Willkie Farr & Gallagher LLP
05/21/2026 | News release | Distributed by Public on 05/21/2026 08:17
Willkie Advises Prismic Life on Oversubscribed $1.9 Billion Capital Raise
Willkie Advises Prismic Life on Oversubscribed $1.9 Billion Capital Raise
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May 21, 2026
Willkie represented Prismic Life Holding Company, LP, a life and annuity reinsurance platform sponsored by Prudential Financial, Inc. and Warburg Pincus, in connection with a capital raise that closed with $1.9 billion in total commitments.
On May 20, Prismic announced the successful completion of an oversubscribed capital raise that included investments from a global consortium of world-class institutional investors. The previously announced capital raise exceeded its original $1.6 billion target, expanding Prismic's capacity and flexibility to support a broader range of reinsurance opportunities.
Prismic Life Holding Company, LP 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.
Willkie previously advised Warburg Pincus on its launch of Prismic Life with Prudential Financial in 2023.
The Willkie team was led by partners Thomas Mark and David Luce and included associates Sam Neece, Michael Rieger and Alexa Villarreal.
On May 20, Prismic announced the successful completion of an oversubscribed capital raise that included investments from a global consortium of world-class institutional investors. The previously announced capital raise exceeded its original $1.6 billion target, expanding Prismic's capacity and flexibility to support a broader range of reinsurance opportunities.
Prismic Life Holding Company, LP 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.
Willkie previously advised Warburg Pincus on its launch of Prismic Life with Prudential Financial in 2023.
The Willkie team was led by partners Thomas Mark and David Luce and included associates Sam Neece, Michael Rieger and Alexa Villarreal.
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