333770009166000038786000116336000P11Y2M15DP10Y11M8DP11Y0M29DP10Y11M26D0.98268400000false--12-31Q3201900011769480.010.010.010.010.010.01150000000010004999990001500000000100049999900010159409510001114719768100010.01550.010.00250.0125000.1480.0100.1310.04918000005700000P2Y5M4DP2Y11M4D22.97.238.87.738.839.021.035.79.037.114.6P2Y6MP2Y4M24DP8Y9M18DP2Y9M18D08410790001250191000P11YP1Y1065000000.0000.0015P6Y8M12D124000000.0110000000001000000000124000001240000012400000124000000.33330.25 0001176948 2019-01-01 2019-09-30 0001176948 us-gaap:SeriesAPreferredStockMember 2019-01-01 2019-09-30 0001176948 us-gaap:CommonClassAMember 2019-01-01 2019-09-30 0001176948 us-gaap:CommonClassAMember 2019-10-31 0001176948 us-gaap:CommonClassCMember 2019-10-31 0001176948 us-gaap:CommonClassBMember 2019-10-31 0001176948 srt:ParentCompanyMember 2019-09-30 0001176948 srt:ParentCompanyMember 2018-12-31 0001176948 2018-12-31 0001176948 2019-09-30 0001176948 us-gaap:CommonClassCMember 2019-09-30 0001176948 ares:ConsolidatedFundsMember 2018-12-31 0001176948 us-gaap:CommonClassBMember 2019-09-30 0001176948 us-gaap:CommonClassCMember 2018-12-31 0001176948 ares:ConsolidatedFundsMember 2019-09-30 0001176948 us-gaap:CommonClassAMember 2019-09-30 0001176948 ares:AresOperatingGroupMember 2018-12-31 0001176948 us-gaap:CommonClassAMember 2018-12-31 0001176948 us-gaap:CommonClassBMember 2018-12-31 0001176948 ares:AresOperatingGroupMember 2019-09-30 0001176948 srt:ParentCompanyMember ares:AccruedInterestMember 2019-09-30 0001176948 srt:ParentCompanyMember ares:AccruedInterestMember 2018-12-31 0001176948 2019-07-01 2019-09-30 0001176948 2018-07-01 2018-09-30 0001176948 ares:ConsolidatedFundsMember 2018-01-01 2018-09-30 0001176948 srt:ParentCompanyMember 2019-01-01 2019-09-30 0001176948 srt:ParentCompanyMember 2018-01-01 2018-09-30 0001176948 ares:ConsolidatedFundsMember 2018-07-01 2018-09-30 0001176948 srt:ParentCompanyMember us-gaap:ManagementServiceMember 2018-07-01 2018-09-30 0001176948 srt:ParentCompanyMember 2018-07-01 2018-09-30 0001176948 2018-01-01 2018-09-30 0001176948 ares:ConsolidatedFundsMember 2019-07-01 2019-09-30 0001176948 ares:ConsolidatedFundsMember 2019-01-01 2019-09-30 0001176948 srt:ParentCompanyMember 2019-07-01 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:ManagementServiceIncentiveMember 2018-07-01 2018-09-30 0001176948 srt:ParentCompanyMember us-gaap:ManagementServiceMember 2019-01-01 2019-09-30 0001176948 srt:ParentCompanyMember ares:CarriedInterestMember 2018-01-01 2018-09-30 0001176948 srt:ParentCompanyMember ares:CarriedInterestMember 2019-07-01 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:AdministrativeServiceMember 2018-01-01 2018-09-30 0001176948 srt:ParentCompanyMember us-gaap:AdministrativeServiceMember 2018-07-01 2018-09-30 0001176948 srt:ParentCompanyMember us-gaap:AdministrativeServiceMember 2019-01-01 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:ManagementServiceIncentiveMember 2019-07-01 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:ManagementServiceMember 2019-07-01 2019-09-30 0001176948 ares:AresOperatingGroupMember 2019-07-01 2019-09-30 0001176948 ares:AresOperatingGroupMember 2018-07-01 2018-09-30 0001176948 ares:AresOperatingGroupMember 2018-01-01 2018-09-30 0001176948 srt:ParentCompanyMember us-gaap:ManagementServiceIncentiveMember 2019-01-01 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:ManagementServiceMember 2018-01-01 2018-09-30 0001176948 srt:ParentCompanyMember ares:PrincipalInvestmentIncomeMember 2018-01-01 2018-09-30 0001176948 ares:CarriedInterestMember 2019-01-01 2019-09-30 0001176948 srt:ParentCompanyMember ares:PrincipalInvestmentIncomeMember 2019-07-01 2019-09-30 0001176948 srt:ParentCompanyMember ares:PrincipalInvestmentIncomeMember 2018-07-01 2018-09-30 0001176948 srt:ParentCompanyMember ares:CarriedInterestMember 2018-07-01 2018-09-30 0001176948 srt:ParentCompanyMember ares:PrincipalInvestmentIncomeMember 2019-01-01 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:ManagementServiceIncentiveMember 2018-01-01 2018-09-30 0001176948 srt:ParentCompanyMember us-gaap:AdministrativeServiceMember 2019-07-01 2019-09-30 0001176948 ares:AresOperatingGroupMember 2019-01-01 2019-09-30 0001176948 srt:ParentCompanyMember ares:AresCapitalCorporationMember srt:AffiliatedEntityMember 2019-07-01 2019-09-30 0001176948 srt:ParentCompanyMember ares:AresCapitalCorporationMember srt:AffiliatedEntityMember 2019-01-01 2019-09-30 0001176948 srt:ParentCompanyMember ares:AresCapitalCorporationMember srt:AffiliatedEntityMember 2018-07-01 2018-09-30 0001176948 srt:ParentCompanyMember ares:AresCapitalCorporationMember srt:AffiliatedEntityMember 2018-01-01 2018-09-30 0001176948 srt:ParentCompanyMember us-gaap:CommonClassAMember us-gaap:CommonStockMember 2019-04-01 2019-06-30 0001176948 ares:AresOperatingGroupMember us-gaap:NoncontrollingInterestMember 2019-01-01 2019-03-31 0001176948 srt:ParentCompanyMember us-gaap:RetainedEarningsMember 2019-06-30 0001176948 ares:AresOperatingGroupMember us-gaap:NoncontrollingInterestMember 2019-07-01 2019-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:NoncontrollingInterestMember 2018-12-31 0001176948 us-gaap:PreferredClassAMember 2019-07-01 2019-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:NoncontrollingInterestMember 2019-04-01 2019-06-30 0001176948 srt:ParentCompanyMember us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-06-30 0001176948 ares:AresOperatingGroupMember us-gaap:NoncontrollingInterestMember 2019-04-01 2019-06-30 0001176948 srt:ParentCompanyMember us-gaap:CommonClassAMember us-gaap:CommonStockMember 2019-06-30 0001176948 2019-01-01 2019-03-31 0001176948 2019-04-01 2019-06-30 0001176948 srt:ParentCompanyMember us-gaap:RetainedEarningsMember 2019-03-31 0001176948 us-gaap:PreferredClassAMember 2019-04-01 2019-06-30 0001176948 srt:ParentCompanyMember us-gaap:AdditionalPaidInCapitalMember 2019-07-01 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:CommonClassAMember us-gaap:CommonStockMember 2019-07-01 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:AdditionalPaidInCapitalMember 2018-12-31 0001176948 us-gaap:PreferredClassAMember 2019-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:NoncontrollingInterestMember 2019-07-01 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:AdditionalPaidInCapitalMember 2019-04-01 2019-06-30 0001176948 ares:AresOperatingGroupMember us-gaap:NoncontrollingInterestMember 2019-09-30 0001176948 ares:AresOperatingGroupMember us-gaap:NoncontrollingInterestMember 2019-06-30 0001176948 srt:ParentCompanyMember us-gaap:RetainedEarningsMember 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:RetainedEarningsMember 2019-01-01 2019-03-31 0001176948 srt:ParentCompanyMember us-gaap:CommonClassAMember us-gaap:CommonStockMember 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:AdditionalPaidInCapitalMember 2019-09-30 0001176948 ares:AresOperatingGroupMember us-gaap:NoncontrollingInterestMember 2018-12-31 0001176948 srt:ParentCompanyMember us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-12-31 0001176948 srt:ParentCompanyMember us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-03-31 0001176948 ares:ConsolidatedFundsMember us-gaap:NoncontrollingInterestMember 2019-01-01 2019-03-31 0001176948 srt:ParentCompanyMember us-gaap:CommonClassAMember us-gaap:CommonStockMember 2018-12-31 0001176948 2019-03-31 0001176948 srt:ParentCompanyMember us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-07-01 2019-09-30 0001176948 us-gaap:PreferredClassAMember 2019-01-01 2019-03-31 0001176948 us-gaap:PreferredClassAMember 2018-12-31 0001176948 srt:ParentCompanyMember us-gaap:RetainedEarningsMember 2019-07-01 2019-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:NoncontrollingInterestMember 2019-06-30 0001176948 us-gaap:PreferredClassAMember 2019-03-31 0001176948 srt:ParentCompanyMember us-gaap:RetainedEarningsMember 2019-04-01 2019-06-30 0001176948 ares:ConsolidatedFundsMember us-gaap:NoncontrollingInterestMember 2019-09-30 0001176948 ares:AresOperatingGroupMember us-gaap:NoncontrollingInterestMember 2019-03-31 0001176948 ares:ConsolidatedFundsMember us-gaap:NoncontrollingInterestMember 2019-03-31 0001176948 srt:ParentCompanyMember us-gaap:RetainedEarningsMember 2018-12-31 0001176948 us-gaap:PreferredClassAMember 2019-06-30 0001176948 2019-06-30 0001176948 srt:ParentCompanyMember us-gaap:AdditionalPaidInCapitalMember 2019-03-31 0001176948 srt:ParentCompanyMember us-gaap:CommonClassAMember us-gaap:CommonStockMember 2019-01-01 2019-03-31 0001176948 srt:ParentCompanyMember us-gaap:AdditionalPaidInCapitalMember 2019-01-01 2019-03-31 0001176948 srt:ParentCompanyMember us-gaap:AdditionalPaidInCapitalMember 2019-06-30 0001176948 srt:ParentCompanyMember us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-03-31 0001176948 srt:ParentCompanyMember us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-04-01 2019-06-30 0001176948 srt:ParentCompanyMember us-gaap:CommonClassAMember us-gaap:CommonStockMember 2019-03-31 0001176948 srt:ParentCompanyMember us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-09-30 0001176948 2018-01-01 2018-03-31 0001176948 2018-04-01 2018-06-30 0001176948 ares:AresOperatingGroupMember us-gaap:NoncontrollingInterestMember 2018-03-31 0001176948 ares:AresOperatingGroupMember us-gaap:NoncontrollingInterestMember 2018-01-01 2018-03-31 0001176948 2018-10-01 2018-12-31 0001176948 ares:AresOperatingGroupMember us-gaap:NoncontrollingInterestMember 2018-04-01 2018-06-30 0001176948 ares:ConsolidatedFundsMember us-gaap:NoncontrollingInterestMember 2018-03-31 0001176948 ares:AresOperatingGroupMember us-gaap:NoncontrollingInterestMember 2018-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:NoncontrollingInterestMember 2018-10-01 2018-12-31 0001176948 srt:ParentCompanyMember us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-10-01 2018-12-31 0001176948 srt:ParentCompanyMember ares:PartnersCapitalMember 2018-12-31 0001176948 ares:ConsolidatedFundsMember us-gaap:NoncontrollingInterestMember 2018-06-30 0001176948 srt:ParentCompanyMember ares:PartnersCapitalMember 2018-04-01 2018-06-30 0001176948 srt:ParentCompanyMember us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-01-01 2018-03-31 0001176948 srt:ParentCompanyMember us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-04-01 2018-06-30 0001176948 srt:ParentCompanyMember us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-12-31 0001176948 ares:AresOperatingGroupMember us-gaap:NoncontrollingInterestMember 2018-07-01 2018-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:NoncontrollingInterestMember 2018-01-01 2018-03-31 0001176948 srt:ParentCompanyMember us-gaap:AccountingStandardsUpdate201802Member us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-01-01 0001176948 srt:ParentCompanyMember ares:PartnersCapitalMember 2018-09-30 0001176948 ares:AresOperatingGroupMember us-gaap:NoncontrollingInterestMember 2018-10-01 2018-12-31 0001176948 srt:ParentCompanyMember us-gaap:AdditionalPaidInCapitalMember 2018-10-01 2018-12-31 0001176948 ares:AresOperatingGroupMember us-gaap:NoncontrollingInterestMember 2018-07-01 2018-09-30 0001176948 ares:PartnersCapitalMember us-gaap:PreferredPartnerMember 2018-04-01 2018-06-30 0001176948 2018-03-31 0001176948 ares:ConsolidatedFundsMember us-gaap:NoncontrollingInterestMember 2018-07-01 2018-09-30 0001176948 srt:ParentCompanyMember ares:PartnersCapitalMember 2018-07-01 2018-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:NoncontrollingInterestMember 2017-12-31 0001176948 srt:ParentCompanyMember ares:PartnersCapitalMember 2018-01-01 2018-03-31 0001176948 srt:ParentCompanyMember ares:PartnersCapitalMember 2018-06-30 0001176948 ares:AresOperatingGroupMember us-gaap:NoncontrollingInterestMember 2017-12-31 0001176948 us-gaap:AccountingStandardsUpdate201802Member 2018-01-01 0001176948 ares:AresOperatingGroupMember us-gaap:NoncontrollingInterestMember 2018-10-01 2018-12-31 0001176948 srt:ParentCompanyMember us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-07-01 2018-09-30 0001176948 srt:ParentCompanyMember us-gaap:AccountingStandardsUpdate201409Member ares:PartnersCapitalMember 2018-01-01 0001176948 ares:PartnersCapitalMember us-gaap:PreferredPartnerMember 2018-07-01 2018-09-30 0001176948 ares:PartnersCapitalMember us-gaap:PreferredPartnerMember 2018-12-31 0001176948 ares:ConsolidatedFundsMember us-gaap:NoncontrollingInterestMember 2018-04-01 2018-06-30 0001176948 srt:ParentCompanyMember ares:PartnersCapitalMember 2018-03-31 0001176948 ares:PartnersCapitalMember us-gaap:PreferredPartnerMember 2017-12-31 0001176948 srt:ParentCompanyMember ares:PartnersCapitalMember 2018-10-01 2018-12-31 0001176948 srt:ParentCompanyMember ares:PartnersCapitalMember 2017-12-31 0001176948 ares:ConsolidatedFundsMember us-gaap:NoncontrollingInterestMember 2018-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:AccountingStandardsUpdate201409Member us-gaap:NoncontrollingInterestMember 2018-01-01 0001176948 ares:PartnersCapitalMember us-gaap:PreferredPartnerMember 2018-01-01 2018-03-31 0001176948 us-gaap:PreferredClassAMember 2018-10-01 2018-12-31 0001176948 srt:ParentCompanyMember us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-03-31 0001176948 ares:PartnersCapitalMember us-gaap:PreferredPartnerMember 2018-10-01 2018-12-31 0001176948 srt:ParentCompanyMember us-gaap:RetainedEarningsMember 2018-10-01 2018-12-31 0001176948 ares:AresOperatingGroupMember us-gaap:NoncontrollingInterestMember 2018-06-30 0001176948 srt:ParentCompanyMember us-gaap:CommonClassAMember us-gaap:CommonStockMember 2018-10-01 2018-12-31 0001176948 2017-12-31 0001176948 ares:PartnersCapitalMember us-gaap:PreferredPartnerMember 2018-06-30 0001176948 srt:ParentCompanyMember us-gaap:AccountingStandardsUpdate201802Member ares:PartnersCapitalMember 2018-01-01 0001176948 ares:AresOperatingGroupMember us-gaap:AccountingStandardsUpdate201409Member us-gaap:NoncontrollingInterestMember 2018-01-01 0001176948 us-gaap:AccountingStandardsUpdate201409Member 2018-01-01 0001176948 ares:AresOperatingGroupMember us-gaap:NoncontrollingInterestMember 2018-01-01 2018-03-31 0001176948 ares:PartnersCapitalMember us-gaap:PreferredPartnerMember 2018-09-30 0001176948 ares:AresOperatingGroupMember us-gaap:NoncontrollingInterestMember 2018-04-01 2018-06-30 0001176948 ares:PartnersCapitalMember us-gaap:PreferredPartnerMember 2018-03-31 0001176948 2018-06-30 0001176948 srt:ParentCompanyMember us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-06-30 0001176948 2018-09-30 0001176948 ares:TradableCreditGroupMember 2019-01-01 2019-09-30 0001176948 ares:PrivateEquityGroupMember 2019-09-30 0001176948 ares:RealEstateGroupMember 2018-12-31 0001176948 ares:RealEstateGroupMember 2019-01-01 2019-09-30 0001176948 ares:PrivateEquityGroupMember 2019-01-01 2019-09-30 0001176948 ares:TradableCreditGroupMember 2019-09-30 0001176948 ares:TradableCreditGroupMember 2018-12-31 0001176948 ares:PrivateEquityGroupMember 2018-12-31 0001176948 ares:RealEstateGroupMember 2019-09-30 0001176948 us-gaap:TradeNamesMember 2019-09-30 0001176948 us-gaap:CustomerRelationshipsMember 2018-12-31 0001176948 ares:CollateralManagementContractsMember 2019-09-30 0001176948 us-gaap:CustomerRelationshipsMember 2019-09-30 0001176948 ares:CollateralManagementContractsMember 2018-12-31 0001176948 us-gaap:TradeNamesMember 2018-12-31 0001176948 us-gaap:SellingGeneralAndAdministrativeExpensesMember 2019-01-01 2019-09-30 0001176948 us-gaap:SellingGeneralAndAdministrativeExpensesMember 2019-07-01 2019-09-30 0001176948 us-gaap:SellingGeneralAndAdministrativeExpensesMember 2018-07-01 2018-09-30 0001176948 us-gaap:CustomerRelationshipsMember 2019-01-01 2019-09-30 0001176948 ares:CollateralManagementContractsMember 2019-01-01 2019-09-30 0001176948 us-gaap:TradeNamesMember 2019-01-01 2019-09-30 0001176948 srt:ParentCompanyMember ares:CarriedInterestMember 2019-09-30 0001176948 srt:ParentCompanyMember ares:CarriedInterestMember 2018-12-31 0001176948 srt:ParentCompanyMember ares:OtherPrivateInvestmentPartnershipInterestsMember 2019-09-30 0001176948 srt:ParentCompanyMember ares:PrivateInvestmentPartnershipInterestsMember 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:CollateralizedLoanObligationsMember 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:EquitySecuritiesMember 2018-12-31 0001176948 srt:ParentCompanyMember ares:PrivateInvestmentPartnershipInterestsOtherMember 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:FixedIncomeInvestmentsMember 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:EquitySecuritiesMember 2019-09-30 0001176948 srt:ParentCompanyMember ares:PrivateInvestmentPartnershipInterestsOtherMember 2018-12-31 0001176948 srt:ParentCompanyMember ares:PrivateInvestmentPartnershipInterestsMember 2018-12-31 0001176948 srt:ParentCompanyMember ares:PrivateInvestmentPartnershipInterestsMember 2018-12-31 0001176948 srt:ParentCompanyMember ares:OtherPrivateInvestmentPartnershipInterestsMember 2018-12-31 0001176948 srt:ParentCompanyMember ares:PrivateInvestmentPartnershipInterestsMember 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:CollateralizedLoanObligationsMember 2018-12-31 0001176948 srt:ParentCompanyMember us-gaap:FixedIncomeInvestmentsMember 2018-12-31 0001176948 ares:ConsolidatedFundsMember us-gaap:FixedIncomeSecuritiesMember 2019-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:FixedIncomeSecuritiesMember ares:ConsumerStaplesMember 2018-12-31 0001176948 ares:ConsolidatedFundsMember srt:PartnershipInterestMember 2019-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:EquitySecuritiesMember 2018-12-31 0001176948 ares:ConsolidatedFundsMember us-gaap:FixedIncomeSecuritiesMember ares:ConsumerDiscretionaryMember 2018-12-31 0001176948 ares:ConsolidatedFundsMember us-gaap:EquitySecuritiesMember 2019-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:FixedIncomeSecuritiesMember 2018-12-31 0001176948 ares:ConsolidatedFundsMember us-gaap:FixedIncomeSecuritiesMember ares:ConsumerStaplesMember 2019-09-30 0001176948 ares:ConsolidatedFundsMember srt:PartnershipInterestMember 2018-12-31 0001176948 ares:ConsolidatedFundsMember us-gaap:FixedIncomeSecuritiesMember ares:ConsumerDiscretionaryMember 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:EquitySecuritiesMember 2019-07-01 2019-09-30 0001176948 srt:ParentCompanyMember ares:PrivateInvestmentPartnershipInterestsMember 2019-06-30 0001176948 srt:ParentCompanyMember us-gaap:FixedIncomeSecuritiesMember 2019-09-30 0001176948 srt:ParentCompanyMember ares:PrivateInvestmentPartnershipInterestsMember 2019-07-01 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:FixedIncomeSecuritiesMember 2019-07-01 2019-09-30 0001176948 srt:ParentCompanyMember 2019-06-30 0001176948 srt:ParentCompanyMember us-gaap:FixedIncomeSecuritiesMember 2019-06-30 0001176948 srt:ParentCompanyMember us-gaap:EquitySecuritiesMember 2019-09-30 0001176948 srt:ParentCompanyMember ares:PrivateInvestmentPartnershipInterestsMember 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:EquitySecuritiesMember 2019-06-30 0001176948 srt:ParentCompanyMember us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputDiscountRateMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:FairValueInputsLevel3Member ares:OtherValuationTechniqueMember 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:FairValueInputsLevel3Member ares:BrokerQuotesAndThirdPartyPricingServicesValuationTechniqueMember 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:FairValueInputsLevel3Member 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:FairValueInputsLevel3Member us-gaap:ValuationTechniqueDiscountedCashFlowMember 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:FairValueInputsLevel3Member ares:RecentTransactionPriceValuationTechniqueMember 2019-09-30 0001176948 ares:ConsolidatedFundsMember ares:OtherFinancialInstrumentMember 2019-01-01 2019-09-30 0001176948 ares:ConsolidatedFundsMember ares:PrivateInvestmentPartnershipInterestsMember 2019-01-01 2019-09-30 0001176948 ares:ConsolidatedFundsMember ares:PrivateInvestmentPartnershipInterestsMember 2019-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:EquitySecuritiesMember 2019-01-01 2019-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:FixedIncomeSecuritiesMember 2018-12-31 0001176948 ares:ConsolidatedFundsMember ares:OtherFinancialInstrumentMember 2019-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:FixedIncomeSecuritiesMember 2019-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:FixedIncomeSecuritiesMember 2019-01-01 2019-09-30 0001176948 ares:ConsolidatedFundsMember ares:PrivateInvestmentPartnershipInterestsMember 2018-12-31 0001176948 ares:ConsolidatedFundsMember ares:OtherFinancialInstrumentMember 2018-12-31 0001176948 ares:ConsolidatedFundsMember us-gaap:EquitySecuritiesMember 2019-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:EquitySecuritiesMember 2018-12-31 0001176948 ares:ConsolidatedFundsMember us-gaap:FairValueInputsLevel2Member 2018-12-31 0001176948 ares:ConsolidatedFundsMember us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel3Member 2018-12-31 0001176948 ares:ConsolidatedFundsMember us-gaap:FairValueInputsLevel3Member 2018-12-31 0001176948 ares:ConsolidatedFundsMember us-gaap:FairValueInputsLevel1Member 2018-12-31 0001176948 ares:ConsolidatedFundsMember us-gaap:OtherContractMember us-gaap:FairValueInputsLevel1Member 2018-12-31 0001176948 ares:ConsolidatedFundsMember us-gaap:OtherContractMember us-gaap:FairValueInputsLevel2Member 2018-12-31 0001176948 ares:ConsolidatedFundsMember us-gaap:CorporateBondSecuritiesMember us-gaap:FairValueInputsLevel3Member 2018-12-31 0001176948 ares:ConsolidatedFundsMember us-gaap:CorporateBondSecuritiesMember us-gaap:FairValueInputsLevel2Member 2018-12-31 0001176948 ares:ConsolidatedFundsMember us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel1Member 2018-12-31 0001176948 ares:ConsolidatedFundsMember us-gaap:CorporateBondSecuritiesMember 2018-12-31 0001176948 ares:ConsolidatedFundsMember us-gaap:LoansMember us-gaap:FairValueInputsLevel1Member 2018-12-31 0001176948 ares:ConsolidatedFundsMember us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel2Member 2018-12-31 0001176948 ares:ConsolidatedFundsMember us-gaap:OtherContractMember 2018-12-31 0001176948 ares:ConsolidatedFundsMember us-gaap:LoansMember us-gaap:FairValueInputsLevel2Member 2018-12-31 0001176948 ares:ConsolidatedFundsMember us-gaap:ForeignExchangeContractMember 2018-12-31 0001176948 ares:ConsolidatedFundsMember us-gaap:LoansMember 2018-12-31 0001176948 ares:ConsolidatedFundsMember us-gaap:OtherContractMember us-gaap:FairValueInputsLevel3Member 2018-12-31 0001176948 ares:ConsolidatedFundsMember us-gaap:CorporateBondSecuritiesMember us-gaap:FairValueInputsLevel1Member 2018-12-31 0001176948 ares:ConsolidatedFundsMember us-gaap:LoansMember us-gaap:FairValueInputsLevel3Member 2018-12-31 0001176948 srt:ParentCompanyMember 2018-09-30 0001176948 srt:ParentCompanyMember us-gaap:EquitySecuritiesMember 2018-07-01 2018-09-30 0001176948 srt:ParentCompanyMember us-gaap:FixedIncomeSecuritiesMember 2018-07-01 2018-09-30 0001176948 srt:ParentCompanyMember us-gaap:EquitySecuritiesMember 2018-09-30 0001176948 srt:ParentCompanyMember 2018-06-30 0001176948 srt:ParentCompanyMember ares:PrivateInvestmentPartnershipInterestsMember 2018-07-01 2018-09-30 0001176948 srt:ParentCompanyMember us-gaap:FixedIncomeSecuritiesMember 2018-09-30 0001176948 srt:ParentCompanyMember us-gaap:EquitySecuritiesMember 2018-06-30 0001176948 srt:ParentCompanyMember us-gaap:FixedIncomeSecuritiesMember 2018-06-30 0001176948 srt:ParentCompanyMember ares:PrivateInvestmentPartnershipInterestsMember 2018-09-30 0001176948 srt:ParentCompanyMember ares:PrivateInvestmentPartnershipInterestsMember 2018-06-30 0001176948 ares:OperationsManagementGroupMember 2019-09-30 0001176948 us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember ares:OperationsManagementGroupMember 2019-09-30 0001176948 us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember ares:OperationsManagementGroupMember 2018-12-31 0001176948 ares:ConsolidatedFundsMember ares:OtherFinancialInstrumentMember 2019-07-01 2019-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:FixedIncomeSecuritiesMember 2019-07-01 2019-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:EquitySecuritiesMember 2019-07-01 2019-09-30 0001176948 ares:ConsolidatedFundsMember ares:PrivateInvestmentPartnershipInterestsMember 2019-07-01 2019-09-30 0001176948 ares:ConsolidatedFundsMember ares:OtherFinancialInstrumentMember 2019-06-30 0001176948 ares:ConsolidatedFundsMember 2019-06-30 0001176948 ares:ConsolidatedFundsMember us-gaap:EquitySecuritiesMember 2019-06-30 0001176948 ares:ConsolidatedFundsMember ares:PrivateInvestmentPartnershipInterestsMember 2019-06-30 0001176948 ares:ConsolidatedFundsMember us-gaap:FixedIncomeSecuritiesMember 2019-06-30 0001176948 ares:ConsolidatedFundsMember us-gaap:FairValueInputsLevel3Member ares:BrokerQuotesAndThirdPartyPricingServicesValuationTechniqueMember 2018-12-31 0001176948 ares:ConsolidatedFundsMember us-gaap:FairValueInputsLevel3Member ares:MeasurementInputIlliquidityDiscountMember ares:OtherValuationTechniqueMember 2018-12-31 0001176948 ares:ConsolidatedFundsMember us-gaap:FairValueInputsLevel3Member us-gaap:ValuationTechniqueDiscountedCashFlowMember 2018-12-31 0001176948 ares:ConsolidatedFundsMember srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member ares:MeasurementInputYieldMember us-gaap:IncomeApproachValuationTechniqueMember 2018-12-31 0001176948 ares:ConsolidatedFundsMember us-gaap:FairValueInputsLevel3Member us-gaap:IncomeApproachValuationTechniqueMember 2018-12-31 0001176948 ares:ConsolidatedFundsMember us-gaap:FairValueInputsLevel3Member ares:EVMarketMultipleAnalysisValuationTechniqueMember 2018-12-31 0001176948 ares:ConsolidatedFundsMember us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputDiscountRateMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2018-12-31 0001176948 ares:ConsolidatedFundsMember srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputDiscountRateMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2018-12-31 0001176948 ares:ConsolidatedFundsMember srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member ares:MeasurementInputIlliquidityDiscountMember ares:OtherValuationTechniqueMember 2018-12-31 0001176948 ares:ConsolidatedFundsMember us-gaap:FairValueInputsLevel3Member ares:RecentTransactionPriceValuationTechniqueMember 2018-12-31 0001176948 ares:ConsolidatedFundsMember us-gaap:FairValueInputsLevel3Member ares:OtherValuationTechniqueMember 2018-12-31 0001176948 ares:ConsolidatedFundsMember ares:OtherFinancialInstrumentMember 2017-12-31 0001176948 ares:ConsolidatedFundsMember us-gaap:EquitySecuritiesMember 2018-01-01 2018-09-30 0001176948 ares:ConsolidatedFundsMember ares:PrivateInvestmentPartnershipInterestsMember 2018-09-30 0001176948 ares:ConsolidatedFundsMember 2017-12-31 0001176948 ares:ConsolidatedFundsMember ares:OtherFinancialInstrumentMember 2018-01-01 2018-09-30 0001176948 ares:ConsolidatedFundsMember ares:PrivateInvestmentPartnershipInterestsMember 2017-12-31 0001176948 ares:ConsolidatedFundsMember us-gaap:FixedIncomeSecuritiesMember 2018-01-01 2018-09-30 0001176948 ares:ConsolidatedFundsMember 2018-09-30 0001176948 ares:ConsolidatedFundsMember ares:PrivateInvestmentPartnershipInterestsMember 2018-01-01 2018-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:EquitySecuritiesMember 2018-09-30 0001176948 ares:ConsolidatedFundsMember ares:OtherFinancialInstrumentMember 2018-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:FixedIncomeSecuritiesMember 2017-12-31 0001176948 ares:ConsolidatedFundsMember us-gaap:EquitySecuritiesMember 2017-12-31 0001176948 ares:ConsolidatedFundsMember us-gaap:FixedIncomeSecuritiesMember 2018-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:FairValueInputsLevel3Member ares:MeasurementInputIlliquidityDiscountMember ares:OtherValuationTechniqueMember 2019-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:FairValueInputsLevel3Member ares:BrokerQuotesAndThirdPartyPricingServicesValuationTechniqueMember 2019-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputDiscountRateMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2019-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:FairValueInputsLevel3Member ares:RecentTransactionPriceValuationTechniqueMember 2019-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:FairValueInputsLevel3Member 2019-09-30 0001176948 ares:ConsolidatedFundsMember srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputDiscountRateMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2019-09-30 0001176948 ares:ConsolidatedFundsMember srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member ares:MeasurementInputIlliquidityDiscountMember ares:OtherValuationTechniqueMember 2019-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:FairValueInputsLevel3Member ares:OtherValuationTechniqueMember 2019-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:FairValueInputsLevel3Member us-gaap:ValuationTechniqueDiscountedCashFlowMember 2019-09-30 0001176948 ares:ConsolidatedFundsMember srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member ares:MeasurementInputYieldMember us-gaap:IncomeApproachValuationTechniqueMember 2019-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:FairValueInputsLevel3Member ares:EVMarketMultipleAnalysisValuationTechniqueMember 2019-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:FairValueInputsLevel3Member us-gaap:IncomeApproachValuationTechniqueMember 2019-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:EquitySecuritiesMember 2018-07-01 2018-09-30 0001176948 ares:ConsolidatedFundsMember ares:OtherFinancialInstrumentMember 2018-07-01 2018-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:FixedIncomeSecuritiesMember 2018-07-01 2018-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:EquitySecuritiesMember 2018-06-30 0001176948 ares:ConsolidatedFundsMember ares:PrivateInvestmentPartnershipInterestsMember 2018-07-01 2018-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:FixedIncomeSecuritiesMember 2018-06-30 0001176948 ares:ConsolidatedFundsMember 2018-06-30 0001176948 ares:ConsolidatedFundsMember ares:PrivateInvestmentPartnershipInterestsMember 2018-06-30 0001176948 ares:ConsolidatedFundsMember ares:OtherFinancialInstrumentMember 2018-06-30 0001176948 srt:ParentCompanyMember us-gaap:EquitySecuritiesMember 2019-01-01 2019-09-30 0001176948 srt:ParentCompanyMember ares:PrivateInvestmentPartnershipInterestsMember 2019-01-01 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:FixedIncomeSecuritiesMember 2019-01-01 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:FixedIncomeSecuritiesMember 2018-12-31 0001176948 srt:ParentCompanyMember us-gaap:EquitySecuritiesMember 2018-12-31 0001176948 srt:ParentCompanyMember ares:PrivateInvestmentPartnershipInterestsMember 2018-12-31 0001176948 srt:ParentCompanyMember 2017-12-31 0001176948 srt:ParentCompanyMember ares:PrivateInvestmentPartnershipInterestsMember 2018-01-01 2018-09-30 0001176948 srt:ParentCompanyMember us-gaap:EquitySecuritiesMember 2018-01-01 2018-09-30 0001176948 srt:ParentCompanyMember us-gaap:FixedIncomeSecuritiesMember 2018-01-01 2018-09-30 0001176948 srt:ParentCompanyMember us-gaap:FixedIncomeSecuritiesMember 2017-12-31 0001176948 srt:ParentCompanyMember ares:PrivateInvestmentPartnershipInterestsMember 2017-12-31 0001176948 srt:ParentCompanyMember us-gaap:EquitySecuritiesMember 2017-12-31 0001176948 srt:ParentCompanyMember us-gaap:FairValueInputsLevel3Member ares:RecentTransactionPriceValuationTechniqueMember 2018-12-31 0001176948 srt:ParentCompanyMember us-gaap:FairValueInputsLevel3Member ares:OtherValuationTechniqueMember 2018-12-31 0001176948 srt:ParentCompanyMember us-gaap:FairValueInputsLevel3Member us-gaap:ValuationTechniqueDiscountedCashFlowMember 2018-12-31 0001176948 srt:ParentCompanyMember us-gaap:FairValueInputsLevel3Member 2018-12-31 0001176948 srt:ParentCompanyMember us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputDiscountRateMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2018-12-31 0001176948 srt:ParentCompanyMember us-gaap:FairValueInputsLevel3Member ares:BrokerQuotesAndThirdPartyPricingServicesValuationTechniqueMember 2018-12-31 0001176948 srt:ParentCompanyMember us-gaap:FairValueInputsLevel2Member 2018-12-31 0001176948 srt:ParentCompanyMember us-gaap:FairValueInputsLevel1Member 2018-12-31 0001176948 srt:ParentCompanyMember us-gaap:CollateralizedLoanObligationsMember us-gaap:FairValueInputsLevel2Member 2018-12-31 0001176948 srt:ParentCompanyMember us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember 2018-12-31 0001176948 srt:ParentCompanyMember us-gaap:CollateralizedLoanObligationsMember 2018-12-31 0001176948 srt:ParentCompanyMember us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel2Member 2018-12-31 0001176948 srt:ParentCompanyMember us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel1Member 2018-12-31 0001176948 srt:ParentCompanyMember us-gaap:CollateralizedLoanObligationsMember us-gaap:FairValueInputsLevel3Member 2018-12-31 0001176948 srt:ParentCompanyMember us-gaap:ForeignExchangeContractMember 2018-12-31 0001176948 srt:ParentCompanyMember us-gaap:CollateralizedLoanObligationsMember us-gaap:FairValueInputsLevel1Member 2018-12-31 0001176948 srt:ParentCompanyMember us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel3Member 2018-12-31 0001176948 ares:ConsolidatedFundsMember us-gaap:CorporateBondSecuritiesMember us-gaap:FairValueInputsLevel1Member 2019-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:OtherContractMember us-gaap:FairValueInputsLevel1Member 2019-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel3Member 2019-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:FairValueInputsLevel1Member 2019-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:FairValueInputsLevel2Member 2019-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel1Member 2019-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel2Member 2019-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:OtherContractMember 2019-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:OtherContractMember us-gaap:FairValueInputsLevel2Member 2019-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:OtherContractMember us-gaap:FairValueInputsLevel3Member 2019-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:LoansMember us-gaap:FairValueInputsLevel1Member 2019-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:LoansMember 2019-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:CorporateBondSecuritiesMember 2019-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:CorporateBondSecuritiesMember us-gaap:FairValueInputsLevel3Member 2019-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:CorporateBondSecuritiesMember us-gaap:FairValueInputsLevel2Member 2019-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:LoansMember us-gaap:FairValueInputsLevel2Member 2019-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:ForeignExchangeContractMember 2019-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:LoansMember us-gaap:FairValueInputsLevel3Member 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:CollateralizedLoanObligationsMember us-gaap:FairValueInputsLevel3Member 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:FairValueMeasuredAtNetAssetValuePerShareMember 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:CollateralizedLoanObligationsMember 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:FairValueInputsLevel2Member 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:CollateralizedLoanObligationsMember us-gaap:FairValueInputsLevel2Member 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel2Member 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:ForeignExchangeContractMember 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel1Member 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:ForeignExchangeContractMember us-gaap:FairValueInputsLevel3Member 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:FairValueInputsLevel1Member 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:CollateralizedLoanObligationsMember us-gaap:FairValueInputsLevel1Member 2019-09-30 0001176948 ares:ConsolidatedFundsMember srt:MinimumMember us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputEbitdaMultipleMember ares:EVMarketMultipleAnalysisValuationTechniqueMember 2018-12-31 0001176948 ares:ConsolidatedFundsMember srt:MaximumMember us-gaap:FairValueInputsLevel3Member ares:MeasurementInputYieldMember us-gaap:IncomeApproachValuationTechniqueMember 2018-12-31 0001176948 ares:ConsolidatedFundsMember srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputEbitdaMultipleMember ares:EVMarketMultipleAnalysisValuationTechniqueMember 2018-12-31 0001176948 ares:ConsolidatedFundsMember us-gaap:FairValueInputsLevel3Member ares:MeasurementInputNetIncomeMultipleMember ares:OtherValuationTechniqueMember 2018-12-31 0001176948 ares:ConsolidatedFundsMember srt:MaximumMember us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputEbitdaMultipleMember ares:EVMarketMultipleAnalysisValuationTechniqueMember 2018-12-31 0001176948 ares:ConsolidatedFundsMember srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member ares:MeasurementInputNetIncomeMultipleMember ares:OtherValuationTechniqueMember 2018-12-31 0001176948 ares:ConsolidatedFundsMember srt:MinimumMember us-gaap:FairValueInputsLevel3Member ares:MeasurementInputYieldMember us-gaap:IncomeApproachValuationTechniqueMember 2018-12-31 0001176948 ares:ConsolidatedFundsMember srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member ares:MeasurementInputNetIncomeMultipleMember ares:OtherValuationTechniqueMember 2019-09-30 0001176948 ares:ConsolidatedFundsMember srt:MinimumMember us-gaap:FairValueInputsLevel3Member ares:MeasurementInputYieldMember us-gaap:IncomeApproachValuationTechniqueMember 2019-09-30 0001176948 ares:ConsolidatedFundsMember srt:MaximumMember us-gaap:FairValueInputsLevel3Member ares:MeasurementInputYieldMember us-gaap:IncomeApproachValuationTechniqueMember 2019-09-30 0001176948 ares:ConsolidatedFundsMember srt:WeightedAverageMember us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputEbitdaMultipleMember ares:EVMarketMultipleAnalysisValuationTechniqueMember 2019-09-30 0001176948 ares:ConsolidatedFundsMember srt:MaximumMember us-gaap:FairValueInputsLevel3Member ares:MeasurementInputNetIncomeMultipleMember ares:OtherValuationTechniqueMember 2019-09-30 0001176948 ares:ConsolidatedFundsMember srt:MaximumMember us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputEbitdaMultipleMember ares:EVMarketMultipleAnalysisValuationTechniqueMember 2019-09-30 0001176948 ares:ConsolidatedFundsMember srt:MinimumMember us-gaap:FairValueInputsLevel3Member us-gaap:MeasurementInputEbitdaMultipleMember ares:EVMarketMultipleAnalysisValuationTechniqueMember 2019-09-30 0001176948 ares:ConsolidatedFundsMember srt:MinimumMember us-gaap:FairValueInputsLevel3Member ares:MeasurementInputNetIncomeMultipleMember ares:OtherValuationTechniqueMember 2019-09-30 0001176948 ares:ConsolidatedFundsMember ares:OtherFinancialInstrumentMember 2018-12-31 0001176948 ares:ConsolidatedFundsMember ares:OtherFinancialInstrumentMember 2019-09-30 0001176948 ares:ConsolidatedFundsMember ares:CreditFacilityMaturingPeriodOneMember 2018-12-31 0001176948 ares:ConsolidatedFundsMember ares:CreditFacilityMaturingPeriodFiveMember 2019-09-30 0001176948 ares:ConsolidatedFundsMember ares:CreditFacilityMaturingPeriodTwoMember 2018-12-31 0001176948 ares:ConsolidatedFundsMember ares:CreditFacilityMaturingPeriodFourMember 2019-09-30 0001176948 ares:ConsolidatedFundsMember ares:CreditFacilityMaturingPeriodTwoMember 2019-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:RevolvingCreditFacilityMember 2019-09-30 0001176948 ares:ConsolidatedFundsMember ares:CreditFacilityMaturingPeriodThreeMember 2018-12-31 0001176948 ares:ConsolidatedFundsMember ares:CreditFacilityMaturingPeriodOneMember 2019-09-30 0001176948 ares:ConsolidatedFundsMember ares:CreditFacilityMaturingPeriodThreeMember 2019-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:RevolvingCreditFacilityMember 2018-12-31 0001176948 ares:ConsolidatedFundsMember ares:CreditFacilityMaturingPeriodFourMember 2018-12-31 0001176948 ares:ConsolidatedFundsMember ares:CreditFacilityMaturingPeriodFiveMember 2018-12-31 0001176948 ares:ConsolidatedFundsMember us-gaap:CollateralizedLoanObligationsMember 2019-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:SeniorNotesMember us-gaap:CollateralizedLoanObligationsMember 2018-12-31 0001176948 ares:ConsolidatedFundsMember us-gaap:CollateralizedLoanObligationsMember 2018-12-31 0001176948 ares:ConsolidatedFundsMember ares:SubordinatedNotesAndPreferredSharesMember us-gaap:CollateralizedLoanObligationsMember 2019-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:SeniorNotesMember us-gaap:CollateralizedLoanObligationsMember 2019-09-30 0001176948 ares:ConsolidatedFundsMember ares:SubordinatedNotesAndPreferredSharesMember us-gaap:CollateralizedLoanObligationsMember 2018-12-31 0001176948 ares:ConsolidatedFundsMember srt:MaximumMember ares:CreditFacilityMaturingPeriodTwoMember ares:EURIBORMember 2019-01-01 2019-09-30 0001176948 ares:ConsolidatedFundsMember srt:MinimumMember ares:CreditFacilityMaturingPeriodTwoMember ares:EURIBORMember 2019-01-01 2019-09-30 0001176948 srt:ParentCompanyMember ares:CreditFacilityOfCompanyMember 2019-01-01 2019-09-30 0001176948 srt:ParentCompanyMember ares:SeniorNotesOfTheCompanyMember 2018-12-31 0001176948 srt:ParentCompanyMember ares:SeniorNotesOfTheCompanyMember 2019-01-01 2019-09-30 0001176948 srt:ParentCompanyMember ares:CreditFacilityOfCompanyMember 2019-09-30 0001176948 srt:ParentCompanyMember ares:SeniorNotesOfTheCompanyMember 2019-09-30 0001176948 srt:ParentCompanyMember ares:CreditFacilityOfCompanyMember 2018-12-31 0001176948 srt:ParentCompanyMember ares:CreditFacilityOfCompanyMember us-gaap:LondonInterbankOfferedRateLIBORMember 2019-01-01 2019-09-30 0001176948 srt:ParentCompanyMember ares:CreditFacilityOfCompanyMember us-gaap:BaseRateMember 2019-01-01 2019-09-30 0001176948 srt:ParentCompanyMember ares:AfcNotesMember 2014-10-01 2014-10-31 0001176948 ares:ConsolidatedFundsMember srt:MinimumMember ares:CreditFacilityMaturingPeriodTwoMember ares:EURIBORMember 2018-01-01 2018-12-31 0001176948 ares:ConsolidatedFundsMember srt:MaximumMember ares:CreditFacilityMaturingPeriodTwoMember ares:EURIBORMember 2018-01-01 2018-12-31 0001176948 ares:ConsolidatedFundsMember us-gaap:SeniorNotesMember us-gaap:CollateralizedLoanObligationsMember 2018-01-01 2018-12-31 0001176948 ares:ConsolidatedFundsMember ares:SubordinatedNotesAndPreferredSharesMember us-gaap:CollateralizedLoanObligationsMember 2018-01-01 2018-12-31 0001176948 ares:ConsolidatedFundsMember ares:SubordinatedNotesAndPreferredSharesMember us-gaap:CollateralizedLoanObligationsMember 2019-01-01 2019-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:SeniorNotesMember us-gaap:CollateralizedLoanObligationsMember 2019-01-01 2019-09-30 0001176948 ares:PerformanceFeesReversalsMember 2019-09-30 0001176948 ares:PerformanceFeesReversalsMember 2018-12-31 0001176948 srt:MinimumMember 2019-09-30 0001176948 srt:MaximumMember 2019-09-30 0001176948 srt:ParentCompanyMember srt:AffiliatedEntityMember 2018-12-31 0001176948 srt:ParentCompanyMember srt:AffiliatedEntityMember 2019-09-30 0001176948 ares:ConsolidatedFundsMember srt:AffiliatedEntityMember 2018-12-31 0001176948 ares:ConsolidatedFundsMember srt:AffiliatedEntityMember 2019-09-30 0001176948 srt:ParentCompanyMember ares:AresCapitalCorporationMember ares:RentAndOtherOccupancyExpensesMember srt:AffiliatedEntityMember 2018-03-31 0001176948 srt:ParentCompanyMember ares:AresCapitalCorporationMember srt:AffiliatedEntityMember 2019-06-21 0001176948 srt:ParentCompanyMember ares:AresCapitalCorporationMember srt:AffiliatedEntityMember 2019-09-30 0001176948 srt:ParentCompanyMember ares:AresCapitalCorporationMember ares:RentAndOtherOccupancyExpensesMember srt:AffiliatedEntityMember 2014-12-31 0001176948 srt:ParentCompanyMember ares:AresCapitalCorporationMember ares:RentAndOtherOccupancyExpensesMember srt:AffiliatedEntityMember 2017-12-31 0001176948 ares:AresCapitalCorporationMember ares:AmericanCapitalLtd.Member 2019-07-01 2019-09-30 0001176948 srt:ParentCompanyMember ares:AresCapitalCorporationMember ares:RentAndOtherOccupancyExpensesMember srt:AffiliatedEntityMember 2019-09-30 0001176948 ares:AresCapitalCorporationMember ares:AmericanCapitalLtd.Member 2019-01-01 2019-09-30 0001176948 ares:AresCapitalCorporationMember ares:AmericanCapitalLtd.Member 2017-04-01 2017-06-30 0001176948 srt:ParentCompanyMember ares:AresCapitalCorporationMember ares:RentAndOtherOccupancyExpensesMember srt:AffiliatedEntityMember 2016-12-31 0001176948 srt:ParentCompanyMember ares:AresCapitalCorporationMember ares:RentAndOtherOccupancyExpensesMember srt:AffiliatedEntityMember 2015-12-31 0001176948 us-gaap:EmployeeStockOptionMember 2018-01-01 2018-09-30 0001176948 us-gaap:RestrictedStockUnitsRSUMember 2018-01-01 2018-09-30 0001176948 us-gaap:EmployeeStockOptionMember 2018-07-01 2018-09-30 0001176948 us-gaap:RestrictedStockUnitsRSUMember 2019-01-01 2019-09-30 0001176948 us-gaap:RestrictedStockUnitsRSUMember 2019-07-01 2019-09-30 0001176948 us-gaap:RestrictedStockUnitsRSUMember 2018-07-01 2018-09-30 0001176948 us-gaap:EmployeeStockOptionMember 2019-01-01 2019-09-30 0001176948 us-gaap:EmployeeStockOptionMember 2019-07-01 2019-09-30 0001176948 us-gaap:PhantomShareUnitsPSUsMember 2019-01-01 2019-09-30 0001176948 us-gaap:PhantomShareUnitsPSUsMember 2018-12-31 0001176948 us-gaap:PhantomShareUnitsPSUsMember 2019-09-30 0001176948 us-gaap:RestrictedStockUnitsRSUMember 2019-09-30 0001176948 srt:ParentCompanyMember 2019-01-01 0001176948 2019-03-15 2019-03-15 0001176948 us-gaap:EmployeeStockOptionMember 2019-01-01 2019-09-30 0001176948 2019-06-14 2019-06-14 0001176948 ares:MarketConditionRestrictedUnitsAwardsMember 2019-09-30 0001176948 us-gaap:RestrictedStockUnitsRSUMember 2019-07-01 2019-09-30 0001176948 2019-09-16 2019-09-16 0001176948 us-gaap:EmployeeStockOptionMember 2019-09-30 0001176948 us-gaap:EmployeeStockOptionMember 2018-01-01 2018-12-31 0001176948 us-gaap:EmployeeStockOptionMember 2018-12-31 0001176948 ares:MarketConditionRestrictedUnitsAwardsMember 2019-01-01 2019-09-30 0001176948 ares:MarketConditionRestrictedUnitsAwardsMember 2018-12-31 0001176948 ares:MarketConditionRestrictedUnitsAwardsMember 2018-01-01 2018-09-30 0001176948 ares:MarketConditionRestrictedUnitsAwardsMember 2018-07-01 2018-09-30 0001176948 us-gaap:EmployeeStockOptionMember 2019-07-01 2019-09-30 0001176948 us-gaap:RestrictedStockUnitsRSUMember 2018-01-01 2018-09-30 0001176948 us-gaap:PhantomShareUnitsPSUsMember 2019-07-01 2019-09-30 0001176948 us-gaap:PhantomShareUnitsPSUsMember 2018-07-01 2018-09-30 0001176948 us-gaap:RestrictedStockUnitsRSUMember 2019-01-01 2019-09-30 0001176948 us-gaap:EmployeeStockOptionMember 2018-07-01 2018-09-30 0001176948 us-gaap:RestrictedStockUnitsRSUMember 2018-07-01 2018-09-30 0001176948 ares:MarketConditionRestrictedUnitsAwardsMember 2019-07-01 2019-09-30 0001176948 us-gaap:PhantomShareUnitsPSUsMember 2018-01-01 2018-09-30 0001176948 us-gaap:EmployeeStockOptionMember 2018-01-01 2018-09-30 0001176948 us-gaap:RestrictedStockUnitsRSUMember 2018-12-31 0001176948 us-gaap:RestrictedStockUnitsRSUMember us-gaap:ShareBasedCompensationAwardTrancheTwoMember 2019-01-01 2019-09-30 0001176948 us-gaap:RestrictedStockUnitsRSUMember us-gaap:ShareBasedCompensationAwardTrancheOneMember 2019-01-01 2019-09-30 0001176948 ares:AresOperatingGroupMember us-gaap:CommonClassCMember 2019-01-01 2019-09-30 0001176948 us-gaap:CommonClassBMember 2019-01-01 2019-09-30 0001176948 us-gaap:CommonClassCMember 2019-01-01 2019-09-30 0001176948 ares:AresOperatingGroupMember us-gaap:CommonClassAMember 2019-01-01 2019-09-30 0001176948 ares:AresOperatingGroupMember us-gaap:CommonClassBMember 2019-01-01 2019-09-30 0001176948 ares:AresOperatingGroupMember 2019-07-01 2019-09-30 0001176948 ares:AresOwnersHoldingsLpMember ares:AresOperatingGroupMember 2018-12-31 0001176948 ares:AresOwnersHoldingsLpMember 2018-07-01 2018-09-30 0001176948 ares:AffiliateOfAlleghanyCorporationMember 2018-07-01 2018-09-30 0001176948 ares:AresOwnersHoldingsLpMember 2019-07-01 2019-09-30 0001176948 ares:AffiliateOfAlleghanyCorporationMember 2019-09-30 0001176948 ares:AresOperatingGroupMember 2019-01-01 2019-09-30 0001176948 ares:AresOwnersHoldingsLpMember 2018-12-31 0001176948 ares:AffiliateOfAlleghanyCorporationMember 2018-12-31 0001176948 ares:AresOwnersHoldingsLpMember 2018-01-01 2018-09-30 0001176948 ares:AresOperatingGroupMember ares:AresOperatingGroupMember 2018-12-31 0001176948 ares:AresOperatingGroupMember 2018-07-01 2018-09-30 0001176948 ares:AffiliateOfAlleghanyCorporationMember 2018-01-01 2018-09-30 0001176948 ares:AresOperatingGroupMember 2018-12-31 0001176948 ares:AffiliateOfAlleghanyCorporationMember ares:AresOperatingGroupMember 2019-09-30 0001176948 ares:AresOwnersHoldingsLpMember 2019-09-30 0001176948 ares:AffiliateOfAlleghanyCorporationMember 2019-01-01 2019-09-30 0001176948 ares:AresOwnersHoldingsLpMember 2019-01-01 2019-09-30 0001176948 ares:AresOperatingGroupMember 2019-09-30 0001176948 ares:AresOperatingGroupMember ares:AresOperatingGroupMember 2019-09-30 0001176948 ares:AresOperatingGroupMember 2019-09-30 0001176948 ares:AresOperatingGroupMember 2018-01-01 2018-09-30 0001176948 ares:AffiliateOfAlleghanyCorporationMember 2019-07-01 2019-09-30 0001176948 ares:AffiliateOfAlleghanyCorporationMember ares:AresOperatingGroupMember 2018-12-31 0001176948 ares:AresOwnersHoldingsLpMember ares:AresOperatingGroupMember 2019-09-30 0001176948 ares:AresOperatingGroupMember 2018-12-31 0001176948 us-gaap:CommonClassAMember 2018-11-26 0001176948 us-gaap:CommonClassAMember us-gaap:OverAllotmentOptionMember 2019-09-20 2019-09-20 0001176948 2019-09-20 2019-09-20 0001176948 us-gaap:CommonClassBMember 2018-11-26 0001176948 us-gaap:CommonClassCMember 2018-11-26 0001176948 us-gaap:CommonClassAMember 2019-02-28 0001176948 2018-01-01 2018-12-31 0001176948 ares:PreferredUnitsSeriesMember 2019-09-30 0001176948 ares:PreferredUnitsSeriesMember 2018-12-31 0001176948 us-gaap:CorporateNonSegmentMember us-gaap:ServiceOtherMember 2018-07-01 2018-09-30 0001176948 srt:ParentCompanyMember us-gaap:OperatingSegmentsMember ares:CreditGroupMember 2018-07-01 2018-09-30 0001176948 srt:ParentCompanyMember us-gaap:OperatingSegmentsMember ares:RealEstateGroupMember 2018-07-01 2018-09-30 0001176948 ares:OperatingSegmentsAndCorporateNonSegmentMember 2018-07-01 2018-09-30 0001176948 srt:ParentCompanyMember us-gaap:OperatingSegmentsMember ares:PrivateEquityGroupMember 2018-07-01 2018-09-30 0001176948 srt:ParentCompanyMember us-gaap:OperatingSegmentsMember 2018-07-01 2018-09-30 0001176948 srt:ParentCompanyMember us-gaap:OperatingSegmentsMember us-gaap:ServiceOtherMember 2018-07-01 2018-09-30 0001176948 srt:ParentCompanyMember us-gaap:OperatingSegmentsMember us-gaap:ServiceOtherMember ares:CreditGroupMember 2018-07-01 2018-09-30 0001176948 us-gaap:CorporateNonSegmentMember 2018-07-01 2018-09-30 0001176948 srt:ParentCompanyMember us-gaap:OperatingSegmentsMember us-gaap:ManagementServiceMember ares:PrivateEquityGroupMember 2018-07-01 2018-09-30 0001176948 srt:ParentCompanyMember us-gaap:OperatingSegmentsMember us-gaap:ManagementServiceMember ares:RealEstateGroupMember 2018-07-01 2018-09-30 0001176948 ares:OperatingSegmentsAndCorporateNonSegmentMember us-gaap:ServiceOtherMember 2018-07-01 2018-09-30 0001176948 srt:ParentCompanyMember us-gaap:OperatingSegmentsMember us-gaap:ServiceOtherMember ares:PrivateEquityGroupMember 2018-07-01 2018-09-30 0001176948 srt:ParentCompanyMember us-gaap:OperatingSegmentsMember us-gaap:ManagementServiceMember 2018-07-01 2018-09-30 0001176948 srt:ParentCompanyMember us-gaap:OperatingSegmentsMember us-gaap:ManagementServiceMember ares:CreditGroupMember 2018-07-01 2018-09-30 0001176948 srt:ParentCompanyMember us-gaap:OperatingSegmentsMember us-gaap:ServiceOtherMember ares:RealEstateGroupMember 2018-07-01 2018-09-30 0001176948 us-gaap:CorporateNonSegmentMember us-gaap:ManagementServiceMember 2018-07-01 2018-09-30 0001176948 ares:OperatingSegmentsAndCorporateNonSegmentMember us-gaap:ManagementServiceMember 2018-07-01 2018-09-30 0001176948 srt:ParentCompanyMember us-gaap:OperatingSegmentsMember 2019-07-01 2019-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:IntersegmentEliminationMember 2019-07-01 2019-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:MaterialReconcilingItemsMember 2018-07-01 2018-09-30 0001176948 srt:SubsidiariesMember us-gaap:MaterialReconcilingItemsMember us-gaap:NoncontrollingInterestMember 2018-07-01 2018-09-30 0001176948 srt:SubsidiariesMember us-gaap:MaterialReconcilingItemsMember us-gaap:NoncontrollingInterestMember 2018-01-01 2018-09-30 0001176948 srt:SubsidiariesMember us-gaap:MaterialReconcilingItemsMember us-gaap:NoncontrollingInterestMember 2019-07-01 2019-09-30 0001176948 srt:SubsidiariesMember us-gaap:MaterialReconcilingItemsMember us-gaap:NoncontrollingInterestMember 2019-01-01 2019-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:OperatingSegmentsMember 2019-07-01 2019-09-30 0001176948 us-gaap:MaterialReconcilingItemsMember 2018-01-01 2018-09-30 0001176948 us-gaap:MaterialReconcilingItemsMember 2018-07-01 2018-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:OperatingSegmentsMember 2018-01-01 2018-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:IntersegmentEliminationMember 2018-01-01 2018-09-30 0001176948 srt:ParentCompanyMember us-gaap:OperatingSegmentsMember 2019-01-01 2019-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:OperatingSegmentsMember 2018-07-01 2018-09-30 0001176948 us-gaap:MaterialReconcilingItemsMember 2019-01-01 2019-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:MaterialReconcilingItemsMember 2019-07-01 2019-09-30 0001176948 us-gaap:MaterialReconcilingItemsMember ares:AREASponsorHoldingsLLCMember 2019-07-01 2019-09-30 0001176948 us-gaap:MaterialReconcilingItemsMember ares:AREASponsorHoldingsLLCMember 2019-01-01 2019-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:IntersegmentEliminationMember 2019-01-01 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:OperatingSegmentsMember 2018-01-01 2018-09-30 0001176948 us-gaap:MaterialReconcilingItemsMember ares:AREASponsorHoldingsLLCMember 2018-07-01 2018-09-30 0001176948 us-gaap:CorporateNonSegmentMember 2019-01-01 2019-09-30 0001176948 us-gaap:MaterialReconcilingItemsMember ares:AREASponsorHoldingsLLCMember 2018-01-01 2018-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:MaterialReconcilingItemsMember 2019-01-01 2019-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:MaterialReconcilingItemsMember 2018-01-01 2018-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:OperatingSegmentsMember 2019-01-01 2019-09-30 0001176948 us-gaap:MaterialReconcilingItemsMember 2019-07-01 2019-09-30 0001176948 us-gaap:CorporateNonSegmentMember 2018-01-01 2018-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:IntersegmentEliminationMember 2018-07-01 2018-09-30 0001176948 us-gaap:CorporateNonSegmentMember 2019-07-01 2019-09-30 0001176948 ares:OperatingSegmentsAndCorporateNonSegmentMember 2019-01-01 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:OperatingSegmentsMember ares:PrivateEquityGroupMember 2019-01-01 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:OperatingSegmentsMember us-gaap:ManagementServiceMember 2019-01-01 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:OperatingSegmentsMember us-gaap:ServiceOtherMember 2019-01-01 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:OperatingSegmentsMember us-gaap:ManagementServiceMember ares:RealEstateGroupMember 2019-01-01 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:OperatingSegmentsMember us-gaap:ServiceOtherMember ares:PrivateEquityGroupMember 2019-01-01 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:OperatingSegmentsMember ares:RealEstateGroupMember 2019-01-01 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:OperatingSegmentsMember us-gaap:ServiceOtherMember ares:RealEstateGroupMember 2019-01-01 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:OperatingSegmentsMember ares:CreditGroupMember 2019-01-01 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:OperatingSegmentsMember us-gaap:ManagementServiceMember ares:CreditGroupMember 2019-01-01 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:OperatingSegmentsMember us-gaap:ManagementServiceMember ares:PrivateEquityGroupMember 2019-01-01 2019-09-30 0001176948 ares:OperatingSegmentsAndCorporateNonSegmentMember us-gaap:ManagementServiceMember 2019-01-01 2019-09-30 0001176948 us-gaap:CorporateNonSegmentMember us-gaap:ManagementServiceMember 2019-01-01 2019-09-30 0001176948 ares:OperatingSegmentsAndCorporateNonSegmentMember us-gaap:ServiceOtherMember 2019-01-01 2019-09-30 0001176948 us-gaap:CorporateNonSegmentMember us-gaap:ServiceOtherMember 2019-01-01 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:OperatingSegmentsMember us-gaap:ServiceOtherMember ares:CreditGroupMember 2019-01-01 2019-09-30 0001176948 us-gaap:OperatingSegmentsMember 2019-01-01 2019-09-30 0001176948 us-gaap:OperatingSegmentsMember 2019-07-01 2019-09-30 0001176948 us-gaap:OperatingSegmentsMember 2018-07-01 2018-09-30 0001176948 us-gaap:OperatingSegmentsMember 2018-01-01 2018-09-30 0001176948 srt:SubsidiariesMember us-gaap:OperatingSegmentsMember 2019-07-01 2019-09-30 0001176948 srt:SubsidiariesMember us-gaap:OperatingSegmentsMember 2019-01-01 2019-09-30 0001176948 srt:SubsidiariesMember us-gaap:OperatingSegmentsMember 2018-01-01 2018-09-30 0001176948 srt:SubsidiariesMember us-gaap:OperatingSegmentsMember 2018-07-01 2018-09-30 0001176948 srt:ParentCompanyMember us-gaap:OperatingSegmentsMember us-gaap:ServiceOtherMember 2018-01-01 2018-09-30 0001176948 srt:ParentCompanyMember us-gaap:OperatingSegmentsMember us-gaap:ManagementServiceMember 2019-07-01 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:OperatingSegmentsMember us-gaap:ManagementServiceMember 2018-01-01 2018-09-30 0001176948 srt:ParentCompanyMember us-gaap:OperatingSegmentsMember us-gaap:ServiceOtherMember 2019-07-01 2019-09-30 0001176948 us-gaap:MaterialReconcilingItemsMember us-gaap:AdministrativeServiceMember 2019-01-01 2019-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:IntersegmentEliminationMember us-gaap:ManagementServiceIncentiveMember 2019-07-01 2019-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:IntersegmentEliminationMember us-gaap:ManagementServiceIncentiveMember 2018-07-01 2018-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:IntersegmentEliminationMember us-gaap:ManagementServiceMember 2019-01-01 2019-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:IntersegmentEliminationMember ares:PrincipalInvestmentIncomeMember 2019-01-01 2019-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:IntersegmentEliminationMember ares:PrincipalInvestmentIncomeMember 2018-07-01 2018-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:IntersegmentEliminationMember us-gaap:ManagementServiceIncentiveMember 2019-01-01 2019-09-30 0001176948 us-gaap:MaterialReconcilingItemsMember us-gaap:AdministrativeServiceMember 2019-07-01 2019-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:IntersegmentEliminationMember us-gaap:ManagementServiceMember 2019-07-01 2019-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:IntersegmentEliminationMember ares:PrincipalInvestmentIncomeMember 2019-07-01 2019-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:IntersegmentEliminationMember us-gaap:ManagementServiceIncentiveMember 2018-01-01 2018-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:IntersegmentEliminationMember ares:PrincipalInvestmentIncomeMember 2018-01-01 2018-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:IntersegmentEliminationMember us-gaap:ManagementServiceMember 2018-01-01 2018-09-30 0001176948 ares:ConsolidatedFundsMember us-gaap:IntersegmentEliminationMember us-gaap:ManagementServiceMember 2018-07-01 2018-09-30 0001176948 us-gaap:MaterialReconcilingItemsMember us-gaap:AdministrativeServiceMember 2018-01-01 2018-09-30 0001176948 us-gaap:MaterialReconcilingItemsMember us-gaap:AdministrativeServiceMember 2018-07-01 2018-09-30 0001176948 us-gaap:CorporateNonSegmentMember us-gaap:ManagementServiceMember 2019-07-01 2019-09-30 0001176948 ares:OperatingSegmentsAndCorporateNonSegmentMember us-gaap:ManagementServiceMember 2019-07-01 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:OperatingSegmentsMember ares:PrivateEquityGroupMember 2019-07-01 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:OperatingSegmentsMember us-gaap:ManagementServiceMember ares:RealEstateGroupMember 2019-07-01 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:OperatingSegmentsMember ares:CreditGroupMember 2019-07-01 2019-09-30 0001176948 ares:OperatingSegmentsAndCorporateNonSegmentMember 2019-07-01 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:OperatingSegmentsMember us-gaap:ServiceOtherMember ares:CreditGroupMember 2019-07-01 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:OperatingSegmentsMember ares:RealEstateGroupMember 2019-07-01 2019-09-30 0001176948 ares:OperatingSegmentsAndCorporateNonSegmentMember us-gaap:ServiceOtherMember 2019-07-01 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:OperatingSegmentsMember us-gaap:ServiceOtherMember ares:PrivateEquityGroupMember 2019-07-01 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:OperatingSegmentsMember us-gaap:ManagementServiceMember ares:PrivateEquityGroupMember 2019-07-01 2019-09-30 0001176948 us-gaap:CorporateNonSegmentMember us-gaap:ServiceOtherMember 2019-07-01 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:OperatingSegmentsMember us-gaap:ServiceOtherMember ares:RealEstateGroupMember 2019-07-01 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:OperatingSegmentsMember us-gaap:ManagementServiceMember ares:CreditGroupMember 2019-07-01 2019-09-30 0001176948 srt:ParentCompanyMember ares:PrivateEquityGroupMember 2019-01-01 2019-09-30 0001176948 srt:ParentCompanyMember ares:RealEstateGroupMember 2019-09-30 0001176948 srt:ParentCompanyMember ares:RealEstateGroupMember 2019-01-01 2019-09-30 0001176948 srt:ParentCompanyMember country:CN ares:PrivateEquityGroupMember 2019-01-01 2019-09-30 0001176948 srt:ParentCompanyMember ares:AresCapitalCorporationMember ares:RentAndOtherOccupancyExpensesMember srt:AffiliatedEntityMember 2018-12-31 0001176948 srt:ParentCompanyMember ares:CreditGroupMember 2019-09-30 0001176948 srt:ParentCompanyMember ares:PrivateEquityGroupMember 2019-09-30 0001176948 srt:ParentCompanyMember ares:CreditGroupMember 2019-01-01 2019-09-30 0001176948 us-gaap:CorporateNonSegmentMember us-gaap:ServiceOtherMember 2018-01-01 2018-09-30 0001176948 srt:ParentCompanyMember us-gaap:OperatingSegmentsMember us-gaap:ManagementServiceMember ares:RealEstateGroupMember 2018-01-01 2018-09-30 0001176948 srt:ParentCompanyMember us-gaap:OperatingSegmentsMember ares:PrivateEquityGroupMember 2018-01-01 2018-09-30 0001176948 srt:ParentCompanyMember us-gaap:OperatingSegmentsMember us-gaap:ManagementServiceMember ares:PrivateEquityGroupMember 2018-01-01 2018-09-30 0001176948 ares:OperatingSegmentsAndCorporateNonSegmentMember 2018-01-01 2018-09-30 0001176948 srt:ParentCompanyMember us-gaap:OperatingSegmentsMember ares:CreditGroupMember 2018-01-01 2018-09-30 0001176948 srt:ParentCompanyMember us-gaap:OperatingSegmentsMember ares:RealEstateGroupMember 2018-01-01 2018-09-30 0001176948 srt:ParentCompanyMember us-gaap:OperatingSegmentsMember us-gaap:ServiceOtherMember ares:CreditGroupMember 2018-01-01 2018-09-30 0001176948 ares:OperatingSegmentsAndCorporateNonSegmentMember us-gaap:ManagementServiceMember 2018-01-01 2018-09-30 0001176948 srt:ParentCompanyMember us-gaap:OperatingSegmentsMember us-gaap:ManagementServiceMember ares:CreditGroupMember 2018-01-01 2018-09-30 0001176948 ares:OperatingSegmentsAndCorporateNonSegmentMember us-gaap:ServiceOtherMember 2018-01-01 2018-09-30 0001176948 us-gaap:CorporateNonSegmentMember us-gaap:ManagementServiceMember 2018-01-01 2018-09-30 0001176948 srt:ParentCompanyMember us-gaap:OperatingSegmentsMember us-gaap:ServiceOtherMember ares:PrivateEquityGroupMember 2018-01-01 2018-09-30 0001176948 srt:ParentCompanyMember us-gaap:OperatingSegmentsMember us-gaap:ServiceOtherMember ares:RealEstateGroupMember 2018-01-01 2018-09-30 0001176948 srt:ParentCompanyMember srt:ConsolidationEliminationsMember 2018-12-31 0001176948 ares:ConsolidatedFundsMember srt:ConsolidationEliminationsMember 2018-12-31 0001176948 ares:ConsolidatedFundsMember srt:ReportableLegalEntitiesMember 2018-12-31 0001176948 srt:ParentCompanyMember srt:ConsolidationEliminationsMember us-gaap:CommonClassAMember 2018-12-31 0001176948 srt:ParentCompanyMember srt:ReportableLegalEntitiesMember 2018-12-31 0001176948 srt:ParentCompanyMember us-gaap:CommonClassAMember 2018-12-31 0001176948 ares:AresOperatingGroupMember srt:ReportableLegalEntitiesMember 2018-12-31 0001176948 srt:ConsolidationEliminationsMember 2018-12-31 0001176948 srt:ParentCompanyMember srt:ReportableLegalEntitiesMember us-gaap:CommonClassAMember 2018-12-31 0001176948 ares:AresOperatingGroupMember srt:ConsolidationEliminationsMember 2018-12-31 0001176948 srt:ReportableLegalEntitiesMember 2018-12-31 0001176948 srt:ParentCompanyMember us-gaap:CommonClassBMember 2018-12-31 0001176948 srt:ParentCompanyMember us-gaap:CommonClassCMember 2018-12-31 0001176948 srt:ParentCompanyMember srt:ReportableLegalEntitiesMember us-gaap:CommonClassBMember 2018-12-31 0001176948 srt:ParentCompanyMember srt:ReportableLegalEntitiesMember us-gaap:CommonClassCMember 2018-12-31 0001176948 srt:ParentCompanyMember srt:ReportableLegalEntitiesMember us-gaap:ManagementServiceMember 2018-07-01 2018-09-30 0001176948 srt:ParentCompanyMember srt:ReportableLegalEntitiesMember 2018-07-01 2018-09-30 0001176948 srt:ConsolidationEliminationsMember 2018-07-01 2018-09-30 0001176948 ares:AresOperatingGroupMember srt:ReportableLegalEntitiesMember 2018-07-01 2018-09-30 0001176948 ares:ConsolidatedFundsMember srt:ConsolidationEliminationsMember 2018-07-01 2018-09-30 0001176948 srt:ParentCompanyMember srt:ReportableLegalEntitiesMember us-gaap:ManagementServiceIncentiveMember 2018-07-01 2018-09-30 0001176948 srt:ConsolidationEliminationsMember ares:PrincipalInvestmentIncomeMember 2018-07-01 2018-09-30 0001176948 srt:ConsolidationEliminationsMember ares:CarriedInterestMember 2018-07-01 2018-09-30 0001176948 srt:ConsolidationEliminationsMember us-gaap:ManagementServiceMember 2018-07-01 2018-09-30 0001176948 srt:ParentCompanyMember srt:ReportableLegalEntitiesMember ares:CarriedInterestMember 2018-07-01 2018-09-30 0001176948 ares:ConsolidatedFundsMember srt:ReportableLegalEntitiesMember 2018-07-01 2018-09-30 0001176948 srt:ParentCompanyMember srt:ReportableLegalEntitiesMember ares:PrincipalInvestmentIncomeMember 2018-07-01 2018-09-30 0001176948 ares:AresOperatingGroupMember srt:ConsolidationEliminationsMember 2018-07-01 2018-09-30 0001176948 us-gaap:AdministrativeServiceMember 2018-07-01 2018-09-30 0001176948 srt:ConsolidationEliminationsMember us-gaap:ManagementServiceIncentiveMember 2018-07-01 2018-09-30 0001176948 srt:ConsolidationEliminationsMember us-gaap:AdministrativeServiceMember 2018-07-01 2018-09-30 0001176948 srt:ParentCompanyMember srt:ReportableLegalEntitiesMember us-gaap:AdministrativeServiceMember 2018-07-01 2018-09-30 0001176948 us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2018-12-31 0001176948 us-gaap:VariableInterestEntityNotPrimaryBeneficiaryAggregatedDisclosureMember 2018-12-31 0001176948 ares:ConsolidatedFundsMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2018-12-31 0001176948 ares:ConsolidatedFundsMember us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2019-09-30 0001176948 us-gaap:VariableInterestEntityNotPrimaryBeneficiaryAggregatedDisclosureMember 2019-09-30 0001176948 us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2019-09-30 0001176948 ares:ConsolidatedFundsMember srt:ReportableLegalEntitiesMember 2019-01-01 2019-09-30 0001176948 srt:ParentCompanyMember srt:ReportableLegalEntitiesMember 2019-01-01 2019-09-30 0001176948 srt:ConsolidationEliminationsMember 2019-01-01 2019-09-30 0001176948 srt:ParentCompanyMember srt:ReportableLegalEntitiesMember ares:CarriedInterestMember 2019-01-01 2019-09-30 0001176948 srt:ConsolidationEliminationsMember ares:PrincipalInvestmentIncomeMember 2019-01-01 2019-09-30 0001176948 srt:ParentCompanyMember srt:ReportableLegalEntitiesMember ares:PrincipalInvestmentIncomeMember 2019-01-01 2019-09-30 0001176948 ares:AresOperatingGroupMember srt:ConsolidationEliminationsMember 2019-01-01 2019-09-30 0001176948 srt:ParentCompanyMember ares:CarriedInterestMember 2019-01-01 2019-09-30 0001176948 srt:ParentCompanyMember srt:ReportableLegalEntitiesMember us-gaap:AdministrativeServiceMember 2019-01-01 2019-09-30 0001176948 ares:ConsolidatedFundsMember srt:ConsolidationEliminationsMember 2019-01-01 2019-09-30 0001176948 srt:ConsolidationEliminationsMember us-gaap:ManagementServiceMember 2019-01-01 2019-09-30 0001176948 ares:AresOperatingGroupMember srt:ReportableLegalEntitiesMember 2019-01-01 2019-09-30 0001176948 srt:ConsolidationEliminationsMember us-gaap:ManagementServiceIncentiveMember 2019-01-01 2019-09-30 0001176948 us-gaap:AdministrativeServiceMember 2019-01-01 2019-09-30 0001176948 srt:ParentCompanyMember srt:ReportableLegalEntitiesMember us-gaap:ManagementServiceMember 2019-01-01 2019-09-30 0001176948 srt:ParentCompanyMember srt:ReportableLegalEntitiesMember us-gaap:ManagementServiceIncentiveMember 2019-01-01 2019-09-30 0001176948 srt:ConsolidationEliminationsMember ares:CarriedInterestMember 2019-01-01 2019-09-30 0001176948 srt:ConsolidationEliminationsMember us-gaap:AdministrativeServiceMember 2019-01-01 2019-09-30 0001176948 srt:ConsolidationEliminationsMember us-gaap:ManagementServiceMember 2018-01-01 2018-09-30 0001176948 srt:ConsolidationEliminationsMember 2018-01-01 2018-09-30 0001176948 ares:ConsolidatedFundsMember srt:ReportableLegalEntitiesMember 2018-01-01 2018-09-30 0001176948 srt:ParentCompanyMember srt:ReportableLegalEntitiesMember 2018-01-01 2018-09-30 0001176948 ares:AresOperatingGroupMember srt:ReportableLegalEntitiesMember 2018-01-01 2018-09-30 0001176948 ares:ConsolidatedFundsMember srt:ConsolidationEliminationsMember 2018-01-01 2018-09-30 0001176948 us-gaap:AdministrativeServiceMember 2018-01-01 2018-09-30 0001176948 srt:ParentCompanyMember srt:ReportableLegalEntitiesMember us-gaap:AdministrativeServiceMember 2018-01-01 2018-09-30 0001176948 srt:ParentCompanyMember srt:ReportableLegalEntitiesMember us-gaap:ManagementServiceMember 2018-01-01 2018-09-30 0001176948 srt:ParentCompanyMember srt:ReportableLegalEntitiesMember ares:PrincipalInvestmentIncomeMember 2018-01-01 2018-09-30 0001176948 ares:AresOperatingGroupMember srt:ConsolidationEliminationsMember 2018-01-01 2018-09-30 0001176948 srt:ParentCompanyMember srt:ReportableLegalEntitiesMember ares:CarriedInterestMember 2018-01-01 2018-09-30 0001176948 srt:ParentCompanyMember srt:ReportableLegalEntitiesMember us-gaap:ManagementServiceIncentiveMember 2018-01-01 2018-09-30 0001176948 srt:ConsolidationEliminationsMember ares:CarriedInterestMember 2018-01-01 2018-09-30 0001176948 srt:ConsolidationEliminationsMember us-gaap:ManagementServiceIncentiveMember 2018-01-01 2018-09-30 0001176948 srt:ConsolidationEliminationsMember us-gaap:AdministrativeServiceMember 2018-01-01 2018-09-30 0001176948 srt:ConsolidationEliminationsMember ares:PrincipalInvestmentIncomeMember 2018-01-01 2018-09-30 0001176948 ares:ConsolidatedFundsMember srt:ReportableLegalEntitiesMember 2019-07-01 2019-09-30 0001176948 srt:ParentCompanyMember srt:ReportableLegalEntitiesMember 2019-07-01 2019-09-30 0001176948 srt:ParentCompanyMember srt:ReportableLegalEntitiesMember us-gaap:ManagementServiceMember 2019-07-01 2019-09-30 0001176948 srt:ParentCompanyMember srt:ReportableLegalEntitiesMember us-gaap:AdministrativeServiceMember 2019-07-01 2019-09-30 0001176948 srt:ConsolidationEliminationsMember 2019-07-01 2019-09-30 0001176948 srt:ConsolidationEliminationsMember us-gaap:ManagementServiceMember 2019-07-01 2019-09-30 0001176948 ares:ConsolidatedFundsMember srt:ConsolidationEliminationsMember 2019-07-01 2019-09-30 0001176948 srt:ConsolidationEliminationsMember ares:PrincipalInvestmentIncomeMember 2019-07-01 2019-09-30 0001176948 ares:AresOperatingGroupMember srt:ReportableLegalEntitiesMember 2019-07-01 2019-09-30 0001176948 ares:AresOperatingGroupMember srt:ConsolidationEliminationsMember 2019-07-01 2019-09-30 0001176948 srt:ParentCompanyMember srt:ReportableLegalEntitiesMember ares:CarriedInterestMember 2019-07-01 2019-09-30 0001176948 us-gaap:AdministrativeServiceMember 2019-07-01 2019-09-30 0001176948 srt:ConsolidationEliminationsMember ares:CarriedInterestMember 2019-07-01 2019-09-30 0001176948 srt:ConsolidationEliminationsMember us-gaap:AdministrativeServiceMember 2019-07-01 2019-09-30 0001176948 srt:ParentCompanyMember srt:ReportableLegalEntitiesMember ares:PrincipalInvestmentIncomeMember 2019-07-01 2019-09-30 0001176948 srt:ConsolidationEliminationsMember us-gaap:ManagementServiceIncentiveMember 2019-07-01 2019-09-30 0001176948 srt:ParentCompanyMember srt:ReportableLegalEntitiesMember us-gaap:ManagementServiceIncentiveMember 2019-07-01 2019-09-30 0001176948 srt:ParentCompanyMember srt:ReportableLegalEntitiesMember 2019-09-30 0001176948 srt:ConsolidationEliminationsMember 2019-09-30 0001176948 ares:ConsolidatedFundsMember srt:ReportableLegalEntitiesMember 2019-09-30 0001176948 srt:ParentCompanyMember srt:ConsolidationEliminationsMember 2019-09-30 0001176948 srt:ReportableLegalEntitiesMember 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:CommonClassCMember 2019-09-30 0001176948 ares:ConsolidatedFundsMember srt:ConsolidationEliminationsMember 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:CommonClassAMember 2019-09-30 0001176948 ares:AresOperatingGroupMember srt:ReportableLegalEntitiesMember 2019-09-30 0001176948 srt:ParentCompanyMember srt:ConsolidationEliminationsMember us-gaap:CommonClassAMember 2019-09-30 0001176948 srt:ParentCompanyMember us-gaap:CommonClassBMember 2019-09-30 0001176948 srt:ParentCompanyMember srt:ReportableLegalEntitiesMember us-gaap:CommonClassAMember 2019-09-30 0001176948 ares:AresOperatingGroupMember srt:ConsolidationEliminationsMember 2019-09-30 0001176948 us-gaap:SubsequentEventMember 2019-10-01 2019-10-31 iso4217:USD xbrli:shares ares:segment iso4217:USD xbrli:pure xbrli:shares ares:fund

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

For the quarterly period ended September 30, 2019

OR

For the transition period from             to            

Commission File No. 001-36429

2000 Avenue of the Stars, 12th Floor, Los Angeles, CA 90067

(Address of principal executive office) (Zip Code)

(310) 201‑4100

(Registrant’s telephone number, including area code)

N/A

(Former name, former address and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Class A common stock, par value $0.01 per share	ARES	New York Stock Exchange
7.00% Series A Preferred Stock, par value $0.01 per share	ARES.PRA	New York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days: Yes x  No ¨

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S‑T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes x  No ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non‑accelerated filer, a smaller reporting company, or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company.” and “emerging growth company” in Rule 12b‑2 of the Exchange Act.

Large Accelerated Filer	x	Accelerated Filer	☐	Non‑Accelerated Filer	☐	Smaller Reporting Company	☐	Emerging Growth Company	☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b‑2 of the Exchange Act). Yes ☐  No x

As of October 31, 2019 there were 114,745,595 of the registrant’s shares of Class A common stock outstanding, 1,000 shares of the registrant's Class B common stock outstanding, and 1 share of the registrant's Class C common stock outstanding.

TABLE OF CONTENTS

Cautionary Note Regarding Forward‑Looking Statements

This report contains forward‑looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), which reflect our current views with respect to, among other things, future events, operations and financial performance. You can identify these forward‑looking statements by the use of forward‑looking words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of those words, other comparable words or other statements that do not relate to historical or factual matters. The forward‑looking statements are based on our beliefs, assumptions and expectations of our future performance, taking into account all information currently available to us. Such forward‑looking statements are subject to various risks and uncertainties and assumptions relating to our operations, financial results, financial condition, business prospects, growth strategy and liquidity. Some of these factors are described in this report and in our Annual report on Form 10-K for the year ended December 31, 2018, under the headings “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors.” These factors should not be construed as exhaustive and should be read in conjunction with the risk factors and other cautionary statements that are included in this report and in our other periodic filings. If one or more of these or other risks or uncertainties materialize, or if our underlying assumptions prove to be incorrect, our actual results may vary materially from those indicated in these forward‑looking statements. New risks and uncertainties arise over time, and it is not possible for us to predict those events or how they may affect us. Therefore, you should not place undue reliance on these forward‑looking statements. Any forward‑looking statement speaks only as of the date on which it is made. We do not undertake any obligation to publicly update or review any forward‑looking statement, whether as a result of new information, future developments or otherwise, except as required by law.

Under generally accepted accounting principles in the United States (“GAAP”), we are required to consolidate (a) entities other than limited partnerships and entities similar to limited partnerships in which we hold a majority voting interest or have 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 we are presumed to have controlling financial interests, and (b) entities that we concluded are variable interest entities (“VIEs”), including limited partnerships and collateralized loan obligations, for which we are deemed to be the primary beneficiary. When an entity is consolidated, we reflect the assets, liabilities, revenues, expenses and cash flows of the entity in our consolidated financial statements on a gross basis, subject to eliminations from consolidation, including the elimination of the management fees, performance income and other fees that we earn from the entity. However, the presentation of performance related compensation and other expenses associated with generating such revenues is not affected by the consolidation process. In addition, as a result of the consolidation process, the net income attributable to third‑party investors in consolidated entities is presented as net income attributable to non‑controlling interests in Consolidated Funds in our Condensed Consolidated Statements of Operations.

In this quarterly report on Form 10-Q, in addition to presenting our results on a consolidated basis in accordance with GAAP, we present revenues, expenses and other results on a (i) “segment basis,” which deconsolidates these entities and therefore shows the results of our reportable segments without giving effect to the consolidation of the entities and (ii) “Unconsolidated Reporting basis,” which shows the results of our reportable segments on a combined segment basis together with our Operations Management Group. In addition to our three segments, we have an Operations Management Group (the “OMG”) that consists of shared resource groups to support our reportable segments by providing infrastructure and administrative support in the areas of accounting/finance, operations, information technology, strategy and relationship management, legal, compliance and human resources. The OMG’s expenses are not allocated to our three reportable segments but we consider the cost structure of the OMG when evaluating our financial performance. This information constitutes non‑GAAP financial information within the meaning of Regulation G, as promulgated by the SEC. Our management uses this information to assess the performance of our reportable segments and our OMG, and we believe that this information enhances the ability of shareholders to analyze our performance. For more information, see “Notes to the Condensed Consolidated Financial Statements - Note 14. Segment Reporting.”

Glossary

When used in this report, unless the context otherwise requires:

the NAV plus uncalled equity or total assets plus uncalled debt, as applicable, of our funds for which we are entitled to receive a performance income, excluding capital committed by us and our professionals (from which we generally do not earn performance income). With respect to ARCC's AUM, only ARCC Part II Fees may be generated from IEAUM;

References in this Quarterly Report on Form 10-Q to (1) “common shares” and “preferred shares” refer to shares of our Class A common stock and the Series A Preferred Stock, respectively, previously outstanding prior to our Conversion and (2) “common shareholders” and “preferred shareholders” refer to holders of shares of our Class A common stock and shares of the Series A Preferred Stock, respectively, prior to our Conversion.

Many of the terms used in this report, including AUM, FPAUM, FRE and RI, may not be comparable to similarly titled measures used by other companies. In addition, our definitions of AUM and FPAUM are not based on any definition of AUM or FPAUM that is set forth in the agreements governing the investment funds that we manage and may differ from definitions of AUM or FPAUM set forth in other agreements to which we are a party or definitions used by the SEC or other regulatory bodies. Further, FRE and RI are not measures of performance calculated in accordance with GAAP. We use FRE and RI as measures of operating performance, not as measures of liquidity. FRE and RI should not be considered in isolation or as substitutes for operating income, net income, operating cash flows, or other income or cash flow statement data prepared in accordance with GAAP. The use of FRE and RI without consideration of related GAAP measures is not adequate due to the adjustments described above. Our management compensates for these limitations by using FRE and RI as supplemental measures to our GAAP results. We present these measures to provide a more complete understanding of our performance as our management measures it. Amounts and percentages throughout this report may reflect rounding adjustments and consequently totals may not appear to sum.