10.5
Consolidated Funds | Level III | Common Stock. | Financials | EV market multiple analysis | Weighted Average
Unobservable Input
EBITDA multiple	10.5	10.5
Consolidated Funds | Level III | Common Stock. | Healthcare, education and childcare | EV market multiple analysis
FAIR VALUE
Assets, at fair value	27,774	28,607
Consolidated Funds | Level III | Common Stock. | Healthcare, education and childcare | EV market multiple analysis | Minimum
Unobservable Input
EBITDA multiple	1.6	7.8
Consolidated Funds | Level III | Common Stock. | Healthcare, education and childcare | EV market multiple analysis | Maximum
Unobservable Input
EBITDA multiple	7.1	43.7
Consolidated Funds | Level III | Common Stock. | Healthcare, education and childcare | EV market multiple analysis | Weighted Average
Unobservable Input
EBITDA multiple	5.4	10.9
Consolidated Funds | Level III | Common Stock. | Healthcare, education and childcare | Market approach (comparable companies), EBITDA multiple
FAIR VALUE
Assets, at fair value	463,075	296,817
Consolidated Funds | Level III | Common Stock. | Healthcare, education and childcare | Market approach (comparable companies), EBITDA multiple | Minimum
Unobservable Input
EBITDA multiple	8	8
Consolidated Funds | Level III | Common Stock. | Healthcare, education and childcare | Market approach (comparable companies), EBITDA multiple | Maximum
Unobservable Input
EBITDA multiple	13	12
Consolidated Funds | Level III | Common Stock. | Healthcare, education and childcare | Market approach (comparable companies), EBITDA multiple | Weighted Average
Unobservable Input
EBITDA multiple	11.2	10.5
Consolidated Funds | Level III | Common Stock. | Healthcare, education and childcare | Market approach (comparable companies),Net income multiple
FAIR VALUE
Assets, at fair value	33,610	23,493
Unobservable Input
Net income multiple	35
Consolidated Funds | Level III | Common Stock. | Healthcare, education and childcare | Market approach (comparable companies),Net income multiple | Minimum
Unobservable Input
Net income multiple		20
Consolidated Funds | Level III | Common Stock. | Healthcare, education and childcare | Market approach (comparable companies),Net income multiple | Maximum
Unobservable Input
Net income multiple		25
Consolidated Funds | Level III | Common Stock. | Healthcare, education and childcare | Market approach (comparable companies),Net income multiple | Weighted Average
Unobservable Input
Net income multiple	35	22.5
Consolidated Funds | Level III | Common Stock. | Industrials | Broker quotes and/or 3rd party pricing services
FAIR VALUE
Assets, at fair value		8,595
Consolidated Funds | Level III | Common Stock. | Industrials | Market approach (comparable companies), EBITDA multiple
FAIR VALUE
Assets, at fair value	128,182	130,478
Consolidated Funds | Level III | Common Stock. | Industrials | Market approach (comparable companies), EBITDA multiple | Minimum
Unobservable Input
EBITDA multiple	8	8
Consolidated Funds | Level III | Common Stock. | Industrials | Market approach (comparable companies), EBITDA multiple | Maximum
Unobservable Input
EBITDA multiple	12	14.5
Consolidated Funds | Level III | Common Stock. | Industrials | Market approach (comparable companies), EBITDA multiple | Weighted Average
Unobservable Input
EBITDA multiple	9.8	10.3
Consolidated Funds | Level III | Common Stock. | Industrials | Recent transaction price
FAIR VALUE
Assets, at fair value	76
Consolidated Funds | Level III | Common Stock. | Materials | EV market multiple analysis
FAIR VALUE
Assets, at fair value		773
Unobservable Input
EBITDA multiple		6
Consolidated Funds | Level III | Common Stock. | Materials | EV market multiple analysis | Weighted Average
Unobservable Input
EBITDA multiple		6
Consolidated Funds | Level III | Common Stock. | Materials | Market approach (comparable companies),Net income multiple
FAIR VALUE
Assets, at fair value	52,947	52,947
Unobservable Input
Net income multiple	9
Consolidated Funds | Level III | Common Stock. | Materials | Market approach (comparable companies),Net income multiple | Minimum
Unobservable Input
Net income multiple		8
Consolidated Funds | Level III | Common Stock. | Materials | Market approach (comparable companies),Net income multiple | Maximum
Unobservable Input
Net income multiple		10
Consolidated Funds | Level III | Common Stock. | Materials | Market approach (comparable companies),Net income multiple | Weighted Average
Unobservable Input
Net income multiple	9	9
Consolidated Funds | Level III | Common Stock. | Telecommunication services | Broker quotes and/or 3rd party pricing services
FAIR VALUE
Assets, at fair value	331	957
Consolidated Funds | Level III | Common Stock. | Telecommunication services | EV market multiple analysis
FAIR VALUE
Assets, at fair value	533	566
Unobservable Input
EBITDA multiple	10	6.9
Consolidated Funds | Level III | Common Stock. | Telecommunication services | EV market multiple analysis | Weighted Average
Unobservable Input
EBITDA multiple	10	6.9
Consolidated Funds | Level III | Common Stock. | Utilities | Broker quotes and/or 3rd party pricing services
FAIR VALUE
Assets, at fair value	17,281	14,077
Consolidated Funds | Level III | Fixed income asset | Consumer discretionary | Broker quotes and/or 3rd party pricing services
FAIR VALUE
Assets, at fair value	256,994	287,572
Consolidated Funds | Level III | Fixed income asset | Consumer discretionary | EV market multiple analysis
FAIR VALUE
Assets, at fair value	18,205	18,383
Consolidated Funds | Level III | Fixed income asset | Consumer discretionary | EV market multiple analysis | Minimum
Unobservable Input
EBITDA multiple	9	6.2
Consolidated Funds | Level III | Fixed income asset | Consumer discretionary | EV market multiple analysis | Maximum
Unobservable Input
EBITDA multiple	11	18
Consolidated Funds | Level III | Fixed income asset | Consumer discretionary | EV market multiple analysis | Weighted Average
Unobservable Input
EBITDA multiple	9.3	8
Consolidated Funds | Level III | Fixed income asset | Consumer discretionary | Discounted cash flow, Yield to maturity
FAIR VALUE
Assets, at fair value		394,891
Consolidated Funds | Level III | Fixed income asset | Consumer discretionary | Discounted cash flow, Yield to maturity | Minimum
Unobservable Input
Yield to maturity (as a percent)		7.00%
Consolidated Funds | Level III | Fixed income asset | Consumer discretionary | Discounted cash flow, Yield to maturity | Maximum
Unobservable Input
Yield to maturity (as a percent)		10.00%
Consolidated Funds | Level III | Fixed income asset | Consumer discretionary | Discounted cash flow, Yield to maturity | Weighted Average
Unobservable Input
Yield to maturity (as a percent)		8.50%
Consolidated Funds | Level III | Fixed income asset | Consumer discretionary | Income approach (other), Yield to worst
FAIR VALUE
Assets, at fair value		5,366
Consolidated Funds | Level III | Fixed income asset | Consumer discretionary | Income approach (other), Yield to worst | Minimum
Unobservable Input
Yield to worst (as a percent)		4.80%
Consolidated Funds | Level III | Fixed income asset | Consumer discretionary | Income approach (other), Yield to worst | Maximum
Unobservable Input
Yield to worst (as a percent)		5.80%
Consolidated Funds | Level III | Fixed income asset | Consumer discretionary | Income approach (other), Yield to worst | Weighted Average
Unobservable Input
Yield to worst (as a percent)		5.30%
Consolidated Funds | Level III | Fixed income asset | Consumer discretionary | Income approach (other), Yield
FAIR VALUE
Assets, at fair value	69,418	628,002
Consolidated Funds | Level III | Fixed income asset | Consumer discretionary | Income approach (other), Yield | Minimum
Unobservable Input
Yield (as a percent)	2.50%	2.50%
Consolidated Funds | Level III | Fixed income asset | Consumer discretionary | Income approach (other), Yield | Maximum
Unobservable Input
Yield (as a percent)	18.70%	17.90%
Consolidated Funds | Level III | Fixed income asset | Consumer discretionary | Income approach (other), Yield | Weighted Average
Unobservable Input
Yield (as a percent)	12.80%	9.30%
Consolidated Funds | Level III | Fixed income asset | Consumer discretionary | Market approach (comparable companies), Book value multiple
FAIR VALUE
Assets, at fair value	120,658	113,305
Consolidated Funds | Level III | Fixed income asset | Consumer discretionary | Market approach (comparable companies), Book value multiple | Minimum
Unobservable Input
Book value multiple	1.7	1.5
Consolidated Funds | Level III | Fixed income asset | Consumer discretionary | Market approach (comparable companies), Book value multiple | Maximum
Unobservable Input
Book value multiple	2	1.8
Consolidated Funds | Level III | Fixed income asset | Consumer discretionary | Market approach (comparable companies), Book value multiple | Weighted Average
Unobservable Input
Book value multiple	1.9	1.6
Consolidated Funds | Level III | Fixed income asset | Consumer discretionary | Market approach (comparable companies), EBITDA multiple
FAIR VALUE
Assets, at fair value	15,400	406,854
Unobservable Input
EBITDA multiple	7.5
Consolidated Funds | Level III | Fixed income asset | Consumer discretionary | Market approach (comparable companies), EBITDA multiple | Minimum
Unobservable Input
EBITDA multiple		8
Consolidated Funds | Level III | Fixed income asset | Consumer discretionary | Market approach (comparable companies), EBITDA multiple | Maximum
Unobservable Input
EBITDA multiple		10.5
Consolidated Funds | Level III | Fixed income asset | Consumer discretionary | Market approach (comparable companies), EBITDA multiple | Weighted Average
Unobservable Input
EBITDA multiple	7.5	9.2
Consolidated Funds | Level III | Fixed income asset | Consumer discretionary | Recent transaction price
FAIR VALUE
Assets, at fair value	5,923	9,730
Consolidated Funds | Level III | Fixed income asset | Consumer staples | Broker quotes and/or 3rd party pricing services, one
FAIR VALUE
Assets, at fair value	28,965
Consolidated Funds | Level III | Fixed income asset | Consumer staples | Discounted cash flow, Other
FAIR VALUE
Assets, at fair value		469
Unobservable Input
Other (as a percent)		20.00%
Consolidated Funds | Level III | Fixed income asset | Consumer staples | Discounted cash flow, Other | Weighted Average
Unobservable Input
Other (as a percent)		20.00%
Consolidated Funds | Level III | Fixed income asset | Consumer staples | Discounted cash flow, Discount rate
FAIR VALUE
Assets, at fair value	540
Unobservable Input
Discount rate (as a percent)	20.00%
Consolidated Funds | Level III | Fixed income asset | Consumer staples | Discounted cash flow, Discount rate | Weighted Average
Unobservable Input
Discount rate (as a percent)	20.00%
Consolidated Funds | Level III | Fixed income asset | Consumer staples | Income approach (other), Yield
FAIR VALUE
Assets, at fair value		4,032
Unobservable Input
Yield (as a percent)		4.40%
Consolidated Funds | Level III | Fixed income asset | Consumer staples | Income approach (other), Yield | Weighted Average
Unobservable Input
Yield (as a percent)		4.40%
Consolidated Funds | Level III | Fixed income asset | Consumer staples | Market approach (comparable companies), EBITDA multiple
FAIR VALUE
Assets, at fair value	776
Unobservable Input
EBITDA multiple	6.5
Consolidated Funds | Level III | Fixed income asset | Consumer staples | Market approach (comparable companies), EBITDA multiple | Weighted Average
Unobservable Input
EBITDA multiple	6.5
Consolidated Funds | Level III | Fixed income asset | Energy | Broker quotes and/or 3rd party pricing services
FAIR VALUE
Assets, at fair value	33,687	112,362
Consolidated Funds | Level III | Fixed income asset | Energy | Recent transaction price
FAIR VALUE
Assets, at fair value		7,327
Consolidated Funds | Level III | Fixed income asset | Financials
Unobservable Input
Discount rate (as a percent)	13.30%
Consolidated Funds | Level III | Fixed income asset | Financials | Weighted Average
Unobservable Input
Discount rate (as a percent)	13.30%
Consolidated Funds | Level III | Fixed income asset | Financials | Broker quotes and/or 3rd party pricing services
FAIR VALUE
Assets, at fair value	470,417	561,569
Consolidated Funds | Level III | Fixed income asset | Financials | EV market multiple analysis
FAIR VALUE
Assets, at fair value		13,177
Unobservable Input
EBITDA multiple		2.4
Consolidated Funds | Level III | Fixed income asset | Financials | EV market multiple analysis | Weighted Average
Unobservable Input
EBITDA multiple		2.4
Consolidated Funds | Level III | Fixed income asset | Financials | Discounted cash flow, Weighted average collection rate
FAIR VALUE
Assets, at fair value		942
Consolidated Funds | Level III | Fixed income asset | Financials | Discounted cash flow, Discount rate
FAIR VALUE
Assets, at fair value	85,851
Unobservable Input
Discount rate (as a percent)	11.50%
Consolidated Funds | Level III | Fixed income asset | Financials | Discounted cash flow, Discount rate | Weighted Average
Unobservable Input
Discount rate (as a percent)	11.50%
Consolidated Funds | Level III | Fixed income asset | Financials | Discounted cash flow, Cumulative loss rate
FAIR VALUE
Assets, at fair value	8,551
Unobservable Input
Cumulative loss rate (as a percent)	10.00%
Consolidated Funds | Level III | Fixed income asset | Financials | Discounted cash flow, Cumulative loss rate | Weighted Average
Unobservable Input
Cumulative loss rate (as a percent)	10.00%
Consolidated Funds | Level III | Fixed income asset | Financials | Discounted cash flow Default rate, Discount rate, Prepayment rate, Recovery rate | Maximum
Unobservable Input
Prepayment rate (as a percent)	50.00%
Consolidated Funds | Level III | Fixed income asset | Financials | Discounted cash flow Default rate, Discount rate, Prepayment rate, Recovery rate | Weighted Average
Unobservable Input
Prepayment rate (as a percent)	21.50%
Consolidated Funds | Level III | Fixed income asset | Financials | Income approach (other), Yield
FAIR VALUE
Assets, at fair value	224,245	214,719
Consolidated Funds | Level III | Fixed income asset | Financials | Income approach (other), Yield | Minimum
Unobservable Input
Market yield (as a percent)		3.80%
Yield (as a percent)	9.50%
Consolidated Funds | Level III | Fixed income asset | Financials | Income approach (other), Yield | Maximum
Unobservable Input
Market yield (as a percent)		13.50%
Yield (as a percent)	11.50%
Consolidated Funds | Level III | Fixed income asset | Financials | Income approach (other), Yield | Weighted Average
Unobservable Input
Market yield (as a percent)		9.30%
Yield (as a percent)	10.50%
Consolidated Funds | Level III | Fixed income asset | Financials | Income approach (other), Cash flow % of book value
FAIR VALUE
Assets, at fair value	2,541
Unobservable Input
Cash flow % of book value (as a percent)	8.70%
Consolidated Funds | Level III | Fixed income asset | Financials | Income approach (other), Cash flow % of book value | Weighted Average
Unobservable Input
Cash flow % of book value (as a percent)	8.70%
Consolidated Funds | Level III | Fixed income asset | Financials | Recent transaction price
FAIR VALUE
Assets, at fair value	17,582
Consolidated Funds | Level III | Fixed income asset | Financials | Discounted cash flow | Minimum
Unobservable Input
Default rate (as a percent)	2.00%
Recovery rate (as a percent)	10.00%
Consolidated Funds | Level III | Fixed income asset | Financials | Discounted cash flow | Maximum
Unobservable Input
Default rate (as a percent)	10.00%
Recovery rate (as a percent)	80.00%
Consolidated Funds | Level III | Fixed income asset | Financials | Discounted cash flow | Weighted Average
Unobservable Input
Default rate (as a percent)	2.20%
Recovery rate (as a percent)	73.80%
Consolidated Funds | Level III | Fixed income asset | Healthcare, education and childcare | Broker quotes and/or 3rd party pricing services
FAIR VALUE
Assets, at fair value	168,371	100,868
Consolidated Funds | Level III | Fixed income asset | Healthcare, education and childcare | EV market multiple analysis
FAIR VALUE
Assets, at fair value	20,104	5,919
Consolidated Funds | Level III | Fixed income asset | Healthcare, education and childcare | EV market multiple analysis | Minimum
Unobservable Input
EBITDA multiple	1.6	7.8
Consolidated Funds | Level III | Fixed income asset | Healthcare, education and childcare | EV market multiple analysis | Maximum
Unobservable Input
EBITDA multiple	7.1	43.7
Consolidated Funds | Level III | Fixed income asset | Healthcare, education and childcare | EV market multiple analysis | Weighted Average
Unobservable Input
EBITDA multiple	5.6	10.9
Consolidated Funds | Level III | Fixed income asset | Healthcare, education and childcare | Income approach (other), Discount rate
FAIR VALUE
Assets, at fair value		3,916
Consolidated Funds | Level III | Fixed income asset | Healthcare, education and childcare | Income approach (other), Discount rate | Minimum
Unobservable Input
Discount rate (as a percent)		4.10%
Consolidated Funds | Level III | Fixed income asset | Healthcare, education and childcare | Income approach (other), Discount rate | Maximum
Unobservable Input
Discount rate (as a percent)		4.20%
Consolidated Funds | Level III | Fixed income asset | Healthcare, education and childcare | Income approach (other), Discount rate | Weighted Average
Unobservable Input
Discount rate (as a percent)		4.20%
Consolidated Funds | Level III | Fixed income asset | Healthcare, education and childcare | Income approach (other), Yield
FAIR VALUE
Assets, at fair value	25,549	146,983
Unobservable Input
Yield (as a percent)	6.00%
Consolidated Funds | Level III | Fixed income asset | Healthcare, education and childcare | Income approach (other), Yield | Minimum
Unobservable Input
Market yield (as a percent)		6.00%
Consolidated Funds | Level III | Fixed income asset | Healthcare, education and childcare | Income approach (other), Yield | Maximum
Unobservable Input
Market yield (as a percent)		10.00%
Consolidated Funds | Level III | Fixed income asset | Healthcare, education and childcare | Income approach (other), Yield | Weighted Average
Unobservable Input
Market yield (as a percent)		7.70%
Yield (as a percent)	6.00%
Consolidated Funds | Level III | Fixed income asset | Industrials | Broker quotes and/or 3rd party pricing services
FAIR VALUE
Assets, at fair value	196,725	89,817
Consolidated Funds | Level III | Fixed income asset | Industrials | Income approach (other), Yield
FAIR VALUE
Assets, at fair value	43,614	71,088
Consolidated Funds | Level III | Fixed income asset | Industrials | Income approach (other), Yield | Minimum
Unobservable Input
Yield (as a percent)	2.50%	4.40%
Consolidated Funds | Level III | Fixed income asset | Industrials | Income approach (other), Yield | Maximum
Unobservable Input
Yield (as a percent)	13.50%	5.80%
Consolidated Funds | Level III | Fixed income asset | Industrials | Income approach (other), Yield | Weighted Average
Unobservable Input
Yield (as a percent)	12.10%	4.60%
Consolidated Funds | Level III | Fixed income asset | Industrials | Market approach (comparable companies), EBITDA multiple
FAIR VALUE
Assets, at fair value	32,315	30,579
Consolidated Funds | Level III | Fixed income asset | Industrials | Market approach (comparable companies), EBITDA multiple | Minimum
Unobservable Input
EBITDA multiple	9	9.7
Consolidated Funds | Level III | Fixed income asset | Industrials | Market approach (comparable companies), EBITDA multiple | Maximum
Unobservable Input
EBITDA multiple	12	14.5
Consolidated Funds | Level III | Fixed income asset | Industrials | Market approach (comparable companies), EBITDA multiple | Weighted Average
Unobservable Input
EBITDA multiple	10.5	12.1
Consolidated Funds | Level III | Fixed income asset | Industrials | Market approach (comparable companies), Illiquidity discount
FAIR VALUE
Assets, at fair value		4,760
Consolidated Funds | Level III | Fixed income asset | Industrials | Market approach (comparable companies), Illiquidity discount | Minimum
Unobservable Input
Illiquidity premium (as a percent)		2.00%
Consolidated Funds | Level III | Fixed income asset | Industrials | Market approach (comparable companies), Illiquidity discount | Maximum
Unobservable Input
Illiquidity premium (as a percent)		2.50%
Consolidated Funds | Level III | Fixed income asset | Industrials | Market approach (comparable companies), Illiquidity discount | Weighted Average
Unobservable Input
Illiquidity premium (as a percent)		2.30%
Consolidated Funds | Level III | Fixed income asset | Information technology | Broker quotes and/or 3rd party pricing services
FAIR VALUE
Assets, at fair value	137,042	51,357
Consolidated Funds | Level III | Fixed income asset | Information technology | Income approach (other), Yield
FAIR VALUE
Assets, at fair value		38,317
Consolidated Funds | Level III | Fixed income asset | Information technology | Income approach (other), Yield | Minimum
Unobservable Input
Yield (as a percent)		5.30%
Consolidated Funds | Level III | Fixed income asset | Information technology | Income approach (other), Yield | Maximum
Unobservable Input
Yield (as a percent)		14.00%
Consolidated Funds | Level III | Fixed income asset | Information technology | Income approach (other), Yield | Weighted Average
Unobservable Input
Yield (as a percent)		11.50%
Consolidated Funds | Level III | Fixed income asset | Information technology | Recent transaction price
FAIR VALUE
Assets, at fair value		6,851
Consolidated Funds | Level III | Fixed income asset | Materials | Broker quotes and/or 3rd party pricing services
FAIR VALUE
Assets, at fair value	212,022	39,743
Consolidated Funds | Level III | Fixed income asset | Materials | Discounted cash flow, Discount rate
FAIR VALUE
Assets, at fair value		20,259
Unobservable Input
Discount rate (as a percent)		13.00%
Consolidated Funds | Level III | Fixed income asset | Materials | Discounted cash flow, Discount rate | Weighted Average
Unobservable Input
Discount rate (as a percent)		13.00%
Consolidated Funds | Level III | Fixed income asset | Materials | Income approach (other), Yield
FAIR VALUE
Assets, at fair value		54,714
Consolidated Funds | Level III | Fixed income asset | Materials | Market approach (comparable companies), EBITDA multiple
FAIR VALUE
Assets, at fair value		14,056
Consolidated Funds | Level III | Fixed income asset | Materials | Market approach (comparable companies), EBITDA multiple | Minimum
Unobservable Input
EBITDA multiple		6
Consolidated Funds | Level III | Fixed income asset | Materials | Market approach (comparable companies), EBITDA multiple | Maximum
Unobservable Input
EBITDA multiple		10
Consolidated Funds | Level III | Fixed income asset | Materials | Market approach (comparable companies), EBITDA multiple | Weighted Average
Unobservable Input
EBITDA multiple		9
Consolidated Funds | Level III | Fixed income asset | Materials | Yield analysis | Minimum
Unobservable Input
Market yield (as a percent)		6.00%
Consolidated Funds | Level III | Fixed income asset | Materials | Yield analysis | Maximum
Unobservable Input
Market yield (as a percent)		13.00%
Consolidated Funds | Level III | Fixed income asset | Materials | Yield analysis | Weighted Average
Unobservable Input
Market yield (as a percent)		7.70%
Consolidated Funds | Level III | Fixed income asset | Telecommunication services | Broker quotes and/or 3rd party pricing services
FAIR VALUE
Assets, at fair value	14,482	112,901
Consolidated Funds | Level III | Fixed income asset | Telecommunication services | Income approach (other), Yield
FAIR VALUE
Assets, at fair value		52,989
Unobservable Input
Yield (as a percent)		8.80%
Consolidated Funds | Level III | Fixed income asset | Telecommunication services | Income approach (other), Yield | Weighted Average
Unobservable Input
Yield (as a percent)		8.80%
Consolidated Funds | Level III | Fixed income asset | Utilities | Broker quotes and/or 3rd party pricing services
FAIR VALUE
Assets, at fair value		3,336
Consolidated Funds | Level III | Fixed income asset | Partnership and LLC interests | NAV
FAIR VALUE
Assets, at fair value	119,690	41,001
Consolidated Funds | Level III | Other. | Broker quotes and/or 3rd party pricing services
FAIR VALUE
Assets, at fair value		2,372
Consolidated Funds | Level III | Other. | Healthcare, education and childcare | Market approach (comparable companies), EBITDA multiple
FAIR VALUE
Assets, at fair value	1,084
Unobservable Input
EBITDA multiple	8.8
Consolidated Funds | Level III | Other. | Healthcare, education and childcare | Market approach (comparable companies), EBITDA multiple | Weighted Average
Unobservable Input
EBITDA multiple	8.8
Consolidated Funds | Level III | Other. | Industrials | Broker quotes and/or 3rd party pricing services
FAIR VALUE
Assets, at fair value	65
Consolidated Funds | Level III | Derivatives assets of Consolidated Funds | Broker quotes and/or 3rd party pricing services
FAIR VALUE
Assets, at fair value		3,135
Consolidated Funds | Private Equity Group
Unobservable Input
Liquidity discount percentage	30.00%

FAIR_VALUE_Details_5

FAIR VALUE (Details 5) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
FAIR VALUE
Fair Value	243,399	107,332
Unfunded Commitments	176,707	176,409
Direct Lending Group
FAIR VALUE
Fair Value	30,501	2,298
Unfunded Commitments	26,854	1,045
Real Estate Group
FAIR VALUE
Fair Value	49,178	34,520
Unfunded Commitments	45,239	9,734
Tradable Credit Group
FAIR VALUE
Fair Value	52,001	28,502
Unfunded Commitments	7,420	8,664
Tradable Credit Group | Alternative (multi strategy)
FAIR VALUE
Redemption restriction period	9 months	9 months
Private Equity Group
FAIR VALUE
Fair Value	111,719	42,012
Unfunded Commitments	97,194	156,966

LOANS_HELD_AS_INVESTMENTS_Deta

LOANS HELD AS INVESTMENTS (Details) (USD $)	6 Months Ended
	Dec. 31, 2014
Activity in loans held as investments
Loan acquisition and origination	$580,954,000
Allowance for loan losses	-1,185,000
Principal repayment	-502,255,000
Balance at acquisition	77,514,000
Changes in the allowance for loan losses
Increase in allowance for loan losses	1,185,000
Balance at the end of the period	1,185,000
Loan receivable balance
Loan receivables - unpaid principal balance	79,018,000
Unamortized loan origination fees	-196,000
Deferred interest on non-accrual loans	-123,000
Allowance for loan losses	-1,185,000
Loans and Leases Receivable, Net Amount, Total	77,514,000
Loan commitment amount to borrowers	255,100,000
undrawn loan commitment amount to borrowers	76,100,000
Carrying Value
LOANS HELD AS INVESTMENTS
Loans held for investments	77,514,000
Total
LOANS HELD AS INVESTMENTS
Loans held for investments	78,895,000
Level III
LOANS HELD AS INVESTMENTS
Loans held for investments	$78,895,000

DERIVATIVE_FINANCIAL_INSTRUMEN2

DERIVATIVE FINANCIAL INSTRUMENTS (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
	item
DERIVATIVE FINANCIAL INSTRUMENTS
Number of counterparties	2
Number of interest rates	2
Parent Company
Assets
Notional amount, Assets	161,890	$66,733
Fair Value, Assets	7,623	1,164
Fair Value, Warrants	170,324	89,438
Liabilities
Notional amount, Liabilities	352,231	326,419
Fair Value, Liabilities	2,850	2,907
Parent Company | Interest rate contracts
Liabilities
Notional amount, Liabilities	250,000	250,000
Fair Value, Liabilities	847	1,254
Parent Company | Foreign exchange contracts
Assets
Notional amount, Assets	161,890	66,733
Fair Value, Assets	7,623	1,164
Liabilities
Notional amount, Liabilities	102,231	76,419
Fair Value, Liabilities	2,003	1,653
Consolidated Funds
Assets
Notional amount, Assets	81,845	312,985
Notional amount, Total	161,396	381,238
Fair Value, Assets	3,126	14,625
Fair Value, Warrants	19,123,950	20,823,338
Fair Value, Total	6,992	61,427
Liabilities
Notional amount, Liabilities	693,175	2,058,805
Fair Value, Liabilities	42,332	75,115
Consolidated Funds | Interest rate contracts
Assets
Notional amount, Assets	34,000	70,000
Fair Value, Assets	0	8
Liabilities
Notional amount, Liabilities	10,000	623,225
Fair Value, Liabilities	21	3,878
Consolidated Funds | Credit contracts
Assets
Notional amount, Assets		25,437
Fair Value, Assets		4,489
Liabilities
Notional amount, Liabilities	385,296	537,921
Fair Value, Liabilities	13,265	28,385
Consolidated Funds | Equity contracts
Assets
Notional amount, Assets		50
Fair Value, Assets		179
Consolidated Funds | Equity contracts | Other
Assets
Notional amount, Assets	79,551	68,253
Fair Value, Warrants	3,866	46,802
Consolidated Funds | Foreign exchange contracts
Assets
Notional amount, Assets	43,303	211,324
Fair Value, Assets	2,070	8,653
Liabilities
Notional amount, Liabilities	207,577	813,997
Fair Value, Liabilities	9,991	38,631
Consolidated Funds | Other financial instruments
Assets
Notional amount, Assets	4,542	6,174
Fair Value, Assets	1,056	1,296
Liabilities
Notional amount, Liabilities	90,302	83,662
Fair Value, Liabilities	19,055	$4,221

DERIVATIVE_FINANCIAL_INSTRUMEN3

DERIVATIVE FINANCIAL INSTRUMENTS (Details 2) (Net realized gain (loss) on investments, USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Parent Company
DERIVATIVE FINANCIAL INSTRUMENTS
Total net realized gain (loss) on investments	$1,962	($3,571)	($423)
Total net change in unrealized appreciation (depreciation) on investments	6,517	662	-4,538
Parent Company | Purchased option contracts | Purchased
DERIVATIVE FINANCIAL INSTRUMENTS
Total net realized gain (loss) on investments		-147	112
Total net change in unrealized appreciation (depreciation) on investments	1,076	-392	-982
Parent Company | Purchased option contracts | Written
DERIVATIVE FINANCIAL INSTRUMENTS
Total net change in unrealized appreciation (depreciation) on investments			139
Parent Company | Swaps
DERIVATIVE FINANCIAL INSTRUMENTS
Total net realized gain (loss) on investments	-1,368	-1,259	-601
Total net change in unrealized appreciation (depreciation) on investments	407	1,182	-2,436
Parent Company | Foreign currency forward contracts
DERIVATIVE FINANCIAL INSTRUMENTS
Total net realized gain (loss) on investments	3,330	-2,165	66
Total net change in unrealized appreciation (depreciation) on investments	5,034	-128	-1,259
Parent Company | Interest rate contracts
DERIVATIVE FINANCIAL INSTRUMENTS
Total net realized gain (loss) on investments	-1,368	-1,259	-601
Total net change in unrealized appreciation (depreciation) on investments	407	1,182	-2,436
Parent Company | Interest rate contracts | Swaps
DERIVATIVE FINANCIAL INSTRUMENTS
Total net realized gain (loss) on investments	-1,368	-1,259	-601
Total net change in unrealized appreciation (depreciation) on investments	407	1,182	-2,436
Parent Company | Foreign exchange contracts
DERIVATIVE FINANCIAL INSTRUMENTS
Total net realized gain (loss) on investments	3,330	-2,312	178
Total net change in unrealized appreciation (depreciation) on investments	6,110	-520	-2,102
Parent Company | Foreign exchange contracts | Purchased option contracts | Purchased
DERIVATIVE FINANCIAL INSTRUMENTS
Total net realized gain (loss) on investments		-147	112
Total net change in unrealized appreciation (depreciation) on investments	1,076	-392	-982
Parent Company | Foreign exchange contracts | Purchased option contracts | Written
DERIVATIVE FINANCIAL INSTRUMENTS
Total net change in unrealized appreciation (depreciation) on investments			139
Parent Company | Foreign exchange contracts | Foreign currency forward contracts
DERIVATIVE FINANCIAL INSTRUMENTS
Total net realized gain (loss) on investments	3,330	-2,165	66
Total net change in unrealized appreciation (depreciation) on investments	5,034	-128	-1,259
Consolidated Funds
DERIVATIVE FINANCIAL INSTRUMENTS
Total net realized gain (loss) on investments	-47,699	-40,980	-44,505
Total net change in unrealized appreciation (depreciation) on investments	9,433	4,261	-31,388
Consolidated Funds | Purchased option contracts | Purchased
DERIVATIVE FINANCIAL INSTRUMENTS
Total net realized gain (loss) on investments	-8,611	-7,844	-9,544
Total net change in unrealized appreciation (depreciation) on investments	2,295	1,025	522
Consolidated Funds | Purchased option contracts | Written
DERIVATIVE FINANCIAL INSTRUMENTS
Total net realized gain (loss) on investments	-116	3,063	2,075
Total net change in unrealized appreciation (depreciation) on investments	-402	287	-550
Consolidated Funds | Swaps
DERIVATIVE FINANCIAL INSTRUMENTS
Total net realized gain (loss) on investments	-27,068	-52,367	-34,000
Total net change in unrealized appreciation (depreciation) on investments	10,592	4,814	-17,208
Consolidated Funds | Interest rate caps/floor
DERIVATIVE FINANCIAL INSTRUMENTS
Total net realized gain (loss) on investments	276	-879	5,821
Total net change in unrealized appreciation (depreciation) on investments	269	-916	-4,827
Consolidated Funds | Other
DERIVATIVE FINANCIAL INSTRUMENTS
Total net realized gain (loss) on investments	3,583	2,515	358
Total net change in unrealized appreciation (depreciation) on investments	-13,190	22,232	-9,151
Consolidated Funds | Foreign currency forward contracts
DERIVATIVE FINANCIAL INSTRUMENTS
Total net realized gain (loss) on investments	-15,763	14,532	-9,215
Total net change in unrealized appreciation (depreciation) on investments	9,869	-23,181	-174
Consolidated Funds | Interest rate contracts
DERIVATIVE FINANCIAL INSTRUMENTS
Total net realized gain (loss) on investments	-237	-2,317	-28,023
Total net change in unrealized appreciation (depreciation) on investments	1,740	1,350	3,494
Consolidated Funds | Interest rate contracts | Swaps
DERIVATIVE FINANCIAL INSTRUMENTS
Total net realized gain (loss) on investments	-513	-2,317	-28,023
Total net change in unrealized appreciation (depreciation) on investments	1,471	2,512	4,049
Consolidated Funds | Interest rate contracts | Interest rate caps/floor
DERIVATIVE FINANCIAL INSTRUMENTS
Total net realized gain (loss) on investments	276
Total net change in unrealized appreciation (depreciation) on investments	269	-1,162	-76
Consolidated Funds | Interest rate contracts | Other
DERIVATIVE FINANCIAL INSTRUMENTS
Total net change in unrealized appreciation (depreciation) on investments			-479
Consolidated Funds | Credit contracts
DERIVATIVE FINANCIAL INSTRUMENTS
Total net realized gain (loss) on investments	-24,092	-53,570	-3,522
Total net change in unrealized appreciation (depreciation) on investments	9,421	2,456	-17,245
Consolidated Funds | Credit contracts | Swaps
DERIVATIVE FINANCIAL INSTRUMENTS
Total net realized gain (loss) on investments	-24,092	-53,566	-3,522
Total net change in unrealized appreciation (depreciation) on investments	9,421	2,456	-17,245
Consolidated Funds | Credit contracts | Other
DERIVATIVE FINANCIAL INSTRUMENTS
Total net realized gain (loss) on investments		-4
Consolidated Funds | Equity contracts
DERIVATIVE FINANCIAL INSTRUMENTS
Total net realized gain (loss) on investments	-5,369	-4,789	-11,630
Total net change in unrealized appreciation (depreciation) on investments	-14,485	20,706	-9,204
Consolidated Funds | Equity contracts | Purchased option contracts | Purchased
DERIVATIVE FINANCIAL INSTRUMENTS
Total net realized gain (loss) on investments	-8,952	-7,308	-5,918
Total net change in unrealized appreciation (depreciation) on investments	611	-697	-145
Consolidated Funds | Equity contracts | Swaps
DERIVATIVE FINANCIAL INSTRUMENTS
Total net realized gain (loss) on investments			-6,070
Total net change in unrealized appreciation (depreciation) on investments			-391
Consolidated Funds | Equity contracts | Other
DERIVATIVE FINANCIAL INSTRUMENTS
Total net realized gain (loss) on investments	3,583	2,519	358
Total net change in unrealized appreciation (depreciation) on investments	-13,190	21,403	-8,668
Consolidated Funds | Equity contracts | Foreign currency forward contracts
DERIVATIVE FINANCIAL INSTRUMENTS
Total net change in unrealized appreciation (depreciation) on investments	-1,906
Consolidated Funds | Foreign exchange contracts
DERIVATIVE FINANCIAL INSTRUMENTS
Total net realized gain (loss) on investments	-15,538	-1,168	-1,330
Total net change in unrealized appreciation (depreciation) on investments	13,883	-9,470	-7,727
Consolidated Funds | Foreign exchange contracts | Purchased option contracts | Purchased
DERIVATIVE FINANCIAL INSTRUMENTS
Total net realized gain (loss) on investments	341	-536	-3,626
Total net change in unrealized appreciation (depreciation) on investments	1,668	2,122	667
Consolidated Funds | Foreign exchange contracts | Purchased option contracts | Written
DERIVATIVE FINANCIAL INSTRUMENTS
Total net realized gain (loss) on investments	-116	3,063	2,075
Total net change in unrealized appreciation (depreciation) on investments	-402	287	-550
Consolidated Funds | Foreign exchange contracts | Swaps
DERIVATIVE FINANCIAL INSTRUMENTS
Total net realized gain (loss) on investments		-3,219	3,615
Total net change in unrealized appreciation (depreciation) on investments	842	1,586	-2,915
Consolidated Funds | Foreign exchange contracts | Interest rate caps/floor
DERIVATIVE FINANCIAL INSTRUMENTS
Total net realized gain (loss) on investments			5,821
Total net change in unrealized appreciation (depreciation) on investments			-4,751
Consolidated Funds | Foreign exchange contracts | Other
DERIVATIVE FINANCIAL INSTRUMENTS
Total net change in unrealized appreciation (depreciation) on investments		829	-4
Consolidated Funds | Foreign exchange contracts | Foreign currency forward contracts
DERIVATIVE FINANCIAL INSTRUMENTS
Total net realized gain (loss) on investments	-15,763	-476	-9,215
Total net change in unrealized appreciation (depreciation) on investments	11,775	-14,294	-174
Consolidated Funds | Other financial instruments
DERIVATIVE FINANCIAL INSTRUMENTS
Total net realized gain (loss) on investments	-2,463	20,864
Total net change in unrealized appreciation (depreciation) on investments	-1,126	-10,781	-706
Consolidated Funds | Other financial instruments | Purchased option contracts | Purchased
DERIVATIVE FINANCIAL INSTRUMENTS
Total net change in unrealized appreciation (depreciation) on investments	16	-400
Consolidated Funds | Other financial instruments | Swaps
DERIVATIVE FINANCIAL INSTRUMENTS
Total net realized gain (loss) on investments	-2,463	6,735
Total net change in unrealized appreciation (depreciation) on investments	-1,142	-1,740	-706
Consolidated Funds | Other financial instruments | Interest rate caps/floor
DERIVATIVE FINANCIAL INSTRUMENTS
Total net realized gain (loss) on investments		-879
Total net change in unrealized appreciation (depreciation) on investments		246
Consolidated Funds | Other financial instruments | Foreign currency forward contracts
DERIVATIVE FINANCIAL INSTRUMENTS
Total net realized gain (loss) on investments		15,008
Total net change in unrealized appreciation (depreciation) on investments		($8,887)

DERIVATIVE_FINANCIAL_INSTRUMEN4

DERIVATIVE FINANCIAL INSTRUMENTS (Details 3) (USD $)	Dec. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Parent Company
Derivatives, Assets
Gross Amounts of Recognized Assets	$7,623	$1,164
Net Amounts of Assets Presented	7,623	1,164
Gross Amounts Not Offset in the Statement of Financial Position
Financial Instruments	1,056	338
Net Amount	6,567	826
Total
Gross Amounts of Recognized Assets	7,623	1,164
Net Amounts of Assets Presented	7,623	1,164
Gross Amounts Not Offset in the Statement of Financial Position
Financial Instruments	1,056	338
Net Amount	6,567	826
Derivatives, Liabilities
Gross Amounts of Recognized Liabilities	-2,850	-2,907
Derivatives instruments	-2,850	-2,907
Gross Amounts Not Offset in the Statement of Financial Position
Financial Instruments	-1,056	-338
Net Amount	-1,794	-2,569
Total
Gross Amounts of Recognized Liabilities	-2,850	-2,907
Net Amounts of Liabilities Presented	-2,850	-2,907
Gross Amounts Not Offset in the Statement of Financial Position
Financial Instruments	-1,056	-338
Net Amount	-1,794	-2,569
Grand Total
Gross Amounts of Recognized Assets (Liabilities)	4,773	-1,743
Net Amounts of Assets (Liabilities) Presented	4,773	-1,743
Gross Amounts Not Offset in the Statement of Financial Position
Net Amount	4,773	-1,743
Consolidated Funds
Derivatives, Assets
Gross Amounts of Recognized Assets	4,940	27,081
Gross Amounts Offset in Assets	1,814	12,456
Net Amounts of Assets Presented	3,126	14,625
Gross Amounts Not Offset in the Statement of Financial Position
Financial Instruments	989	9,642
Cash Collateral Received	-2,295	4,675
Net Amount	4,432	308
Reverse repurchase, securities borrowing, and similar arrangements
Gross Amounts of Recognized Assets	4,150	1,695
Net Amounts of Assets Presented	4,150	1,695
Net Amount	4,150	1,695
Total
Gross Amounts of Recognized Assets	9,090	28,776
Gross Amounts Offset in Assets	1,814	12,456
Net Amounts of Assets Presented	7,276	16,320
Gross Amounts Not Offset in the Statement of Financial Position
Financial Instruments	989	9,642
Cash Collateral Received	-2,295	4,675
Net Amount	8,582	2,003
Derivatives, Liabilities
Gross Amounts of Recognized Liabilities	-44,146	-87,571
Gross Amounts Offset in Liabilities	-1,814	-12,456
Derivatives instruments	-42,332	-75,115
Gross Amounts Not Offset in the Statement of Financial Position
Financial Instruments	-989	-9,642
Cash Collateral Pledged	-12,386	-42,903
Net Amount	-28,957	-22,570
Total
Gross Amounts of Recognized Liabilities	-44,146	-87,571
Gross Amounts Offset in Liabilities	-1,814	-12,456
Net Amounts of Liabilities Presented	-42,332	-75,115
Gross Amounts Not Offset in the Statement of Financial Position
Financial Instruments	-989	-9,642
Cash Collateral Pledged	-12,386	-42,903
Net Amount	-28,957	-22,570
Grand Total
Gross Amounts of Recognized Assets (Liabilities)	-35,056	-58,795
Net Amounts of Assets (Liabilities) Presented	-35,056	-58,795
Gross Amounts Not Offset in the Statement of Financial Position
Cash Collateral Received (Pledged)	-14,681	-38,228
Net Amount	($20,375)	($20,567)

DEBT_Details

DEBT (Details) (USD $)	12 Months Ended			0 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Oct. 29, 2013	Jan. 15, 2013	Dec. 18, 2012	Jul. 01, 2013	Oct. 08, 2014	7-May-14
					item		item
Parent Company
DEBT
Amount outstanding	$245,752,000	$153,119,000
Debt extinguishment cost resulting from the write off of unamortized costs	0	1,862,000	3,032,000
Notional amount	352,231,000	326,419,000
Repayment of borrowings under the credit facility from proceeds of the IPO	345,168,000
Other assets | Parent Company
DEBT
Debt issuance costs		3,500,000
Revolving credit line | Parent Company
DEBT
Maximum borrowing capacity				735,000,000					1,030,000,000
Unused commitment fees (as a percent)	0.20%			0.25%
Amount outstanding	0
All-in-rate (as a percent)		1.90%
Debt issuance costs		1,100,000
Revolving credit line | Interest expense. | Parent Company
DEBT
Expense relating to unused commitment fee		1,100,000
Interest expense		5,300,000
Amortization of debt issuance costs		1,000,000
Revolving credit line | Debt obligations | Parent Company
DEBT
Amount outstanding		121,300,000
Revolving credit line | Base rate | Parent Company
DEBT
Interest rate basis	base rate			Base Rate
Interest rate spread (as a percent)	0.50%			0.75%
Interest rate reduction (as a percent)	0.25%
Revolving credit line | LIBOR | Parent Company
DEBT
Interest rate basis	LIBOR			LIBOR
Interest rate spread (as a percent)	1.50%			1.75%
Line of credit | Parent Company
DEBT
All-in-rate (as a percent)	1.69%	1.69%
Debt issuance costs	5,300,000
Line of credit | Interest expense. | Parent Company
DEBT
Expense relating to unused commitment fee	1,800,000
Interest expense	2,500,000
Line of credit | Interest expense and debt extinguishment expense | Parent Company
DEBT
Amortization of debt issuance costs	1,100,000
Term note | Secured debt | AH LLC
DEBT
Face amount						55,000,000
Amount outstanding		11,000,000
Number of consecutive quarterly installments					7
Term note | Secured debt | Interest expense. | AH LLC
DEBT
Interest expense	100,000	1,600,000
Term note | Secured debt | LIBOR | AH LLC
DEBT
Interest rate basis						LIBOR
Interest rate spread (as a percent)						1.75%
Term note | Secured debt | Prime Rate | AH LLC
DEBT
Interest rate basis						prime rate
Interest rate spread (as a percent)						0.75%
Notes Payable, Other Payables | Parent Company | AREA
DEBT
Amount outstanding	0	20,900,000
Number of debt instruments							2
Number of former partners with whom debt is entered into							2
Notes Payable, Other Payables | Parent Company | AREA | Forecast
DEBT
Number of equal consecutive principal payments							3
Notes Payable, Other Payables | Parent Company | AREA | Promissory note, one
DEBT
Face amount							13,700,000
Notes Payable, Other Payables | Parent Company | AREA | Promissory note, one | Forecast
DEBT
Annual principal payments							4,600,000
Notes Payable, Other Payables | Parent Company | AREA | Promissory note, two
DEBT
Face amount							7,200,000
Notes Payable, Other Payables | Parent Company | AREA | Promissory note, two | Forecast
DEBT
Annual principal payments							2,400,000
Notes Payable, Other Payables | Interest expense. | Parent Company | AREA
DEBT
Interest expense	700,000	500,000
Notes Payable, Other Payables | LIBOR | Parent Company | AREA | Forecast
DEBT
Interest rate basis							LIBOR
Interest rate spread (as a percent)							4.00%
Senior secured notes | Parent Company
DEBT
Face amount								250,000,000
Effective rate (as a percent)	4.21%
Debt issuance costs								2,400,000
Debt Discount								4,300,000
Debt issuance percentage								98.27%
Redemption percentage								100.00%
Fixed rate obligation (as a percent)								4.00%
Senior secured notes | Interest expense. | Parent Company
DEBT
Interest expense	2,400,000
Amortization of debt issuance costs	100,000
Senior secured notes | Other assets | Parent Company
DEBT
Debt issuance costs	2,300,000
Senior secured notes | Debt obligations | Parent Company
DEBT
Amount outstanding	$245,800,000

DEBT_Details_2

DEBT (Details 2) (Consolidated Funds, USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
DEBT
Market Value of Loan Obligations	$12,049,170	$11,774,157
Collateralized loan obligation
DEBT
Loan Obligations	13,011,113	12,427,896
Market Value of Loan Obligations	12,049,170	11,774,157
Senior secured notes | Collateralized loan obligation
DEBT
Borrowing Outstanding	11,394,820	10,967,524
Weighted Average Remaining Maturity In Years	9 years 7 days	8 years 11 months 1 day
Market Value of Loan Obligations	11,062,501	10,679,878
Weighted average interest rate (as a percent)	2.62%	2.36%
Subordinated notes / preferred shares | Collateralized loan obligation
DEBT
Borrowing Outstanding	1,523,670	1,325,446
Weighted Average Remaining Maturity In Years	9 years 5 months 9 days	8 years 7 months 21 days
Market Value of Loan Obligations	894,795	962,098
Notes payable | Collateralized loan obligation
DEBT
Borrowing Outstanding	12,918,490	12,292,970
Market Value of Loan Obligations	11,957,296	11,641,976
Line of credit | Revolving credit line | Collateralized loan obligation
DEBT
Loan Obligations	92,623	134,926
Market Value of Loan Obligations	91,874	132,181
Line of credit | Revolving credit line | Revolving credit line with maturity 04/16/21 | Collateralized loan obligation
DEBT
Total Facility (Capacity)	44,113	48,949
Loan Obligations	44,113	48,949
Market Value of Loan Obligations	43,980	48,119
Effective rate (as a percent)	0.49%	0.43%
Commitment Fee (as a percent)	0.17%	0.17%
Line of credit | Revolving credit line | Revolving credit line with maturity 02/24/18 | Collateralized loan obligation
DEBT
Total Facility (Capacity)		1,035
Loan Obligations		1,035
Market Value of Loan Obligations		1,034
Effective rate (as a percent)		0.51%
Commitment Fee (as a percent)		0.19%
Line of credit | Revolving credit line | Revolving credit line with maturity 03/12/18 | Collateralized loan obligation
DEBT
Total Facility (Capacity)		23,567
Loan Obligations		23,567
Market Value of Loan Obligations		23,351
Effective rate (as a percent)		0.52%
Commitment Fee (as a percent)		0.18%
Line of credit | Revolving credit line | Revolving credit line with maturity 10/11/21 | Collateralized loan obligation
DEBT
Total Facility (Capacity)	48,510	48,510
Loan Obligations	48,510	48,510
Market Value of Loan Obligations	47,894	46,812
Effective rate (as a percent)	0.43%	0.45%
Commitment Fee (as a percent)	0.17%	0.17%
Line of credit | Revolving credit line | Revolving credit line with maturity 01/26/20 | Collateralized loan obligation
DEBT
Total Facility (Capacity)		12,865
Loan Obligations		12,865
Market Value of Loan Obligations		$12,865
Effective rate (as a percent)		0.52%
Commitment Fee (as a percent)		0.14%

DEBT_Details_3

DEBT (Details 3) (Consolidated Funds)

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2014

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2014

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2014

Dec. 31, 2014

Dec. 31, 2014

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2013

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

Loan payable

Loan payable

Loan payable

Loan payable

Loan payable

Loan payable

Loan payable

Term note

Term note

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

Revolving credit line

Revolving credit line

Revolving credit line

Revolving credit line

Revolving credit line

Revolving credit line

Revolving credit line

Revolving credit line

Revolving credit line

Revolving credit line

Notes payable, three

Notes payable, three

Notes payable, three

Notes payable, four

Notes payable, four

Notes payable, four

Term loan, four

Notes payable, two

Notes payable, two

Revolving credit line

Revolving credit line

Revolving credit line

Revolving credit line

Revolving credit line

Revolving credit line

Revolving credit line

Revolving credit line

Revolving credit line

Revolving credit line

Revolving credit line

Revolving credit line

Revolving credit line

Revolving credit line

Term loan, one

Term loan, three

Term loan, three

Credit facility with maturity 01/15/16

Credit facility with maturity 01/15/16

Credit facility with maturity 07/19/14

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

Credit facility with maturity 06/04/18

Credit facility with maturity 06/04/18

USD ($)

EUR (€)

LIBOR

USD ($)

GBP (£)

LIBOR

USD ($)

USD ($)

LIBOR

Credit facility with maturity 12/31/13

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 7/19/14 number 1

Credit facility with maturity 7/19/14 number 1

Credit facility with maturity 06/05/15

Credit facility with maturity 06/05/15

Credit facility with maturity 06/30/15

Credit facility with maturity 06/30/15

USD ($)

LIBOR

LIBOR

USD ($)

LIBOR

USD ($)

USD ($)

GBP (£)

LIBOR

USD ($)

LIBOR

USD ($)

LIBOR

USD ($)

USD ($)

LIBOR

Eurodollar

USD ($)

LIBOR

USD ($)

LIBOR

USD ($)

LIBOR

USD ($)

LIBOR

USD ($)

LIBOR

Minimum

Maximum

DEBT

Total Facility (Capacity)

$186,290

£ 532,350

$200,000

$150,000

€ 46,733

£ 114,048

$1,500,000

$40,000

$116,841

$100,000

$35,000

$25,000

$25,000

$1,805,000

Short term borrowings, Outstanding Loan

1,172,526

35,000

1,137,526

Long term borrowings, Outstanding Loan

777,600

308,477

2,070,598

532,350

39,300

16,644

40,601

898,072

738,300

Outstanding Loan

$777,600

$2,070,598

Effective rate basis

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

One Month LIBOR

Three Month LIBOR

Effective rate spread (as a percent)

1.85%

2.20%

3.00%

2.25%

1.93%

1.93%

1.75%

2.00%

2.00%

0.50%

1.75%

2.00%

0.35%

0.90%

Effective rate (as a percent)

1.65%

Commitment Fee (as a percent)

0.38%

0.25%

0.75%

0.25%

0.38%

0.75%

0.50%

0.30%

0.30%

0.50%

DEBT_Details_4

DEBT (Details 4) (Consolidated Funds, USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2014
DEBT
Outstanding loan obligations	$323,164,000	378,365,000
Amount of debt extinguished	670,000,000
Gain on extinguishment of debt	11,800,000
Mezzanine debt
DEBT
Outstanding loan obligations	$323,200,000	378,400,000
Mezzanine debt | Minimum
DEBT
Term of prior written notice to cause holders to redeem notes		5 days
Term of prior written notice for withdrawal of note		30 days

REDEEMABLE_AND_NONCONTROLLING_2

REDEEMABLE AND NON-CONTROLLING INTERESTS (Details) (USD $)	4 Months Ended	8 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Apr. 30, 2014	Dec. 31, 2014	Dec. 31, 2013
AOG
Redeemable interests
Beginning balance	$40,751	$23,947	$30,488
Net income	164	567	2,451
Currency translation adjustment	9	-16	13
Revaluation of redeemable interest			8,437
Distributions	-1,313	-477	-4,641
Equity compensation	234	81	291
Tandem award compensation adjustment	-15,898
Issuance cost		-124
Allocation of contributions in excess of carrying value of net assets (dilution)		910
Reallocation of partnerss capital for change in ownership interests		-900
Ending balance	23,947	23,988	40,751
AOG | Class D units
Redeemable interests
Allocation of contributions in excess of carrying value of net assets (dilution)			3,458
AOG | AREA
Redeemable interests
Allocation of contributions in excess of carrying value of net assets (dilution)			254
Consolidated Funds
Redeemable interests
Beginning balance	1,093,770	1,096,099	1,100,108
Net income	33,455	-30,890	137,924
Contributions from redeemable, non-controlling interests	30,408
Distributions to redeemable, non-controlling interests	-61,534	-27,759	-143,378
Currency translation adjustment			-884
Ending balance	$1,096,099	$1,037,450	$1,093,770

REDEEMABLE_AND_NONCONTROLLING_3

REDEEMABLE AND NON-CONTROLLING INTERESTS (Details 2) (USD $)	3 Months Ended			12 Months Ended			4 Months Ended	8 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Apr. 30, 2014	Dec. 31, 2014
Non-controlling interest
Net income	$157,354	($79,284)	$186,222	$545,662	$813,378	$1,235,688
Predecessor | Members' Equity
Non-controlling interest
Balance at the beginning of period				109,992	87,584		109,992
Distributions					-69,173		-46,534
Net income					30,715		6,836
Equity compensation					799		3,346
Tandem award compensation adjustment							864
Net effect of Reorganization, including contribution of AOG units for common units							-74,504
Balance at the end of period					109,992
Predecessor | Members' Equity | Class D units
Non-controlling interest
Allocation of contributions in excess of the carrying value of the net assets (dilution)					-183,820
Issuance of units, net of offering costs					241,735
Predecessor | Members' Equity | AREA
Non-controlling interest
Allocation of contributions in excess of the carrying value of the net assets (dilution)					2,152
Predecessor | Common Stock
Non-controlling interest
Balance at the end of period	0			0	0			0
Predecessor | Additional Paid in Capital.
Non-controlling interest
Balance at the beginning of period				57,842	54,561		57,842
Deferred tax liabilities arising from allocation of contributions					-12,171
Distributions							-3,908
Equity compensation					5,213		9,133
Tandem award compensation adjustment							608
Net effect of Reorganization, including contribution of AOG units for common units							-63,675
Balance at the end of period					57,842
Predecessor | Additional Paid in Capital. | Class D units
Non-controlling interest
Allocation of contributions in excess of the carrying value of the net assets (dilution)					6,404
Predecessor | Additional Paid in Capital. | AREA
Non-controlling interest
Allocation of contributions in excess of the carrying value of the net assets (dilution)					3,835
Predecessor | Retained Earnings
Non-controlling interest
Balance at the beginning of period				-417	-11,283		-417
Net income					12,959		-3,589
Revaluation of redeemable equity					-2,093
Tandem award compensation adjustment							-230
Net effect of Reorganization, including contribution of AOG units for common units							4,236
Balance at the end of period					-417
Predecessor | Accumulated Other Comprehensive Income (Loss)
Non-controlling interest
Balance at the beginning of period				314	-27		314
Currency translation adjustment					341		404
Net effect of Reorganization, including contribution of AOG units for common units							-718
Balance at the end of period					314
Parent Company
Non-controlling interest
Issuance costs								-28,491
Allocation of contributions in excess of the carrying value of the net assets (dilution)								-910
Issuance of units, net of offering costs								209,189
Reallocation of partnerss capital for change in ownership interests								900
Distributions								-594,553
Currency translation adjustment				-36,489
Equity compensation								18,615
Parent Company | Non-Controlling interest in Ares Operating Group Entities
Non-controlling interest
Balance at the beginning of period								-332,575
Issuance costs								-17,581
Allocation of contributions in excess of the carrying value of the net assets (dilution)								128,536
Reallocation of partnerss capital for change in ownership interests								-611
Deferred tax liabilities arising from allocation of contributions								-16
Distributions								-68,872
Net income								80,240
Currency translation adjustment								-2,285
Equity compensation								11,507
Net effect of Reorganization, including contribution of AOG units for common units							332,575
Balance at the end of period	463,493			463,493			-332,575	463,493
Non-controlling interest in Ares Operating Group Entities
Non-controlling interest
Balance at the beginning of period				167,731	130,835		167,731	-332,575
Issuance costs								-17,581
Allocation of contributions in excess of the carrying value of the net assets (dilution)								128,536
Reallocation of partnerss capital for change in ownership interests								-611
Deferred tax liabilities arising from allocation of contributions					-12,171			-16
Distributions					-69,173		-50,442	-68,872
Net income					43,674		3,247	80,240
Revaluation of redeemable equity					-2,093
Currency translation adjustment					341		404	-2,285
Equity compensation					6,012		12,479	11,507
Tandem award compensation adjustment							1,242
Net effect of Reorganization, including contribution of AOG units for common units							197,914
Balance at the end of period	463,493			463,493	167,731		-332,575	463,493
Non-controlling interest in Ares Operating Group Entities | Class D units
Non-controlling interest
Allocation of contributions in excess of the carrying value of the net assets (dilution)					-177,416
Issuance of units, net of offering costs					241,735
Non-controlling interest in Ares Operating Group Entities | AREA
Non-controlling interest
Allocation of contributions in excess of the carrying value of the net assets (dilution)					$5,987

OTHER_ASSETS_Details

OTHER ASSETS (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Other assets
Total other assets	$77,178	$99,128
Parent Company
Other assets
Accounts and interest receivable	4,310	1,863
Receivable for securities sold		11,594
Fixed assets, net	34,055	27,852
Other assets	26,340	32,291
Total other assets	64,705	73,600
Consolidated Funds
Other assets
Receivable for securities sold	132,753	427,871
Deferred debt issuance costs	7,610	13,106
Note receivables	381	366
Income tax receivable	1,417	314
Other receivables	977	3,641
Other assets	2,088	8,101
Total other assets	$12,473	$25,528

OTHER_ASSETS_Details_2

OTHER ASSETS (Details 2) (Parent Company, USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Fixed assets, net
Fixed assets, at cost	$66,103	$62,935
Less accumulated depreciation	-32,048	-35,083
Fixed assets, net	34,055	27,852
Depreciation expense	7,300	6,300	4,600
Furniture
Fixed assets, net
Fixed assets, at cost	6,831	9,722
Office and computer equipment
Fixed assets, net
Fixed assets, at cost	15,772	13,059
Internal use software
Fixed assets, net
Fixed assets, at cost	5,572	5,670
Leasehold improvements
Fixed assets, net
Fixed assets, at cost	$37,928	$34,484

COMMITMENTS_AND_CONTINGENCIES_1

COMMITMENTS AND CONTINGENCIES (Details) (USD $)	12 Months Ended			1 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Jul. 31, 2014	Mar. 20, 2008
COMMITMENTS AND CONTINGENCIES
Guarantee expense	$324,000
Unfunded commitments	187,900,000	244,500,000
Rent expense	17,900,000	12,700,000	8,600,000
Future minimum commitments
2015	16,214,000
2016	19,587,000
2017	19,454,000
2018	18,384,000
Thereafter	79,520,000
Total	153,159,000
Revolving credit line | ACRE
COMMITMENTS AND CONTINGENCIES
Credit support fee receivable based on the present value of discounted expected cash flows	1,100,000			1,300,000
Fair value of guarantee included within accounts payable, accrued expenses and other liabilities	1,600,000
Discount rate (as a percent)	1.97%
Outstanding Loan	75,000,000
Guarantee expense	300,000
Revolving credit line | ACRE | Maximum
COMMITMENTS AND CONTINGENCIES
Maximum exposure to loss				75,000,000
Revolving credit line | City National Bank | ACRE
COMMITMENTS AND CONTINGENCIES
Fund borrowings				75,000,000
Percentage of outstanding balance at which entity agreed to purchase all loans and other obligations outstanding				100.00%
Percentage of credit support fee receivable annually				1.50%
Affiliated Co-investment Entities
Future minimum commitments
Guaranteed loans payable balance	3,200,000	4,100,000
Additional unfunded commitments	1,100,000	1,200,000
AREA | Accounts payable and accrued expenses
COMMITMENTS AND CONTINGENCIES
Unfunded commitments	5,600,000
Guarantees | AREA
COMMITMENTS AND CONTINGENCIES
Face amount					21,500,000
Performance Fees
COMMITMENTS AND CONTINGENCIES
Assumed investments value for clawback obligation	0	0
Performance fees subject to potential clawback provision	295,700,000	346,400,000
Performance fees subject to potential claw back provision that are reimbursable by professionals		$239,300,000	$280,500,000

RELATED_PARTY_TRANSACTIONS_Det

RELATED PARTY TRANSACTIONS (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Parent Company
Due from affiliates:
Due from affiliates	$146,534	$108,920
Due to affiliates:
Due to affiliates	19,030	32,690
Parent Company | Affiliated entity
Due from affiliates:
Management fees receivable from non consolidated funds	113,358	91,917
Payments made on behalf of and amounts due from non-consolidated funds	33,176	17,003
Due to affiliates:
Management fee rebate payable to non consolidated funds	14,390	28,715
Payments made by non consolidated funds on behalf of Company	4,640	3,975
Consolidated Funds
Due from affiliates:
Due from affiliates	11,342	2,010
Due to affiliates:
Due to affiliates	2,441	2,695
Consolidated Funds | Affiliated entity
Due from affiliates:
Due from affiliates	11,342	2,010
Due to affiliates:
Due to affiliates	$2,441	$2,695

INCOME_TAXES_Details

INCOME TAXES (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Current:
Total current income tax expense	$24,540,000	$30,672,000	$27,651,000
Deferred:
Total deferred income tax expense (benefit)	-13,287,000	28,591,000	-1,497,000
Total:
Total income tax expense	11,253,000	59,263,000	26,154,000
Reasons for which effective income tax rate differed from the federal statutory rate
Income tax expense at federal statutory rate (as a percent)	35.00%	35.00%	35.00%
Income passed through to non-controlling interests (as a percent)	-34.90%	-29.20%	-34.30%
State and local taxes, net of federal benefit (as a percent)	0.40%	0.80%	0.20%
Foreign taxes (as a percent)	0.10%	0.60%	-0.40%
Other, net (as a percent)	1.10%	0.40%	1.20%
Valuation allowance (as a percent)	0.30%	-0.80%	0.40%
Total effective rate (as a percent)	2.00%	6.80%	2.10%
Deferred tax liabilities
Increase (decrease) in valuation allowance	1,700,000	6,900,000	5,000,000
Net operating loss	26,700,000
Federal operating loss carryforward	1,800,000
State operating loss carryforward	2,900,000
Parent Company
Current:
U.S. federal income tax	12,801,000	19,774,000	18,355,000
State and local income tax (benefit)	1,719,000	3,522,000	2,714,000
Foreign income tax	1,613,000	617,000	2,339,000
Total current income tax expense	16,133,000	23,913,000	23,408,000
Deferred:
U.S. federal income tax (benefit)	123,000	-5,743,000	4,029,000
State and local income tax (benefit)	210,000	-747,000	530,000
Foreign income tax (benefit)	70,000		-6,151,000
Total deferred income tax expense (benefit)	403,000	-6,490,000	-1,592,000
Total:
U.S. federal income tax (benefit)	12,924,000	14,031,000	22,384,000
State and local income tax (benefit)	1,929,000	2,775,000	3,244,000
Foreign income tax (benefit)	1,683,000	617,000	-3,812,000
Total income tax expense	16,536,000	17,423,000	21,816,000
Deferred tax assets
Net operating loss	4,550,000	3,565,000
Other, net		1,699,000
Total gross deferred tax assets	4,550,000	5,264,000
Valuation allowance	-4,335,000	-3,788,000
Total deferred tax assets	215,000	1,476,000
Deferred tax liabilities
Investment in partnerships	-17,176,000	-22,478,000
Other, net	-2,900,000
Total deferred tax liabilities	-20,076,000	-22,478,000
Net deferred tax (liabilities) assets	-19,861,000	-21,002,000
Consolidated Funds
Current:
U.S. federal income tax	6,807,000	4,280,000
State and local income tax (benefit)	1,564,000	1,083,000	-2,000
Foreign income tax	36,000	1,396,000	4,245,000
Total current income tax expense	8,407,000	6,759,000	4,243,000
Deferred:
U.S. federal income tax (benefit)	-9,958,000	26,368,000	78,000
State and local income tax (benefit)	-2,832,000	7,417,000	19,000
Foreign income tax (benefit)	-900,000	1,296,000	-2,000
Total deferred income tax expense (benefit)	-13,690,000	35,081,000	95,000
Total:
U.S. federal income tax (benefit)	-3,151,000	30,648,000	78,000
State and local income tax (benefit)	-1,268,000	8,500,000	17,000
Foreign income tax (benefit)	-864,000	2,692,000	4,243,000
Total income tax expense	-5,283,000	41,840,000	4,338,000
Deferred tax assets
Net operating loss	1,841,000	608,000
Other, net	435,000
Total gross deferred tax assets	2,276,000	608,000
Valuation allowance	-1,635,000	-467,000
Total deferred tax assets	641,000	141,000
Deferred tax liabilities
Investment in partnerships	-22,855,000	-36,045,000
Total deferred tax liabilities	-22,855,000	-36,045,000
Net deferred tax (liabilities) assets	($22,214,000)	($35,904,000)

EARNINGS_PER_COMMON_UNIT_Detai

EARNINGS PER COMMON UNIT (Details)	8 Months Ended	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2014
AOG
Earnings per common unit
Antidilutive securities excluded from calculation of earnings per common unit (in units)	130,858,662
Partners Capital Account Units Conversion Ratio		100.00%
Restricted unit
Earnings per common unit
Antidilutive securities excluded from calculation of earnings per common unit (in units)	197,961
Stock Options
Earnings per common unit
Antidilutive securities excluded from calculation of earnings per common unit (in units)	24,230,518

EARNINGS_PER_COMMON_UNIT_Detai1

EARNINGS PER COMMON UNIT (Details 2) (USD $)	3 Months Ended			8 Months Ended	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Dec. 31, 2014	Dec. 31, 2014
Basic
Net income attributable to Ares Management L.P.	$3,175	$13,971	$17,842	$34,988	$34,988
Earnings distributed to participating securities (restricted stock)				-417
Net income available to common unitholders				34,571
Basic weighted-average common units				80,358,036	80,358,036
Earnings per common unit, basic (in dollars per unit)	$0.04	$0.17	$0.22	$0.43	$0.43
Diluted
Net income attributable to Ares Management L.P.	3,175	13,971	17,842	34,988	34,988
Earnings distributed to participating securities (restricted stock)				-417
Net income available to common unitholders				$34,571
Basic weighted-average common units				80,358,036
Diluted weighted-average common units				80,358,036	80,358,036
Earnings per common unit, diluted (in dollars per unit)	$0.04	$0.17	$0.22	$0.43	$0.43

EQUITY_COMPENSATION_Details

EQUITY COMPENSATION (Details) (USD $)	4 Months Ended	8 Months Ended	12 Months Ended
	Apr. 30, 2014	Dec. 31, 2014	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Jan. 31, 2015
Fair Value Assumptions:
Grant date fair value (in dollars)	$211,679,000
Equity Compensation Expenses Recognized, Net of Forfeitures (in dollars)		20,091,000	63,138,000	28,837,000	52,035,000
Unrecognized Compensation Expenses (in dollars)	60,500,000
Total number of units available for grant under the Equity Incentive Plan		2,697,974	2,697,974			31,728,949
Look-up period			5 years
Discount for lack of marketability percentage			5.00%
Indicus
Equity compensation
Aggregate settlement amount if put options were exercised		20,000,000	20,000,000
AIH LLC
Equity compensation
Membership interest (as a percent)			2.00%
AEP
Fair Value Assumptions:
Equity Compensation Expenses Recognized, Net of Forfeitures (in dollars)			56,200,000
AEP I and AEP II Profit Interests
Equity compensation
Vesting period			5 years
Fair Value Assumptions:
Vesting period			5 years
AEP I Profit Interests
Fair Value Assumptions:
Grant date fair value (in dollars)	38,400,000
Equity Compensation Expenses Recognized, Net of Forfeitures (in dollars)					5,730,000
AEP I Profit Interests | APMC
Equity compensation
Profit interest (as a percent)			3.30%
AEP II Profit Interests
Fair Value Assumptions:
Grant date fair value (in dollars)	33,423,000
Equity Compensation Expenses Recognized, Net of Forfeitures (in dollars)			14,714,000	6,016,000	5,923,000
Unrecognized Compensation Expenses (in dollars)	12,709,000
AEP II Profit Interests | APMC
Equity compensation
Profit interest (as a percent)			4.64%
AEP IV Profit Interests
Fair Value Assumptions:
Grant date fair value (in dollars)	10,657,000
Equity Compensation Expenses Recognized, Net of Forfeitures (in dollars)			10,657,000
Unrecognized Compensation Expenses (in dollars)	10,657,000
AEP VI Profit Interests
Fair Value Assumptions:
Grant date fair value (in dollars)	9,047,000
Equity Compensation Expenses Recognized, Net of Forfeitures (in dollars)			9,047,000
Unrecognized Compensation Expenses (in dollars)	9,047,000
Exchanged AEP Awards
Equity compensation
Vesting period			17 months
Percentage of profit interest to participate in the proceeds of certain capital events			2.20%
Fair Value Assumptions:
Vesting period			17 months
Grant date fair value (in dollars)	68,607,000
Equity Compensation Expenses Recognized, Net of Forfeitures (in dollars)				12,944,000	33,584,000
Exchanged AEP Awards | AM LLC
Equity compensation
Membership interest (as a percent)			2.00%
Indicus Membership Interest
Fair Value Assumptions:
Grant date fair value (in dollars)	20,700,000
Equity Compensation Expenses Recognized, Net of Forfeitures (in dollars)			11,913,000	3,371,000	4,947,000
Unrecognized Compensation Expenses (in dollars)	10,532,000
Indicus Membership Interest | Indicus
Equity compensation
Vesting period			5 years
Fair Value Assumptions:
Vesting period			5 years
Indicus Membership Interest | Indicus | Option pricing model
Fair Value Assumptions:
Expected term			5 years
Risk free rate (as a percent)			0.91%
Strike price (in dollars)		20,000,000	20,000,000
Expected volatility (as a percent)			45.50%
Indicus Membership Interest | AH LLC | Indicus
Equity compensation
Membership interest (as a percent)			0.50%
Indicus Membership Interest | AI | Indicus
Equity compensation
Membership interest (as a percent)			0.50%
Indicus Profit Interest
Fair Value Assumptions:
Grant date fair value (in dollars)	5,464,000
Equity Compensation Expenses Recognized, Net of Forfeitures (in dollars)			-3,871,000	1,821,000	1,851,000
Unrecognized Compensation Expenses (in dollars)	4,300,000
Indicus Profit Interest | Indicus
Equity compensation
Percentage of profit interest to participate in the proceeds of certain capital events			1.14%
Indicus Profit Interest | Indicus | Black-Scholes option pricing model
Equity compensation
Vesting period			3 years
Fair Value Assumptions:
Expected term			7 years
Risk free rate (as a percent)			0.40%
Strike price (in dollars)		46,000,000	46,000,000
Expected volatility (as a percent)			47.60%
Vesting period			3 years
Number of anniversary on which awards were automatically cancelled			7
Grant date fair value (in dollars)			5,500,000
AREA Membership Interest
Fair Value Assumptions:
Grant date fair value (in dollars)	25,381,000
Equity Compensation Expenses Recognized, Net of Forfeitures (in dollars)			20,678,000	4,685,000
Unrecognized Compensation Expenses (in dollars)	$17,555,000
AREA Membership Interest | AREA
Equity compensation
Membership interest (as a percent)			1.20%
AREA Membership Interest | AREA | Awards vested on first anniversary
Equity compensation
Vesting rights (as a percent)			50.00%
AREA Membership Interest | AREA | Awards vested on second anniversary
Equity compensation
Vesting rights (as a percent)			100.00%

EQUITY_COMPENSATION_Details_2

EQUITY COMPENSATION (Details 2) (USD $)	8 Months Ended	12 Months Ended			0 Months Ended
	Dec. 31, 2014	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Nov. 24, 2014	Aug. 25, 2014	Apr. 30, 2014
Equity compensation
Equity compensation expenses	$20,091,000	$63,138,000	$28,837,000	$52,035,000
Weighted Average Grant Date Fair Value
Unrecognized Compensation Expenses (in dollars)							60,500,000
Restricted unit
Equity compensation
Equity compensation expenses	8,826,000
Quarterly distribution declared (in dollars per unit)					$0.24	$0.18
Distribution equivalents made to holders		2,000,000
Distribution equivalents made to holders recorded in equity compensation in the Consolidated Statements of Changes in Equity		1,500,000
Restricted Units and Phantom Units
Forfeited (in units)	-159,998
Balance at the end of the period (in units)	4,776,053	4,776,053
Vested (in units)	0
Weighted Average Grant Date Fair Value
Forfeited (in dollars per unit)	$18.05
Balance at the end of the period (in dollars per unit)	$18.08	$18.08
Assumed forfeiture (as a percent)		7.00%
Unrecognized Compensation Expenses (in dollars)	58,100,000	58,100,000
Weighted average period of compensation expense expected to be recognized		4 years 3 months 26 days
Vesting period		5 years
Restricted unit | Compensation and benefits
Equity compensation
Distribution equivalents made to holders		500,000
Restricted unit | IPO
Restricted Units and Phantom Units
Restricted stock granted (in units)	4,936,051
Weighted Average Grant Date Fair Value
Granted (in dollars per unit)	$18.08
Restricted unit | Awards vested beginning on the third anniversary of the date the initial public offering became effective
Equity compensation
Vesting rights (as a percent)		33.00%
Stock Options
Equity compensation
Equity compensation expenses	9,869,000
Vesting rights (as a percent)		33.00%
Weighted Average Grant Date Fair Value
Assumed forfeiture (as a percent)		7.00%
Unrecognized Compensation Expenses (in dollars)	64,700,000	64,700,000
Weighted average period of compensation expense expected to be recognized		4 years 3 months 26 days
Phantom units
Equity compensation
Equity compensation expenses	1,396,000
Restricted Units and Phantom Units
Forfeited (in units)	-75,684
Balance at the end of the period (in units)	610,711	610,711
Vested (in units)	0
Weighted Average Grant Date Fair Value
Balance at the end of the period (in dollars per unit)	$19	$19
Unrecognized Compensation Expenses (in dollars)	9,100,000	9,100,000
Weighted average period of compensation expense expected to be recognized		4 years 3 months 29 days
Number of trading days immediately prior to vesting dates which gives right to the holder to receive amount in cash per unit		15 days
Number of trading days immediately following the vesting dates which gives right to the holder to receive amount in cash per unit		15 days
Vesting period		5 years
Cash paid to settle awards (in dollars)		$0
Fair value of awards (in dollars per share)	$17.14	$17.14
Phantom units | IPO
Restricted Units and Phantom Units
Restricted stock granted (in units)	686,395
Weighted Average Grant Date Fair Value
Granted (in dollars per unit)	$19
Restricted units and options
Weighted Average Grant Date Fair Value
Percentage of awards that will vest if participant's employment is terminated between the first and second year after grant		11.00%
Percentage of awards that will vest if participant's employment is terminated between the second and third year after grant		22.00%

EQUITY_COMPENSATION_Details_3

EQUITY COMPENSATION (Details 3) (USD $)	8 Months Ended	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2014	Apr. 30, 2014
Equity compensation
Unrecognized Compensation Expenses (in dollars)			$60,500,000
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost	2,700,000	2,700,000
Stock Options
Equity compensation
Number of common units which holder is entitle to purchase		1
Term of option		P10Y
Vesting rights (as a percent)		33.00%
Unrecognized Compensation Expenses (in dollars)	64,700,000	64,700,000
Assumed forfeiture (as a percent)		7.00%
Weighted average remaining period of compensation expense expected to be recognized		4 years 3 months 26 days
Options
Forfeited (in units)	-604,709
Balance at the end of the period (in units)	24,230,518	24,230,518
Expected to vest at the end of the period (in units)	18,611,216	18,611,216
Weighted Average Exercise Price
Forfeited (in dollars per unit)	$19
Balance at the end of the period (in dollars per unit)	$19	$19
Expected to vest at the end of the period (in dollars per unit)	$19	$19
Weighted Average Remaining Life
Balance at the beginning of the period	9 years 3 months 29 days
Balance at the end of the period	9 years 3 months 29 days
Expected to vest at the end of the period	9 years 3 months 29 days
Aggregate Intrinsic Value
Balance at the end of the period (in dollars)	$0	$0
Stock Options | IPO
Options
Granted (in units)	24,835,227
Weighted Average Exercise Price
Granted (in dollars per unit)	$19
Weighted Average Remaining Life
Granted	9 years 3 months 29 days
Stock Options | Black-Scholes option pricing model
Weighted average assumptions used to measure the fair value of each options granted using Black-Scholes option-pricing model
Weighted average expected dividend yield (as a percent)	5.00%
Stock Options | Minimum | Black-Scholes option pricing model
Weighted average assumptions used to measure the fair value of each options granted using Black-Scholes option-pricing model
Risk free rate (as a percent)	2.06%
Expected volatility factor (as a percent)	34.00%
Expected life	6 years 11 months 1 day
Stock Options | Maximum | Black-Scholes option pricing model
Weighted average assumptions used to measure the fair value of each options granted using Black-Scholes option-pricing model
Risk free rate (as a percent)	2.22%
Expected volatility factor (as a percent)	35.00%
Expected life	7 years

EQUITY_Details

EQUITY (Details) (USD $)	8 Months Ended	12 Months Ended	1 Months Ended	0 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2014	Jul. 31, 2013	7-May-14	2-May-14
STOCKHOLDERS' EQUITY AND MEMBERS' CAPITAL
Units issued (in units)	80,667,664	80,667,664
Ares Owners Holdings, L.P. direct ownership percentage of each of the Ares Operating Group Entities	55.95%	55.95%			59.21%
Number of Partnership Units Ares Owners Holdings LP Holds of Each Ares Operating Group Entities	118,358,662	118,358,662			118,421,766
Affiliate of Allehany Corporation Direct Ownership Percentage of Each Ares Operating Group Entities	5.91%	5.91%			6.25%
Number of Ares Operating Group Units an Affiliate of Alleghany Corporation Holds of Each Ares Operating Group Entities	12,500,000	12,500,000			12,500,000
Daily average ownership percentage Ares Owners Holdings LP owned of each of the Ares Operating Group entities	56.06%
Daily average ownership percentage Affiliate of Alleghany Corporation owned of each of the Ares Operating Group entities	5.92%
Daily average ownership percentage Ares Management LP owned of each of the Ares Operating Group entities	38.02%
Ownership percentage of equity interests				5.91%
Alleghany
STOCKHOLDERS' EQUITY AND MEMBERS' CAPITAL
Maximum period of redemption notice for conversion of preferred membership interests into common membership interests		30 days
Minimum cumulative distribution per year (as a percent)		5.00%
Initial investment percentage		100.00%
Redemption price as a percentage of internal rate of return per annum		10.00%
AH LLC | APMC
STOCKHOLDERS' EQUITY AND MEMBERS' CAPITAL
Controlling ownership interest (as a percent)	50.10%	50.10%
AH LLC | ADIA
STOCKHOLDERS' EQUITY AND MEMBERS' CAPITAL
Controlling ownership interest (as a percent)	49.90%	49.90%
AH LLC | Class A Common Stock
STOCKHOLDERS' EQUITY AND MEMBERS' CAPITAL
Common stock, par value (in dollars per share)	0.001	0.001
AH LLC | Class B Common Stock
STOCKHOLDERS' EQUITY AND MEMBERS' CAPITAL
Common stock, par value (in dollars per share)	0.001	0.001
AI | APMC
STOCKHOLDERS' EQUITY AND MEMBERS' CAPITAL
Controlling ownership interest (as a percent)	70.30%	70.30%
AREC ownership percentage of Class A-1 units	80.00%	80.00%
AI | AREC
STOCKHOLDERS' EQUITY AND MEMBERS' CAPITAL
Controlling ownership interest (as a percent)	20.00%	20.00%
AI and AH | Alleghany
STOCKHOLDERS' EQUITY AND MEMBERS' CAPITAL
Aggregate purchase price			$250,000
Ownership percentage of equity interests			6.25%
Allocation of contributions in excess of the carrying value of net assets			177,400
Residual equity			$64,300
AOG
STOCKHOLDERS' EQUITY AND MEMBERS' CAPITAL
Controlling ownership interest (as a percent)	38.14%	38.14%
Units issued (in units)	80,667,664	80,667,664
Units conversion ratio		100.00%		100.00%
Maximum ratio for exchange of units		4		4

SEGMENT_REPORTING_Details

SEGMENT REPORTING (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
	item
Segment reporting
Number of investment groups operated	4
Management fees
Net investment income (loss)	$813,065,000	$1,195,883,000	$1,686,327,000
Performance related earnings	141,942,000	176,043,000	264,500,000
Economic net income (loss)	556,915,000	872,641,000	1,261,842,000
Total assets	21,641,253,000	23,705,384,000	24,495,877,000
Affiliated entity | ARCC
Management fees
Management fees (includes ARCC Part I Fees of $118,537, $110,511 and $95,182 for the years ended December 31, 2014, 2013 and 2012, respectively)	118,537,000	110,511,000	95,182,000
Total management fees	118,537,000	110,511,000	95,182,000
Ares Management L.P and Consolidated Funds | Private Equity Group
Segment reporting
Assets under management	10,100,000,000
Ares Management L.P and Consolidated Funds | Direct Lending Group
Segment reporting
Assets under management	28,700,000,000
Number of investment funds	35
Prior period within which group launched inaugural vehicle	10 years
Ares Management L.P and Consolidated Funds | Tradable Credit Group
Segment reporting
Assets under management	32,400,000,000
Number of investment funds	70
Ares Management L.P and Consolidated Funds | Real Estate Group
Segment reporting
Assets under management	10,600,000,000
Ares Management L.P and Consolidated Funds | Operating segment
Management fees
Management fees (includes ARCC Part I Fees of $118,537, $110,511 and $95,182 for the years ended December 31, 2014, 2013 and 2012, respectively)	598,046,000	516,657,000	414,690,000
Recurring fees	598,046,000	501,625,000	389,733,000
Previously deferred fees		15,032,000	24,957,000
Total management fees	598,046,000	516,657,000	414,690,000
Administrative fees and other income	6,300,000	5,487,000	1,331,000
Compensation and benefits	-264,112,000	-221,778,000	-175,994,000
General, administrative and other expenses	-49,903,000	-45,512,000	-32,036,000
Fee related earnings (loss)	290,331,000	254,854,000	207,991,000
Performance fees-realized	146,494,000	224,183,000	390,745,000
Performance fees-unrealized	94,883,000	71,983,000	34,017,000
Performance fee compensation-realized	-80,599,000	-134,187,000	-295,606,000
Performance fee compensation-unrealized	-89,429,000	-60,107,000	27,881,000
Net performance fees	71,349,000	101,872,000	157,037,000
Investment income (loss)-realized	52,579,000	77,022,000	81,508,000
Investment income (loss)-unrealized	10,933,000	-10,329,000	19,683,000
Interest and other income	15,698,000	18,815,000	17,983,000
Interest expense	-8,617,000	-11,337,000	-11,711,000
Net investment income (loss)	70,593,000	74,171,000	107,463,000
Performance related earnings	141,942,000	176,043,000	264,500,000
Economic net income (loss)	432,273,000	430,897,000	472,491,000
Distributable earnings (loss)	381,605,000	409,444,000	373,413,000
Total assets	1,674,006,000	1,435,066,000	1,303,343,000
Ares Management L.P and Consolidated Funds | Operating segment | Private Equity Group
Management fees
Management fees (includes ARCC Part I Fees of $118,537, $110,511 and $95,182 for the years ended December 31, 2014, 2013 and 2012, respectively)	90,690,000	93,440,000	69,252,000
Recurring fees	90,690,000	93,440,000	69,252,000
Total management fees	90,690,000	93,440,000	69,252,000
Administrative fees and other income	219,000	663,000	673,000
Compensation and benefits	-34,386,000	-30,595,000	-26,330,000
General, administrative and other expenses	-9,166,000	-11,536,000	-7,960,000
Fee related earnings (loss)	47,357,000	51,972,000	35,635,000
Performance fees-realized	22,775,000	85,067,000	321,686,000
Performance fees-unrealized	137,853,000	48,402,000	-78,289,000
Performance fee compensation-realized	-18,220,000	-68,145,000	-258,782,000
Performance fee compensation-unrealized	-108,876,000	-37,191,000	60,009,000
Net performance fees	33,532,000	28,133,000	44,624,000
Investment income (loss)-realized	4,701,000	6,590,000	36,817,000
Investment income (loss)-unrealized	34,318,000	14,306,000	-10,923,000
Interest and other income	4,741,000	8,974,000	7,742,000
Interest expense	-3,925,000	-4,395,000	-3,709,000
Net investment income (loss)	39,835,000	25,475,000	29,927,000
Performance related earnings	73,367,000	53,608,000	74,551,000
Economic net income (loss)	120,724,000	105,580,000	110,186,000
Distributable earnings (loss)	54,156,000	79,151,000	137,284,000
Total assets	657,185,000	464,469,000	389,420,000
Ares Management L.P and Consolidated Funds | Operating segment | Direct Lending Group
Management fees
Management fees (includes ARCC Part I Fees of $118,537, $110,511 and $95,182 for the years ended December 31, 2014, 2013 and 2012, respectively)	275,571,000	238,389,000	190,129,000
Recurring fees	275,571,000	238,389,000	190,129,000
Total management fees	275,571,000	238,389,000	190,129,000
Administrative fees and other income	556,000	400,000	202,000
Compensation and benefits	-138,945,000	-122,082,000	-101,519,000
General, administrative and other expenses	-11,196,000	-8,836,000	-5,773,000
Fee related earnings (loss)	125,986,000	107,871,000	83,039,000
Performance fees-realized	24,878,000	17,385,000	11,523,000
Performance fees-unrealized	11,447,000	2,326,000	2,194,000
Performance fee compensation-realized	-14,938,000	-10,258,000	-6,913,000
Performance fee compensation-unrealized	-6,740,000	-1,488,000	-1,097,000
Net performance fees	14,647,000	7,965,000	5,707,000
Investment income (loss)-realized	918,000	8,180,000	-1,308,000
Investment income (loss)-unrealized	5,305,000	-3,793,000	10,324,000
Interest and other income	606,000	4,539,000	4,583,000
Interest expense	-1,538,000	-2,974,000	-3,060,000
Net investment income (loss)	5,291,000	5,952,000	10,539,000
Performance related earnings	19,938,000	13,917,000	16,246,000
Economic net income (loss)	145,924,000	121,788,000	99,285,000
Distributable earnings (loss)	133,510,000	122,059,000	86,944,000
Total assets	290,252,000	209,064,000	220,181,000
Ares Management L.P and Consolidated Funds | Operating segment | Tradable Credit Group
Management fees
Management fees (includes ARCC Part I Fees of $118,537, $110,511 and $95,182 for the years ended December 31, 2014, 2013 and 2012, respectively)	144,102,000	144,777,000	145,495,000
Recurring fees	144,102,000	129,745,000	120,538,000
Previously deferred fees		15,032,000	24,957,000
Total management fees	144,102,000	144,777,000	145,495,000
Administrative fees and other income	636,000	286,000	250,000
Compensation and benefits	-43,607,000	-38,289,000	-32,936,000
General, administrative and other expenses	-13,909,000	-12,296,000	-14,295,000
Fee related earnings (loss)	87,222,000	94,478,000	98,514,000
Performance fees-realized	96,985,000	121,414,000	57,536,000
Performance fees-unrealized	-71,825,000	15,431,000	110,112,000
Performance fee compensation-realized	-47,441,000	-55,758,000	-29,911,000
Performance fee compensation-unrealized	29,017,000	-21,428,000	-31,031,000
Net performance fees	6,736,000	59,659,000	106,706,000
Investment income (loss)-realized	44,616,000	75,467,000	46,048,000
Investment income (loss)-unrealized	-28,629,000	-32,976,000	26,733,000
Interest and other income	10,086,000	3,706,000	4,455,000
Interest expense	-2,017,000	-2,349,000	-4,051,000
Net investment income (loss)	24,056,000	43,848,000	73,185,000
Performance related earnings	30,792,000	103,507,000	179,891,000
Economic net income (loss)	118,014,000	197,985,000	278,405,000
Distributable earnings (loss)	183,479,000	228,572,000	163,781,000
Total assets	501,883,000	583,426,000	640,949,000
Ares Management L.P and Consolidated Funds | Operating segment | Real Estate Group
Management fees
Management fees (includes ARCC Part I Fees of $118,537, $110,511 and $95,182 for the years ended December 31, 2014, 2013 and 2012, respectively)	87,683,000	40,051,000	9,814,000
Recurring fees	87,683,000	40,051,000	9,814,000
Total management fees	87,683,000	40,051,000	9,814,000
Administrative fees and other income	4,889,000	4,138,000	206,000
Compensation and benefits	-47,174,000	-30,812,000	-15,209,000
General, administrative and other expenses	-15,632,000	-12,844,000	-4,008,000
Fee related earnings (loss)	29,766,000	533,000	-9,197,000
Performance fees-realized	1,856,000	317,000
Performance fees-unrealized	17,408,000	5,824,000
Performance fee compensation-realized		-26,000
Performance fee compensation-unrealized	-2,830,000
Net performance fees	16,434,000	6,115,000
Investment income (loss)-realized	2,344,000	-13,215,000	-49,000
Investment income (loss)-unrealized	-61,000	12,134,000	-6,451,000
Interest and other income	265,000	1,596,000	1,203,000
Interest expense	-1,137,000	-1,619,000	-891,000
Net investment income (loss)	1,411,000	-1,104,000	-6,188,000
Performance related earnings	17,845,000	5,011,000	-6,188,000
Economic net income (loss)	47,611,000	5,544,000	-15,385,000
Distributable earnings (loss)	10,460,000	-20,338,000	-14,596,000
Total assets	224,686,000	178,107,000	52,793,000
Ares Management L.P 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	22,147,000	18,468,000	17,674,000
Compensation and benefits	-109,030,000	-83,288,000	-61,352,000
General, administrative and other expenses	-56,184,000	-37,372,000	-26,445,000
Fee related earnings (loss)	-143,067,000	-102,192,000	-70,123,000
Economic net income (loss)	143,067,000	102,192,000	70,123,000
Distributable earnings (loss)	-148,849,000	-103,725,000	-71,040,000
Total assets	15,206,000	9,716,000	9,145,000
Ares Management L.P and Consolidated Funds | Stand Alone
Management fees
Management fees (includes ARCC Part I Fees of $118,537, $110,511 and $95,182 for the years ended December 31, 2014, 2013 and 2012, respectively)	598,046,000	516,657,000	414,690,000
Recurring fees	598,046,000	501,625,000	389,733,000
Previously deferred fees		15,032,000	24,957,000
Total management fees	598,046,000	516,657,000	414,690,000
Administrative fees and other income	28,447,000	23,955,000	19,005,000
Compensation and benefits	-373,142,000	-305,066,000	-237,346,000
General, administrative and other expenses	-106,087,000	-82,884,000	-58,481,000
Fee related earnings (loss)	147,264,000	152,662,000	137,868,000
Performance fees-realized	146,494,000	224,183,000	390,745,000
Performance fees-unrealized	94,883,000	71,983,000	34,017,000
Performance fee compensation-realized	-80,599,000	-134,187,000	-295,606,000
Performance fee compensation-unrealized	-89,429,000	-60,107,000	27,881,000
Net performance fees	71,349,000	101,872,000	157,037,000
Investment income (loss)-realized	52,579,000	77,022,000	81,508,000
Investment income (loss)-unrealized	10,933,000	-10,329,000	19,683,000
Interest and other income	15,698,000	18,815,000	17,983,000
Interest expense	-8,617,000	-11,337,000	-11,711,000
Net investment income (loss)	70,593,000	74,171,000	107,463,000
Performance related earnings	141,942,000	176,043,000	264,500,000
Economic net income (loss)	289,206,000	328,705,000	402,368,000
Distributable earnings (loss)	232,756,000	305,719,000	302,373,000
Total assets	$1,689,212,000	$1,444,782,000	$1,312,488,000

SEGMENT_REPORTING_Details_2

SEGMENT REPORTING (Details 2) (USD $)	3 Months Ended			12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Reconcile segment results to the Company's income before taxes and total assets
Revenues	$163,482	$175,161	$131,618	$603,889	$478,655	$334,046
Expenses	213,470	203,337	259,102	860,039	801,897	758,531
Other income (expense)				813,065	1,195,883	1,686,327
Economic net income / Income before taxes				556,915	872,641	1,261,842
Total assets	21,641,253			21,641,253	23,705,384	24,495,877
Ares Management L.P and Consolidated Funds | Operating segment
Reconcile segment results to the Company's income before taxes and total assets
Revenues				845,723	818,310	840,783
Expenses				484,046	461,584	475,755
Other income (expense)				70,593	74,171	107,463
Economic net income / Income before taxes				432,273	430,897	472,491
Total assets	1,674,006			1,674,006	1,435,066	1,303,343
Ares Management L.P and Consolidated Funds | Reconciling items
Reconcile segment results to the Company's income before taxes and total assets
Revenues				-241,834	-339,655	-506,737
Expenses				375,993	340,313	282,776
Other income (expense)				742,471	1,121,712	1,578,856
Economic net income / Income before taxes				124,640	441,744	789,351
Total assets	$19,967,247			$19,967,247	$22,270,318	$23,192,534

SEGMENT_REPORTING_Details_3

SEGMENT REPORTING (Details 3) (USD $)	3 Months Ended			12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Segment revenues
Total revenues	$163,482	$175,161	$131,618	$603,889	$478,655	$334,046
Segment expenses
Total expenses	213,470	203,337	259,102	860,039	801,897	758,531
Segment other income
Net investment income				813,065	1,195,883	1,686,327
Ares Management L.P and Consolidated Funds | Operating segment
Segment revenues
Management fees				598,046	516,657	414,690
Administrative fees and other income				6,300	5,487	1,331
Performance fees-realized				146,494	224,183	390,745
Performance fees-unrealized				94,883	71,983	34,017
Total revenues				845,723	818,310	840,783
Segment expenses
Compensation and benefits				264,112	221,778	175,994
General, administrative and other expenses				49,903	45,512	32,036
Performance fee compensation expense-realized				80,599	134,187	295,606
Performance fee compensation expense-unrealized				89,429	60,107	-27,881
Total expenses				484,046	461,584	475,755
Segment other income
Investment income (loss)-realized				52,579	77,022	81,508
Investment income (loss)-unrealized				10,933	-10,329	19,683
Interest and other income				15,698	18,815	17,983
Interest expense				-8,617	-11,337	-11,711
Net investment income				$70,593	$74,171	$107,463

SEGMENT_REPORTING_Details_4

SEGMENT REPORTING (Details 4) (USD $)	3 Months Ended			12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Revenue adjustment
Revenues	$163,482	$175,161	$131,618	$603,889	$478,655	$334,046
Ares Management L.P and Consolidated Funds | Reconciling items
Revenue adjustment
Revenues				-241,834	-339,655	-506,737
Ares Management L.P and Consolidated Funds | Reconciling items | AREA Sponsor Holdings, LLC
Revenue adjustment
Performance fees - Realized reclass				-1,856
Performance fees - Unrealized reclass				-12,731	-6,141
Ares Management L.P and Consolidated Funds | OMG
Revenue adjustment
Administrative fees and other income				22,147	18,468	17,674
Consolidated Funds | Eliminations
Revenue adjustment
Revenues				($249,394)	($351,983)	($524,411)

SEGMENT_REPORTING_Details_5

SEGMENT REPORTING (Details 5) (USD $)	3 Months Ended			8 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Dec. 31, 2014	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Expenses adjustment
Equity compensation expense				$20,091	$63,138	$28,837	$52,035
Income tax expense (benefit)					11,253	59,263	26,154
Amortization of intangibles					27,600	34,400	8,700
Total expenses	213,470	203,337	259,102		860,039	801,897	758,531
Ares Management L.P and Consolidated Funds | Reconciling items
Expenses adjustment
Acquisition-related expenses					11,043	6,235	-684
Equity compensation expense					83,230	28,837	52,035
Income tax expense (benefit)						546	579
Placement fees and underwriting costs					14,753	8,403	13,240
Amortization of intangibles					27,610	34,399	8,682
Depreciation expense					7,347	6,255	4,603
Total expenses					375,993	340,313	282,776
Ares Management L.P and Consolidated Funds | OMG
Expenses adjustment
Income tax expense (benefit)					-613	0	0
Total expenses					165,214	120,660	87,797
Consolidated Funds
Expenses adjustment
Income tax expense (benefit)					-5,283	41,840	4,338
Consolidated Funds | Reconciling items
Expenses adjustment
Consolidated Fund expenses added in consolidation					187,494	317,083	345,048
Consolidated Fund expenses eliminated in consolidation					($120,694)	($182,104)	($228,543)

SEGMENT_REPORTING_Details_6

SEGMENT REPORTING (Details 6) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Other income adjustment
Loss on disposal of fixed assets	$3,062
Non-cash other expense	324
Net investment income	813,065	1,195,883	1,686,327
Ares Management L.P and Consolidated Funds | Reconciling items
Other income adjustment
Net investment income	742,471	1,121,712	1,578,856
Consolidated Funds | Reconciling items
Other income adjustment
Consolidated Funds other income added in consolidation, net	785,152	1,175,864	1,664,489
Other income from Consolidated Funds eliminated in consolidation, net	-53,883	-60,291	-85,643
Loss on disposal of fixed assets	-3,062
Non-cash other expense	-324
Consolidated Funds | Reconciling items | AREA Sponsor Holdings, LLC
Other income adjustment
Performance fee reclass	$14,587	$6,141

SEGMENT_REPORTING_Details_7

SEGMENT REPORTING (Details 7) (USD $)	3 Months Ended			8 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Dec. 31, 2014	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Economic net income
Income (loss) before provision for income taxes	$167,636	($76,885)	$191,489		$556,915	$872,641	$1,261,842
Adjustments
Amortization of intangibles					27,600	34,400	8,700
Equity compensation expenses				20,091	63,138	28,837	52,035
Income tax expense (benefit)					11,253	59,263	26,154
Loss on fixed asset disposal					3,062
Non-cash other expense					324
Economic net income					556,915	872,641	1,261,842
Parent Company
Adjustments
Depreciation expense					7,300	6,300	4,600
Income tax expense (benefit)					16,536	17,423	21,816
Ares Management L.P and Consolidated Funds | Operating segment
Adjustments
Amortization of intangibles					27,610	34,399	8,682
Depreciation expense					7,347	6,255	4,603
Equity compensation expenses					83,230	28,837	52,035
Income tax expense (benefit)					1,722	546	579
Acquisition-related expenses					11,043	6,235	-684
Placement fees and underwriting costs					14,753	8,403	13,240
OMG expenses, net					-290,331	-254,854	-207,991
Economic net income					432,273	430,897	472,491
Ares Management L.P and Consolidated Funds | Reconciling items
Adjustments
Amortization of intangibles					27,610	34,399	8,682
Depreciation expense					7,347	6,255	4,603
Equity compensation expenses					83,230	28,837	52,035
Income tax expense (benefit)						546	579
Acquisition-related expenses					11,043	6,235	-684
Placement fees and underwriting costs					14,753	8,403	13,240
Economic net income					124,640	441,744	789,351
Ares Management L.P and Consolidated Funds | OMG
Adjustments
Income tax expense (benefit)					-613	0	0
OMG expenses, net					143,067	102,192	70,123
Economic net income					143,067	102,192	70,123
Consolidated Funds
Adjustments
Income tax expense (benefit)					-5,283	41,840	4,338
Income (loss) of non-controlling interests in Consolidated Funds					-417,793	-448,847	-734,517
Consolidated Funds | Operating segment
Adjustments
Income (loss) of non-controlling interests in Consolidated Funds					-420,358	-586,771	-933,592
Income tax expense (benefit) of non-controlling interests in Consolidated Funds					5,283	-41,840	-4,338
Consolidated Funds | Reconciling items
Adjustments
Loss on fixed asset disposal					-3,062
Non-cash other expense					($324)

SEGMENT_REPORTING_Details_8

SEGMENT REPORTING (Details 8) (USD $)	3 Months Ended			8 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Dec. 31, 2014	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Fee related earnings
Income (loss) before provision for income taxes	$167,636	($76,885)	$191,489		$556,915	$872,641	$1,261,842
Adjustments
Amortization of intangibles					27,600	34,400	8,700
Equity compensation expenses				20,091	63,138	28,837	52,035
Income tax expense (benefit)					11,253	59,263	26,154
Loss on fixed asset disposal					3,062
Economic net income (loss)					556,915	872,641	1,261,842
Total performance fee income - realized					-146,494	-224,183	-390,745
Total performance fee income - unrealized					-94,883	-71,983	-34,017
Total performance fee expense - realized					80,599	134,187	295,606
Total performance fee expense - unrealized					89,429	60,107	-27,881
Net investment income					-813,065	-1,195,883	-1,686,327
Parent Company
Adjustments
Depreciation expense					7,300	6,300	4,600
Income tax expense (benefit)					16,536	17,423	21,816
Management fees					486,477	375,572	249,584
Compensation and benefits					-456,372	-333,902	-288,719
Ares Management L.P and Consolidated Funds | Operating segment
Adjustments
Amortization of intangibles					27,610	34,399	8,682
Depreciation expense					7,347	6,255	4,603
Equity compensation expenses					83,230	28,837	52,035
Income tax expense (benefit)					1,722	546	579
Acquisition-related expenses					11,043	6,235	-684
Placement fees and underwriting costs					14,753	8,403	13,240
OMG expenses, net					-290,331	-254,854	-207,991
Economic net income (loss)					432,273	430,897	472,491
Total performance fee income - realized					-146,494	-224,183	-390,745
Total performance fee income - unrealized					-94,883	-71,983	-34,017
Total performance fee expense - unrealized					89,429	60,107	-27,881
Net investment income					-70,593	-74,171	-107,463
Management fees					598,046	516,657	414,690
Administrative Services Revenue					6,300	5,487	1,331
Compensation and benefits					-264,112	-221,778	-175,994
General, administrative and other expenses					-49,903	-45,512	-32,036
Fee related earnings					290,331	254,854	207,991
Ares Management L.P and Consolidated Funds | Reconciling items
Adjustments
Amortization of intangibles					27,610	34,399	8,682
Depreciation expense					7,347	6,255	4,603
Equity compensation expenses					83,230	28,837	52,035
Income tax expense (benefit)						546	579
Acquisition-related expenses					11,043	6,235	-684
Placement fees and underwriting costs					14,753	8,403	13,240
Economic net income (loss)					124,640	441,744	789,351
Net investment income					-742,471	-1,121,712	-1,578,856
Ares Management L.P and Consolidated Funds | OMG
Adjustments
Income tax expense (benefit)					-613	0	0
OMG expenses, net					143,067	102,192	70,123
Economic net income (loss)					143,067	102,192	70,123
Administrative Services Revenue					22,147	18,468	17,674
Compensation and benefits					-109,030	-83,288	-61,352
General, administrative and other expenses					-56,184	-37,372	-26,445
Fee related earnings					-143,067	-102,192	-70,123
Consolidated Funds
Adjustments
Income tax expense (benefit)					-5,283	41,840	4,338
Income (loss) of non-controlling interests in Consolidated Funds					-417,793	-448,847	-734,517
Consolidated Funds | Operating segment
Adjustments
Income (loss) of non-controlling interests in Consolidated Funds					-420,358	-586,771	-933,592
Income tax expense (benefit) of non-controlling interests in Consolidated Funds					5,283	-41,840	-4,338
Consolidated Funds | Reconciling items
Adjustments
Loss on fixed asset disposal					($3,062)

SEGMENT_REPORTING_Details_9

SEGMENT REPORTING (Details 9) (USD $)	3 Months Ended			8 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Dec. 31, 2014	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Performance Related Earnings:
Income before taxes	$167,636	($76,885)	$191,489		$556,915	$872,641	$1,261,842
Adjustments
Amortization of intangibles					27,600	34,400	8,700
Equity compensation expenses				20,091	63,138	28,837	52,035
Income tax expense (benefit)					11,253	59,263	26,154
Loss on fixed asset disposal					3,062
Non-cash other expense					324
Economic net income (loss)					556,915	872,641	1,261,842
Total performance fee income - realized					146,494	224,183	390,745
Total performance fee income - unrealized					94,883	71,983	34,017
Total performance fee compensation - realized					-80,599	-134,187	-295,606
Total performance fee compensation - unrealized					-89,429	-60,107	27,881
Net investment income (loss)					813,065	1,195,883	1,686,327
Performance related earnings					141,942	176,043	264,500
Parent Company
Adjustments
Depreciation expense					7,300	6,300	4,600
Income tax expense (benefit)					16,536	17,423	21,816
Total management fees					-486,477	-375,572	-249,584
Compensation and benefits					456,372	333,902	288,719
Ares Management L.P and Consolidated Funds | Operating segment
Adjustments
Amortization of intangibles					27,610	34,399	8,682
Depreciation expense					7,347	6,255	4,603
Equity compensation expenses					83,230	28,837	52,035
Income tax expense (benefit)					1,722	546	579
Acquisition-related expenses					11,043	6,235	-684
Placement fees and underwriting costs					14,753	8,403	13,240
OMG expenses, net					-290,331	-254,854	-207,991
Economic net income (loss)					432,273	430,897	472,491
Total management fees					-598,046	-516,657	-414,690
Administrative fees and other income					-6,300	-5,487	-1,331
Compensation and benefits					264,112	221,778	175,994
General, administrative and other expenses					49,903	45,512	32,036
Total performance fee income - realized					146,494	224,183	390,745
Total performance fee income - unrealized					94,883	71,983	34,017
Total performance fee compensation - unrealized					-89,429	-60,107	27,881
Net investment income (loss)					70,593	74,171	107,463
Performance related earnings					141,942	176,043	264,500
Ares Management L.P and Consolidated Funds | OMG
Adjustments
Income tax expense (benefit)					-613	0	0
OMG expenses, net					143,067	102,192	70,123
Economic net income (loss)					143,067	102,192	70,123
Administrative fees and other income					-22,147	-18,468	-17,674
Compensation and benefits					109,030	83,288	61,352
General, administrative and other expenses					56,184	37,372	26,445
Consolidated Funds
Adjustments
Income tax expense (benefit)					-5,283	41,840	4,338
Income (loss) of non-controlling interests in Consolidated Funds					-417,793	-448,847	-734,517
Consolidated Funds | Operating segment
Adjustments
Income (loss) of non-controlling interests in Consolidated Funds					-420,358	-586,771	-933,592
Income tax expense (benefit) of non-controlling interests in Consolidated Funds					$5,283	($41,840)	($4,338)

SEGMENT_REPORTING_Details_10

SEGMENT REPORTING (Details 10) (USD $)	3 Months Ended			8 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Dec. 31, 2014	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Distributable Earnings
Income before taxes	$167,636	($76,885)	$191,489		$556,915	$872,641	$1,261,842
Adjustments
Amortization of intangibles					27,600	34,400	8,700
Equity compensation expenses				20,091	63,138	28,837	52,035
Taxes paid					-2,335
Non-cash other expense					300	-600	100
Less:
Income tax expense					-11,253	-59,263	-26,154
Parent Company
Adjustments
Investment and other income realized, net					-2,422	-200	7
Less:
Income tax expense					-16,536	-17,423	-21,816
Non-cash depreciation and amortization					-36,129
Ares Management L.P and Consolidated Funds | Operating segment
Adjustments
Amortization of intangibles					27,610	34,399	8,682
Equity compensation expenses					83,230	28,837	52,035
Non-cash acquisition related expenses					11,043	6,235	-684
Non-cash other expense					-1,201
Unrealized performance fee expense					-94,883	-71,983	-34,017
Unrealized performance fee compensation					89,429	60,107	-27,881
Unrealized investment and other income (loss)					-10,933	10,329	-19,683
Distributable earnings (loss)					-381,605	-409,444	-373,413
Fee related earnings (loss)					290,331	254,854	207,991
Performance fees-realized					146,494	224,183	390,745
Performance fee compensation-realized					-80,599	-134,187	-295,606
Investment and other income realized, net					59,659	84,500	87,788
Net performance related earnings-realized					125,554	174,496	182,927
Less:
One-time acquisition costs					-8,446	-6,235
Income tax expense					-1,722	-546	-579
Non-cash income items					-1,525
Placement fees and underwriting costs					-14,753	-8,403	-13,240
Non-cash depreciation and amortization					-7,832	-4,722	-3,686
Distributable Earnings					381,605	409,444	373,413
Ares Management L.P and Consolidated Funds | OMG
Adjustments
Distributable earnings (loss)					148,849	103,725	71,040
Fee related earnings (loss)					-143,067	-102,192	-70,123
Less:
One-time acquisition costs					2,597	0
Income tax expense					613	0	0
Non-cash depreciation and amortization					2,577	1,533	917
Distributable Earnings					-148,849	-103,725	-71,040
Consolidated Funds
Adjustments
Income (loss) of non-controlling interests in Consolidated Funds					-417,793	-448,847	-734,517
Less:
Income tax expense					5,283	-41,840	-4,338
Consolidated Funds | Operating segment
Adjustments
Income (loss) of non-controlling interests in Consolidated Funds					-420,358	-586,771	-933,592
Income tax expense (benefit) of non-controlling interests in Consolidated Funds					$5,283	($41,840)	($4,338)

SEGMENT_REPORTING_Details_11

SEGMENT REPORTING (Details 11) (USD $)	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Reconciliation of total segment assets to total assets
Total assets	$21,641,253	$23,705,384	$24,495,877
Ares Management L.P and Consolidated Funds | Reconciling items
Reconciliation of total segment assets to total assets
Total assets	19,967,247	22,270,318	23,192,534
Ares Management L.P and Consolidated Funds | OMG
Reconciliation of total segment assets to total assets
Total assets	15,206	9,716	9,145
Consolidated Funds | Reconciling items
Reconciliation of total segment assets to total assets
Total assets from Consolidated Funds eliminated in consolidation	-806,765	-805,908	-841,351
Total assets from Consolidated Funds added in consolidation	$20,758,806	$23,066,510	$24,024,740

CONSOLIDATING_SCHEDULES_Detail

CONSOLIDATING SCHEDULES (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Apr. 30, 2014	Dec. 31, 2011
In Thousands, except Share data, unless otherwise specified
Assets
Loans held for investment, net	$77,514
Other assets	77,178	99,128
Goodwill	85,582	58,159
Total assets	21,641,253	23,705,384	24,495,877
Liabilities
Total liabilities	14,881,880	16,030,319
Commitments and contingencies
Controlling interest in Ares Management L.P.:
Partners' Capital (80,667,664 units, issued and outstanding)	285,025
Accumulated other comprehensive gain (loss)	-1,386
Total controlling interest in Ares Management L.P	283,639
Total equity	5,697,935	6,540,544
Total liabilities, redeemable interest, non-controlling interests and equity	21,641,253	23,705,384
Units issued (in units)	80,667,664
Units outstanding (in units)	80,667,664
Predecessor
Assets
Total assets		23,705,384
Liabilities
Total liabilities		16,030,319
Commitments and contingencies
Non-controlling interest in Consolidated Funds:
Members' equity and common stock of Predecessor		525,678
Controlling interest in Ares Management L.P.:
Total controlling interest in Ares Management L.P		525,678
Total equity		6,540,544
Total liabilities, redeemable interest, non-controlling interests and equity		23,705,384
Units issued (in units)		0
Units outstanding (in units)		0
Eliminations.
Assets
Total assets	-806,765	-805,908
Liabilities
Total liabilities	-135,082	-158,278
Controlling interest in Ares Management L.P.:
Accumulated other comprehensive gain (loss)	2,760
Total controlling interest in Ares Management L.P	2,760
Total equity	-671,683	-647,630
Total liabilities, redeemable interest, non-controlling interests and equity	-806,765	-805,908
Consolidated Company Entities | Eliminations.
Assets
Investments, at fair value	-424,022	-436,158
Performance fees receivable	-361,039	-344,069
Due from affiliates	-19,691	-21,705
Other assets	-93	-1,999
Liabilities
Accounts payable and accrued expenses	-602	-2,064
Due to affiliates	-851	-2,459
Performance fee compensation payable	-896
Consolidated Company Entities | Reportable legal entity
Assets
Cash and cash equivalents	148,858	89,802
Restricted cash and cash equivalents	32,734	13,344
Investments, at fair value	594,346	525,596
Derivative assets, at fair value	7,623	1,164
Performance fees receivable	548,098	481,751
Due from affiliates	166,225	130,625
Other assets	64,798	75,599
Intangible assets, net	40,948	68,742
Goodwill	85,582	58,159
Total assets	1,689,212	1,444,782
Liabilities
Accounts payable and accrued expenses	101,912	69,550
Accrued compensation	129,433	132,917
Derivative liabilities, at fair value	2,850	2,907
Due to affiliates	19,881	35,149
Debt obligations	245,752	153,119
Performance fee compensation payable	381,164	295,978
Equity compensation put option liability	20,000
Deferred tax liability, net	19,861	21,002
Total liabilities	920,853	710,622
Controlling interest in Ares Management L.P.:
Partners' Capital (80,667,664 units, issued and outstanding)	285,025
Accumulated other comprehensive gain (loss)	-4,146
Total controlling interest in Ares Management L.P	280,879
Total equity	744,372	693,409
Total liabilities, redeemable interest, non-controlling interests and equity	1,689,212	1,444,782
Consolidated Company Entities | Reportable legal entity | Predecessor
Non-controlling interest in Consolidated Funds:
Members' equity and common stock of Predecessor		525,678
Parent Company
Assets
Cash and cash equivalents	148,858	89,802
Restricted cash and cash equivalents	32,734	13,344
Investments, at fair value	170,324	89,438
Derivative assets, at fair value	7,623	1,164
Performance fees receivable	187,059	137,682
Due from affiliates	146,534	108,920
Other assets	64,705	73,600
Intangible assets, net	40,948	68,742
Goodwill	85,582	58,159
Receivable for securities sold		11,594
Liabilities
Accounts payable and accrued expenses	101,310	67,486
Accrued compensation	129,433	132,917
Derivative liabilities, at fair value	2,850	2,907
Due to affiliates	19,030	32,690
Debt obligations	245,752	153,119
Performance fee compensation payable	380,268	295,978
Equity compensation put option liability	20,000
Deferred tax liability, net	19,861	21,002
Controlling interest in Ares Management L.P.:
Total equity	5,697,935			5,650,645
Parent Company | Predecessor
Assets
Cash and cash equivalents		89,802	68,457		34,422
Restricted cash and cash equivalents		13,344
Investments, at fair value		89,438
Derivative assets, at fair value		1,164
Performance fees receivable		137,682
Due from affiliates		108,920
Other assets		73,600
Intangible assets, net		68,742
Goodwill		58,159
Liabilities
Accounts payable and accrued expenses		67,486
Accrued compensation		132,917
Derivative liabilities, at fair value		2,907
Due to affiliates		32,690
Debt obligations		153,119
Performance fee compensation payable		295,978
Deferred tax liability, net		21,002
Controlling interest in Ares Management L.P.:
Total equity		6,540,544	6,991,811
Consolidated Funds
Assets
Cash and cash equivalents	1,314,397	1,638,003
Investments, at fair value	19,123,950	20,823,338
Derivative assets, at fair value	3,126	14,625
Loans held for investment, net	77,514
Due from affiliates	11,342	2,010
Other assets	12,473	25,528
Dividends and interest receivable	81,331	133,158
Receivable for securities sold	132,753	427,871
Liabilities
Accounts payable and accrued expenses	68,589	95,839
Derivative liabilities, at fair value	42,332	75,115
Due to affiliates	2,441	2,695
Payable for securities purchased	618,902	945,115
Securities sold short, at fair value	3,763	1,633
Deferred tax liability, net	22,214	35,904
CLO loan obligations	12,049,170	11,774,157
Fund borrowings	777,600	2,070,598
Mezzanine debt	378,365	323,164
Redeemable interest	1,037,450	1,093,770	1,100,108	1,096,099
Non-controlling interest in Consolidated Funds:
Non-controlling interest in Consolidated Funds	4,988,729	5,691,874
Equity appropriated for Consolidated Funds	-37,926	155,261
Non-controlling interest	4,950,803	5,847,135
Consolidated Funds | Predecessor
Assets
Cash and cash equivalents		1,638,003
Investments, at fair value		20,823,338
Derivative assets, at fair value		14,625
Due from affiliates		2,010
Other assets		25,528
Dividends and interest receivable		133,158
Receivable for securities sold		427,871
Liabilities
Accounts payable and accrued expenses		95,839
Derivative liabilities, at fair value		75,115
Due to affiliates		2,695
Payable for securities purchased		945,115
Securities sold short, at fair value		1,633
Deferred tax liability, net		35,904
CLO loan obligations		11,774,157
Fund borrowings		2,070,598
Mezzanine debt		323,164
Redeemable interest		1,093,770
Non-controlling interest in Consolidated Funds:
Non-controlling interest in Consolidated Funds		5,691,874
Equity appropriated for Consolidated Funds		155,261
Non-controlling interest		5,847,135
Consolidated Funds | Eliminations.
Assets
Due from affiliates	-1,920
Other assets		-1,977
Liabilities
Accounts payable and accrued expenses	-85
Due to affiliates	-60,976	-89,516
CLO loan obligations	-71,672	-64,239
Non-controlling interest in Consolidated Funds:
Non-controlling interest in Consolidated Funds	-674,443	-647,630
Non-controlling interest	-674,443	-647,630
Consolidated Funds | Reportable legal entity
Assets
Cash and cash equivalents	1,314,397	1,638,003
Investments, at fair value	19,123,950	20,823,338
Derivative assets, at fair value	3,126	14,625
Loans held for investment, net	77,514
Due from affiliates	13,262	2,010
Other assets	12,473	27,505
Dividends and interest receivable	81,331	133,158
Receivable for securities sold	132,753	427,871
Total assets	20,758,806	23,066,510
Liabilities
Accounts payable and accrued expenses	68,674	95,839
Derivative liabilities, at fair value	42,332	75,115
Due to affiliates	63,417	92,211
Payable for securities purchased	618,902	945,115
Securities sold short, at fair value	3,763	1,633
Deferred tax liability, net	22,214	35,904
CLO loan obligations	12,120,842	11,838,396
Fund borrowings	777,600	2,070,598
Mezzanine debt	378,365	323,164
Total liabilities	14,096,109	15,477,975
Redeemable interest	1,037,450	1,093,770
Non-controlling interest in Consolidated Funds:
Non-controlling interest in Consolidated Funds	5,663,172	6,339,504
Equity appropriated for Consolidated Funds	-37,926	155,261
Non-controlling interest	5,625,246	6,494,765
Controlling interest in Ares Management L.P.:
Total equity	5,625,246	6,494,765
Total liabilities, redeemable interest, non-controlling interests and equity	20,758,806	23,066,510
AOG
Liabilities
Redeemable interest	23,988	40,751
Non-controlling interest in Consolidated Funds:
Non-controlling interest	463,493	167,731
AOG | Predecessor
Liabilities
Redeemable interest		40,751
Non-controlling interest in Consolidated Funds:
Non-controlling interest		167,731
AOG | Reportable legal entity
Liabilities
Redeemable interest	23,988	40,751
Non-controlling interest in Consolidated Funds:
Non-controlling interest	$463,493	$167,731

CONSOLIDATING_SCHEDULES_Detail1

CONSOLIDATING SCHEDULES (Details 2) (USD $)	3 Months Ended			8 Months Ended	12 Months Ended			3 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Dec. 31, 2014	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013
Revenues
Total revenues	$163,482	$175,161	$131,618		$603,889	$478,655	$334,046
Expenses
Total expenses	213,470	203,337	259,102		860,039	801,897	758,531
Other income (expense)
Total other income (expense)	217,624	-48,709	318,973		813,065	1,195,883	1,686,327
Income before taxes	167,636	-76,885	191,489		556,915	872,641	1,261,842
Income tax expense (benefit)					11,253	59,263	26,154
Net income	157,354	-79,284	186,222		545,662	813,378	1,235,688
Net income	3,175	13,971	17,842	34,988	34,988
Predecessor
Revenues
Total revenues						478,655	334,046	133,628	145,939	135,877	89,302	107,537
Expenses
Total expenses						801,897	758,531	184,130	242,000	237,037	109,793	213,067
Other income (expense)
Total other income (expense)						1,195,883	1,686,327	325,177	440,553	512,147	-109,931	353,114
Income before taxes						872,641	1,261,842	274,675	344,492	410,987	-130,422	247,584
Income tax expense (benefit)						59,263	26,154
Net income						813,378	1,235,688	281,370	320,781	406,197	-136,734	223,134
Less: Net income attributable to non-controlling interests						180,482	220,646
Net income						180,482	220,646
Affiliated entity | ARCC
Revenues
Management fees (includes ARCC Part I Fees of $118,537, $110,511 and $95,182 for the years ended December 31, 2014, 2013 and 2012, respectively)					118,537	110,511	95,182
Affiliated entity | ARCC | Predecessor
Revenues
Management fees (includes ARCC Part I Fees of $118,537, $110,511 and $95,182 for the years ended December 31, 2014, 2013 and 2012, respectively)						110,511	95,182
Eliminations.
Revenues
Total revenues					-249,394	-351,983	-524,411
Expenses
Total expenses					-120,694	-182,104	-228,543
Other income (expense)
Total other income (expense)					-53,883	-60,291	-85,643
Income before taxes					-182,583	-230,170	-381,511
Net income					-182,583	-230,170	-381,511
Consolidated Company Entities | Eliminations.
Revenues
Management fees (includes ARCC Part I Fees of $118,537, $110,511 and $95,182 for the years ended December 31, 2014, 2013 and 2012, respectively)					-111,569	-141,085	-165,106
Performance fees					-135,378	-210,226	-355,271
Other fees					-2,447	-672	-4,034
Expenses
General, administrative and other expense						-258
Other income (expense)
Interest and other investment income					-8,712	-12,819	-9,559
Other income (expense), net					1,222
Net realized gain (loss) on investments					-46,622	-83,388	-74,846
Net change in unrealized appreciation (depreciation) on investments					649	19,278	-21,364
Consolidated Company Entities | Reportable legal entity
Revenues
Management fees (includes ARCC Part I Fees of $118,537, $110,511 and $95,182 for the years ended December 31, 2014, 2013 and 2012, respectively)					598,046	516,657	414,690
Performance fees					226,790	290,026	424,762
Other fees					28,447	23,955	19,005
Total revenues					853,283	830,638	858,457
Expenses
Compensation and benefits					456,372	333,902	288,719
Performance fee compensation					170,028	194,294	267,725
General, administrative and other expense					166,839	138,722	85,582
Total expenses					793,239	666,918	642,026
Other income (expense)
Interest and other investment income					15,956	18,815	17,983
Interest expense					-8,617	-9,475	-8,679
Debt extinguishment expense						-1,862	-3,032
Other income (expense), net					-3,644	-200	7
Net realized gain (loss) on investments					54,434	77,015	81,508
Net change in unrealized appreciation (depreciation) on investments					23,667	-3,983	19,694
Total other income (expense)					81,796	80,310	107,481
Income before taxes					141,840	244,030	323,912
Income tax expense (benefit)					16,536	17,423	21,816
Net income					125,304	226,607	302,096
Net income					34,988
Consolidated Company Entities | Reportable legal entity | Predecessor
Other income (expense)
Less: Net income attributable to non-controlling interests						180,482	220,646
Parent Company
Revenues
Management fees (includes ARCC Part I Fees of $118,537, $110,511 and $95,182 for the years ended December 31, 2014, 2013 and 2012, respectively)					486,477	375,572	249,584
Performance fees					91,412	79,800	69,491
Other fees					26,000	23,283	14,971
Expenses
Compensation and benefits					456,372	333,902	288,719
Performance fee compensation					170,028	194,294	267,725
General, administrative and other expense					166,839	138,464	85,582
Other income (expense)
Interest and other investment income					7,244	5,996	8,424
Interest expense					-8,617	-9,475	-8,679
Debt extinguishment expense					0	-1,862	-3,032
Other income (expense), net					-2,422	-200	7
Net realized gain (loss) on investments					7,812	-6,373	6,662
Net change in unrealized appreciation (depreciation) on investments					24,316	15,295	-1,670
Income tax expense (benefit)					16,536	17,423	21,816
Parent Company | Predecessor
Revenues
Management fees (includes ARCC Part I Fees of $118,537, $110,511 and $95,182 for the years ended December 31, 2014, 2013 and 2012, respectively)						375,572	249,584
Performance fees						79,800	69,491
Other fees						23,283	14,971
Expenses
Compensation and benefits						333,902	288,719
Performance fee compensation						194,294	267,725
General, administrative and other expense						138,464	85,582
Other income (expense)
Interest and other investment income						5,996	8,424
Interest expense						-9,475	-8,679
Debt extinguishment expense						-1,862	-3,032
Other income (expense), net						-200	7
Net realized gain (loss) on investments						-6,373	6,662
Net change in unrealized appreciation (depreciation) on investments						15,295	-1,670
Consolidated Funds
Expenses
Consolidated Fund expenses					66,800	135,237	116,505
Other income (expense)
Interest and other investment income					937,835	1,236,037	1,406,593
Interest expense					-666,373	-534,431	-449,377
Debt extinguishment expense						11,800
Net realized gain (loss) on investments					44,781	64,382	1,794,412
Net change in unrealized appreciation (depreciation) on investments					468,489	414,714	-1,067,013
Income tax expense (benefit)					-5,283	41,840	4,338
Less: Net Income attributable to redeemable interests					2,565	137,924	199,075
Less: Net income attributable to non-controlling interests					417,793	448,847	734,517
Debt extinguishment gain of Consolidated Funds						11,800
Consolidated Funds | Predecessor
Expenses
Consolidated Fund expenses						135,237	116,505
Other income (expense)
Interest and other investment income						1,236,037	1,406,593
Interest expense						-534,431	-449,377
Debt extinguishment expense						11,800
Net realized gain (loss) on investments						64,382	1,794,412
Net change in unrealized appreciation (depreciation) on investments						414,714	-1,067,013
Less: Net Income attributable to redeemable interests						137,924	199,075
Less: Net income attributable to non-controlling interests						448,847	734,517
Debt extinguishment gain of Consolidated Funds						11,800
Consolidated Funds | Eliminations.
Expenses
Consolidated Fund expenses					-120,694	-181,846	-228,543
Other income (expense)
Interest and other investment income					-1,900	-683	-1,164
Interest expense					8,000	8,156	14,696
Net change in unrealized appreciation (depreciation) on investments					-6,520	9,165	6,594
Less: Net Income attributable to redeemable interests					-506	-3,116	-3,116
Less: Net income attributable to non-controlling interests					-182,077	-227,054	-378,395
Consolidated Funds | Reportable legal entity
Expenses
Consolidated Fund expenses					187,494	317,083	345,048
Total expenses					187,494	317,083	345,048
Other income (expense)
Interest and other investment income					939,735	1,236,720	1,407,757
Interest expense					-674,373	-542,587	-464,073
Debt extinguishment expense						11,800
Net realized gain (loss) on investments					44,781	64,382	1,794,412
Net change in unrealized appreciation (depreciation) on investments					475,009	405,549	-1,073,607
Total other income (expense)					785,152	1,175,864	1,664,489
Income before taxes					597,658	858,781	1,319,441
Income tax expense (benefit)					-5,283	41,840	4,338
Net income					602,941	816,941	1,315,103
Less: Net Income attributable to redeemable interests					3,071	141,040	202,191
Less: Net income attributable to non-controlling interests					599,870	675,901	1,112,912
AOG
Other income (expense)
Less: Net Income attributable to redeemable interests					731	2,451	3,293
Less: Net income attributable to non-controlling interests					89,585	43,674	78,157
AOG | Predecessor
Other income (expense)
Less: Net Income attributable to redeemable interests						2,451	3,293
Less: Net income attributable to non-controlling interests						43,674	78,157
AOG | Reportable legal entity
Other income (expense)
Less: Net Income attributable to redeemable interests					731	2,451	3,293
Less: Net income attributable to non-controlling interests					$89,585	$43,674	$78,157

SUBSEQUENT_EVENTS_Details

SUBSEQUENT EVENTS (Details) (USD $)	12 Months Ended	0 Months Ended		1 Months Ended		3 Months Ended	8 Months Ended	0 Months Ended
	Dec. 31, 2014	Nov. 24, 2014	Aug. 25, 2014	Jul. 31, 2014	Mar. 31, 2015	Mar. 31, 2015	Dec. 31, 2014	Jan. 01, 2015	Jul. 01, 2015	Dec. 31, 2013
Business Combination Consideration Transferred
Units issued (in units)	80,667,664						80,667,664
Business Combination Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net
Goodwill, Total	85,582,000						$85,582,000			$58,159,000
AOG
Business Combination Consideration Transferred
Units issued (in units)	80,667,664						80,667,664
Minimum
Business Combination Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net
Estimated useful lives	1 year
Maximum
Business Combination Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net
Estimated useful lives	10 years
Restricted unit
Subsequent events
Quarterly distribution declared (in dollars per unit)		$0.24	$0.18
Stock Options
Guarantees and Commitments
Vesting rights (as a percent)	33.00%
ACRE | Revolving credit line | City National Bank
Guarantees and Commitments
Credit support fee percent				1.50%
Subsequent event
Subsequent events
Quarterly distribution declared (in dollars per unit)					$0.24
Vesting percentage between first and second year after grant						11.00%
Vesting percentage between second and third year after grant						22.00%
Pro Forma Information
Total Revenues	42,767,000						28,512,000
Net Income Attributable to Ares Management, L.P.	174,000						116,000
Earnings Per Common Unit - Basic and Diluted	0						$0
Subsequent event | Minimum
Guarantees and Commitments
Future commitment percent of Fund V								1.50%
Subsequent event | Maximum
Guarantees and Commitments
Future commitment percent of Fund V								2.50%
Subsequent event | Revolving credit line | Subsidiary | EIF Guaranteed Facility
Guarantees and Commitments
Maximum borrowing capacity								18,000,000
Number of times								3
Cash, cash equivalent or amount available under any revolving credit facility								50,000,000
Credit support fee percent								5.00%
Subsequent event | EIF Management, LLC
Business Combination Consideration Transferred
Assets under management								4,000,000
Number of commingled funds and related co-investment vehicles								4
Cash								64,532,000
Equity (1,578,947 Ares Operating Group units)								25,468,000
Contingent consideration								59,171,000
Business Combination, Consideration Transferred, Total								149,171,000
The fair value of the liability for contingent consideration								78,000,000
The fair value of the equity portion of the liability of contingent consideration								18,800,000
Contingent consideration discount rate								4.10%
Number of leases evaluated								3
Business Combination Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net
Cash								95,000
Other tangible assets								610,000
Total intangible assets acquired								90,321,000
Total identifiable assets acquired								91,026,000
Accounts payable, accrued expenses and other liabilities								455,000
Total liabilities assumed								455,000
Net identifiable assets acquired								90,571,000
Goodwill: Assembled workforce								8,300,000
Goodwill: Others								50,300,000
Goodwill, Total								58,600,000
Net assets acquired								149,171,000
Acquisition-related expenses								2,900,000
Goodwill expected to be deductible for income tax purposes								0
Subsequent event | EIF Management, LLC | Private Equity Group
Business Combination Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net
Percent of goodwill allocated to segment								100.00%
Subsequent event | EIF Management, LLC | Management Contracts
Business Combination Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net
Total intangible assets acquired								48,521,000
Subsequent event | EIF Management, LLC | Client Relationships
Business Combination Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net
Total intangible assets acquired								38,600,000
Subsequent event | EIF Management, LLC | Trade Name
Business Combination Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net
Total intangible assets acquired								3,200,000
Subsequent event | EIF Management, LLC | AOG
Business Combination Consideration Transferred
Units issued (in units)								1,578,947
Subsequent event | EIF Management, LLC | Minimum
Business Combination Consideration Transferred
Fund V final closing vesting period								2 years
Contingent consideration adjusted revenue amount								16,900,000
Subsequent event | EIF Management, LLC | Minimum | Management Contracts
Business Combination Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net
Estimated useful lives								2 years
Subsequent event | EIF Management, LLC | Minimum | Client Relationships
Business Combination Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net
Estimated useful lives								12 years
Subsequent event | EIF Management, LLC | Minimum | Trade Name
Business Combination Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net
Estimated useful lives								7 years
Subsequent event | EIF Management, LLC | Maximum
Business Combination Consideration Transferred
Fund V final closing vesting period								5 years
Percentage of Ares Operating Group Units exchangeable									50.00%
Contingent consideration adjusted revenue amount								45,000,000
Subsequent event | EIF Management, LLC | Maximum | Management Contracts
Business Combination Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net
Estimated useful lives								4 years
Subsequent event | EIF Management, LLC | Maximum | Client Relationships
Business Combination Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net
Estimated useful lives								15 years
Subsequent event | EIF Management, LLC | Maximum | Trade Name
Business Combination Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net
Estimated useful lives								8 years
Subsequent event | Restricted unit
Subsequent events
Restricted stock granted						144,196
Guarantees and Commitments
Restricted stock granted (in units)						144,196
Subsequent event | Stock Options
Subsequent events
Options granted						680,682

QUARTERLY_FINANCIAL_DATA_UNAUD2

QUARTERLY FINANCIAL DATA (UNAUDITED) (Details) (USD $)	3 Months Ended			8 Months Ended	12 Months Ended			3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Dec. 31, 2014	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013
Revenues	$163,482	$175,161	$131,618		$603,889	$478,655	$334,046
Expenses	213,470	203,337	259,102		860,039	801,897	758,531
Other income (loss)	217,624	-48,709	318,973		813,065	1,195,883	1,686,327
Income (loss) before provision for income taxes	167,636	-76,885	191,489		556,915	872,641	1,261,842
Net income (loss)	157,354	-79,284	186,222		545,662	813,378	1,235,688
Net income (loss) attributable to Ares Management, L.P.	3,175	13,971	17,842	34,988	34,988
Net income (loss) attributable to Ares Management L.P. per common unit
Basic (in dollars per unit)	$0.04	$0.17	$0.22	$0.43	$0.43
Diluted (in dollars per unit)	$0.04	$0.17	$0.22	$0.43	$0.43
Distributions declared per common unit	$0.24	$0.24	$0.18	$0.24	$0.24
Predecessor
Revenues						478,655	334,046	133,628	145,939	135,877	89,302	107,537
Expenses						801,897	758,531	184,130	242,000	237,037	109,793	213,067
Other income (loss)						1,195,883	1,686,327	325,177	440,553	512,147	-109,931	353,114
Income (loss) before provision for income taxes						872,641	1,261,842	274,675	344,492	410,987	-130,422	247,584
Net income (loss)						813,378	1,235,688	281,370	320,781	406,197	-136,734	223,134
Net income (loss) attributable to Ares Management, L.P.						$180,482	$220,646