In this paper we study cycles in multiset permutations and parking functions. As combinatorial objects, multiset permutations are essential building blocks for mappings and permutations, while parking functions lie between mappings and permutations. We take both algebraic and analytic views in our investigation and present exact as well as asymptotic results. We point to a surprising correspondence between two statistics on multiset permutations, terminal closers and cyclic points, shedding light on the combinatorial structure.