SEB, a Swedish financial group, AMF, a pension fund, and FAM, an asset manager, agreed to form Sindre Invest, a private equity company aimed at supporting distressed Swedish companies, in a $375m deal. The idea is that the investments will have a term of three to five years and that as a company Sindre, will operate for a total of ten years. Sindre will invest at market terms that reflect the companies’ risk and assessed potential. “I am very happy that we together with like-minded partners can gear up in an impactful way and broaden our work with investing in vital Swedish companies that are in need of capital to make it through the economic crisis we are currently in. We believe it is good for our savers, good for the companies, and also good for Sweden as a whole,” Johan Sidenmark, AMF CEO.