With the intense heat of the New York summer finally cooling off in mid-September, it was the perfect time to once again — after more than two years — gather the structured finance industry together to celebrate GlobalCapital’s US Securitization Awards. Our winners were announced at a gala dinner held at Essex House, just off Central Park, with over 140 market participants in attendance.
It was all the way back in February when GlobalCapital first called for nominations for awards. By April we had published our shortlist and launched a vote to decide the winners, who were — in all but four categories — chosen by a poll of market participants. More than 13,000 votes were cast, and we had over 40 winning deals and institutions.
The four exceptions to the vote were Overall Securitization Bank of the Year, Esoteric ABS Bank of the Year, CLO Arranging Bank of the Year, and Innovative Securitization Deal. These categories — the first four listed below — were chosen by our editorial team and were based on pitches received from the nominees themselves.
In a year in which the securitization market has overwhelmingly proven its resilience to challenging external market conditions, GlobalCapital was very impressed with the standard of pitches — though perhaps even more impressed by the enthusiasm with which market participants took to the hotel bar to toast the winners. It has been a long couple of years, after all.
Well done to all our winners and nominees, and huge thanks to all those who took the time to pitch and vote in the poll. Please find the comprehensive list of winners and nominees below.
At the end of the awards is a link to the images of the night.
Pitched Awards
Overall Securitization Bank of the Year
Credit Suisse
Esoteric ABS Bank of the Year
Truist Securities
CLO Arranging Bank of the Year
Morgan Stanley
Innovative Securitization Deal of the Year
Catamaran CLO 2014-1 LTD AMR (KopenTech)
Polled Awards
ABS Bank of the Year
Winner: Credit Suisse
Nominees:
Bank of America
Barclays
Citi
JP Morgan
Wells Fargo
ABS Trading Desk of the Year
Winner: Credit Suisse
Nominees:
Barclays
Goldman Sachs
JP Morgan
Truist
Wells Fargo
ABS Issuer of the Year
Winner: Verizon
Nominees:
Carvana
Freedom Financial
Pagaya
Santander
Esoteric ABS Issuer of the Year
Winner: Affirm
Nominees:
Data Bank
Nuveen Green Capital/Greenworks Lending
Oak Street Investment Grade Net Lease Fund
Solar Mosaic
ABS Deal of the Year
Winner: Carvana Auto Receivables Trust 2021-P4
(Carvana; Bank of New York Mellon, BNP Paribas, Citi, Credit Suisse, Deutsche Bank, Kirkland & Ellis, Robert W Baird & Co, Sidley Austin, Wells Fargo)
Nominees:
MFCCMT 2021-1
Point Securitization Trust 2021-1
Santander Bank Auto Credit-Linked Notes, Series 2021-1
Verizon Master Trust 2021-1
Esoteric ABS Deal of the Year
Winner: Greenworks CPACE 2021-1
(Nuveen Green Capital; Guggenheim Securities, ING Financial Markets, Orrick, Herrington & Sutcliffe, Truist Securities)
Nominees:
Diamond Issuer LLC, Fixed Rate Secured Cellular Site Revenue Notes
Goldman Home Improvement Trust 2021-GRN2 Issuer Trust, Series 2021-GRN2
Hotwire 2021-2
OnDeck (ODART 2021-1)
ABS Law Firm of the Year
Winner: Mayer Brown
Nominees:
Dechert
Katten Muchin Rosenman
Kramer Levin
Morgan Lewis & Bockius
ABS Accounting Firm of the Year
Winner: Deloitte
Nominees:
EY
Grant Thornton
KPMG
PwC
RMBS Bank of the Year
Winner: JP Morgan
Nominees:
Barclays
BofA Securities
Citi
Credit Suisse
Wells Fargo
RMBS Trading Desk of the Year
Winner: JP Morgan
Nominees:
Bank of America
Barclays
Citi
Wells Fargo
RMBS Issuer of the Year
Winner: Redwood Trust
Nominees:
Finance of America
Freddie Mac
JP Morgan
Waterfall Asset Management
RMBS Deal of the Year
Winner: Sequoia Mortgage Trust 2021-9
(Redwood Trust; Stifel, Wells Fargo)
Nominees:
JP Morgan Mortgage Trust 2021-LTV2
RATE Mortgage Trust 2021-J1
Freddie Mac STACR REMIC 2021-HQA3
UWM 2021-1
RMBS Law Firm of the Year
Winner: Sidley Austin
Nominees:
Cadwalader, Wickersham & Taft
Dechert
Dentons
Hunton Andrews Kurth
RMBS Accounting Firm of the Year
Winner: Deloitte
Nominees:
EY
Frontier Group
Grant Thornton
PwC
CMBS Bank of the Year
Winner: Wells Fargo
Nominees:
Bank of America
Credit Suisse
Goldman Sachs
JP Morgan
Morgan Stanley
CMBS Trading Desk of the Year
Winner: JP Morgan
Nominees:
Bank of America
Barclays
Credit Suisse
Morgan Stanley
Wells Fargo
CMBS Issuer of the Year
Winner: Fannie Mae
Nominees:
Barclays
JP Morgan
Morgan Stanley
Wells Fargo
CMBS Deal of the Year
Winner: VMC Finance 2021-HT1
(VMC Finance; Cadwalader, Wickersham & Taft, Dechert, Värde Partners, Wilmington Trust)
Nominees:
BANK 2021-BNK37
SLG Office Trust 2021-OVA
SREIT 2021-PALM
CMBS Law Firm of the Year
Winner: Cadwalader, Wickersham & Taft
Nominees:
Chapman and Cutler
Dechert
Mayer Brown
Sidley Austin
CMBS Accounting Firm of the Year
Winner: EY
Nominees:
Deloitte
Frontier
Grant Thornton
KPMG
CLO Trading Desk of the Year
Winner: Morgan Stanley
Nominees:
Citi
Credit Suisse
Jefferies
JP Morgan
MUFG
Broadly Syndicated CLO Manager of the Year
Winner: Carlyle
Nominees:
AGL Credit Management
Onex Partners
Palmer Square Capital Management
ZAIS Group
Middle Market CLO Manager of the Year
Winner: Golub Capital
Nominees:
AllianceBernstein
Antares Capital
Fortress Investment Group
Ivy Hill Asset Management
Broadly Syndicated CLO Deal of the Year
Winner: Palmer Square CLO 2021-1
(Palmer Square Capital Management, Dechert, Morgan Stanley)
Nominees:
CVC Credit Partners Apidos XXXVIII
Elmwood CLO XII
GLM US CLO 7
STWD 2021-SIF1
ZAIS CLO 17
Middle Market CLO Deal of the Year
Winner: BlackRock DLF-VIII-L CLO
(BlackRock; Cadwalader, Wickersham & Taft, Morgan Stanley)
Nominees:
Antares CLO 2021-1, Ltd.
Barings Middle Market CLO Ltd. 2021-I
BCRED MML CLO 2021-1 LLC
Churchill Middle Market CLO III
CLO Law Firm of the Year
Winner: Dechert
Nominees:
Cadwalader, Wickersham & Taft
Morgan Lewis & Bockius
Walkers
CLO Accounting Firm of the Year
Winner: Deloitte
Nominees:
EY
Grant Thornton
PwC
CLO Trustee of the Year
Winner: U.S. Bank
Nominees:
Bank of New York Mellon
Citi/Virtus
Deutsche Bank
Wells Fargo
Wilmington Trust
Insurance Investor of the Year
Winner: MetLife
Nominees:
American Family Insurance
NY Life
PGIM
Asset Management Investor of the Year
Winner: Blackstone
Nominees:
Brown Brothers Harriman
Doubleline
Pimco
Truist
Securitization Research Team of the Year
Winner: Bank of America
Nominees:
Deutsche Bank
JP Morgan
Moody's
Morgan Stanley
Securitization Data Provider of the Year
Winner: Moody's Analytics
Nominees:
Bloomberg Data Management Services
Clarity Data Intelligence
dv01
Solve Advisors
Securitization Trading Data Provider of the Year
Winner: Finsight
Nominees:
Bloomberg Data Management Services
IHS Markit
JP Morgan
Solve Advisors
Trepp
Wells Fargo
Securitization Trustee of the Year
Winner: U.S. Bank
Nominees:
Deutsche Bank
Wells Fargo
Wilmington Trust
Securitization Rating Agency of the Year
Winner: KBRA
Nominees:
DBRS Morningstar
Fitch Ratings
Moody's
S&P Global Ratings