{"id":965240,"date":"2026-05-20T09:27:17","date_gmt":"2026-05-20T13:27:17","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/prismic-life-announces-completion-of-oversubscribed-capital-raise\/"},"modified":"2026-05-20T09:27:17","modified_gmt":"2026-05-20T13:27:17","slug":"prismic-life-announces-completion-of-oversubscribed-capital-raise","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/prismic-life-announces-completion-of-oversubscribed-capital-raise\/","title":{"rendered":"Prismic Life Announces Completion of Oversubscribed Capital Raise"},"content":{"rendered":"<p>        <!--body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>Prismic Life Announces Completion of Oversubscribed Capital Raise<\/b><\/p>\n<p>HAMILTON, Bermuda&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nPrismic Life Holding Company, LP (Prismic) today announced the successful completion of its <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fnews.prudential.com%2Fus-en%2Flatest-news%2Fprudential-news%2F2025%2Fq4%2FPrismic-Life-announces-close-of-US-1-3B-capital-raise&amp;esheet=54538866&amp;newsitemid=20260520537530&amp;lan=en-US&amp;anchor=previously+announced&amp;index=1&amp;md5=a9df1cd00612312741f79f160d7e5f4d\">previously announced<\/a> capital raise. The approximately US$1.9 billion of total commitments reflects an oversubscribed closing, exceeding its original US$1.6 billion target. The additional capital expands Prismic\u2019s capacity and flexibility to support a broader range of reinsurance opportunities.<\/p>\n<p>\nPrismic is sponsored by Prudential Financial, Inc. (<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Finvestor.prudential.com%2Foverview%2Fdefault.aspx&amp;esheet=54538866&amp;newsitemid=20260520537530&amp;lan=en-US&amp;anchor=NYSE%3A+PRU&amp;index=2&amp;md5=cc0cb4edbe1101d7fbab34085ee9452e\">NYSE: PRU<\/a>) (PFI) and Warburg Pincus, global leaders in insurance and investment management. This capital raise included investments from a global consortium of world-class institutional investors, underscoring continued demand for Prismic\u2019s differentiated reinsurance platform. Prismic is a Bermuda-exempted limited partnership and the holding company of Prismic Life Reinsurance, Ltd. and Prismic Life Reinsurance International, Ltd., each a licensed Class E Bermuda-based life and annuity reinsurance company. Including this close, Prismic has raised more than US$3.3 billion in capital to support the reinsurance of liabilities, including PFI\u2019s U.S. and Japanese liabilities as well as third-party business, such as the recent <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.prismiclife.com%2Fp%2F13&amp;esheet=54538866&amp;newsitemid=20260520537530&amp;lan=en-US&amp;anchor=Daiichi+Life+transaction&amp;index=3&amp;md5=899555d39cb1f0f31451bb4295c6e987\">Daiichi Life transaction<\/a>.<\/p>\n<p>\nPrismic Group Chair and CEO Nandini Mongia commented, \u201cThis capital raise marks another important milestone for the Prismic platform. The oversubscription reflects confidence in our strategy, enhances our ability to execute efficiently on future transactions, and allows us to deliver innovative reinsurance solutions that support clients\u2019 capital, risk, and balance-sheet management needs.\u201d<\/p>\n<p>\n\u201cPrismic is an important part of Prudential\u2019s broader toolkit for flexible capital allocation,\u201d said Andy Sullivan, chairman and CEO of Prudential Financial. \u201cThe platform provides Prudential access to third-party capital and strategic optionality that supports our long-term growth strategy.\u201d<\/p>\n<p>\n\u201cThe oversubscribed raise highlights Prismic\u2019s long-term growth potential,\u201d added Jeffrey Perlman, CEO of Warburg Pincus. \u201cIts integrated approach remains highly differentiated, and we are pleased to continue partnering with Prudential and Prismic as the platform grows.\u201d<\/p>\n<p>\nPrismic will continue to leverage global investment management capabilities from PGIM, the US$1.4 trillion* global investment management business of PFI, and Warburg Pincus across public and private markets.<\/p>\n<p>\nPrismic was advised by PGIM, Inc., RBC Capital Markets, Willkie Farr &amp; Gallagher LLP, and Appleby (Bermuda) Limited.<\/p>\n<p><b>About Prismic Life<br \/>\n<br \/><\/b>Prismic Life is a Bermuda-based, growth-oriented life and annuity reinsurance platform that leverages Prudential Financial and Warburg Pincus\u2019 sponsorship and the market-leading asset management capabilities of PGIM and Warburg Pincus to deliver value to clients. Prismic Life\u2019s expertise and scalable operating model enable the firm to provide risk and balance sheet management solutions, while offering investors access to reinsurance as an asset class. Launched on Sept. 1, 2023, Prismic Life currently manages over US$17 billion of liabilities. For more information about Prismic Life, please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.prismiclife.com%2Fp%2F1&amp;esheet=54538866&amp;newsitemid=20260520537530&amp;lan=en-US&amp;anchor=prismiclife.com&amp;index=4&amp;md5=dca35d10b51f91f6f7f66f1a12e7a69b\">prismiclife.com<\/a>.<\/p>\n<p><b>About Prudential Financial<br \/>\n<br \/><\/b>Prudential Financial, Inc. (<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Finvestor.prudential.com%2Foverview%2Fdefault.aspx&amp;esheet=54538866&amp;newsitemid=20260520537530&amp;lan=en-US&amp;anchor=NYSE%3A+PRU&amp;index=5&amp;md5=5180c2e9995c5dd5b8e9f14e2dda2537\">NYSE: PRU<\/a>), a global financial services leader and premier active global investment manager with approximately US$1.6 trillion in assets under management as of March 31, 2026, has operations in the United States, Asia, Europe, and Latin America. Prudential\u2019s diverse and talented employees help make lives better and create financial opportunity for more people by expanding access to investing, insurance, and retirement security. Prudential\u2019s iconic Rock symbol has stood for strength, stability, expertise, and innovation for over 150 years. For more information, please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fnews.prudential.com%2F&amp;esheet=54538866&amp;newsitemid=20260520537530&amp;lan=en-US&amp;anchor=news.prudential.com&amp;index=6&amp;md5=2f1838b0899a5aba49ace3a799a4d581\">news.prudential.com<\/a>.<\/p>\n<p><b>About Warburg Pincus<br \/>\n<br \/><\/b>Warburg Pincus LLC is the pioneer of global growth investing. A private partnership since 1966, the firm has the flexibility and experience to focus on helping investors and management teams achieve enduring success across market cycles. Today, the firm has more than US$100 billion in assets under management, and more than 215 companies in their active portfolio, diversified across stages, sectors and geographies. Warburg Pincus has invested in more than 1,100 companies across its private equity, real estate and capital solutions strategies.<\/p>\n<p>\nThe firm is headquartered in New York with more than 15 offices globally. For more information, please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.warburgpincus.com%2F&amp;esheet=54538866&amp;newsitemid=20260520537530&amp;lan=en-US&amp;anchor=warburgpincus.com&amp;index=7&amp;md5=5aa01426838fab1c223d89ca45b0292a\">warburgpincus.com<\/a> or follow us on <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fwarburg-pincus%2F&amp;esheet=54538866&amp;newsitemid=20260520537530&amp;lan=en-US&amp;anchor=LinkedIn&amp;index=8&amp;md5=04d1b82257b4502d198ce54d0389a95d\">LinkedIn<\/a> and <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fnam10.safelinks.protection.outlook.com%2F%3Furl%3Dhttps%253A%252F%252Fwww.youtube.com%252F%252540WarburgPincusLLC%26data%3D05%257C02%257Cemily.blum%2540prudential.com%257C1b4b3e94b9f44b0a1b9208de9ee6e6f3%257Cd8fde2f5939242608a030ad01f4746e9%257C0%257C0%257C639122911855759652%257CUnknown%257CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%253D%253D%257C0%257C%257C%257C%26sdata%3D9gtdmh5y6vcJd5PojM9fy6T%252F2LyAivG0cKVEG4Qhk4g%253D%26reserved%3D0&amp;esheet=54538866&amp;newsitemid=20260520537530&amp;lan=en-US&amp;anchor=YouTube&amp;index=9&amp;md5=0186a7f3346100b9f57060dac72ca39f\">YouTube<\/a>.<\/p>\n<p>\n*As of March 31, 2026.<\/p>\n<p><b>Prudential Forward-Looking Statements<br \/>\n<br \/><\/b>Certain of the statements included in this release, such as those regarding the capital raise and expected results and impacts thereof, including the expected allocation of capital to assets managed by PGIM, the business plan of Prismic and our expectations relating to reinsurance, constitute forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Words such as \u201cexpects,\u201d \u201cbelieves,\u201d \u201canticipates,\u201d \u201cincludes,\u201d \u201cplans,\u201d \u201cassumes,\u201d \u201cestimates,\u201d \u201cprojects,\u201d \u201cintends,\u201d \u201cshould,\u201d \u201cwill,\u201d \u201cshall\u201d or variations of such words are generally part of forward-looking statements. Prudential\u2019s forward-looking statements are made based on management\u2019s current expectations and beliefs concerning future developments and their potential effects upon Prudential Financial, Inc. and its subsidiaries. There can be no assurance that future developments affecting Prudential Financial, Inc. and its subsidiaries will be those anticipated by management. These forward-looking statements are not a guarantee of future performance and involve risks and uncertainties, and there are certain important factors that could cause actual results to differ, possibly materially, from expectations or estimates reflected in such forward-looking statements. Certain important factors that could cause actual results to differ, possibly materially, from expectations or estimates reflected in such forward-looking statements can be found in the \u201cRisk Factors\u201d and \u201cForward-Looking Statements\u201d sections included in Prudential\u2019s Annual Report on Form 10-K. Prudential does not undertake to update any particular forward-looking statement included in this document. The securities subject to the equity investment referred to in this press release have not been registered under the Securities Act of 1933, as amended (the \u201cSecurities Act\u201d), and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws. This press release is for informational purposes only and is not an offer to sell or purchase nor the solicitation of an offer to sell or purchase securities and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which, or to any person to whom such an offer, solicitation or sale would be unlawful.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260520537530r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20260520537530\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20260520537530\/en\/<\/a><\/span><\/p>\n<p><b>Prismic Media Contact:<\/b> Christian Ercole; <a rel=\"nofollow\" href=\"mailto:christian.ercole@prismiclife.com\">christian.ercole@prismiclife.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Bermuda Caribbean<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Asset Management Professional Services Insurance Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20260520537530\/en\/2810365\/3\/NR_Prismic_1500x1100.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Prismic Life Announces Completion of Oversubscribed Capital Raise HAMILTON, Bermuda&#8211;(BUSINESS WIRE)&#8211; Prismic Life Holding Company, LP (Prismic) today announced the successful completion of its previously announced capital raise. The approximately US$1.9 billion of total commitments reflects an oversubscribed closing, exceeding its original US$1.6 billion target. The additional capital expands Prismic\u2019s capacity and flexibility to support a broader range of reinsurance opportunities. Prismic is sponsored by Prudential Financial, Inc. (NYSE: PRU) (PFI) and Warburg Pincus, global leaders in insurance and investment management. This capital raise included investments from a global consortium of world-class institutional investors, underscoring continued demand for Prismic\u2019s differentiated reinsurance platform. Prismic is a Bermuda-exempted limited partnership and the holding company of Prismic Life Reinsurance, Ltd. and Prismic Life &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/prismic-life-announces-completion-of-oversubscribed-capital-raise\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Prismic Life Announces Completion of Oversubscribed Capital Raise&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-965240","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Prismic Life Announces Completion of Oversubscribed Capital Raise - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/prismic-life-announces-completion-of-oversubscribed-capital-raise\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Prismic Life Announces Completion of Oversubscribed Capital Raise - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Prismic Life Announces Completion of Oversubscribed Capital Raise HAMILTON, Bermuda&#8211;(BUSINESS WIRE)&#8211; Prismic Life Holding Company, LP (Prismic) today announced the successful completion of its previously announced capital raise. The approximately US$1.9 billion of total commitments reflects an oversubscribed closing, exceeding its original US$1.6 billion target. The additional capital expands Prismic\u2019s capacity and flexibility to support a broader range of reinsurance opportunities. Prismic is sponsored by Prudential Financial, Inc. (NYSE: PRU) (PFI) and Warburg Pincus, global leaders in insurance and investment management. This capital raise included investments from a global consortium of world-class institutional investors, underscoring continued demand for Prismic\u2019s differentiated reinsurance platform. Prismic is a Bermuda-exempted limited partnership and the holding company of Prismic Life Reinsurance, Ltd. and Prismic Life &hellip; Continue reading &quot;Prismic Life Announces Completion of Oversubscribed Capital Raise&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/prismic-life-announces-completion-of-oversubscribed-capital-raise\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-05-20T13:27:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260520537530r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/prismic-life-announces-completion-of-oversubscribed-capital-raise\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/prismic-life-announces-completion-of-oversubscribed-capital-raise\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Prismic Life Announces Completion of Oversubscribed Capital Raise\",\"datePublished\":\"2026-05-20T13:27:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/prismic-life-announces-completion-of-oversubscribed-capital-raise\\\/\"},\"wordCount\":1031,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/prismic-life-announces-completion-of-oversubscribed-capital-raise\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20260520537530r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/prismic-life-announces-completion-of-oversubscribed-capital-raise\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/prismic-life-announces-completion-of-oversubscribed-capital-raise\\\/\",\"name\":\"Prismic Life Announces Completion of Oversubscribed Capital Raise - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/prismic-life-announces-completion-of-oversubscribed-capital-raise\/","og_locale":"en_US","og_type":"article","og_title":"Prismic Life Announces Completion of Oversubscribed Capital Raise - Market Newsdesk","og_description":"Prismic Life Announces Completion of Oversubscribed Capital Raise HAMILTON, Bermuda&#8211;(BUSINESS WIRE)&#8211; Prismic Life Holding Company, LP (Prismic) today announced the successful completion of its previously announced capital raise. The approximately US$1.9 billion of total commitments reflects an oversubscribed closing, exceeding its original US$1.6 billion target. The additional capital expands Prismic\u2019s capacity and flexibility to support a broader range of reinsurance opportunities. Prismic is sponsored by Prudential Financial, Inc. (NYSE: PRU) (PFI) and Warburg Pincus, global leaders in insurance and investment management. This capital raise included investments from a global consortium of world-class institutional investors, underscoring continued demand for Prismic\u2019s differentiated reinsurance platform. Prismic is a Bermuda-exempted limited partnership and the holding company of Prismic Life Reinsurance, Ltd. and Prismic Life &hellip; Continue reading \"Prismic Life Announces Completion of Oversubscribed Capital Raise\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/prismic-life-announces-completion-of-oversubscribed-capital-raise\/","og_site_name":"Market Newsdesk","article_published_time":"2026-05-20T13:27:17+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260520537530r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/prismic-life-announces-completion-of-oversubscribed-capital-raise\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/prismic-life-announces-completion-of-oversubscribed-capital-raise\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Prismic Life Announces Completion of Oversubscribed Capital Raise","datePublished":"2026-05-20T13:27:17+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/prismic-life-announces-completion-of-oversubscribed-capital-raise\/"},"wordCount":1031,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/prismic-life-announces-completion-of-oversubscribed-capital-raise\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260520537530r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/prismic-life-announces-completion-of-oversubscribed-capital-raise\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/prismic-life-announces-completion-of-oversubscribed-capital-raise\/","name":"Prismic Life Announces Completion of Oversubscribed Capital Raise - 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