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rate hikes

The Dallas-based manager is pivoting some of its equity vehicles to also include debt investments amid rising investor demand.
The latest 75-basis-point installment has brought a further pause on less-than-great deals.
US central bank still expects 3.25-3.5% range by 2022’s end.
Amid lingering uncertainty, the manager analyzes historic rates in an attempt to predict what is to come.

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