Travis GoadPrivate Credit · CMBS · Distressed Debt

Track Record

Selected Transaction History

Over $4 billion in transactions across capital markets, distressed debt, structured credit, and private fund formation — spanning two decades.

$4B+

Career Transactions

20+

Years Institutional Credit

100+

Defaulted Loans Resolved

4

Institutional Platforms

Track Record

Milestones & Market Firsts

Fund Growth

2020–2024

$15M → $430M AUM

Pelorus Capital Group · 4 years · 13%+ net IRR to investors during tenure

Industry First

2021

First Unsecured Cannabis Bond

$50M · 7% coupon · BBB+ Egan-Jones · Piper Sandler

Industry First

2023

PCG 2023-1 Cannabis Securitization

$70M total · Performance Trust · First cannabis-sector ABS

Industry First

2023

First A-Rated Cannabis Bond

Highest credit rating achieved in the cannabis finance sector

Largest of 2020

2020

$1B Starwood Mall Restructuring

7 malls · ~$250M ILS bonds · Tel Aviv District Court

Landmark Deals

Signature Transactions

Transactions where Travis served as the principal structuring lead or senior representative — each representing a market milestone or first of its kind.

Landmark / First of Kind
Signature Deal
Fund Growth

Pelorus Capital Group — $15M to $430M AUM

Managing Partner & Co-Owner

Pelorus Capital Group

Fund Growth
Size$430M peak AUM · 13%+ net IRR to investors
Year2020 – 2024
TypePrivate Credit Fund Management

Joined Pelorus Capital Group in early 2020 as Managing Partner and co-owner — one of three principals — when the fund had $15M in AUM and a thesis most lenders wouldn't touch. Over four years, grew AUM to $430M, built a 5-person team, and personally led every debt issuance in the firm's history: the first unsecured cannabis corporate bond ($50M, BBB+, Piper Sandler), the first cannabis-sector securitization (PCG 2023-1, $70M, Performance Trust), and the conversion to the first A-rated secured cannabis bond. Fund delivered 13%+ net IRR to investors life-to-date during tenure.

$1B Starwood Seven-Mall Portfolio Restructuring

Principal, GEI / Bondholder Representative

TG Capital Advisors / Golden East Investors

Largest of Its Year
Size~$1B capital stack — ~$250M ILS bonds represented
YearSeptember 2020
TypeCMBS Restructuring

In partnership with Pacific Retail Capital Partners, selected to lead exclusive negotiations for managing seven regional malls owned by Starwood West Limited — ~8M sq ft across OH, WA, CA, and IN. Capital stack: ~$1B total (~$780M senior debt + 910M ILS in Israeli shekel bonds). Represented the ILS bondholders (Tel Aviv District Court) through the workout. Named the largest shopping center transaction of 2020 since the pandemic.

PCG 2023-1 — First Cannabis-Sector Securitization

Structuring Lead / Managing Partner

Pelorus Capital Group

Industry First
Size$70M ($45M public tranche)
Year2023
TypeSecuritization / Structured Credit

Personally structured and led PCG 2023-1 — the first-ever securitization backed by collateral in the cannabis sector. $70M total deal size ($45M public single-tranche, $25M retained by Pelorus), placed through Performance Trust with Cadwalader, Wickersham & Taft as legal counsel. Floating rate tied to one-month SOFR. Attracted institutional investors and hedge funds at a moment when most market participants believed securitization in cannabis was impossible without legislative reform.

First A-Rated Secured Cannabis Bond

Structuring Lead

Pelorus Capital Group

Industry First
SizeUndisclosed
Year2023
TypeSecured Corporate Debt

Led the conversion of Pelorus Capital's debt program to the first-ever A-rated secured cannabis bond — the highest credit rating achieved in the cannabis finance sector. The upgrade validated the fund's collateral quality and institutional underwriting approach, opening access to a broader universe of institutional capital.

First Unsecured Cannabis Corporate Bond

Structuring Lead

Pelorus Capital Group

Industry First
Size$50M
Year2021
TypeUnsecured Corporate Debt

Led the first-ever unsecured senior notes offering in the cannabis sector — rated BBB+ by Egan-Jones, placed by Piper Sandler & Co., with Dentons as company counsel. 7% coupon, 5-year maturity, September 2021 close. Initial offering of $42.5M was ultimately grown to $50M placed. The transaction marked the first time a cannabis company accessed the institutional bond market without real estate collateral — representing a landmark in the maturation of cannabis capital markets.

Transactions represent deals where Travis Goad served as a principal, structuring lead, or designated representative — not all deals under firm management.