Institutional Credit · Private Credit · CMBS · Distressed Debt
Travis Goad
Grew a private credit fund from $15M to $430M, delivering 13%+ net IRR to investors and leading three first-of-their-kind debt issuances. Now applying the same institutional discipline to the $40B+ seller-financed business note market.
Background
20 Years at the Center of Institutional Credit
Travis Goad built his career at the institutional level: resolving distressed portfolios at LNR Partners (the largest CMBS special servicer in the country), managing a $300M+ credit portfolio at MKP Capital hedge fund, and sourcing special situation investments at Harbor Group International.
He joined Pelorus Capital Group in early 2020 as Managing Partner and co-owner (one of three owners), growing AUM from $15M to $430M and delivering 13%+ net IRR to investors. He personally led all debt issuances including PCG 2023-1 (the first-ever cannabis-sector securitization), the first unsecured cannabis bond, and the first A-rated secured cannabis bond.
Today, Travis leads Seller Edge Capital, applying institutional-grade underwriting to the $40B+ seller-financed business note market.
Private Credit & Note Investing
Acquiring senior, first-lien seller-financed business promissory notes nationwide. Institutional discipline applied to a $40B+ underserved market.
CMBS & Structured Credit
Controlling class bond positions, B-piece investing, CRE CLOs, and complex loan workouts, executed across $300M+ portfolios at MKP Capital and LNR Partners.
Distressed Debt & Workouts
Negotiated $700M+ in loan modifications across 100+ defaulted loans in 20+ states. Selected from 8 bidders to represent $250M in Israeli bondholders on the $1B Starwood mall portfolio.
Fund Formation & Capital Raising
Joined Pelorus Capital Group in early 2020 as Managing Partner and co-owner (one of three owners). Grew AUM from $15M to $430M and personally led all debt issuances: PCG 2023-1 (first-ever cannabis securitization), the first unsecured cannabis bond, and the first A-rated secured cannabis bond.
Institutional Background
LNR Partners
$12B Servicer
MKP Capital
$300M+ Portfolio
Harbor Group
$10B AUM
Pelorus Capital
$430M AUM
TG Capital Advisors
Advisory & Asset Mgmt
Seller Edge Capital
Founder & CEO
Track Record
Milestones & Market Firsts
2020–2024
$15M → $430M AUM
Pelorus Capital Group · 4 years · 13%+ net IRR to investors during tenure
2021
First Unsecured Cannabis Bond
$50M · 7% coupon · BBB+ Egan-Jones · Piper Sandler
2023
PCG 2023-1 Cannabis Securitization
$70M total · Performance Trust · First cannabis-sector ABS
2023
First A-Rated Cannabis Bond
Highest credit rating achieved in the cannabis finance sector
2020
$1B Starwood Mall Restructuring
7 malls · ~$250M ILS bonds · Tel Aviv District Court
Latest Thinking
Insights on Credit Markets
Inside the Largest Mall Transaction of 2020: The $1B Starwood Restructuring
How TG Capital Advisors was selected from 8 bidders to represent $250M in Israeli shekel bondholders on a $1 billion Starwood seven-mall portfolio — and what we learned about COVID-era CMBS workouts.
What It Actually Takes to Grow a Private Credit Fund from $15M to $430M
The operational, capital markets, and underwriting decisions that drove 29× AUM growth at Pelorus Capital Group — and what private credit managers get wrong when scaling.
Get in Touch
Let's Connect
Whether you hold a seller-financed note, work with business buyers and sellers, or are an accredited investor, Seller Edge Capital wants to hear from you.
