
Participants from all corners of the US securitization industry gathered together at The Metropolitan Club of New York on Tuhrsday for GlobalCapital’s annual awards dinner.
Sold out for a second consecutive year, almost 250 guests packed into the room to celebrate the market’s successes over the last year and to raise a glass to the winning deals, organizations and individuals.
The market was celebrating a remarkable year, which saw several varieties of securitized products enjoy their biggest year of issuance since the 2008 financial crisis and many asset classes truly come into their own. It was undoubtedly a pivotal year in the development of data center ABS, middle market CLOs and non-QM RMBS, among others, while innovations also came to the fore in both on-the-run and esoteric asset classes.
The GlobalCapital Securitization Awards are unique in that they are decided by the market itself. This means that the winners are those the industry considers to be its leading lights.
Research for the awards began back in December, when the market was asked to nominate those that it deemed worthy of inclusion on the shortlist. The nominees were published in February and opened to a market vote to select the winners. Almost 2,000 individuals from all corners of the market cast their votes, resulting in over 160 nominees and more than 50 winners.
The exceptions to the vote were three pitched categories: Overall Securitization Bank of the Year, Esoteric ABS Bank of the Year and Innovative Deal of the Year.
These categories were chosen by our editorial team — after much deliberation — and winners were based on pitches received from the candidates themselves.
Morgan Stanley won the coveted Overall Securitization Bank of the Year award. The bank has made strides in RMBS and consumer and esoteric ABS, building on its already strong CMBS and CLO businesses. Above all, its holistic and integrated approach to securitization and structured finance — as the worlds of secured lending, private credit and capital solutions converge ever faster — stood out. Its strength across the board was highlighted by its role on almost all of the winning deals.
Guggenheim Securities scooped the Esoteric ABS Bank of the Year, standing out in a competitive field for its commitment to innovation, deep client coverage and strength in bringing new issuers to market.
CHASE 2024-DRT was named Innovative Deal of the Year. The transaction moved the US risk transfer market forward in a unique way, providing with a blueprint of how non-agency mortgage risk transfers could be done in the future.
Atlas SP Partners received the Editor's Choice Award, in recognition of its remarkable growth story following its acquistion by Apollo. It has bounced back over the last year, to reframe what it means to be an arranger of securitizations.
Congratulations to all our winners and nominees, and huge thanks to all those who took the time to pitch and vote in the poll. The full list of winners and nominees is below. Click here to download a PDF of the winners.
The Winners
Pitched Awards
Overall Securitization Bank of the Year
Morgan Stanley
Esoteric ABS Bank of the Year
Guggenheim Securities
Innovative Securitization Deal of the Year
CHASE 2024-DRT
(Chase, JP Morgan)
Editor's Choice
Atlas SP Partners
Polled Awards
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ABS Bank of the YearWinner: JP Morgan
Bank of America
Barclays
Citi
Wells FargoABS Trading Desk of the YearWinner: Deutsche Bank
Bank of America
Barclays
Jefferies
JP MorganABS Issuer of the YearWinner: Bayview Asset Management
Ascent Funding
Carlyle
Pagaya
SantanderABS Deal of the YearWinner: Octane Receivables Trust 2024-RVM1
(Octane, Atlas SP Partners, JP Morgan, Mizuho, Truist Securities)
Ascent Education Funding Trust 2024-A
Capital Street Master Trust (Goldman Sachs capital call securitization)
Carvana 24-N2
PKAIR 2024-1ABS Law Firm of the YearWinner: Mayer Brown
Clifford Chance
Morgan Lewis
Sidley Austin
Weil Gotshal & MangesABS Investor of the YearWinner: MetLife Investment Management
Apollo
BlackRock
Blackstone
PIMCOABS Rating Agency of the YearWinner: KBRA
Fitch Ratings
Moody's Ratings
Morningstar DBRS
S&P Global RatingsEsoteric ABS Deal of the YearWinner: Subway Whole Business Securitization
(Subway, Barclays, JP Morgan, Mizuho, Morgan Stanley, MUFG, Rabobank,
Wells Fargo, UBS)
Beats 2024-1
OMFIT 2024-1
Sotheby's ArtFi 2024-1
ENFIN 2024-1
TENET 2024-1Esoteric ABS Issuer of the YearWinner: Affirm
DigitalBridge
Pagaya
PK AirFinance
Sotheby'sEsoteric Law Firm of the YearWinner: Kramer Levin
Chapman & Cutler
Dechert
Dentons
Latham & WatkinsEsoteric ABS Investor of the YearWinner: Metlife
CapRe
Brown Brothers Harriman
PIMCO
TPG Angelo Gordon -
RMBS Bank of the YearWinner: Nomura
Atlas SP Partners
Bank of America
Barclays
JP Morgan
Morgan StanleyRMBS Trading Desk of the YearWinner: JP Morgan
Bank of America
Barclays
Morgan Stanley
NomuraRMBS Issuer of the YearWinner: Chase
Annaly Capital Management
Balbec Capital
Invictus Capital Partners
Rithm CapitalRMBS Deal of the YearWinner: Toorak 2024-RRTL1
(Toorak, Deutsche Bank, JP Morgan, Morgan Stanley, Performance Trust,
Dechert)
CHASE 2024-DRT1
Connecticut Avenue Securities Trust 2024-R04
EFMT 2024-RM1
HTAP 2024-1RMBS Law Firm of the YearWinner: Dentons
Clifford Chance
Dechert
Hunton Andrews Kurth
Katten
Mayer BrownRMBS Investor of the YearWinner: Waterfall Asset Management
Apollo
BlackRock
Ellington Management Group
PIMCORMBS Rating Agency of the YearWinner: Fitch Ratings
KBRA
Moody's Ratings
Morningstar DBRS
S&P Global Ratings -
CMBS Bank of the YearWinner: Bank of America
Citi
Deutsche Bank
Goldman Sachs
JP Morgan
Wells FargoCMBS Trading Desk of the YearWinner: Barclays
Bank of America
BMO Capital Markets
Citi
Deutsche BankCMBS Issuer of the YearWinner: Blackstone
Fannie Mae
Freddie Mac
Morgan Stanley
Wells FargoCMBS Deal of the YearWinner: ROCK 2024-CNTR
(Tishman Speyer, Bank of America, Wells Fargo, Dechert, Sullivan & Cromwell)
BAHA 2024-MAR
BX 2024-AIRC
COMM 2024-277P
FARM 2024-2
FMBT 2024-FBLUCMBS Law Firm of the YearWinner: Cadwalader, Wickersham & Taft
Alston & Bird
Dechert
Orrick
Sidley AustinCMBS Investor of the YearWinner: BlackRock
Apollo
MetLife
TPG Angelo GordonCMBS Rating Agency of the YearWinner: Moody's Ratings
Fitch Ratings
KBRA
Morningstar DBRS
S&P Global Ratings -
CLO Bank of the YearWinner: Nomura
Bank of America
BNP Paribas
Citi
JP Morgan
Morgan StanleyCLO Trading Desk of the YearWinner: Bank of America
Citi
JP Morgan
Morgan Stanley
Société GénéraleBroadly Syndicated CLO Manager of the YearWinner: CIFC Asset Management
Blackstone
Carlyle
GoldenTree Asset Management
MidOcean Partners
Sculptor Capital Management
Symphony Asset Management (Nuveen)Middle Market CLO Manager of the YearWinner: Blue Owl Capital
Alliance Bernstein
Antares
Blackstone
Deerpath
Golub CapitalCLO Deal of the YearWinner: GoldenTree Loan Management US CLO 23
(GoldenTree Asset Management, Bank of America, Morgan Stanley, Wells Fargo)
Canyon CLO 2024-2
Madison Park 66
Menlo CLO 1
Symphony Loan Funding CLO 1CLO Law Firm of the YearWinner: Paul Hastings
Cadwalader, Wickersham & Taft
Clifford Chance
Dechert
MilbankCLO Trustee of the YearWinner: US Bank
Bank of New York Mellon
Computershare
Deutsche Bank
Wilmington TrustCLO Tech Provider of the YearWinner: Intex
Kopentech
Valitana
Vichara TechnologiesCLO Investor of the YearWinner: Apollo Global Management
AIG
Metlife
Nuveen
VibrantCLO Rating Agency of the YearWinner: S&P Global Ratings
Fitch Ratings
Moody's RatingsCLO ETF Provider of the YearWinner: Janus Henderson
BlackRock
PGIM
VanEck -
SRT Bank of the YearWinner: Santander
Bank of America
Barclays
Deutsche Bank
JP Morgan
Merchants BankSRT Law Firm of the YearWinner: Clifford Chance
Cadwalader, Wickersham & Taft
Mayer BrownSRT Investor of the YearWinner: Bayview Asset Management
ArrowMark
NewmarketRe(insurer) of the YearWinner: Munich Re
Arch
RenaissanceRe -
ESG Securitization Bank of the YearWinner: Atlas SP Partners
Bank of America
BNP Paribas
Deutsche Bank
Wells FargoESG Issuer of the YearWinner: Nuveen Green Capital
Fannie Mae
Freddie Mac
Sunnova
SunRunSustainable Investor of the YearWinner: Apollo Global Management
AIG
MetLife
Newmarket
TPG Angelo GordonESG Deal of the YearWinner: GoodLeap 2024-1
(GoodLeap, Atlas SP Partners, Goldman Sachs, Bank of America, Citi)
Enfin 2024-1
Freddie Mac Q-027 (Transitional Housing)
Tesla Energy ABS 2024-1
WFCM 2024-SVENESG Law Firm of the YearWinner: Mayer Brown
Chapman & Cutler
Cleary Gottlieb Steen & Hamilton
Dechert
Kramer Levin -
Securitization Research Team of the YearWinner: Bank of America
Barclays
JP Morgan
Morgan Stanley
NomuraSecuritization Tech Provider of the YearWinner: Finsight
dv01
Oxane Partners
Setpoint
SOLVESecuritization Trading Data Provider of the YearWinner: Bloomberg
Finsight
Intex
Moody's
SOLVESecuritization Trustee of the YearWinner: Wilmington Trust
Citi
Computershare
US Bank
WSFS BankSecuritization Rating Agency of the YearWinner: S&P Global Ratings
Fitch Ratings
KBRA
Moody's Ratings
Morningstar DBRSSecuritization Accounting Firm of the YearWinner: Deloitte
EY
Grant Thornton
KPMG
PwCDebut Issuer of the YearWinner: Sotheby's
Ascent Funding
Clicklease
Hometap
Kobalt MusicSecuritization Rising StarWinner: Samantha Batt, Blue Owl Capital
Charlie Dann, Truist Securities
Will Graboyes, Jefferies
Dylan Majka, JP Morgan
Ryan Singer, Balbec Capital
Anna Truong, Grant Thornton