Infrastructure Equity

We seek to make equity investments in core and core-plus infrastructure assets focusing on mid-market opportunities predominantly in the United States. Operating as the John Hancock infrastructure team, part of Manulife Investment Management's private markets platform, we’ve been investing in and managing diversified portfolios of infrastructure investments for more than 30 years. We raised our first infrastructure equity fund, John Hancock Infrastructure Fund, for institutional clients in 2018.

Philosophy

We seek to invest in core and core-plus infrastructure assets that provide long-term, predictable cash flows. We also invest opportunistically alongside experienced managers and operators in value-add assets that offer downside protection through contractual provisions or deal structuring.1 Our direct infrastructure equity strategy is grounded in our position as a trustworthy and reliable long-term partner—with risk-based investment underwriting backed by Manulife and John Hancock—which can lead to differentiated deal flow. Our diverse network of strategic operators, developers, and financial sponsors produces infrastructure opportunities across the risk/return spectrum. Our industry experience and expertise along all points in the value chain, along with our extensive equity and debt portfolio provide market insight and relationships across the infrastructure sector.

Managed by

John C. S. Anderson

Global Head of Corporate Finance and Infrastructure

John directs the firm’s U.S. and Canadian investment teams in the origination, analysis, and management of investments in public bonds, private placement debt, and private equity. John is also an approving officer for all private equity investments made by the firm’s Boston-based investment teams, and he sits on the global credit committee of parent company Manulife. In addition, John is a portfolio manager of John Hancock Infrastructure Fund, a closed-end fund that allows third-party investors to invest alongside Manulife. Prior to his current role, he led the U.S. investment teams, and prior to that, he led the firm’s power and infrastructure investing team. Before joining Manulife in 2001, he worked for 10 years in the New York and London offices of JPMorgan Chase, where he led teams that advised on bond market financing.

  • Education: B.A. in Economics, University of Chicago; M.B.A., Georgetown University
  • Joined the company: 2001
  • Began career: 1990
John C. S. Anderson

Recep C. Kendircioglu, CFA, FRM

Portfolio Manager, Head of Infrastructure Investments

Recep oversees the firm’s infrastructure investments group and is a portfolio manager of John Hancock Infrastructure Fund, a closed-end fund that allows third-party investors to invest alongside Manulife. Prior to joining the firm in 2007, he worked for Enel North America, acquiring and developing renewable energy projects in the United States and Canada and also taking an international assignment for privatization bids in Poland and France. Prior to Enel, Recep managed the strategy and planning group at InterGen, where he worked on the development and financing of U.S. thermal plants. Recep holds the Chartered Financial Analyst and Financial Risk Manager designations, and is a member of the Boston Security Analysts Society.

  • Education: B.S. in Computer Engineering, Boğaziçi University; M.B.A., Rice University
  • Joined the company: 2007
  • Began career: 1999
Recep C. Kendircioglu, CFA, FRM

Key facts

Inception date

1982

Strategy AUM (USD)

$8.7B

Category

Private markets

ESG

Over $9 billion invested in renewable space

Important disclosures

ESG statistics are as of December 31, 2018. All other data is as of December 31, 2019, unless otherwise indicated.

1 Investment advisory services to external accounts in the United States are offered by Manulife Investment Management Private Markets (US), LLC (“Manulife IM PM (US)”), a U.S. Securities and Exchange Commission registered investment adviser and subsidiary of Manufacturers Investment Corporation. Members of the John Hancock Infrastructure Team manage assets directly for the John Hancock U.S. general account and separately manage assets for private fund clients and certain affiliate accounts through Manulife IM PM (US). The inception date of Manulife IM PM (US)’s first external account mandate was 2018. Manulife IM PM (US) manages $2.0B of infrastructure equity assets on a discretionary basis as of December 31, 2019.

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