SteelRiver Infrastructure Partners LP

NEW YORK - JOHN HANCOCK AND BABCOCK & BROWN INFRASTRUCTURE FUND NORTH AMERICA'S MANAGEMENT TEAM TO ACQUIRE PARTNERSHIP INTERESTS AND MANAGEMENT RIGHTS OVER THE US$1.9BN UNLISTED INFRASTRUCTURE FUND FROM BABCOCK & BROWN The management team of Babcock & Brown Infrastructure Fund North America LP, ("BBIFNA" or the "Fund"), a San Francisco based unlisted infrastructure fund that owns and manages energy and infrastructure assets throughout North America, and John Hancock Life Insurance Company ("John Hancock"), a diversified financial services organization and an existing limited partner of the Fund, today announced the acquisition of Babcock & Brown's ("B&B") interests in the Fund as well as B&B's management rights over the Fund.