In the first Capital Markets View of 2022, Taron and Chris recap a record year and make some predictions for the coming year. Loan issuance beat many 2007 records globally, and the issuance mix was strong with a high percentage of M&A-driven deals. The pipeline continues to look strong in the near-term, including some large transactions. They also talk about the continued rise of direct lending, strong secondary loan market returns, a record year for CLO issuance with again a good pipeline, and finally how investment into non-CLO funds may increase in 2022.