Baker Bros. Advisors’ Convertible Note Purchase Agreement

Akin Gump advised Baker Bros. Advisors LP on the transaction

Baker Bros. Advisors LP executed the purchase of an aggregate principal amount of $10 million of convertible promissory notes pursuant to a Convertible Note Purchase Agreement. The deal provides for an aggregate principal amount of up to $15 million in the first tranche funding and up to an additional $5 million in the second tranche funding.

Baker Bros. Advisors LP is an employee owned hedge fund sponsor. The firm primarily provides its services to pooled investment vehicles. It also caters to charitable organizations.

Jeffrey Kochian (Picture), head of Akin Gump’s corporate practice, led the team advising Baker Bros. Advisors. He was joined by fellow partner Matthew Bivona, counsel Alyssa Dossick and associate Ashton Butcher.

Involved fees earner: Ashton Barrineau Butcher – Akin Gump; Matthew Bivona – Akin Gump; Alyssa Dossick – Akin Gump; Jeffrey Lazar Kochian – Akin Gump;

Law Firms: Akin Gump;

Clients: Baker Bros. Advisors, LLC;

Author: Ambrogio Visconti