Strategic Value Partners, a global alternative investment firm, agreed to invest in Hornblower Group, a San Francisco–based charter yacht, dining cruise and ferry service company. Financial terms were not disclosed. In connection with the agreement, Hornblower's overnight cruising business American Queen Voyages will be sold or, if a sale cannot be achieved, its operations will be wound down. Hornblower is taking this action because of the underperformance of AQV, which has not rebounded from the pandemic.