Prudential-backed Prismic Life closes oversubscribed US$1.9 billion capital raise
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Prismic Life, backed by Prudential Financial and Warburg Pincus, has successfully closed an oversubscribed capital raise of US$1.9 billion, exceeding its US$1.6 billion target. This additional capital will enhance Prismic's ability to engage in a broader range of life and annuity reinsurance transactions, bringing its total raised to over US$3.3 billion for reinsurance of liabilities.
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