Buckhill Credit was formed by Buckhill Capital and Gratitude Railroad to help solve environmental and social problems with institutional capital. Buckhill Credit makes loans to middle market companies generating positive social, environmental, and economic impact. We target companies with measurable impact and positive cash flows. We are especially interested in companies with diverse leadership.

For companies, we provide flexibility, transparency and a streamlined funding process. Our loans allow companies to retain more equity and control over their own businesses. For investors, we bring the rewards of a double bottom line: competitive financial return and measurable social impact.


Buckhill Capital invests in a select group of socially responsible companies in the education, food, energy and real estate sectors. Founded in 1999, Buckhill Capital and related entities have made over 60 direct investments and over 20 fund investments.

Buckhill Credit finances companies with meaningful and measurable impact as well as enduring cash flow. Fixing big problems is big business, hence, we provide senior loans in the range of $5 to $100 million for companies with cash flow of $5 million or more. Our credit process evaluates underlying cash flows, enterprise value, and the value of tangible and intangible assets. We value expertise, transparency and commitment. Our initial focus is the West Coast, and we are expanding.

For institutional investors, we bring investments that yield fixed-income returns and measurable, positive outcomes in the world. Our incentive compensation is tied to achieving top-tier returns and measurable impact. We invest our own capital alongside other investors.

Read our white paper on Double-Bottom Line Carry Structure

Over $1 trillion exist in the global private lending market, but impact companies have limited access to this capital We’re working hard to change this

Buckhill is helping to expand the community of institutional investors and companies who are partnering to solve the greatest social, economic and environmental challenges facing our world that include access to education and work as well as more efficient ways of producing and using energy.

The Buckhill team has made over $5 billion of institutional loans and equity investments


Henrik Jones is the Founder of Buckhill Credit and Buckhill Capital. Prior to Buckhill, he founded and managed the Real Assets Portfolio at Hall Capital Partners that grew to $1.3 billion during his tenure. Jones has helped launch a number of startups, including Answers.com (Founder and CEO), FFBP (CEO), and InterMedia Partners (Partner). Jones began his career at JP Morgan in 1984 where he helped form the Media and Entertainment Corporate Finance Group. Jones received a BA from Brown University and an MBA from Harvard Business School.

THOMAS KNOWLESAdvisor and Managing Director, Gratitude

Thomas Knowles manages Gratitude Railroad, an investment partnership created by proven entrepreneurs, operators and investors with a common belief that business and capitalism can be a force for helping solve critical social and environmental issues. Prior to GRR, Thomas led corporate development and strategy for an e-commerce company, Backcountry, and a SAAS company, Liveperson. He also spent five years in investing roles with SVB Capital, the venture capital arm of Silicon Valley Bank. Knowles graduated from Santa Clara University with a degree in Economics.


Ash Shrivastav has worked as an investment banker with JPMorgan and other boutique firms where he covered consumer staples, finance and technology companies and worked on transactions of all sizes. As a Partner with Johan Hekelaar, a Washington DC investment bank, he sourced deals, negotiated and executed numerous M&A transactions, started the firm’s South Asia coverage, and built a team in New Delhi. Shrivastav also developed the startups Callitme and NepaliVivah and led the digital strategy efforts for the King of Nepal.


Howard I. Fischer is co-founder and chief evangelist of Gratitude Railroad. He is also the founder, Chief Executive Officer and Chief Investment Officer of Basso Capital Management, L.P. a convertible securities hedge fund management company. Previously, Mr. Fischer was the senior trader and co-head of the institutional convertible trading desk at Smith Barney a convertible trader at Drexel Burnham and at Cohen Feit & Company, and a Certified Public Accountant in both public and private practice. He holds a B.S.E. in Accounting and Finance from the Wharton School of the University of Pennsylvania and was a fellow of the Advanced Leadership Initiative at Harvard University.


Eric Jacobsen is on the Advisory Committee of Buckhill Credit.  He is co-founder of Gratitude Railroad, a community of investors committed to helping solve environmental and social problems through the profitable deployment of capital into conscious businesses. He is also co-founder of Dolphin Capital, a private equity firm which invests in high growth companies in the Mountain West region, in Utah.  Previously, Jacobsen was the founder and CEO of TNT Sound (sold 1983), Vice President of MECA Software (IPO and then sold to H&R Block in 1994), and Founder and President of Home Financial Network (sold to Sybase in 2000.). Jacobsen received a bachelor’s degree from Stanford University and is a graduate of Harvard University’s Advanced Leadership Initiative.

AGENDA28Social Impact Design and Marketing

If a company is not right for our loans, we may be able to connect them with other resources. For example, we partner with Gratitude Railroad on companies that may be earlier stage and/or more appropriate for equity investments. Here are some of our recommended resources for impact-driven entrepreneurs, investors and companies,


We are seeking companies solving the world’s biggest problems and now need growth capital.

We are seeking billions of dollars of institutional capital to make impact loans with returns competitive with traditional fixed income.